FSLR First Solar PE ratio, current and historical analysis
- Stocks
- Technology
- NASDAQ: FSLR
- PE Ratio
As of May 13, 2025, the First Solar stock's price-to-earnings ratio is 16.22. This results from the current EPS of $11.81 and stock price of $191.6. The P/E ratio has decreased by 2.8% from the past four quarters average of 16.7.
FSLR PE ratio history
The PE ratio of First Solar has averaged 60.98 over the last ten years. The current PE ratio of 16.22 is 73% 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: -34.06% in 2024
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 14.6 | -34.06% | $176.24 | $12.07 |
| 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 |
First Solar PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2025 | 10.71 | -26.64% | $126.43 | $11.81 |
| Dec 2024 | 14.6 | -31.74% | $176.24 | $12.07 |
| 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 |
FSLR Price vs fair value
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.
| Stock name | PE ratio | Market cap |
|---|---|---|
| FSLR First Solar Inc | 16.22 | $20.55B |
| CSIQ Canadian Solar Inc | 18.8 | $679.59M |
| GE General Electric Co | 34.19 | $236.29B |
| ASTI Ascent Solar Technologies Inc | N/A | $3.09M |
Frequently asked questions
What is First Solar's PE ratio?
FSLR stock has a price to earnings ratio of 16.22 as of May 13, 2025.
What is the 3-year average PE ratio for First Solar (FSLR)?
The 3-year average PE ratio for FSLR stock is 92.61.
What is the 5-year average PE ratio for First Solar (FSLR)?
The 5-year average PE ratio for FSLR stock is 65.65.
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 73% 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 (May 13, 2025), First Solar's stock price is $191.6. The earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $11.81. Therefore, First Solar's P/E ratio for today is 16.22. PE RATIO(16.22) = STOCK PRICE($191.6) / TTM EPS($11.81)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.