Touchstone US Large Cap Focused ETF (LCF) Valuation
LCF valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.3 trailing earnings
- Forward P/E
- 19.5 analyst estimates
- Price / sales
- 3.10
- Price / book
- 4.93
- EV / EBITDA
- 16.2
- Earnings yield
- 4.12% inverse of P/E
- Dividend yield
- 0.93% of the holdings
- Return on equity
- 20.3% combined
- Net margin
- 12.7% combined
- Beta
- 1.13 weighted, vs S&P 500
LCF valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| LCF | 24.3 | 19.5 | 3.10 | 4.93 | 0.93% | 20.3% | 12.7% | 0.9% |
| 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.
LCF valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 36.8% | 30.5 | 23.8 | 9.61 | 11.90 | 0.64% | 39.1% |
| Communication Services | 16.4% | 19.1 | 19.4 | 5.27 | 4.83 | 0.52% | 25.3% |
| Financial Services | 12.9% | 15.8 | 14.5 | 2.99 | 2.26 | 1.28% | 14.3% |
| Healthcare | 10.0% | 24.5 | 14.6 | 0.94 | 3.75 | 2.11% | 15.3% |
| Consumer Cyclical | 8.1% | 22.3 | 22.6 | 3.79 | 6.02 | 0.18% | 27.0% |
| Industrials | 5.4% | 100.6 | 25.3 | 1.72 | 3.60 | 0.93% | 3.6% |
| Consumer Defensive | 4.0% | 32.9 | 24.0 | 8.15 | 26.46 | 2.05% | 80.4% |
| Energy | 2.5% | 23.0 | 14.8 | 2.04 | 2.56 | 2.30% | 11.1% |
| Real Estate | 1.2% | 14.7 | 10.4 | 0.51 | 2.07 | 0.00% | 14.1% |
| Basic Materials | 0.7% | 89.8 | 17.7 | 2.15 | 1.56 | 1.76% | 1.7% |
LCF 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 LCF weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
LCF largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MSFT | Microsoft Corporation | 9.65% | 29.5 | 25.1 | 11.8 | 0.74% | 8.12% |
| AAPL | Apple Inc. | 8.54% | 39.4 | 35.2 | 10.7 | 0.31% | 5.37% |
| GOOG | Alphabet Inc. | 8.42% | 16.9 | 21.8 | 9.2 | 0.26% | 12.35% |
| NVDA | NVIDIA Corporation | 7.49% | 27.1 | 24.9 | 17.1 | 0.47% | 6.86% |
| META | Meta Platforms, Inc. | 5.88% | 26.7 | 22.1 | 7.9 | 0.30% | 5.46% |
| AMZN | Amazon.com, Inc. | 5.68% | 20.1 | 23.6 | 3.5 | — | 7.00% |
| BAC | Bank of America Corporation | 2.80% | 12.2 | 10.8 | 3.1 | 2.50% | 5.69% |
| PM | Philip Morris International Inc. | 2.60% | 29.5 | 20.9 | 7.5 | 3.12% | 2.19% |
| XOM | Exxon Mobil Corporation | 2.54% | 23.0 | 14.8 | 2.0 | 2.30% | 2.74% |
| V | Visa Inc. | 2.43% | 34.3 | 24.0 | 17.0 | 0.67% | 1.76% |
| AVGO | Broadcom Inc. | 2.36% | 43.3 | 19.4 | 17.6 | 0.79% | 1.35% |
| ABNB | Airbnb, Inc. | 1.98% | 39.6 | 25.4 | 7.9 | — | 1.24% |
| BDX | Becton, Dickinson and Company | 1.97% | 44.6 | 13.7 | 2.3 | 2.19% | 1.10% |
| AMAT | Applied Materials, Inc. | 1.83% | 35.3 | 23.4 | 10.5 | 0.52% | 1.29% |
| MDT | Medtronic plc | 1.80% | 23.3 | 14.9 | 3.2 | 3.04% | 1.91% |
| SCHW | The Charles Schwab Corporation | 1.75% | 15.7 | 12.9 | 5.9 | 1.39% | 2.76% |
| BRK.B | Berkshire Hathaway Inc. | 1.75% | 13.4 | 22.7 | 3.0 | — | 3.24% |
| BA | The Boeing Company | 1.57% | 67.9 | 49.5 | 1.6 | — | 0.57% |
| CRM | Salesforce, Inc. | 1.57% | 22.0 | 14.0 | 4.5 | 0.73% | 1.77% |
| MKL | Markel Corporation | 1.55% | 10.2 | 15.2 | 1.4 | — | 3.77% |
| ORCL | Oracle Corporation | 1.54% | 20.1 | 17.8 | 5.4 | 1.56% | 1.90% |
| DE | Deere & Company | 1.47% | 35.7 | 29.3 | 3.6 | 1.01% | 1.02% |
| UNH | UnitedHealth Group Incorporated | 1.39% | 25.8 | 16.6 | 0.8 | 2.31% | 1.34% |
| LPLA | LPL Financial Holdings Inc. | 1.37% | 25.5 | 10.9 | 1.3 | 0.37% | 1.33% |
| MNST | Monster Beverage Corporation | 1.36% | 42.3 | 33.7 | 9.7 | — | 0.80% |
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 LCF valuation
Adding up its 45 holdings with company data, LCF trades at 24.3 times trailing earnings and 19.5 times analysts' forward estimates, with a price-to-book ratio of 4.93 and a dividend yield of 0.93%. Its earnings yield of 4.12% is 1.21 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 56.0% of the fund and earn 57.5% of its combined profit. By sector, Industrials is the most expensive at 100.6 times earnings and Real Estate the cheapest at 14.7. Companies that lost money over the past year are 0.9% 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: LCF chart, LCF performance, LCF holdings, LCF dividends.
LCF valuation FAQ
What is the P/E ratio of LCF?
Based on its holdings, LCF has a trailing P/E of 24.3 and a forward P/E of 19.5 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of LCF?
The trailing earnings yield is 4.12% (1 ÷ P/E) and the forward earnings yield 5.13%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is LCF more expensive than the S&P 500?
LCF trades at 24.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.5 and 19.9.
What is the price-to-book ratio of LCF?
The holdings of LCF trade at 4.93 times book value, with a combined return on equity of 20.3%.
Which sector in LCF has the highest P/E?
Industrials has the highest P/E at 100.6 and Real Estate the lowest at 14.7.