Federated Hermes MDT Large Cap Growth ETF (FLCG) Valuation
FLCG valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 26.1 trailing earnings
- Forward P/E
- 21.0 analyst estimates
- Price / sales
- 5.62
- Price / book
- 8.55
- EV / EBITDA
- 19.5
- Earnings yield
- 3.82% inverse of P/E
- Dividend yield
- 0.41% of the holdings
- Return on equity
- 32.7% combined
- Net margin
- 21.5% combined
- Beta
- 1.42 weighted, vs S&P 500
FLCG valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FLCG | 26.1 | 21.0 | 5.62 | 8.55 | 0.41% | 32.7% | 21.5% | 1.7% |
| 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.
FLCG valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 58.6% | 28.9 | 21.0 | 6.74 | 10.05 | 0.36% | 34.8% |
| Communication Services | 15.6% | 18.7 | 21.8 | 7.99 | 6.80 | 0.24% | 36.4% |
| Consumer Cyclical | 8.5% | 31.6 | 23.8 | 2.90 | 7.52 | 0.09% | 23.8% |
| Healthcare | 5.6% | 36.8 | 21.1 | 8.89 | 8.30 | 0.66% | 22.6% |
| Industrials | 4.3% | 31.3 | 29.3 | 4.76 | 13.73 | 0.40% | 43.8% |
| Financial Services | 3.4% | 13.1 | 11.2 | 2.58 | 3.62 | 1.88% | 27.7% |
| Consumer Defensive | 0.9% | 47.6 | 40.3 | 1.45 | 11.97 | 0.59% | 25.1% |
| Basic Materials | 0.7% | 31.5 | 18.0 | 3.51 | 5.88 | 2.92% | 18.7% |
| Energy | 0.2% | 15.0 | 11.1 | 1.14 | 3.39 | 1.44% | 22.5% |
FLCG 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 FLCG weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FLCG largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 15.50% | 27.1 | 24.9 | 17.1 | 0.47% | 15.31% |
| GOOGL | Alphabet Inc. | 11.31% | 17.1 | 22.8 | 9.3 | 0.26% | 17.69% |
| AAPL | Apple Inc. | 8.76% | 39.4 | 35.2 | 10.7 | 0.31% | 5.94% |
| MSFT | Microsoft Corporation | 4.17% | 29.5 | 25.1 | 11.8 | 0.74% | 3.78% |
| AVGO | Broadcom Inc. | 3.27% | 43.3 | 19.4 | 17.6 | 0.79% | 2.02% |
| LLY | Eli Lilly and Company | 2.83% | 42.2 | 24.4 | 14.1 | 0.55% | 1.79% |
| CRWD | CrowdStrike Holdings, Inc. | 2.82% | — | 208.3 | 43.1 | — | 0.02% |
| TSLA | Tesla, Inc. | 2.72% | 328.4 | 158.7 | 13.5 | — | 0.22% |
| META | Meta Platforms, Inc. | 2.68% | 26.7 | 22.1 | 7.9 | 0.30% | 2.68% |
| MU | Micron Technology, Inc. | 2.58% | 11.8 | 7.0 | 7.5 | 0.07% | 5.84% |
| ANET | Arista Networks, Inc. | 2.42% | 55.8 | 39.2 | 21.2 | — | 1.16% |
| GCP | General Electric Company | 2.20% | — | — | — | — | — |
| FISV | Fiserv, Inc. | 2.19% | 9.1 | 5.7 | 1.2 | — | 6.41% |
| FTNT | Fortinet, Inc. | 1.96% | 59.8 | 45.0 | 16.5 | — | 0.87% |
| GEV | GE Vernova Inc. | 1.82% | 26.4 | 38.8 | 5.9 | 0.22% | 1.84% |
| AMP | Ameriprise Financial, Inc. | 1.59% | 12.1 | 9.8 | 2.2 | 1.36% | 3.52% |
| BNY | The Bank of New York Mellon Corporation | 1.41% | 15.9 | 15.0 | 4.4 | 1.55% | 2.38% |
| KEYS | Keysight Technologies, Inc. | 1.26% | 44.8 | 22.4 | 8.6 | — | 0.75% |
| INTU | Intuit Inc. | 1.24% | 19.8 | 12.7 | 4.1 | 1.70% | 1.68% |
| AMD | Advanced Micro Devices, Inc. | 1.14% | 134.9 | 39.5 | 20.9 | — | 0.23% |
| WDC | Western Digital Corporation | 1.08% | 12.3 | 22.8 | 9.6 | 0.18% | 2.35% |
| NFLX | Netflix, Inc. | 1.07% | 22.2 | 18.7 | 6.1 | — | 1.29% |
| FIVE | Five Below, Inc. | 1.05% | 20.0 | 22.1 | 2.3 | — | 1.41% |
| APH | Amphenol Corporation | 1.04% | 39.7 | 24.6 | 6.7 | 0.63% | 0.70% |
| VIK | Viking Holdings Ltd | 1.02% | 27.7 | 17.2 | 5.3 | — | 0.99% |
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 FLCG valuation
Adding up its 97 holdings with company data, FLCG trades at 26.1 times trailing earnings and 21.0 times analysts' forward estimates, with a price-to-book ratio of 8.55 and a dividend yield of 0.41%. Its earnings yield of 3.82% is 1.50 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 56.6% of the fund and earn 55.3% of its combined profit. By sector, Consumer Defensive is the most expensive at 47.6 times earnings and Financial Services the cheapest at 13.1. Companies that lost money over the past year are 1.7% 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 97.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FLCG chart, FLCG performance, FLCG holdings, FLCG dividends.
FLCG valuation FAQ
What is the P/E ratio of FLCG?
Based on its holdings, FLCG has a trailing P/E of 26.1 and a forward P/E of 21.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FLCG?
The trailing earnings yield is 3.82% (1 ÷ P/E) and the forward earnings yield 4.76%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FLCG more expensive than the S&P 500?
FLCG trades at 26.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 21.0 and 19.9.
What is the price-to-book ratio of FLCG?
The holdings of FLCG trade at 8.55 times book value, with a combined return on equity of 32.7%.
Which sector in FLCG has the highest P/E?
Consumer Defensive has the highest P/E at 47.6 and Financial Services the lowest at 13.1.