GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fuel Tech Inc (FRA:FUE1) » Definitions » Cyclically Adjusted PB Ratio

Fuel Tech (FRA:FUE1) Cyclically Adjusted PB Ratio : 0.51 (As of May. 26, 2024)


View and export this data going back to . Start your Free Trial

What is Fuel Tech Cyclically Adjusted PB Ratio?

As of today (2024-05-26), Fuel Tech's current share price is €1.03. Fuel Tech's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €2.02. Fuel Tech's Cyclically Adjusted PB Ratio for today is 0.51.

The historical rank and industry rank for Fuel Tech's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:FUE1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.49   Max: 3.05
Current: 0.54

During the past years, Fuel Tech's highest Cyclically Adjusted PB Ratio was 3.05. The lowest was 0.13. And the median was 0.49.

FRA:FUE1's Cyclically Adjusted PB Ratio is ranked better than
88.42% of 2089 companies
in the Industrial Products industry
Industry Median: 1.86 vs FRA:FUE1: 0.54

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Fuel Tech's adjusted book value per share data for the three months ended in Mar. 2024 was €1.331. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €2.02 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fuel Tech Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Fuel Tech's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fuel Tech Cyclically Adjusted PB Ratio Chart

Fuel Tech Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.31 1.40 0.52 0.51 0.47

Fuel Tech Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.52 0.55 0.51 0.47 0.56

Competitive Comparison of Fuel Tech's Cyclically Adjusted PB Ratio

For the Pollution & Treatment Controls subindustry, Fuel Tech's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fuel Tech's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fuel Tech's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Fuel Tech's Cyclically Adjusted PB Ratio falls into.



Fuel Tech Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Fuel Tech's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.03/2.02
=0.51

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fuel Tech's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Fuel Tech's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.331/131.7762*131.7762
=1.331

Current CPI (Mar. 2024) = 131.7762.

Fuel Tech Quarterly Data

Book Value per Share CPI Adj_Book
201406 2.828 100.560 3.706
201409 3.032 100.428 3.978
201412 2.565 99.070 3.412
201503 2.813 99.621 3.721
201506 2.631 100.684 3.443
201509 2.613 100.392 3.430
201512 2.337 99.792 3.086
201603 2.204 100.470 2.891
201606 2.083 101.688 2.699
201609 1.992 101.861 2.577
201612 1.754 101.863 2.269
201703 1.628 102.862 2.086
201706 1.307 103.349 1.667
201709 1.226 104.136 1.551
201712 1.196 104.011 1.515
201803 1.164 105.290 1.457
201806 1.148 106.317 1.423
201809 1.181 106.507 1.461
201812 1.238 105.998 1.539
201903 1.207 107.251 1.483
201906 1.175 108.070 1.433
201909 1.150 108.329 1.399
201912 0.958 108.420 1.164
202003 0.862 108.902 1.043
202006 0.760 108.767 0.921
202009 0.819 109.815 0.983
202012 0.727 109.897 0.872
202103 1.291 111.754 1.522
202106 1.259 114.631 1.447
202109 1.304 115.734 1.485
202112 1.351 117.630 1.513
202203 1.353 121.301 1.470
202206 1.392 125.017 1.467
202209 1.495 125.227 1.573
202212 1.397 125.222 1.470
202303 1.375 127.348 1.423
202306 1.326 128.729 1.357
202309 1.360 129.860 1.380
202312 1.319 129.419 1.343
202403 1.331 131.776 1.331

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Fuel Tech  (FRA:FUE1) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Fuel Tech Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Fuel Tech's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Fuel Tech (FRA:FUE1) Business Description

Traded in Other Exchanges
Address
27601 Bella Vista Parkway, Warrenville, IL, USA, 60555-1617
Fuel Tech Inc is an technology provider of boiler optimization, efficiency improvement, and air pollution reduction to utility and industrial customers. The company operates in two segments, Air Pollution Control and Fuel Chem. The Air Pollution Control technology segment includes technologies to reduce NOx emissions in flue gas from boilers, incinerators, furnaces and other stationary combustion sources. TheFuel Chem technology segment uses chemical processes in combination with advanced Computational Fluid Dynamics and Chemical Kinetics Modeling boiler modeling for the control of slagging, fouling, corrosion, opacity and other sulfur trioxide-related issues in furnaces and boilers through the addition of chemicals into the furnace using TIFI Targeted In-Furnace Injection technology.

Fuel Tech (FRA:FUE1) Headlines

No Headlines