FSLR First Solar PE ratio, current and historical analysis
As of Nov 21, 2024, the First Solar stock's price-to-earnings ratio is 15.6. This results from the current EPS of $11.66 and stock price of $181.95. The P/E ratio has decreased by 23% from the past four quarters average of 20.3.
FSLR PE ratio history
The PE ratio of First Solar has averaged 61.41 over the last ten years. The current PE ratio of 15.6 is 75% 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.
First Solar PE ratio by year
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 average PE ratio chart
FSLR's current P/E ratio is lower than the 3, 5 and 10-year averages.
FSLR PE vs peers
FSLR's PE ratio is lower than its peer stocks GE and CSIQ, but it is greater than ASTI's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ASTI Ascent Solar Technologies Inc | 0 | $3.29M |
| FSLR First Solar Inc | 15.6 | $19.48B |
| CSIQ Canadian Solar Inc | 21.73 | $750.48M |
| GE General Electric Co | 31.13 | $193.41B |
Frequently asked questions
What is First Solar's PE ratio?
FSLR stock has a price to earnings ratio of 15.6 as of Nov 21, 2024.
What is the 3-year average PE ratio for First Solar (FSLR)?
The 3-year average PE ratio for FSLR stock is 95.85.
What is the 5-year average PE ratio for First Solar (FSLR)?
The 5-year average PE ratio for FSLR stock is 72.77.
What is the highest PE ratio for FSLR?
In the last ten years, the Mar 2023 quarter recorded the highest quarterly PE ratio at 557.69.
How does the current PE ratio for FSLR compare to its historical average?
FSLR's price to earnings ratio is currently 75% below its 10-year historical average.
How is FSLR's PE ratio calculated (First Solar PE ratio formula)?
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 (Nov 21, 2024), First Solar's stock price is $181.95. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $11.66. Therefore, First Solar's P/E ratio for today is 15.6. PE RATIO(15.6) = STOCK PRICE($181.95) / TTM EPS($11.66)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.