JPMorgan Fundamental Data Science Mid Core ETF (MCDS) Valuation
MCDS valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 24.7 trailing earnings
- Forward P/E
- 15.8 analyst estimates
- Price / sales
- 1.64
- Price / book
- 3.27
- EV / EBITDA
- 14.7
- Earnings yield
- 4.05% inverse of P/E
- Dividend yield
- 1.32% of the holdings
- Return on equity
- 13.3% combined
- Net margin
- 6.6% combined
- Beta
- 1.00 weighted, vs S&P 500
MCDS valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| MCDS | 24.7 | 15.8 | 1.64 | 3.27 | 1.32% | 13.3% | 6.6% | 6.6% |
| 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.
MCDS valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 18.2% | 28.4 | 18.0 | 2.19 | 4.82 | 0.55% | 16.9% |
| Industrials | 14.5% | 27.5 | 19.6 | 2.35 | 4.79 | 0.79% | 17.5% |
| Financial Services | 12.8% | 13.4 | 11.8 | 2.34 | 1.75 | 1.77% | 13.1% |
| Healthcare | 12.3% | 53.0 | 21.4 | 1.12 | 4.44 | 0.39% | 8.4% |
| Consumer Cyclical | 9.9% | 23.7 | 14.3 | 1.18 | 4.66 | 1.81% | 19.6% |
| Energy | 6.8% | 18.7 | 9.9 | 1.82 | 3.00 | 1.46% | 16.1% |
| Real Estate | 6.3% | 33.1 | 29.5 | 3.19 | 2.79 | 3.48% | 8.4% |
| Utilities | 6.0% | 21.8 | 16.7 | 3.19 | 2.29 | 2.80% | 10.5% |
| Consumer Defensive | 4.7% | 32.8 | 16.0 | 0.57 | 2.64 | 1.68% | 8.1% |
| Basic Materials | 3.1% | 28.0 | 12.0 | 1.35 | 2.88 | 0.98% | 10.3% |
| Communication Services | 2.2% | 40.5 | 11.8 | 1.38 | 3.84 | 0.96% | 9.5% |
MCDS 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 MCDS weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
MCDS largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| MPC | Marathon Petroleum Corporation | 1.94% | 16.6 | 5.5 | 0.9 | 0.84% | 3.02% |
| NTRA | Natera, Inc. | 1.30% | — | — | 20.9 | — | −0.11% |
| HPE | Hewlett Packard Enterprise Company | 1.30% | 28.4 | 13.6 | 1.7 | 1.03% | 1.18% |
| CAH | Cardinal Health, Inc. | 1.25% | 35.1 | 17.7 | 0.2 | 0.81% | 0.92% |
| STT | State Street Corporation | 1.09% | 13.5 | 11.9 | 2.9 | 2.22% | 2.07% |
| WAB | Westinghouse Air Brake Technologies Corporation | 1.04% | 38.6 | 23.8 | 4.0 | 0.43% | 0.70% |
| SNOW | Snowflake Inc. | 0.98% | — | 169.5 | 19.9 | — | −0.26% |
| DGX | Quest Diagnostics Incorporated | 0.97% | 24.6 | 19.5 | 2.2 | 1.46% | 1.02% |
| MTB | M&T Bank Corporation | 0.97% | 11.4 | 10.6 | 3.3 | 2.79% | 2.19% |
| DOV | Dover Corporation | 0.93% | 23.7 | 16.9 | 3.1 | 1.07% | 1.01% |
| L | Loews Corporation | 0.93% | 13.5 | 12.2 | 1.2 | 0.23% | 1.77% |
| CMS | CMS Energy Corporation | 0.92% | 20.6 | 15.2 | 2.4 | 3.32% | 1.15% |
| HIG | The Hartford Financial Services Group, Inc. | 0.91% | 9.6 | 9.2 | 1.2 | 1.78% | 2.45% |
| RJF | Raymond James Financial, Inc. | 0.89% | 13.7 | 11.4 | 2.0 | 1.38% | 1.68% |
| SNX | TD SYNNEX Corporation | 0.89% | 15.0 | 12.7 | 0.3 | 0.78% | 1.53% |
| AME | AMETEK, Inc. | 0.89% | 36.3 | 28.2 | 7.2 | 0.55% | 0.63% |
| ACGL | Arch Capital Group Ltd. | 0.89% | 7.9 | 9.6 | 1.8 | — | 2.89% |
| TER | Teradyne, Inc. | 0.89% | 44.6 | 30.7 | 11.4 | 0.16% | 0.51% |
| GRMN | Garmin Ltd. | 0.85% | 29.4 | 24.8 | 7.2 | 1.47% | 0.74% |
| LNG | Cheniere Energy, Inc. | 0.85% | 21.9 | 13.5 | 2.9 | 0.77% | 1.00% |
| XEL | Xcel Energy Inc. | 0.85% | 20.9 | 16.0 | 3.3 | 3.11% | 1.04% |
| ETR | Entergy Corporation | 0.85% | 26.9 | 19.6 | 3.7 | 2.44% | 0.81% |
| IQV | IQVIA Holdings Inc. | 0.84% | 33.2 | 18.4 | 2.6 | — | 0.65% |
| HUM | Humana Inc. | 0.83% | 39.1 | 24.3 | 0.3 | 0.86% | 0.55% |
| EW | Edwards Lifesciences Corporation | 0.82% | 51.5 | 25.6 | 7.7 | — | 0.41% |
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 MCDS valuation
Adding up its 199 holdings with company data, MCDS trades at 24.7 times trailing earnings and 15.8 times analysts' forward estimates, with a price-to-book ratio of 3.27 and a dividend yield of 1.32%. Its earnings yield of 4.05% is 1.28 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 11.8% of the fund and earn 11.7% of its combined profit. By sector, Healthcare is the most expensive at 53.0 times earnings and Financial Services the cheapest at 13.4. Companies that lost money over the past year are 6.6% 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 99.1% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: MCDS chart, MCDS performance, MCDS holdings, MCDS dividends.
MCDS valuation FAQ
What is the P/E ratio of MCDS?
Based on its holdings, MCDS has a trailing P/E of 24.7 and a forward P/E of 15.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of MCDS?
The trailing earnings yield is 4.05% (1 ÷ P/E) and the forward earnings yield 6.32%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is MCDS more expensive than the S&P 500?
MCDS trades at 24.7 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 15.8 and 19.9.
What is the price-to-book ratio of MCDS?
The holdings of MCDS trade at 3.27 times book value, with a combined return on equity of 13.3%.
Which sector in MCDS has the highest P/E?
Healthcare has the highest P/E at 53.0 and Financial Services the lowest at 13.4.