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FSLRFirst Solar, Inc.

Is the EV/FCF ratio high or low?

The EV/FCF ratio of 14.88x is 47% below its 1-year average of 28.34x, near the low end of its 1-year range (11.87x–48.01x).

As of Friday, June 26, 2026. 47.49% below its 12-month average of 28.34x.

Free Cash Flow|FCF Yield|P/FCF Ratio|EV/EBITDA|All Metrics
FSLR EV/FCF Ratio

FSLR EV/FCF Ratio Chart

14.88x
-61.92% 1Y
FSLR EV/FCF Ratio

FSLR Average EV/FCF Ratio Chart

FSLR EV/FCF Ratio

FSLR Current vs Average EV/FCF Ratio Chart

FSLR EV/FCF Ratio Metrics

EV/FCF RATIO

14.88x

EV/FCF RATIO AVG TTM

28.34x

EV/FCF RATIO AVG 3Y

28.34x

EV/FCF RATIO AVG 5Y

28.34x

EV/FCF RATIO AVG 10Y

22.61x

EV/FCF RATIO AVG 15Y

16.77x

EV/FCF RATIO AVG 20Y

N/A

CURRENT VS TTM AVG

-47.49%

CURRENT VS 3Y AVG

-47.49%

CURRENT VS 5Y AVG

-47.49%

CURRENT VS 10Y AVG

-34.20%

CURRENT VS 15Y AVG

-11.29%

CURRENT VS 20Y AVG

N/A

FSLR Competitors' EV/FCF Ratio

NAMEMARKET CAPEV/FCF RATIOTTM3Y5Y
First Solar, Inc. (FSLR)$26.72B14.88x28.34x28.34x28.34x
Coterra Energy Inc. (CTRA)vs ›$24.72B14.01x17.04x15.53x15.77x
Halliburton Company (HAL)vs ›$28.76B20.57x17.27x17.07x25.10x
Tenaris S.A. (TS)vs ›$30.69B15.31x13.12x8.90x337.98x
Expand Energy Corporation (EXE)vs ›$21.19B8.44x24.38x454.07x276.09x
EQT Corporation (EQT)vs ›$32.31B9.28x17.43x30.25x41.20x
APA Corporation (APA)vs ›$11.81B10.82x8.76x14.59x12.59x
Antero Midstream Corporation (AM)vs ›$10.78B15.61x13.57x18.70x19.43x
Cameco Corporation (CCJ)vs ›$45.11B66.90x63.93x71.33x62.83x
Enphase Energy, Inc. (ENPH)vs ›$6.22B43.53x32.56x30.89x50.28x

Cash Flow Valuation Comparison

EV/FCF

14.9x

P/FCF

16.0x

FCF Yield

6.23%

Formula: EV/FCF = Enterprise Value / Free Cash Flow

EV/FCF vs P/FCF:

  • EV/FCF accounts for debt and cash through enterprise value
  • P/FCF only considers equity value
  • EV/FCF can be compared across companies with different debt levels
  • Both measure how the market values cash generation

EV/FCF Ratio Formula & Definition

EV/FCF = Enterprise Value / Free Cash Flow (TTM)

Enterprise value to free cash flow compares total company value to the cash the business generates after capital expenditures.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

EV/FCF Ratio FAQ

What is the EV/FCF ratio for First Solar, Inc. (FSLR)?
The EV/FCF ratio for FSLR stock is 14.88x.
Is First Solar, Inc.'s EV/FCF ratio high or low?
The EV/FCF ratio of 14.88x is 47% below its 1-year average of 28.34x, near the low end of its 1-year range (11.87x–48.01x).
What is the TTM average EV/FCF ratio for First Solar, Inc. (FSLR)?
The TTM average EV/FCF ratio for FSLR stock is 28.34x.
What is the 3Y average EV/FCF ratio for First Solar, Inc. (FSLR)?
The 3Y average EV/FCF ratio for FSLR stock is 28.34x.
What is the 5Y average EV/FCF ratio for First Solar, Inc. (FSLR)?
The 5Y average EV/FCF ratio for FSLR stock is 28.34x.
What is the 10Y average EV/FCF ratio for First Solar, Inc. (FSLR)?
The 10Y average EV/FCF ratio for FSLR stock is 22.61x.
What is the 15Y average EV/FCF ratio for First Solar, Inc. (FSLR)?
The 15Y average EV/FCF ratio for FSLR stock is 16.77x.

