P/E ratio for First Solar (FSLR)
P/E ratio as of April 2024 (TTM): 40.0
According to First Solar 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 39.973. At the end of 2022 the company had a P/E ratio of -357.
P/E ratio history for First Solar from 2006 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -357 | -1912.68% |
| 2021 | 19.7 | -25.21% |
| 2020 | 26.3 | -151.24% |
| 2019 | -51.3 | -266.86% |
| 2018 | 30.8 | -172% |
| 2017 | -42.7 | 383.41% |
| 2016 | -8.84 | -172.07% |
| 2015 | 12.3 | 8.91% |
| 2014 | 11.3 | -23.73% |
| 2013 | 14.8 | -154.55% |
| 2012 | -27.1 | -63.12% |
| 2011 | -73.4 | -541% |
| 2010 | 16.6 | -5.73% |
| 2009 | 17.7 | -44.59% |
| 2008 | 31.9 | -74.83% |
| 2007 | 127 | -25.07% |
| 2006 | 169 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 General Electric GE | 18.6 | -53.42% | 🇺🇸 USA |
 SunPower
SPWR | -3.13 | -107.83% | 🇺🇸 USA |
 Canadian Solar
CSIQ | 2.36 | -94.11% | 🇨🇦 Canada |
 Ascent Solar Technologies ASTI | -0.0006 | -100.00% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.