FBIN (Fortune Brands Innovations) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FBIN Fortune Brands Innovations Inc FBIN
72 GF Score
Price $39.40
GF Value $62.23
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Fortune Brands Innovations Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation

Fortune Brands Innovations  (NYSE:FBIN) 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.

Fortune Brands Innovations Cyclically Adjusted PB Ratio Related Terms

Fortune Brands Innovations Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fortune Brands Innovations'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.

Fortune Brands Innovations Cyclically Adjusted PB Ratio Chart

Fortune Brands Innovations Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.83 2.87 3.76 3.27 2.34

Fortune Brands Innovations Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.44 2.51 2.36 1.80 2.50

FBIN vs LPX, TREX, AAON: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, Fortune Brands Innovations'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.

Fortune Brands Innovations Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Fortune Brands Innovations's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Fortune Brands Innovations's Cyclically Adjusted PB Ratio falls into.


FBIN
72GF Score
Fortune Brands Innovations Inc FBIN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Fortune Brands Innovations 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.

Fortune Brands Innovations's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Fortune Brands Innovations's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=19.316/333.9520*333.9520
=19.316

Current CPI (Jun. 2026) = 333.9520.

Fortune Brands Innovations Quarterly Data

Book Value per Share CPI Adj_Book
201609 15.295 241.428 21.157
201612 15.403 241.432 21.306
201703 15.800 243.801 21.642
201706 16.679 244.955 22.739
201709 16.771 246.819 22.692
201712 17.123 246.524 23.196
201803 15.462 249.554 20.691
201806 15.270 251.989 20.237
201809 15.796 252.439 20.897
201812 15.516 251.233 20.625
201903 16.064 254.202 21.104
201906 16.746 256.143 21.833
201909 16.793 256.759 21.842
201912 17.397 256.974 22.608
202003 17.093 258.115 22.115
202006 17.829 257.797 23.096
202009 18.920 260.280 24.275
202012 20.017 260.474 25.664
202103 21.100 264.877 26.602
202106 22.074 271.696 27.132
202109 22.504 274.310 27.397
202112 22.691 278.802 27.180
202203 22.283 287.504 25.883
202206 22.831 296.311 25.731
202209 23.628 296.808 26.585
202212 16.299 296.797 18.339
202303 16.198 301.836 17.922
202306 17.144 305.109 18.765
202309 17.526 307.789 19.016
202312 18.160 306.746 19.771
202403 18.161 312.332 19.418
202406 18.673 314.175 19.848
202409 19.265 315.301 20.405
202412 19.590 315.605 20.729
202503 18.994 319.799 19.835
202506 19.485 322.561 20.173
202509 19.791 324.800 20.349
202512 19.912 324.054 20.520
202603 19.746 330.213 19.970
202606 19.316 333.952 19.316

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.

Is Fortune Brands Innovations (FBIN) Overvalued in 2026?

Based on GuruFocus' analysis, Fortune Brands Innovations stock appears to be undervalued. The current stock price of $39.40 is trading 36.7% below its estimated GF Value™ of $62.23. GuruFocus considers Fortune Brands Innovations to be Significantly Undervalued.

Key valuation signals for FBIN:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $62.23 vs. price of $39.40 (36.7% below fair value)
  • GF Score™: 72/100 with 3 warning signs

No single metric tells the full story. See the FBIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Fortune Brands Innovations Business Description

Address 1 Horizon Way, Building N, Deerfield, IL, USA, 60015-3888
Fortune Brands is a US-based homebuilding products company that sells building-related products serving R&R and new construction markets. The company operates in three segments: water, outdoors, and security. Water innovation, including plumbing fixtures and faucets, accounts for around 55% of total sales and features brands such as Moen, House of Rohl, and Aqualisa. The outdoors segment includes decking, railing, and doors and makes up 30% of total sales, featuring brands such as Larson, Fiberon, and Therma-Tru. The security segment, which includes smart residential padlocks, accounts for the remaining 15% of sales and features brands such as MasterLock, SentrySafe, Yale, and AmericanLock.
72GF Score

Get the complete analysis for FBIN

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$39.40
Price
$62.23
GF Value