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Fuel TechFTEK -1.27%65 PB Ratio is 1.25 as of Jul. 16, 2026, which is 49% above its 10-year median of 0.84. GuruFocus rates FTEK with a GF Score™ of 65/100 and a GF Value™ of $1.13 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,983 Industrial Products companies, Fuel Tech ranks better than 71.37% 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 (2026-07-16), Fuel Tech's share price is $1.55. Fuel Tech's Book Value per Share for the quarter that ended in Mar. 2026 was $1.24. Hence, Fuel Tech's PB Ratio of today is 1.25.
The historical rank and industry rank for Fuel Tech's PB Ratio or its related term are showing as below:
FTEK'
s PB Ratio Range Over the Past 10 Years
Min: 0.39 Med: 0.84 Max: 6.51
Current: 1.25
During the past 13 years, Fuel Tech's highest PB Ratio was 6.51. The lowest was 0.39. And the median was 0.84.
FTEK's PB Ratio is ranked better than 71.37% of 2983
companies
in the Industrial Products industry
Industry Median: 2.19
vs FTEK: 1.25
During the past 12 months, Fuel Tech's average Book Value Per Share Growth Rate was -8.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -4.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -3.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Fuel Tech was 42.70% per year. The lowest was -23.50% per year. And the median was 4.50% per year.
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.
Fuel Tech PB Ratio Related Terms
Fuel Tech PB Ratio Historical Data
* Premium members only.
The historical data trend for Fuel Tech'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.
For the Pollution & Treatment Controls subindustry, Fuel Tech'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.
Fuel Tech PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Fuel Tech's PB Ratio distribution charts can be found below:
* The bar in red indicates where Fuel Tech's PB Ratio falls into.
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.
Fuel Tech's PB Ratio for today is calculated as follows:
* 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.
Fuel Tech (FTEK) has a PB Ratio of 1.25 as of Jul. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Fuel Tech and its competitors. This is 49% above median its historical median of 0.84. Over the past decade, Fuel Tech's PB Ratio has ranged from 0.39 to 6.51. According to the industry distribution chart, Fuel Tech ranks #854 out of 2983 companies in the Industrial Products industry, placing it in the top 28.6%.
Is Fuel Tech's PB Ratio too high?
Fuel Tech's current PB Ratio of 1.25 is 49% above median its 10-year median of 0.84. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 6.51. The Industrial Products industry median PB Ratio is 2.19. Fuel Tech's value of 1.25 is 42.9% below this industry median. Based on the distribution chart, Fuel Tech ranks #854 out of 2983 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Fuel Tech has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fuel Tech's PB Ratio compare to BCHT and SCWO?
According to the Industrial Products industry distribution chart, Fuel Tech ranks #854 out of 2983 companies for PB Ratio. This puts Fuel Tech in the upper half of its industry. The industry median PB Ratio is 2.19. Fuel Tech's value of 1.25 is 42.9% below this benchmark. Historically, Fuel Tech's own PB Ratio has ranged from 0.39 to 6.51 over the past decade. While the company's 10-year median is 0.84 vs. the industry median of 2.19, Fuel Tech 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 PB Ratio for an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.19, based on 2,983 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. Fuel Tech's current PB Ratio of 1.25 is 42.9% 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 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 Fuel Tech and its competitors. For the Industrial Products industry, the median PB Ratio is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fuel Tech's current PB Ratio is 1.25, which is 49% above median its own 10-year median of 0.84. 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 Significantly Overvalued. The stock's GF Value™ is $1.13, compared to a current price of $1.55 — trading 37.2% above its estimated fair value. The current PB Ratio is 1.25, which is 49% above median its 10-year median of 0.84 and 42.9% below the Industrial Products industry median of 2.19. Fuel Tech's overall GF Score™ is 65/100 with 4 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 Fuel Tech (FTEK), the current PB Ratio is 1.25 as of Jul. 16, 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 $1.55 is trading 37.2% above its estimated GF Value™ of $1.13.
GuruFocus considers Fuel Tech to be Significantly Overvalued.
Key valuation signals for FTEK:
PB Ratio: 1.25 (49% above median its 10-year median of 0.84)
GF Value™: $1.13 vs. price of $1.55 (37.2% above fair value)
Industry Position: 42.9% below the Industrial Products median (#854 of 2983)
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.
65GF Score
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