Motley Fool Next ETF (TMFX) Valuation
TMFX valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 32.5 trailing earnings
- Forward P/E
- 19.4 analyst estimates
- Price / sales
- 2.61
- Price / book
- 4.08
- EV / EBITDA
- 16.7
- Earnings yield
- 3.08% inverse of P/E
- Dividend yield
- 0.58% of the holdings
- Return on equity
- 12.5% combined
- Net margin
- 8.0% combined
- Beta
- 1.14 weighted, vs S&P 500
TMFX valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| TMFX | 32.5 | 19.4 | 2.61 | 4.08 | 0.58% | 12.5% | 8.0% | 14.0% |
| 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.
TMFX valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 26.5% | 35.3 | 20.4 | 4.04 | 5.81 | 0.25% | 16.5% |
| Healthcare | 20.0% | 41.7 | 18.7 | 4.24 | 4.82 | 0.18% | 11.5% |
| Industrials | 16.3% | 36.7 | 22.6 | 2.15 | 4.63 | 0.50% | 12.6% |
| Consumer Cyclical | 14.1% | 29.6 | 19.6 | 1.37 | 5.07 | 0.79% | 17.1% |
| Financial Services | 8.8% | 18.5 | 13.8 | 2.39 | 1.81 | 0.95% | 9.8% |
| Communication Services | 5.4% | 68.9 | 20.7 | 4.44 | 5.80 | 0.45% | 8.4% |
| Real Estate | 3.1% | 33.1 | 25.3 | 5.40 | 2.48 | 3.67% | 7.5% |
| Consumer Defensive | 2.1% | 17.3 | 16.2 | 0.87 | 2.43 | 1.26% | 14.0% |
| Energy | 1.6% | 13.9 | 15.3 | 3.56 | 1.36 | 1.22% | 9.8% |
| Basic Materials | 0.8% | 47.8 | 16.8 | 1.79 | 4.03 | 1.66% | 8.4% |
TMFX 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 TMFX weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
TMFX largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| ILMN | Illumina, Inc. | 1.67% | 49.0 | 40.3 | 8.8 | — | 1.13% |
| ZS | Zscaler, Inc. | 1.53% | — | 43.9 | 10.1 | — | −0.10% |
| RBLX | Roblox Corporation | 1.52% | — | 192.3 | 6.2 | — | −1.36% |
| BIIB | Biogen Inc. | 1.52% | 41.3 | 13.9 | 3.4 | — | 1.22% |
| OKTA | Okta, Inc. | 1.52% | 112.8 | 54.3 | 10.7 | — | 0.45% |
| P | Everpure, Inc. | 1.51% | 169.9 | 44.8 | 9.7 | — | 0.30% |
| ODFL | Old Dominion Freight Line, Inc. | 1.50% | 36.1 | 27.3 | 6.9 | 0.62% | 1.38% |
| UI | Ubiquiti Inc. | 1.49% | 37.9 | 28.5 | 11.1 | 0.67% | 1.30% |
| RMD | ResMed Inc. | 1.45% | 22.9 | 18.5 | 5.9 | 1.10% | 2.10% |
| CTSH | Cognizant Technology Solutions Corporation | 1.42% | 14.2 | 9.4 | 1.4 | 2.00% | 3.32% |
| HEI | HEICO Corporation | 1.42% | 51.6 | 42.6 | 8.4 | 0.08% | 0.91% |
| CCI | Crown Castle Inc. | 1.40% | 33.4 | 21.2 | 8.4 | 5.17% | 1.38% |
| EQT | EQT Corporation | 1.39% | 12.6 | 14.1 | 3.7 | 1.25% | 3.66% |
| GEHC | GE HealthCare Technologies Inc. | 1.37% | 16.0 | 12.1 | 1.5 | 0.23% | 2.85% |
| CBOE | Cboe Global Markets, Inc. | 1.37% | 24.6 | 21.9 | 6.5 | 1.09% | 1.85% |
| AXON | Axon Enterprise, Inc. | 1.32% | 161.9 | 58.1 | 9.8 | — | 0.27% |
| RKT | Rocket Companies, Inc. | 1.32% | — | 15.6 | 3.0 | — | −0.08% |
| WSM | Williams-Sonoma, Inc. | 1.22% | 25.7 | 24.6 | 3.7 | 1.22% | 1.58% |
| DXCM | DexCom, Inc. | 1.20% | 34.1 | 28.2 | 6.5 | — | 1.16% |
| ALNY | Alnylam Pharmaceuticals, Inc. | 1.19% | 39.1 | 19.7 | 6.5 | — | 1.01% |
| ZM | Zoom Video Communications, Inc. | 1.17% | 8.7 | 15.1 | 5.5 | — | 4.45% |
| MDB | MongoDB, Inc. | 1.17% | 468.8 | 70.4 | 9.8 | — | 0.08% |
| EME | EMCOR Group, Inc. | 1.15% | 22.5 | 19.8 | 1.7 | 0.22% | 1.69% |
| RDDT | Reddit, Inc. | 1.14% | 36.3 | 23.2 | 10.8 | — | 1.04% |
| CPRT | Copart, Inc. | 1.10% | 18.0 | 17.2 | 5.5 | — | 2.03% |
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 TMFX valuation
Adding up its 193 holdings with company data, TMFX trades at 32.5 times trailing earnings and 19.4 times analysts' forward estimates, with a price-to-book ratio of 4.08 and a dividend yield of 0.58%. Its earnings yield of 3.08% is 2.25 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 15.1% of the fund and earn 9.7% of its combined profit. By sector, Communication Services is the most expensive at 68.9 times earnings and Energy the cheapest at 13.9. Companies that lost money over the past year are 14.0% 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 99.2% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: TMFX chart, TMFX performance, TMFX holdings, TMFX dividends.
TMFX valuation FAQ
What is the P/E ratio of TMFX?
Based on its holdings, TMFX has a trailing P/E of 32.5 and a forward P/E of 19.4 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of TMFX?
The trailing earnings yield is 3.08% (1 ÷ P/E) and the forward earnings yield 5.16%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is TMFX more expensive than the S&P 500?
TMFX trades at 32.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 19.4 and 19.9.
What is the price-to-book ratio of TMFX?
The holdings of TMFX trade at 4.08 times book value, with a combined return on equity of 12.5%.
Which sector in TMFX has the highest P/E?
Communication Services has the highest P/E at 68.9 and Energy the lowest at 13.9.