NXT Nextracker PE ratio, current and historical analysis
The P/E ratio for Nextracker stock stands at 8.27 as of Nov 21, 2024. This is based on the current EPS of $4.52 and the stock price of $37.4 per share. A decrease of 23% has been recorded in the PE ratio compared to the average of 10.8 of the past four quarters.
NXT PE ratio history
Over the last two years, the average PE ratio of Nextracker has been 268.46. The current 8.27 price-to-earnings ratio is 97% less than the historical average. In the past two years, NXT's PE ratio reached its highest point in the Mar 2023 quarter at 1,813, with a price of $36.26 and an EPS of $0.02. The Sep 2024 quarter saw the lowest point at 8.61, with a price of $38.9 and an EPS of $4.52.
Nextracker PE ratio by year
Maximum annual decrease: -99.22% in 2024
| Year | PE ratio | Change |
|---|---|---|
| 2024 | 14.17 | -99.22% |
| 2023 | 1,813 | N/A |
| 2022 | N/A | N/A |
| 2021 | N/A | N/A |
| 2020 | N/A | N/A |
NXT average PE ratio chart
NXT PE vs peers
When compared to its peer stocks FSLR and ENPH, NXT's PE ratio is lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NXT Nextracker Inc | 8.27 | $5.44B |
| FSLR First Solar Inc | 15.6 | $19.48B |
| CSIQ Canadian Solar Inc | 21.73 | $750.48M |
| SHLS Shoals Technologies Group Inc | 22 | $733.48M |
| ENPH Enphase Energy Inc | 138.2 | $8.59B |
| RUN Sunrun Inc | N/A | $2.29B |
| SEDG Solaredge Technologies Inc | N/A | $621.8M |
| MAXN Maxeon Solar Technologies Ltd | N/A | $4.57M |
Frequently asked questions
What is Nextracker's PE ratio?
NXT's price to earnings ratio is 8.27 as of Nov 21, 2024.
What is the highest PE ratio for NXT?
In the last two years, the Mar 2023 quarter recorded the highest quarterly PE ratio at 1,813.
How does the current PE ratio for NXT compare to its historical average?
NXT's current price to earnings ratio is 97% below its 2-year historical average.
Why is Nextracker's PE ratio so low?
NXT's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 8.27 is considered low.
How is NXT's PE ratio calculated (Nextracker PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Nov 21, 2024), Nextracker's stock price is $37.4. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $4.52. Therefore, Nextracker's price to earnings ratio for today is 8.27. PE RATIO(8.27) = STOCK PRICE($37.4) / TTM EPS($4.52)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.