First Trust Mid Cap Growth AlphaDEX Fund (FNY) Valuation
FNY valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 45.6 trailing earnings
- Forward P/E
- 18.8 analyst estimates
- Price / sales
- 2.04
- Price / book
- 5.07
- EV / EBITDA
- 17.9
- Earnings yield
- 2.20% inverse of P/E
- Dividend yield
- 0.70% of the holdings
- Return on equity
- 11.1% combined
- Net margin
- 4.5% combined
- Beta
- 1.20 weighted, vs S&P 500
FNY valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FNY | 45.6 | 18.8 | 2.04 | 5.07 | 0.70% | 11.1% | 4.5% | 23.2% |
| 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.
FNY valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Healthcare | 26.3% | 115.9 | 18.9 | 3.13 | 7.49 | 0.03% | 6.5% |
| Technology | 23.6% | 152.7 | 24.2 | 4.09 | 6.89 | 0.08% | 4.5% |
| Industrials | 13.6% | 33.5 | 20.8 | 1.62 | 4.96 | 0.51% | 14.8% |
| Consumer Cyclical | 9.7% | 25.9 | 15.4 | 1.71 | 7.25 | 0.49% | 28.0% |
| Financial Services | 9.4% | 21.9 | 12.2 | 0.68 | 3.17 | 1.46% | 14.5% |
| Real Estate | 6.2% | 24.1 | 18.9 | 3.07 | 2.22 | 5.54% | 9.2% |
| Consumer Defensive | 3.8% | 28.1 | 17.9 | 1.39 | 4.44 | 0.80% | 15.8% |
| Basic Materials | 2.6% | 44.2 | 22.6 | 3.45 | 4.31 | 0.58% | 9.8% |
| Communication Services | 2.6% | 50.5 | 15.0 | 3.40 | 3.16 | 0.76% | 6.3% |
| Energy | 1.2% | 14.1 | 21.8 | 2.00 | 3.52 | 0.36% | 25.0% |
| Utilities | 0.3% | 228.7 | 15.0 | 4.55 | 3.82 | 0.25% | 1.7% |
| Information Technology | 0.1% | n/m | 45.0 | 20.20 | 2.74 | 0.00% | −2.7% |
FNY 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 FNY weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FNY largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| HALO | Halozyme Therapeutics, Inc. | 0.88% | 35.6 | 11.5 | 8.3 | — | 1.16% |
| HNGE | Hinge Health, Inc. | 0.87% | 32.7 | 33.0 | 11.1 | — | 1.25% |
| RELY_old | RELY | 0.86% | — | — | — | — | — |
| DBX | Dropbox, Inc. | 0.86% | 19.7 | 10.8 | 3.1 | — | 2.05% |
| CHYM | Chime Financial, Inc. | 0.86% | 33.7 | 20.6 | 4.6 | — | 1.19% |
| GTLB | GitLab Inc. | 0.85% | — | 55.2 | 8.3 | — | −0.24% |
| COKE | Coca-Cola Consolidated, Inc. | 0.85% | 27.9 | 17.4 | 1.8 | 0.48% | 1.43% |
| HAE | Haemonetics Corporation | 0.85% | 57.1 | 20.3 | 4.0 | — | 0.70% |
| GKOS | Glaukos Corporation | 0.85% | — | — | 15.9 | — | −0.79% |
| CRL | Charles River Laboratories International, Inc. | 0.85% | — | 22.4 | 3.6 | — | −0.63% |
| CON | Concentra Group Holdings Parent, Inc. | 0.84% | 24.9 | 18.0 | 2.1 | 0.65% | 1.59% |
| PACS | PACS Group, Inc. | 0.84% | 27.4 | 15.5 | 1.3 | — | 1.44% |
| QLYS | Qualys, Inc. | 0.83% | 31.4 | 21.9 | 9.1 | — | 1.24% |
| DT | Dynatrace, Inc. | 0.83% | 122.2 | 29.6 | 8.5 | — | 0.32% |
| EXEL | Exelixis, Inc. | 0.82% | 19.6 | 13.6 | 6.3 | — | 1.95% |
| LFST | LifeStance Health Group, Inc. | 0.81% | 90.3 | 52.6 | 2.8 | — | 0.42% |
| MATX | Matson, Inc. | 0.81% | 15.8 | 19.2 | 2.0 | 0.65% | 2.41% |
| RBRK | Rubrik, Inc. | 0.80% | — | 625.0 | 15.0 | — | −0.33% |
| ZETA | Zeta Global Holdings Corp. | 0.78% | — | 24.4 | 5.0 | — | −0.01% |
| DOCU | DocuSign, Inc. | 0.78% | 45.5 | 15.1 | 4.2 | — | 0.80% |
| OSCR | Oscar Health, Inc. | 0.77% | 24.7 | 588.2 | 0.6 | — | 1.47% |
| AMRX | Amneal Pharmaceuticals, Inc. | 0.77% | 39.1 | 6.3 | 2.1 | — | 0.93% |
| CAKE | The Cheesecake Factory Incorporated | 0.77% | 31.1 | 22.6 | 1.5 | 1.04% | 1.16% |
| RNG | RingCentral, Inc. | 0.77% | 60.4 | 14.3 | 2.4 | 0.36% | 0.60% |
| BOX | Box, Inc. | 0.76% | 57.3 | 17.6 | 4.4 | — | 0.63% |
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 FNY valuation
Adding up its 220 holdings with company data, FNY trades at 45.6 times trailing earnings and 18.8 times analysts' forward estimates, with a price-to-book ratio of 5.07 and a dividend yield of 0.70%. Its earnings yield of 2.20% is 3.13 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 8.6% of the fund and earn 7.7% of its combined profit. By sector, Utilities is the most expensive at 228.7 times earnings and Energy the cheapest at 14.1. Companies that lost money over the past year are 23.2% 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 97.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FNY chart, FNY performance, FNY holdings.
FNY valuation FAQ
What is the P/E ratio of FNY?
Based on its holdings, FNY has a trailing P/E of 45.6 and a forward P/E of 18.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FNY?
The trailing earnings yield is 2.20% (1 ÷ P/E) and the forward earnings yield 5.33%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FNY more expensive than the S&P 500?
FNY trades at 45.6 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 18.8 and 19.9.
What is the price-to-book ratio of FNY?
The holdings of FNY trade at 5.07 times book value, with a combined return on equity of 11.1%.
Which sector in FNY has the highest P/E?
Utilities has the highest P/E at 228.7 and Energy the lowest at 14.1.