MarketDesk Focused U.S. Momentum ETF (FMTM) Valuation
FMTM valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 52.6 trailing earnings
- Forward P/E
- 19.7 analyst estimates
- Price / sales
- 3.23
- Price / book
- 7.49
- EV / EBITDA
- 20.0
- Earnings yield
- 1.90% inverse of P/E
- Dividend yield
- 0.47% of the holdings
- Return on equity
- 14.2% combined
- Net margin
- 6.2% combined
- Beta
- 1.24 weighted, vs S&P 500
FMTM valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FMTM | 52.6 | 19.7 | 3.23 | 7.49 | 0.47% | 14.2% | 6.2% | 16.2% |
| 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.
FMTM valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 49.1% | 57.8 | 29.1 | 5.97 | 10.97 | 0.19% | 19.0% |
| Healthcare | 33.7% | 77.8 | 24.4 | 6.87 | 6.72 | 0.36% | 8.6% |
| Energy | 7.6% | 13.9 | 7.0 | 0.79 | 2.82 | 1.25% | 20.2% |
| Consumer Cyclical | 3.6% | 38.1 | 23.1 | 3.82 | 8.35 | 0.00% | 21.9% |
| Financial Services | 3.3% | n/m | 5.8 | 1.37 | 164.14 | 2.14% | −1,039.6% |
| Consumer Defensive | 3.2% | 16.0 | 15.6 | 0.65 | 4.05 | 3.01% | 25.3% |
FMTM 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 FMTM weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FMTM largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| PAYC | Paycom Software, Inc. | 4.24% | 26.6 | 16.7 | 5.3 | 0.60% | 8.34% |
| MPC | Marathon Petroleum Corporation | 3.92% | 16.6 | 5.5 | 0.9 | 0.84% | 12.38% |
| CRL | Charles River Laboratories International, Inc. | 3.89% | — | 22.4 | 3.6 | — | −3.25% |
| HALO | Halozyme Therapeutics, Inc. | 3.83% | 35.6 | 11.5 | 8.3 | — | 5.63% |
| CHYM | Chime Financial, Inc. | 3.78% | 33.7 | 20.6 | 4.6 | — | 5.87% |
| DINO | HF Sinclair Corporation | 3.69% | 11.9 | 10.0 | 0.7 | 1.68% | 16.19% |
| NTAP | NetApp, Inc. | 3.63% | 28.7 | 21.4 | 5.4 | 1.02% | 6.60% |
| RVTY | Revvity, Inc. | 3.63% | 73.0 | 24.2 | 5.8 | 0.18% | 2.60% |
| SN | SharkNinja, Inc. | 3.61% | 38.1 | 23.1 | 3.8 | — | 4.97% |
| AMGN | Amgen Inc. | 3.59% | 26.9 | 16.7 | 6.1 | 2.33% | 7.00% |
| DT | Dynatrace, Inc. | 3.58% | 122.2 | 29.6 | 8.5 | — | 1.53% |
| ZBRA | Zebra Technologies Corporation | 3.49% | 33.8 | 16.9 | 3.0 | — | 5.40% |
| A | Agilent Technologies, Inc. | 3.41% | 34.1 | 23.9 | 6.6 | 0.59% | 5.24% |
| TMO | Thermo Fisher Scientific Inc. | 3.37% | 37.1 | 24.2 | 5.5 | 0.27% | 4.75% |
| NTRA | Natera, Inc. | 3.37% | — | — | 20.9 | — | −0.61% |
| RNG | RingCentral, Inc. | 3.35% | 60.4 | 14.3 | 2.4 | 0.36% | 2.90% |
| EQH | Equitable Holdings, Inc. | 3.33% | — | 5.8 | 1.4 | 2.14% | −11.05% |
| PLTR | Palantir Technologies Inc. | 3.33% | 160.4 | 85.5 | 72.6 | — | 1.09% |
| SNOW | Snowflake Inc. | 3.30% | — | 169.5 | 19.9 | — | −1.79% |
| OKTA | Okta, Inc. | 3.30% | 112.8 | 54.3 | 10.7 | — | 1.53% |
| TGT | Target Corporation | 3.19% | 16.0 | 15.6 | 0.7 | 3.01% | 10.41% |
| ILMN | Illumina, Inc. | 3.16% | 49.0 | 40.3 | 8.8 | — | 3.38% |
| PANW | Palo Alto Networks, Inc. | 3.07% | 855.0 | 94.3 | 24.4 | — | 0.19% |
| P | Everpure, Inc. | 3.04% | 169.9 | 44.8 | 9.7 | — | 0.94% |
| RGEN | Repligen Corporation | 2.97% | 240.3 | 67.1 | 14.2 | — | 0.65% |
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 FMTM valuation
Adding up its 30 holdings with company data, FMTM trades at 52.6 times trailing earnings and 19.7 times analysts' forward estimates, with a price-to-book ratio of 7.49 and a dividend yield of 0.47%. Its earnings yield of 1.90% is 3.43 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 37.8% of the fund and earn 66.3% of its combined profit. By sector, Healthcare is the most expensive at 77.8 times earnings and Energy the cheapest at 13.9. Companies that lost money over the past year are 16.2% 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 99.8% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FMTM chart, FMTM performance, FMTM holdings, FMTM dividends.
FMTM valuation FAQ
What is the P/E ratio of FMTM?
Based on its holdings, FMTM has a trailing P/E of 52.6 and a forward P/E of 19.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FMTM?
The trailing earnings yield is 1.90% (1 ÷ P/E) and the forward earnings yield 5.09%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FMTM more expensive than the S&P 500?
FMTM trades at 52.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.7 and 19.9.
What is the price-to-book ratio of FMTM?
The holdings of FMTM trade at 7.49 times book value, with a combined return on equity of 14.2%.
Which sector in FMTM has the highest P/E?
Healthcare has the highest P/E at 77.8 and Energy the lowest at 13.9.