FUL (H.B. Fuller Co) Cyclically Adjusted PS Ratio: 0.85 (As of Aug. 20, 2026) — 29% Below Median

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FUL H.B. Fuller Co FUL
83 GF Score
Price $59.16
GF Value $67.47
Valuation Modestly Undervalued
! 6 Warning Signs
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What is H.B. Fuller Co Cyclically Adjusted PS Ratio?

H.B. Fuller Co FUL -2.78% 83 Cyclically Adjusted PS Ratio is 0.85 as of Aug. 20, 2026, which is 29% below its 10-year median of 1.19. GuruFocus rates FUL with a GF Score™ of 83/100 and a GF Value™ of $67.47 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,274 Chemicals companies, H.B. Fuller Co ranks better than 63.66% on this metric.

As of today (2026-08-20), H.B. Fuller Co's current share price is $59.16. H.B. Fuller Co's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 was $69.56. H.B. Fuller Co's Cyclically Adjusted PS Ratio for today is 0.85.

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

FUL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.57   Med: 1.19   Max: 1.58
Current: 0.87

During the past years, H.B. Fuller Co's highest Cyclically Adjusted PS Ratio was 1.58. The lowest was 0.57. And the median was 1.19.

FUL's Cyclically Adjusted PS Ratio is ranked better than
63.66% of 1274 companies
in the Chemicals industry
Industry Median: 1.345 vs FUL: 0.87

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.

H.B. Fuller Co's adjusted revenue per share data for the three months ended in May. 2026 was $17.256. 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 $69.56 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


H.B. Fuller Co  (NYSE:FUL) 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.


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


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

* Premium members only.

The historical data trend for H.B. Fuller Co'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.

H.B. Fuller Co Cyclically Adjusted PS Ratio Chart

H.B. Fuller Co Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.38 1.36 1.22 1.19 0.87

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 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 0.85 0.92 0.87 0.97 0.92

FUL vs ASH, HWKN, WDFC: Cyclically Adjusted PS Ratio Comparison

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


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

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

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


FUL
83GF Score
H.B. Fuller Co FUL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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H.B. Fuller Co 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=59.16/69.56
=0.85

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=17.256/335.1230*335.1230
=17.256

Current CPI (May. 2026) = 335.1230.

H.B. Fuller Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201608 9.968 240.849 13.870
201611 11.190 241.353 15.538
201702 9.781 243.603 13.456
201705 10.867 244.733 14.881
201708 10.907 245.519 14.888
201711 13.112 246.669 17.814
201802 13.740 248.991 18.493
201805 15.226 251.588 20.282
201808 14.771 252.146 19.632
201811 14.773 252.038 19.643
201902 12.966 252.776 17.190
201905 14.578 256.092 19.077
201908 14.084 256.558 18.397
201911 14.099 257.208 18.370
202002 12.297 258.678 15.931
202005 12.966 256.394 16.947
202008 13.148 259.918 16.952
202011 14.706 260.229 18.938
202102 13.609 263.014 17.340
202105 15.248 269.195 18.982
202108 15.131 273.567 18.536
202111 16.322 277.948 19.679
202202 15.461 283.716 18.262
202205 18.034 292.296 20.676
202208 17.073 296.171 19.318
202211 17.274 297.711 19.445
202302 14.471 300.840 16.120
202305 16.121 304.127 17.764
202308 16.073 307.026 17.544
202311 16.076 307.051 17.546
202402 14.325 310.326 15.470
202405 16.193 314.069 17.279
202408 16.203 314.796 17.249
202411 16.296 315.493 17.310
202502 14.076 319.082 14.784
202505 16.343 321.465 17.037
202508 16.171 323.976 16.727
202511 16.187 324.122 16.736
202602 13.886 326.785 14.240
202605 17.256 335.123 17.256

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 0.85 mean?
H.B. Fuller Co (FUL) has a Cyclically Adjusted PS Ratio of 0.85 as of Aug. 20, 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 H.B. Fuller Co and its competitors. This is 29% below median its historical median of 1.19. Over the past decade, H.B. Fuller Co's Cyclically Adjusted PS Ratio has ranged from 0.57 to 1.58. According to the industry distribution chart, H.B. Fuller Co ranks #463 out of 1274 companies in the Chemicals industry, placing it in the top 36.3%.
Is H.B. Fuller Co's Cyclically Adjusted PS Ratio too high?
H.B. Fuller Co's current Cyclically Adjusted PS Ratio of 0.85 is 29% below median its 10-year median of 1.19. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 1.58. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.35. H.B. Fuller Co's value of 0.85 is 36.8% below this industry median. Based on the distribution chart, H.B. Fuller Co ranks #463 out of 1274 companies in the Chemicals industry, which is above the industry midpoint. Overall, H.B. Fuller Co has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does H.B. Fuller Co's Cyclically Adjusted PS Ratio compare to ASH and HWKN?
According to the Chemicals industry distribution chart, H.B. Fuller Co ranks #463 out of 1274 companies for Cyclically Adjusted PS Ratio. This puts H.B. Fuller Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.35. H.B. Fuller Co's value of 0.85 is 36.8% below this benchmark. Historically, H.B. Fuller Co's own Cyclically Adjusted PS Ratio has ranged from 0.57 to 1.58 over the past decade. While the company's 10-year median is 1.19 vs. the industry median of 1.35, H.B. Fuller Co has consistently been below 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 Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.35, based on 1,274 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. H.B. Fuller Co's current Cyclically Adjusted PS Ratio of 0.85 is 36.8% below 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 H.B. Fuller Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.35 — 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 PS Ratio is 0.85, which is 29% below median its own 10-year median of 1.19. 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?
Based on GuruFocus' analysis, H.B. Fuller Co (FUL) is currently considered Modestly Undervalued. The stock's GF Value™ is $67.47, compared to a current price of $59.16 — trading 12.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.85, which is 29% below median its 10-year median of 1.19 and 36.8% below the Chemicals industry median of 1.35. H.B. Fuller Co's overall GF Score™ is 83/100 with 6 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 H.B. Fuller Co (FUL), the current Cyclically Adjusted PS Ratio is 0.85 as of Aug. 20, 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 (FUL) Overvalued in 2026?

Based on GuruFocus' analysis, H.B. Fuller Co stock appears to be undervalued. The current stock price of $59.16 is trading 12.3% below its estimated GF Value™ of $67.47. GuruFocus considers H.B. Fuller Co to be Modestly Undervalued.

Key valuation signals for FUL:

  • Cyclically Adjusted PS Ratio: 0.85 (29% below median its 10-year median of 1.19)
  • GF Value™: $67.47 vs. price of $59.16 (12.3% below fair value)
  • GF Score™: 83/100 with 6 warning signs
  • Industry Position: 36.8% below the Chemicals median (#463 of 1274)

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


H.B. Fuller Co Business Description

Other Exchanges HB1:Germany
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.
83GF Score

Get the complete analysis for FUL

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

$59.16
Price
$67.47
GF Value