Federated Hermes MDT Large Cap Core ETF (FLCC) Valuation
FLCC valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.0 trailing earnings
- Forward P/E
- 16.9 analyst estimates
- Price / sales
- 2.55
- Price / book
- 4.62
- EV / EBITDA
- 15.5
- Earnings yield
- 4.17% inverse of P/E
- Dividend yield
- 0.96% of the holdings
- Return on equity
- 19.3% combined
- Net margin
- 10.6% combined
- Beta
- 1.13 weighted, vs S&P 500
FLCC valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FLCC | 24.0 | 16.9 | 2.55 | 4.62 | 0.96% | 19.3% | 10.6% | 3.0% |
| 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.
FLCC valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 40.1% | 29.6 | 20.1 | 6.27 | 7.68 | 0.50% | 25.9% |
| Healthcare | 11.3% | 39.4 | 17.0 | 1.74 | 6.03 | 1.52% | 15.3% |
| Financial Services | 11.0% | 12.6 | 11.7 | 1.89 | 2.33 | 2.07% | 18.5% |
| Consumer Cyclical | 9.6% | 20.5 | 15.6 | 1.39 | 3.92 | 0.37% | 19.1% |
| Communication Services | 8.2% | 15.1 | 16.0 | 3.44 | 5.10 | 0.25% | 33.7% |
| Industrials | 6.6% | 27.5 | 20.5 | 1.97 | 6.00 | 1.10% | 21.8% |
| Consumer Defensive | 3.3% | 38.0 | 31.9 | 1.50 | 11.40 | 1.20% | 30.0% |
| Energy | 2.8% | 17.6 | 9.5 | 1.27 | 3.14 | 1.82% | 17.9% |
| Basic Materials | 2.3% | n/m | 9.7 | 1.24 | 2.21 | 1.05% | −3.5% |
| Real Estate | 1.5% | 32.6 | 31.7 | 4.27 | 1.10 | 3.98% | 3.4% |
| Utilities | 1.0% | 17.4 | 14.8 | 2.12 | 1.60 | 3.70% | 9.2% |
FLCC 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 FLCC weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FLCC largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 8.10% | 27.1 | 24.9 | 17.1 | 0.47% | 7.35% |
| AAPL | Apple Inc. | 7.32% | 39.4 | 35.2 | 10.7 | 0.31% | 4.56% |
| GOOGL | Alphabet Inc. | 5.38% | 17.1 | 22.8 | 9.3 | 0.26% | 7.73% |
| MSFT | Microsoft Corporation | 3.60% | 29.5 | 25.1 | 11.8 | 0.74% | 3.00% |
| AMZN | Amazon.com, Inc. | 3.09% | 20.1 | 23.6 | 3.5 | — | 3.77% |
| ABBV | AbbVie Inc. | 2.47% | 80.6 | 16.4 | 7.8 | 2.42% | 0.75% |
| COST | Costco Wholesale Corporation | 2.26% | 47.6 | 40.3 | 1.4 | 0.59% | 1.16% |
| AVGO | Broadcom Inc. | 2.10% | 43.3 | 19.4 | 17.6 | 0.79% | 1.19% |
| FISV | Fiserv, Inc. | 2.06% | 9.1 | 5.7 | 1.2 | — | 5.54% |
| GCP | General Electric Company | 1.82% | — | — | — | — | — |
| FTNT | Fortinet, Inc. | 1.78% | 59.8 | 45.0 | 16.5 | — | 0.73% |
| STT | State Street Corporation | 1.67% | 13.5 | 11.9 | 2.9 | 2.22% | 3.03% |
| CRWD | CrowdStrike Holdings, Inc. | 1.57% | — | 208.3 | 43.1 | — | 0.01% |
| BNY | The Bank of New York Mellon Corporation | 1.52% | 15.9 | 15.0 | 4.4 | 1.55% | 2.35% |
| INTU | Intuit Inc. | 1.47% | 19.8 | 12.7 | 4.1 | 1.70% | 1.83% |
| TRV | The Travelers Companies, Inc. | 1.42% | 10.5 | 10.8 | 1.7 | 1.28% | 3.34% |
| LLY | Eli Lilly and Company | 1.31% | 42.2 | 24.4 | 14.1 | 0.55% | 0.76% |
| NTRS | Northern Trust Corporation | 1.27% | 14.2 | 13.8 | 3.3 | 1.98% | 2.19% |
| AMP | Ameriprise Financial, Inc. | 1.26% | 12.1 | 9.8 | 2.2 | 1.36% | 2.56% |
| TXN | Texas Instruments Incorporated | 1.26% | 42.1 | 27.5 | 13.0 | 2.20% | 0.74% |
| PRU | Prudential Financial, Inc. | 1.25% | 10.5 | 9.8 | 0.6 | 4.83% | 2.93% |
| NFLX | Netflix, Inc. | 1.14% | 22.2 | 18.7 | 6.1 | — | 1.26% |
| RTX | RTX Corporation | 1.03% | 34.1 | 24.6 | 2.8 | 1.51% | 0.74% |
| VLTO | Veralto Corporation | 1.02% | 25.8 | 20.0 | 4.3 | 0.51% | 0.97% |
| META | Meta Platforms, Inc. | 1.01% | 26.7 | 22.1 | 7.9 | 0.30% | 0.92% |
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 FLCC valuation
Adding up its 147 holdings with company data, FLCC trades at 24.0 times trailing earnings and 16.9 times analysts' forward estimates, with a price-to-book ratio of 4.62 and a dividend yield of 0.96%. Its earnings yield of 4.17% is 1.15 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 38.2% of the fund and earn 35.8% of its combined profit. By sector, Healthcare is the most expensive at 39.4 times earnings and Financial Services the cheapest at 12.6. Companies that lost money over the past year are 3.0% 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: FLCC chart, FLCC performance, FLCC holdings, FLCC dividends.
FLCC valuation FAQ
What is the P/E ratio of FLCC?
Based on its holdings, FLCC has a trailing P/E of 24.0 and a forward P/E of 16.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FLCC?
The trailing earnings yield is 4.17% (1 ÷ P/E) and the forward earnings yield 5.93%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FLCC more expensive than the S&P 500?
FLCC trades at 24.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.9 and 19.9.
What is the price-to-book ratio of FLCC?
The holdings of FLCC trade at 4.62 times book value, with a combined return on equity of 19.3%.
Which sector in FLCC has the highest P/E?
Healthcare has the highest P/E at 39.4 and Financial Services the lowest at 12.6.