First Trust SMID Capital Strength ETF (FSCS) Valuation
FSCS valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 14.0 trailing earnings
- Forward P/E
- 14.6 analyst estimates
- Price / sales
- 2.36
- Price / book
- 2.95
- EV / EBITDA
- 11.7
- Earnings yield
- 7.14% inverse of P/E
- Dividend yield
- 1.88% of the holdings
- Return on equity
- 21.1% combined
- Net margin
- 16.8% combined
- Beta
- 0.84 weighted, vs S&P 500
FSCS valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FSCS | 14.0 | 14.6 | 2.36 | 2.95 | 1.88% | 21.1% | 16.8% | 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.
FSCS valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 27.2% | 10.3 | 11.8 | 1.96 | 1.92 | 1.93% | 18.6% |
| Industrials | 25.4% | 22.8 | 19.6 | 2.79 | 4.80 | 1.09% | 21.0% |
| Consumer Cyclical | 13.1% | 17.0 | 15.9 | 2.05 | 4.69 | 1.58% | 27.5% |
| Healthcare | 11.1% | 15.4 | 16.0 | 2.73 | 3.34 | 0.19% | 21.6% |
| Consumer Defensive | 8.1% | 17.8 | 16.6 | 2.59 | 4.78 | 2.07% | 26.9% |
| Basic Materials | 5.0% | 16.7 | 14.6 | 2.22 | 3.19 | 1.23% | 19.1% |
| Real Estate | 3.8% | 4.7 | 8.6 | 4.81 | 1.18 | 15.01% | 25.0% |
| Technology | 3.2% | 19.0 | 13.0 | 3.30 | 3.76 | 0.00% | 19.8% |
| Communication Services | 1.0% | 23.3 | 12.0 | 1.54 | 4.72 | 0.35% | 20.2% |
| Energy | 0.9% | 17.6 | 11.4 | 1.25 | 2.50 | 2.03% | 14.2% |
FSCS 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 FSCS weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FSCS largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| HCSG | Healthcare Services Group, Inc. | 1.17% | 12.4 | 17.4 | 0.8 | — | 1.35% |
| HAS | Hasbro, Inc. | 1.11% | 17.8 | 13.5 | 2.8 | 2.84% | 0.88% |
| NSSC | Napco Security Technologies, Inc. | 1.10% | 29.6 | 24.7 | 6.3 | 1.71% | 0.53% |
| ALLE | Allegion plc | 1.08% | 20.5 | 15.9 | 3.1 | 1.41% | 0.75% |
| ACIW | ACI Worldwide, Inc. | 1.07% | 24.1 | 12.6 | 2.9 | — | 0.63% |
| PPG | PPG Industries, Inc. | 1.07% | 15.4 | 12.4 | 1.5 | 2.76% | 0.98% |
| EWBC | East West Bancorp, Inc. | 1.07% | 12.2 | 12.7 | 6.0 | 2.52% | 1.24% |
| ZION | Zions Bancorporation, NA | 1.07% | 8.1 | 9.1 | 2.5 | 3.03% | 1.87% |
| AVY | Avery Dennison Corporation | 1.07% | 19.2 | 15.3 | 1.4 | 2.28% | 0.79% |
| AOS | A. O. Smith Corporation | 1.07% | 16.5 | 13.8 | 2.1 | 2.57% | 0.91% |
| CPAY | Corpay, Inc. | 1.06% | 24.3 | 12.8 | 5.2 | — | 0.62% |
| UTHR | United Therapeutics Corporation | 1.06% | 19.1 | 16.4 | 7.2 | — | 0.79% |
| INCY | Incyte Corporation | 1.06% | 14.4 | 14.7 | 3.9 | — | 1.04% |
| AFG | American Financial Group, Inc. | 1.06% | 13.0 | 11.5 | 1.5 | 2.60% | 1.15% |
| MKC | McCormick & Company, Incorporated | 1.05% | 8.4 | 14.3 | 1.6 | 4.14% | 1.78% |
| NVR | NVR, Inc. | 1.05% | 15.4 | 14.8 | 1.6 | — | 0.97% |
| HG | Hamilton Insurance Group, Ltd. | 1.05% | 6.3 | — | 1.2 | — | 2.35% |
| SFBS | ServisFirst Bancshares, Inc. | 1.05% | 13.4 | 22.6 | 7.4 | 1.93% | 1.11% |
| KMB | Kimberly-Clark Corporation | 1.05% | 20.8 | 13.1 | 2.1 | 4.85% | 0.71% |
| ULTA | Ulta Beauty, Inc. | 1.05% | 21.6 | 19.6 | 2.0 | — | 0.69% |
| ACGL | Arch Capital Group Ltd. | 1.04% | 7.9 | 9.6 | 1.8 | — | 1.86% |
| CRUS | Cirrus Logic, Inc. | 1.03% | 13.1 | 13.8 | 2.6 | — | 1.11% |
| TTEK | Tetra Tech, Inc. | 1.03% | 20.9 | 19.9 | 2.0 | 0.83% | 0.70% |
| RMD | ResMed Inc. | 1.03% | 22.9 | 18.5 | 5.9 | 1.10% | 0.63% |
| FHI | Federated Hermes, Inc. | 1.03% | 10.4 | 9.9 | 2.2 | 2.57% | 1.40% |
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 FSCS valuation
Adding up its 99 holdings with company data, FSCS trades at 14.0 times trailing earnings and 14.6 times analysts' forward estimates, with a price-to-book ratio of 2.95 and a dividend yield of 1.88%. Its earnings yield of 7.14% is 1.82 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 10.9% of the fund and earn 9.9% of its combined profit. By sector, Communication Services is the most expensive at 23.3 times earnings and Real Estate the cheapest at 4.7. 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 99.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FSCS chart, FSCS performance, FSCS holdings, FSCS dividends.
FSCS valuation FAQ
What is the P/E ratio of FSCS?
Based on its holdings, FSCS has a trailing P/E of 14.0 and a forward P/E of 14.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FSCS?
The trailing earnings yield is 7.14% (1 ÷ P/E) and the forward earnings yield 6.86%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FSCS more expensive than the S&P 500?
FSCS trades at 14.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.6 and 19.9.
What is the price-to-book ratio of FSCS?
The holdings of FSCS trade at 2.95 times book value, with a combined return on equity of 21.1%.
Which sector in FSCS has the highest P/E?
Communication Services has the highest P/E at 23.3 and Real Estate the lowest at 4.7.