First Solar (XSWX:FSLR) 3-Year RORE % : 12.54% (As of Mar. 2026)


XSWX:FSLR First Solar Inc XSWX:FSLR
91 GF Score
Price CHF189.38
GF Value CHF213.14
! 4 Warning Signs
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What is First Solar 3-Year RORE %?

First Solar XSWX:FSLR +0.56% 91 3-Year RORE % is 12.54 as of Mar. 2026. GuruFocus rates XSWX:FSLR with a GF Score™ of 91/100 and a GF Value™ of CHF213.14. The stock has 4 warning signs investors should review. Among 961 Semiconductors companies, First Solar ranks better than 53.49% on this metric.

Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments. First Solar's 3-Year RORE % for the quarter that ended in Mar. 2026 was 12.54%.

The industry rank for First Solar's 3-Year RORE % or its related term are showing as below:

XSWX:FSLR's 3-Year RORE % is ranked better than
53.49% of 961 companies
in the Semiconductors industry
Industry Median: 12.15 vs XSWX:FSLR: 12.54

First Solar  (XSWX:FSLR) 3-Year RORE % Explanation

Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.

There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 3-year period is chosen.

Be Aware

Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.


First Solar 3-Year RORE % Related Terms


First Solar 3-Year RORE % Historical Data

* Premium members only.

The historical data trend for First Solar's 3-Year RORE % 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 3-Year RORE % Chart

First Solar Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year RORE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 80.11 -53.94 26.82 64.32 16.14

First Solar Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year RORE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 52.12 41.15 27.74 16.14 12.54

XSWX:FSLR vs NXT, ENPH, RUN: 3-Year RORE % Comparison

For the Solar subindustry, First Solar's 3-Year RORE %, along with its competitors' market caps and 3-Year RORE % 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 3-Year RORE % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, First Solar's 3-Year RORE % distribution charts can be found below:

* The bar in red indicates where First Solar's 3-Year RORE % falls into.


XSWX:FSLR
91GF Score
First Solar Inc XSWX:FSLR
3-Year RORE % is just one metric. See GF Score™, valuation, warning signs, and more.
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First Solar 3-Year RORE % Calculation

First Solar's 3-Year RORE % for the quarter that ended in Mar. 2026 is calculated as:

3-Year RORE %=( Most Recent EPS (Diluted)- First Period EPS (Diluted) )/( Cumulative EPS (Diluted) for 3-year -Cumulative Dividends per Share for 3-year )
=( 12.353-8.447 )/( 31.147-0 )
=3.906/31.147
=12.54 %

* 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.

In the calculation of 3-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Mar. 2026 and 3-year before.

Frequently Asked Questions Learn more about 3-Year RORE % →
What does a 3-Year RORE % of 12.54 mean?
First Solar (XSWX:FSLR) has a 3-Year RORE % of 12.54 as of Mar. 2026. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on First Solar and its competitors. According to the industry distribution chart, First Solar ranks #447 out of 961 companies in the Semiconductors industry, placing it in the top 46.5%.
Is First Solar's 3-Year RORE % too high?
First Solar's current 3-Year RORE % is 12.54. The Semiconductors industry median 3-Year RORE % is 12.15. First Solar's value of 12.54 is 3.2% above this industry median. Based on the distribution chart, First Solar ranks #447 out of 961 companies in the Semiconductors industry, which is above the industry midpoint. 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 3-Year RORE % compare to NXT and ENPH?
According to the Semiconductors industry distribution chart, First Solar ranks #447 out of 961 companies for 3-Year RORE %. This puts First Solar in the upper half of its industry. The industry median 3-Year RORE % is 12.15. First Solar's value of 12.54 is 3.2% 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 3-Year RORE % for a Semiconductors company?
The median 3-Year RORE % among Semiconductors companies is 12.15, based on 961 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year RORE % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year RORE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Solar's current 3-Year RORE % of 12.54 is 3.2% 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 3-Year RORE % mean?
A high 3-Year RORE % can signal that a stock is expensive relative to its fundamentals. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on First Solar and its competitors. For the Semiconductors industry, the median 3-Year RORE % is 12.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Solar's current 3-Year RORE % is 12.54. 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 3-Year RORE % of 12.54. The stock's GF Value™ is CHF213.14, compared to a current price of CHF189.38 — trading 11.1% below its estimated fair value. The current 3-Year RORE % is 12.54 and 3.2% above the Semiconductors industry median of 12.15. 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 3-Year RORE % calculated?
3-Year RORE % is calculated from a company's financial statements. For First Solar (XSWX:FSLR), the current 3-Year RORE % is 12.54 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 CHF189.38 is trading 11.1% below its estimated GF Value™ of CHF213.14.

Key valuation signals for XSWX:FSLR:

  • 3-Year RORE %: 12.54
  • GF Value™: CHF213.14 vs. price of CHF189.38 (11.1% below fair value)
  • GF Score™: 91/100 with 4 warning signs
  • Industry Position: 3.2% above the Semiconductors median (#447 of 961)

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

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

Get the complete analysis for XSWX:FSLR

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

CHF189.38
Price
CHF213.14
GF Value