First Solar (First Solar) Price-to-Tangible-Book

: 2.82 (As of Today)

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As of today (2024-04-19), First Solar's share price is $174.29. First Solar's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $61.71. Hence, First Solar's Price to Tangible Book Ratio of today is 2.82.

The historical rank and industry rank for First Solar's Price-to-Tangible-Book or its related term are showing as below:

FSLR' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.65 Med: 1.33 Max: 2.9
Current: 2.82

During the past 13 years, First Solar's highest Price to Tangible Book Ratio was 2.90. The lowest was 0.65. And the median was 1.33.

FSLR's Price-to-Tangible-Book is ranked worse than
55.56% of 945 companies
in the Semiconductors industry
Industry Median: 2.54 vs FSLR: 2.82

A closely related ratio is called PB Ratio. As of today, First Solar's share price is $174.29. First Solar's Book Value per Sharefor the quarter that ended in Dec. 2023 was $62.59. Hence, First Solar's P/B Ratio of today is 2.78.

First Solar Price-to-Tangible-Book Historical Data

The historical data trend for First Solar's Price-to-Tangible-Book 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

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

1.18

1.92

1.57

2.76

2.79

First Solar Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book																2.76	3.99	3.42	2.78	2.79

Competitive Comparison

For the Solar subindustry, First Solar's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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-Tangible-Book Distribution

For the Semiconductors industry and Technology sector, First Solar's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where First Solar's Price-to-Tangible-Book falls into.

First Solar Price-to-Tangible-Book Calculation

First Solar's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	174.29	/	61.708
	=	2.82

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

First Solar Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of First Solar's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

First Solar (First Solar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » First Solar Inc (NAS:FSLR) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

FSLR:Mexico 1FSLR:Italy F3A:Germany F3A:Germany 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.

Executives

Georges Antoun	officer: Chief Operating Officer	C/O FIRST SOLAR, INC., 350 WEST WASHINGTON ST., SUITE 600, TEMPE AZ 85281
Kuntal Kumar Verma	officer: Chief Mfg. Engineering Officer	28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
Alexander R. Bradley	officer: Chief Financial Officer	77 RIO ROBLES, SAN JOSE CA 95134
Markus Gloeckler	officer: Co-Chief Technology Officer	28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
R Craig Kennedy	director	1844 "R" STREET, NW, WASHINGTON DC 20009
Mark R Widmar	officer: Chief Financial Officer	C/O GRAFTECH INTERNATIONAL LTD, 12900 SNOW ROAD, PARMA OH 44130
Michael T Sweeney	director	GOLDNER HAWN, 3700 WELLS FARGO CENTER, 90 SOUTH 7TH ST, MINNEAPOLIS MN 55402
William J Post	director	400 NORTH FIFTH STREET, ., PHOENIX AZ 85004
Paul H Stebbins	director	C/O WORLD FUEL SERVICES CORP, 9800 N.W. 41ST STREET, SUITE 400, MIAMI FL 33178
Byron Michael Jeffers	officer: CAO, Interim	350 WEST WASHINGTON ST., TEMPE AZ 85281
Richard D Chapman	director	350 WEST WASHINGTON STREET, SUITE 600, TEMPE AZ 85281
Jason E. Dymbort	officer: General Counsel, Interim	77 RIO ROBLES, SAN JOSE CA 95134
Norman L. Wright	director	26335 N. 104TH WAY, SCOTTSDALE AZ 85255
Patrick James Buehler	officer: Chief Quality and Rel. Officer	28101 CEDAR PARK BLVD., PERRYSBURG OH 43551
Michael Koralewski	officer: Chief Mfg. Operations Officer	28101 CEDAR PARK BLVD., PERRYSBURG OH 43551