FuelCell EnergyFCEL -8.57%60 Return-on-Tangible-Asset is -31.56% as of Apr. 2026. GuruFocus rates FCEL with a GF Score™ of 60/100 and a GF Value™ of $7.64 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 3,076 Industrial Products companies, FuelCell Energy ranks worse than 94.31% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. FuelCell Energy's annualizedNet Income for the quarter that ended in Apr. 2026 was $-311.6 Mil. FuelCell Energy's average total tangible assets for the quarter that ended in Apr. 2026 was $987.5 Mil. Therefore, FuelCell Energy's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was -31.56%.
The historical rank and industry rank for FuelCell Energy's Return-on-Tangible-Asset or its related term are showing as below:
FCEL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -24.44 Med: -15.79 Max: -11.61
Current: -24.19
During the past 13 years, FuelCell Energy's highest Return-on-Tangible-Asset was -11.61%. The lowest was -24.44%. And the median was -15.79%.
FCEL's Return-on-Tangible-Asset is ranked worse than 94.31% of 3076
companies
in the Industrial Products industry
Industry Median: 3.24
vs FCEL: -24.19
FuelCell Energy (NAS:FCEL) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
FuelCell Energy Return-on-Tangible-Asset Related Terms
FuelCell Energy Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for FuelCell Energy's Return-on-Tangible-Asset 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.
FCEL vs ENR, AMPX, PLPC: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, FuelCell Energy's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
FuelCell Energy Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, FuelCell Energy's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where FuelCell Energy's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of -31.56% mean?
FuelCell Energy (FCEL) has a Return-on-Tangible-Asset of -31.56% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on FuelCell Energy and its competitors. According to the industry distribution chart, FuelCell Energy ranks #2901 out of 3076 companies in the Industrial Products industry, placing it in the top 94.3%.
Is FuelCell Energy's Return-on-Tangible-Asset too high?
FuelCell Energy's current Return-on-Tangible-Asset is -31.56%. Based on the distribution chart, FuelCell Energy ranks #2901 out of 3076 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, FuelCell Energy has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FuelCell Energy's Return-on-Tangible-Asset compare to ENR and AMPX?
According to the Industrial Products industry distribution chart, FuelCell Energy ranks #2901 out of 3076 companies for Return-on-Tangible-Asset. This places FuelCell Energy in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.24. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.24, based on 3,076 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on FuelCell Energy and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FuelCell Energy's current Return-on-Tangible-Asset is -31.56%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FuelCell Energy stock overvalued right now?
Based on GuruFocus' analysis, FuelCell Energy (FCEL) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.64, compared to a current price of $21.03 — trading 175.3% above its estimated fair value. The current Return-on-Tangible-Asset is -31.56%. FuelCell Energy's overall GF Score™ is 60/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For FuelCell Energy (FCEL), the current Return-on-Tangible-Asset is -31.56% as of Apr. 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 FuelCell Energy (FCEL) Overvalued in 2026?
Based on GuruFocus' analysis, FuelCell Energy stock appears to be overvalued.
The current stock price of $21.03 is trading 175.3% above its estimated GF Value™ of $7.64.
GuruFocus considers FuelCell Energy to be Significantly Overvalued.
Key valuation signals for FCEL:
Return-on-Tangible-Asset: -31.56%
GF Value™: $7.64 vs. price of $21.03 (175.3% above fair value)
No single metric tells the full story. See the FCEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FuelCell Energy Inc is a clean energy technology company engaged in the development, design, production, and servicing of high temperature fuel cells for clean electric power generation. The Company provides proprietary molten carbonate fuel cell systems that generate electricity electrochemically with ultra low emissions and high efficiency, and operates as a solutions provider managing the design, manufacturing, installation, and maintenance of its systems under long term power purchase, service, and engineering procurement agreements. The Company serves utilities, data centers, and commercial and industrial customers, and operates in the United States, South Korea, Europe, and Canada, with maximum revenue generated from the United States.
60GF Score
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