First Trust Innovation Leaders ETF (ILDR) Valuation
ILDR valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 48.3 trailing earnings
- Forward P/E
- 22.3 analyst estimates
- Price / sales
- 7.05
- Price / book
- 8.00
- EV / EBITDA
- 24.5
- Earnings yield
- 2.07% inverse of P/E
- Dividend yield
- 0.30% of the holdings
- Return on equity
- 16.6% combined
- Net margin
- 14.6% combined
- Beta
- 1.57 weighted, vs S&P 500
ILDR valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| ILDR | 48.3 | 22.3 | 7.05 | 8.00 | 0.30% | 16.6% | 14.6% | 12.8% |
| 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.
ILDR valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 51.4% | 45.2 | 25.8 | 7.79 | 9.06 | 0.33% | 20.1% |
| Healthcare | 13.0% | n/m | 10.2 | 8.82 | 9.82 | 0.16% | −5.1% |
| Industrials | 11.8% | n/m | 37.1 | 5.96 | 7.57 | 0.37% | 0.2% |
| Consumer Cyclical | 9.3% | 26.8 | 28.7 | 4.13 | 6.09 | 0.00% | 22.7% |
| Communication Services | 7.1% | 20.1 | 23.2 | 8.70 | 7.38 | 0.22% | 36.7% |
| Financial Services | 2.9% | 73.1 | 48.7 | 10.71 | 6.03 | 0.00% | 8.2% |
| Utilities | 2.3% | 24.3 | 17.1 | 4.30 | 3.36 | 1.82% | 13.8% |
ILDR 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 ILDR weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
ILDR largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 9.44% | 27.1 | 24.9 | 17.1 | 0.47% | 18.49% |
| AMZN | Amazon.com, Inc. | 6.42% | 20.1 | 23.6 | 3.5 | — | 16.93% |
| AMD | Advanced Micro Devices, Inc. | 5.59% | 134.9 | 39.5 | 20.9 | — | 2.20% |
| GOOGL | Alphabet Inc. | 4.63% | 17.1 | 22.8 | 9.3 | 0.26% | 14.36% |
| LLY | Eli Lilly and Company | 3.44% | 42.2 | 24.4 | 14.1 | 0.55% | 4.32% |
| AVGO | Broadcom Inc. | 3.34% | 43.3 | 19.4 | 17.6 | 0.79% | 4.08% |
| MRVL | Marvell Technology, Inc. | 3.33% | 72.3 | 62.1 | 21.7 | 0.11% | 2.44% |
| MSFT | Microsoft Corporation | 2.95% | 29.5 | 25.1 | 11.8 | 0.74% | 5.31% |
| ORCL | Oracle Corporation | 2.45% | 20.1 | 17.8 | 5.4 | 1.56% | 6.47% |
| MU | Micron Technology, Inc. | 2.45% | 11.8 | 7.0 | 7.5 | 0.07% | 10.97% |
| SHOP | Shopify Inc. | 2.44% | 114.5 | 58.8 | 16.6 | — | 1.13% |
| ANET | Arista Networks, Inc. | 2.35% | 55.8 | 39.2 | 21.2 | — | 2.23% |
| ETN | Eaton Corporation plc | 1.86% | 39.8 | 27.6 | 5.1 | 1.12% | 2.47% |
| TSLA | Tesla, Inc. | 1.84% | 328.4 | 158.7 | 13.5 | — | 0.30% |
| ENR | Siemens Energy AG | 1.66% | — | — | — | — | — |
| SU | Schneider Electric S.E. | 1.50% | — | — | — | — | — |
| NOW | ServiceNow, Inc. | 1.47% | 88.7 | 27.8 | 10.0 | — | 0.88% |
| RBRK | Rubrik, Inc. | 1.41% | — | 625.0 | 15.0 | — | −0.66% |
| NBIX | Neurocrine Biosciences, Inc. | 1.20% | 19.9 | 14.1 | 4.1 | — | 3.20% |
| DELL | Dell Technologies Inc. | 1.19% | 26.3 | 21.3 | 1.9 | 0.56% | 2.39% |
| META | Meta Platforms, Inc. | 1.16% | 26.7 | 22.1 | 7.9 | 0.30% | 2.31% |
| NEE | NextEra Energy, Inc. | 1.16% | 17.9 | 17.7 | 5.8 | 3.12% | 3.42% |
| PLTR | Palantir Technologies Inc. | 1.08% | 160.4 | 85.5 | 72.6 | — | 0.36% |
| ADYEN | Adyen NV | 1.01% | — | — | — | — | — |
| XMTR | Xometry, Inc. | 1.00% | — | 94.3 | 6.5 | — | −0.34% |
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 ILDR valuation
Adding up its 71 holdings with company data, ILDR trades at 48.3 times trailing earnings and 22.3 times analysts' forward estimates, with a price-to-book ratio of 8.00 and a dividend yield of 0.30%. Its earnings yield of 2.07% is 3.26 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 44.0% of the fund and earn 85.6% of its combined profit. By sector, Financial Services is the most expensive at 73.1 times earnings and Communication Services the cheapest at 20.1. Companies that lost money over the past year are 12.8% 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 92.3% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: ILDR chart, ILDR performance, ILDR holdings.
ILDR valuation FAQ
What is the P/E ratio of ILDR?
Based on its holdings, ILDR has a trailing P/E of 48.3 and a forward P/E of 22.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of ILDR?
The trailing earnings yield is 2.07% (1 ÷ P/E) and the forward earnings yield 4.49%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is ILDR more expensive than the S&P 500?
ILDR trades at 48.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 22.3 and 19.9.
What is the price-to-book ratio of ILDR?
The holdings of ILDR trade at 8.00 times book value, with a combined return on equity of 16.6%.
Which sector in ILDR has the highest P/E?
Financial Services has the highest P/E at 73.1 and Communication Services the lowest at 20.1.