MicroSectors Travel -3X Inverse Leveraged ETNs (FLYD) Valuation
FLYD valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.7 trailing earnings
- Forward P/E
- 10.9 analyst estimates
- Price / sales
- 0.80
- Price / book
- 4.48
- EV / EBITDA
- 12.8
- Earnings yield
- 4.05% inverse of P/E
- Dividend yield
- 0.74% of the holdings
- Return on equity
- 18.2% combined
- Net margin
- 3.2% combined
- Beta
- 1.43 weighted, vs S&P 500
FLYD valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FLYD | 24.7 | 10.9 | 0.80 | 4.48 | 0.74% | 18.2% | 3.2% | 15.3% |
| 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.
FLYD valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Consumer Cyclical | 50.9% | 19.7 | 13.9 | 2.08 | 7.28 | 1.06% | 36.9% |
| Industrials | 25.5% | n/m | 6.2 | 0.28 | 3.64 | 0.37% | −5.0% |
| Technology | 15.4% | 10.5 | 15.1 | 2.20 | 4.57 | 0.00% | 43.5% |
| Communication Services | 7.9% | 22.8 | 13.8 | 1.93 | 1.62 | 1.36% | 7.1% |
| Real Estate | 0.1% | 32.1 | 50.3 | 7.11 | 3.83 | 0.94% | 11.9% |
FLYD 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 FLYD weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FLYD largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| UBER | Uber Technologies, Inc. | 11.18% | 15.4 | 15.9 | 2.6 | — | 17.92% |
| BKNG | Booking Holdings Inc. | 10.24% | 18.1 | 13.3 | 4.3 | 1.03% | 13.96% |
| DIS | The Walt Disney Company | 7.90% | 22.8 | 13.8 | 1.9 | 1.36% | 8.56% |
| AAL | American Airlines Group Inc. | 7.90% | — | 5.3 | 0.1 | — | −8.05% |
| RCL | Royal Caribbean Cruises Ltd. | 4.98% | 17.1 | 11.4 | 4.0 | 2.16% | 7.18% |
| UAL | United Airlines Holdings, Inc. | 4.56% | 9.0 | 7.4 | 0.5 | — | 12.53% |
| DAL | Delta Air Lines, Inc. | 4.56% | 15.0 | 9.2 | 0.7 | 1.14% | 7.50% |
| CCL | Carnival Corporation & plc | 4.51% | 11.4 | 8.4 | 1.3 | 1.74% | 9.77% |
| ABNB | Airbnb, Inc. | 4.47% | 39.6 | 25.4 | 7.9 | — | 2.79% |
| HLT | Hilton Worldwide Holdings Inc. | 4.32% | 50.6 | 28.7 | 15.2 | 0.17% | 2.11% |
| MAR | Marriott International, Inc. | 3.90% | 40.1 | 26.5 | 13.7 | 0.75% | 2.40% |
| EXPE | Expedia Group, Inc. | 3.65% | 18.0 | 11.3 | 2.2 | 0.66% | 5.00% |
| NCLH | Norwegian Cruise Line Holdings Ltd. | 2.72% | 9.3 | 8.5 | 0.7 | — | 7.23% |
| JOBY | Joby Aviation, Inc. | 2.57% | — | — | 39.9 | — | −13.21% |
| LUV | Southwest Airlines Co. | 2.36% | 24.7 | 8.3 | 0.6 | 1.82% | 2.37% |
| TOST | Toast, Inc. | 2.32% | 40.0 | 17.6 | 2.7 | — | 1.43% |
| CAR | Avis Budget Group, Inc. | 2.11% | — | 3.4 | 0.3 | — | −9.19% |
| LVS | Las Vegas Sands Corp. | 2.11% | 14.8 | 11.2 | 1.8 | 3.16% | 3.52% |
| VIK | Viking Holdings Ltd | 1.75% | 27.7 | 17.2 | 5.3 | — | 1.56% |
| LYFT | Lyft, Inc. | 1.70% | 2.5 | 9.3 | 0.9 | — | 16.81% |
| MGM | MGM Resorts International | 1.26% | 17.7 | 17.4 | 0.4 | — | 1.76% |
| WYNN | Wynn Resorts, Limited | 1.25% | 18.1 | 13.9 | 1.1 | 1.32% | 1.70% |
| CZR | Caesars Entertainment, Inc. | 1.20% | — | 51.0 | 0.5 | — | −2.34% |
| ALK | Alaska Air Group, Inc. | 1.15% | — | 7.4 | 0.3 | — | −1.29% |
| H | Hyatt Hotels Corporation | 1.06% | 208.8 | 27.9 | 4.7 | 0.35% | 0.13% |
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 FLYD valuation
Adding up its 34 holdings with company data, FLYD trades at 24.7 times trailing earnings and 10.9 times analysts' forward estimates, with a price-to-book ratio of 4.48 and a dividend yield of 0.74%. Its earnings yield of 4.05% is 1.27 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 64.6% of the fund and earn 74.3% of its combined profit. By sector, Real Estate is the most expensive at 32.1 times earnings and Technology the cheapest at 10.5. Companies that lost money over the past year are 15.3% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FLYD chart, FLYD performance, FLYD holdings.
FLYD valuation FAQ
What is the P/E ratio of FLYD?
Based on its holdings, FLYD has a trailing P/E of 24.7 and a forward P/E of 10.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FLYD?
The trailing earnings yield is 4.05% (1 ÷ P/E) and the forward earnings yield 9.20%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FLYD more expensive than the S&P 500?
FLYD trades at 24.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 10.9 and 19.9.
What is the price-to-book ratio of FLYD?
The holdings of FLYD trade at 4.48 times book value, with a combined return on equity of 18.2%.
Which sector in FLYD has the highest P/E?
Real Estate has the highest P/E at 32.1 and Technology the lowest at 10.5.