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Fuelcell Energy price to book ratio FCEL

Market value divided by the book value of the company's net assets, since 2012.

Today, Oct 23, 2026
0.9×
10-year median
24.2×
Against its 10-year history
15th
percentile: 0 is its lowest day, 100 its highest
10-year range
0.1× to 198×
Peer median
1.3×

Fuelcell Energy's price to book ratio is 0.9× as of Oct 23, 2026.

That is below its ten-year median of 24.2×, lower than on 85% of days in the last ten years.

Over that time it ranged from 0.1× in Apr 2025 to 198× in Jul 2021.

The median for 10 industrial stocks of a similar size is 1.3×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far0.9×0.5×2.6×
20250.6×0.1×0.6×
20248.3×5.1×27.8×
202331.8×19.9×72.7×
202249.4×47.5×123×
202189.0×89.0×198×
2020178×91.7×195×
201956.5×2.0×56.5×
201817.9×15.6×46.0×
201731.4×11.2×41.8×
201614.0×14.0×73.8×
201538.4×38.4×137×
2014140×138×190×
2013n/m a value too high to mean anything
2012196×107×200×

Against its peers

Companies in Industrials nearest Fuelcell Energy's size, closest first, today.

CompanyPrice to book ratio
FCELFuelcell Energy0.9×
ASTEAstec Industries1.3×
NXQuanex Building Products CORP1.2×
PLOWDouglas Dynamics3.1×
AEBIAebi Schmidt1.0×
NPKINPK International2.5×
NWPXNWPX Infrastructure2.2×
WLFCWillis Lease Finance1.2×
MRTNMarten Transport1.3×
WGOWinnebago Industries0.7×
BBSIBarrett Business Services4.0×
Peer median1.3×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Fuelcell Energy

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.