FSLR EV/FCF Ratio History

DATEEV/FCF RATIO
2026-06-2514.88x
2026-06-2414.87x
2026-06-2314.92x
2026-06-2215.82x
2026-06-1815.47x
2026-06-1715.28x
2026-06-1615.90x
2026-06-1516.49x
2026-06-1216.09x
2026-06-1116.34x
2026-06-1014.92x
2026-06-0915.76x
2026-06-0816.61x
2026-06-0516.84x
2026-06-0419.16x
2026-06-0319.38x
2026-06-0218.91x
2026-06-0118.39x
2026-05-2918.64x
2026-05-2818.42x
2026-05-2716.50x
2026-05-2616.26x
2026-05-2215.48x
2026-05-2114.90x
2026-05-2014.19x
2026-05-1913.15x
2026-05-1813.92x
2026-05-1513.90x
2026-05-1413.79x
2026-05-1313.98x
2026-05-1213.56x
2026-05-1113.89x
2026-05-0813.03x
2026-05-0712.68x
2026-05-0612.91x
2026-05-0513.00x
2026-05-0412.48x
2026-05-0112.50x
2026-04-3011.87x
2026-04-2915.34x
2026-04-2815.82x
2026-04-2715.97x
2026-04-2415.63x
2026-04-2315.85x
2026-04-2215.17x
2026-04-2114.98x
2026-04-2015.51x
2026-04-1715.33x
2026-04-1615.44x
2026-04-1515.76x
2026-04-1416.25x
2026-04-1316.23x
2026-04-1016.51x
2026-04-0915.94x
2026-04-0816.26x
2026-04-0715.50x
2026-04-0615.79x
2026-04-0215.77x
2026-04-0116.14x
2026-03-3115.95x
2026-03-3014.81x
2026-03-2715.31x
2026-03-2614.91x
2026-03-2515.61x
2026-03-2415.55x
2026-03-2315.28x
2026-03-2015.54x
2026-03-1916.16x
2026-03-1816.00x
2026-03-1716.23x
2026-03-1616.15x
2026-03-1315.84x
2026-03-1215.97x
2026-03-1116.22x
2026-03-1015.99x
2026-03-0915.78x
2026-03-0615.22x
2026-03-0515.45x
2026-03-0415.95x
2026-03-0315.97x
2026-03-0216.18x
2026-02-2715.94x
2026-02-2616.20x
2026-02-2517.11x
2026-02-2420.11x
2026-02-2340.58x
2026-02-2040.54x
2026-02-1939.04x
2026-02-1839.96x
2026-02-1737.77x
2026-02-1337.70x
2026-02-1236.79x
2026-02-1138.06x
2026-02-1037.80x
2026-02-0937.08x
2026-02-0636.49x
2026-02-0539.22x
2026-02-0439.87x
2026-02-0340.04x
2026-02-0238.55x
2026-01-3037.67x
2026-01-2937.41x
2026-01-2841.86x
2026-01-2739.34x
2026-01-2640.73x
2026-01-2340.58x
2026-01-2240.15x
2026-01-2140.86x
2026-01-2040.58x
2026-01-1640.86x
2026-01-1540.85x
2026-01-1439.59x
2026-01-1340.45x
2026-01-1239.83x
2026-01-0939.97x
2026-01-0841.30x
2026-01-0740.40x
2026-01-0645.24x
2026-01-0545.81x
2026-01-0246.22x
2025-12-3143.92x
2025-12-3044.46x
2025-12-2945.15x
2025-12-2645.40x
2025-12-2445.84x
2025-12-2345.35x
2025-12-2248.01x
2025-12-1944.93x
2025-12-1844.02x
2025-12-1742.66x
2025-12-1643.45x
2025-12-1542.99x
2025-12-1242.80x
2025-12-1145.95x
2025-12-1044.10x
2025-12-0942.56x
2025-12-0842.99x
2025-12-0543.29x
2025-12-0443.23x
2025-12-0343.02x
2025-12-0244.16x
2025-12-0144.33x
2025-11-2845.97x
2025-11-2645.84x
2025-11-2543.77x
2025-11-2443.68x
2025-11-2141.94x
2025-11-2041.23x
2025-11-1942.29x
2025-11-1842.34x
2025-11-1742.58x
2025-11-1442.50x
2025-11-1343.11x
2025-11-1245.02x
2025-11-1144.43x
2025-11-1045.92x
2025-11-0745.05x
2025-11-0645.80x
2025-11-0546.75x
