First Solar EV/EBIT FSLR

Enterprise value divided by operating profit over the last twelve months, one-off items taken out, since 2010.

Today, Oct 23, 2026: 9.3×
10-year median: 15.8×
Against its 10-year history: 17th; percentile: 0 is its lowest day, 100 its highest
10-year range: 1.0× to 220×
Peer median: 13.8×

First Solar's EV/EBIT is 9.3× as of Oct 23, 2026.

That is below its ten-year median of 15.8×, lower than on 83% of days in the last ten years.

Over that time it ranged from 1.0× in Apr 2017 to 220× in May 2023.

The median for 10 energy stocks of a similar size is 13.8×.

EV/EBIT over time

median 15.8×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	9.3×	9.3×	18.6×
2025	18.2×	8.8×	18.6×
2024	14.1×	14.1×	36.7×
2023	38.0×	28.9×	220×
2022	57.9×	10.3×	67.3×
2021	16.2×	10.8×	24.3×
2020	17.8×	9.2×	23.1×
2019	109×	81.9×	109×
2018	15.5×	4.9×	29.8×
2017	5.6×	1.0×	6.0×
2016	3.9×	2.5×	11.3×
2015	8.8×	6.5×	21.1×
2014	10.5×	5.6×	12.3×
2013	6.6×	2.2×	9.3×
2012	3.9×	2.0×	6.4×
2011	4.7×	4.4×	18.9×
2010	14.5×	12.2×	17.5×

Against its peers

Companies in Energy nearest First Solar's size, closest first, today.

Company	EV/EBIT
FSLRFirst Solar	9.3×
WESWestern Midstream Partners	15.8×
APAAPA	5.6×
OVVOvintiv	8.6×
VNOMViper Energy	94.5×
PRPermian Resources	11.8×
EXEExpand Energy	6.5×
DINOHF Sinclair	8.4×
TPLTexas Pacific Land	34.3×
DTMDT Midstream	24.5×
FTITechnipFMC	16.1×
Peer median	13.8×

Where First Solar ranks

#23of 119Energy stocks with the lowest EV/EBIT

What the EV/EBIT tells you

What the whole business costs against its operating profit. Enterprise value is the market value plus borrowings and minority interests, less cash. EBIT is operating profit before interest and tax, with one-offs taken out. Unlike PE it is not moved by how a company is financed.

Leases are left out of debt for every company. Banks earn on their balance sheet, so EV/EBIT does not describe them.

More on First Solar

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.