REX FANG & Innovation Equity Premium Income ETF (FEPI) Valuation
FEPI valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 30.4 trailing earnings
- Forward P/E
- 20.6 analyst estimates
- Price / sales
- 9.05
- Price / book
- 10.85
- EV / EBITDA
- 21.2
- Earnings yield
- 3.29% inverse of P/E
- Dividend yield
- 0.29% of the holdings
- Return on equity
- 35.7% combined
- Net margin
- 29.8% combined
- Beta
- 1.68 weighted, vs S&P 500
FEPI valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FEPI | 30.4 | 20.6 | 9.05 | 10.85 | 0.29% | 35.7% | 29.8% | 6.4% |
| SPY | 25.9 | 19.9 | 3.67 | 5.47 | 1.08% | 21.1% | 14.2% | 1.9% |
| QQQ | 34.2 | 23.4 | 5.93 | 9.27 | 0.58% | 27.1% | 17.4% | 6.9% |
| DIA | 20.9 | 18.4 | 3.16 | 5.52 | 1.55% | 26.4% | 15.1% | 0.0% |
| VTI | 28.2 | 19.4 | 3.31 | 5.00 | 1.07% | 17.7% | 11.8% | 4.6% |
| IWM | n/m | 13.9 | 1.25 | 2.03 | 1.38% | −1.7% | −1.0% | 28.1% |
Same method for every fund. n/m = not meaningful (combined trailing earnings below zero or close to it). Loss-makers = weight of holdings with negative trailing earnings.
FEPI valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 65.6% | 33.0 | 18.6 | 11.17 | 13.58 | 0.39% | 41.1% |
| Communication Services | 18.6% | 21.2 | 21.1 | 7.55 | 7.80 | 0.19% | 36.8% |
| Consumer Cyclical | 13.8% | 37.9 | 41.2 | 5.53 | 7.61 | 0.00% | 20.1% |
FEPI earnings yield vs bond yields
Earnings yield = earnings ÷ price (1 ÷ P/E). The gap to bond yields is a rough gauge of the extra return stocks are priced to deliver.
How FEPI weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FEPI largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 6.95% | 39.4 | 35.2 | 10.7 | 0.31% | 5.47% |
| TSLA | Tesla, Inc. | 6.88% | 328.4 | 158.7 | 13.5 | — | 0.65% |
| AMZN | Amazon.com, Inc. | 6.87% | 20.1 | 23.6 | 3.5 | — | 10.58% |
| SNDK | Sandisk Corporation | 6.85% | 17.6 | 8.0 | 9.3 | — | 12.04% |
| PLTR | Palantir Technologies Inc. | 6.82% | 160.4 | 85.5 | 72.6 | — | 1.32% |
| MSFT | Microsoft Corporation | 6.82% | 29.5 | 25.1 | 11.8 | 0.74% | 7.16% |
| MU | Micron Technology, Inc. | 6.53% | 11.8 | 7.0 | 7.5 | 0.07% | 17.10% |
| NVDA | NVIDIA Corporation | 6.52% | 27.1 | 24.9 | 17.1 | 0.47% | 7.47% |
| GOOGL | Alphabet Inc. | 6.40% | 17.1 | 22.8 | 9.3 | 0.26% | 11.60% |
| AVGO | Broadcom Inc. | 6.36% | 43.3 | 19.4 | 17.6 | 0.79% | 4.55% |
| AMD | Advanced Micro Devices, Inc. | 6.28% | 134.9 | 39.5 | 20.9 | — | 1.44% |
| INTC | Intel Corporation | 6.27% | — | 63.3 | 8.3 | — | −4.58% |
| ORCL | Oracle Corporation | 6.20% | 20.1 | 17.8 | 5.4 | 1.56% | 9.55% |
| NFLX | Netflix, Inc. | 6.16% | 22.2 | 18.7 | 6.1 | — | 8.60% |
| META | Meta Platforms, Inc. | 6.09% | 26.7 | 22.1 | 7.9 | 0.30% | 7.06% |
Share of earnings = the holding's part of the fund's combined trailing profit. Green: earns more than its weight; orange: less. Symbol links go to each company's key metrics.
About FEPI valuation
Adding up its 15 holdings with company data, FEPI trades at 30.4 times trailing earnings and 20.6 times analysts' forward estimates, with a price-to-book ratio of 10.85 and a dividend yield of 0.29%. Its earnings yield of 3.29% is 2.03 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 67.0% of the fund and earn 77.9% of its combined profit. By sector, Consumer Cyclical is the most expensive at 37.9 times earnings and Communication Services the cheapest at 21.2. Companies that lost money over the past year are 6.4% of the covered weight.
How these figures are calculated. Each ratio treats the fund as one company: the earnings, sales and book value of every holding are added up in proportion to its weight and divided into the fund's price. In practice that is a weighted harmonic mean, so a single stock with a very high P/E cannot distort the result, and loss-making companies reduce the fund's earnings instead of being dropped. Covers 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FEPI chart, FEPI performance, FEPI holdings, FEPI dividends.
FEPI valuation FAQ
What is the P/E ratio of FEPI?
Based on its holdings, FEPI has a trailing P/E of 30.4 and a forward P/E of 20.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FEPI?
The trailing earnings yield is 3.29% (1 ÷ P/E) and the forward earnings yield 4.84%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FEPI more expensive than the S&P 500?
FEPI trades at 30.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 20.6 and 19.9.
What is the price-to-book ratio of FEPI?
The holdings of FEPI trade at 10.85 times book value, with a combined return on equity of 35.7%.
Which sector in FEPI has the highest P/E?
Consumer Cyclical has the highest P/E at 37.9 and Communication Services the lowest at 21.2.