Franklin LibertyQ U.S. Small Cap Equity ETF (FLQS) Valuation
FLQS valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 22.2 trailing earnings
- Forward P/E
- 13.5 analyst estimates
- Price / sales
- 1.16
- Price / book
- 2.30
- EV / EBITDA
- 10.7
- Earnings yield
- 4.51% inverse of P/E
- Dividend yield
- 1.74% of the holdings
- Return on equity
- 10.4% combined
- Net margin
- 5.2% combined
- Beta
- 0.90 weighted, vs S&P 500
FLQS valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FLQS | 22.2 | 13.5 | 1.16 | 2.30 | 1.74% | 10.4% | 5.2% | 6.8% |
| 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.
FLQS valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 17.5% | 46.4 | 16.7 | 1.63 | 4.36 | 0.52% | 9.4% |
| Consumer Cyclical | 16.1% | 15.8 | 11.9 | 0.68 | 2.39 | 1.44% | 15.1% |
| Financial Services | 13.2% | 12.4 | 10.1 | 2.11 | 1.37 | 2.14% | 11.0% |
| Healthcare | 13.2% | 51.8 | 17.0 | 1.78 | 3.48 | 0.22% | 6.7% |
| Industrials | 11.9% | 22.1 | 14.5 | 0.93 | 2.69 | 1.57% | 12.2% |
| Consumer Defensive | 7.8% | 28.8 | 13.3 | 0.58 | 1.95 | 1.19% | 6.8% |
| Utilities | 5.6% | 20.3 | 16.4 | 2.28 | 1.47 | 3.70% | 7.2% |
| Real Estate | 5.3% | 27.0 | 16.2 | 2.82 | 1.72 | 5.47% | 6.3% |
| Energy | 4.4% | 11.2 | 9.4 | 2.61 | 1.82 | 5.86% | 16.2% |
| Basic Materials | 1.9% | 20.4 | 16.9 | 1.27 | 3.40 | 1.65% | 16.7% |
| Communication Services | 1.5% | n/m | 10.2 | 0.67 | 1.93 | 0.73% | −6.1% |
| Services | 0.4% | 14.2 | 15.3 | 1.60 | 2.99 | 2.71% | 21.0% |
FLQS 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 FLQS weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FLQS largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| ANF | Abercrombie & Fitch Co. | 1.13% | 13.2 | 10.0 | 1.2 | — | 2.00% |
| QLYS | Qualys, Inc. | 1.12% | 31.4 | 21.9 | 9.1 | — | 0.84% |
| CVLT | Commvault Systems, Inc. | 0.99% | 95.0 | 28.0 | 5.1 | — | 0.24% |
| ESNT | Essent Group Ltd. | 0.97% | 9.0 | 8.2 | 4.4 | 2.16% | 2.54% |
| PTGX | Protagonist Therapeutics, Inc. | 0.97% | 125.0 | 36.9 | 29.5 | — | 0.18% |
| ALKS | Alkermes plc | 0.96% | 108.5 | 133.3 | 4.1 | — | 0.21% |
| CAKE | The Cheesecake Factory Incorporated | 0.95% | 31.1 | 22.6 | 1.5 | 1.04% | 0.72% |
| IDCC | InterDigital, Inc | 0.95% | 37.3 | 29.9 | 10.5 | 0.94% | 0.60% |
| MOG.A | Moog Inc. | 0.87% | 31.1 | 31.7 | 2.7 | 0.33% | 0.66% |
| BOX | Box, Inc. | 0.86% | 57.3 | 17.6 | 4.4 | — | 0.35% |
| CTRE | CareTrust REIT, Inc. | 0.82% | 22.8 | 21.3 | 15.1 | 4.27% | 0.85% |
| SIGI | Selective Insurance Group, Inc. | 0.80% | 10.9 | 9.8 | 1.0 | 1.93% | 1.72% |
| FF60 | FIRSTCASH HLDGS INC.DL-01 | 0.78% | — | — | — | — | — |
| FTDR | Frontdoor, Inc. | 0.78% | 20.8 | 14.5 | 2.5 | — | 0.88% |
| HOMB | Home Bancshares, Inc. (Conway, AR) | 0.78% | 12.0 | 11.0 | 5.2 | 2.95% | 1.53% |
| COMP | Compass, Inc. | 0.77% | 152.2 | 7.2 | 0.7 | — | 0.12% |
| SXT | Sensient Technologies Corporation | 0.76% | 36.0 | 22.7 | 3.3 | 1.23% | 0.50% |
| PNM | PNM Resources Inc | 0.76% | — | — | — | — | — |
| ESE | ESCO Technologies Inc. | 0.75% | 46.2 | 25.4 | 5.0 | 0.13% | 0.38% |
| LNTH | Lantheus Holdings, Inc. | 0.75% | 24.1 | 14.3 | 4.2 | — | 0.73% |
| ACIW | ACI Worldwide, Inc. | 0.74% | 24.1 | 12.6 | 2.9 | — | 0.72% |
| SWX | Southwest Gas Holdings, Inc. | 0.73% | 21.9 | 17.4 | 3.6 | 2.95% | 0.78% |
| VSXY | Victoria's Secret & Co | 0.71% | 19.5 | 13.6 | 1.0 | — | 0.86% |
| YOU | Clear Secure, Inc. | 0.70% | 29.5 | — | 4.5 | 1.31% | 0.56% |
| SIG | Signet Jewelers Limited | 0.66% | 13.7 | 9.3 | 0.7 | 1.18% | 1.12% |
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 FLQS valuation
Adding up its 458 holdings with company data, FLQS trades at 22.2 times trailing earnings and 13.5 times analysts' forward estimates, with a price-to-book ratio of 2.30 and a dividend yield of 1.74%. Its earnings yield of 4.51% is 0.82 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 9.8% of the fund and earn 8.3% of its combined profit. By sector, Healthcare is the most expensive at 51.8 times earnings and Energy the cheapest at 11.2. Companies that lost money over the past year are 6.8% 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 94.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FLQS chart, FLQS performance, FLQS holdings, FLQS dividends.
FLQS valuation FAQ
What is the P/E ratio of FLQS?
Based on its holdings, FLQS has a trailing P/E of 22.2 and a forward P/E of 13.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FLQS?
The trailing earnings yield is 4.51% (1 ÷ P/E) and the forward earnings yield 7.39%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FLQS more expensive than the S&P 500?
FLQS trades at 22.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 13.5 and 19.9.
What is the price-to-book ratio of FLQS?
The holdings of FLQS trade at 2.30 times book value, with a combined return on equity of 10.4%.
Which sector in FLQS has the highest P/E?
Healthcare has the highest P/E at 51.8 and Energy the lowest at 11.2.