First Trust Nasdaq Oil & Gas ETF (FTXN) Valuation
FTXN valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 16.4 trailing earnings
- Forward P/E
- 10.9 analyst estimates
- Price / sales
- 1.63
- Price / book
- 2.18
- EV / EBITDA
- 6.9
- Earnings yield
- 6.10% inverse of P/E
- Dividend yield
- 1.98% of the holdings
- Return on equity
- 13.3% combined
- Net margin
- 9.9% combined
- Beta
- 0.52 weighted, vs S&P 500
FTXN valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FTXN | 16.4 | 10.9 | 1.63 | 2.18 | 1.98% | 13.3% | 9.9% | 1.0% |
| 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.
FTXN valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Energy | 96.1% | 16.3 | 10.9 | 1.63 | 2.17 | 1.99% | 13.3% |
| Basic Materials | 0.5% | n/m | 49.0 | 1.11 | 19.32 | 0.00% | −51.9% |
FTXN 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 FTXN weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FTXN largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MPC | Marathon Petroleum Corporation | 8.14% | 16.6 | 5.5 | 0.9 | 0.84% | 8.48% |
| COP | ConocoPhillips | 7.86% | 19.4 | 12.7 | 2.7 | 2.29% | 7.00% |
| XOM | Exxon Mobil Corporation | 7.81% | 23.0 | 14.8 | 2.0 | 2.30% | 5.85% |
| CVX | Chevron Corporation | 7.64% | 21.2 | 15.2 | 2.1 | 3.16% | 6.21% |
| EOG | EOG Resources, Inc. | 5.27% | 12.3 | 10.1 | 3.1 | 2.58% | 7.40% |
| VLO | Valero Energy Corporation | 4.25% | 18.5 | 10.2 | 1.0 | 1.08% | 3.96% |
| PSX | Phillips 66 | 4.04% | 16.8 | 9.7 | 0.8 | 1.81% | 4.16% |
| FANG | Diamondback Energy, Inc. | 3.84% | 38.8 | 10.0 | 3.5 | 2.16% | 1.71% |
| OXY | Occidental Petroleum Corporation | 3.79% | 17.7 | 14.6 | 2.6 | 1.80% | 3.69% |
| DVN | Devon Energy Corporation | 3.45% | 11.1 | 9.3 | 3.0 | 2.52% | 5.38% |
| KMI | Kinder Morgan, Inc. | 2.72% | 22.1 | 20.0 | 4.2 | 3.45% | 2.13% |
| EQT | EQT Corporation | 2.40% | 12.6 | 14.1 | 3.7 | 1.25% | 3.28% |
| VG | Venture Global, Inc. | 2.23% | 10.0 | 14.4 | 1.9 | 1.26% | 3.85% |
| LNG | Cheniere Energy, Inc. | 2.20% | 21.9 | 13.5 | 2.9 | 0.77% | 1.73% |
| SLB | Schlumberger Limited | 2.12% | 23.9 | 15.9 | 2.0 | 2.38% | 1.53% |
| WMB | The Williams Companies, Inc. | 2.10% | 28.4 | 26.8 | 7.1 | 2.95% | 1.27% |
| EXE | Expand Energy Corporation | 2.06% | 8.1 | 9.6 | 1.8 | 2.46% | 4.42% |
| APA | APA Corporation | 2.03% | 10.4 | 9.4 | 2.0 | 2.03% | 3.37% |
| OVV | Ovintiv Inc. | 1.92% | 19.3 | 9.0 | 2.0 | 1.73% | 1.72% |
| TRGP | Targa Resources Corp. | 1.67% | 28.2 | 23.2 | 3.8 | 1.70% | 1.02% |
| YZ8 | Permian Resources Corporation | 1.62% | — | — | — | — | — |
| BKR | Baker Hughes Company | 1.52% | 17.9 | 18.0 | 2.0 | 1.65% | 1.46% |
| DINO | HF Sinclair Corporation | 1.26% | 11.9 | 10.0 | 0.7 | 1.68% | 1.83% |
| SM | SM Energy Company | 1.07% | 7.0 | 4.4 | 1.9 | 2.23% | 2.64% |
| CHRD | Chord Energy Corporation | 1.01% | 10.4 | — | 1.4 | 3.36% | 1.68% |
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 FTXN valuation
Adding up its 47 holdings with company data, FTXN trades at 16.4 times trailing earnings and 10.9 times analysts' forward estimates, with a price-to-book ratio of 2.18 and a dividend yield of 1.98%. Its earnings yield of 6.10% is 0.77 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 56.1% of the fund and earn 53.8% of its combined profit. Companies that lost money over the past year are 1.0% 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 98.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FTXN chart, FTXN performance, FTXN holdings, FTXN dividends.
FTXN valuation FAQ
What is the P/E ratio of FTXN?
Based on its holdings, FTXN has a trailing P/E of 16.4 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 FTXN?
The trailing earnings yield is 6.10% (1 ÷ P/E) and the forward earnings yield 9.15%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FTXN more expensive than the S&P 500?
FTXN trades at 16.4 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 FTXN?
The holdings of FTXN trade at 2.18 times book value, with a combined return on equity of 13.3%.