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Fuel TechFTEK -0.70%70 Forward PE Ratio is 114.34 as of Aug. 01, 2026. GuruFocus rates FTEK with a GF Score™ of 70/100 and a GF Value™ of $1.14 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,295 Industrial Products companies, Fuel Tech ranks worse than 96.14% on this metric.
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Fuel Tech Forward PE Ratio Related Terms
Fuel Tech Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Fuel Tech's Forward PE 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.
Fuel Tech Forward PE Ratio Chart
Fuel Tech Annual Data
Trend
2018-12
2019-12
2022-12
2025-12
Forward PE Ratio
123.46
14.41
131.58
163.00
Fuel Tech Quarterly Data
2018-12
2019-03
2019-09
2019-12
2020-03
2022-12
2023-03
2025-12
2026-03
Forward PE Ratio
123.46
33.44
11.88
14.41
7.83
131.58
147.06
163.00
123.00
FTEK vs SCWO, BCHT, CLIR: Forward PE Ratio Comparison
For the Pollution & Treatment Controls subindustry, Fuel Tech's Forward PE Ratio, along with its competitors' market caps and Forward 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.
Fuel Tech Forward PE Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Fuel Tech's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Fuel Tech's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Fuel Tech (FTEK) has a Forward PE Ratio of 114.34 as of Aug. 01, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Fuel Tech and its competitors. According to the industry distribution chart, Fuel Tech ranks #1245 out of 1295 companies in the Industrial Products industry, placing it in the top 96.1%.
Is Fuel Tech's Forward PE Ratio too high?
Fuel Tech's current Forward PE Ratio is 114.34. The Industrial Products industry median Forward PE Ratio is 18.76. Fuel Tech's value of 114.34 is 509.5% above this industry median. Based on the distribution chart, Fuel Tech ranks #1245 out of 1295 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Fuel Tech has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fuel Tech's Forward PE Ratio compare to SCWO and BCHT?
According to the Industrial Products industry distribution chart, Fuel Tech ranks #1245 out of 1295 companies for Forward PE Ratio. This places Fuel Tech in the lower half of its industry. The industry median Forward PE Ratio is 18.76. Fuel Tech's value of 114.34 is 509.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for an Industrial Products company?
The median Forward PE Ratio among Industrial Products companies is 18.76, based on 1,295 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fuel Tech's current Forward PE Ratio of 114.34 is 509.5% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Fuel Tech and its competitors. For the Industrial Products industry, the median Forward PE Ratio is 18.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fuel Tech's current Forward PE Ratio is 114.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fuel Tech stock overvalued right now?
Based on GuruFocus' analysis, Fuel Tech (FTEK) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.14, compared to a current price of $1.41 — trading 23.7% above its estimated fair value. The current Forward PE Ratio is 114.34 and 509.5% above the Industrial Products industry median of 18.76. Fuel Tech's overall GF Score™ is 70/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Fuel Tech (FTEK), the current Forward PE Ratio is 114.34 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 Fuel Tech (FTEK) Overvalued in 2026?
Based on GuruFocus' analysis, Fuel Tech stock appears to be overvalued.
The current stock price of $1.41 is trading 23.7% above its estimated GF Value™ of $1.14.
GuruFocus considers Fuel Tech to be Modestly Overvalued.
Key valuation signals for FTEK:
Forward PE Ratio: 114.34
GF Value™: $1.14 vs. price of $1.41 (23.7% above fair value)
Industry Position: 509.5% above the Industrial Products median (#1245 of 1295)
No single metric tells the full story. See the FTEK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fuel Tech Inc is a technology provider of boiler optimization, efficiency improvement, and air pollution reduction to utility and industrial customers. The company operates in two segments, Air Pollution Control and Fuel Chem. The Air Pollution Control technology segment includes technologies to reduce NOx emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources. The Fuel Chem technology segment uses chemical processes in combination with Computational Fluid Dynamics and Chemical Kinetics Modeling for boiler modeling for the control of slagging, fouling, corrosion, opacity and other sulfur trioxide-related issues in furnaces and boilers through the addition of chemicals into the furnace using TIFI Targeted In-Furnace Injection technology.
70GF Score
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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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