Fidelity Fundamental Large Cap Growth ETF (FFLG) Valuation
FFLG valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 30.8 trailing earnings
- Forward P/E
- 24.0 analyst estimates
- Price / sales
- 5.22
- Price / book
- 10.64
- EV / EBITDA
- 19.9
- Earnings yield
- 3.24% inverse of P/E
- Dividend yield
- 0.38% of the holdings
- Return on equity
- 34.5% combined
- Net margin
- 16.9% combined
- Beta
- 1.49 weighted, vs S&P 500
FFLG valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FFLG | 30.8 | 24.0 | 5.22 | 10.64 | 0.38% | 34.5% | 16.9% | 6.1% |
| 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.
FFLG valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 53.8% | 33.1 | 24.2 | 5.76 | 16.44 | 0.38% | 49.7% |
| Communication Services | 15.5% | 18.9 | 22.3 | 9.05 | 7.26 | 0.26% | 38.4% |
| Healthcare | 8.6% | 144.6 | 25.8 | 8.51 | 13.06 | 0.34% | 9.0% |
| Industrials | 7.0% | 39.7 | 27.1 | 2.63 | 7.76 | 0.23% | 19.5% |
| Consumer Cyclical | 6.6% | 30.1 | 29.6 | 3.73 | 7.43 | 0.09% | 24.7% |
| Financial Services | 3.0% | 22.8 | 20.3 | 7.08 | 6.17 | 1.15% | 27.1% |
| Real Estate | 0.7% | 105.3 | 78.1 | 13.26 | 3.57 | 1.45% | 3.4% |
| Consumer Defensive | 0.5% | 22.0 | 18.4 | 1.43 | 9.96 | 3.08% | 45.3% |
| Utilities | 0.4% | 27.2 | 9.0 | 0.66 | 5.04 | 1.83% | 18.5% |
| Energy | 0.3% | 23.0 | 14.8 | 2.04 | 2.56 | 2.30% | 11.1% |
FFLG 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 FFLG weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FFLG largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 15.99% | 27.1 | 24.9 | 17.1 | 0.47% | 19.09% |
| GOOGL | Alphabet Inc. | 10.54% | 17.1 | 22.8 | 9.3 | 0.26% | 19.93% |
| AAPL | Apple Inc. | 8.51% | 39.4 | 35.2 | 10.7 | 0.31% | 6.98% |
| MSFT | Microsoft Corporation | 5.16% | 29.5 | 25.1 | 11.8 | 0.74% | 5.66% |
| LLY | Eli Lilly and Company | 3.66% | 42.2 | 24.4 | 14.1 | 0.55% | 2.80% |
| META | Meta Platforms, Inc. | 3.43% | 26.7 | 22.1 | 7.9 | 0.30% | 4.15% |
| AMD | Advanced Micro Devices, Inc. | 2.78% | 134.9 | 39.5 | 20.9 | — | 0.67% |
| AMZN | Amazon.com, Inc. | 2.76% | 20.1 | 23.6 | 3.5 | — | 4.43% |
| MU | Micron Technology, Inc. | 2.75% | 11.8 | 7.0 | 7.5 | 0.07% | 7.52% |
| AVGO | Broadcom Inc. | 2.30% | 43.3 | 19.4 | 17.6 | 0.79% | 1.71% |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 2.11% | 26.7 | 21.4 | 0.4 | 0.91% | 2.54% |
| SPCX | Space Exploration Technologies Corp. | 1.78% | — | 200.0 | 83.5 | — | −0.25% |
| MA | Mastercard Incorporated | 1.46% | 34.0 | 24.2 | 15.4 | 0.56% | 1.39% |
| TSLA | Tesla, Inc. | 1.42% | 328.4 | 158.7 | 13.5 | — | 0.14% |
| MRNA | Moderna, Inc. | 1.13% | — | 23.0 | 39.1 | — | −1.33% |
| SNDK | Sandisk Corporation | 0.95% | 17.6 | 8.0 | 9.3 | — | 1.74% |
| DDOG | Datadog, Inc. | 0.82% | 494.2 | 84.7 | 22.4 | — | 0.05% |
| APH | Amphenol Corporation | 0.81% | 39.7 | 24.6 | 6.7 | 0.63% | 0.66% |
| WAB | Westinghouse Air Brake Technologies Corporation | 0.77% | 38.6 | 23.8 | 4.0 | 0.43% | 0.65% |
| WDC | Western Digital Corporation | 0.77% | 12.3 | 22.8 | 9.6 | 0.18% | 2.01% |
| PANW | Palo Alto Networks, Inc. | 0.76% | 855.0 | 94.3 | 24.4 | — | 0.03% |
| SN | SharkNinja, Inc. | 0.75% | 38.1 | 23.1 | 3.8 | — | 0.64% |
| BA | The Boeing Company | 0.75% | 67.9 | 49.5 | 1.6 | — | 0.36% |
| GOOG | Alphabet Inc. | 0.73% | 16.9 | 21.8 | 9.2 | 0.26% | 1.39% |
| SHOP | Shopify Inc. | 0.71% | 114.5 | 58.8 | 16.6 | — | 0.20% |
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 FFLG valuation
Adding up its 90 holdings with company data, FFLG trades at 30.8 times trailing earnings and 24.0 times analysts' forward estimates, with a price-to-book ratio of 10.64 and a dividend yield of 0.38%. Its earnings yield of 3.24% is 2.08 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 57.9% of the fund and earn 72.9% of its combined profit. By sector, Healthcare is the most expensive at 144.6 times earnings and Communication Services the cheapest at 18.9. Companies that lost money over the past year are 6.1% 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 98.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FFLG chart, FFLG performance, FFLG holdings, FFLG dividends.
FFLG valuation FAQ
What is the P/E ratio of FFLG?
Based on its holdings, FFLG has a trailing P/E of 30.8 and a forward P/E of 24.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FFLG?
The trailing earnings yield is 3.24% (1 ÷ P/E) and the forward earnings yield 4.16%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FFLG more expensive than the S&P 500?
FFLG trades at 30.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 24.0 and 19.9.
What is the price-to-book ratio of FFLG?
The holdings of FFLG trade at 10.64 times book value, with a combined return on equity of 34.5%.
Which sector in FFLG has the highest P/E?
Healthcare has the highest P/E at 144.6 and Communication Services the lowest at 18.9.