2025-11-0444.18x
2025-11-0344.71x
2025-10-3144.92x
2025-10-3039.08x
2021-02-2458.34x
2021-02-2357.58x
2021-02-2257.31x
2021-02-1960.47x
2021-02-1860.78x
2021-02-1764.01x
2021-02-1666.10x
2021-02-1267.58x
2021-02-1166.74x
2021-02-1066.95x
2021-02-0968.38x
2021-02-0867.27x
2021-02-0565.15x
2021-02-0466.01x
2021-02-0366.26x
2021-02-0265.07x
2021-02-0165.81x
2021-01-2966.42x
2021-01-2870.74x
2021-01-2769.07x
2021-01-2670.44x
2021-01-2570.62x
2021-01-2271.88x
2021-01-2172.50x
2021-01-2068.30x
2021-01-1967.21x
2021-01-1564.55x
2021-01-1471.42x
2021-01-1370.07x
2021-01-1270.17x
2021-01-1169.76x
2021-01-0870.01x
2021-01-0771.03x
2021-01-0666.81x
2021-01-0561.34x
2021-01-0467.93x
2020-12-3166.25x
2020-12-3067.28x
2020-12-2964.84x
2020-12-2867.90x
2020-12-2468.78x
2020-12-2368.36x
2020-12-2270.78x
2020-12-2164.43x
2020-12-1862.38x
2020-12-1761.46x
2020-12-1661.06x
2020-12-1560.69x
2020-12-1457.30x
2020-12-1157.14x
2020-12-1057.26x
2020-12-0957.03x
2020-12-0859.70x
2020-12-0758.87x
2020-12-0459.24x
2020-12-0358.99x
2020-12-0260.13x
2020-12-0160.54x
2020-11-3062.26x
2020-11-2763.19x
2020-11-2561.55x
2020-11-2460.07x
2020-11-2357.54x
2020-11-2055.92x
2020-11-1955.46x
2020-11-1853.96x
2020-11-1753.59x
2020-11-1652.67x
2020-11-1352.48x
2020-11-1253.53x
2020-11-1155.56x
2020-11-1053.06x
2020-11-0956.95x
2020-11-0658.52x
2020-11-0557.52x
2020-11-0452.36x
2020-11-0357.77x
2020-11-0258.97x
2020-10-3057.63x
2020-10-2957.93x
2020-10-2862.18x
2020-10-2754.25x
2018-10-246.70x
2018-10-237.13x
2018-10-227.41x
2018-10-197.71x
2018-10-187.74x
2018-10-177.86x
2018-10-167.96x
2018-10-157.60x
2018-10-127.45x
2018-10-117.41x
2018-10-107.65x
2018-10-097.84x
2018-10-087.88x
2018-10-057.80x
2018-10-047.97x

Showing the most recent 260 of 1,849 data points. The chart above shows the full history.

Related Metrics

Free Cash FlowFCF YieldP/FCF RatioEV/EBITDAAll Metrics

About First Solar, Inc.

First Solar, Inc. is a global provider of photovoltaic (PV) solar energy solutions, operating in numerous international markets including the United States, Japan, France, Canada, India, and Australia. The company's primary activity involves the engineering, manufacturing, and sale of cadmium telluride solar modules, which are designed to convert solar radiation directly into electricity. Its clientele is broad, serving system developers and operators, utility companies, independent power producers, commercial and industrial businesses, and various other system owners. Founded in 1999, the firm is based in Tempe, Arizona, and underwent a name change in 2006 from its former designation, First Solar Holdings, Inc.

Phoenix, AZ
8,100 employees
www.firstsolar.com
Energy / Solar
Sector
Energy
Industry
Solar
CEO
Mark R. Widmar
View full financials