Federated Hermes MDT Large Cap Value ETF (FLCV) Valuation
FLCV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 21.6 trailing earnings
- Forward P/E
- 14.3 analyst estimates
- Price / sales
- 1.70
- Price / book
- 3.26
- EV / EBITDA
- 13.0
- Earnings yield
- 4.63% inverse of P/E
- Dividend yield
- 1.48% of the holdings
- Return on equity
- 15.1% combined
- Net margin
- 7.9% combined
- Beta
- 0.86 weighted, vs S&P 500
FLCV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FLCV | 21.6 | 14.3 | 1.70 | 3.26 | 1.48% | 15.1% | 7.9% | 3.4% |
| 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.
FLCV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 23.1% | 25.7 | 17.5 | 3.01 | 4.64 | 0.76% | 18.1% |
| Financial Services | 17.3% | 12.4 | 11.6 | 1.87 | 2.27 | 2.03% | 18.3% |
| Healthcare | 14.5% | 44.3 | 16.1 | 1.69 | 5.21 | 1.60% | 11.7% |
| Consumer Cyclical | 12.0% | 19.2 | 14.8 | 1.36 | 3.34 | 0.45% | 17.4% |
| Industrials | 10.0% | 25.2 | 17.5 | 1.37 | 4.82 | 1.36% | 19.1% |
| Consumer Defensive | 5.8% | 42.6 | 22.6 | 1.30 | 8.07 | 2.04% | 18.9% |
| Energy | 5.8% | 17.9 | 9.4 | 1.31 | 2.97 | 2.00% | 16.6% |
| Utilities | 3.4% | 17.3 | 14.9 | 2.18 | 1.53 | 3.59% | 8.9% |
| Real Estate | 3.2% | 36.5 | 23.6 | 3.51 | 1.53 | 2.57% | 4.2% |
| Basic Materials | 2.6% | n/m | 9.8 | 1.14 | 2.17 | 1.26% | −10.1% |
| Communication Services | 2.1% | 6.2 | 5.6 | 0.66 | 1.45 | 3.03% | 23.6% |
FLCV 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 FLCV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FLCV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 6.29% | 39.4 | 35.2 | 10.7 | 0.31% | 3.48% |
| AMZN | Amazon.com, Inc. | 5.77% | 20.1 | 23.6 | 3.5 | — | 6.26% |
| MSFT | Microsoft Corporation | 4.09% | 29.5 | 25.1 | 11.8 | 0.74% | 3.02% |
| ABBV | AbbVie Inc. | 3.09% | 80.6 | 16.4 | 7.8 | 2.42% | 0.84% |
| INTU | Intuit Inc. | 2.61% | 19.8 | 12.7 | 4.1 | 1.70% | 2.88% |
| COST | Costco Wholesale Corporation | 2.24% | 47.6 | 40.3 | 1.4 | 0.59% | 1.03% |
| TRV | The Travelers Companies, Inc. | 2.23% | 10.5 | 10.8 | 1.7 | 1.28% | 4.66% |
| FISV | Fiserv, Inc. | 1.97% | 9.1 | 5.7 | 1.2 | — | 4.71% |
| STT | State Street Corporation | 1.77% | 13.5 | 11.9 | 2.9 | 2.22% | 2.85% |
| PRU | Prudential Financial, Inc. | 1.71% | 10.5 | 9.8 | 0.6 | 4.83% | 3.56% |
| XOM | Exxon Mobil Corporation | 1.70% | 23.0 | 14.8 | 2.0 | 2.30% | 1.61% |
| JPM | JPMorgan Chase & Co. | 1.70% | 14.2 | 13.5 | 4.7 | 1.94% | 2.60% |
| BNY | The Bank of New York Mellon Corporation | 1.64% | 15.9 | 15.0 | 4.4 | 1.55% | 2.25% |
| WMT | Walmart Inc. | 1.59% | 43.0 | 38.0 | 1.3 | 0.83% | 0.81% |
| JNJ | Johnson & Johnson | 1.55% | 38.8 | 21.0 | 6.2 | 2.10% | 0.87% |
| AMP | Ameriprise Financial, Inc. | 1.51% | 12.1 | 9.8 | 2.2 | 1.36% | 2.73% |
| EXC | Exelon Corporation | 1.48% | 16.0 | 13.7 | 1.8 | 3.86% | 2.02% |
| CSCO | Cisco Systems, Inc. | 1.48% | 32.2 | 19.8 | 6.7 | 1.56% | 1.00% |
| MPC | Marathon Petroleum Corporation | 1.48% | 16.6 | 5.5 | 0.9 | 0.84% | 1.95% |
| RTX | RTX Corporation | 1.42% | 34.1 | 24.6 | 2.8 | 1.51% | 0.91% |
| GILD | Gilead Sciences, Inc. | 1.36% | — | 15.6 | 6.4 | 2.10% | −0.50% |
| VLTO | Veralto Corporation | 1.25% | 25.8 | 20.0 | 4.3 | 0.51% | 1.06% |
| ADI | Analog Devices, Inc. | 1.19% | 47.0 | 23.2 | 13.8 | 1.11% | 0.55% |
| NTRS | Northern Trust Corporation | 1.13% | 14.2 | 13.8 | 3.3 | 1.98% | 1.73% |
| TXN | Texas Instruments Incorporated | 1.13% | 42.1 | 27.5 | 13.0 | 2.20% | 0.58% |
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 FLCV valuation
Adding up its 123 holdings with company data, FLCV trades at 21.6 times trailing earnings and 14.3 times analysts' forward estimates, with a price-to-book ratio of 3.26 and a dividend yield of 1.48%. Its earnings yield of 4.63% is 0.69 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 31.8% of the fund and earn 33.3% of its combined profit. By sector, Healthcare is the most expensive at 44.3 times earnings and Communication Services the cheapest at 6.2. Companies that lost money over the past year are 3.4% 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 99.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FLCV chart, FLCV performance, FLCV holdings, FLCV dividends.
FLCV valuation FAQ
What is the P/E ratio of FLCV?
Based on its holdings, FLCV has a trailing P/E of 21.6 and a forward P/E of 14.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FLCV?
The trailing earnings yield is 4.63% (1 ÷ P/E) and the forward earnings yield 7.00%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FLCV more expensive than the S&P 500?
FLCV trades at 21.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.3 and 19.9.
What is the price-to-book ratio of FLCV?
The holdings of FLCV trade at 3.26 times book value, with a combined return on equity of 15.1%.
Which sector in FLCV has the highest P/E?
Healthcare has the highest P/E at 44.3 and Communication Services the lowest at 6.2.