MFS Active Growth ETF (MFSG) Valuation

NYSE: MFSGP/E, earnings yield and other ratios of the holdings combined.

MFSG valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 29.9
Forward P/E: 24.7
Price / sales: 1.36
Price / book: 9.76
EV / EBITDA: 21.2
Earnings yield: 3.34%
Dividend yield: 0.56%
Return on equity: 32.6%
Net margin: 4.5%
Beta: 1.35

MFSG valuation vs other stock ETFs

P/E (TTM)Forward P/E

MFSG valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
MFSG	29.9	24.7	1.36	9.76	0.56%	32.6%	4.5%	3.9%
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.

MFSG valuation by sector

P/E (TTM)Forward P/E

MFSG valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	48.5%	31.9	24.8	0.74	16.66	0.41%	52.2%
Communication Services	15.2%	19.5	23.6	8.03	7.05	0.30%	36.1%
Industrials	8.5%	39.8	32.3	5.56	9.49	0.56%	23.8%
Consumer Cyclical	8.5%	30.2	26.8	4.33	9.52	0.50%	31.5%
Healthcare	7.4%	52.6	20.4	5.84	4.00	0.96%	7.6%
Financial Services	6.2%	27.8	22.7	10.03	8.01	0.99%	28.8%
Consumer Defensive	2.0%	34.1	25.2	8.37	20.28	1.72%	59.4%
Basic Materials	1.8%	32.6	22.1	5.63	5.41	1.19%	16.6%
Energy	1.6%	23.0	22.3	3.48	4.39	2.42%	19.1%
Real Estate	0.3%	63.4	52.1	9.82	7.27	2.09%	11.5%

MFSG earnings yield vs bond yields

MFSG earnings yield (forward)

4.05%

MFSG earnings yield (trailing)

3.34%

MFSG dividend yield

0.56%

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 MFSG weight splits by P/E

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

MFSG largest holdings: valuation

MFSG largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
NVDA	NVIDIA Corporation	14.41%	27.1	24.9	17.1	0.47%	16.13%
GOOGL	Alphabet Inc.	11.14%	17.1	22.8	9.3	0.26%	19.76%
AAPL	Apple Inc.	6.55%	39.4	35.2	10.7	0.31%	5.04%
MSFT	Microsoft Corporation	6.16%	29.5	25.1	11.8	0.74%	6.33%
V	Visa Inc.	3.79%	34.3	24.0	17.0	0.67%	3.35%
AVGO	Broadcom Inc.	2.98%	43.3	19.4	17.6	0.79%	2.08%
AMZN	Amazon.com, Inc.	2.95%	20.1	23.6	3.5	—	4.44%
META	Meta Platforms, Inc.	2.74%	26.7	22.1	7.9	0.30%	3.10%
ANET	Arista Networks, Inc.	1.81%	55.8	39.2	21.2	—	0.98%
TSM	Taiwan Semiconductor Manufacturing Company Limited	1.69%	26.7	21.4	0.4	0.91%	1.91%
GEV	GE Vernova Inc.	1.66%	26.4	38.8	5.9	0.22%	1.90%
TMO	Thermo Fisher Scientific Inc.	1.64%	37.1	24.2	5.5	0.27%	1.34%
KLAC	KLA Corporation	1.43%	45.3	34.8	15.9	0.56%	0.95%
WAT	Waters Corporation	1.41%	110.6	24.8	9.2	—	0.39%
APH	Amphenol Corporation	1.37%	39.7	24.6	6.7	0.63%	1.04%
AMD	Advanced Micro Devices, Inc.	1.35%	134.9	39.5	20.9	—	0.30%
SNOW	Snowflake Inc.	1.31%	—	169.5	19.9	—	−0.41%
LRCX	Lam Research Corporation	1.30%	45.8	33.7	14.2	0.50%	0.86%
TJX	The TJX Companies, Inc.	1.27%	27.3	24.9	2.6	1.30%	1.41%
WDC	Western Digital Corporation	1.24%	12.3	22.8	9.6	0.18%	3.04%
ABNB	Airbnb, Inc.	1.21%	39.6	25.4	7.9	—	0.93%
GILD	Gilead Sciences, Inc.	1.18%	—	15.6	6.4	2.10%	−0.61%
SPCX	Space Exploration Technologies Corp.	1.13%	—	200.0	83.5	—	−0.15%
PM	Philip Morris International Inc.	1.12%	29.5	20.9	7.5	3.12%	1.15%
SHOP	Shopify Inc.	1.10%	114.5	58.8	16.6	—	0.29%

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 MFSG valuation

Adding up its 63 holdings with company data, MFSG trades at 29.9 times trailing earnings and 24.7 times analysts' forward estimates, with a price-to-book ratio of 9.76 and a dividend yield of 0.56%. Its earnings yield of 3.34% is 1.98 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 54.2% of the fund and earn 63.1% of its combined profit. By sector, Real Estate is the most expensive at 63.4 times earnings and Communication Services the cheapest at 19.5. Companies that lost money over the past year are 3.9% 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 98.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

MFSG valuation FAQ

What is the P/E ratio of MFSG?

Based on its holdings, MFSG has a trailing P/E of 29.9 and a forward P/E of 24.7 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of MFSG?

The trailing earnings yield is 3.34% (1 ÷ P/E) and the forward earnings yield 4.05%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is MFSG more expensive than the S&P 500?

MFSG trades at 29.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 24.7 and 19.9.

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

The holdings of MFSG trade at 9.76 times book value, with a combined return on equity of 32.6%.

Which sector in MFSG has the highest P/E?

Real Estate has the highest P/E at 63.4 and Communication Services the lowest at 19.5.