Northern Lights Fund Trust IV (FMCE) Valuation
FMCE valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 25.1 trailing earnings
- Forward P/E
- 20.2 analyst estimates
- Price / sales
- 3.43
- Price / book
- 5.00
- EV / EBITDA
- 8.1
- Earnings yield
- 3.98% inverse of P/E
- Dividend yield
- 0.69% of the holdings
- Return on equity
- 19.9% combined
- Net margin
- 13.7% combined
- Beta
- 1.11 weighted, vs S&P 500
FMCE valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FMCE | 25.1 | 20.2 | 3.43 | 5.00 | 0.69% | 19.9% | 13.7% | 7.3% |
| 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.
FMCE valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 25.1% | 70.1 | 24.8 | 6.78 | 6.42 | 0.38% | 9.2% |
| Financial Services | 23.4% | 20.8 | 17.5 | 3.71 | 3.62 | 0.63% | 17.4% |
| Consumer Cyclical | 9.6% | 19.7 | 18.1 | 3.29 | 7.86 | 0.25% | 40.0% |
| Industrials | 7.7% | 10.9 | 26.9 | 2.46 | 5.48 | 0.87% | 50.1% |
| Healthcare | 6.4% | 32.4 | 20.3 | 1.65 | 3.47 | 1.24% | 10.7% |
| Communication Services | 2.5% | 26.7 | 22.1 | 7.92 | 7.26 | 0.30% | 27.2% |
| Basic Materials | 2.4% | 32.2 | 23.6 | 6.48 | 5.48 | 1.28% | 17.0% |
| Energy | 2.2% | 16.8 | 9.7 | 0.77 | 3.25 | 1.81% | 19.4% |
| Consumer Defensive | 2.2% | 29.5 | 20.9 | 7.52 | 1,318.70 | 3.12% | 4,472.8% |
FMCE 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 FMCE weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FMCE largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MSFT | Microsoft Corporation | 5.55% | 29.5 | 25.1 | 11.8 | 0.74% | 5.79% |
| INTC | Intel Corporation | 5.53% | — | 63.3 | 8.3 | — | −4.01% |
| KKR | KKR & Co. Inc. | 5.24% | 27.5 | 13.0 | 3.1 | 0.90% | 5.85% |
| AMZN | Amazon.com, Inc. | 4.71% | 20.1 | 23.6 | 3.5 | — | 7.20% |
| GCP | General Electric Company | 4.57% | — | — | — | — | — |
| HON | Honeywell International Inc. | 4.55% | 7.8 | 22.2 | 1.8 | 1.32% | 17.92% |
| V | Visa Inc. | 4.19% | 34.3 | 24.0 | 17.0 | 0.67% | 3.76% |
| BRK.B | Berkshire Hathaway Inc. | 4.03% | 13.4 | 22.7 | 3.0 | — | 9.27% |
| CRM | Salesforce, Inc. | 3.41% | 22.0 | 14.0 | 4.5 | 0.73% | 4.76% |
| GEV | GE Vernova Inc. | 3.11% | 26.4 | 38.8 | 5.9 | 0.22% | 3.62% |
| ASML | ASML Holding N.V. | 2.82% | 40.4 | 28.9 | 16.0 | 0.55% | 2.14% |
| AXP | American Express Company | 2.65% | 19.0 | 15.1 | 3.0 | 1.21% | 4.28% |
| UNH | UnitedHealth Group Incorporated | 2.60% | 25.8 | 16.6 | 0.8 | 2.31% | 3.10% |
| MA | Mastercard Incorporated | 2.56% | 34.0 | 24.2 | 15.4 | 0.56% | 2.32% |
| AZO | AutoZone, Inc. | 2.55% | 20.5 | 16.5 | 2.5 | — | 3.83% |
| META | Meta Platforms, Inc. | 2.54% | 26.7 | 22.1 | 7.9 | 0.30% | 2.92% |
| UBER | Uber Technologies, Inc. | 2.51% | 15.4 | 15.9 | 2.6 | — | 5.01% |
| SPGI | S&P Global Inc. | 2.45% | 26.1 | 19.9 | 7.9 | 0.90% | 2.88% |
| LIN | Linde plc | 2.41% | 32.2 | 23.6 | 6.5 | 1.28% | 2.30% |
| BKNG | Booking Holdings Inc. | 2.37% | 18.1 | 13.3 | 4.3 | 1.03% | 4.02% |
| PSX | Phillips 66 | 2.25% | 16.8 | 9.7 | 0.8 | 1.81% | 4.13% |
| PM | Philip Morris International Inc. | 2.25% | 29.5 | 20.9 | 7.5 | 3.12% | 2.34% |
| PGR | The Progressive Corporation | 2.23% | 11.0 | 12.7 | 1.4 | 0.18% | 6.24% |
| DHR | Danaher Corporation | 2.18% | 40.8 | 23.8 | 6.4 | 0.70% | 1.64% |
| SNPS | Synopsys, Inc. | 1.94% | 80.3 | 23.3 | 9.3 | — | 0.74% |
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 FMCE valuation
Adding up its 28 holdings with company data, FMCE trades at 25.1 times trailing earnings and 20.2 times analysts' forward estimates, with a price-to-book ratio of 5.00 and a dividend yield of 0.69%. Its earnings yield of 3.98% is 1.34 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 44.9% of the fund and earn 56.3% of its combined profit. By sector, Technology is the most expensive at 70.1 times earnings and Industrials the cheapest at 10.9. Companies that lost money over the past year are 7.3% 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 93.7% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FMCE chart, FMCE performance, FMCE holdings, FMCE dividends.
FMCE valuation FAQ
What is the P/E ratio of FMCE?
Based on its holdings, FMCE has a trailing P/E of 25.1 and a forward P/E of 20.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FMCE?
The trailing earnings yield is 3.98% (1 ÷ P/E) and the forward earnings yield 4.95%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FMCE more expensive than the S&P 500?
FMCE trades at 25.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 20.2 and 19.9.
What is the price-to-book ratio of FMCE?
The holdings of FMCE trade at 5.00 times book value, with a combined return on equity of 19.9%.
Which sector in FMCE has the highest P/E?
Technology has the highest P/E at 70.1 and Industrials the lowest at 10.9.