Fluence Energy (FLNC) Price to Book (2021 - 2026)
Fluence Energy's Price to Book was 8.51 in fiscal Q3 2026 (quarter ended Jun 30, 2026), up 262.2% from 2.35 a year earlier and up 53.8% from the prior quarter.
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Analysis
Fluence Energy (FLNC) Price to Book (2021 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Price to Book at Fluence Energy came in at 3.60, down 46.8% from FY2024.
- In earlier fiscal years, Price to Book was 6.77 in FY2024 (-30.8%), 9.77 in FY2023 (+81.6%) and 5.38 in FY2022.
- The fiscal Q3 2026 figure marks the highest quarterly Price to Book since fiscal Q1 2024.
- Compared with a year earlier, Price to Book has increased for three straight quarters, with growth averaging 30.4% over the last eight quarters.
- The best year-over-year quarter for Price to Book over five years was fiscal Q3 2026 (growth of 262.2%); the worst was fiscal Q2 2025 (a decline of 76.5%).
- Per Business Quant data, FLNC's Price to Book in the three fiscal quarters before Q3 2026 was 5.53 (Q2 2026), 7.45 (Q1 2026) and 3.60 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn |
| 10 | Fluence Energy | 1.42 Bn | -394.45 Mn | 33.24 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.51 |
| Mar 31, 2026 | 5.53 |
| Dec 31, 2025 | 7.45 |
| Sep 30, 2025 | 3.60 |
| Jun 30, 2025 | 2.35 |
| Mar 31, 2025 | 1.77 |
| Dec 31, 2024 | 5.44 |
| Sep 30, 2024 | 6.77 |
| Jun 30, 2024 | 7.47 |
| Mar 31, 2024 | 7.51 |
| Dec 31, 2023 | 10.17 |
| Sep 30, 2023 | 9.77 |
| Jun 30, 2023 | 11.50 |
| Mar 31, 2023 | 8.33 |
| Dec 31, 2022 | 6.68 |
| Sep 30, 2022 | 5.38 |
| Jun 30, 2022 | 3.27 |
| Mar 31, 2022 | 5.21 |
| Dec 31, 2021 | 13.18 |
API Access
Fluence 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=FLNC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "FLNC", "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=FLNC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();