Fortum OyjFOJCF 65 PB Ratio is 2.08 as of Jun. 26, 2026, which is 43% above its 10-year median of 1.45. GuruFocus rates FOJCF with a GF Score™ of 65/100 and a GF Value™ of $13.87 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 430 Utilities - Independent Power Producers companies, Fortum Oyj ranks worse than 67.21% 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 (2026-06-26), Fortum Oyj's share price is $22.00. Fortum Oyj's Book Value per Share for the quarter that ended in Mar. 2026 was $10.56. Hence, Fortum Oyj's PB Ratio of today is 2.08.
The historical rank and industry rank for Fortum Oyj's PB Ratio or its related term are showing as below:
FOJCF'
s PB Ratio Range Over the Past 10 Years
Min: 0.81 Med: 1.45 Max: 6.77
Current: 2.03
During the past 13 years, Fortum Oyj's highest PB Ratio was 6.77. The lowest was 0.81. And the median was 1.45.
During the past 12 months, Fortum Oyj's average Book Value Per Share Growth Rate was -14.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -8.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -5.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Fortum Oyj was 11.20% per year. The lowest was -16.40% per year. And the median was 4.10% 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.
Fortum Oyj PB Ratio Related Terms
Fortum Oyj PB Ratio Historical Data
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The historical data trend for Fortum Oyj'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 Utilities - Renewable subindustry, Fortum Oyj'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.
Fortum Oyj PB Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Fortum Oyj's PB Ratio distribution charts can be found below:
* The bar in red indicates where Fortum Oyj'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.
Fortum Oyj'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.
Fortum Oyj (FOJCF) has a PB Ratio of 2.08 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Fortum Oyj and its competitors. This is 43% above median its historical median of 1.45. Over the past decade, Fortum Oyj's PB Ratio has ranged from 0.81 to 6.77. According to the industry distribution chart, Fortum Oyj ranks #289 out of 430 companies in the Utilities - Independent Power Producers industry, placing it in the top 67.2%.
Is Fortum Oyj's PB Ratio too high?
Fortum Oyj's current PB Ratio of 2.08 is 43% above median its 10-year median of 1.45. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 6.77. The Utilities - Independent Power Producers industry median PB Ratio is 1.36. Fortum Oyj's value of 2.08 is 53.5% above this industry median. Based on the distribution chart, Fortum Oyj ranks #289 out of 430 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Fortum Oyj has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortum Oyj's PB Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Fortum Oyj ranks #289 out of 430 companies for PB Ratio. This places Fortum Oyj in the lower half of its industry. The industry median PB Ratio is 1.36. Fortum Oyj's value of 2.08 is 53.5% above this benchmark. Historically, Fortum Oyj's own PB Ratio has ranged from 0.81 to 6.77 over the past decade. While the company's 10-year median is 1.45 vs. the industry median of 1.36, Fortum Oyj 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 an Utilities - Independent Power Producers company?
The median PB Ratio among Utilities - Independent Power Producers companies is 1.36, based on 430 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. Fortum Oyj's current PB Ratio of 2.08 is 53.5% 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 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 Fortum Oyj and its competitors. For the Utilities - Independent Power Producers industry, the median PB Ratio is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortum Oyj's current PB Ratio is 2.08, which is 43% above median its own 10-year median of 1.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortum Oyj stock overvalued right now?
Based on GuruFocus' analysis, Fortum Oyj (FOJCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.87, compared to a current price of $22.00 — trading 58.6% above its estimated fair value. The current PB Ratio is 2.08, which is 43% above median its 10-year median of 1.45 and 53.5% above the Utilities - Independent Power Producers industry median of 1.36. Fortum Oyj'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 Fortum Oyj (FOJCF), the current PB Ratio is 2.08 as of Jun. 26, 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 Fortum Oyj (FOJCF) Overvalued in 2026?
Based on GuruFocus' analysis, Fortum Oyj stock appears to be overvalued.
The current stock price of $22.00 is trading 58.6% above its estimated GF Value™ of $13.87.
GuruFocus considers Fortum Oyj to be Significantly Overvalued.
Key valuation signals for FOJCF:
PB Ratio: 2.08 (43% above median its 10-year median of 1.45)
GF Value™: $13.87 vs. price of $22.00 (58.6% above fair value)
Industry Position: 53.5% above the Utilities - Independent Power Producers median (#289 of 430)
No single metric tells the full story. See the FOJCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortum Oyj is a Finnish energy company that operates power plants that use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, Consumer Solutions, and Other Operations.
65GF Score
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