As of Apr 26, 2024, the Canadian Solar stock's PE ratio is 3.62. This results from the current EPS of $4.19 and stock price of $15.15. The P/E ratio has a decrease of 42% from the past four quarters average of 6.3.
The PE ratio of Canadian Solar has averaged 13.29 over the last ten years. The current PE ratio of 3.62 is 73% below the historical average. Over the past ten years, CSIQ's PE ratio was at its highest in the Jun 2021 quarter at 54.02, when the stock price was $44.84 and the EPS was $0.83. The lowest value was in the Mar 2020 quarter, when it reached 3.17 with a price of $15.91 and an EPS of $5.02.
Maximum annual increase: 171.58% in 2020
Maximum annual decrease: -87.46% in 2014
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 6.26 | -24.4% |
| 2022 | 8.28 | -58.99% |
| 2021 | 20.19 | -3.07% |
| 2020 | 20.83 | 171.58% |
| 2019 | 7.67 | 114.85% |
| 2018 | 3.57 | -63.79% |
| 2017 | 9.86 | -8.53% |
| 2016 | 10.78 | 14.68% |
| 2015 | 9.4 | 70.91% |
| 2014 | 5.5 | -87.46% |
CSIQ's current P/E ratio is below the 3, 5 and 10-year averages.
CSIQ's PE ratio is lower than its peer stock FSLR.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CSIQ Canadian Solar Inc | 3.62 | $1B |
| FSLR First Solar Inc | 22.97 | $19.1B |
| SPWR Sunpower Corp | N/A | $348.97M |
CSIQ stock has a price to earnings ratio of 3.62 as of Apr 26, 2024.
Over the last 3 years, the average price to earnings ratio for CSIQ stock is 17.18.
Over the last 5 years, the average price to earnings ratio for CSIQ stock is 15.59.
In the last ten years, the Jun 2021 quarter recorded the highest quarterly PE ratio at 54.02.
CSIQ's price to earnings ratio is currently 73% below its 10-year historical average.
A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.
You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Apr 26, 2024), Canadian Solar's stock price is $15.15. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $4.19. Therefore, Canadian Solar's P/E ratio for today is 3.62. PE RATIO(3.62) = STOCK PRICE($15.15) / TTM EPS($4.19)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.