First Trust BuyWrite Income ETF (FTHI) Valuation

NASDAQ: FTHIP/E, earnings yield and other ratios of the holdings combined.

FTHI valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 26.9
Forward P/E: 18.8
Price / sales: 1.29
Price / book: 4.74
EV / EBITDA: 16.6
Earnings yield: 3.71%
Dividend yield: 1.56%
Return on equity: 17.6%
Net margin: 4.8%
Beta: 1.07

FTHI valuation vs other stock ETFs

P/E (TTM)Forward P/E

FTHI valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
FTHI	26.9	18.8	1.29	4.74	1.56%	17.6%	4.8%	3.1%
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.

FTHI valuation by sector

P/E (TTM)Forward P/E

FTHI valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	32.8%	33.5	25.0	7.54	14.55	0.50%	43.4%
Financial Services	11.6%	14.6	11.8	0.26	1.80	2.55%	12.3%
Healthcare	9.0%	43.9	17.1	2.89	8.41	1.95%	19.2%
Industrials	7.3%	37.3	20.8	2.37	6.77	1.13%	18.1%
Consumer Defensive	7.1%	28.1	20.8	1.68	6.89	2.19%	24.5%
Consumer Cyclical	6.8%	n/m	21.1	1.46	3.24	0.47%	−1.0%
Communication Services	6.6%	18.4	20.7	2.08	5.83	0.48%	31.6%
Energy	5.0%	14.8	12.1	1.43	2.45	3.80%	16.6%
Real Estate	2.9%	16.6	17.8	6.67	1.86	7.38%	11.2%
Basic Materials	2.5%	19.7	15.4	0.98	4.70	2.76%	23.8%
Utilities	1.7%	21.8	16.1	3.40	2.51	2.44%	11.5%

FTHI earnings yield vs bond yields

FTHI earnings yield (forward)

5.31%

FTHI earnings yield (trailing)

3.71%

FTHI dividend yield

1.56%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 FTHI weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

FTHI largest holdings: valuation

FTHI largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
AAPL	Apple Inc.	8.47%	39.4	35.2	10.7	0.31%	6.33%
NVDA	NVIDIA Corporation	6.80%	27.1	24.9	17.1	0.47%	7.39%
MSFT	Microsoft Corporation	3.18%	29.5	25.1	11.8	0.74%	3.17%
JPM	JPMorgan Chase & Co.	2.70%	14.2	13.5	4.7	1.94%	5.57%
AMZN	Amazon.com, Inc.	2.51%	20.1	23.6	3.5	—	3.67%
GOOGL	Alphabet Inc.	2.27%	17.1	22.8	9.3	0.26%	3.90%
ASML	ASML Holding N.V.	2.01%	40.4	28.9	16.0	0.55%	1.47%
DELL	Dell Technologies Inc.	1.94%	26.3	21.3	1.9	0.56%	2.18%
COST	Costco Wholesale Corporation	1.92%	47.6	40.3	1.4	0.59%	1.19%
BAC	Bank of America Corporation	1.92%	12.2	10.8	3.1	2.50%	4.62%
AVGO	Broadcom Inc.	1.91%	43.3	19.4	17.6	0.79%	1.30%
AMGN	Amgen Inc.	1.67%	26.9	16.7	6.1	2.33%	1.83%
GOOG	Alphabet Inc.	1.64%	16.9	21.8	9.2	0.26%	2.86%
FTNT	Fortinet, Inc.	1.35%	59.8	45.0	16.5	—	0.67%
GILD	Gilead Sciences, Inc.	1.34%	—	15.6	6.4	2.10%	−0.67%
META	Meta Platforms, Inc.	1.28%	26.7	22.1	7.9	0.30%	1.40%
LIN	Linde plc	1.23%	32.2	23.6	6.5	1.28%	1.13%
CSCO	Cisco Systems, Inc.	1.21%	32.2	19.8	6.7	1.56%	1.10%
XOM	Exxon Mobil Corporation	1.14%	23.0	14.8	2.0	2.30%	1.46%
CCE	Coca-Cola European Partners plc	1.11%	—	—	—	—	—
JNJ	Johnson & Johnson	1.11%	38.8	21.0	6.2	2.10%	0.84%
ABBV	AbbVie Inc.	1.10%	80.6	16.4	7.8	2.42%	0.40%
LLY	Eli Lilly and Company	1.10%	42.2	24.4	14.1	0.55%	0.77%
TSLA	Tesla, Inc.	1.02%	328.4	158.7	13.5	—	0.09%
TDG	TransDigm Group Incorporated	0.98%	34.6	23.1	6.3	—	0.84%

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 FTHI valuation

Adding up its 168 holdings with company data, FTHI trades at 26.9 times trailing earnings and 18.8 times analysts' forward estimates, with a price-to-book ratio of 4.74 and a dividend yield of 1.56%. Its earnings yield of 3.71% is 1.62 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 33.7% of the fund and earn 39.5% of its combined profit. By sector, Healthcare is the most expensive at 43.9 times earnings and Financial Services the cheapest at 14.6. Companies that lost money over the past year are 3.1% 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 95.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

FTHI valuation FAQ

What is the P/E ratio of FTHI?

Based on its holdings, FTHI has a trailing P/E of 26.9 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 FTHI?

The trailing earnings yield is 3.71% (1 ÷ P/E) and the forward earnings yield 5.31%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is FTHI more expensive than the S&P 500?

FTHI trades at 26.9 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 FTHI?

The holdings of FTHI trade at 4.74 times book value, with a combined return on equity of 17.6%.

Which sector in FTHI has the highest P/E?

Healthcare has the highest P/E at 43.9 and Financial Services the lowest at 14.6.