H.B. Fuller Company (FUL) P/E Ratio History
UndervaluedTrading at 23.6x vs 5Y avg 406.8x · 50th percentile · Below historical baseline · Data 1990–2025
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P/E Ratio Analysis
As of June 22, 2026, H.B. Fuller Company (FUL) trades at a price-to-earnings ratio of 23.6x, with a stock price of $64.86 and trailing twelve-month earnings per share of $2.75.
The current P/E is 94% below its 5-year average of 406.8x. Over the past five years, FUL's P/E has ranged from a low of 15.8x to a high of 7689.0x, placing the current valuation at the 50th percentile of its historical range.
Compared to the Basic Materials sector median P/E of 23.6x, FUL is roughly in line with its sector peers. The sector includes 123 companies with P/E ratios ranging from 1.0x to 184.0x.
The PEG ratio of 7.59 (P/E divided by 20% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, FUL trades roughly in line with the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our FUL DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
FUL Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
FUL P/E vs Peers
Coatings, adhesives and construction chemicals peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $14B | 20.2 | 1.12 | +17% | |
| $12B | 18.1 | 3.09 | +1% | |
| $5B | 34.9 | 2.73 | +21% | |
| $79B | 31.2 | 4.51 | -3% | |
| $26B | 17.1Lowest | 1.85 | +46%Best | |
| $7B | 20.0 | 0.73Best | -2% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
FUL Historical P/E Data (1990–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Nov 29 2025 | $58.28 | $2.76 | 21.1x | -73% |
| FY2024 Q4 | Nov 30 2024 | $76.89 | $0.01 | 7689.0x | +9584% |
| FY2024 Q3 | Aug 31 2024 | $85.66 | $3.24 | 26.4x | -67% |
| FY2024 Q2 | Jun 01 2024 | $79.63 | $2.93 | 27.2x | -66% |
| FY2024 Q1 | Mar 02 2024 | $79.53 | $2.75 | 28.9x | -64% |
| FY2023 Q4 | Dec 02 2023 | $76.89 | $2.59 | 29.7x | -63% |
| FY2023 Q3 | Sep 02 2023 | $73.01 | $2.66 | 27.4x | -65% |
| FY2023 Q2 | Jun 03 2023 | $67.10 | $2.83 | 23.7x | -70% |
| FY2023 Q1 | Mar 04 2023 | $72.21 | $2.96 | 24.4x | -69% |
| FY2022 Q4 | Dec 03 2022 | $80.33 | $3.23 | 24.9x | -69% |
| FY2022 Q3 | Aug 27 2022 | $67.28 | $3.54 | 19.0x | -76% |
| FY2022 Q2 | May 28 2022 | $71.13 | $3.28 | 21.7x | -73% |
| FY2022 Q1 | Feb 26 2022 | $69.88 | $3.32 | 21.0x | -73% |
| FY2021 Q4 | Nov 27 2021 | $73.90 | $3.22 | 23.0x | -71% |
| FY2021 Q3 | Aug 28 2021 | $68.32 | $2.81 | 24.3x | -69% |
| FY2021 Q2 | May 29 2021 | $69.12 | $3.02 | 22.9x | -71% |
| FY2021 Q1 | Feb 27 2021 | $56.07 | $2.73 | 20.5x | -74% |
| FY2020 Q4 | Nov 28 2020 | $53.73 | $2.36 | 22.8x | -71% |
| FY2020 Q3 | Aug 29 2020 | $49.25 | $2.20 | 22.4x | -72% |
| FY2020 Q2 | May 30 2020 | $37.62 | $2.38 | 15.8x | -80% |
| FY2020 Q1 | Feb 29 2020 | $39.23 | $2.47 | 15.9x | -80% |
| FY2019 Q4 | Nov 30 2019 | $49.88 | $2.52 | 19.8x | -75% |
| FY2019 Q3 | Aug 31 2019 | $42.61 | $2.70 | 15.8x | -80% |
