First Trust Small Cap Core AlphaDEX Fund (FYX) Valuation
FYX valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 25.1 trailing earnings
- Forward P/E
- 12.4 analyst estimates
- Price / sales
- 0.91
- Price / book
- 1.65
- EV / EBITDA
- 4.5
- Earnings yield
- 3.99% inverse of P/E
- Dividend yield
- 1.55% of the holdings
- Return on equity
- 6.6% combined
- Net margin
- 3.6% combined
- Beta
- 1.12 weighted, vs S&P 500
FYX valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| FYX | 25.1 | 12.4 | 0.91 | 1.65 | 1.55% | 6.6% | 3.6% | 18.8% |
| 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.
FYX valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Financial Services | 20.9% | 21.1 | 10.6 | 2.09 | 1.32 | 2.36% | 6.2% |
| Healthcare | 15.5% | n/m | 13.8 | 1.70 | 3.56 | 0.02% | −3.2% |
| Consumer Cyclical | 13.6% | 14.0 | 11.0 | 0.42 | 1.41 | 1.39% | 10.1% |
| Technology | 11.9% | 35.2 | 13.8 | 1.21 | 2.67 | 0.13% | 7.6% |
| Industrials | 10.8% | 21.4 | 13.3 | 0.79 | 1.92 | 1.08% | 9.0% |
| Real Estate | 6.7% | 19.2 | 16.2 | 1.61 | 1.03 | 5.85% | 5.4% |
| Energy | 5.4% | 15.4 | 13.4 | 0.96 | 1.62 | 1.40% | 10.5% |
| Consumer Defensive | 5.3% | 17.4 | 11.0 | 0.37 | 1.34 | 1.79% | 7.7% |
| Basic Materials | 3.6% | 28.8 | 11.5 | 0.70 | 1.83 | 1.89% | 6.3% |
| Communication Services | 3.4% | n/m | 17.0 | 1.17 | 1.00 | 0.35% | −0.6% |
| Utilities | 1.9% | 13.1 | 14.2 | 1.26 | 1.28 | 2.96% | 9.7% |
| Services | 0.3% | 14.2 | 15.3 | 1.60 | 2.99 | 2.71% | 21.0% |
| Financials | 0.1% | 16.2 | — | 4.22 | 1.27 | 1.94% | 7.8% |
FYX 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 FYX weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
FYX largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MAT | Mattel, Inc. | 0.43% | 12.6 | 8.5 | 0.9 | — | 0.92% |
| DXC | DXC Technology Company | 0.43% | 17.9 | 4.2 | 0.2 | — | 0.65% |
| SLDE | Slide Insurance Holdings, Inc. | 0.40% | 6.6 | — | 2.3 | 1.03% | 1.62% |
| APPN | Appian Corporation | 0.39% | — | 416.7 | 3.7 | — | −0.02% |
| ASO | Academy Sports and Outdoors, Inc. | 0.38% | 9.8 | 7.3 | 0.6 | 1.02% | 1.03% |
| CRK | Comstock Resources, Inc. | 0.37% | 7.7 | 46.3 | 2.2 | — | 1.28% |
| AMPL_old | AMPL | 0.36% | — | — | — | — | — |
| FTRE | Fortrea Holdings Inc. | 0.36% | — | 12.1 | 0.8 | — | −0.40% |
| KSS | Kohl's Corporation | 0.36% | 9.6 | 8.5 | 0.2 | 2.32% | 1.01% |
| XERS | Xeris Biopharma Holdings, Inc. | 0.36% | — | 36.9 | 5.6 | — | −0.09% |
| HOG | Harley-Davidson, Inc. | 0.36% | 14.7 | 12.3 | 0.7 | 2.80% | 0.66% |
| NMIH | NMI Holdings, Inc. | 0.36% | 8.0 | 7.7 | 4.2 | — | 1.20% |
| CLOV | Clover Health Investments, Corp. | 0.36% | — | 37.7 | 1.0 | — | −0.09% |
| ASGN | ASGN Inc | 0.35% | — | — | — | — | — |
| MMS | Maximus, Inc. | 0.35% | 9.1 | 19.1 | 0.6 | 2.15% | 1.03% |
| FIGS | FIGS, Inc. | 0.35% | 57.9 | 31.5 | 4.5 | — | 0.16% |
| KALU | Kaiser Aluminum Corporation | 0.34% | 10.9 | 27.7 | 0.6 | 2.09% | 0.84% |
| SPNT | SiriusPoint Ltd. | 0.34% | 6.2 | 9.2 | 1.0 | — | 1.48% |
| AVA | Avista Corporation | 0.34% | 13.2 | 13.0 | 1.6 | 5.37% | 0.69% |
| FA | First Advantage Corporation | 0.34% | 137.0 | 12.9 | 2.0 | — | 0.07% |
| YELP | Yelp Inc | 0.34% | 9.6 | 14.7 | 0.7 | — | 0.95% |
| PEB | Pebblebrook Hotel Trust | 0.34% | — | 24.6 | 1.5 | 0.21% | −0.32% |
| STRA | Strategic Education, Inc. | 0.34% | 13.6 | 9.3 | 1.4 | 2.95% | 0.67% |
| HG | Hamilton Insurance Group, Ltd. | 0.34% | 6.3 | — | 1.2 | — | 1.44% |
| BRZE | Braze, Inc. | 0.34% | — | 39.8 | 4.0 | — | −0.32% |
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 FYX valuation
Adding up its 490 holdings with company data, FYX trades at 25.1 times trailing earnings and 12.4 times analysts' forward estimates, with a price-to-book ratio of 1.65 and a dividend yield of 1.55%. Its earnings yield of 3.99% is 1.34 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 3.8% of the fund and earn 6.6% of its combined profit. By sector, Technology is the most expensive at 35.2 times earnings and Utilities the cheapest at 13.1. Companies that lost money over the past year are 18.8% 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 93.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: FYX chart, FYX performance, FYX holdings, FYX dividends.
FYX valuation FAQ
What is the P/E ratio of FYX?
Based on its holdings, FYX has a trailing P/E of 25.1 and a forward P/E of 12.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of FYX?
The trailing earnings yield is 3.99% (1 ÷ P/E) and the forward earnings yield 8.07%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is FYX more expensive than the S&P 500?
FYX trades at 25.1 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 12.4 and 19.9.
What is the price-to-book ratio of FYX?
The holdings of FYX trade at 1.65 times book value, with a combined return on equity of 6.6%.
Which sector in FYX has the highest P/E?
Technology has the highest P/E at 35.2 and Utilities the lowest at 13.1.