Franklin Dividend Growth ETF (FRIZ) Valuation
FRIZ valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 27.9 trailing earnings
- Forward P/E
- 20.1 analyst estimates
- Price / sales
- 3.95
- Price / book
- 5.76
- EV / EBITDA
- 17.0
- Earnings yield
- 3.59% inverse of P/E
- Dividend yield
- 1.51% of the holdings
- Return on equity
- 20.7% combined
- Net margin
- 14.2% combined
- Beta
- 0.85 weighted, vs S&P 500
FRIZ valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FRIZ | 27.9 | 20.1 | 3.95 | 5.76 | 1.51% | 20.7% | 14.2% | 0.0% |
| 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.
FRIZ valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 22.8% | 34.7 | 24.5 | 10.85 | 11.15 | 0.76% | 32.1% |
| Financial Services | 18.1% | 20.6 | 16.0 | 4.75 | 4.20 | 1.60% | 20.4% |
| Healthcare | 16.5% | 39.6 | 19.5 | 3.21 | 6.27 | 1.65% | 15.8% |
| Industrials | 10.9% | 35.9 | 24.1 | 3.35 | 5.74 | 1.19% | 16.0% |
| Consumer Defensive | 9.4% | 31.3 | 26.5 | 2.59 | 10.40 | 1.99% | 33.2% |
| Consumer Cyclical | 6.5% | 22.3 | 19.1 | 2.18 | 8.85 | 1.63% | 39.7% |
| Energy | 4.7% | 16.9 | 12.9 | 2.38 | 2.19 | 2.96% | 13.0% |
| Basic Materials | 3.6% | 31.8 | 23.6 | 4.98 | 7.17 | 1.17% | 22.6% |
| Utilities | 3.1% | 19.6 | 18.6 | 3.96 | 2.21 | 3.24% | 11.3% |
FRIZ 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 FRIZ weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FRIZ largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MSFT | Microsoft Corporation | 6.50% | 29.5 | 25.1 | 11.8 | 0.74% | 6.67% |
| V | Visa Inc. | 4.53% | 34.3 | 24.0 | 17.0 | 0.67% | 4.00% |
| AAPL | Apple Inc. | 4.43% | 39.4 | 35.2 | 10.7 | 0.31% | 3.40% |
| JPM | JPMorgan Chase & Co. | 4.23% | 14.2 | 13.5 | 4.7 | 1.94% | 8.98% |
| AVGO | Broadcom Inc. | 3.98% | 43.3 | 19.4 | 17.6 | 0.79% | 2.78% |
| JNJ | Johnson & Johnson | 3.55% | 38.8 | 21.0 | 6.2 | 2.10% | 2.76% |
| WMT | Walmart Inc. | 3.42% | 43.0 | 38.0 | 1.3 | 0.83% | 2.40% |
| LLY | Eli Lilly and Company | 3.37% | 42.2 | 24.4 | 14.1 | 0.55% | 2.41% |
| CVX | Chevron Corporation | 3.02% | 21.2 | 15.2 | 2.1 | 3.16% | 4.30% |
| ADI | Analog Devices, Inc. | 2.71% | 47.0 | 23.2 | 13.8 | 1.11% | 1.74% |
| RTX | RTX Corporation | 2.56% | 34.1 | 24.6 | 2.8 | 1.51% | 2.27% |
| LIN | Linde plc | 2.48% | 32.2 | 23.6 | 6.5 | 1.28% | 2.33% |
| KO | The Coca-Cola Company | 2.43% | 28.2 | 25.3 | 8.1 | 2.26% | 2.60% |
| MS | Morgan Stanley | 2.25% | 14.3 | 14.9 | 3.6 | 2.55% | 4.74% |
| MRK | Merck & Co., Inc. | 2.21% | 115.8 | 15.3 | 5.4 | 2.33% | 0.58% |
| UNH | UnitedHealth Group Incorporated | 2.09% | 25.8 | 16.6 | 0.8 | 2.31% | 2.45% |
| PH | Parker-Hannifin Corporation | 2.06% | 33.8 | 27.5 | 5.7 | 0.83% | 1.84% |
| ABT | Abbott Laboratories | 2.02% | 33.8 | 17.1 | 3.9 | 2.40% | 1.80% |
| ORCL | Oracle Corporation | 2.01% | 20.1 | 17.8 | 5.4 | 1.56% | 3.02% |
| NDAQ | Nasdaq, Inc. | 1.98% | 27.4 | 23.6 | 9.4 | 1.23% | 2.18% |
| CP | Canadian Pacific Railway Ltd | 1.89% | — | — | — | — | — |
| PG | The Procter & Gamble Company | 1.88% | 24.1 | 21.2 | 4.3 | 2.73% | 2.36% |
| APO | Apollo Global Management, Inc. | 1.80% | 39.7 | 11.7 | 1.8 | 2.03% | 1.37% |
| MRSH | Marsh & McLennan Companies, Inc. | 1.80% | 22.5 | 15.0 | 3.2 | 2.10% | 2.41% |
| MAR | Marriott International, Inc. | 1.74% | 40.1 | 26.5 | 13.7 | 0.75% | 1.31% |
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 FRIZ valuation
Adding up its 40 holdings with company data, FRIZ trades at 27.9 times trailing earnings and 20.1 times analysts' forward estimates, with a price-to-book ratio of 5.76 and a dividend yield of 1.51%. Its earnings yield of 3.59% is 1.74 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 39.7% of the fund and earn 39.4% of its combined profit. By sector, Healthcare is the most expensive at 39.6 times earnings and Energy the cheapest at 16.9. Companies that lost money over the past year are 0.0% 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 96.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FRIZ chart, FRIZ performance, FRIZ holdings, FRIZ dividends.
FRIZ valuation FAQ
What is the P/E ratio of FRIZ?
Based on its holdings, FRIZ has a trailing P/E of 27.9 and a forward P/E of 20.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FRIZ?
The trailing earnings yield is 3.59% (1 ÷ P/E) and the forward earnings yield 4.97%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FRIZ more expensive than the S&P 500?
FRIZ trades at 27.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 20.1 and 19.9.
What is the price-to-book ratio of FRIZ?
The holdings of FRIZ trade at 5.76 times book value, with a combined return on equity of 20.7%.
Which sector in FRIZ has the highest P/E?
Healthcare has the highest P/E at 39.6 and Energy the lowest at 16.9.