Fortune Brands Innovations (STU:2FB) Cyclically Adjusted PB Ratio: 1.76 (As of Sep. 17, 2026) — 47% Below Median

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STU:2FB Fortune Brands Innovations Inc STU:2FB
72 GF Score
Price €34.40
GF Value €53.48
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Fortune Brands Innovations Cyclically Adjusted PB Ratio?

Fortune Brands Innovations STU:2FB -0.58% 72 Cyclically Adjusted PB Ratio is 1.76 as of Sep. 17, 2026, which is 47% below its 10-year median of 3.31. GuruFocus rates STU:2FB with a GF Score™ of 72/100 and a GF Value™ of €53.48 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,239 Construction companies, Fortune Brands Innovations ranks worse than 66.02% on this metric.

As of today (2026-09-17), Fortune Brands Innovations's current share price is €34.40. Fortune Brands Innovations's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €19.57. Fortune Brands Innovations's Cyclically Adjusted PB Ratio for today is 1.76.

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

STU:2FB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.6   Med: 3.31   Max: 5.56
Current: 1.88

During the past years, Fortune Brands Innovations's highest Cyclically Adjusted PB Ratio was 5.56. The lowest was 1.60. And the median was 3.31.

STU:2FB's Cyclically Adjusted PB Ratio is ranked worse than
66.02% of 1239 companies
in the Construction industry
Industry Median: 1.14 vs STU:2FB: 1.88

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.

Fortune Brands Innovations's adjusted book value per share data for the three months ended in Jun. 2026 was €16.895. 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 €19.57 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fortune Brands Innovations  (STU:2FB) 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 5.00 3.12 3.89 3.53 2.27

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 2.31 2.37 2.27 1.74 2.45

STU:2FB 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.


STU:2FB
72GF Score
Fortune Brands Innovations Inc STU:2FB
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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=34.40/19.565
=1.76

* 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'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)
=16.895/333.9520*333.9520
=16.895

Current CPI (Jun. 2026) = 333.9520.

Fortune Brands Innovations Quarterly Data

Book Value per Share CPI Adj_Book
201609 13.611 241.428 18.827
201612 14.603 241.432 20.199
201703 14.772 243.801 20.234
201706 14.623 244.955 19.936
201709 14.187 246.819 19.195
201712 14.260 246.524 19.317
201803 12.572 249.554 16.824
201806 13.078 251.989 17.332
201809 13.599 252.439 17.990
201812 13.573 251.233 18.042
201903 14.307 254.202 18.795
201906 14.705 256.143 19.172
201909 15.403 256.759 20.034
201912 15.498 256.974 20.141
202003 15.578 258.115 20.155
202006 15.874 257.797 20.563
202009 16.135 260.280 20.702
202012 16.359 260.474 20.974
202103 17.953 264.877 22.635
202106 18.613 271.696 22.878
202109 19.418 274.310 23.640
202112 19.954 278.802 23.901
202203 20.027 287.504 23.262
202206 21.838 296.311 24.612
202209 24.119 296.808 27.137
202212 15.272 296.797 17.184
202303 14.909 301.836 16.495
202306 15.714 305.109 17.199
202309 16.553 307.789 17.960
202312 16.440 306.746 17.898
202403 16.816 312.332 17.980
202406 17.423 314.175 18.520
202409 17.262 315.301 18.283
202412 18.918 315.605 20.018
202503 17.584 319.799 18.362
202506 16.599 322.561 17.185
202509 16.844 324.800 17.319
202512 16.955 324.054 17.473
202603 17.138 330.213 17.332
202606 16.895 333.952 16.895

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 1.76 mean?
Fortune Brands Innovations (STU:2FB) has a Cyclically Adjusted PB Ratio of 1.76 as of Sep. 17, 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 Fortune Brands Innovations and its competitors. This is 47% below median its historical median of 3.31. Over the past decade, Fortune Brands Innovations' Cyclically Adjusted PB Ratio has ranged from 1.60 to 5.56. According to the industry distribution chart, Fortune Brands Innovations ranks #818 out of 1239 companies in the Construction industry, placing it in the top 66%.
Is Fortune Brands Innovations' Cyclically Adjusted PB Ratio too high?
Fortune Brands Innovations' current Cyclically Adjusted PB Ratio of 1.76 is 47% below median its 10-year median of 3.31. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 5.56. The Construction industry median Cyclically Adjusted PB Ratio is 1.14. Fortune Brands Innovations' value of 1.76 is 54.4% above this industry median. Based on the distribution chart, Fortune Brands Innovations ranks #818 out of 1239 companies in the Construction industry, which is below the industry midpoint. Overall, Fortune Brands Innovations has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fortune Brands Innovations' Cyclically Adjusted PB Ratio compare to LPX and TREX?
According to the Construction industry distribution chart, Fortune Brands Innovations ranks #818 out of 1239 companies for Cyclically Adjusted PB Ratio. This places Fortune Brands Innovations in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. Fortune Brands Innovations' value of 1.76 is 54.4% above this benchmark. Historically, Fortune Brands Innovations' own Cyclically Adjusted PB Ratio has ranged from 1.60 to 5.56 over the past decade. While the company's 10-year median is 3.31 vs. the industry median of 1.14, Fortune Brands Innovations 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.14, based on 1,239 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. Fortune Brands Innovations's current Cyclically Adjusted PB Ratio of 1.76 is 54.4% 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 Fortune Brands Innovations and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortune Brands Innovations's current Cyclically Adjusted PB Ratio is 1.76, which is 47% below median its own 10-year median of 3.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortune Brands Innovations stock overvalued right now?
Based on GuruFocus' analysis, Fortune Brands Innovations (STU:2FB) is currently considered Significantly Undervalued. The stock's GF Value™ is €53.48, compared to a current price of €34.40 — trading 35.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.76, which is 47% below median its 10-year median of 3.31 and 54.4% above the Construction industry median of 1.14. Fortune Brands Innovations' overall GF Score™ is 72/100 with 3 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 Fortune Brands Innovations (STU:2FB), the current Cyclically Adjusted PB Ratio is 1.76 as of Sep. 17, 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 Fortune Brands Innovations (STU:2FB) Overvalued in 2026?

Based on GuruFocus' analysis, Fortune Brands Innovations stock appears to be undervalued. The current stock price of €34.40 is trading 35.7% below its estimated GF Value™ of €53.48. GuruFocus considers Fortune Brands Innovations to be Significantly Undervalued.

Key valuation signals for STU:2FB:

  • Cyclically Adjusted PB Ratio: 1.76 (47% below median its 10-year median of 3.31)
  • GF Value™: €53.48 vs. price of €34.40 (35.7% below fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 54.4% above the Construction median (#818 of 1239)

No single metric tells the full story. See the STU:2FB 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 STU:2FB

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

€34.40
Price
€53.48
GF Value