As at May 17, 2024, the SHLS stock has a price-to-earnings ratio of 35.61. This is based on the current EPS of $0.18 and the stock price of $6.41 per share. A decrease of 13% has been recorded in the PE ratio compared to the average of 40.8 of the last four quarters.
The mean historical PE ratio of Shoals Technologies Group over the last four years is 111.93. The current 35.61 P/E ratio is 68% lower than the historical average. In the past four years, SHLS's PE ratio peaked in the Jun 2022 quarter at 274.67, with a price of $16.48 and an EPS of $0.06. The Sep 2023 quarter marked the lowest point at 16.15, with a price of $18.25 and an EPS of $1.13.
Maximum annual increase: 191.27% in 2023
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 64.75 | 191.27% |
| 2022 | 22.23 | N/A |
| 2021 | N/A | N/A |
| 2020 | N/A | N/A |
| 2019 | N/A | N/A |
| 2018 | N/A | N/A |
SHLS's current P/E ratio is lower than the 3-year average.
In comparison to its peer stock ROK, SHLS's PE ratio is higher.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ROK Rockwell Automation Inc | 26.24 | $30.75B |
| SHLS Shoals Technologies Group Inc | 35.61 | $1.09B |
| PLUG Plug Power Inc | N/A | $2.41B |
SHLS's price to earnings ratio is 35.61 as of May 17, 2024.
As an average over the last 3 years, SHLS stock has a PE ratio of 108.01.
In the last four years, the Jun 2022 quarter recorded the highest quarterly PE ratio at 274.67.
SHLS's current price to earnings ratio is 68% below its 4-year historical average.
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (May 17, 2024), Shoals Technologies Group's stock price is $6.41. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $0.18. Therefore, Shoals Technologies Group's PE ratio for today is 35.61. PE RATIO(35.61) = STOCK PRICE($6.41) / TTM EPS($0.18)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.