Fastenal CoFRA:FAS +1.06%97 Cyclically Adjusted PB Ratio is 16.44 as of Jul. 08, 2026, which is 40% above its 10-year median of 11.78. GuruFocus rates FRA:FAS with a GF Score™ of 97/100 and a GF Value™ of €37.80 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 128 Industrial Distribution companies, Fastenal Co ranks worse than 96.88% on this metric.
The historical rank and industry rank for Fastenal Co's Cyclically Adjusted PB Ratio or its related term are showing as below:
FRA:FAS'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 7.32 Med: 11.78 Max: 18.13
Current: 16
During the past years, Fastenal Co's highest Cyclically Adjusted PB Ratio was 18.13. The lowest was 7.32. And the median was 11.78.
FRA:FAS's Cyclically Adjusted PB Ratio is ranked worse than 96.88% of 128
companies
in the Industrial Distribution industry
Industry Median: 1.27
vs FRA:FAS: 16.00
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.
Fastenal Co's adjusted book value per share data for the three months ended in Mar. 2026 was €3.006. 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 €2.55 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Fastenal Co (FRA:FAS) 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.
Fastenal Co Cyclically Adjusted PB Ratio Related Terms
Fastenal Co Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Fastenal Co'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.
FRA:FAS vs FERG, GWW, WCC: Cyclically Adjusted PB Ratio Comparison
For the Industrial Distribution subindustry, Fastenal Co'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.
Fastenal Co Cyclically Adjusted PB Ratio vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Fastenal Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Fastenal Co's Cyclically Adjusted PB Ratio falls into.
Fastenal Co 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.
Fastenal Co's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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.
What does a Cyclically Adjusted PB Ratio of 16.44 mean?
Fastenal Co (FRA:FAS) has a Cyclically Adjusted PB Ratio of 16.44 as of Jul. 08, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Fastenal Co and its competitors. This is 40% above median its historical median of 11.78. Over the past decade, Fastenal Co's Cyclically Adjusted PB Ratio has ranged from 7.32 to 18.13. According to the industry distribution chart, Fastenal Co ranks #124 out of 128 companies in the Industrial Distribution industry, placing it in the top 96.9%.
Is Fastenal Co's Cyclically Adjusted PB Ratio too high?
Fastenal Co's current Cyclically Adjusted PB Ratio of 16.44 is 40% above median its 10-year median of 11.78. Over the past 10 years, this metric has ranged from a low of 7.32 to a high of 18.13. The Industrial Distribution industry median Cyclically Adjusted PB Ratio is 1.27. Fastenal Co's value of 16.44 is 1194.5% above this industry median. Based on the distribution chart, Fastenal Co ranks #124 out of 128 companies in the Industrial Distribution industry, which is in the bottom quartile relative to peers. Overall, Fastenal Co has a GF Score™ of 97/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fastenal Co's Cyclically Adjusted PB Ratio compare to FERG and GWW?
According to the Industrial Distribution industry distribution chart, Fastenal Co ranks #124 out of 128 companies for Cyclically Adjusted PB Ratio. This places Fastenal Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Fastenal Co's value of 16.44 is 1194.5% above this benchmark. Historically, Fastenal Co's own Cyclically Adjusted PB Ratio has ranged from 7.32 to 18.13 over the past decade. While the company's 10-year median is 11.78 vs. the industry median of 1.27, Fastenal Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Industrial Distribution company?
The median Cyclically Adjusted PB Ratio among Industrial Distribution companies is 1.27, based on 128 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fastenal Co's current Cyclically Adjusted PB Ratio of 16.44 is 1194.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Fastenal Co and its competitors. For the Industrial Distribution industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fastenal Co's current Cyclically Adjusted PB Ratio is 16.44, which is 40% above median its own 10-year median of 11.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fastenal Co stock overvalued right now?
Based on GuruFocus' analysis, Fastenal Co (FRA:FAS) is currently considered Modestly Overvalued. The stock's GF Value™ is €37.80, compared to a current price of €41.91 — trading 10.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 16.44, which is 40% above median its 10-year median of 11.78 and 1194.5% above the Industrial Distribution industry median of 1.27. Fastenal Co's overall GF Score™ is 97/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Fastenal Co (FRA:FAS), the current Cyclically Adjusted PB Ratio is 16.44 as of Jul. 08, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Fastenal Co (FRA:FAS) Overvalued in 2026?
Based on GuruFocus' analysis, Fastenal Co stock appears to be overvalued.
The current stock price of €41.91 is trading 10.9% above its estimated GF Value™ of €37.80.
GuruFocus considers Fastenal Co to be Modestly Overvalued.
Key valuation signals for FRA:FAS:
Cyclically Adjusted PB Ratio: 16.44 (40% above median its 10-year median of 11.78)
GF Value™: €37.80 vs. price of €41.91 (10.9% above fair value)
Industry Position: 1194.5% above the Industrial Distribution median (#124 of 128)
No single metric tells the full story. See the FRA:FAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fastenal began as an industrial retailer, expanding its product portfolio from nuts and bolts to cutting tools, safety equipment, and janitorial supplies. It transitioned into a distributor by building out a dense network of branches close to its business customers. Once a customer becomes large enough, Fastenal installs vending machines and its own personnel on-site. Today, these on-site locations exceed Fastenal's branch count and remain the firm's main focus for expansion. Fastenal acts as a one-stop outsourcing partner for its industrial customers, offering value-added services along with a wide breadth of maintenance, repair, and operations supplies.
97GF Score
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