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Shoals Technologies Group (NAS:SHLS) Forward PE Ratio Explanation
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 .
Shoals Technologies Group Forward PE Ratio Related Terms
Shoals Technologies Group Forward PE Ratio Historical Data
* 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.
Shoals Technologies Group Forward PE Ratio Chart
Shoals Technologies Group Annual Data
Trend
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
54.05
39.53
17.09
13.40
18.49
Shoals Technologies Group Quarterly Data
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
2026-06
Forward PE Ratio
107.53
108.70
58.48
54.05
57.14
62.11
34.25
39.53
40.32
44.05
20.45
17.09
18.80
12.00
10.88
13.40
8.71
13.09
15.76
18.49
16.73
22.22
SHLS vs CSIQ, ARRY, RUN: Forward PE Ratio Comparison
For the Solar subindustry, Shoals Technologies Group'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.
Shoals Technologies Group Forward PE Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Shoals Technologies Group's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Shoals Technologies Group's Forward PE Ratio falls into.
Shoals Technologies Group Forward PE Ratio Calculation
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.
Shoals Technologies Group (SHLS) has a Forward PE Ratio of 16.08 as of Aug. 29, 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 Shoals Technologies Group and its competitors. According to the industry distribution chart, Shoals Technologies Group ranks #146 out of 555 companies in the Semiconductors industry, placing it in the top 26.3%.
Is Shoals Technologies Group's Forward PE Ratio too high?
Shoals Technologies Group's current Forward PE Ratio is 16.08. The Semiconductors industry median Forward PE Ratio is 29.83. Shoals Technologies Group's value of 16.08 is 46.1% below this industry median. Based on the distribution chart, Shoals Technologies Group ranks #146 out of 555 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Shoals Technologies Group has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shoals Technologies Group's Forward PE Ratio compare to CSIQ and ARRY?
According to the Semiconductors industry distribution chart, Shoals Technologies Group ranks #146 out of 555 companies for Forward PE Ratio. This puts Shoals Technologies Group in the upper half of its industry. The industry median Forward PE Ratio is 29.83. Shoals Technologies Group's value of 16.08 is 46.1% 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 Forward PE Ratio for a Semiconductors company?
The median Forward PE Ratio among Semiconductors companies is 29.83, based on 555 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. Shoals Technologies Group's current Forward PE Ratio of 16.08 is 46.1% 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 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 Shoals Technologies Group and its competitors. For the Semiconductors industry, the median Forward PE Ratio is 29.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shoals Technologies Group's current Forward PE Ratio is 16.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shoals Technologies Group stock overvalued right now?
Based on GuruFocus' analysis, Shoals Technologies Group (SHLS) is currently considered Modestly Undervalued. The stock's GF Value™ is $9.97, compared to a current price of $7.14 — trading 28.4% below its estimated fair value. The current Forward PE Ratio is 16.08 and 46.1% below the Semiconductors industry median of 29.83. Shoals Technologies Group's overall GF Score™ is 89/100 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 Shoals Technologies Group (SHLS), the current Forward PE Ratio is 16.08 as of Aug. 29, 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 Shoals Technologies Group (SHLS) Overvalued in 2026?
Based on GuruFocus' analysis, Shoals Technologies Group stock appears to be undervalued.
The current stock price of $7.14 is trading 28.4% below its estimated GF Value™ of $9.97.
GuruFocus considers Shoals Technologies Group to be Modestly Undervalued.
Key valuation signals for SHLS:
Forward PE Ratio: 16.08
GF Value™: $9.97 vs. price of $7.14 (28.4% below fair value)
Industry Position: 46.1% below the Semiconductors median (#146 of 555)
No single metric tells the full story. See the SHLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shoals Technologies Group is a provider of electrical balance of system solutions for solar energy projects, primarily in the United States. EBOS encompasses components that are necessary to carry electric current produced by solar panels to an inverter. The products are sold principally to engineering, procurement, and construction firms that build solar energy projects.
89GF Score
Get the complete analysis for SHLS
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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