FSLR First Solar PE ratio, current and historical analysis
As of Feb 21, 2025, the First Solar stock's price-to-earnings ratio is 13.33. This results from the current EPS of $11.66 and stock price of $155.44. The P/E ratio has decreased by 34% from the past four quarters average of 20.3.
FSLR PE ratio history
The PE ratio of First Solar has averaged 63.27 over the last ten years. The current PE ratio of 13.33 is 79% 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: -43.94% in 2009
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2023 | 22.14 | N/A | $172.28 | $7.78 |
| 2022 | N/A | N/A | $149.79 | -$0.41 |
| 2021 | 19.76 | -24.9% | $87.16 | $4.41 |
| 2020 | 26.31 | N/A | $98.92 | $3.76 |
| 2019 | N/A | N/A | $55.96 | -$1.09 |
| 2018 | 30.76 | N/A | $42.46 | $1.38 |
| 2017 | N/A | N/A | $67.52 | -$1.59 |
| 2016 | N/A | N/A | $32.09 | -$4.05 |
| 2015 | 11.22 | -0.36% | $65.99 | $5.88 |
| 2014 | 11.26 | -22.93% | $44.6 | $3.96 |
| 2013 | 14.61 | N/A | $54.64 | $3.74 |
| 2012 | N/A | N/A | $30.86 | -$1.11 |
| 2011 | N/A | N/A | $33.76 | -$0.46 |
| 2010 | 16.64 | -4.59% | $130.14 | $7.82 |
| 2009 | 17.44 | -43.94% | $133.8 | $7.67 |
First Solar PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Sep 2024 | 21.39 | 6.74% | $249.44 | $11.66 |
| Jun 2024 | 20.04 | 13.86% | $225.46 | $11.25 |
| Mar 2024 | 17.6 | -20.51% | $168.8 | $9.59 |
| Dec 2023 | 22.14 | -39.16% | $172.28 | $7.78 |
| Sep 2023 | 36.39 | -71.86% | $161.59 | $4.44 |
| Jun 2023 | 129.31 | -76.81% | $190.09 | $1.47 |
| Mar 2023 | 557.69 | N/A | $217.5 | $0.39 |
| Dec 2022 | N/A | N/A | $149.79 | -$0.41 |
| Sep 2022 | 150.31 | 290.52% | $132.27 | $0.88 |
| Jun 2022 | 38.49 | -6.69% | $68.13 | $1.77 |
| Mar 2022 | 41.25 | 108.76% | $83.74 | $2.03 |
| Dec 2021 | 19.76 | -11.39% | $87.16 | $4.41 |
| Sep 2021 | 22.3 | 30.79% | $95.46 | $4.28 |
| Jun 2021 | 17.05 | -4.7% | $90.51 | $5.31 |
| Mar 2021 | 17.89 | -32% | $87.3 | $4.88 |
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 stock GE, but it is greater than ASTI's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ASTI Ascent Solar Technologies Inc | 0 | $2.93M |
| FSLR First Solar Inc | 13.33 | $16.64B |
| GE General Electric Co | 33.08 | $214.48B |
| CSIQ Canadian Solar Inc | N/A | $755.01M |
Frequently asked questions
What is First Solar's PE ratio?
FSLR stock has a price to earnings ratio of 13.33 as of Feb 21, 2025.
What is the 3-year average PE ratio for First Solar (FSLR)?
The 3-year average PE ratio for FSLR stock is 103.46.
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 79% 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 (Feb 21, 2025), First Solar's stock price is $155.44. 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 13.33. PE RATIO(13.33) = STOCK PRICE($155.44) / TTM EPS($11.66)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.