Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM) Valuation
FLQM valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 17.7 trailing earnings
- Forward P/E
- 13.6 analyst estimates
- Price / sales
- 1.41
- Price / book
- 3.27
- EV / EBITDA
- 12.0
- Earnings yield
- 5.65% inverse of P/E
- Dividend yield
- 1.84% of the holdings
- Return on equity
- 18.5% combined
- Net margin
- 8.0% combined
- Beta
- 0.83 weighted, vs S&P 500
FLQM valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FLQM | 17.7 | 13.6 | 1.41 | 3.27 | 1.84% | 18.5% | 8.0% | 2.2% |
| 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.
FLQM valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Healthcare | 16.4% | 24.4 | 15.3 | 1.47 | 4.31 | 0.66% | 17.7% |
| Financial Services | 16.1% | 10.4 | 10.2 | 1.61 | 1.72 | 2.18% | 16.5% |
| Consumer Cyclical | 15.6% | 16.8 | 13.9 | 1.18 | 5.98 | 1.63% | 35.6% |
| Industrials | 14.6% | 22.2 | 17.2 | 1.61 | 5.35 | 1.42% | 24.1% |
| Technology | 14.1% | 22.5 | 15.9 | 2.41 | 4.25 | 1.16% | 18.9% |
| Consumer Defensive | 9.0% | 24.7 | 13.2 | 0.58 | 4.47 | 3.24% | 18.1% |
| Energy | 5.4% | 14.4 | 11.6 | 2.77 | 1.92 | 2.33% | 13.4% |
| Real Estate | 3.2% | 30.2 | 22.4 | 6.76 | 1.92 | 5.07% | 6.4% |
| Communication Services | 2.4% | 30.2 | 8.6 | 1.33 | 2.28 | 2.51% | 7.5% |
| Utilities | 1.9% | 9.7 | 11.4 | 1.75 | 1.78 | 4.03% | 18.3% |
| Basic Materials | 1.1% | 11.2 | 13.8 | 3.32 | 4.78 | 4.04% | 42.7% |
FLQM 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 FLQM weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FLQM largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| EXPE | Expedia Group, Inc. | 1.24% | 18.0 | 11.3 | 2.2 | 0.66% | 1.22% |
| MTD | Mettler-Toledo International Inc. | 1.20% | 36.6 | 28.5 | 7.9 | — | 0.59% |
| PAYX | Paychex, Inc. | 1.19% | 22.1 | 17.5 | 6.0 | 4.26% | 0.96% |
| COR | Cencora | 1.17% | 25.3 | 15.7 | 0.2 | 0.70% | 0.83% |
| WSM | Williams-Sonoma, Inc. | 1.17% | 25.7 | 24.6 | 3.7 | 1.22% | 0.81% |
| GRMN | Garmin Ltd. | 1.15% | 29.4 | 24.8 | 7.2 | 1.47% | 0.70% |
| FAST | Fastenal Company | 1.14% | 41.5 | 37.5 | 6.4 | 2.04% | 0.49% |
| NTAP | NetApp, Inc. | 1.13% | 28.7 | 21.4 | 5.4 | 1.02% | 0.70% |
| ALL | The Allstate Corporation | 1.11% | 5.0 | 8.3 | 0.9 | 1.74% | 4.00% |
| ULTA | Ulta Beauty, Inc. | 1.10% | 21.6 | 19.6 | 2.0 | — | 0.91% |
| HPQ | HP Inc. | 1.07% | 11.5 | 9.9 | 0.5 | 4.00% | 1.66% |
| GWW | W.W. Grainger, Inc. | 1.07% | 33.9 | 24.8 | 3.3 | 0.75% | 0.56% |
| DVN | Devon Energy Corporation | 1.06% | 11.1 | 9.3 | 3.0 | 2.52% | 1.72% |
| WAT | Waters Corporation | 1.06% | 110.6 | 24.8 | 9.2 | — | 0.17% |
| AWK | American Water Works Company, Inc. | 1.06% | 23.4 | 20.0 | 5.1 | 2.65% | 0.81% |
| SYY | Sysco Corporation | 1.04% | 21.9 | 15.2 | 0.5 | 2.68% | 0.84% |
| EXPD | Expeditors International of Washington, Inc. | 1.04% | 28.5 | 24.4 | 2.1 | 0.83% | 0.65% |
| RMD | ResMed Inc. | 1.04% | 22.9 | 18.5 | 5.9 | 1.10% | 0.81% |
| HIG | The Hartford Financial Services Group, Inc. | 1.04% | 9.6 | 9.2 | 1.2 | 1.78% | 1.93% |
| ACGL | Arch Capital Group Ltd. | 1.03% | 7.9 | 9.6 | 1.8 | — | 2.33% |
| PRU | Prudential Financial, Inc. | 1.03% | 10.5 | 9.8 | 0.6 | 4.83% | 1.76% |
| CINF | Cincinnati Financial Corporation | 1.03% | 8.1 | 18.5 | 1.9 | 2.20% | 2.27% |
| KVUE | Kenvue Inc. | 1.02% | 22.0 | 14.7 | 2.4 | 4.44% | 0.83% |
| DG | Dollar General Corporation | 1.01% | 17.4 | 15.3 | 0.7 | 1.76% | 1.04% |
| TRGP | Targa Resources Corp. | 1.01% | 28.2 | 23.2 | 3.8 | 1.70% | 0.64% |
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 FLQM valuation
Adding up its 202 holdings with company data, FLQM trades at 17.7 times trailing earnings and 13.6 times analysts' forward estimates, with a price-to-book ratio of 3.27 and a dividend yield of 1.84%. Its earnings yield of 5.65% is 0.32 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 11.6% of the fund and earn 11.2% of its combined profit. By sector, Real Estate is the most expensive at 30.2 times earnings and Utilities the cheapest at 9.7. Companies that lost money over the past year are 2.2% 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 99.4% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FLQM chart, FLQM performance, FLQM holdings, FLQM dividends.
FLQM valuation FAQ
What is the P/E ratio of FLQM?
Based on its holdings, FLQM has a trailing P/E of 17.7 and a forward P/E of 13.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FLQM?
The trailing earnings yield is 5.65% (1 ÷ P/E) and the forward earnings yield 7.33%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FLQM more expensive than the S&P 500?
FLQM trades at 17.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 13.6 and 19.9.
What is the price-to-book ratio of FLQM?
The holdings of FLQM trade at 3.27 times book value, with a combined return on equity of 18.5%.
Which sector in FLQM has the highest P/E?
Real Estate has the highest P/E at 30.2 and Utilities the lowest at 9.7.