Fuel Tech (FTEK) Price to Book (2009 - 2026)
Fuel Tech's Price to Book was 1.36 in Q3 2026, down 40.1% from 2.27 a year earlier and down 26.3% from the prior quarter.
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Analysis
Fuel Tech (FTEK) Price to Book (2009 - 2026) Analysis & Trends
For FY2025, Price to Book at Fuel Tech came in at 1.21, up 58.0% from FY2024.
- In earlier years, Price to Book was 0.77 in FY2024 (+3.8%), 0.74 in FY2023 (-13.7%), 0.86 in FY2022 (-6.4%) and 0.92 in FY2021 (-79.1%).
- Quarterly Price to Book has moved between 0.74 (Q3 2024) and 2.27 (Q3 2025) over five years.
- Compared with a year earlier, Price to Book was higher in five of the last eight quarters, with growth averaging 50.2%.
- The best year-over-year quarter for Price to Book over five years was Q3 2025 (growth of 209.2%); the worst was Q4 2021 (a decline of 79.1%).
- Per Business Quant data, FTEK's Price to Book in the three quarters before Q3 2026 was 1.85 (Q2 2026), 0.99 (Q1 2026) and 1.21 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ecolab | 85.84 Bn | 78.85 Bn | 2.07 Bn |
| 2 | Veralto | 28.78 Bn | 21.41 Bn | 908.00 Mn |
| 3 | Xylem | 22.22 Bn | 18.19 Bn | 907.00 Mn |
| 4 | Badger Meter | 4.49 Bn | 3.89 Bn | 98.85 Mn |
| 5 | Ceco Environmental | 3.04 Bn | 2.84 Bn | 130.10 Mn |
| 6 | NWPX Infrastructure | 868.49 Mn | 826.57 Mn | 38.19 Mn |
| 7 | Energy Recovery | 373.27 Mn | 35.71 Mn | 4.20 Mn |
| 8 | Cadiz | 280.26 Mn | 245.37 Mn | -24,000.00 |
| 9 | AirJoule Technologies | 174.57 Mn | 54.19 Mn | - |
| 10 | Fuel Tech | 42.77 Mn | -41.13 Mn | 3.91 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.36 |
| Jun 30, 2026 | 1.85 |
| Mar 31, 2026 | 0.99 |
| Dec 31, 2025 | 1.21 |
| Sep 30, 2025 | 2.27 |
| Jun 30, 2025 | 1.93 |
| Mar 31, 2025 | 0.78 |
| Dec 31, 2024 | 0.77 |
| Sep 30, 2024 | 0.74 |
| Jun 30, 2024 | 0.75 |
| Mar 31, 2024 | 0.84 |
| Dec 31, 2023 | 0.74 |
| Sep 30, 2023 | 0.81 |
| Jun 30, 2023 | 0.93 |
| Mar 31, 2023 | 0.87 |
| Dec 31, 2022 | 0.86 |
| Sep 30, 2022 | 0.79 |
| Jun 30, 2022 | 0.84 |
| Mar 31, 2022 | 0.97 |
| Dec 31, 2021 | 0.92 |
API Access
Fuel Tech 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=FTEK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "FTEK", "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=FTEK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();