H.B. Fuller Co (FRA:HB1) E10: €2.67 (As of May. 2026)


FRA:HB1 H.B. Fuller Co FRA:HB1
83 GF Score
Price €51.50
GF Value €59.16
Valuation Modestly Undervalued
! 4 Warning Signs
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What is H.B. Fuller Co E10?

H.B. Fuller Co FRA:HB1 -6.36% 83 E10 is €2.67 as of May. 2026. GuruFocus rates FRA:HB1 with a GF Score™ of 83/100 and a GF Value™ of €59.16 (Modestly Undervalued). The stock has 4 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

H.B. Fuller Co's adjusted earnings per share data for the three months ended in May. 2026 was €1.053. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.67 for the trailing ten years ended in May. 2026.

During the past 12 months, H.B. Fuller Co's average E10 Growth Rate was 6.00% per year. During the past 3 years, the average E10 Growth Rate was 4.80% per year. During the past 5 years, the average E10 Growth Rate was 6.40% per year. During the past 10 years, the average E10 Growth Rate was 6.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of H.B. Fuller Co was 13.00% per year. The lowest was 0.20% per year. And the median was 6.60% per year.

As of today (2026-07-01), H.B. Fuller Co's current stock price is €51.50. H.B. Fuller Co's E10 for the quarter that ended in May. 2026 was €2.67. H.B. Fuller Co's Shiller PE Ratio of today is 19.29.

During the past 13 years, the highest Shiller PE Ratio of H.B. Fuller Co was 33.18. The lowest was 12.23. And the median was 25.73.


H.B. Fuller Co  (FRA:HB1) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

H.B. Fuller Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=51.50/2.67
=19.29

* 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.

During the past 13 years, the highest Shiller P/E Ratio of H.B. Fuller Co was 33.18. The lowest was 12.23. And the median was 25.73.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


H.B. Fuller Co E10 Related Terms


H.B. Fuller Co E10 Historical Data

* Premium members only.

The historical data trend for H.B. Fuller Co's E10 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 E10 Chart

H.B. Fuller Co Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.20 2.49 2.47 2.73 2.64

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
E10 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 2.60 2.61 2.64 2.56 2.67

FRA:HB1 vs HWKN, WDFC, AVNT: E10 Comparison

For the Specialty Chemicals subindustry, H.B. Fuller Co's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Chemicals Industry

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

* The bar in red indicates where H.B. Fuller Co's Shiller PE Ratio falls into.


FRA:HB1
83GF Score
H.B. Fuller Co FRA:HB1
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

H.B. Fuller Co E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

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

Adj_EPS= Earnings per Share (Diluted) /CPI of May. 2026 (Change)*Current CPI (May. 2026)
=1.053/335.1230*335.1230
=1.053

Current CPI (May. 2026) = 335.1230.

H.B. Fuller Co Quarterly Data

per share eps CPI Adj_EPS
201608 0.571 240.849 0.795
201611 0.705 241.353 0.979
201702 0.272 243.603 0.374
201705 0.452 244.733 0.619
201708 0.415 245.519 0.566
201711 -0.128 246.669 -0.174
201802 0.745 248.991 1.003
201805 0.728 251.588 0.970
201808 0.624 252.146 0.829
201811 0.695 252.038 0.924
201902 0.211 252.776 0.280
201905 0.626 256.092 0.819
201908 0.872 256.558 1.139
201911 0.552 257.208 0.719
202002 0.174 258.678 0.225
202005 0.559 256.394 0.731
202008 0.668 259.918 0.861
202011 0.651 260.229 0.838
202102 0.463 263.014 0.590
202105 0.741 269.195 0.922
202108 0.493 273.567 0.604
202111 1.034 277.948 1.247
202202 0.608 283.716 0.718
202205 0.814 292.296 0.933
202208 0.829 296.171 0.938
202211 0.853 297.711 0.960
202302 0.364 300.840 0.405
202305 0.672 304.127 0.740
202308 0.614 307.026 0.670
202311 0.739 307.051 0.807
202402 0.510 310.326 0.551
202405 0.842 314.069 0.898
202408 0.889 314.796 0.946
202411 -0.122 315.493 -0.130
202502 0.230 319.082 0.242
202505 0.674 321.465 0.703
202508 1.048 323.976 1.084
202511 0.467 324.122 0.483
202602 0.321 326.785 0.329
202605 1.053 335.123 1.053

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of €2.67 mean?
H.B. Fuller Co (FRA:HB1) has a E10 of €2.67 as of May. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on H.B. Fuller Co and its competitors.
Is H.B. Fuller Co's E10 too high?
H.B. Fuller Co's current E10 is €2.67. 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 E10 compare to HWKN and WDFC?
H.B. Fuller Co's E10 of €2.67 can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Chemicals company?
A good E10 depends on the Chemicals industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on H.B. Fuller Co and its competitors. H.B. Fuller Co's current E10 is €2.67. 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 (FRA:HB1) is currently considered Modestly Undervalued. The stock's GF Value™ is €59.16, compared to a current price of €51.50 — trading 12.9% below its estimated fair value. The current E10 is €2.67. H.B. Fuller Co's overall GF Score™ is 83/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For H.B. Fuller Co (FRA:HB1), the current E10 is €2.67 as of May. 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 €51.50 is trading 12.9% below its estimated GF Value™ of €59.16. GuruFocus considers H.B. Fuller Co to be Modestly Undervalued.

Key valuation signals for FRA:HB1:

  • E10: €2.67
  • GF Value™: €59.16 vs. price of €51.50 (12.9% below fair value)
  • GF Score™: 83/100 with 4 warning signs

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.
83GF Score

Get the complete analysis for FRA:HB1

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€51.50
Price
€59.16
GF Value