Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
FTC SolarFTCI -4.40%62 Forward PE Ratio is 181.53 as of Jul. 16, 2026. GuruFocus rates FTCI with a GF Score™ of 62/100 and a GF Value™ of $5.53 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 548 Semiconductors companies, FTC Solar ranks worse than 93.25% on this metric.
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
FTC Solar Forward PE Ratio Related Terms
FTC Solar Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for FTC Solar's Forward PE 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.
FTC Solar Forward PE Ratio Chart
FTC Solar Annual Data
Trend
2021-12
2022-12
2025-12
Forward PE Ratio
31.95
17.15
435.68
FTC Solar Quarterly Data
2021-09
2021-12
2022-03
2022-09
2022-12
2023-09
2025-12
Forward PE Ratio
21.41
31.95
625.00
7.83
17.15
19.72
435.68
FTCI vs SPWR, PN, SPRU: Forward PE Ratio Comparison
For the Solar subindustry, FTC Solar's Forward PE Ratio, along with its competitors' market caps and Forward PE 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.
FTC Solar Forward PE Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, FTC Solar's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where FTC Solar's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
FTC Solar (FTCI) has a Forward PE Ratio of 181.53 as of Jul. 16, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on FTC Solar and its competitors. According to the industry distribution chart, FTC Solar ranks #511 out of 548 companies in the Semiconductors industry, placing it in the top 93.2%.
Is FTC Solar's Forward PE Ratio too high?
FTC Solar's current Forward PE Ratio is 181.53. The Semiconductors industry median Forward PE Ratio is 33.79. FTC Solar's value of 181.53 is 437.3% above this industry median. Based on the distribution chart, FTC Solar ranks #511 out of 548 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, FTC Solar has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FTC Solar's Forward PE Ratio compare to SPWR and PN?
According to the Semiconductors industry distribution chart, FTC Solar ranks #511 out of 548 companies for Forward PE Ratio. This places FTC Solar in the lower half of its industry. The industry median Forward PE Ratio is 33.79. FTC Solar's value of 181.53 is 437.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Semiconductors company?
The median Forward PE Ratio among Semiconductors companies is 33.79, based on 548 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FTC Solar's current Forward PE Ratio of 181.53 is 437.3% above 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on FTC Solar and its competitors. For the Semiconductors industry, the median Forward PE Ratio is 33.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FTC Solar's current Forward PE Ratio is 181.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FTC Solar stock overvalued right now?
Based on GuruFocus' analysis, FTC Solar (FTCI) is currently considered Modestly Undervalued. The stock's GF Value™ is $5.53, compared to a current price of $4.35 — trading 21.3% below its estimated fair value. The current Forward PE Ratio is 181.53 and 437.3% above the Semiconductors industry median of 33.79. FTC Solar's overall GF Score™ is 62/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For FTC Solar (FTCI), the current Forward PE Ratio is 181.53 as of Jul. 16, 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 FTC Solar (FTCI) Overvalued in 2026?
Based on GuruFocus' analysis, FTC Solar stock appears to be undervalued.
The current stock price of $4.35 is trading 21.3% below its estimated GF Value™ of $5.53.
GuruFocus considers FTC Solar to be Modestly Undervalued.
Key valuation signals for FTCI:
Forward PE Ratio: 181.53
GF Value™: $5.53 vs. price of $4.35 (21.3% below fair value)
Industry Position: 437.3% above the Semiconductors median (#511 of 548)
No single metric tells the full story. See the FTCI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FTC Solar Inc is a provider of solar tracker systems, supported by proprietary software and value-added engineering services. The company's Solar tracker systems move solar panels throughout the day to maintain an optimal orientation relative to the sun, thereby increasing the amount of solar energy produced at a solar installation. It focuses on providing differentiated products, software, and services that maximize energy generation. The company has launched a new mounting solution to support the installation and use of U.S.-manufactured thin-film modules by project owners. The only segment the company is engaged in is the Manufacturing and Servicing of Solar tracker systems.
62GF Score
Get the complete analysis for FTCI
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FTCI has been successfully added to your 
