The Future Fund Active ETF (FFND) Valuation
FFND valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 30.6 trailing earnings
- Forward P/E
- 20.5 analyst estimates
- Price / sales
- 1.62
- Price / book
- 4.46
- EV / EBITDA
- 17.1
- Earnings yield
- 3.26% inverse of P/E
- Dividend yield
- 1.05% of the holdings
- Return on equity
- 14.5% combined
- Net margin
- 5.3% combined
- Beta
- 1.08 weighted, vs S&P 500
FFND valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FFND | 30.6 | 20.5 | 1.62 | 4.46 | 1.05% | 14.5% | 5.3% | 9.2% |
| 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.
FFND valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 27.1% | 45.6 | 26.6 | 3.55 | 7.22 | 0.61% | 15.8% |
| Industrials | 13.4% | 44.2 | 26.7 | 3.03 | 3.90 | 0.68% | 8.8% |
| Healthcare | 12.9% | 56.6 | 20.5 | 7.81 | 7.43 | 0.28% | 13.1% |
| Financial Services | 11.7% | 16.6 | 12.5 | 2.32 | 2.40 | 2.28% | 14.5% |
| Consumer Cyclical | 10.2% | 24.1 | 19.7 | 1.30 | 4.57 | 0.80% | 18.9% |
| Communication Services | 7.2% | 23.6 | 17.5 | 1.29 | 3.30 | 0.97% | 14.0% |
| Consumer Defensive | 3.6% | 14.1 | 29.2 | 0.14 | 5.40 | 2.61% | 38.3% |
| Energy | 2.5% | 23.1 | 13.3 | 1.10 | 2.46 | 2.79% | 10.6% |
| Utilities | 1.8% | 20.6 | 14.6 | 3.49 | 1.72 | 4.13% | 8.3% |
| Real Estate | 1.1% | 63.4 | 52.1 | 9.82 | 7.27 | 2.09% | 11.5% |
FFND 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 FFND weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FFND largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 5.20% | 39.4 | 35.2 | 10.7 | 0.31% | 5.00% |
| AMZN | Amazon.com, Inc. | 4.19% | 20.1 | 23.6 | 3.5 | — | 7.88% |
| NVDA | NVIDIA Corporation | 3.20% | 27.1 | 24.9 | 17.1 | 0.47% | 4.47% |
| MSFT | Microsoft Corporation | 2.97% | 29.5 | 25.1 | 11.8 | 0.74% | 3.82% |
| GOOGL | Alphabet Inc. | 2.65% | 17.1 | 22.8 | 9.3 | 0.26% | 5.88% |
| HALO | Halozyme Therapeutics, Inc. | 1.96% | 35.6 | 11.5 | 8.3 | — | 2.08% |
| AVGO | Broadcom Inc. | 1.92% | 43.3 | 19.4 | 17.6 | 0.79% | 1.68% |
| VRTX | Vertex Pharmaceuticals Incorporated | 1.67% | 28.9 | 24.1 | 10.1 | — | 2.18% |
| XYZ | Block, Inc | 1.48% | 139.1 | 14.5 | 1.9 | — | 0.40% |
| META | Meta Platforms, Inc. | 1.44% | 26.7 | 22.1 | 7.9 | 0.30% | 2.04% |
| ERJ | Embraer SA ADR | 1.41% | — | — | — | — | — |
| TMO | Thermo Fisher Scientific Inc. | 1.39% | 37.1 | 24.2 | 5.5 | 0.27% | 1.42% |
| JNJ | Johnson & Johnson | 1.34% | 38.8 | 21.0 | 6.2 | 2.10% | 1.31% |
| UBSG | UBS Group AG | 1.34% | — | — | — | — | — |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 1.31% | 26.7 | 21.4 | 0.4 | 0.91% | 1.85% |
| BAESY | BAE Systems PLC | 1.30% | — | — | — | — | — |
| V | Visa Inc. | 1.28% | 34.3 | 24.0 | 17.0 | 0.67% | 1.42% |
| S | SentinelOne, Inc. | 1.27% | — | 75.2 | 6.8 | — | −2.21% |
| HQY | HealthEquity, Inc. | 1.24% | 33.2 | 19.7 | 5.6 | — | 1.42% |
| GD | General Dynamics Corporation | 1.23% | 21.0 | 18.5 | 1.7 | 1.85% | 2.23% |
| JPM | JPMorgan Chase & Co. | 1.23% | 14.2 | 13.5 | 4.7 | 1.94% | 3.26% |
| GH | Guardant Health, Inc. | 1.21% | — | — | 18.0 | — | −1.01% |
| SNE | Sony Corporation | 1.21% | — | — | — | — | — |
| D | Dominion Energy, Inc. | 1.17% | 22.0 | 15.9 | 3.1 | 4.20% | 2.02% |
| BAC | Bank of America Corporation | 1.13% | 12.2 | 10.8 | 3.1 | 2.50% | 3.51% |
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 FFND valuation
Adding up its 70 holdings with company data, FFND trades at 30.6 times trailing earnings and 20.5 times analysts' forward estimates, with a price-to-book ratio of 4.46 and a dividend yield of 1.05%. Its earnings yield of 3.26% is 2.06 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 26.7% of the fund and earn 35.4% of its combined profit. By sector, Real Estate is the most expensive at 63.4 times earnings and Consumer Defensive the cheapest at 14.1. Companies that lost money over the past year are 9.2% 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 85.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FFND chart, FFND performance, FFND holdings, FFND dividends.
FFND valuation FAQ
What is the P/E ratio of FFND?
Based on its holdings, FFND has a trailing P/E of 30.6 and a forward P/E of 20.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FFND?
The trailing earnings yield is 3.26% (1 ÷ P/E) and the forward earnings yield 4.89%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FFND more expensive than the S&P 500?
FFND trades at 30.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 20.5 and 19.9.
What is the price-to-book ratio of FFND?
The holdings of FFND trade at 4.46 times book value, with a combined return on equity of 14.5%.
Which sector in FFND has the highest P/E?
Real Estate has the highest P/E at 63.4 and Consumer Defensive the lowest at 14.1.