As of Jul 25, 2024, the First Solar stock's price-to-earnings ratio is 22.54. This results from the current EPS of $9.59 and stock price of $216.19. The P/E ratio has decreased by 56% from the past four quarters average of 51.4.
The PE ratio of First Solar has averaged 63.07 over the last ten years. The current PE ratio of 22.54 is 64% below the historical average. In the past ten years, FSLR's PE ratio was at its highest in the Mar 2023 quarter at 557.69, when the stock price was $217.5 and the EPS was $0.39. The lowest value was in the Jun 2016 quarter, when it reached 6.6 with a price of $48.48 and an EPS of $7.35.
Maximum annual decrease: -24.9% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 22.14 | N/A |
| 2022 | N/A | N/A |
| 2021 | 19.76 | -24.9% |
| 2020 | 26.31 | N/A |
| 2019 | N/A | N/A |
| 2018 | 30.76 | N/A |
| 2017 | N/A | N/A |
| 2016 | N/A | N/A |
| 2015 | 11.22 | -0.36% |
| 2014 | 11.26 | -22.93% |
FSLR's current P/E ratio is lower than the 3, 5 and 10-year averages.
FSLR's PE ratio is lower than its peer stock GE, but it is greater than CSIQ's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CSIQ Canadian Solar Inc | 5.49 | $1.13B |
| FSLR First Solar Inc | 23.64 | $24.26B |
| GE General Electric Co | 39.77 | $184.13B |
| SPWR Sunpower Corp | N/A | $146.86M |
| ASTI Ascent Solar Technologies Inc | N/A | $2.74M |
FSLR stock has a price to earnings ratio of 22.54 as of Jul 25, 2024.
The 3-year average PE ratio for FSLR stock is 103.52.
The 5-year average PE ratio for FSLR stock is 79.28.
In the last ten years, the Mar 2023 quarter recorded the highest quarterly PE ratio at 557.69.
FSLR's price to earnings ratio is currently 64% below its 10-year historical average.
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jul 25, 2024), First Solar's stock price is $216.19. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $9.59. Therefore, First Solar's P/E ratio for today is 22.54. PE RATIO(22.54) = STOCK PRICE($216.19) / TTM EPS($9.59)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.