Fuelcell Energy (FCEL) Price to Book (2010 - 2026)
Fuelcell Energy's (FCEL) Price to Book was 1.76 for fiscal Q3 2026 (quarter ended Jul 31, 2026), up 719.6% from 0.21 a year earlier and up 55.0% from the prior quarter.
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Analysis
Fuelcell Energy (FCEL) Price to Book (2010 - 2026) Analysis & Trends
For FY2025 (ended Oct 31, 2025), Price to Book at Fuelcell Energy was 0.34, up 36.1% from FY2024.
- By fiscal year, Price to Book came in at 0.25 in FY2024 (-98.8%), 21.04 in FY2023 (-61.7%), 54.90 in FY2022 (-59.9%) and 136.79 in FY2021 (+99.8%).
- The fiscal Q3 2026 figure ranks as the highest quarterly Price to Book since fiscal Q3 2024.
- Year over year, Price to Book has now increased in each of the last four quarters, with growth averaging 144.4% over the last eight quarters.
- The high point for year-over-year Price to Book in five years was fiscal Q3 2026 (growth of 719.6%); the low point was fiscal Q2 2025 (a decline of 99.2%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 1.13 (Q2 2026), 0.61 (Q1 2026) and 0.34 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 240.87 Bn | 200.79 Bn | 2.36 Bn |
| 2 | Bloom Energy | 64.05 Bn | 55.84 Bn | 355.57 Mn |
| 3 | First Solar | 18.92 Bn | 9.87 Bn | 605.00 Mn |
| 4 | BWX Technologies | 12.40 Bn | 10.70 Bn | 202.31 Mn |
| 5 | Nextpower | 11.98 Bn | 7.87 Bn | 335.85 Mn |
| 6 | Generac Holdings | 11.54 Bn | 10.36 Bn | 521.81 Mn |
| 7 | EnerSys | 6.19 Bn | 4.38 Bn | 313.36 Mn |
| 8 | Enphase Energy | 4.24 Bn | -623.11 Mn | 175.01 Mn |
| 9 | Mirion Technologies | 3.73 Bn | 1.57 Bn | 133.10 Mn |
| 10 | Fuelcell Energy | 879.37 Mn | -741.83 Mn | -24.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 1.76 |
| Apr 30, 2026 | 1.13 |
| Jan 31, 2026 | 0.61 |
| Oct 31, 2025 | 0.34 |
| Jul 31, 2025 | 0.21 |
| Apr 30, 2025 | 0.15 |
| Jan 31, 2025 | 0.25 |
| Oct 31, 2024 | 0.25 |
| Jul 31, 2024 | 12.37 |
| Apr 30, 2024 | 19.61 |
| Jan 31, 2024 | 23.85 |
| Oct 31, 2023 | 21.04 |
| Jul 31, 2023 | 41.27 |
| Apr 30, 2023 | 35.50 |
| Jan 31, 2023 | 65.96 |
| Oct 31, 2022 | 54.90 |
| Jul 31, 2022 | 60.97 |
| Apr 30, 2022 | 67.84 |
| Jan 31, 2022 | 78.16 |
| Oct 31, 2021 | 136.79 |
API Access
Fuelcell Energy Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=FCEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "FCEL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=FCEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();