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EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, First Solar's Enterprise Value is $25,340 Mil.
First Solar's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was $1,500 Mil. Therefore, First Solar's EV-to-FCF for today is 16.89.
The historical rank and industry rank for First Solar's EV-to-FCF or its related term are showing as below:
FSLR'
s EV-to-FCF Range Over the Past 10 Years
Min: -666.79 Med: -15.78 Max: 178.55
Current: 16.89
During the past 13 years, the highest EV-to-FCF of First Solar was 178.55. The lowest was -666.79. And the median was -15.78.
FSLR's EV-to-FCF is ranked better than 73.69% of 498
companies
in the Semiconductors industry
Industry Median: 42.65
vs FSLR: 16.89
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 $250.05.
First Solar's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $12.692.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
First Solar EV-to-FCF Related Terms
First Solar EV-to-FCF Historical Data
* Premium members only.
The historical data trend for First Solar's EV-to-FCF 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.
For the Solar subindustry, First Solar's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Semiconductors Industry
For the Semiconductors industry and Technology sector, First Solar's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where First Solar's EV-to-FCF falls into.
First Solar's current Enterprise Value is $25,340 Mil.
First Solar's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,500 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 (FSLR) has a EV-to-FCF of 16.89 as of Aug. 10, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on First Solar and its competitors. According to the industry distribution chart, First Solar ranks #131 out of 498 companies in the Semiconductors industry, placing it in the top 26.3%.
Is First Solar's EV-to-FCF too high?
First Solar's current EV-to-FCF is 16.89. The Semiconductors industry median EV-to-FCF is 42.65. First Solar's value of 16.89 is 60.4% below this industry median. Based on the distribution chart, First Solar ranks #131 out of 498 companies in the Semiconductors industry, which is above the industry midpoint. Overall, First Solar has a GF Score™ of 90/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Solar's EV-to-FCF compare to NXT and ENPH?
According to the Semiconductors industry distribution chart, First Solar ranks #131 out of 498 companies for EV-to-FCF. This puts First Solar in the upper half of its industry. The industry median EV-to-FCF is 42.65. First Solar's value of 16.89 is 60.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Semiconductors company?
The median EV-to-FCF among Semiconductors companies is 42.65, based on 498 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Solar's current EV-to-FCF of 16.89 is 60.4% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on First Solar and its competitors. For the Semiconductors industry, the median EV-to-FCF is 42.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Solar's current EV-to-FCF is 16.89. 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?
Based on GuruFocus' analysis, First Solar (FSLR) is currently considered Significantly Overvalued. The stock's GF Value™ is $172.43, compared to a current price of $250.05 — trading 45% above its estimated fair value. The current EV-to-FCF is 16.89 and 60.4% below the Semiconductors industry median of 42.65. First Solar's overall GF Score™ is 90/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For First Solar (FSLR), the current EV-to-FCF is 16.89 as of Aug. 10, 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 (FSLR) Overvalued in 2026?
Based on GuruFocus' analysis, First Solar stock appears to be overvalued.
The current stock price of $250.05 is trading 45% above its estimated GF Value™ of $172.43.
GuruFocus considers First Solar to be Significantly Overvalued.
Key valuation signals for FSLR:
EV-to-FCF: 16.89
GF Value™: $172.43 vs. price of $250.05 (45% above fair value)
Industry Position: 60.4% below the Semiconductors median (#131 of 498)
No single metric tells the full story. See the 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
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EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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