American Century Focused Large Cap Value ETF (FLV) Valuation
FLV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 21.0 trailing earnings
- Forward P/E
- 16.3 analyst estimates
- Price / sales
- 2.60
- Price / book
- 3.11
- EV / EBITDA
- 13.3
- Earnings yield
- 4.75% inverse of P/E
- Dividend yield
- 2.02% of the holdings
- Return on equity
- 14.8% combined
- Net margin
- 12.3% combined
- Beta
- 0.81 weighted, vs S&P 500
FLV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FLV | 21.0 | 16.3 | 2.60 | 3.11 | 2.02% | 14.8% | 12.3% | 1.2% |
| 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.
FLV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 19.7% | 15.5 | 13.5 | 2.83 | 2.01 | 1.86% | 12.9% |
| Technology | 16.7% | 28.3 | 22.8 | 7.24 | 6.77 | 0.97% | 23.9% |
| Healthcare | 15.1% | 29.6 | 14.8 | 1.74 | 2.75 | 2.28% | 9.3% |
| Consumer Defensive | 11.2% | 21.8 | 16.9 | 2.35 | 9.53 | 3.44% | 43.8% |
| Industrials | 10.6% | 24.0 | 17.7 | 2.32 | 4.18 | 1.81% | 17.4% |
| Consumer Cyclical | 6.4% | 19.1 | 18.5 | 2.38 | 3.62 | 0.83% | 18.9% |
| Energy | 6.2% | 17.3 | 14.1 | 1.74 | 1.99 | 2.84% | 11.5% |
| Utilities | 5.3% | 18.7 | 16.4 | 3.37 | 1.68 | 3.23% | 9.0% |
| Communication Services | 1.2% | 17.1 | 22.8 | 9.34 | 6.90 | 0.26% | 40.4% |
FLV 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 FLV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FLV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MSFT | Microsoft Corporation | 5.25% | 29.5 | 25.1 | 11.8 | 0.74% | 4.01% |
| DUK | Duke Energy Corporation | 3.79% | 18.3 | 15.9 | 2.9 | 3.57% | 4.67% |
| AAPL | Apple Inc. | 3.56% | 39.4 | 35.2 | 10.7 | 0.31% | 2.03% |
| MRSH | Marsh & McLennan Companies, Inc. | 3.55% | 22.5 | 15.0 | 3.2 | 2.10% | 3.55% |
| AMZN | Amazon.com, Inc. | 3.55% | 20.1 | 23.6 | 3.5 | — | 3.98% |
| BLK | BlackRock, Inc. | 3.17% | 25.8 | 16.4 | 6.5 | 2.02% | 2.76% |
| BRK.B | Berkshire Hathaway Inc. | 3.16% | 13.4 | 22.7 | 3.0 | — | 5.31% |
| BDX | Becton, Dickinson and Company | 3.00% | 44.6 | 13.7 | 2.3 | 2.19% | 1.52% |
| JNJ | Johnson & Johnson | 2.92% | 38.8 | 21.0 | 6.2 | 2.10% | 1.69% |
| CVX | Chevron Corporation | 2.78% | 21.2 | 15.2 | 2.1 | 3.16% | 2.95% |
| JPM | JPMorgan Chase & Co. | 2.64% | 14.2 | 13.5 | 4.7 | 1.94% | 4.17% |
| KMB | Kimberly-Clark Corporation | 2.51% | 20.8 | 13.1 | 2.1 | 4.85% | 2.71% |
| MDT | Medtronic plc | 2.40% | 23.3 | 14.9 | 3.2 | 3.04% | 2.32% |
| PEP | PepsiCo, Inc. | 2.37% | 16.5 | 14.9 | 1.8 | 4.50% | 3.22% |
| BKR | Baker Hughes Company | 2.25% | 17.9 | 18.0 | 2.0 | 1.65% | 2.82% |
| TFC | Truist Financial Corporation | 2.18% | 10.8 | 9.6 | 3.0 | 4.47% | 4.53% |
| UL | Unilever PLC | 2.15% | 13.4 | 16.4 | 2.8 | 3.21% | 3.62% |
| UNH | UnitedHealth Group Incorporated | 2.10% | 25.8 | 16.6 | 0.8 | 2.31% | 1.83% |
| NSC | Norfolk Southern Corporation | 2.01% | 27.9 | 22.3 | 5.9 | 1.65% | 1.62% |
| AOS | A. O. Smith Corporation | 1.99% | 16.5 | 13.8 | 2.1 | 2.57% | 2.71% |
| SCHW | The Charles Schwab Corporation | 1.96% | 15.7 | 12.9 | 5.9 | 1.39% | 2.81% |
| ADI | Analog Devices, Inc. | 1.85% | 47.0 | 23.2 | 13.8 | 1.11% | 0.89% |
| TEL | TE Connectivity Ltd. | 1.80% | 20.8 | 16.6 | 3.2 | 1.47% | 1.94% |
| CL | Colgate-Palmolive Company | 1.76% | 37.1 | 21.0 | 3.6 | 2.25% | 1.07% |
| CSCO | Cisco Systems, Inc. | 1.67% | 32.2 | 19.8 | 6.7 | 1.56% | 1.16% |
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 FLV valuation
Adding up its 45 holdings with company data, FLV trades at 21.0 times trailing earnings and 16.3 times analysts' forward estimates, with a price-to-book ratio of 3.11 and a dividend yield of 2.02%. Its earnings yield of 4.75% is 0.58 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 34.7% of the fund and earn 32.5% of its combined profit. By sector, Healthcare is the most expensive at 29.6 times earnings and Financial Services the cheapest at 15.5. Companies that lost money over the past year are 1.2% 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 97.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FLV chart, FLV performance, FLV holdings, FLV dividends.
FLV valuation FAQ
What is the P/E ratio of FLV?
Based on its holdings, FLV has a trailing P/E of 21.0 and a forward P/E of 16.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FLV?
The trailing earnings yield is 4.75% (1 ÷ P/E) and the forward earnings yield 6.12%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FLV more expensive than the S&P 500?
FLV trades at 21.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.3 and 19.9.
What is the price-to-book ratio of FLV?
The holdings of FLV trade at 3.11 times book value, with a combined return on equity of 14.8%.
Which sector in FLV has the highest P/E?
Healthcare has the highest P/E at 29.6 and Financial Services the lowest at 15.5.