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FleetwoodASX:FWD -2.08%66 Price-to-Tangible-Book is 2.37 as of Sep. 08, 2026. GuruFocus rates ASX:FWD with a GF Score™ of 66/100 and a GF Value™ of A$2.17 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,601 Construction companies, Fleetwood ranks worse than 66.58% on this metric.
As of today (2026-09-08), Fleetwood's share price is A$2.82. Fleetwood's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was A$1.19. Hence, Fleetwood's Price to Tangible Book Ratio of today is 2.37.
The historical rank and industry rank for Fleetwood's Price-to-Tangible-Book or its related term are showing as below:
ASX:FWD'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.02 Med: 1.24 Max: 2.44
Current: 2.37
During the past 13 years, Fleetwood's highest Price to Tangible Book Ratio was 2.44. The lowest was 1.02. And the median was 1.24.
ASX:FWD's Price-to-Tangible-Book is ranked worse than 66.58% of 1601
companies
in the Construction industry
Industry Median: 1.46
vs ASX:FWD: 2.37
A closely related ratio is called PB Ratio. As of today, Fleetwood's share price is A$2.82. Fleetwood's Book Value per Sharefor the quarter that ended in Jun. 2026 was A$1.58. Hence, Fleetwood's P/B Ratio of today is 1.79.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Fleetwood Price-to-Tangible-Book Related Terms
Fleetwood Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Fleetwood's Price-to-Tangible-Book 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.
ASX:FWD vs PWR, FIX, EME: Price-to-Tangible-Book Comparison
For the Engineering & Construction subindustry, Fleetwood's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
Fleetwood Price-to-Tangible-Book vs Construction Industry
For the Construction industry and Industrials sector, Fleetwood's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Fleetwood's Price-to-Tangible-Book falls into.
* 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 PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Fleetwood (ASX:FWD) has a Price-to-Tangible-Book of 2.37 as of Sep. 08, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Fleetwood and its competitors. According to the industry distribution chart, Fleetwood ranks #1066 out of 1601 companies in the Construction industry, placing it in the top 66.6%.
Is Fleetwood's Price-to-Tangible-Book too high?
Fleetwood's current Price-to-Tangible-Book is 2.37. The Construction industry median Price-to-Tangible-Book is 1.46. Fleetwood's value of 2.37 is 62.3% above this industry median. Based on the distribution chart, Fleetwood ranks #1066 out of 1601 companies in the Construction industry, which is below the industry midpoint. Overall, Fleetwood has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fleetwood's Price-to-Tangible-Book compare to PWR and FIX?
According to the Construction industry distribution chart, Fleetwood ranks #1066 out of 1601 companies for Price-to-Tangible-Book. This places Fleetwood in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.46. Fleetwood's value of 2.37 is 62.3% 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 Price-to-Tangible-Book for a Construction company?
The median Price-to-Tangible-Book among Construction companies is 1.46, based on 1,601 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fleetwood's current Price-to-Tangible-Book of 2.37 is 62.3% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Fleetwood and its competitors. For the Construction industry, the median Price-to-Tangible-Book is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fleetwood's current Price-to-Tangible-Book is 2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fleetwood stock overvalued right now?
Based on GuruFocus' analysis, Fleetwood (ASX:FWD) is currently considered Modestly Overvalued. The stock's GF Value™ is A$2.17, compared to a current price of A$2.82 — trading 30% above its estimated fair value. The current Price-to-Tangible-Book is 2.37 and 62.3% above the Construction industry median of 1.46. Fleetwood's overall GF Score™ is 66/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Fleetwood (ASX:FWD), the current Price-to-Tangible-Book is 2.37 as of Sep. 08, 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 Fleetwood (ASX:FWD) Overvalued in 2026?
Based on GuruFocus' analysis, Fleetwood stock appears to be overvalued.
The current stock price of A$2.82 is trading 30% above its estimated GF Value™ of A$2.17.
GuruFocus considers Fleetwood to be Modestly Overvalued.
Key valuation signals for ASX:FWD:
Price-to-Tangible-Book: 2.37
GF Value™: A$2.17 vs. price of A$2.82 (30% above fair value)
Industry Position: 62.3% above the Construction median (#1066 of 1601)
No single metric tells the full story. See the ASX:FWD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fleetwood Ltd is a modular construction company. The company works with government departments, owners, architects, and engineers to design and build custom modular buildings predominantly for the affordable housing, education, custodial, and mining industries. The operating business segments are RV Solutions, Building Solutions, and Community Solutions. It generates maximum revenue from the Building Solutions segment. Geographically, the company operates in Australia and New Zealand, with maximum revenue from Australia.
66GF Score
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