| FY2019 Q2 | Jun 01 2019 | $39.43 | $2.45 | 16.1x | -80% |
| FY2019 Q1 | Mar 02 2019 | $51.05 | $2.61 | 19.6x | -75% |
| FY2018 Q4 | Dec 01 2018 | $48.24 | $3.29 | 14.7x | -82% |
| FY2018 Q3 | Sep 01 2018 | $56.99 | $2.35 | 24.3x | -69% |
| FY2018 Q2 | Jun 02 2018 | $51.84 | $2.12 | 24.5x | -69% |
| FY2018 Q1 | Mar 03 2018 | $49.51 | $1.76 | 28.1x | -65% |
| FY2017 Q4 | Dec 02 2017 | $55.65 | $1.13 | 49.2x | -38% |
| FY2017 Q3 | Sep 02 2017 | $50.68 | $2.04 | 24.8x | -69% |
| FY2017 Q2 | Jun 03 2017 | $52.24 | $2.19 | 23.9x | -70% |
| FY2017 Q1 | Mar 04 2017 | $49.36 | $2.34 | 21.1x | -73% |
| FY2016 Q4 | Dec 03 2016 | $46.44 | $2.42 | 19.2x | -76% |
| FY2016 Q3 | Aug 27 2016 | $47.03 | $2.15 | 21.9x | -72% |
| FY2016 Q2 | May 28 2016 | $45.35 | $2.03 | 22.3x | -72% |
| FY2016 Q1 | Feb 27 2016 | $38.45 | $1.86 | 20.7x | -74% |
| FY2015 Q4 | Nov 28 2015 | $39.77 | $1.68 | 23.7x | -70% |
| FY2015 Q3 | Aug 29 2015 | $36.45 | $1.40 | 26.0x | -67% |
| FY2015 Q2 | May 30 2015 | $42.11 | $0.96 | 43.9x | -45% |
| FY2015 Q1 | Feb 28 2015 | $44.70 | $0.88 | 50.8x | -36% |
| FY2014 Q4 | Nov 29 2014 | $43.19 | $0.97 | 44.5x | -44% |
| FY2014 Q3 | Aug 30 2014 | $47.04 | $1.20 | 39.2x | -51% |
| FY2014 Q2 | May 31 2014 | $47.83 | $1.67 | 28.6x | -64% |
| FY2014 Q1 | Mar 01 2014 | $48.48 | $1.78 | 27.2x | -66% |
| FY2013 Q4 | Nov 30 2013 | $51.23 | $1.91 | 26.8x | -66% |
| FY2013 Q3 | Aug 31 2013 | $37.29 | $1.96 | 19.0x | -76% |
| FY2013 Q2 | Jun 01 2013 | $41.57 | $3.05 | 13.6x | -83% |
| FY2013 Q1 | Mar 02 2013 | $40.90 | $2.58 | 15.9x | -80% |
| FY2012 Q4 | Dec 01 2012 | $32.85 | $2.47 | 13.3x | -83% |
| FY2012 Q3 | Sep 01 2012 | $30.41 | $2.51 | 12.1x | -85% |
| FY2012 Q2 | Jun 02 2012 | $29.98 | $1.34 | 22.4x | -72% |
| FY2012 Q1 | Mar 03 2012 | $29.35 | $1.80 | 16.3x | -79% |
| FY2011 Q4 | Dec 03 2011 | $22.37 | $1.79 | 12.5x | -84% |
| FY2011 Q3 | Aug 27 2011 | $20.55 | $1.70 | 12.1x | -85% |
| FY2011 Q2 | May 28 2011 | $21.72 | $1.61 | 13.5x | -83% |
| FY2011 Q1 | Feb 26 2011 | $21.26 | $1.33 | 16.0x | -80% |
| FY2010 Q4 | Nov 27 2010 | $21.07 | $1.42 | 14.8x | -81% |
| FY2010 Q3 | Aug 28 2010 | $19.61 | $1.48 | 13.3x | -83% |
| FY2010 Q2 | May 29 2010 | $21.33 | $1.82 | 11.7x | -85% |
| FY2010 Q1 | Feb 27 2010 | $20.99 | $1.96 | 10.7x | -87% |
| FY2009 Q4 | Nov 28 2009 | $20.19 | $1.71 | 11.8x | -85% |
| FY2009 Q3 | Aug 29 2009 | $20.11 | $0.33 | 60.9x | -23% |
| FY2009 Q2 | May 30 2009 | $17.02 | $0.05 | 340.4x | +329% |
| FY2009 Q1 | Feb 28 2009 | $11.40 | $0.10 | 114.0x | +44% |
| FY2008 Q4 | Nov 29 2008 | $17.74 | $0.29 | 61.2x | -23% |
| FY2008 Q3 | Aug 30 2008 | $26.07 | $1.60 | 16.3x | -79% |
| FY2008 Q2 | May 31 2008 | $24.87 | $1.62 | 15.4x | -81% |
| FY2008 Q1 | Mar 01 2008 | $22.75 | $1.65 | 13.8x | -83% |
| FY2007 Q4 | Dec 01 2007 | $25.29 | $1.67 | 15.1x | -81% |
| FY2007 Q3 | Sep 01 2007 | $26.91 | $1.57 | 17.1x | -78% |
| FY2007 Q2 | Jun 02 2007 | $27.26 | $1.51 | 18.1x | -77% |
