Stock fact sheet · data as of
H.B. Fuller Company (FUL): fair value, margin of safety and Wheel Score
Ticker symbol FUL · Basic Materials · Chemicals - Specialty · United States · Value
Is FUL undervalued?
At 52.57 (close of 5 Nov 2026), FUL trades within a few percent of the GLS average fair value of 57.21 (8.1% below fair value). 9 models produced a value and they split 5 above the price to 4 below. A stock priced at fair value earns about half of the Wheel Score's Value points; the rest of the score comes from health, moat, premium and stability.
There is a wide gap between GLS Growth (7.86) and Graham Growth (145.81). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, FUL is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 53, growth score 12, out of 100).
Nine valuation models for FUL
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 72.58 | +38% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 57.27 | +9% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 145.81 | +177% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 59.06 | +12% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 7.86 | -85% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 83.50 | +59% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 34.07 | -35% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 14.27 | -73% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 40.52 | -23% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -35.60 | -168% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 62.33 | +19% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
H.B. Fuller Company scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the "Piotroski 6 or more" Wheel Trade Filter with room to spare. A GLS Moat score of 4.6/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 3.8%, ROE 7.6%, ROA 2.9% - with debt at 1.01 times equity and a free-cash-flow yield of 3.5%.
The dividend yield is 1.85% at a payout ratio of 26%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Hygiene, Health, and Consumable Adhesiv… 44%, Engineering Adhesives 30%, Construction Adhesives 26% (quarter Q3 FY2026).
Institutional ownership scores 10/10, insider activity 8/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 3.8% |
|---|---|---|---|
| GLS Moat | 4.6 / 10 | ROE | 7.6% |
| Debt / equity | 1.01 | ROA | 2.9% |
| Free-cash-flow yield | 3.5% | Payout ratio | 26% |
| Institutions | 10 / 10 | Insiders · Congress | 8 · 5 / 10 |
Wheel Score 39: Weak
With a Wheel Score of 39 H.B. Fuller Company sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (506 open interest, 54 a day); and filter 5, can repay its debt - 7.7 years to repay its debt (over 3); Option trading (weak) is its weakest part.
Implied volatility is 35% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 506 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 779k shares a day on a market cap of $2.8B, with a beta of 0.97; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (506 open interest, 54 a day) |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Fails | 7.7 years to repay its debt (over 3) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 8% below fair value | |
| Premium | Strong | implied volatility 35% | |
| Moat | Fair | moat 4.6/10 | |
| Health | Good | Piotroski 7/9 | |
| Red Flags | Good | Red Flags score 85/100 | |
| Option trading | Weak | 54 contracts a day, 506 open interest | |
| Stability | Fair | beta 0.97, $2.8B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 13 Jan 2027, 69 days away - outside the window of a 30-45-day put sold today.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Chemicals - Specialty
The 12 companies below are the closest to H.B. Fuller Company by market cap within the Chemicals - Specialty industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
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| KWR Quaker Houghton | 157.30 | 121.69 | -29% | 31Weak | $2.7B |
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| HWKN Hawkins, Inc. | 155.97 | 95.74 | -63% | 32Weak | $3.2B |
| ASH Ashland Inc. | 76.44 | 22.83 | -235% | 36Weak | $3.5B |
| CLMT Calumet Inc. | 43.60 | 11.21 | -289% | 29Weak | $3.8B |
| CC The Chemours Company | 13.79 | 18.07 | +24% | 43Weak | $2.1B |
| CBT Cabot Corp. | 75.10 | 77.10 | +3% | 70Good | $3.9B |
| MTX Minerals Technologies Inc. | 65.83 | 52.01 | -27% | 28Weak | $2.0B |
| IOSP Innospec Inc. | 80.65 | 102.86 | +22% | 47Weak | $2.0B |
| SINC Sincerity Applied Materials Holdings Corp. | 1.00 | 0.3023 | -231% | 12No options | $2.0B |
| AVNT Avient Corporation | 47.86 | 34.80 | -38% | 38Weak | $4.4B |
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A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about FUL
Is FUL undervalued right now?
Not meaningfully: at 52.57 the stock trades within a few percent of the GLS average fair value of 57.21 (8.1% below fair value, data as of 5 Nov 2026).
What is the Wheel Score of FUL and what does it mean?
FUL scores 39 out of 100 (Weak) - it fails Wheel Trade Filters 1, 5. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for FUL?
57.21 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does H.B. Fuller Company report earnings next?
The next earnings report is due on 13 Jan 2027, 69 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does FUL have listed options, and how liquid are they?
Yes. The nightly snapshot found 32 listed contracts with 506 open interest across all expiries and implied volatility of 35% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.