FCEL (FuelCell Energy) ROE % Adjusted to Book Value: -35.33% (As of Apr. 2026)


FCEL FuelCell Energy Inc FCEL
60 GF Score
Price $24.00
GF Value $7.92
Valuation Significantly Overvalued
! 11 Warning Signs
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What is FuelCell Energy ROE % Adjusted to Book Value?

FuelCell Energy FCEL +22.20% 60 ROE % Adjusted to Book Value is -35.33% as of Apr. 2026. GuruFocus rates FCEL with a GF Score™ of 60/100 and a GF Value™ of $7.92 (Significantly Overvalued). The stock has 11 warning signs investors should review.

FuelCell Energy's ROE % for the quarter that ended in Apr. 2026 was -40.63%. FuelCell Energy's PB Ratio for the quarter that ended in Apr. 2026 was 1.15. FuelCell Energy's ROE % Adjusted to Book Value for the quarter that ended in Apr. 2026 was -35.33%.


FuelCell Energy ROE % Adjusted to Book Value Related Terms


FuelCell Energy ROE % Adjusted to Book Value Historical Data

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The historical data trend for FuelCell Energy's ROE % Adjusted to Book Value 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.

FuelCell Energy ROE % Adjusted to Book Value Chart

FuelCell Energy Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.63 -10.66 -20.10 -53.97 -42.13

FuelCell Energy Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -148.73 -219.46 -28.81 -19.97 -35.33

FCEL vs ENR, ADSE, KE: ROE % Adjusted to Book Value Comparison

For the Electrical Equipment & Parts subindustry, FuelCell Energy's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, FuelCell Energy's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where FuelCell Energy's ROE % Adjusted to Book Value falls into.


FCEL
60GF Score
FuelCell Energy Inc FCEL
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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FuelCell Energy ROE % Adjusted to Book Value Calculation

FuelCell Energy's ROE % Adjusted to Book Value for the fiscal year that ended in Oct. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-26.12% / 0.62
=-42.13%

FuelCell Energy's ROE % Adjusted to Book Value for the quarter that ended in Apr. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-40.63% / 1.15
=-35.33%

* 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.

What does a ROE % Adjusted to Book Value of -35.33% mean?
FuelCell Energy (FCEL) has a ROE % Adjusted to Book Value of -35.33% as of Apr. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on FuelCell Energy and its competitors.
Is FuelCell Energy's ROE % Adjusted to Book Value too high?
FuelCell Energy's current ROE % Adjusted to Book Value is -35.33%. 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 ROE % Adjusted to Book Value compare to ENR and ADSE?
FuelCell Energy's ROE % Adjusted to Book Value of -35.33% can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for an Industrial Products company?
A good ROE % Adjusted to Book Value depends on the Industrial Products industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on FuelCell Energy and its competitors. FuelCell Energy's current ROE % Adjusted to Book Value is -35.33%. 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 $7.92, compared to a current price of $24.00 — trading 203% above its estimated fair value. The current ROE % Adjusted to Book Value is -35.33%. FuelCell Energy's overall GF Score™ is 60/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For FuelCell Energy (FCEL), the current ROE % Adjusted to Book Value is -35.33% 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 $24.00 is trading 203% above its estimated GF Value™ of $7.92. GuruFocus considers FuelCell Energy to be Significantly Overvalued.

Key valuation signals for FCEL:

  • ROE % Adjusted to Book Value: -35.33%
  • GF Value™: $7.92 vs. price of $24.00 (203% above fair value)
  • GF Score™: 60/100 with 11 warning signs

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 Business Description

Address 3 Great Pasture Road, Danbury, CT, USA, 06810
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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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$24.00
Price
$7.92
GF Value