Fortune Brands Innovations (FRA:2FB) Cyclically Adjusted PS Ratio: 1.25 (As of Jul. 22, 2026) — 28% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

FRA:2FB Fortune Brands Innovations Inc FRA:2FB
72 GF Score
Price €43.60
GF Value €58.72
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Fortune Brands Innovations Cyclically Adjusted PS Ratio?

Fortune Brands Innovations FRA:2FB -1.80% 72 Cyclically Adjusted PS Ratio is 1.25 as of Jul. 22, 2026, which is 28% below its 10-year median of 1.74. GuruFocus rates FRA:2FB with a GF Score™ of 72/100 and a GF Value™ of €58.72 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,358 Construction companies, Fortune Brands Innovations ranks worse than 66.49% on this metric.

As of today (2026-07-22), Fortune Brands Innovations's current share price is €43.60. Fortune Brands Innovations's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €34.95. Fortune Brands Innovations's Cyclically Adjusted PS Ratio for today is 1.25.

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

FRA:2FB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.82   Med: 1.74   Max: 3
Current: 1.18

During the past years, Fortune Brands Innovations's highest Cyclically Adjusted PS Ratio was 3.00. The lowest was 0.82. And the median was 1.74.

FRA:2FB's Cyclically Adjusted PS Ratio is ranked worse than
66.49% of 1358 companies
in the Construction industry
Industry Median: 0.7 vs FRA:2FB: 1.18

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Fortune Brands Innovations's adjusted revenue per share data for the three months ended in Mar. 2026 was €7.278. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €34.95 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fortune Brands Innovations  (FRA:2FB) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Fortune Brands Innovations Cyclically Adjusted PS Ratio Related Terms


Fortune Brands Innovations Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Fortune Brands Innovations's Cyclically Adjusted PS 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 PS Ratio Chart

Fortune Brands Innovations Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.72 1.55 1.96 1.69 1.21

Fortune Brands Innovations Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS 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 1.48 1.24 1.28 1.21 0.93

FRA:2FB vs LPX, TREX, GFF: Cyclically Adjusted PS Ratio Comparison

For the Building Products & Equipment subindustry, Fortune Brands Innovations's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio vs Construction Industry

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

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


FRA:2FB
72GF Score
Fortune Brands Innovations Inc FRA:2FB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fortune Brands Innovations Cyclically Adjusted PS Ratio Calculation

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

Fortune Brands Innovations's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=43.60/34.95
=1.25

* 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 Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=7.278/330.2130*330.2130
=7.278

Current CPI (Mar. 2026) = 330.2130.

Fortune Brands Innovations Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 7.348 241.018 10.067
201609 7.231 241.428 9.890
201612 7.864 241.432 10.756
201703 7.104 243.801 9.622
201706 7.760 244.955 10.461
201709 7.258 246.819 9.710
201712 7.556 246.524 10.121
201803 6.690 249.554 8.852
201806 8.338 251.989 10.926
201809 8.206 252.439 10.734
201812 8.763 251.233 11.518
201903 8.282 254.202 10.758
201906 9.440 256.143 12.170
201909 9.402 256.759 12.092
201912 9.386 256.974 12.061
202003 9.016 258.115 11.534
202006 8.802 257.797 11.275
202009 9.983 260.280 12.665
202012 -4.725 260.474 -5.990
202103 10.581 264.877 13.191
202106 11.446 271.696 13.911
202109 12.086 274.310 14.549
202112 -5.747 278.802 -6.807
202203 7.686 287.504 8.828
202206 9.052 296.311 10.088
202209 9.281 296.808 10.326
202212 8.270 296.797 9.201
202303 7.559 301.836 8.270
202306 8.424 305.109 9.117
202309 9.247 307.789 9.921
202312 8.379 306.746 9.020
202403 8.038 312.332 8.498
202406 9.157 314.175 9.624
202409 8.321 315.301 8.715
202412 8.450 315.605 8.841
202503 7.769 319.799 8.022
202506 8.643 322.561 8.848
202509 8.125 324.800 8.260
202512 7.630 324.054 7.775
202603 7.278 330.213 7.278

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 1.25 mean?
Fortune Brands Innovations (FRA:2FB) has a Cyclically Adjusted PS Ratio of 1.25 as of Jul. 22, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Fortune Brands Innovations and its competitors. This is 28% below median its historical median of 1.74. Over the past decade, Fortune Brands Innovations' Cyclically Adjusted PS Ratio has ranged from 0.82 to 3.00. According to the industry distribution chart, Fortune Brands Innovations ranks #903 out of 1358 companies in the Construction industry, placing it in the top 66.5%.
Is Fortune Brands Innovations' Cyclically Adjusted PS Ratio too high?
Fortune Brands Innovations' current Cyclically Adjusted PS Ratio of 1.25 is 28% below median its 10-year median of 1.74. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 3.00. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. Fortune Brands Innovations' value of 1.25 is 78.6% above this industry median. Based on the distribution chart, Fortune Brands Innovations ranks #903 out of 1358 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 Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fortune Brands Innovations' Cyclically Adjusted PS Ratio compare to LPX and TREX?
According to the Construction industry distribution chart, Fortune Brands Innovations ranks #903 out of 1358 companies for Cyclically Adjusted PS Ratio. This places Fortune Brands Innovations in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. Fortune Brands Innovations' value of 1.25 is 78.6% above this benchmark. Historically, Fortune Brands Innovations' own Cyclically Adjusted PS Ratio has ranged from 0.82 to 3.00 over the past decade. While the company's 10-year median is 1.74 vs. the industry median of 0.70, 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 PS Ratio for a Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,358 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS 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 PS Ratio of 1.25 is 78.6% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue 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 PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortune Brands Innovations's current Cyclically Adjusted PS Ratio is 1.25, which is 28% below median its own 10-year median of 1.74. 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 (FRA:2FB) is currently considered Modestly Undervalued. The stock's GF Value™ is €58.72, compared to a current price of €43.60 — trading 25.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.25, which is 28% below median its 10-year median of 1.74 and 78.6% above the Construction industry median of 0.70. Fortune Brands Innovations' overall GF Score™ is 72/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Fortune Brands Innovations (FRA:2FB), the current Cyclically Adjusted PS Ratio is 1.25 as of Jul. 22, 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 (FRA:2FB) Overvalued in 2026?

Based on GuruFocus' analysis, Fortune Brands Innovations stock appears to be undervalued. The current stock price of €43.60 is trading 25.7% below its estimated GF Value™ of €58.72. GuruFocus considers Fortune Brands Innovations to be Modestly Undervalued.

Key valuation signals for FRA:2FB:

  • Cyclically Adjusted PS Ratio: 1.25 (28% below median its 10-year median of 1.74)
  • GF Value™: €58.72 vs. price of €43.60 (25.7% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 78.6% above the Construction median (#903 of 1358)

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

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

€43.60
Price
€58.72
GF Value