FT Cboe Vest S&P 500 Dividend Aristocrats… (KNG) Valuation
KNG valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 23.2 trailing earnings
- Forward P/E
- 17.1 analyst estimates
- Price / sales
- 1.91
- Price / book
- 3.39
- EV / EBITDA
- 14.5
- Earnings yield
- 4.32% inverse of P/E
- Dividend yield
- 2.50% of the holdings
- Return on equity
- 14.6% combined
- Net margin
- 8.3% combined
- Beta
- 0.72 weighted, vs S&P 500
KNG valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| KNG | 23.2 | 17.1 | 1.91 | 3.39 | 2.50% | 14.6% | 8.3% | 1.4% |
| 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.
KNG valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Consumer Defensive | 22.7% | 22.0 | 16.6 | 1.36 | 4.15 | 3.27% | 18.9% |
| Industrials | 19.2% | 25.9 | 20.1 | 2.49 | 4.95 | 1.69% | 19.1% |
| Financial Services | 13.4% | 15.3 | 14.3 | 2.87 | 2.20 | 2.22% | 14.4% |
| Healthcare | 10.8% | 38.5 | 17.7 | 1.21 | 4.28 | 1.90% | 11.1% |
| Basic Materials | 9.7% | 33.0 | 16.7 | 2.63 | 3.78 | 1.54% | 11.5% |
| Consumer Cyclical | 5.6% | 24.0 | 14.0 | 1.13 | 4.41 | 3.77% | 18.3% |
| Utilities | 5.3% | 18.3 | 16.0 | 3.02 | 1.76 | 3.32% | 9.6% |
| Technology | 5.1% | 20.2 | 17.7 | 4.16 | 4.10 | 2.06% | 20.3% |
| Real Estate | 3.8% | 32.1 | 37.1 | 8.28 | 2.19 | 4.66% | 6.8% |
| Energy | 3.1% | 22.1 | 15.0 | 2.07 | 2.32 | 2.73% | 10.5% |
KNG 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 KNG weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
KNG largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| FDS | FactSet Research Systems Inc. | 1.84% | 20.7 | 13.9 | 4.3 | 1.54% | 2.09% |
| BDX | Becton, Dickinson and Company | 1.79% | 44.6 | 13.7 | 2.3 | 2.19% | 0.94% |
| ADP | Automatic Data Processing, Inc. | 1.75% | 26.4 | 22.0 | 5.2 | 2.35% | 1.56% |
| ROP | Roper Technologies, Inc. | 1.70% | 15.9 | 15.0 | 4.6 | 0.95% | 2.50% |
| ERIE | Erie Indemnity Company | 1.70% | 22.1 | 26.7 | 3.1 | 2.40% | 1.80% |
| EMR | Emerson Electric Co. | 1.65% | 35.3 | 21.5 | 4.9 | 1.37% | 1.10% |
| IBM | International Business Machines Corporation | 1.64% | 20.6 | 17.4 | 3.2 | 2.91% | 1.86% |
| MDT | Medtronic plc | 1.60% | 23.3 | 14.9 | 3.2 | 3.04% | 1.61% |
| CHD | Church & Dwight Co., Inc. | 1.57% | 33.5 | 23.4 | 4.0 | 1.18% | 1.10% |
| KO | The Coca-Cola Company | 1.57% | 28.2 | 25.3 | 8.1 | 2.26% | 1.31% |
| SJM | The J. M. Smucker Company | 1.57% | 59.5 | 12.0 | 1.5 | 3.52% | 0.62% |
| ABBV | AbbVie Inc. | 1.57% | 80.6 | 16.4 | 7.8 | 2.42% | 0.46% |
| NUE | Nucor Corporation | 1.57% | 20.4 | 11.4 | 1.6 | 0.87% | 1.80% |
| NDSN | Nordson Corporation | 1.57% | 32.6 | 24.8 | 6.0 | 1.17% | 1.13% |
| FAST | Fastenal Company | 1.55% | 41.5 | 37.5 | 6.4 | 2.04% | 0.88% |
| CAH | Cardinal Health, Inc. | 1.55% | 35.1 | 17.7 | 0.2 | 0.81% | 1.03% |
| CVX | Chevron Corporation | 1.55% | 21.2 | 15.2 | 2.1 | 3.16% | 1.71% |
| XOM | Exxon Mobil Corporation | 1.54% | 23.0 | 14.8 | 2.0 | 2.30% | 1.57% |
| BRO | Brown & Brown, Inc. | 1.53% | 21.9 | 12.6 | 3.5 | 0.95% | 1.64% |
| CTAS | Cintas Corporation | 1.52% | 42.1 | 36.2 | 7.3 | 0.97% | 0.85% |
| TGT | Target Corporation | 1.51% | 16.0 | 15.6 | 0.7 | 3.01% | 2.21% |
| BF.B | Brown-Forman Corporation | 1.51% | 18.6 | 15.6 | 3.4 | 3.20% | 1.90% |
| PG | The Procter & Gamble Company | 1.51% | 24.1 | 21.2 | 4.3 | 2.73% | 1.47% |
| SPGI | S&P Global Inc. | 1.51% | 26.1 | 19.9 | 7.9 | 0.90% | 1.35% |
| AMCR | Amcor plc | 1.51% | 18.4 | 10.6 | 0.9 | 5.93% | 1.92% |
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 KNG valuation
Adding up its 69 holdings with company data, KNG trades at 23.2 times trailing earnings and 17.1 times analysts' forward estimates, with a price-to-book ratio of 3.39 and a dividend yield of 2.50%. Its earnings yield of 4.32% is 1.01 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 16.8% of the fund and earn 15.9% of its combined profit. By sector, Healthcare is the most expensive at 38.5 times earnings and Financial Services the cheapest at 15.3. Companies that lost money over the past year are 1.4% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: KNG chart, KNG performance, KNG holdings, KNG dividends.
KNG valuation FAQ
What is the P/E ratio of KNG?
Based on its holdings, KNG has a trailing P/E of 23.2 and a forward P/E of 17.1 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of KNG?
The trailing earnings yield is 4.32% (1 ÷ P/E) and the forward earnings yield 5.85%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is KNG more expensive than the S&P 500?
KNG trades at 23.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.1 and 19.9.
What is the price-to-book ratio of KNG?
The holdings of KNG trade at 3.39 times book value, with a combined return on equity of 14.6%.
Which sector in KNG has the highest P/E?
Healthcare has the highest P/E at 38.5 and Financial Services the lowest at 15.3.