Question 1

What is H.B. Fuller's P/B ratio?

Accepted Answer

H.B. Fuller (FUL) P/B ratio is 1.6× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for H.B. Fuller?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For H.B. Fuller specifically, the relevant sector benchmark is the current sector median of 2.9×.

Question 5

Is H.B. Fuller's P/B ratio high or low?

Accepted Answer

H.B. Fuller's P/B ratio of 1.6× is below its own 5-year average of 2.2× and below the sector median of 2.9×. That places the current reading at the 3th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is H.B. Fuller's historical P/B ratio range?

Accepted Answer

In the available daily series, H.B. Fuller (FUL) P/B ratio has ranged from a low of 1.0× in 2009 to a high of 2.8× in 2021. The 5-year average is 2.2× and the 5-year median is 2.3×.

Question 7

What was H.B. Fuller's P/B ratio in 2025?

Accepted Answer

H.B. Fuller (FUL) P/B ratio at the end of 2025 was 1.6×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does H.B. Fuller's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$3.18B	$2.00B	1.6×	-0.7×	Nov 29, 2025
2024	$4.22B	$1.83B	2.3×	-0.1×	Nov 30, 2024
2023	$4.19B	$1.76B	2.4×	-0.3×	Dec 2, 2023
2022	$4.32B	$1.61B	2.7×	+0.2×	Dec 3, 2022
2021	$3.93B	$1.60B	2.5×	+0.4×	Nov 27, 2021
2020	$2.81B	$1.38B	2.0×	-0.1×	Nov 28, 2020
2019	$2.55B	$1.22B	2.1×	-0.0×	Nov 30, 2019
2018	$2.45B	$1.15B	2.1×	-0.6×	Dec 1, 2018
2017	$2.80B	$1.04B	2.7×	+0.2×	Dec 2, 2017
2016	$2.33B	$937.88M	2.5×	+0.2×	Dec 3, 2016
2015	$1.99B	$872.92M	2.3×	-0.1×	Nov 28, 2015
2014	$2.16B	$890.05M	2.4×	-0.3×	Nov 29, 2014
2013	$2.56B	$930.07M	2.7×	+0.7×	Nov 30, 2013
2012	$1.63B	$778.27M	2.1×	+0.5×	Dec 1, 2012
2011	$1.09B	$705.20M	1.6×	-0.1×	Dec 3, 2011
2010	$1.03B	$631.93M	1.6×	-0.0×	Nov 27, 2010
2009	$976.47M	$591.35M	1.7×	+0.1×	Nov 28, 2009
2008	$855.07M	$535.61M	1.6×	-0.3×	Nov 29, 2008
2007	$1.49B	$798.99M	1.9×	-0.1×	Dec 1, 2007
2006	$1.53B	$777.79M	2.0×	+0.4×	Dec 2, 2006
2005	$922.40M	$584.44M	1.6×	+0.1×	Dec 3, 2005
2004	$808.12M	$553.06M	1.5×	-0.0×	Nov 27, 2004
2003	$767.05M	$509.34M	1.5×	-0.3×	Nov 29, 2003
2002	$815.35M	$448.33M	1.8×	—	Nov 30, 2002


Linde (LIN)	6.0×
RPM International (RPM)	4.6×
Freeport-McMoRan (FCX)	4.4×
Vulcan Materials (VMC)	4.3×
Air Products and Chemicals (APD)	4.1×
Agnico Eagle Mines (AEM)	3.9×
CF Industries Holdings (CF)	3.7×
Newmont (NEM)	3.4×
Martin Marietta Materials (MLM)	3.1×
CRH (CRH)	3.0×
PPG Industries (PPG)	3.0×
Steel Dynamics (STLD)	2.8×
LyondellBasell (LYB)	2.6×
Corteva (CTVA)	2.3×
Albemarle (ALB)	2.1×
Dow (DOW)	2.0×
Weyerhaeuser (WY)	1.9×
Nucor (NUE)	1.8×
Eastman Chemical (EMN)	1.4×
Avient (AVNT)	1.4×
Ashland (ASH)	1.4×
DuPont de Nemours (DD)	1.3×
International Flavors & Fragrances (IFF)	1.3×
Stepan (SCL)	1.0×
Mosaic (MOS)	0.7×

P/B Ratio for H.B. Fuller (FUL)

P/B Ratio daily chart for H.B. Fuller (FUL)

Historical P/B Ratio for H.B. Fuller (FUL) from 2002 to 2025

About P/B Ratio at H.B. Fuller (FUL)

H.B. Fuller P/B Ratio by Year

H.B. Fuller P/B Ratio 2025: 1.6×

H.B. Fuller P/B Ratio 2024: 2.3×

H.B. Fuller P/B Ratio 2023: 2.4×

H.B. Fuller P/B Ratio 2022: 2.7×

H.B. Fuller P/B Ratio 2021: 2.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

H.B. Fuller (FUL) Key Financials

P/B Ratio daily chart for H.B. Fuller (FUL)

Historical P/B Ratio for H.B. Fuller (FUL) from 2002 to 2025

About P/B Ratio at H.B. Fuller (FUL)

H.B. Fuller P/B Ratio by Year

H.B. Fuller P/B Ratio 2025: 1.6×

H.B. Fuller P/B Ratio 2024: 2.3×

H.B. Fuller P/B Ratio 2023: 2.4×

H.B. Fuller P/B Ratio 2022: 2.7×

H.B. Fuller P/B Ratio 2021: 2.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is H.B. Fuller's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for H.B. Fuller?

+Is H.B. Fuller's P/B ratio high or low?

+What is H.B. Fuller's historical P/B ratio range?

+What was H.B. Fuller's P/B ratio in 2025?

+Why does H.B. Fuller's P/B ratio change over time?

H.B. Fuller (FUL) Key Financials