Motley Fool Mid-Cap Growth ETF (TMFM) Valuation
TMFM valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 49.0 trailing earnings
- Forward P/E
- 21.8 analyst estimates
- Price / sales
- 0.88
- Price / book
- 4.70
- EV / EBITDA
- 21.4
- Earnings yield
- 2.04% inverse of P/E
- Dividend yield
- 0.51% of the holdings
- Return on equity
- 9.6% combined
- Net margin
- 1.8% combined
- Beta
- 1.08 weighted, vs S&P 500
TMFM valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| TMFM | 49.0 | 21.8 | 0.88 | 4.70 | 0.51% | 9.6% | 1.8% | 7.6% |
| 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.
TMFM valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 37.9% | 45.8 | 24.7 | 4.86 | 7.65 | 0.29% | 16.7% |
| Healthcare | 22.6% | 85.8 | 26.1 | 6.57 | 4.40 | 0.03% | 5.1% |
| Industrials | 16.1% | 190.8 | 24.7 | 1.43 | 3.25 | 0.78% | 1.7% |
| Financial Services | 13.5% | 25.4 | 12.8 | 0.17 | 3.00 | 0.81% | 11.8% |
| Real Estate | 2.8% | 20.2 | 19.4 | 6.91 | 91.04 | 2.67% | 451.2% |
| Consumer Defensive | 1.5% | 42.7 | 16.6 | 0.24 | 2.91 | 0.00% | 6.8% |
| Communication Services | 1.5% | 61.4 | 48.8 | 6.27 | 4.07 | 1.80% | 6.6% |
| Consumer Cyclical | 1.3% | 17.4 | 14.5 | 1.11 | 6.39 | 2.88% | 36.8% |
TMFM 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 TMFM weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
TMFM largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| DXCM | DexCom, Inc. | 5.48% | 34.1 | 28.2 | 6.5 | — | 8.10% |
| GWRE | Guidewire Software, Inc. | 5.40% | 103.6 | 34.8 | 9.4 | — | 2.63% |
| DDOG | Datadog, Inc. | 5.25% | 494.2 | 84.7 | 22.4 | — | 0.54% |
| TYL | Tyler Technologies, Inc. | 4.82% | 47.5 | 23.7 | 6.1 | — | 5.12% |
| HQY | HealthEquity, Inc. | 4.76% | 33.2 | 19.7 | 5.6 | — | 7.23% |
| TOST | Toast, Inc. | 4.46% | 40.0 | 17.6 | 2.7 | — | 5.62% |
| BR | Broadridge Financial Solutions, Inc. | 4.45% | 18.2 | 15.5 | 2.6 | 2.49% | 12.30% |
| WAT | Waters Corporation | 4.44% | 110.6 | 24.8 | 9.2 | — | 2.02% |
| BRO | Brown & Brown, Inc. | 4.29% | 21.9 | 12.6 | 3.5 | 0.95% | 9.89% |
| RYAN | Ryan Specialty Holdings, Inc. | 4.13% | 57.4 | 14.6 | 3.3 | 1.28% | 3.63% |
| ADSK | Autodesk, Inc. | 3.82% | 31.1 | 17.6 | 6.4 | — | 6.20% |
| AXON | Axon Enterprise, Inc. | 3.72% | 161.9 | 58.1 | 9.8 | — | 1.16% |
| MDB | MongoDB, Inc. | 3.61% | 468.8 | 70.4 | 9.8 | — | 0.39% |
| SNEX | StoneX Group Inc. | 3.39% | 18.9 | 9.8 | 0.0 | — | 9.03% |
| WST | West Pharmaceutical Services, Inc. | 3.02% | 49.4 | 37.0 | 8.1 | 0.23% | 3.09% |
| SBAC | SBA Communications Corporation | 2.82% | 20.2 | 19.4 | 6.9 | 2.67% | 7.06% |
| QXO | QXO, Inc. | 2.71% | — | 19.2 | 1.1 | — | −11.21% |
| FAST | Fastenal Company | 2.63% | 41.5 | 37.5 | 6.4 | 2.04% | 3.20% |
| ALRM | Alarm.com Holdings, Inc. | 2.46% | 25.4 | 26.2 | 2.7 | — | 4.90% |
| FN | Fabrinet | 2.32% | 27.9 | 12.8 | 2.8 | — | 4.21% |
| GXO | GXO Logistics, Inc. | 2.05% | 41.8 | 13.2 | 0.4 | — | 2.48% |
| ODFL | Old Dominion Freight Line, Inc. | 2.00% | 36.1 | 27.3 | 6.9 | 0.62% | 2.80% |
| IONS | Ionis Pharmaceuticals, Inc. | 1.91% | — | 90.9 | 8.2 | — | −7.79% |
| MORN | Morningstar, Inc. | 1.69% | 19.7 | 19.8 | 3.0 | 0.96% | 4.32% |
| SITE | SiteOne Landscape Supply, Inc. | 1.64% | 26.0 | 19.3 | 0.9 | — | 3.19% |
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 TMFM valuation
Adding up its 33 holdings with company data, TMFM trades at 49.0 times trailing earnings and 21.8 times analysts' forward estimates, with a price-to-book ratio of 4.70 and a dividend yield of 0.51%. Its earnings yield of 2.04% is 3.29 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 47.5% of the fund and earn 57.1% of its combined profit. By sector, Industrials is the most expensive at 190.8 times earnings and Consumer Cyclical the cheapest at 17.4. Companies that lost money over the past year are 7.6% 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 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: TMFM chart, TMFM performance, TMFM holdings, TMFM dividends.
TMFM valuation FAQ
What is the P/E ratio of TMFM?
Based on its holdings, TMFM has a trailing P/E of 49.0 and a forward P/E of 21.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of TMFM?
The trailing earnings yield is 2.04% (1 ÷ P/E) and the forward earnings yield 4.59%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is TMFM more expensive than the S&P 500?
TMFM trades at 49.0 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 21.8 and 19.9.
What is the price-to-book ratio of TMFM?
The holdings of TMFM trade at 4.70 times book value, with a combined return on equity of 9.6%.
Which sector in TMFM has the highest P/E?
Industrials has the highest P/E at 190.8 and Consumer Cyclical the lowest at 17.4.