FSI (Flexible Solutions International) PB Ratio: 2.02 (As of Sep. 09, 2026) — 49% Above 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.

FSI Flexible Solutions International Inc FSI
64 GF Score
Price $5.86
GF Value $4.32
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Flexible Solutions International PB Ratio?

Flexible Solutions International FSI +1.91% 64 PB Ratio is 2.02 as of Sep. 09, 2026, which is 49% above its 10-year median of 1.36. GuruFocus rates FSI with a GF Score™ of 64/100 and a GF Value™ of $4.32 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,581 Chemicals companies, Flexible Solutions International ranks worse than 55.53% on this metric.

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-09-09), Flexible Solutions International's share price is $5.86. Flexible Solutions International's Book Value per Share for the quarter that ended in Jun. 2026 was $2.90. Hence, Flexible Solutions International's PB Ratio of today is 2.02.

The historical rank and industry rank for Flexible Solutions International's PB Ratio or its related term are showing as below:

FSI' s PB Ratio Range Over the Past 10 Years
Min: 0.57   Med: 1.36   Max: 3.62
Current: 2.02

During the past 13 years, Flexible Solutions International's highest PB Ratio was 3.62. The lowest was 0.57. And the median was 1.36.

FSI's PB Ratio is ranked worse than
55.53% of 1581 companies
in the Chemicals industry
Industry Median: 1.72 vs FSI: 2.02

During the past 12 months, Flexible Solutions International's average Book Value Per Share Growth Rate was -6.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 5.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 12.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 13.60% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Flexible Solutions International was 167.50% per year. The lowest was -2.20% per year. And the median was 9.60% per year.

Back to Basics: PB Ratio


Flexible Solutions International  (AMEX:FSI) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Flexible Solutions International PB Ratio Related Terms


Flexible Solutions International PB Ratio Historical Data

* Premium members only.

The historical data trend for Flexible Solutions International's 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.

Flexible Solutions International PB Ratio Chart

Flexible Solutions International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.91 1.18 0.67 1.19 2.20

Flexible Solutions International Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.56 3.14 2.20 1.77 2.30

FSI vs NTIC, FEAM, KBLB: PB Ratio Comparison

For the Specialty Chemicals subindustry, Flexible Solutions International's PB Ratio, along with its competitors' market caps and 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.


Flexible Solutions International PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Flexible Solutions International's PB Ratio distribution charts can be found below:

* The bar in red indicates where Flexible Solutions International's PB Ratio falls into.


FSI
64GF Score
Flexible Solutions International Inc FSI
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Flexible Solutions International PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Flexible Solutions International's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Jun. 2026)
=5.86/2.9
=2.02

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 2.02 mean?
Flexible Solutions International (FSI) has a PB Ratio of 2.02 as of Sep. 09, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Flexible Solutions International and its competitors. This is 49% above median its historical median of 1.36. Over the past decade, Flexible Solutions International's PB Ratio has ranged from 0.57 to 3.62. According to the industry distribution chart, Flexible Solutions International ranks #878 out of 1581 companies in the Chemicals industry, placing it in the top 55.5%.
Is Flexible Solutions International's PB Ratio too high?
Flexible Solutions International's current PB Ratio of 2.02 is 49% above median its 10-year median of 1.36. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 3.62. The Chemicals industry median PB Ratio is 1.72. Flexible Solutions International's value of 2.02 is 17.4% above this industry median. Based on the distribution chart, Flexible Solutions International ranks #878 out of 1581 companies in the Chemicals industry, which is below the industry midpoint. Overall, Flexible Solutions International has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Flexible Solutions International's PB Ratio compare to NTIC and FEAM?
According to the Chemicals industry distribution chart, Flexible Solutions International ranks #878 out of 1581 companies for PB Ratio. This places Flexible Solutions International in the lower half of its industry. The industry median PB Ratio is 1.72. Flexible Solutions International's value of 2.02 is 17.4% above this benchmark. Historically, Flexible Solutions International's own PB Ratio has ranged from 0.57 to 3.62 over the past decade. While the company's 10-year median is 1.36 vs. the industry median of 1.72, Flexible Solutions International 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 PB Ratio for a Chemicals company?
The median PB Ratio among Chemicals companies is 1.72, based on 1,581 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Flexible Solutions International's current PB Ratio of 2.02 is 17.4% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Flexible Solutions International and its competitors. For the Chemicals industry, the median PB Ratio is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flexible Solutions International's current PB Ratio is 2.02, which is 49% above median its own 10-year median of 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flexible Solutions International stock overvalued right now?
Based on GuruFocus' analysis, Flexible Solutions International (FSI) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.32, compared to a current price of $5.86 — trading 35.6% above its estimated fair value. The current PB Ratio is 2.02, which is 49% above median its 10-year median of 1.36 and 17.4% above the Chemicals industry median of 1.72. Flexible Solutions International's overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Flexible Solutions International (FSI), the current PB Ratio is 2.02 as of Sep. 09, 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 Flexible Solutions International (FSI) Overvalued in 2026?

Based on GuruFocus' analysis, Flexible Solutions International stock appears to be overvalued. The current stock price of $5.86 is trading 35.6% above its estimated GF Value™ of $4.32. GuruFocus considers Flexible Solutions International to be Significantly Overvalued.

Key valuation signals for FSI:

  • PB Ratio: 2.02 (49% above median its 10-year median of 1.36)
  • GF Value™: $4.32 vs. price of $5.86 (35.6% above fair value)
  • GF Score™: 64/100 with 3 warning signs
  • Industry Position: 17.4% above the Chemicals median (#878 of 1581)

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


Flexible Solutions International Business Description

Address 6001 54 Avenue, Taber, AB, CAN, T1G 1X4
Flexible Solutions International Inc develops, manufactures, and markets specialty chemicals that slow the evaporation of water. Its business is organized into two segments: Energy and Water Conservation Products and Biodegradable Polymers. It offers a liquid swimming pool blanket under the WATERSAVR brand, which saves energy and water by inhibiting evaporation from the pool surface, and a chemical product called HEATSAV for use in swimming pools and spas to slow water evaporation. The company also manufactures and markets water-soluble chemicals utilizing thermal polyaspartate biopolymers. It generates the majority of its revenues from the export of its products to international markets.
64GF Score

Get the complete analysis for FSI

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

$5.86
Price
$4.32
GF Value