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First Solar (NAS:FSLR) Forward PE Ratio

: 11.70 (As of Today)
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First Solar's Forward PE Ratio for today is 11.70.

First Solar's PE Ratio without NRI for today is 31.95.

First Solar's PE Ratio for today is 34.99.

First Solar Forward PE Ratio Historical Data

The historical data trend for First 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.

* Premium members only.

First Solar Annual Data
Trend 2015-12 2016-12 2017-12 2018-12 2019-12 2020-12 2021-12 2022-12 2023-11
Forward PE Ratio
16.08 80.65 48.54 13.11 15.85 23.92 39.22 39.37 11.79

First Solar Quarterly Data
2015-12 2016-03 2016-06 2016-09 2016-12 2017-03 2017-06 2017-09 2017-12 2018-03 2018-06 2018-09 2018-12 2019-03 2019-06 2019-09 2019-12 2020-03 2020-06 2020-09 2020-12 2021-03 2021-06 2021-09 2021-12 2022-03 2022-06 2022-09 2022-12 2023-03 2023-06 2023-09
Forward PE Ratio 16.08 17.36 14.47 15.27 80.65 97.09 147.06 54.64 48.54 39.37 37.88 15.75 13.11 21.69 23.15 18.62 15.85 12.74 19.96 20.00 23.92 16.61 19.31 30.12 39.22 175.44 263.16 81.30 39.37 30.21 25.71 14.81

Competitive Comparison

For the Solar subindustry, First 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.

First Solar Forward PE Ratio Distribution

For the Semiconductors industry and Technology sector, First Solar's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where First Solar's Forward PE Ratio falls into.

First Solar 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.

First Solar  (NAS:FSLR) 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 .

First Solar Forward PE Ratio Related Terms

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First Solar (NAS:FSLR) Business Description

350 West Washington Street, Suite 600, Tempe, AZ, USA, 85281
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.
Norman L. Wright director 26335 N. 104TH WAY, SCOTTSDALE AZ 85255
Anita M. George director 4/5 SHANTINIKETAN, NEW DELHI K7 110 021
Kathryn A Hollister director 331 OREGON STREET, CINCINNATI OH 45202
Michael Koralewski officer: Chief Mfg. Operations Officer 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
Kuntal Kumar Verma officer: Chief Mfg. Engineering Officer 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
Patrick James Buehler officer: Chief Quality and Rel. Officer 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
Markus Gloeckler officer: Co-Chief Technology Officer 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
Jason E. Dymbort officer: General Counsel, Interim 77 RIO ROBLES, SAN JOSE CA 95134
Caroline Stockdale officer: EVP, HR & Communications C/O WARNER MUSIC GROUP, 75 ROCKEFELLER PLAZA, NEW YORK NY 10019
Byron Michael Jeffers officer: CAO, Interim 350 WEST WASHINGTON ST., TEMPE AZ 85281
Molly Joseph director 9209 GRAND SUMMIT BLVD, DRIPPING SPRINGS TX 78620
Jtw Trust No. 1 Uad 9/19/02 other: Member of Group(1) P.O. BOX 1860, BENTONVILLE AR 72712
Jcl Holdings Llc 10 percent owner PO BOX 1860, BENTONVILLE AR 72712
Lukas T Walton 10 percent owner C/O CRAVATH, SWAINE & MOORE LLP, 825 EIGHTH AVENUE, NEW YORK NY 10019