As of Mar 28, 2024, the First Solar stock's price-to-earnings ratio is 21.7. This results from the current EPS of $7.78 and stock price of $168.8. The P/E ratio has decreased by 88% from the past four quarters average of 186.4.
The PE ratio of First Solar has averaged 61.47 over the last ten years. The current PE ratio of 21.7 is 65% 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 higher than its peer stocks GE and CSIQ.
Stock name | PE ratio | Market cap |
---|---|---|
CSIQ Canadian Solar Inc | 4.72 | $1.3B |
GE General Electric Co | 20.8 | $191.04B |
FSLR First Solar Inc | 21.7 | $18.04B |
SPWR Sunpower Corp | N/A | $526.08M |
ASTI Ascent Solar Technologies Inc | N/A | $1.49M |
FSLR stock has a price to earnings ratio of 21.7 as of Mar 28, 2024.
The 3-year average PE ratio for FSLR stock is 95.69.
The 5-year average PE ratio for FSLR stock is 96.03.
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 65% 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 (Mar 28, 2024), First Solar's stock price is $168.8. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $7.78. Therefore, First Solar's P/E ratio for today is 21.7. PE RATIO(21.7) = STOCK PRICE($168.8) / TTM EPS($7.78)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.