First Solar, Inc.
First Solar, Inc. (FSLR) PE Ratio — Current & Historical Data
Trailing twelve months (TTM) P/E, forward P/E, PEG, and annual PE history — from market prices and filings.
fslr · pe ratio · data through Dec 31, 2025
Core PE Ratio Metrics
Trailing 12 months · TTMThe price-to-earnings (P/E) ratio for First Solar, Inc. (FSLR) measures how much investors pay for each dollar of the company's trailing earnings. FSLR's current PE ratio of 17.80x is calculated by dividing its stock price of $275.39 by its TTM earnings per share of $15.51. −11.9% discount vs 5Y avg 20.2x
Source: FMP · /ratios-ttm · /analyst-estimates · 2025-12-31
PE Ratio History
2006 – 2025 · Annual▸ FMP /ratios?period=annual&limit=20 · priceToEarningsRatio + netIncomePerShare (Annual)
Historical PE Range
Past 14 fiscal years · Front-end computedMinQ1 · 25%19.0x
MedianQ3 · 75%422.8x
Max
At 17.80x, FSLR's current P/E is within its average historical range over the past 14 fiscal years.
Percentile calculated from annual fiscal year data points, not by trading day. Years where PE ≤ 0 or > 9,999 are excluded.
PE Ratio vs Peers
Solar · 6 peers · Annual PE| Company | Market Cap | PE (Annual) | vs Avg | EPS (TTM) |
|---|---|---|---|---|
First Solar, Inc.You FSLR | $29.6B | 17.80x | +7.8% | $15.51 |
 Cheniere Energy Partners, L.P. CQP | $31.3B | 8.67x | -47.5% | $6.17 |
 Cenovus Energy Inc. CVE | $53.6B | 10.70x | -35.2% | $2.17 |
 EQT Corporation EQT | $33.1B | 16.42x | -0.6% | $3.27 |
 Expand Energy Corporation EXE | $21.6B | 14.40x | -12.8% | $7.67 |
 Halliburton Company HAL | $33.8B | 18.48x | +11.9% | $1.53 |
 Nextpower Inc. NXT | $18.9B | 30.45x | +84.3% | $3.96 |
Industry Average 6 peers with valid PE | — | 16.52x | baseline | — |
* N/A — Company is not profitable (TTM) · excluded from industry average · ▸ FMP /stock-peers + /ratios?limit=1 · priceToEarningsRatio
Annual PE Ratio History
| Fiscal Year End | PE Ratio | EPS (TTM) | YoY Change | PE vs Max |
|---|---|---|---|---|
2025-12-31Latest FY2025 | 18.33x | $14.25 | +25.6% | |
2024-12-31 FY2024 | 14.60x | $12.07 | -34.1% | |
2023-12-31 FY2023 | 22.15x | $7.78 | — | |
2022-12-31 FY2022 | — | $-0.41 | — | |
2021-12-31 FY2021 | 19.76x | $4.41 | -24.8% | |
2020-12-31 FY2020 | 26.29x | $3.76 | — | |
2019-12-31 FY2019 | — | $-1.09 | — | |
2018-12-31 FY2018 | 30.81x | $1.38 | — | |
2017-12-31 FY2017 | — | $-1.59 | — | |
2016-12-31 FY2016 | — | $-4.05 | — |
▸ FMP /ratios?period=annual&limit=20 · priceToEarningsRatio + netIncomePerShare · Zero extra API
About PE Ratio & Methodology
The price-to-earnings (P/E) ratio for First Solar, Inc. (FSLR) measures how much investors pay for each dollar of the company's trailing earnings. FSLR's current PE ratio of 17.80x is calculated by dividing its stock price of $275.39 by its TTM earnings per share of $15.51.
Frequently asked questions
FSLR pe ratio · 6 questionsFSLR's current PE ratio is 17.80x as of 2026-06-08, based on a stock price of $275.39 and TTM EPS of $15.51. Data sourced from Financial Modeling Prep via FSLR's SEC 10-K and 10-Q filings.
▸ Source: FMP · /ratios-ttm · /ratios annual · /analyst-estimates · /stock-peers · First Solar, Inc. SEC 10-K & 10-Q filings · US GAAP · Updated: 2026-06-08