First Trust Nasdaq Transportation ETF (FTXR) Valuation
FTXR valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 39.8 trailing earnings
- Forward P/E
- 11.9 analyst estimates
- Price / sales
- 0.69
- Price / book
- 2.86
- EV / EBITDA
- 13.0
- Earnings yield
- 2.51% inverse of P/E
- Dividend yield
- 1.65% of the holdings
- Return on equity
- 7.2% combined
- Net margin
- 1.7% combined
- Beta
- 1.34 weighted, vs S&P 500
FTXR valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FTXR | 39.8 | 11.9 | 0.69 | 2.86 | 1.65% | 7.2% | 1.7% | 12.1% |
| 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.
FTXR valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Industrials | 67.3% | 24.1 | 13.3 | 0.81 | 3.66 | 1.46% | 15.2% |
| Consumer Cyclical | 31.3% | n/m | 9.7 | 0.52 | 1.94 | 1.91% | −2.6% |
| Energy | 0.8% | 7.0 | 15.1 | 4.32 | 2.23 | 7.44% | 31.7% |
FTXR 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 FTXR weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FTXR largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| TSLA | Tesla, Inc. | 8.58% | 328.4 | 158.7 | 13.5 | — | 1.05% |
| UNP | Union Pacific Corporation | 7.94% | 23.4 | 19.3 | 6.8 | 1.97% | 13.57% |
| F | Ford Motor Company | 7.31% | — | 7.0 | 0.3 | 4.83% | −43.48% |
| GM | General Motors Company | 7.19% | 37.7 | 5.6 | 0.4 | 0.86% | 7.64% |
| FDX | FedEx Corporation | 7.02% | 15.8 | 14.2 | 0.7 | 1.66% | 17.76% |
| CSX | CSX Corporation | 4.36% | 28.3 | 21.2 | 6.2 | 1.15% | 6.17% |
| URI | United Rentals, Inc. | 4.21% | 24.8 | 18.5 | 3.8 | 0.77% | 6.82% |
| AAL | American Airlines Group Inc. | 3.96% | — | 5.3 | 0.1 | — | −6.55% |
| UPS | United Parcel Service, Inc. | 3.96% | 18.1 | 12.0 | 0.9 | 6.73% | 8.75% |
| DAL | Delta Air Lines, Inc. | 3.96% | 15.0 | 9.2 | 0.7 | 1.14% | 10.53% |
| PCAR | PACCAR Inc | 3.77% | 23.3 | 15.1 | 2.1 | 1.26% | 6.47% |
| UAL | United Airlines Holdings, Inc. | 3.73% | 9.0 | 7.4 | 0.5 | — | 16.58% |
| LUV | Southwest Airlines Co. | 3.20% | 24.7 | 8.3 | 0.6 | 1.82% | 5.18% |
| R | Ryder System, Inc. | 3.11% | 19.4 | 23.1 | 0.7 | 1.69% | 6.44% |
| WAB | Westinghouse Air Brake Technologies Corporation | 2.17% | 38.6 | 23.8 | 4.0 | 0.43% | 2.25% |
| BWA | BorgWarner Inc. | 1.76% | 29.1 | 11.9 | 0.8 | 1.17% | 2.43% |
| JBHT | J.B. Hunt Transport Services, Inc. | 1.64% | 32.3 | 23.9 | 1.7 | 0.76% | 2.04% |
| LEA | Lear Corporation | 1.61% | 11.2 | 6.9 | 0.2 | 2.57% | 5.79% |
| ODFL | Old Dominion Freight Line, Inc. | 1.56% | 36.1 | 27.3 | 6.9 | 0.62% | 1.73% |
| KNX | Knight-Swift Transportation Holdings Inc. | 1.55% | 240.0 | 15.6 | 1.4 | 1.23% | 0.26% |
| OSK | Oshkosh Corporation | 1.39% | 14.5 | 9.4 | 0.7 | 1.80% | 3.83% |
| GPC | Genuine Parts Company | 1.33% | 535.8 | 15.4 | 0.7 | 3.17% | 0.10% |
| HRI | Herc Holdings Inc. | 1.26% | 79.5 | 12.2 | 0.8 | 2.30% | 0.63% |
| XPO | XPO Logistics, Inc. | 1.20% | 54.9 | 27.0 | 2.5 | — | 0.88% |
| EXPD | Expeditors International of Washington, Inc. | 1.09% | 28.5 | 24.4 | 2.1 | 0.83% | 1.53% |
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 FTXR valuation
Adding up its 41 holdings with company data, FTXR trades at 39.8 times trailing earnings and 11.9 times analysts' forward estimates, with a price-to-book ratio of 2.86 and a dividend yield of 1.65%. Its earnings yield of 2.51% is 2.82 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 58.5% of the fund and earn 22.3% of its combined profit. By sector, Industrials is the most expensive at 24.1 times earnings and Energy the cheapest at 7.0. Companies that lost money over the past year are 12.1% 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 99.5% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FTXR chart, FTXR performance, FTXR holdings, FTXR dividends.
FTXR valuation FAQ
What is the P/E ratio of FTXR?
Based on its holdings, FTXR has a trailing P/E of 39.8 and a forward P/E of 11.9 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FTXR?
The trailing earnings yield is 2.51% (1 ÷ P/E) and the forward earnings yield 8.37%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FTXR more expensive than the S&P 500?
FTXR trades at 39.8 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 11.9 and 19.9.
What is the price-to-book ratio of FTXR?
The holdings of FTXR trade at 2.86 times book value, with a combined return on equity of 7.2%.
Which sector in FTXR has the highest P/E?
Industrials has the highest P/E at 24.1 and Energy the lowest at 7.0.