AB Disruptors ETF (FWD) Valuation
FWD valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 48.4 trailing earnings
- Forward P/E
- 28.0 analyst estimates
- Price / sales
- 7.00
- Price / book
- 8.57
- EV / EBITDA
- 26.9
- Earnings yield
- 2.06% inverse of P/E
- Dividend yield
- 0.44% of the holdings
- Return on equity
- 17.7% combined
- Net margin
- 14.5% combined
- Beta
- 1.42 weighted, vs S&P 500
FWD valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FWD | 48.4 | 28.0 | 7.00 | 8.57 | 0.44% | 17.7% | 14.5% | 11.7% |
| 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.
FWD valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 51.3% | 59.9 | 30.3 | 10.71 | 11.22 | 0.33% | 18.7% |
| Industrials | 16.6% | 51.7 | 33.4 | 5.42 | 9.21 | 0.59% | 17.8% |
| Healthcare | 11.4% | 49.1 | 21.1 | 5.68 | 5.58 | 0.77% | 11.4% |
| Communication Services | 7.2% | 30.5 | 28.0 | 7.23 | 6.92 | 0.16% | 22.7% |
| Consumer Cyclical | 4.2% | 30.6 | 31.9 | 4.48 | 6.34 | 0.00% | 20.7% |
| Energy | 1.6% | 18.2 | 13.2 | 1.33 | 3.42 | 1.38% | 18.8% |
| Basic Materials | 1.1% | 34.3 | 18.1 | 3.86 | 5.18 | 0.86% | 15.1% |
| Real Estate | 0.7% | 63.4 | 52.1 | 9.82 | 7.27 | 2.09% | 11.5% |
| Utilities | 0.5% | 25.6 | 13.3 | 2.66 | 15.41 | 0.61% | 60.1% |
| Financial Services | 0.4% | 43.6 | 45.0 | 18.02 | 11.64 | 0.00% | 26.7% |
FWD 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 FWD weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FWD largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 3.38% | 27.1 | 24.9 | 17.1 | 0.47% | 7.76% |
| MSFT | Microsoft Corporation | 3.27% | 29.5 | 25.1 | 11.8 | 0.74% | 6.89% |
| AMZN | Amazon.com, Inc. | 2.18% | 20.1 | 23.6 | 3.5 | — | 6.73% |
| AMD | Advanced Micro Devices, Inc. | 1.91% | 134.9 | 39.5 | 20.9 | — | 0.88% |
| GOOGL | Alphabet Inc. | 1.87% | 17.1 | 22.8 | 9.3 | 0.26% | 6.78% |
| META | Meta Platforms, Inc. | 1.79% | 26.7 | 22.1 | 7.9 | 0.30% | 4.17% |
| 2330 | Taiwan Semiconductor Manufacturing Co. Ltd. | 1.77% | — | — | — | — | — |
| AVGO | Broadcom Inc. | 1.70% | 43.3 | 19.4 | 17.6 | 0.79% | 2.45% |
| MRK | Merck & Co., Inc. | 1.58% | 115.8 | 15.3 | 5.4 | 2.33% | 0.85% |
| SPCX | Space Exploration Technologies Corp. | 1.47% | — | 200.0 | 83.5 | — | −0.40% |
| ASML | ASML Holding N.V. | 1.45% | 40.4 | 28.9 | 16.0 | 0.55% | 2.23% |
| PLTR | Palantir Technologies Inc. | 1.41% | 160.4 | 85.5 | 72.6 | — | 0.55% |
| BA | BAE Systems plc | 1.23% | — | — | — | — | — |
| SPOT | Spotify Technology S.A | 1.19% | 30.5 | 28.6 | 6.0 | — | 2.43% |
| TMO | Thermo Fisher Scientific Inc. | 1.17% | 37.1 | 24.2 | 5.5 | 0.27% | 1.97% |
| LLY | Eli Lilly and Company | 1.15% | 42.2 | 24.4 | 14.1 | 0.55% | 1.69% |
| LONN | Lonza Group AG | 1.14% | — | — | — | — | — |
| KLAC | KLA Corporation | 1.11% | 45.3 | 34.8 | 15.9 | 0.56% | 1.52% |
| FCX | Freeport-McMoRan Inc. | 1.10% | 34.3 | 18.1 | 3.9 | 0.86% | 2.00% |
| SNPS | Synopsys, Inc. | 1.09% | 80.3 | 23.3 | 9.3 | — | 0.84% |
| CAT | Caterpillar Inc. | 1.05% | 31.5 | 25.4 | 4.5 | 0.89% | 2.07% |
| INTC | Intel Corporation | 1.04% | — | 63.3 | 8.3 | — | −1.53% |
| PANW | Palo Alto Networks, Inc. | 1.04% | 855.0 | 94.3 | 24.4 | — | 0.08% |
| SU | Schneider Electric S.E. | 1.01% | — | — | — | — | — |
| CRWD | CrowdStrike Holdings, Inc. | 1.01% | — | 208.3 | 43.1 | — | 0.02% |
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 FWD valuation
Adding up its 88 holdings with company data, FWD trades at 48.4 times trailing earnings and 28.0 times analysts' forward estimates, with a price-to-book ratio of 8.57 and a dividend yield of 0.44%. Its earnings yield of 2.06% is 3.26 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 20.9% of the fund and earn 38.3% of its combined profit. By sector, Real Estate is the most expensive at 63.4 times earnings and Energy the cheapest at 18.2. Companies that lost money over the past year are 11.7% 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 82.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FWD chart, FWD performance, FWD holdings, FWD dividends.
FWD valuation FAQ
What is the P/E ratio of FWD?
Based on its holdings, FWD has a trailing P/E of 48.4 and a forward P/E of 28.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FWD?
The trailing earnings yield is 2.06% (1 ÷ P/E) and the forward earnings yield 3.58%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FWD more expensive than the S&P 500?
FWD trades at 48.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 28.0 and 19.9.
What is the price-to-book ratio of FWD?
The holdings of FWD trade at 8.57 times book value, with a combined return on equity of 17.7%.
Which sector in FWD has the highest P/E?
Real Estate has the highest P/E at 63.4 and Energy the lowest at 18.2.