First Trust Mid Cap Value AlphaDEX Fund (FNK) Valuation
FNK valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 11.4 trailing earnings
- Forward P/E
- 10.0 analyst estimates
- Price / sales
- 0.95
- Price / book
- 1.53
- EV / EBITDA
- 7.6
- Earnings yield
- 8.77% inverse of P/E
- Dividend yield
- 2.30% of the holdings
- Return on equity
- 13.4% combined
- Net margin
- 8.3% combined
- Beta
- 0.87 weighted, vs S&P 500
FNK valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FNK | 11.4 | 10.0 | 0.95 | 1.53 | 2.30% | 13.4% | 8.3% | 1.4% |
| 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.
FNK valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 27.2% | 9.2 | 9.1 | 1.71 | 1.29 | 2.47% | 14.1% |
| Consumer Cyclical | 19.2% | 11.0 | 10.2 | 0.59 | 1.85 | 1.63% | 16.9% |
| Energy | 12.0% | 11.0 | 8.6 | 1.40 | 1.29 | 2.19% | 11.7% |
| Industrials | 11.1% | 17.6 | 11.4 | 0.79 | 1.96 | 1.31% | 11.1% |
| Technology | 5.7% | 8.9 | 9.9 | 0.60 | 2.42 | 0.56% | 27.2% |
| Utilities | 5.5% | 18.4 | 14.1 | 2.03 | 1.47 | 3.74% | 8.0% |
| Consumer Defensive | 5.4% | 14.6 | 9.3 | 0.45 | 1.90 | 3.43% | 13.0% |
| Real Estate | 4.0% | 16.9 | 19.5 | 4.12 | 1.33 | 7.56% | 7.9% |
| Basic Materials | 3.6% | 16.6 | 10.4 | 1.02 | 1.74 | 1.99% | 10.5% |
| Healthcare | 3.4% | 12.1 | 12.0 | 1.46 | 1.86 | 0.26% | 15.4% |
| Communication Services | 2.4% | 10.2 | 9.2 | 0.94 | 0.90 | 3.52% | 8.8% |
FNK 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 FNK weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FNK largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| APA | APA Corporation | 0.88% | 10.4 | 9.4 | 2.0 | 2.03% | 0.97% |
| AR | Antero Resources Corporation | 0.85% | 11.1 | 9.0 | 2.1 | — | 0.88% |
| LYFT | Lyft, Inc. | 0.84% | 2.5 | 9.3 | 0.9 | — | 3.89% |
| MUR | Murphy Oil Corporation | 0.84% | 20.7 | 13.4 | 2.0 | 3.35% | 0.47% |
| ADT | ADT Inc. | 0.82% | 9.4 | 6.3 | 1.0 | 3.20% | 1.01% |
| CNX | CNX Resources Corporation | 0.82% | 5.8 | 8.4 | 2.5 | — | 1.62% |
| MTDR | Matador Resources Company | 0.82% | 9.9 | 5.5 | 1.9 | 2.61% | 0.95% |
| RNR | RenaissanceRe Holdings Ltd. | 0.81% | 6.1 | 8.1 | 1.3 | 0.47% | 1.55% |
| RRC | Range Resources Corporation | 0.81% | 11.9 | 10.0 | 3.1 | 0.93% | 0.78% |
| ESNT | Essent Group Ltd. | 0.81% | 9.0 | 8.2 | 4.4 | 2.16% | 1.03% |
| SR | Spire Inc. | 0.80% | 23.8 | 14.9 | 1.8 | 4.02% | 0.39% |
| RDN | Radian Group Inc. | 0.79% | 8.4 | 6.3 | 2.7 | 3.00% | 1.08% |
| PBF | PBF Energy Inc. | 0.79% | 7.4 | 8.4 | 0.3 | 1.30% | 1.21% |
| SWX | Southwest Gas Holdings, Inc. | 0.78% | 21.9 | 17.4 | 3.6 | 2.95% | 0.41% |
| FAF | First American Financial Corporation | 0.78% | 9.0 | 9.4 | 0.8 | 3.76% | 1.00% |
| WTM | White Mountains Insurance Group, Ltd. | 0.78% | 4.9 | 13.9 | 1.7 | 0.05% | 1.82% |
| SM | SM Energy Company | 0.78% | 7.0 | 4.4 | 1.9 | 2.23% | 1.28% |
| CHRD | Chord Energy Corporation | 0.78% | 10.4 | — | 1.4 | 3.36% | 0.86% |
| EG | Everest Group, Ltd. | 0.77% | 8.2 | 6.2 | 0.9 | 2.06% | 1.07% |
| BYD | Boyd Gaming Corporation | 0.76% | 3.1 | 8.4 | 1.2 | 1.14% | 2.88% |
| NFG | National Fuel Gas Company | 0.76% | 11.1 | 9.8 | 3.0 | 2.78% | 0.79% |
| SIRI | Sirius XM Holdings Inc | 0.76% | 10.8 | 8.1 | 1.1 | 4.00% | 0.81% |
| MTG | MGIC Investment Corporation | 0.76% | 8.7 | 8.7 | 4.8 | 2.44% | 1.00% |
| SON | Sonoco Products Company | 0.75% | 7.7 | 7.9 | 0.7 | 4.34% | 1.13% |
| CMC | Commercial Metals Company | 0.75% | 11.1 | 10.4 | 0.8 | 1.23% | 0.78% |
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 FNK valuation
Adding up its 222 holdings with company data, FNK trades at 11.4 times trailing earnings and 10.0 times analysts' forward estimates, with a price-to-book ratio of 1.53 and a dividend yield of 2.30%. Its earnings yield of 8.77% is 3.44 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 8.3% of the fund and earn 13.2% of its combined profit. By sector, Utilities is the most expensive at 18.4 times earnings and Technology the cheapest at 8.9. Companies that lost money over the past year are 1.4% 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 98.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FNK chart, FNK performance, FNK holdings, FNK dividends.
FNK valuation FAQ
What is the P/E ratio of FNK?
Based on its holdings, FNK has a trailing P/E of 11.4 and a forward P/E of 10.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FNK?
The trailing earnings yield is 8.77% (1 ÷ P/E) and the forward earnings yield 9.95%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FNK more expensive than the S&P 500?
FNK trades at 11.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 10.0 and 19.9.
What is the price-to-book ratio of FNK?
The holdings of FNK trade at 1.53 times book value, with a combined return on equity of 13.4%.
Which sector in FNK has the highest P/E?
Utilities has the highest P/E at 18.4 and Technology the lowest at 8.9.