H.B. Fuller Co (FRA:HB1) Cyclically Adjusted PB Ratio: 1.71 (As of Aug. 01, 2026) — 36% Below Median

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FRA:HB1 H.B. Fuller Co FRA:HB1
82 GF Score
Price €47.60
GF Value €58.23
! 4 Warning Signs
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What is H.B. Fuller Co Cyclically Adjusted PB Ratio?

H.B. Fuller Co FRA:HB1 -0.83% 82 Cyclically Adjusted PB Ratio is 1.71 as of Aug. 01, 2026, which is 36% below its 10-year median of 2.69. GuruFocus rates FRA:HB1 with a GF Score™ of 82/100 and a GF Value™ of €58.23. The stock has 4 warning signs investors should review. Among 1,254 Chemicals companies, H.B. Fuller Co ranks worse than 51.36% on this metric.

As of today (2026-08-01), H.B. Fuller Co's current share price is €47.60. H.B. Fuller Co's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was €27.79. H.B. Fuller Co's Cyclically Adjusted PB Ratio for today is 1.71.

The historical rank and industry rank for H.B. Fuller Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:HB1' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.31   Med: 2.69   Max: 3.5
Current: 1.68

During the past years, H.B. Fuller Co's highest Cyclically Adjusted PB Ratio was 3.50. The lowest was 1.31. And the median was 2.69.

FRA:HB1's Cyclically Adjusted PB Ratio is ranked worse than
51.36% of 1254 companies
in the Chemicals industry
Industry Median: 1.63 vs FRA:HB1: 1.68

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.

H.B. Fuller Co's adjusted book value per share data for the three months ended in May. 2026 was €33.142. 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 €27.79 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


H.B. Fuller Co  (FRA:HB1) 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.


H.B. Fuller Co Cyclically Adjusted PB Ratio Related Terms


H.B. Fuller Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for H.B. Fuller 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.

H.B. Fuller Co Cyclically Adjusted PB Ratio Chart

H.B. Fuller Co Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.16 3.10 2.73 2.62 1.87

H.B. Fuller Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 1.84 1.98 1.87 2.06 1.94

FRA:HB1 vs ASH, HWKN, WDFC: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, H.B. Fuller 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.


H.B. Fuller Co Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, H.B. Fuller Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where H.B. Fuller Co's Cyclically Adjusted PB Ratio falls into.


FRA:HB1
82GF Score
H.B. Fuller Co FRA:HB1
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

H.B. Fuller 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.

H.B. Fuller Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=47.60/27.79
=1.71

* 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.

H.B. Fuller Co's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 is calculated as:

For example, H.B. Fuller Co's adjusted Book Value per Share data for the three months ended in May. 2026 was:

Adj_Book=Book Value per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=33.142/335.1230*335.1230
=33.142

Current CPI (May. 2026) = 335.1230.

H.B. Fuller Co Quarterly Data

Book Value per Share CPI Adj_Book
201608 16.950 240.849 23.585
201611 17.339 241.353 24.076
201702 17.656 243.603 24.289
201705 17.760 244.733 24.320
201708 17.381 245.519 23.724
201711 17.778 246.669 24.153
201802 17.953 248.991 24.163
201805 18.897 251.588 25.171
201808 19.265 252.146 25.605
201811 19.996 252.038 26.588
201902 20.321 252.776 26.941
201905 20.413 256.092 26.713
201908 20.742 256.558 27.094
201911 21.589 257.208 28.129
202002 21.791 258.678 28.231
202005 21.673 256.394 28.328
202008 21.456 259.918 27.664
202011 22.513 260.229 28.992
202102 22.859 263.014 29.126
202105 24.497 269.195 30.497
202108 25.351 273.567 31.055
202111 26.503 277.948 31.955
202202 27.327 283.716 32.278
202205 28.728 292.296 32.937
202208 29.223 296.171 33.066
202211 29.427 297.711 33.125
202302 28.348 300.840 31.578
202305 28.739 304.127 31.668
202308 29.309 307.026 31.991
202311 29.982 307.051 32.723
202402 30.098 310.326 32.503
202405 30.400 314.069 32.438
202408 30.575 314.796 32.549
202411 31.516 315.493 33.477
202502 31.483 319.082 33.066
202505 30.820 321.465 32.129
202508 31.116 323.976 32.187
202511 31.985 324.122 33.071
202602 32.074 326.785 32.892
202605 33.142 335.123 33.142

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.

