First Trust Large Cap Value AlphaDEX Fund (FTA) Valuation
FTA valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 13.4 trailing earnings
- Forward P/E
- 10.9 analyst estimates
- Price / sales
- 1.30
- Price / book
- 1.83
- EV / EBITDA
- 9.0
- Earnings yield
- 7.45% inverse of P/E
- Dividend yield
- 2.25% of the holdings
- Return on equity
- 13.6% combined
- Net margin
- 9.7% combined
- Beta
- 0.76 weighted, vs S&P 500
FTA valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FTA | 13.4 | 10.9 | 1.30 | 1.83 | 2.25% | 13.6% | 9.7% | 0.7% |
| 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.
FTA valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 21.3% | 10.6 | 10.6 | 1.92 | 1.44 | 1.99% | 13.6% |
| Energy | 13.9% | 15.4 | 10.9 | 1.70 | 1.85 | 2.05% | 12.0% |
| Utilities | 12.4% | 16.0 | 13.7 | 2.25 | 1.71 | 3.33% | 10.7% |
| Technology | 10.3% | 12.4 | 9.7 | 1.29 | 2.06 | 1.63% | 16.6% |
| Consumer Cyclical | 8.7% | 16.8 | 11.6 | 0.89 | 2.12 | 2.47% | 12.7% |
| Industrials | 7.6% | 16.1 | 11.5 | 1.23 | 2.44 | 1.54% | 15.2% |
| Healthcare | 7.2% | 17.6 | 11.1 | 0.92 | 2.48 | 1.55% | 14.1% |
| Communication Services | 5.7% | 7.9 | 6.7 | 0.78 | 1.37 | 3.10% | 17.5% |
| Consumer Defensive | 4.6% | 17.1 | 13.1 | 0.63 | 2.98 | 2.48% | 17.5% |
| Basic Materials | 4.2% | 17.9 | 13.4 | 1.75 | 2.82 | 1.61% | 15.7% |
| Real Estate | 2.7% | 14.7 | 12.5 | 1.52 | 1.38 | 4.48% | 9.4% |
FTA 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 FTA weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FTA largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| CTSH | Cognizant Technology Solutions Corporation | 1.02% | 14.2 | 9.4 | 1.4 | 2.00% | 0.99% |
| STZ | Constellation Brands, Inc. | 1.02% | 11.8 | 10.0 | 2.4 | 3.14% | 1.20% |
| OVV | Ovintiv Inc. | 0.97% | 19.3 | 9.0 | 2.0 | 1.73% | 0.70% |
| ALL | The Allstate Corporation | 0.97% | 5.0 | 8.3 | 0.9 | 1.74% | 2.70% |
| CINF | Cincinnati Financial Corporation | 0.96% | 8.1 | 18.5 | 1.9 | 2.20% | 1.64% |
| COP | ConocoPhillips | 0.96% | 19.4 | 12.7 | 2.7 | 2.29% | 0.68% |
| DINO | HF Sinclair Corporation | 0.95% | 11.9 | 10.0 | 0.7 | 1.68% | 1.11% |
| HIG | The Hartford Financial Services Group, Inc. | 0.95% | 9.6 | 9.2 | 1.2 | 1.78% | 1.38% |
| EOG | EOG Resources, Inc. | 0.94% | 12.3 | 10.1 | 3.1 | 2.58% | 1.06% |
| FISV | Fiserv, Inc. | 0.93% | 9.1 | 5.7 | 1.2 | — | 1.40% |
| BRK.B | Berkshire Hathaway Inc. | 0.93% | 13.4 | 22.7 | 3.0 | — | 0.96% |
| OXY | Occidental Petroleum Corporation | 0.92% | 17.7 | 14.6 | 2.6 | 1.80% | 0.72% |
| FIS | Fidelity National Information Services, Inc. | 0.92% | 5.5 | 5.1 | 1.5 | 4.89% | 2.29% |
| YZ8 | Permian Resources Corporation | 0.91% | — | — | — | — | — |
| PTC | PTC Inc. | 0.90% | 18.7 | 16.3 | 7.1 | — | 0.67% |
| AIG | American International Group, Inc. | 0.90% | 14.8 | 8.5 | 1.6 | 2.48% | 0.84% |
| AMCR | Amcor plc | 0.90% | 18.4 | 10.6 | 0.9 | 5.93% | 0.68% |
| EXE | Expand Energy Corporation | 0.90% | 8.1 | 9.6 | 1.8 | 2.46% | 1.55% |
| MKL | Markel Corporation | 0.90% | 10.2 | 15.2 | 1.4 | — | 1.22% |
| FOXA | Fox Corporation | 0.90% | 16.7 | 11.1 | 1.6 | 0.90% | 0.74% |
| CCL | Carnival Corporation & plc | 0.89% | 11.4 | 8.4 | 1.3 | 1.74% | 1.08% |
| CMCSA | Comcast Corporation | 0.89% | 7.1 | 5.9 | 0.6 | 6.03% | 1.74% |
| GPN | Global Payments Inc. | 0.89% | 39.3 | 5.3 | 2.2 | 1.20% | 0.31% |
| DVN | Devon Energy Corporation | 0.89% | 11.1 | 9.3 | 3.0 | 2.52% | 1.11% |
| EIX | Edison International | 0.89% | 5.8 | 8.2 | 1.1 | 6.28% | 2.13% |
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 FTA valuation
Adding up its 183 holdings with company data, FTA trades at 13.4 times trailing earnings and 10.9 times analysts' forward estimates, with a price-to-book ratio of 1.83 and a dividend yield of 2.25%. Its earnings yield of 7.45% is 2.13 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 9.7% of the fund and earn 12.9% of its combined profit. By sector, Basic Materials is the most expensive at 17.9 times earnings and Communication Services the cheapest at 7.9. Companies that lost money over the past year are 0.7% 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 97.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FTA chart, FTA performance, FTA holdings, FTA dividends.
FTA valuation FAQ
What is the P/E ratio of FTA?
Based on its holdings, FTA has a trailing P/E of 13.4 and a forward P/E of 10.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FTA?
The trailing earnings yield is 7.45% (1 ÷ P/E) and the forward earnings yield 9.19%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FTA more expensive than the S&P 500?
FTA trades at 13.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 10.9 and 19.9.
What is the price-to-book ratio of FTA?
The holdings of FTA trade at 1.83 times book value, with a combined return on equity of 13.6%.
Which sector in FTA has the highest P/E?
Basic Materials has the highest P/E at 17.9 and Communication Services the lowest at 7.9.