| FY2007 Q1 | Mar 03 2007 | $25.01 | $1.39 | 18.0x | -77% |
| FY2006 Q4 | Dec 02 2006 | $25.91 | $1.31 | 19.8x | -75% |
| FY2006 Q3 | Sep 02 2006 | $19.35 | $1.38 | 14.0x | -82% |
| FY2006 Q2 | Jun 03 2006 | $24.49 | $1.24 | 19.8x | -75% |
| FY2006 Q1 | Mar 04 2006 | $20.81 | $1.20 | 17.3x | -78% |
| FY2005 Q4 | Dec 03 2005 | $15.94 | $1.05 | 15.2x | -81% |
| FY2005 Q3 | Aug 27 2005 | $16.05 | $0.84 | 19.1x | -76% |
| FY2005 Q2 | May 28 2005 | $15.90 | $0.74 | 21.5x | -73% |
| FY2005 Q1 | Feb 26 2005 | $13.20 | $0.67 | 19.7x | -75% |
| FY2004 Q4 | Nov 27 2004 | $14.18 | $0.64 | 22.2x | -72% |
| FY2004 Q3 | Aug 28 2004 | $13.43 | $0.68 | 19.8x | -75% |
| FY2004 Q2 | May 29 2004 | $13.39 | $0.74 | 18.1x | -77% |
| FY2004 Q1 | Feb 28 2004 | $13.65 | $0.70 | 19.5x | -75% |
| FY2003 Q4 | Nov 29 2003 | $13.34 | $0.68 | 19.8x | -75% |
| FY2003 Q3 | Aug 30 2003 | $13.25 | $0.63 | 21.2x | -73% |
| FY2003 Q2 | May 31 2003 | $11.91 | $0.56 | 21.1x | -73% |
| FY2003 Q1 | Mar 01 2003 | $11.03 | $0.54 | 20.6x | -74% |
| FY2002 Q4 | Nov 30 2002 | $14.49 | $0.49 | 29.6x | -63% |
| FY2002 Q3 | Aug 31 2002 | $13.48 | $0.54 | 25.0x | -69% |
| FY2002 Q2 | Jun 01 2002 | $14.43 | $0.64 | 22.5x | -72% |
| FY2002 Q1 | Mar 02 2002 | $13.65 | $0.71 | 19.2x | -76% |
| FY2001 Q4 | Dec 31 2001 | $14.39 | $0.80 | 18.0x | -77% |
| FY2001 Q3 | Sep 01 2001 | $13.42 | $0.82 | 16.4x | -79% |
| FY2001 Q2 | Jun 02 2001 | $11.61 | $0.69 | 16.9x | -79% |
| FY2001 Q1 | Mar 03 2001 | $10.48 | $0.80 | 13.1x | -83% |
| FY2000 Q4 | Dec 02 2000 | $8.69 | $0.87 | 10.0x | -87% |
| FY2000 Q3 | Aug 26 2000 | $9.80 | $0.86 | 11.4x | -86% |
| FY2000 Q2 | May 27 2000 | $9.88 | $0.95 | 10.4x | -87% |
| FY2000 Q1 | Feb 26 2000 | $15.38 | $0.81 | 19.0x | -76% |
| FY1999 Q4 | Nov 27 1999 | $14.06 | $0.78 | 18.0x | -77% |
| FY1999 Q3 | Aug 28 1999 | $15.33 | $0.70 | 21.9x | -72% |
| FY1999 Q2 | May 29 1999 | $15.88 | $0.30 | 52.9x | -33% |
| FY1999 Q1 | Feb 27 1999 | $10.59 | $0.32 | 33.1x | -58% |
| FY1998 Q4 | Nov 28 1998 | $10.84 | $0.29 | 37.4x | -53% |
| FY1998 Q3 | Aug 29 1998 | $12.00 | $0.36 | 33.3x | -58% |
| FY1998 Q2 | May 30 1998 | $15.66 | $0.73 | 21.5x | -73% |
| FY1998 Q1 | Feb 28 1998 | $14.22 | $0.73 | 19.5x | -75% |
| FY1997 Q4 | Nov 29 1997 | $12.25 | $0.72 | 17.0x | -79% |
| FY1997 Q3 | Aug 30 1997 | $13.80 | $0.71 | 19.4x | -76% |
| FY1997 Q2 | May 31 1997 | $13.81 | $0.91 | 15.2x | -81% |
| FY1997 Q1 | Mar 01 1997 | $12.19 | $0.86 | 14.2x | -82% |
| FY1996 Q4 | Nov 30 1996 | $11.81 | $0.81 | 14.6x | -82% |
| FY1996 Q3 | Aug 31 1996 | $8.84 | $0.70 | 12.7x | -84% |
| FY1996 Q2 | Jun 01 1996 | $8.44 | $0.47 | 18.1x | -77% |
| FY1996 Q1 | Mar 02 1996 | $8.81 | $0.50 | 17.7x | -78% |
| FY1995 Q4 | - | $8.00 | $0.51 | 15.6x | -80% |
| FY1995 Q3 | - | $8.56 | $0.55 | 15.5x | -80% |
| FY1995 Q2 | May 31 1995 | $9.38 | $0.55 | 17.0x | -79% |
| FY1995 Q1 | - | $8.31 | $0.54 | 15.3x | -81% |
| FY1994 Q4 | Nov 30 1994 | $8.00 | $0.55 | 14.5x | -82% |
