Fidelity MSCI Industrials ETF (FIDU) Valuation
FIDU valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 29.8 trailing earnings
- Forward P/E
- 21.1 analyst estimates
- Price / sales
- 2.50
- Price / book
- 5.58
- EV / EBITDA
- 17.5
- Earnings yield
- 3.35% inverse of P/E
- Dividend yield
- 1.13% of the holdings
- Return on equity
- 18.7% combined
- Net margin
- 8.4% combined
- Beta
- 1.09 weighted, vs S&P 500
FIDU valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FIDU | 29.8 | 21.1 | 2.50 | 5.58 | 1.13% | 18.7% | 8.4% | 2.4% |
| 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.
FIDU valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 85.1% | 31.1 | 21.9 | 2.53 | 5.79 | 1.11% | 18.6% |
| Technology | 6.9% | 20.3 | 16.0 | 2.57 | 4.74 | 1.33% | 23.4% |
| Consumer Cyclical | 0.7% | 28.4 | 15.0 | 1.52 | 3.87 | 1.34% | 13.6% |
| Basic Materials | 0.5% | 25.7 | 12.3 | 1.46 | 1.56 | 1.47% | 6.1% |
| Financial Services | 0.3% | 19.5 | 12.8 | 2.90 | 2.81 | 0.67% | 14.4% |
| Utilities | 0.1% | n/m | 22.1 | 0.73 | 3.75 | 0.00% | −8.2% |
| Communication Services | 0.0% | 10.9 | 5.5 | 1.34 | 1.67 | 0.00% | 15.3% |
| Healthcare | 0.0% | 12.4 | 17.4 | 0.78 | 2.81 | 0.00% | 22.8% |
FIDU 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 FIDU weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FIDU largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| CAT | Caterpillar Inc. | 5.26% | 31.5 | 25.4 | 4.5 | 0.89% | 5.36% |
| GCP | General Electric Company | 4.63% | — | — | — | — | — |
| RTX | RTX Corporation | 3.97% | 34.1 | 24.6 | 2.8 | 1.51% | 3.73% |
| GEV | GE Vernova Inc. | 3.54% | 26.4 | 38.8 | 5.9 | 0.22% | 4.29% |
| UNP | Union Pacific Corporation | 2.53% | 23.4 | 19.3 | 6.8 | 1.97% | 3.46% |
| BA | The Boeing Company | 2.26% | 67.9 | 49.5 | 1.6 | — | 1.06% |
| DE | Deere & Company | 2.26% | 35.7 | 29.3 | 3.6 | 1.01% | 2.03% |
| ETN | Eaton Corporation plc | 2.15% | 39.8 | 27.6 | 5.1 | 1.12% | 1.73% |
| UBER | Uber Technologies, Inc. | 1.84% | 15.4 | 15.9 | 2.6 | — | 3.83% |
| ADP | Automatic Data Processing, Inc. | 1.82% | 26.4 | 22.0 | 5.2 | 2.35% | 2.21% |
| PH | Parker-Hannifin Corporation | 1.81% | 33.8 | 27.5 | 5.7 | 0.83% | 1.72% |
| LMT | Lockheed Martin Corporation | 1.66% | 20.3 | 16.2 | 1.7 | 2.61% | 2.62% |
| TT | Trane Technologies plc | 1.58% | 34.2 | 25.2 | 4.5 | 0.92% | 1.48% |
| WM | Waste Management, Inc. | 1.44% | 32.1 | 22.5 | 3.5 | 1.67% | 1.44% |
| PWR | Quanta Services, Inc. | 1.36% | 72.4 | 33.0 | 2.9 | 0.07% | 0.60% |
| MMM | 3M Company | 1.36% | 29.3 | 17.8 | 3.4 | 1.89% | 1.49% |
| HWM | Howmet Aerospace Inc. | 1.33% | 47.6 | 36.0 | 9.7 | 0.25% | 0.89% |
| EMR | Emerson Electric Co. | 1.31% | 35.3 | 21.5 | 4.9 | 1.37% | 1.19% |
| JCI | Johnson Controls International plc | 1.31% | 41.1 | 23.9 | 3.5 | 1.10% | 1.02% |
| CSX | CSX Corporation | 1.30% | 28.3 | 21.2 | 6.2 | 1.15% | 1.47% |
| GD | General Dynamics Corporation | 1.27% | 21.0 | 18.5 | 1.7 | 1.85% | 1.93% |
| VRT | Vertiv Holdings Co | 1.14% | 46.7 | 27.8 | 6.9 | 0.12% | 0.78% |
| NSC | Norfolk Southern Corporation | 1.12% | 27.9 | 22.3 | 5.9 | 1.65% | 1.29% |
| ITW | Illinois Tool Works Inc. | 1.12% | 24.7 | 21.9 | 4.7 | 2.53% | 1.45% |
| CTAS | Cintas Corporation | 1.11% | 42.1 | 36.2 | 7.3 | 0.97% | 0.84% |
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 FIDU valuation
Adding up its 340 holdings with company data, FIDU trades at 29.8 times trailing earnings and 21.1 times analysts' forward estimates, with a price-to-book ratio of 5.58 and a dividend yield of 1.13%. Its earnings yield of 3.35% is 1.98 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 30.3% of the fund and earn 29.4% of its combined profit. By sector, Industrials is the most expensive at 31.1 times earnings and Communication Services the cheapest at 10.9. Companies that lost money over the past year are 2.4% 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 93.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FIDU chart, FIDU performance, FIDU holdings, FIDU dividends.
FIDU valuation FAQ
What is the P/E ratio of FIDU?
Based on its holdings, FIDU has a trailing P/E of 29.8 and a forward P/E of 21.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FIDU?
The trailing earnings yield is 3.35% (1 ÷ P/E) and the forward earnings yield 4.73%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FIDU more expensive than the S&P 500?
FIDU trades at 29.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 21.1 and 19.9.
What is the price-to-book ratio of FIDU?
The holdings of FIDU trade at 5.58 times book value, with a combined return on equity of 18.7%.
Which sector in FIDU has the highest P/E?
Industrials has the highest P/E at 31.1 and Communication Services the lowest at 10.9.