Alger Mid Cap 40 ETF (FRTY) Valuation
FRTY valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 224.3 trailing earnings
- Forward P/E
- 37.2 analyst estimates
- Price / sales
- 8.46
- Price / book
- 6.70
- EV / EBITDA
- 29.8
- Earnings yield
- 0.45% inverse of P/E
- Dividend yield
- 0.19% of the holdings
- Return on equity
- 3.0% combined
- Net margin
- 3.8% combined
- Beta
- 1.48 weighted, vs S&P 500
FRTY valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FRTY | 224.3 | 37.2 | 8.46 | 6.70 | 0.19% | 3.0% | 3.8% | 30.3% |
| 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.
FRTY valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Healthcare | 32.5% | n/m | 37.3 | 11.85 | 5.93 | 0.02% | −8.5% |
| Technology | 30.2% | 99.6 | 40.5 | 10.30 | 8.05 | 0.29% | 8.1% |
| Industrials | 17.3% | 53.1 | 30.5 | 6.13 | 9.48 | 0.21% | 17.9% |
| Communication Services | 6.9% | 110.7 | 48.1 | 5.66 | 3.07 | 0.00% | 2.8% |
| Financial Services | 2.2% | 43.6 | 45.0 | 18.02 | 11.64 | 0.00% | 26.7% |
| Real Estate | 1.9% | 79.4 | 48.1 | 4.63 | 3.05 | 1.88% | 3.8% |
| Consumer Cyclical | 1.5% | 56.0 | 26.0 | 2.34 | 8.54 | 0.00% | 15.3% |
FRTY 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 FRTY weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FRTY largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| FWONK | Liberty Media Corporation - Formula One Group | 4.67% | 110.7 | 48.1 | 5.7 | — | 11.09% |
| RGEN | Repligen Corporation | 4.66% | 240.3 | 67.1 | 14.2 | — | 5.10% |
| TWST | Twist Bioscience Corporation | 4.64% | — | — | 20.4 | — | −20.50% |
| SNPS | Synopsys, Inc. | 4.17% | 80.3 | 23.3 | 9.3 | — | 13.65% |
| NET | Cloudflare, Inc. | 3.79% | — | 178.6 | 42.0 | — | −1.77% |
| SNOW | Snowflake Inc. | 3.45% | — | 169.5 | 19.9 | — | −9.40% |
| HEI.A | HEICO Corporation | 3.42% | 38.8 | 31.7 | 6.3 | 0.11% | 23.19% |
| OKTA | Okta, Inc. | 3.34% | 112.8 | 54.3 | 10.7 | — | 7.79% |
| GH | Guardant Health, Inc. | 3.16% | — | — | 18.0 | — | −18.35% |
| BIIB | Biogen Inc. | 3.10% | 41.3 | 13.9 | 3.4 | — | 19.75% |
| RBC | RBC Bearings Incorporated | 2.91% | 49.3 | 36.9 | 8.1 | — | 15.56% |
| MPWR | Monolithic Power Systems, Inc. | 2.85% | 73.7 | 38.8 | 18.2 | 0.66% | 10.19% |
| FIX | Comfort Systems USA, Inc. | 2.83% | 35.4 | 26.0 | 4.5 | 0.25% | 21.04% |
| DDOG | Datadog, Inc. | 2.71% | 494.2 | 84.7 | 22.4 | — | 1.44% |
| NTRA | Natera, Inc. | 2.68% | — | — | 20.9 | — | −2.42% |
| ARWR | Arrowhead Pharmaceuticals, Inc. | 2.33% | — | 111.1 | 11.8 | — | −24.96% |
| TEVA | Teva Pharmaceutical Industries Ltd | 2.32% | — | — | — | — | — |
| AXON | Axon Enterprise, Inc. | 2.22% | 161.9 | 58.1 | 9.8 | — | 3.61% |
| YNDX | Yandex NV | 2.21% | — | — | — | — | — |
| HOOD | Robinhood Markets, Inc. | 2.16% | 43.6 | 45.0 | 18.0 | — | 13.07% |
| WST | West Pharmaceutical Services, Inc. | 2.08% | 49.4 | 37.0 | 8.1 | 0.23% | 11.10% |
| FTAI | FTAI Aviation Ltd. | 2.05% | 35.8 | 13.5 | 5.4 | 1.22% | 15.05% |
| MCHP | Microchip Technology Incorporated | 1.97% | 108.6 | 20.5 | 7.8 | 2.46% | 4.77% |
| AHR | American Healthcare REIT, Inc. | 1.90% | 79.4 | 48.1 | 4.6 | 1.88% | 6.28% |
| DFTX | Definium Therapeutics, Inc. | 1.81% | — | — | — | — | — |
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 FRTY valuation
Adding up its 35 holdings with company data, FRTY trades at 224.3 times trailing earnings and 37.2 times analysts' forward estimates, with a price-to-book ratio of 6.70 and a dividend yield of 0.19%. Its earnings yield of 0.45% is 4.88 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 38.4% of the fund and earn 30.6% of its combined profit. By sector, Communication Services is the most expensive at 110.7 times earnings and Financial Services the cheapest at 43.6. Companies that lost money over the past year are 30.3% 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 92.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FRTY chart, FRTY performance, FRTY holdings, FRTY dividends.
FRTY valuation FAQ
What is the P/E ratio of FRTY?
Based on its holdings, FRTY has a trailing P/E of 224.3 and a forward P/E of 37.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FRTY?
The trailing earnings yield is 0.45% (1 ÷ P/E) and the forward earnings yield 2.69%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FRTY more expensive than the S&P 500?
FRTY trades at 224.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 37.2 and 19.9.
What is the price-to-book ratio of FRTY?
The holdings of FRTY trade at 6.70 times book value, with a combined return on equity of 3.0%.
Which sector in FRTY has the highest P/E?
Communication Services has the highest P/E at 110.7 and Financial Services the lowest at 43.6.