Fluence EnergyHAM:98W -0.75%52 PB Ratio is 6.61 as of Jul. 07, 2026, which is 29% above its 10-year median of 5.11. GuruFocus rates HAM:98W with a GF Score™ of 52/100 and a GF Value™ of €20.48 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 430 Utilities - Independent Power Producers companies, Fluence Energy ranks worse than 92.09% 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 (2026-07-07), Fluence Energy's share price is €15.84. Fluence Energy's Book Value per Share for the quarter that ended in Mar. 2026 was €2.40. Hence, Fluence Energy's PB Ratio of today is 6.61.
The historical rank and industry rank for Fluence Energy's PB Ratio or its related term are showing as below:
HAM:98W'
s PB Ratio Range Over the Past 10 Years
Min: 1.24 Med: 5.11 Max: 10.49
Current: 6.43
During the past 7 years, Fluence Energy's highest PB Ratio was 10.49. The lowest was 1.24. And the median was 5.11.
During the past 12 months, Fluence Energy's average Book Value Per Share Growth Rate was -6.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -4.80% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Fluence Energy was 94.60% per year. The lowest was -4.80% per year. And the median was 44.90% 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.
Fluence Energy PB Ratio Related Terms
Fluence Energy PB Ratio Historical Data
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The historical data trend for Fluence Energy'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, Fluence Energy'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.
Fluence Energy PB Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Fluence Energy's PB Ratio distribution charts can be found below:
* The bar in red indicates where Fluence Energy'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.
Fluence Energy'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.
Fluence Energy (HAM:98W) has a PB Ratio of 6.61 as of Jul. 07, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Fluence Energy and its competitors. This is 29% above median its historical median of 5.11. Over the past decade, Fluence Energy's PB Ratio has ranged from 1.24 to 10.49. According to the industry distribution chart, Fluence Energy ranks #396 out of 430 companies in the Utilities - Independent Power Producers industry, placing it in the top 92.1%.
Is Fluence Energy's PB Ratio too high?
Fluence Energy's current PB Ratio of 6.61 is 29% above median its 10-year median of 5.11. Over the past 10 years, this metric has ranged from a low of 1.24 to a high of 10.49. The Utilities - Independent Power Producers industry median PB Ratio is 1.30. Fluence Energy's value of 6.61 is 410.4% above this industry median. Based on the distribution chart, Fluence Energy ranks #396 out of 430 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Fluence Energy has a GF Score™ of 52/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fluence Energy's PB Ratio compare to RNW and XIFR?
According to the Utilities - Independent Power Producers industry distribution chart, Fluence Energy ranks #396 out of 430 companies for PB Ratio. This places Fluence Energy in the lower half of its industry. The industry median PB Ratio is 1.30. Fluence Energy's value of 6.61 is 410.4% above this benchmark. Historically, Fluence Energy's own PB Ratio has ranged from 1.24 to 10.49 over the past decade. While the company's 10-year median is 5.11 vs. the industry median of 1.30, Fluence Energy 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 1.30, 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. Fluence Energy's current PB Ratio of 6.61 is 410.4% 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 Fluence Energy and its competitors. For the Utilities - Independent Power Producers industry, the median PB Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fluence Energy's current PB Ratio is 6.61, which is 29% above median its own 10-year median of 5.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fluence Energy stock overvalued right now?
Based on GuruFocus' analysis, Fluence Energy (HAM:98W) is currently considered Modestly Undervalued. The stock's GF Value™ is €20.48, compared to a current price of €15.84 — trading 22.7% below its estimated fair value. The current PB Ratio is 6.61, which is 29% above median its 10-year median of 5.11 and 410.4% above the Utilities - Independent Power Producers industry median of 1.30. Fluence Energy's overall GF Score™ is 52/100 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 Fluence Energy (HAM:98W), the current PB Ratio is 6.61 as of Jul. 07, 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 Fluence Energy (HAM:98W) Overvalued in 2026?
Based on GuruFocus' analysis, Fluence Energy stock appears to be undervalued.
The current stock price of €15.84 is trading 22.7% below its estimated GF Value™ of €20.48.
GuruFocus considers Fluence Energy to be Modestly Undervalued.
Key valuation signals for HAM:98W:
PB Ratio: 6.61 (29% above median its 10-year median of 5.11)
GF Value™: €20.48 vs. price of €15.84 (22.7% below fair value)
Industry Position: 410.4% above the Utilities - Independent Power Producers median (#396 of 430)
No single metric tells the full story. See the HAM:98W stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fluence Energy Inc provides intelligent energy storage and optimization software for renewables and storage. Its energy storage solutions and operational services support a more resilient grid and help unlock the potential of renewable portfolios. The company's offerings include energy storage solutions, recurring operational and maintenance services, and Software-as-a-Service (SaaS) products designed to meet customer business needs, performance requirements, in-house capabilities, and risk profiles. Its service plans offer varying levels of training, maintenance, guarantees, warranties, and support for active system management. The company operates in the Americas, APAC and EMEA, with the majority of revenue coming from the Americas.
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