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The historical rank and industry rank for First Solar's Net Cash per Share or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Cash Ratio of First Solar was 348.92. The lowest was 2.64. And the median was 21.77.
XSWX:FSLR's Price-to-Net-Cash is not ranked *
in the Semiconductors industry.
Industry Median: 12.44 * Ranked among companies with meaningful Price-to-Net-Cash only.
First Solar (XSWX:FSLR) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
First Solar Net Cash per Share Related Terms
First Solar Net Cash per Share Historical Data
* Premium members only.
The historical data trend for First Solar's Net Cash per Share 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.
XSWX:FSLR vs NXT, ENPH, SEDG: Net Cash per Share Comparison
For the Solar subindustry, First Solar's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs Semiconductors Industry
For the Semiconductors industry and Technology sector, First Solar's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where First Solar's Price-to-Net-Cash falls into.
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
First Solar's Net Cash per Share for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (XSWX:FSLR) has a Net Cash per Share of CHF-9.98 as of Jun. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on First Solar and its competitors. Over the past decade, First Solar's Net Cash per Share has ranged from 2.64 to 348.92. According to the industry distribution chart, First Solar ranks #999999 out of 359 companies in the Semiconductors industry.
Is First Solar's Net Cash per Share too high?
First Solar's current Net Cash per Share is CHF-9.98. Over the past 10 years, this metric has ranged from a low of 2.64 to a high of 348.92. Based on the distribution chart, First Solar ranks #999999 out of 359 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, First Solar has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does First Solar's Net Cash per Share compare to NXT and ENPH?
According to the Semiconductors industry distribution chart, First Solar ranks #999999 out of 359 companies for Net Cash per Share. This places First Solar in the lower half of its industry. The industry median Net Cash per Share is 12.44. Historically, First Solar's own Net Cash per Share has ranged from 2.64 to 348.92 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for a Semiconductors company?
The median Net Cash per Share among Semiconductors companies is 12.44, based on 359 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on First Solar and its competitors. For the Semiconductors industry, the median Net Cash per Share is 12.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Solar's current Net Cash per Share is CHF-9.98. 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?
First Solar (XSWX:FSLR) has a current Net Cash per Share of CHF-9.98. The stock's GF Value™ is CHF147.35, compared to a current price of CHF170.84 — trading 15.9% above its estimated fair value. The current Net Cash per Share is CHF-9.98. First Solar's overall GF Score™ is 90/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For First Solar (XSWX:FSLR), the current Net Cash per Share is CHF-9.98 as of Jun. 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 (XSWX:FSLR) Overvalued in 2026?
Based on GuruFocus' analysis, First Solar stock appears to be overvalued.
The current stock price of CHF170.84 is trading 15.9% above its estimated GF Value™ of CHF147.35.
Key valuation signals for XSWX:FSLR:
Net Cash per Share: CHF-9.98
GF Value™: CHF147.35 vs. price of CHF170.84 (15.9% above fair value)
No single metric tells the full story. See the XSWX:FSLR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
90GF Score
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