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First SolarXSWX:FSLR -5.34%90 EV-to-EBITDA is 9.18 as of Jul. 18, 2026, which is 27% below its 10-year median of 12.55. GuruFocus rates XSWX:FSLR with a GF Score™ of 90/100 and a GF Value™ of CHF209.12. The stock has 5 warning signs investors should review. Among 748 Semiconductors companies, First Solar ranks better than 82.89% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, First Solar's enterprise value is CHF16,945 Mil.
First Solar's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was CHF1,845 Mil. Therefore, First Solar's EV-to-EBITDA for today is 9.18.
The historical rank and industry rank for First Solar's EV-to-EBITDA or its related term are showing as below:
XSWX:FSLR'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -11.94 Med: 12.55 Max: 69.39
Current: 9.06
During the past 13 years, the highest EV-to-EBITDA of First Solar was 69.39. The lowest was -11.94. And the median was 12.55.
XSWX:FSLR's EV-to-EBITDA is ranked better than 82.89% of 748
companies
in the Semiconductors industry
Industry Median: 26.69
vs XSWX:FSLR: 9.06
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
First Solar (XSWX:FSLR) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
First Solar's PE Ratio (TTM) for today is calculated as:
First Solar's share price for today is CHF167.14.
First Solar's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF12.353.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for First Solar's EV-to-EBITDA 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.
XSWX:FSLR vs NXT, ENPH, RUN: EV-to-EBITDA Comparison
For the Solar subindustry, First Solar's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Semiconductors Industry
For the Semiconductors industry and Technology sector, First Solar's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where First Solar's EV-to-EBITDA falls into.
First Solar's current Enterprise Value is CHF16,945 Mil.
First Solar's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF1,845 Mil.
* 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 (XSWX:FSLR) has a EV-to-EBITDA of 9.18 as of Jul. 18, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on First Solar. This is 27% below median its historical median of 12.55. According to the industry distribution chart, First Solar ranks #128 out of 748 companies in the Semiconductors industry, placing it in the top 17.1%.
Is First Solar's EV-to-EBITDA too high?
First Solar's current EV-to-EBITDA of 9.18 is 27% below median its 10-year median of 12.55. The Semiconductors industry median EV-to-EBITDA is 26.69. First Solar's value of 9.18 is 65.6% below this industry median. Based on the distribution chart, First Solar ranks #128 out of 748 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, First Solar has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does First Solar's EV-to-EBITDA compare to NXT and ENPH?
According to the Semiconductors industry distribution chart, First Solar ranks #128 out of 748 companies for EV-to-EBITDA. This places First Solar in the top 17% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 26.69. First Solar's value of 9.18 is 65.6% below this benchmark. While the company's 10-year median is 12.55 vs. the industry median of 26.69, First Solar has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Semiconductors company?
The median EV-to-EBITDA among Semiconductors companies is 26.69, based on 748 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Solar's current EV-to-EBITDA of 9.18 is 65.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on First Solar. For the Semiconductors industry, the median EV-to-EBITDA is 26.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Solar's current EV-to-EBITDA is 9.18, which is 27% below median its own 10-year median of 12.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Solar stock overvalued right now?
First Solar (XSWX:FSLR) has a current EV-to-EBITDA of 9.18. The stock's GF Value™ is CHF209.12, compared to a current price of CHF167.14 — trading 20.1% below its estimated fair value. The current EV-to-EBITDA is 9.18, which is 27% below median its 10-year median of 12.55 and 65.6% below the Semiconductors industry median of 26.69. First Solar's overall GF Score™ is 90/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For First Solar (XSWX:FSLR), the current EV-to-EBITDA is 9.18 as of Jul. 18, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Solar (XSWX:FSLR) Overvalued in 2026?
Based on GuruFocus' analysis, First Solar stock appears to be undervalued.
The current stock price of CHF167.14 is trading 20.1% below its estimated GF Value™ of CHF209.12.
Key valuation signals for XSWX:FSLR:
EV-to-EBITDA: 9.18 (27% below median its 10-year median of 12.55)
GF Value™: CHF209.12 vs. price of CHF167.14 (20.1% below fair value)
Industry Position: 65.6% below the Semiconductors median (#128 of 748)
No single metric tells the full story. See the XSWX:FSLR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
90GF Score
Get the complete analysis for XSWX:FSLR
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