First Trust S&P 500 Diversified Dividend… (KNGZ) Valuation

NASDAQ: KNGZP/E, earnings yield and other ratios of the holdings combined.

KNGZ valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 18.9
Forward P/E: 13.2
Price / sales: 1.56
Price / book: 2.45
EV / EBITDA: 11.8
Earnings yield: 5.30%
Dividend yield: 3.22%
Return on equity: 13.0%
Net margin: 8.3%
Beta: 0.92

KNGZ valuation vs other stock ETFs

P/E (TTM)Forward P/E

KNGZ valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
KNGZ	18.9	13.2	1.56	2.45	3.22%	13.0%	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.

KNGZ valuation by sector

P/E (TTM)Forward P/E

KNGZ valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	42.9%	21.1	15.9	2.01	2.73	2.31%	12.9%
Financial Services	10.2%	12.1	9.7	1.69	1.38	3.82%	11.4%
Consumer Cyclical	10.2%	21.0	15.7	0.97	4.46	3.48%	21.3%
Healthcare	9.2%	27.5	12.3	1.35	2.79	3.30%	10.1%
Communication Services	9.1%	13.0	7.7	0.99	1.49	5.04%	11.5%
Industrials	6.3%	17.5	16.7	1.61	4.21	3.00%	24.0%
Consumer Defensive	4.1%	39.6	12.6	1.50	4.40	6.03%	11.1%
Energy	2.1%	17.9	13.2	2.31	2.30	2.74%	12.8%
Utilities	1.9%	13.7	13.7	1.88	1.60	4.23%	11.6%
Real Estate	1.6%	28.6	33.4	7.94	2.51	4.90%	8.8%
Basic Materials	0.8%	18.2	14.3	2.36	3.54	2.40%	19.5%

KNGZ earnings yield vs bond yields

KNGZ earnings yield (forward)

7.55%

KNGZ earnings yield (trailing)

5.30%

KNGZ dividend yield

3.22%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

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 KNGZ weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

KNGZ largest holdings: valuation

KNGZ largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
ACN	Accenture plc	6.76%	16.9	12.4	1.9	2.98%	7.66%
HPQ	HP Inc.	4.99%	11.5	9.9	0.5	4.00%	8.35%
IBM	International Business Machines Corporation	4.35%	20.6	17.4	3.2	2.91%	4.05%
QCOM	QUALCOMM Incorporated	3.61%	19.9	19.6	4.2	2.14%	3.48%
VZ	Verizon Communications Inc.	3.43%	11.7	8.7	1.3	6.32%	5.65%
TXN	Texas Instruments Incorporated	3.27%	42.1	27.5	13.0	2.20%	1.49%
MCHP	Microchip Technology Incorporated	3.07%	108.6	20.5	7.8	2.46%	0.54%
TEL	TE Connectivity Ltd.	2.59%	20.8	16.6	3.2	1.47%	2.39%
CMCSA	Comcast Corporation	2.45%	7.1	5.9	0.6	6.03%	6.65%
HPE	Hewlett Packard Enterprise Company	2.32%	28.4	13.6	1.7	1.03%	1.56%
ROP	Roper Technologies, Inc.	2.24%	15.9	15.0	4.6	0.95%	2.70%
ORCL	Oracle Corporation	2.20%	20.1	17.8	5.4	1.56%	2.10%
OMC	Omnicom Group Inc.	2.18%	212.0	7.4	1.0	3.97%	0.20%
MSFT	Microsoft Corporation	1.98%	29.5	25.1	11.8	0.74%	1.29%
PFE	Pfizer Inc.	1.94%	38.9	9.7	2.6	5.81%	0.96%
ADI	Analog Devices, Inc.	1.82%	47.0	23.2	13.8	1.11%	0.74%
BBY	Best Buy Co., Inc.	1.80%	15.4	13.6	0.5	4.15%	2.25%
HAS	Hasbro, Inc.	1.42%	17.8	13.5	2.8	2.84%	1.54%
GPC	Genuine Parts Company	1.21%	535.8	15.4	0.7	3.17%	0.04%
NKE	NIKE, Inc.	1.09%	17.9	21.0	1.2	4.42%	1.17%
PRU	Prudential Financial, Inc.	1.05%	10.5	9.8	0.6	4.83%	1.92%
GIS	General Mills, Inc.	1.05%	—	11.5	1.0	7.36%	−1.00%
UPS	United Parcel Service, Inc.	1.02%	18.1	12.0	0.9	6.73%	1.08%
BMY	Bristol-Myers Squibb Company	1.02%	13.2	9.4	2.5	4.22%	1.48%
PAYX	Paychex, Inc.	1.00%	22.1	17.5	6.0	4.26%	0.86%

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 KNGZ valuation

Adding up its 96 holdings with company data, KNGZ trades at 18.9 times trailing earnings and 13.2 times analysts' forward estimates, with a price-to-book ratio of 2.45 and a dividend yield of 3.22%. Its earnings yield of 5.30% is 0.03 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 36.8% of the fund and earn 41.8% of its combined profit. By sector, Consumer Defensive is the most expensive at 39.6 times earnings and Financial Services the cheapest at 12.1. 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 99.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

KNGZ valuation FAQ

What is the P/E ratio of KNGZ?

Based on its holdings, KNGZ has a trailing P/E of 18.9 and a forward P/E of 13.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of KNGZ?

The trailing earnings yield is 5.30% (1 ÷ P/E) and the forward earnings yield 7.55%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is KNGZ more expensive than the S&P 500?

KNGZ trades at 18.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 13.2 and 19.9.

What is the price-to-book ratio of KNGZ?

The holdings of KNGZ trade at 2.45 times book value, with a combined return on equity of 13.0%.

Which sector in KNGZ has the highest P/E?

Consumer Defensive has the highest P/E at 39.6 and Financial Services the lowest at 12.1.