First Solar (XSWX:FSLR) ROCE %: 12.96% (As of Mar. 2026)

What is First Solar ROCE %?

First Solar XSWX:FSLR -0.24% 91 ROCE % is 12.96% as of Mar. 2026. GuruFocus rates XSWX:FSLR with a GF Score™ of 91/100 and a GF Value™ of CHF221.79. The stock has 4 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. First Solar's annualized ROCE % for the quarter that ended in Mar. 2026 was 12.96%.

First Solar (XSWX:FSLR) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

First Solar ROCE % Related Terms

First Solar ROCE % Historical Data

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The historical data trend for First Solar's ROCE % 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.

First Solar ROCE % Chart

First Solar Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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9.20

0.30

10.75

15.35

14.57

First Solar Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															9.12	14.04	18.43	21.01	12.96

91GF Score

First Solar Inc XSWX:FSLR

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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First Solar ROCE % Calculation

First Solar's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	1294.998	/	( ( (10810.08 - 1852.247)	+	(10615.752 - 1796.294) )	/ 2 )
	=	1294.998	/	( (8957.833	+	8819.458)	/ 2 )
	=	1294.998	/	8888.6455
	=	14.57 %

First Solar's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	1139.848	/	( ( (10615.752 - 1796.294)	+	(10511.319 - 1738.608) )	/ 2 )
	=	1139.848	/	( ( 8819.458	+	8772.711 )	/ 2 )
	=	1139.848	/	8796.0845
	=	12.96 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 12.96% mean?

First Solar (XSWX:FSLR) has a ROCE % of 12.96% as of Mar. 2026.

Is First Solar's ROCE % too high?

First Solar's current ROCE % is 12.96%. The Semiconductors industry median ROCE % is 4.81. First Solar's value of 12.96% is 169.7% above this industry median. Overall, First Solar has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.

How does First Solar's ROCE % compare to NXT and ENPH?

First Solar's ROCE % of 12.96% can be compared against companies in the Semiconductors industry. The industry median ROCE % is 4.81. First Solar's value of 12.96% is 169.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Semiconductors company?

The median ROCE % among Semiconductors companies is 4.81, based on 1,018 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Solar's current ROCE % of 12.96% is 169.7% above 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Semiconductors industry, the median ROCE % is 4.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Solar's current ROCE % is 12.96%. 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 ROCE % of 12.96%. The stock's GF Value™ is CHF221.79, compared to a current price of CHF207.07 — trading 6.6% below its estimated fair value. The current ROCE % is 12.96% and 169.7% above the Semiconductors industry median of 4.81. First Solar's overall GF Score™ is 91/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For First Solar (XSWX:FSLR), the current ROCE % is 12.96% as of Mar. 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 undervalued. The current stock price of CHF207.07 is trading 6.6% below its estimated GF Value™ of CHF221.79.

Key valuation signals for XSWX:FSLR:

ROCE %: 12.96%
GF Value™: CHF221.79 vs. price of CHF207.07 (6.6% below fair value)
GF Score™: 91/100 with 4 warning signs
Industry Position: 169.7% above the Semiconductors median

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 Business Description

Industry Technology Semiconductors

Comparable Companies NXT ENPH SEDG RUN SHLS ARRY CSIQ JKS TOYO TYGO SHSE:600438 NSE:WAAREEENER SHSE:688223 SHSE:688472 SZSE:002056 SHSE:688599 NSE:PREMIERENE XKRX:009830 SZSE:002459 SHSE:600732

Other Exchanges FSLR:USA FSLR:Mexico 1FSLR:Italy 0R06:UK F3A:Germany FSLR34:Brazil FSLR:Austria FSLR:Argentina

Address 4300 East Camelback Road, Suite 220, Phoenix, AZ, USA, 85018

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.

91GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF207.07

Price

CHF221.79

GF Value

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