JPMorgan Fundamental Data Science Large Core ETF (LCDS) Valuation
LCDS valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.2 trailing earnings
- Forward P/E
- 19.0 analyst estimates
- Price / sales
- 3.72
- Price / book
- 5.32
- EV / EBITDA
- 16.8
- Earnings yield
- 4.14% inverse of P/E
- Dividend yield
- 1.12% of the holdings
- Return on equity
- 22.0% combined
- Net margin
- 15.4% combined
- Beta
- 1.11 weighted, vs S&P 500
LCDS valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| LCDS | 24.2 | 19.0 | 3.72 | 5.32 | 1.12% | 22.0% | 15.4% | 0.5% |
| 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.
LCDS valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 37.6% | 29.7 | 21.5 | 8.89 | 11.88 | 0.55% | 40.0% |
| Financial Services | 12.1% | 15.6 | 13.6 | 3.09 | 2.60 | 1.58% | 16.7% |
| Healthcare | 9.8% | 29.4 | 16.3 | 2.22 | 4.82 | 1.62% | 16.4% |
| Communication Services | 9.1% | 17.7 | 18.7 | 4.38 | 4.34 | 0.75% | 24.4% |
| Consumer Cyclical | 9.1% | 25.0 | 24.6 | 3.31 | 7.91 | 0.50% | 31.7% |
| Industrials | 8.0% | 28.1 | 21.8 | 3.13 | 6.05 | 1.32% | 21.5% |
| Consumer Defensive | 4.7% | 27.4 | 20.8 | 1.23 | 6.96 | 2.28% | 25.4% |
| Energy | 4.1% | 18.4 | 12.9 | 2.39 | 2.45 | 2.36% | 13.3% |
| Utilities | 2.5% | 21.4 | 17.2 | 3.57 | 2.53 | 3.00% | 11.8% |
| Real Estate | 1.7% | 46.1 | 44.1 | 9.16 | 2.92 | 3.02% | 6.3% |
| Basic Materials | 1.1% | 27.3 | 16.4 | 2.46 | 2.61 | 0.85% | 9.5% |
LCDS 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 LCDS weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
LCDS largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 8.23% | 27.1 | 24.9 | 17.1 | 0.47% | 7.38% |
| AAPL | Apple Inc. | 7.87% | 39.4 | 35.2 | 10.7 | 0.31% | 4.85% |
| MSFT | Microsoft Corporation | 6.43% | 29.5 | 25.1 | 11.8 | 0.74% | 5.30% |
| GOOGL | Alphabet Inc. | 4.52% | 17.1 | 22.8 | 9.3 | 0.26% | 6.42% |
| AMZN | Amazon.com, Inc. | 4.42% | 20.1 | 23.6 | 3.5 | — | 5.33% |
| META | Meta Platforms, Inc. | 2.72% | 26.7 | 22.1 | 7.9 | 0.30% | 2.47% |
| AVGO | Broadcom Inc. | 2.16% | 43.3 | 19.4 | 17.6 | 0.79% | 1.21% |
| WFC | Wells Fargo & Company | 2.14% | 11.8 | 10.2 | 3.0 | 2.38% | 4.39% |
| XOM | Exxon Mobil Corporation | 2.07% | 23.0 | 14.8 | 2.0 | 2.30% | 2.18% |
| MU | Micron Technology, Inc. | 2.04% | 11.8 | 7.0 | 7.5 | 0.07% | 4.19% |
| MA | Mastercard Incorporated | 1.88% | 34.0 | 24.2 | 15.4 | 0.56% | 1.34% |
| LLY | Eli Lilly and Company | 1.55% | 42.2 | 24.4 | 14.1 | 0.55% | 0.89% |
| ABBV | AbbVie Inc. | 1.54% | 80.6 | 16.4 | 7.8 | 2.42% | 0.46% |
| TSLA | Tesla, Inc. | 1.37% | 328.4 | 158.7 | 13.5 | — | 0.10% |
| AMD | Advanced Micro Devices, Inc. | 1.37% | 134.9 | 39.5 | 20.9 | — | 0.25% |
| PM | Philip Morris International Inc. | 1.33% | 29.5 | 20.9 | 7.5 | 3.12% | 1.10% |
| CSX | CSX Corporation | 1.27% | 28.3 | 21.2 | 6.2 | 1.15% | 1.09% |
| BAC | Bank of America Corporation | 1.10% | 12.2 | 10.8 | 3.1 | 2.50% | 2.18% |
| RTX | RTX Corporation | 1.09% | 34.1 | 24.6 | 2.8 | 1.51% | 0.77% |
| UNH | UnitedHealth Group Incorporated | 1.05% | 25.8 | 16.6 | 0.8 | 2.31% | 0.99% |
| COP | ConocoPhillips | 1.04% | 19.4 | 12.7 | 2.7 | 2.29% | 1.30% |
| AXP | American Express Company | 0.97% | 19.0 | 15.1 | 3.0 | 1.21% | 1.24% |
| EOG | EOG Resources, Inc. | 0.95% | 12.3 | 10.1 | 3.1 | 2.58% | 1.88% |
| TMO | Thermo Fisher Scientific Inc. | 0.94% | 37.1 | 24.2 | 5.5 | 0.27% | 0.61% |
| BMY | Bristol-Myers Squibb Company | 0.93% | 13.2 | 9.4 | 2.5 | 4.22% | 1.71% |
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 LCDS valuation
Adding up its 113 holdings with company data, LCDS trades at 24.2 times trailing earnings and 19.0 times analysts' forward estimates, with a price-to-book ratio of 5.32 and a dividend yield of 1.12%. Its earnings yield of 4.14% is 1.19 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 42.6% of the fund and earn 43.7% of its combined profit. By sector, Real Estate is the most expensive at 46.1 times earnings and Financial Services the cheapest at 15.6. Companies that lost money over the past year are 0.5% 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: LCDS chart, LCDS performance, LCDS holdings, LCDS dividends.
LCDS valuation FAQ
What is the P/E ratio of LCDS?
Based on its holdings, LCDS has a trailing P/E of 24.2 and a forward P/E of 19.0 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of LCDS?
The trailing earnings yield is 4.14% (1 ÷ P/E) and the forward earnings yield 5.27%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is LCDS more expensive than the S&P 500?
LCDS trades at 24.2 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.0 and 19.9.
What is the price-to-book ratio of LCDS?
The holdings of LCDS trade at 5.32 times book value, with a combined return on equity of 22.0%.
Which sector in LCDS has the highest P/E?
Real Estate has the highest P/E at 46.1 and Financial Services the lowest at 15.6.