What does a Cyclically Adjusted PB Ratio of 1.71 mean?
H.B. Fuller Co (FRA:HB1) has a Cyclically Adjusted PB Ratio of 1.71 as of Aug. 01, 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 H.B. Fuller Co and its competitors. This is 36% below median its historical median of 2.69. Over the past decade, H.B. Fuller Co's Cyclically Adjusted PB Ratio has ranged from 1.31 to 3.50. According to the industry distribution chart, H.B. Fuller Co ranks #644 out of 1254 companies in the Chemicals industry, placing it in the top 51.4%.
Is H.B. Fuller Co's Cyclically Adjusted PB Ratio too high?
H.B. Fuller Co's current Cyclically Adjusted PB Ratio of 1.71 is 36% below median its 10-year median of 2.69. Over the past 10 years, this metric has ranged from a low of 1.31 to a high of 3.50. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.63. H.B. Fuller Co's value of 1.71 is 4.9% above this industry median. Based on the distribution chart, H.B. Fuller Co ranks #644 out of 1254 companies in the Chemicals industry, which is below the industry midpoint. Overall, H.B. Fuller Co has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does H.B. Fuller Co's Cyclically Adjusted PB Ratio compare to ASH and HWKN?
According to the Chemicals industry distribution chart, H.B. Fuller Co ranks #644 out of 1254 companies for Cyclically Adjusted PB Ratio. This places H.B. Fuller Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.63. H.B. Fuller Co's value of 1.71 is 4.9% above this benchmark. Historically, H.B. Fuller Co's own Cyclically Adjusted PB Ratio has ranged from 1.31 to 3.50 over the past decade. While the company's 10-year median is 2.69 vs. the industry median of 1.63, H.B. Fuller 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 a Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.63, based on 1,254 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. H.B. Fuller Co's current Cyclically Adjusted PB Ratio of 1.71 is 4.9% 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 H.B. Fuller Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. H.B. Fuller Co's current Cyclically Adjusted PB Ratio is 1.71, which is 36% below median its own 10-year median of 2.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H.B. Fuller Co stock overvalued right now?
H.B. Fuller Co (FRA:HB1) has a current Cyclically Adjusted PB Ratio of 1.71. The stock's GF Value™ is €58.23, compared to a current price of €47.60 — trading 18.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.71, which is 36% below median its 10-year median of 2.69 and 4.9% above the Chemicals industry median of 1.63. H.B. Fuller Co's overall GF Score™ is 82/100 with 4 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 H.B. Fuller Co (FRA:HB1), the current Cyclically Adjusted PB Ratio is 1.71 as of Aug. 01, 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 H.B. Fuller Co (FRA:HB1) Overvalued in 2026?

Based on GuruFocus' analysis, H.B. Fuller Co stock appears to be undervalued. The current stock price of €47.60 is trading 18.3% below its estimated GF Value™ of €58.23.

Key valuation signals for FRA:HB1:

  • Cyclically Adjusted PB Ratio: 1.71 (36% below median its 10-year median of 2.69)
  • GF Value™: €58.23 vs. price of €47.60 (18.3% below fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 4.9% above the Chemicals median (#644 of 1254)

No single metric tells the full story. See the FRA:HB1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


H.B. Fuller Co Business Description

Other Exchanges FUL:USA
Address 1200 Willow Lake Boulevard, Saint Paul, MN, USA, 55110-5101
H.B. Fuller Co manufactures and sells adhesives, sealants, and other chemical-based products. The company organizes itself into three segments: Hygiene, Health and Consumable Adhesives, Engineering Adhesives, and Construction Adhesives. It generates the maximum revenue from hygiene, health, and consumable adhesives. This segment produces and supplies a full range of specialty industrial adhesives such as thermoplastic, thermoset, reactive, water-based, and solvent-based products for applications in various markets, including packaging, converting, nonwoven, and hygiene (disposable diapers, feminine care, and medical garments) and health and beauty. The company generates around half of its revenue in the United States.
82GF Score

Get the complete analysis for FRA:HB1

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

€47.60
Price
€58.23
GF Value