FuelCell EnergyFCEL -11.85%61 Return-on-Tangible-Equity is -40.81% as of Apr. 2026. GuruFocus rates FCEL with a GF Score™ of 61/100 and a GF Value™ of $7.84 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 2,971 Industrial Products companies, FuelCell Energy ranks worse than 93.54% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. FuelCell Energy's annualized net income for the quarter that ended in Apr. 2026 was $-311.6 Mil. FuelCell Energy's average shareholder tangible equity for the quarter that ended in Apr. 2026 was $763.6 Mil. Therefore, FuelCell Energy's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was -40.81%.
The historical rank and industry rank for FuelCell Energy's Return-on-Tangible-Equity or its related term are showing as below:
FCEL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -56.72 Med: -27.26 Max: -14.89
Current: -31.68
During the past 13 years, FuelCell Energy's highest Return-on-Tangible-Equity was -14.89%. The lowest was -56.72%. And the median was -27.26%.
FCEL's Return-on-Tangible-Equity is ranked worse than 93.54% of 2971
companies
in the Industrial Products industry
Industry Median: 6.72
vs FCEL: -31.68
FuelCell Energy (NAS:FCEL) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
FuelCell Energy Return-on-Tangible-Equity Related Terms
FuelCell Energy Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for FuelCell Energy's Return-on-Tangible-Equity 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-Equity Comparison
For the Electrical Equipment & Parts subindustry, FuelCell Energy's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, FuelCell Energy's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where FuelCell Energy's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -40.81% mean?
FuelCell Energy (FCEL) has a Return-on-Tangible-Equity of -40.81% as of Apr. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on FuelCell Energy and its competitors. According to the industry distribution chart, FuelCell Energy ranks #2779 out of 2971 companies in the Industrial Products industry, placing it in the top 93.5%.
Is FuelCell Energy's Return-on-Tangible-Equity too high?
FuelCell Energy's current Return-on-Tangible-Equity is -40.81%. Based on the distribution chart, FuelCell Energy ranks #2779 out of 2971 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, FuelCell Energy has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FuelCell Energy's Return-on-Tangible-Equity compare to ENR and AMPX?
According to the Industrial Products industry distribution chart, FuelCell Energy ranks #2779 out of 2971 companies for Return-on-Tangible-Equity. This places FuelCell Energy in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.72. 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-Equity for an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.72, based on 2,971 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on FuelCell Energy and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FuelCell Energy's current Return-on-Tangible-Equity is -40.81%. 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 $7.84, compared to a current price of $28.11 — trading 258.5% above its estimated fair value. The current Return-on-Tangible-Equity is -40.81%. FuelCell Energy's overall GF Score™ is 61/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For FuelCell Energy (FCEL), the current Return-on-Tangible-Equity is -40.81% 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 $28.11 is trading 258.5% above its estimated GF Value™ of $7.84.
GuruFocus considers FuelCell Energy to be Significantly Overvalued.
Key valuation signals for FCEL:
Return-on-Tangible-Equity: -40.81%
GF Value™: $7.84 vs. price of $28.11 (258.5% 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.
61GF Score
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