Strive Natural Resources and Security ETF (FTWO) Valuation
FTWO valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 26.0 trailing earnings
- Forward P/E
- 16.6 analyst estimates
- Price / sales
- 2.34
- Price / book
- 3.64
- EV / EBITDA
- 11.8
- Earnings yield
- 3.85% inverse of P/E
- Dividend yield
- 1.37% of the holdings
- Return on equity
- 14.0% combined
- Net margin
- 9.0% combined
- Beta
- 0.71 weighted, vs S&P 500
FTWO valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FTWO | 26.0 | 16.6 | 2.34 | 3.64 | 1.37% | 14.0% | 9.0% | 4.0% |
| 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.
FTWO valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Energy | 28.5% | 21.2 | 12.8 | 1.77 | 2.70 | 2.26% | 12.7% |
| Industrials | 26.9% | 31.8 | 25.2 | 2.60 | 5.84 | 1.14% | 18.4% |
| Utilities | 11.0% | 36.6 | 17.6 | 3.37 | 3.44 | 0.51% | 9.4% |
| Financial Services | 3.3% | 103.1 | — | 2.70 | — | 0.00% | — |
| Consumer Defensive | 1.1% | 13.7 | 10.2 | 1.16 | 1.63 | 1.27% | 11.9% |
FTWO 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 FTWO weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FTWO largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| DE | Deere & Company | 10.57% | 35.7 | 29.3 | 3.6 | 1.01% | 10.56% |
| CEG | Constellation Energy Corporation | 8.88% | 26.5 | 20.7 | 3.1 | 0.63% | 11.92% |
| XOM | Exxon Mobil Corporation | 8.36% | 23.0 | 14.8 | 2.0 | 2.30% | 12.93% |
| CVX | Chevron Corporation | 4.85% | 21.2 | 15.2 | 2.1 | 3.16% | 8.14% |
| GCP | General Electric Company | 4.32% | — | — | — | — | — |
| NEM | Newmont Corporation | 4.18% | 15.0 | 11.6 | 4.8 | 0.88% | 9.95% |
| RTX | RTX Corporation | 3.91% | 34.1 | 24.6 | 2.8 | 1.51% | 4.08% |
| CCO | Cameco Corp | 3.86% | — | — | — | — | — |
| VYLR | Vylor Inc. | 3.33% | 103.1 | — | 2.7 | — | 1.15% |
| FCX | Freeport-McMoRan Inc. | 3.33% | 34.3 | 18.1 | 3.9 | 0.86% | 3.46% |
| AEM | Agnico Eagle Mines Limited | 3.15% | — | — | — | — | — |
| ABX | Barrick Gold Corp | 2.25% | — | — | — | — | — |
| NTR | Nutrien Ltd | 2.24% | — | — | — | — | — |
| BA | The Boeing Company | 2.12% | 67.9 | 49.5 | 1.6 | — | 1.11% |
| WPM | Wheaton Precious Metals Corp | 1.95% | — | — | — | — | — |
| COP | ConocoPhillips | 1.87% | 19.4 | 12.7 | 2.7 | 2.29% | 3.44% |
| LMT | Lockheed Martin Corporation | 1.85% | 20.3 | 16.2 | 1.7 | 2.61% | 3.24% |
| TLN | Talen Energy Corporation | 1.70% | — | 9.9 | 4.5 | — | −0.71% |
| MPC | Marathon Petroleum Corporation | 1.49% | 16.6 | 5.5 | 0.9 | 0.84% | 3.21% |
| FNV | Franco-Nevada Corporation | 1.47% | — | — | — | — | — |
| BWXT | BWX Technologies, Inc. | 1.34% | 35.5 | 27.0 | 3.6 | 0.77% | 1.34% |
| VLO | Valero Energy Corporation | 1.33% | 18.5 | 10.2 | 1.0 | 1.08% | 2.55% |
| GD | General Dynamics Corporation | 1.28% | 21.0 | 18.5 | 1.7 | 1.85% | 2.18% |
| CF | CF Industries Holdings, Inc. | 1.28% | 9.0 | 12.2 | 2.4 | 1.99% | 5.10% |
| CNQ | Canadian Natural Resources Ltd | 1.24% | — | — | — | — | — |
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 FTWO valuation
Adding up its 34 holdings with company data, FTWO trades at 26.0 times trailing earnings and 16.6 times analysts' forward estimates, with a price-to-book ratio of 3.64 and a dividend yield of 1.37%. Its earnings yield of 3.85% is 1.48 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 55.6% of the fund and earn 66.7% of its combined profit. By sector, Financial Services is the most expensive at 103.1 times earnings and Consumer Defensive the cheapest at 13.7. Companies that lost money over the past year are 4.0% 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 73.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FTWO chart, FTWO performance, FTWO holdings, FTWO dividends.
FTWO valuation FAQ
What is the P/E ratio of FTWO?
Based on its holdings, FTWO has a trailing P/E of 26.0 and a forward P/E of 16.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FTWO?
The trailing earnings yield is 3.85% (1 ÷ P/E) and the forward earnings yield 6.01%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FTWO more expensive than the S&P 500?
FTWO trades at 26.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 16.6 and 19.9.
What is the price-to-book ratio of FTWO?
The holdings of FTWO trade at 3.64 times book value, with a combined return on equity of 14.0%.
Which sector in FTWO has the highest P/E?
Financial Services has the highest P/E at 103.1 and Consumer Defensive the lowest at 13.7.