FSLR (First Solar) EV-to-FCF: 14.92 (As of Jun. 25, 2026)


FSLR First Solar Inc FSLR
91 GF Score
Price $248.64
GF Value $266.01
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is First Solar EV-to-FCF?

First Solar FSLR +0.11% 91 EV-to-FCF is 14.92 as of Jun. 25, 2026. GuruFocus rates FSLR with a GF Score™ of 91/100 and a GF Value™ of $266.01 (Fairly Valued). The stock has 4 warning signs investors should review. Among 504 Semiconductors companies, First Solar ranks better than 80.56% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, First Solar's Enterprise Value is $24,878 Mil. First Solar's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $1,668 Mil. Therefore, First Solar's EV-to-FCF for today is 14.92.

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: -17.15   Max: 66.37
Current: 14.92

During the past 13 years, the highest EV-to-FCF of First Solar was 66.37. The lowest was -666.79. And the median was -17.15.

FSLR's EV-to-FCF is ranked better than
80.56% of 504 companies
in the Semiconductors industry
Industry Median: 51.705 vs FSLR: 14.92

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.

As of today (2026-06-25), First Solar's stock price is $248.64. First Solar's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $15.480. Therefore, First Solar's PE Ratio (TTM) for today is 16.06.


First Solar  (NAS:FSLR) EV-to-FCF Explanation

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:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=248.64/15.480
=16.06

First Solar's share price for today is $248.64.
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 $15.480.

* 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.

First Solar EV-to-FCF Chart

First Solar Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -25.90 -450.63 -21.58 -57.76 21.76

First Solar Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-FCF Get a 7-Day Free Trial 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 -13.62 -18.74 36.64 21.76 11.61

FSLR vs NXT, ENPH, SEDG: EV-to-FCF Comparison

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.


FSLR
91GF Score
First Solar Inc FSLR
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Solar EV-to-FCF Calculation

First Solar's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=24877.764/1667.783
=14.92

First Solar's current Enterprise Value is $24,878 Mil.
First Solar's Free Cash Flow 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 $1,668 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.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of 14.92 mean?
First Solar (FSLR) has a EV-to-FCF of 14.92 as of Jun. 25, 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 #98 out of 504 companies in the Semiconductors industry, placing it in the top 19.4%.
Is First Solar's EV-to-FCF too high?
First Solar's current EV-to-FCF is 14.92. The Semiconductors industry median EV-to-FCF is 51.71. First Solar's value of 14.92 is 71.1% below this industry median. Based on the distribution chart, First Solar ranks #98 out of 504 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 91/100 and is considered Fairly Valued, 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 #98 out of 504 companies for EV-to-FCF. This places First Solar in the top 19% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 51.71. First Solar's value of 14.92 is 71.1% 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 51.71, based on 504 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 14.92 is 71.1% 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 51.71 — 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 14.92. 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 Fairly Valued. The stock's GF Value™ is $266.01, compared to a current price of $248.64 — trading 6.5% below its estimated fair value. The current EV-to-FCF is 14.92 and 71.1% below the Semiconductors industry median of 51.71. First Solar's overall GF Score™ is 91/100 with 4 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 14.92 as of Jun. 25, 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 undervalued. The current stock price of $248.64 is trading 6.5% below its estimated GF Value™ of $266.01. GuruFocus considers First Solar to be Fairly Valued.

Key valuation signals for FSLR:

  • EV-to-FCF: 14.92
  • GF Value™: $266.01 vs. price of $248.64 (6.5% below fair value)
  • GF Score™: 91/100 with 4 warning signs
  • Industry Position: 71.1% below the Semiconductors median (#98 of 504)

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 Business Description

Address 4300 East Camelback Road, Suite 220, Phoenix, AZ, USA, 85018
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.
91GF Score

Get the complete analysis for FSLR

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$248.64
Price
$266.01
GF Value