First Solar (XSWX:FSLR) Forward PE Ratio : 13.32 (As of Apr. 26, 2024)

View and export this data going back to 2014. Start your Free Trial

What is First Solar Forward PE Ratio?

First Solar's Forward PE Ratio for today is 13.32.

First Solar's PE Ratio without NRI for today is 21.76.

First Solar's PE Ratio for today is 22.93.

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 Forward PE Ratio Chart

First Solar Annual Data

Trend

2015-12

2016-12

2017-12

2018-12

2019-12

2020-12

2021-03

Forward PE Ratio

16.26

90.91

47.17

17.01

19.08

19.05

15.15

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
Forward PE Ratio	16.26	15.50	12.36	15.82	90.91	86.96	142.86	71.94	47.17	39.84	44.25	16.18	17.01	20.49	24.33	18.83	19.08	18.87	25.84	18.90	19.05	15.15

Competitive Comparison of First Solar's Forward PE Ratio

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's Forward PE Ratio Distribution in the Semiconductors Industry

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 (XSWX: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

Thank you for viewing the detailed overview of First Solar's Forward PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

First Solar (XSWX:FSLR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » First Solar Inc (XSWX:FSLR) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

FSLR:USA FSLR:Mexico 1FSLR:Italy F3A:Germany FSLR34:Brazil FSLR:Argentina

Address

350 West Washington Street, Suite 600, Tempe, AZ, USA, 85281

Website

https://www.firstsolar.com

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.