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FSLR First Solar PE ratio, current and historical analysis

As of Jun 20, 2024, the First Solar stock's price-to-earnings ratio is 27.12. This results from the current EPS of $9.59 and stock price of $260.07. The P/E ratio has decreased by 47% from the past four quarters average of 51.4.

FSLR PE ratio history

How has FSLR's PE ratio performed in the past

The PE ratio of First Solar has averaged 61.49 over the last ten years. The current PE ratio of 27.12 is 56% 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.

Average
61.49
Median
23.48
Minimum
6.6
Maximum
557.69

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

What is the average PE ratio of FSLR for the past years

FSLR's current P/E ratio is lower than the 3, 5 and 10-year averages.

3-year avg
95.66
5-year avg
91.41
10-year avg
61.49
15-year avg
45.61

FSLR PE vs peers

What is FSLR's PE ratio compared to its peers

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 5.13 $1.06B
FSLR First Solar Inc 27.12 $27.84B
GE General Electric Co 53.4 $180.61B
SPWR Sunpower Corp N/A $476.98M
ASTI Ascent Solar Technologies Inc N/A $3.32M

Frequently asked questions

What is First Solar's PE ratio?

FSLR stock has a price to earnings ratio of 27.12 as of Jun 20, 2024.

What is the 3-year average PE ratio for First Solar (FSLR)?

The 3-year average PE ratio for FSLR stock is 95.66.

What is the 5-year average PE ratio for First Solar (FSLR)?

The 5-year average PE ratio for FSLR stock is 91.41.

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 56% 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 (Jun 20, 2024), First Solar's stock price is $260.07. 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 27.12. PE RATIO(27.12) = STOCK PRICE($260.07) / TTM EPS($9.59)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.