| FY1994 Q3 | Aug 31 1994 | $9.50 | $0.21 | 44.7x | -44% |
| FY1994 Q2 | - | $9.25 | $0.21 | 43.5x | -45% |
| FY1994 Q1 | Feb 28 1994 | $9.06 | $0.20 | 44.7x | -44% |
| FY1993 Q4 | - | $8.31 | $0.18 | 45.5x | -43% |
| FY1993 Q3 | - | $9.63 | $0.53 | 18.1x | -77% |
| FY1993 Q2 | May 31 1993 | $9.88 | $0.55 | 17.9x | -77% |
| FY1993 Q1 | Feb 28 1993 | $9.25 | $0.57 | 16.2x | -80% |
| FY1992 Q4 | Nov 30 1992 | $9.63 | $0.63 | 15.3x | -81% |
| FY1992 Q3 | Aug 31 1992 | $12.25 | $0.63 | 19.4x | -76% |
| FY1992 Q2 | May 31 1992 | $11.21 | $0.60 | 18.7x | -76% |
| FY1992 Q1 | Feb 29 1992 | $11.08 | $0.55 | 20.1x | -75% |
| FY1991 Q4 | Nov 30 1991 | $8.33 | $0.51 | 16.4x | -79% |
| FY1991 Q3 | Aug 31 1991 | $7.08 | $0.48 | 14.8x | -81% |
| FY1991 Q2 | May 31 1991 | $8.13 | $0.45 | 18.2x | -77% |
| FY1991 Q1 | - | $5.92 | $0.43 | 13.8x | -83% |
| FY1990 Q4 | Nov 30 1990 | $4.77 | $0.39 | 12.3x | -84% |
| FY1990 Q3 | Aug 31 1990 | $3.79 | $0.35 | 10.9x | -86% |
| FY1990 Q2 | - | $3.67 | $0.30 | 12.4x | -84% |
Average P/E for displayed period: 79.4x
Intrinsic Valuation
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Historical Returns
36+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
FUL — Frequently Asked Questions
Quick answers to the most common questions about buying FUL stock.
What is FUL's P/E ratio?
H.B. Fuller Company (FUL) trailing twelve-month P/E ratio is 23.6x, based on TTM diluted EPS of $2.75. The 5-year average P/E is 406.8x and the historical range spans 15.8x to 7689.0x.
Is FUL stock overvalued or undervalued?
FUL trades at 23.6x P/E, below its 5-year average of 406.8x. At the 50th percentile of its historical range (15.8x–7689.0x), the stock is priced at a discount to its own history.
Is FUL stock expensive?
No, FUL is not expensive on a historical basis. The current P/E of 23.6x is below the 5-year average of 406.8x and sits at the 50th percentile of its valuation range.
What is FUL's historical P/E range?
Over the past 5 years, FUL's P/E ratio has ranged from 15.8x to 7689.0x, with a median of 23.7x and an average of 406.8x. The current P/E of 23.6x places the stock at the 50th percentile of this range. Full historical data spans 1990–2025.
How does FUL's P/E compare to the S&P 500?
FUL trades at 23.6x P/E versus the S&P 500 median of 24.4x. The 3% discount to the market suggests lower growth expectations or perceived higher risk.
How does FUL's valuation compare to Basic Materials peers?
H.B. Fuller Company P/E of 23.6x compares to the Basic Materials sector median of 23.6x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is FUL's PEG ratio?
FUL PEG ratio is 7.59, based on a P/E of 23.6x and EPS growth of 19.6%. A PEG above 2.0 indicates a premium valuation relative to earnings growth — typically considered expensive.
What is FUL's earnings yield?
FUL earnings yield is 4.24%, the inverse of its 23.6x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.