FlexShares ESG & Climate US Large Cap Core… (FEUS) Valuation

NYSE Arca: FEUSP/E, earnings yield and other ratios of the holdings combined.

FEUS valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 25.1
Forward P/E: 19.5
Price / sales: 3.32
Price / book: 5.43
EV / EBITDA: 16.3
Earnings yield: 3.98%
Dividend yield: 1.21%
Return on equity: 21.6%
Net margin: 13.2%
Beta: 1.13

FEUS valuation vs other stock ETFs

P/E (TTM)Forward P/E

FEUS valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
FEUS	25.1	19.5	3.32	5.43	1.21%	21.6%	13.2%	1.1%
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.

FEUS valuation by sector

P/E (TTM)Forward P/E

FEUS valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	39.6%	30.2	22.3	6.43	9.68	0.73%	32.0%
Financial Services	12.4%	19.4	16.2	4.52	3.56	1.40%	18.4%
Healthcare	9.8%	30.3	14.6	1.22	3.43	2.45%	11.3%
Communication Services	9.3%	16.4	17.7	4.12	4.36	0.97%	26.5%
Consumer Cyclical	9.3%	26.9	25.7	3.73	8.03	0.46%	29.9%
Industrials	6.9%	30.5	21.4	4.33	6.08	1.32%	20.0%
Consumer Defensive	4.2%	24.7	20.8	1.20	6.24	2.45%	25.3%
Energy	2.8%	19.2	12.8	1.60	2.80	1.76%	14.5%
Basic Materials	1.8%	34.3	24.6	3.68	6.08	1.07%	17.7%
Utilities	1.6%	13.4	12.5	2.25	1.62	3.26%	12.1%
Real Estate	1.6%	35.4	35.6	9.73	3.37	2.82%	9.5%

FEUS earnings yield vs bond yields

FEUS earnings yield (forward)

5.13%

FEUS earnings yield (trailing)

3.98%

FEUS dividend yield

1.21%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 FEUS weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

FEUS largest holdings: valuation

FEUS largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
NVDA	NVIDIA Corporation	7.84%	27.1	24.9	17.1	0.47%	7.39%
AAPL	Apple Inc.	7.75%	39.4	35.2	10.7	0.31%	5.01%
MSFT	Microsoft Corporation	6.21%	29.5	25.1	11.8	0.74%	5.37%
AMZN	Amazon.com, Inc.	4.10%	20.1	23.6	3.5	—	5.20%
GOOGL	Alphabet Inc.	3.29%	17.1	22.8	9.3	0.26%	4.91%
GOOG	Alphabet Inc.	2.84%	16.9	21.8	9.2	0.26%	4.29%
TSLA	Tesla, Inc.	2.46%	328.4	158.7	13.5	—	0.19%
META	Meta Platforms, Inc.	2.04%	26.7	22.1	7.9	0.30%	1.94%
JPM	JPMorgan Chase & Co.	1.97%	14.2	13.5	4.7	1.94%	3.52%
V	Visa Inc.	1.94%	34.3	24.0	17.0	0.67%	1.44%
JNJ	Johnson & Johnson	1.64%	38.8	21.0	6.2	2.10%	1.08%
MA	Mastercard Incorporated	1.59%	34.0	24.2	15.4	0.56%	1.19%
WMT	Walmart Inc.	1.49%	43.0	38.0	1.3	0.83%	0.88%
AVGO	Broadcom Inc.	1.32%	43.3	19.4	17.6	0.79%	0.78%
CSCO	Cisco Systems, Inc.	1.30%	32.2	19.8	6.7	1.56%	1.03%
MRK	Merck & Co., Inc.	1.27%	115.8	15.3	5.4	2.33%	0.28%
CRM	Salesforce, Inc.	1.19%	22.0	14.0	4.5	0.73%	1.38%
IBM	International Business Machines Corporation	1.17%	20.6	17.4	3.2	2.91%	1.45%
INTC	Intel Corporation	1.10%	—	63.3	8.3	—	−0.66%
AMGN	Amgen Inc.	1.08%	26.9	16.7	6.1	2.33%	1.03%
SPGI	S&P Global Inc.	1.01%	26.1	19.9	7.9	0.90%	0.98%
PEP	PepsiCo, Inc.	1.01%	16.5	14.9	1.8	4.50%	1.55%
QCOM	QUALCOMM Incorporated	1.00%	19.9	19.6	4.2	2.14%	1.27%
BLK	BlackRock, Inc.	1.00%	25.8	16.4	6.5	2.02%	0.98%
UNP	Union Pacific Corporation	0.98%	23.4	19.3	6.8	1.97%	1.06%

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 FEUS valuation

Adding up its 126 holdings with company data, FEUS trades at 25.1 times trailing earnings and 19.5 times analysts' forward estimates, with a price-to-book ratio of 5.43 and a dividend yield of 1.21%. Its earnings yield of 3.98% is 1.35 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 40.4% of the fund and earn 39.3% of its combined profit. By sector, Real Estate is the most expensive at 35.4 times earnings and Utilities the cheapest at 13.4. Companies that lost money over the past year are 1.1% 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 99.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

FEUS valuation FAQ

What is the P/E ratio of FEUS?

Based on its holdings, FEUS has a trailing P/E of 25.1 and a forward P/E of 19.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of FEUS?

The trailing earnings yield is 3.98% (1 ÷ P/E) and the forward earnings yield 5.13%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is FEUS more expensive than the S&P 500?

FEUS trades at 25.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.5 and 19.9.

What is the price-to-book ratio of FEUS?

The holdings of FEUS trade at 5.43 times book value, with a combined return on equity of 21.6%.

Which sector in FEUS has the highest P/E?

Real Estate has the highest P/E at 35.4 and Utilities the lowest at 13.4.