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First Solar (NAS:FSLR) Cyclically Adjusted PS Ratio

: 4.14 (As of Today)
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As of today (2024-02-26), First Solar's current share price is $142.86. First Solar's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 was $34.49. First Solar's Cyclically Adjusted PS Ratio for today is 4.14.

The historical rank and industry rank for First Solar's Cyclically Adjusted PS Ratio or its related term are showing as below:

FSLR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.87   Med: 2.15   Max: 6.68
Current: 4.14

During the past years, First Solar's highest Cyclically Adjusted PS Ratio was 6.68. The lowest was 0.87. And the median was 2.15.

FSLR's Cyclically Adjusted PS Ratio is ranked worse than
70.91% of 636 companies
in the Semiconductors industry
Industry Median: 2.32 vs FSLR: 4.14

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

First Solar's adjusted revenue per share data for the three months ended in Sep. 2023 was $7.452. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $34.49 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Solar Cyclically Adjusted PS Ratio Historical Data

The historical data trend for First Solar's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First Solar Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PS Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.27 1.63 2.93 2.49 4.32

First Solar Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Cyclically Adjusted PS Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.74 4.32 6.27 5.42 4.68

Competitive Comparison

For the Solar subindustry, First Solar's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Solar Cyclically Adjusted PS Ratio Distribution

For the Semiconductors industry and Technology sector, First Solar's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where First Solar's Cyclically Adjusted PS Ratio falls into.



First Solar Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

First Solar's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=142.86/34.49
=4.14

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Solar's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, First Solar's adjusted Revenue per Share data for the three months ended in Sep. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=7.452/129.8595*129.8595
=7.452

Current CPI (Sep. 2023) = 129.8595.

First Solar Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201312 7.590 98.326 10.024
201403 9.332 99.695 12.156
201406 5.347 100.560 6.905
201409 8.779 100.428 11.352
201412 9.930 99.070 13.016
201503 4.675 99.621 6.094
201506 8.820 100.684 11.376
201509 12.427 100.392 16.075
201512 14.510 99.792 18.882
201603 8.512 100.470 11.002
201606 9.937 101.688 12.690
201609 6.571 101.861 8.377
201612 3.181 101.863 4.055
201703 8.541 102.862 10.783
201706 5.959 103.349 7.488
201709 10.288 104.136 12.829
201712 3.247 104.011 4.054
201803 5.336 105.290 6.581
201806 2.952 106.317 3.606
201809 6.370 106.507 7.767
201812 6.532 105.998 8.002
201903 5.064 107.251 6.132
201906 5.551 108.070 6.670
201909 5.148 108.329 6.171
201912 13.274 108.420 15.899
202003 5.002 108.902 5.965
202006 6.034 108.767 7.204
202009 8.689 109.815 10.275
202012 5.687 109.897 6.720
202103 7.516 111.754 8.734
202106 5.889 114.631 6.671
202109 5.458 115.734 6.124
202112 8.475 117.630 9.356
202203 3.449 121.301 3.692
202206 5.800 125.017 6.025
202209 5.900 125.227 6.118
202212 9.403 125.222 9.751
202303 5.117 127.348 5.218
202306 7.557 128.729 7.623
202309 7.452 129.860 7.452

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


First Solar  (NAS:FSLR) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


First Solar Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of First Solar's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


First Solar (NAS:FSLR) Business Description

Industry
Address
350 West Washington Street, Suite 600, Tempe, AZ, USA, 85281
First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.
Executives
Georges Antoun officer: Chief Operating Officer C/O FIRST SOLAR, INC., 350 WEST WASHINGTON ST., SUITE 600, TEMPE AZ 85281
Kuntal Kumar Verma officer: Chief Mfg. Engineering Officer 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
Alexander R. Bradley officer: Chief Financial Officer 77 RIO ROBLES, SAN JOSE CA 95134
Markus Gloeckler officer: Co-Chief Technology Officer 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
R Craig Kennedy director 1844 "R" STREET, NW, WASHINGTON DC 20009
Mark R Widmar officer: Chief Financial Officer C/O GRAFTECH INTERNATIONAL LTD, 12900 SNOW ROAD, PARMA OH 44130
Michael T Sweeney director GOLDNER HAWN, 3700 WELLS FARGO CENTER, 90 SOUTH 7TH ST, MINNEAPOLIS MN 55402
William J Post director 400 NORTH FIFTH STREET, ., PHOENIX AZ 85004
Paul H Stebbins director C/O WORLD FUEL SERVICES CORP, 9800 N.W. 41ST STREET, SUITE 400, MIAMI FL 33178
Byron Michael Jeffers officer: CAO, Interim 350 WEST WASHINGTON ST., TEMPE AZ 85281
Richard D Chapman director 350 WEST WASHINGTON STREET, SUITE 600, TEMPE AZ 85281
Jason E. Dymbort officer: General Counsel, Interim 77 RIO ROBLES, SAN JOSE CA 95134
Norman L. Wright director 26335 N. 104TH WAY, SCOTTSDALE AZ 85255
Patrick James Buehler officer: Chief Quality and Rel. Officer 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
Michael Koralewski officer: Chief Mfg. Operations Officer 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551