First Trust Financials AlphaDEX Fund (FXO) Valuation
FXO valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 10.4 trailing earnings
- Forward P/E
- 10.2 analyst estimates
- Price / sales
- 1.83
- Price / book
- 1.50
- EV / EBITDA
- 8.0
- Earnings yield
- 9.66% inverse of P/E
- Dividend yield
- 2.34% of the holdings
- Return on equity
- 14.4% combined
- Net margin
- 17.7% combined
- Beta
- 0.77 weighted, vs S&P 500
FXO valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FXO | 10.4 | 10.2 | 1.83 | 1.50 | 2.34% | 14.4% | 17.7% | 0.0% |
| 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.
FXO valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 93.8% | 10.4 | 10.2 | 1.79 | 1.47 | 2.16% | 14.2% |
| Technology | 2.6% | 27.3 | 18.8 | 3.80 | 6.96 | 0.69% | 25.5% |
| Real Estate | 1.5% | 4.4 | 6.6 | 4.31 | 1.11 | 16.51% | 25.0% |
FXO 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 FXO weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FXO largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| ALL | The Allstate Corporation | 1.88% | 5.0 | 8.3 | 0.9 | 1.74% | 4.01% |
| HIG | The Hartford Financial Services Group, Inc. | 1.84% | 9.6 | 9.2 | 1.2 | 1.78% | 2.04% |
| CHYM | Chime Financial, Inc. | 1.84% | 33.7 | 20.6 | 4.6 | — | 0.58% |
| MKL | Markel Corporation | 1.79% | 10.2 | 15.2 | 1.4 | — | 1.86% |
| EG | Everest Group, Ltd. | 1.78% | 8.2 | 6.2 | 0.9 | 2.06% | 2.28% |
| AXS | AXIS Capital Holdings Limited | 1.77% | 7.1 | 7.3 | 1.1 | 1.77% | 2.65% |
| AIG | American International Group, Inc. | 1.76% | 14.8 | 8.5 | 1.6 | 2.48% | 1.26% |
| ORI | Old Republic International Corporation | 1.74% | 8.8 | 11.4 | 1.0 | 3.18% | 2.09% |
| WTM | White Mountains Insurance Group, Ltd. | 1.72% | 4.9 | 13.9 | 1.7 | 0.05% | 3.69% |
| RNR | RenaissanceRe Holdings Ltd. | 1.71% | 6.1 | 8.1 | 1.3 | 0.47% | 2.99% |
| MTG | MGIC Investment Corporation | 1.71% | 8.7 | 8.7 | 4.8 | 2.44% | 2.08% |
| CINF | Cincinnati Financial Corporation | 1.69% | 8.1 | 18.5 | 1.9 | 2.20% | 2.21% |
| AGO | Assured Guaranty Ltd. | 1.68% | 9.4 | 11.1 | 3.8 | 2.15% | 1.89% |
| BRK.B | Berkshire Hathaway Inc. | 1.66% | 13.4 | 22.7 | 3.0 | — | 1.32% |
| ACGL | Arch Capital Group Ltd. | 1.66% | 7.9 | 9.6 | 1.8 | — | 2.21% |
| FAF | First American Financial Corporation | 1.62% | 9.0 | 9.4 | 0.8 | 3.76% | 1.91% |
| OZK | Bank OZK | 1.61% | 7.6 | 7.6 | 3.2 | 4.25% | 2.24% |
| AAYA | ANNALY CAP.MGMT DL -01 | 1.53% | — | — | — | — | — |
| AGNC | AGNC Investment Corp. | 1.50% | 4.4 | 6.6 | 4.3 | 16.51% | 3.57% |
| TROW | T. Rowe Price Group, Inc. | 1.48% | 10.1 | 10.2 | 2.8 | 5.15% | 1.55% |
| THG | The Hanover Insurance Group, Inc. | 1.39% | 11.2 | 11.1 | 1.2 | 1.63% | 1.32% |
| TRV | The Travelers Companies, Inc. | 1.36% | 10.5 | 10.8 | 1.7 | 1.28% | 1.38% |
| AMG | Affiliated Managers Group, Inc. | 1.35% | 13.4 | 8.8 | 4.4 | 0.01% | 1.06% |
| L | Loews Corporation | 1.33% | 13.5 | 12.2 | 1.2 | 0.23% | 1.04% |
| PGR | The Progressive Corporation | 1.32% | 11.0 | 12.7 | 1.4 | 0.18% | 1.27% |
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 FXO valuation
Adding up its 102 holdings with company data, FXO trades at 10.4 times trailing earnings and 10.2 times analysts' forward estimates, with a price-to-book ratio of 1.50 and a dividend yield of 2.34%. Its earnings yield of 9.66% is 4.33 points above the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 17.8% of the fund and earn 23.5% of its combined profit. By sector, Technology is the most expensive at 27.3 times earnings and Real Estate the cheapest at 4.4. Companies that lost money over the past year are 0.0% 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 97.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FXO chart, FXO performance, FXO holdings, FXO dividends.
FXO valuation FAQ
What is the P/E ratio of FXO?
Based on its holdings, FXO has a trailing P/E of 10.4 and a forward P/E of 10.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FXO?
The trailing earnings yield is 9.66% (1 ÷ P/E) and the forward earnings yield 9.76%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FXO more expensive than the S&P 500?
FXO trades at 10.4 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 10.2 and 19.9.
What is the price-to-book ratio of FXO?
The holdings of FXO trade at 1.50 times book value, with a combined return on equity of 14.4%.
Which sector in FXO has the highest P/E?
Technology has the highest P/E at 27.3 and Real Estate the lowest at 4.4.