First Solar (FSLR) fundamentals: P/E, valuation, undervalued?
First Solar · Information Technology · ref. ETF XLK · price $210.1
In short — First Solar trades at 12.9× earnings (P/E), 9.1× forward, with a net margin of 32.5 % and revenue growth of -4 %. Read: Cheap for the growth (P/E 9 for ~23% growth (PEG 0.4)).
Is First Solar stock cheap or undervalued? A good time to buy? Here are its fundamentals — P/E, PEG, margin and income statement — to judge its valuation.
📈 1-year price
$210.1+6.6% over range
Aug 28, 25low $184.7 · high $318.25Aug 27, 26
📏 Click 2 points (left → right) to measure the change · click again to clear.
SellBuy
Buy
75% recommend buying · 16 analysts
Valuation : Cheap for the growth — P/E 9 for ~23% growth (PEG 0.4)
Valuation
12.9
P/E (price/earnings)
9.1
Forward P/E
0.56
PEG
2.2
Price/book (P/B)
$22.6B
Market cap
16.23
EPS
Profitability & growth
32.5 %
Net margin
-4 %
Revenue growth
+23 %
Earnings growth
$194M
Total debt
First Solar income statement
| Fiscal year | Revenue | Net income | Margin |
|---|---|---|---|
| 2022 | $2.6B | $-44M | -1.7 % |
| 2023 | $3.3B | $831M | 25.0 % |
| 2024 | $4.2B | $1.3B | 30.7 % |
| 2025 | $5.2B | $1.5B | 29.3 % |
⚠️ Indicative financial data (Yahoo Finance), not investment advice. Amounts in $.
Frequently asked questions
What is First Solar's P/E and is the stock undervalued? What's a good P/E?
First Solar's P/E is 12.9 (forward 9.1). Below ~15 = fairly cheap, above ~30 = expensive. Our valuation verdict: "Cheap for the growth".
Is First Solar profitable?
First Solar has a net margin of 32.5 % (EPS 16.23). The company is profitable.
Is FSLR stock expensive?
Our read: "Cheap for the growth" — P/E 9 for ~23% growth (PEG 0.4). Cross-check with growth and sector.
💬 A question about First Solar? The JPI assistant answers using our backtest data.