First Trust Bloomberg R&D Leaders ETF (RND) Valuation
RND valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 28.5 trailing earnings
- Forward P/E
- 22.2 analyst estimates
- Price / sales
- 7.33
- Price / book
- 9.45
- EV / EBITDA
- 19.5
- Earnings yield
- 3.50% inverse of P/E
- Dividend yield
- 0.62% of the holdings
- Return on equity
- 33.1% combined
- Net margin
- 25.7% combined
- Beta
- 1.28 weighted, vs S&P 500
RND valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| RND | 28.5 | 22.2 | 7.33 | 9.45 | 0.62% | 33.1% | 25.7% | 2.5% |
| 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.
RND valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 44.0% | 30.0 | 21.9 | 9.97 | 14.23 | 0.52% | 47.4% |
| Healthcare | 19.1% | 35.6 | 18.3 | 6.17 | 7.07 | 1.47% | 19.8% |
| Communication Services | 14.6% | 19.9 | 21.6 | 8.02 | 7.49 | 0.21% | 37.6% |
| Consumer Cyclical | 13.7% | 28.0 | 28.9 | 4.66 | 7.13 | 0.11% | 25.5% |
| Industrials | 6.4% | 32.4 | 31.0 | 5.49 | 13.62 | 0.56% | 42.1% |
| Financial Services | 1.3% | 24.9 | 21.9 | 15.64 | 3.67 | 1.77% | 14.7% |
RND 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 RND weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
RND largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| AAPL | Apple Inc. | 8.46% | 39.4 | 35.2 | 10.7 | 0.31% | 6.19% |
| MSFT | Microsoft Corporation | 8.21% | 29.5 | 25.1 | 11.8 | 0.74% | 8.02% |
| AMZN | Amazon.com, Inc. | 7.95% | 20.1 | 23.6 | 3.5 | — | 11.39% |
| NVDA | NVIDIA Corporation | 7.77% | 27.1 | 24.9 | 17.1 | 0.47% | 8.27% |
| GOOGL | Alphabet Inc. | 7.66% | 17.1 | 22.8 | 9.3 | 0.26% | 12.91% |
| LLY | Eli Lilly and Company | 4.55% | 42.2 | 24.4 | 14.1 | 0.55% | 3.10% |
| TSLA | Tesla, Inc. | 4.28% | 328.4 | 158.7 | 13.5 | — | 0.38% |
| AVGO | Broadcom Inc. | 3.88% | 43.3 | 19.4 | 17.6 | 0.79% | 2.58% |
| META | Meta Platforms, Inc. | 3.68% | 26.7 | 22.1 | 7.9 | 0.30% | 3.96% |
| AMD | Advanced Micro Devices, Inc. | 3.44% | 134.9 | 39.5 | 20.9 | — | 0.74% |
| NFLX | Netflix, Inc. | 3.23% | 22.2 | 18.7 | 6.1 | — | 4.19% |
| MU | Micron Technology, Inc. | 3.18% | 11.8 | 7.0 | 7.5 | 0.07% | 7.76% |
| AMGN | Amgen Inc. | 2.93% | 26.9 | 16.7 | 6.1 | 2.33% | 3.14% |
| GEV | GE Vernova Inc. | 2.77% | 26.4 | 38.8 | 5.9 | 0.22% | 3.02% |
| GILD | Gilead Sciences, Inc. | 2.28% | — | 15.6 | 6.4 | 2.10% | −1.11% |
| APH | Amphenol Corporation | 2.16% | 39.7 | 24.6 | 6.7 | 0.63% | 1.57% |
| ISRG | Intuitive Surgical, Inc. | 1.78% | 48.9 | 33.3 | 13.7 | — | 1.05% |
| DHR | Danaher Corporation | 1.68% | 40.8 | 23.8 | 6.4 | 0.70% | 1.18% |
| UBER | Uber Technologies, Inc. | 1.67% | 15.4 | 15.9 | 2.6 | — | 3.12% |
| ETN | Eaton Corporation plc | 1.63% | 39.8 | 27.6 | 5.1 | 1.12% | 1.18% |
| BMY | Bristol-Myers Squibb Company | 1.61% | 13.2 | 9.4 | 2.5 | 4.22% | 3.53% |
| VRTX | Vertex Pharmaceuticals Incorporated | 1.55% | 28.9 | 24.1 | 10.1 | — | 1.55% |
| BKNG | Booking Holdings Inc. | 1.47% | 18.1 | 13.3 | 4.3 | 1.03% | 2.34% |
| MDT | Medtronic plc | 1.46% | 23.3 | 14.9 | 3.2 | 3.04% | 1.81% |
| ADP | Automatic Data Processing, Inc. | 1.41% | 26.4 | 22.0 | 5.2 | 2.35% | 1.54% |
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 RND valuation
Adding up its 50 holdings with company data, RND trades at 28.5 times trailing earnings and 22.2 times analysts' forward estimates, with a price-to-book ratio of 9.45 and a dividend yield of 0.62%. Its earnings yield of 3.50% is 1.82 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 59.9% of the fund and earn 57.5% of its combined profit. By sector, Healthcare is the most expensive at 35.6 times earnings and Communication Services the cheapest at 19.9. Companies that lost money over the past year are 2.5% 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: RND chart, RND performance, RND holdings.
RND valuation FAQ
What is the P/E ratio of RND?
Based on its holdings, RND has a trailing P/E of 28.5 and a forward P/E of 22.2 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of RND?
The trailing earnings yield is 3.50% (1 ÷ P/E) and the forward earnings yield 4.51%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is RND more expensive than the S&P 500?
RND trades at 28.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 22.2 and 19.9.
What is the price-to-book ratio of RND?
The holdings of RND trade at 9.45 times book value, with a combined return on equity of 33.1%.
Which sector in RND has the highest P/E?
Healthcare has the highest P/E at 35.6 and Communication Services the lowest at 19.9.