US · USD
FSLR
First Solar Inc
- Day's range
- $171.86 – $176.50
- Day's volume
- $257.5M
- 52-week range
- $172.11 – $318.25
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Create a free accountFSLR in numbers
- Market cap
- $18.9B
- P/E
- 10.84
- P/B
- 1.83
- Dividend yield (12m)
- 0.00%
- Net debt/EBITDA
- -0.71
FSLR trades at 10.84 times its earnings of the last 12 months.
FSLR price history
FSLR risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | -35.45% | +11.65% | +70.04% |
| Volatility (annualized) | 64.79% | 58.99% | 57.78% |
| Largest drawdown | -43.08% | -53.70% | -53.70% |
| Positive months | 4/12 | 19/36 | 30/60 |
How much did investing in FSLR return?
$1,000.00 invested on 11/01/2021 would be worth $1,700.39 today.
- Value today in FSLR
- $1,700.39
- Return over the period
- +70.04%
- Return per year
- +11.38%
- In the S&P 500
- $1,702.20
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
FSLR fundamentals
Valuation
- P/E10.84
- P/B1.83
- EV/EBITDA7.23
- EV/EBIT9.53
- EV/Revenue3.21
- P/EBIT10.46
- P/S3.52
- P/OCF8.78
- P/FCF12.62
- Earnings yield10.49%
- PEG ratio—
- Earnings per share$16.25
- Book value per share$96.03
Debt
- Net debt-$1.7B
- Net debt/EBITDA-0.71
- Net debt/Equity-0.16
- Debt/Equity0.00
- Current ratio2.52
- Quick ratio2.00
- Cash ratio0.80
Efficiency
- Gross margin44.02%
- EBITDA margin44.36%
- Operating margin33.65%
- Net margin32.47%
- Asset turnover0.40
Profitability
- ROE16.92%
- ROA13.04%
- ROIC20.05%
- Payout0.00%
Growth
- Revenue CAGR (5 years)12.61%
- Earnings CAGR (5 years)25.41%
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is FSLR's fair price?
Two classic value formulas, with today's numbers. The current price is $176.16.
- Graham's fair price
- $187.36
- 6.36% above the price
√(22.50 × $16.25 × $96.03)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- —
- Does not apply to FSLR: it paid no distributions in the last five years.
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
FSLR's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 18.34 | 14.60 | 22.16 | -361.57 | 19.77 | 26.32 | -51.35 | 30.86 |
| P/B | 2.94 | 2.37 | 2.75 | 2.74 | 1.56 | 1.90 | 1.16 | 0.85 |
| EV/EBITDA | 12.00 | 9.69 | 14.52 | 60.51 | 9.52 | 17.33 | 114.91 | 20.66 |
| Earnings per share | $14.24 | $12.07 | $7.78 | -$0.41 | $4.41 | $3.76 | -$1.09 | $1.38 |
| Book value per share | $88.88 | $74.51 | $62.59 | $54.74 | $56.05 | $52.09 | $48.33 | $49.69 |
| ROE | 16.02% | 16.20% | 12.42% | -0.76% | 7.86% | 7.22% | -2.26% | 2.77% |
| ROIC | 22.00% | 19.04% | 15.35% | -0.00% | 10.12% | 6.94% | -3.66% | 0.91% |
| Gross margin | 40.62% | 44.17% | 39.19% | 2.67% | 24.97% | 25.10% | 17.93% | 17.48% |
| EBITDA margin | 40.73% | 43.22% | 35.11% | 9.26% | 28.96% | 20.30% | 1.43% | 7.61% |
| Net margin | 29.28% | 30.72% | 25.03% | -1.69% | 16.03% | 14.69% | -3.75% | 6.43% |
| Net debt/EBITDA | -1.19 | -0.69 | -1.27 | -5.35 | -1.43 | -1.72 | -20.17 | -5.41 |
FSLR's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | $5.2B | $4.2B | $3.3B | $2.6B | $2.9B | $2.7B |
| Cost of revenue | -$3.1B | -$2.3B | -$2B | -$2.5B | -$2.2B | -$2B |
| Gross profit | $2.1B | $1.9B | $1.3B | $69.9M | $730M | $680.7M |
| EBITDA | $2.1B | $1.8B | $1.2B | $242.5M | $846.7M | $550.4M |
| EBIT | $1.6B | $1.4B | $857.3M | -$27.2M | $586.8M | $317.5M |
| Financial result | — | — | — | — | — | — |
| Income before tax | $1.6B | $1.4B | $891.3M | $8.6M | $572.2M | $293.2M |
| Income tax | -$52.7M | -$114.3M | -$60.5M | -$52.8M | -$103.5M | $107.3M |
| Net income | $1.5B | $1.3B | $830.8M | -$44.2M | $468.7M | $398.4M |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does FSLR pay dividends?
FSLR has no distributions on record.
About First Solar
- Sector
- Manufacturing
Questions about FSLR
How much is FSLR today?
FSLR is at $176.16 (0.89% on the day), last traded on 10/05/2026.
What are the P/E and P/B of FSLR?
FSLR trades at a P/E of 10.84 and a P/B of 1.83.
How much did FSLR return in 12 months?
FSLR returned -35.45% in 12 months, with annualized volatility of 64.79% and a largest drawdown of -43.08%.