First Solar forward PE FSLR

Share price divided by analysts' consensus earnings for the next twelve months, since 2007.

Today, Oct 23, 2026: 8.1×
10-year median: 17.8×
Against its 10-year history: 0th; percentile: 0 is its lowest day, 100 its highest
10-year range: 8.1× to 167×
Peer median: 16.4×

First Solar's forward PE is 8.1× as of Oct 23, 2026.

That is below its ten-year median of 17.8×, lower than on 100% of days in the last ten years.

Over that time it ranged from 8.1× in Oct 2026 to 167× in Nov 2021.

The median for 10 energy stocks of a similar size is 16.4×.

Forward PE over time

median 17.8×

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	8.1×	8.1×	17.4×
2025	17.1×	8.7×	17.3×
2024	13.0×	11.7×	21.2×
2023	15.7×	12.2×	46.7×
2022	38.9×	34.4×	122×
2021	125×	22.1×	167×
2020	28.0×	11.1×	29.0×
2019	13.3×	12.3×	29.6×
2018	25.1×	23.4×	76.0×
2017	129×	14.4×	139×
2016	14.7×	13.4×	27.2×
2015	22.8×	11.4×	25.2×
2014	17.5×	16.6×	45.5×
2013	20.8×	7.2×	24.1×
2012	7.6×	2.8×	10.7×
2011	7.9×	7.5×	24.3×
2010	18.8×	16.0×	25.7×
2009	21.6×	17.1×	30.2×
2008	22.1×	15.2×	114×
2007	124×	60.3×	147×

Against its peers

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

Company	Forward PE
FSLRFirst Solar	8.1×
WESWestern Midstream Partners	n/m
APAAPA	n/m
OVVOvintiv	n/m
VNOMViper Energy	n/m
PRPermian Resources	n/m
EXEExpand Energy	12.3×
DINOHF Sinclair	5.6×
TPLTexas Pacific Land	33.9×
DTMDT Midstream	n/m
FTITechnipFMC	20.5×
Peer median	16.4×

Where First Solar ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

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.