Basis: Current FMP quote-based enterprise value / four-quarter revenue. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/Sales ratio high or low?
The EV/Sales ratio of 2.78x is 56% below its estimated 5-year average of 6.26x, near the low end of its estimated 5-year range (1.47x–29.20x).
As of 2026-10-06T18:47:55.448Z. 18.36% below its estimated 12-month average of 3.41x.
Calculation as of: 2026-10-06T18:47:55.448Z.
Quote observation: 2026-10-06T18:45:09.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 2869b7a6f88195e088b61788d60f1837f70460a7530e507b13529c271d1f570b
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-10-05.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/SALES RATIO
2.78x
EV/SALES RATIO AVG TTM
3.41x
EV/SALES RATIO AVG 3Y
3.16x
EV/SALES RATIO AVG 5Y
6.26x
EV/SALES RATIO AVG 10Y
N/A
EV/SALES RATIO AVG 15Y
N/A
EV/SALES RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-18.36%
CURRENT VS 3Y AVG
-11.92%
CURRENT VS 5Y AVG
-55.56%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · ENERGY
1.74x
median of 99 covered companies
CURRENT VS SECTOR MEDIAN
+59.77%
vs the sector median at left
Shoals Technologies Group, Inc.
Market Cap
$1.41B
EV/Sales Ratio
2.78x
TTM Avg
3.41x
3Y Avg
3.16x
5Y Avg
6.26x
Market Cap
$1.41B
EV/Sales Ratio
6.99x
TTM Avg
7.37x
3Y Avg
7.47x
5Y Avg
7.58x
Market Cap
$1.46B
EV/Sales Ratio
7.52x
TTM Avg
7.26x
3Y Avg
6.10x
5Y Avg
5.33x
Market Cap
$1.04B
EV/Sales Ratio
2.47x
TTM Avg
2.19x
3Y Avg
2.30x
5Y Avg
4.53x
Market Cap
$877.47M
EV/Sales Ratio
1.16x
TTM Avg
1.08x
3Y Avg
1.02x
5Y Avg
0.93x
Market Cap
$840.59M
EV/Sales Ratio
1.27x
TTM Avg
1.39x
3Y Avg
1.39x
5Y Avg
1.39x
Market Cap
$785.55M
EV/Sales Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | EV/SALES RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Shoals Technologies Group, Inc. (SHLS) | $1.41B | 2.78x | 3.41x | 3.16x | 6.26x |
| Dorchester Minerals, L.P. (DMLP)vs › | $1.41B | 6.99x | 7.37x | 7.47x | 7.58x |
| Natural Resource Partners L.P. (NRP)vs › | $1.46B | 7.52x | 7.26x | 6.10x | 5.33x |
| HighPeak Energy, Inc. (HPK)vs › | $1.04B | 2.47x | 2.19x | 2.30x | 4.53x |
| Nextdecade Corp (NEXT)vs › | $1.82B | N/A | N/A | N/A | N/A |
| Sunrun Inc. (RUN)vs › | $1.85B | 4.70x | 6.54x | 6.68x | 6.78x |
| ProFrac Holding Corp. (ACDC)vs › | $877.47M | 1.16x | 1.08x | 1.02x | 0.93x |
| HMH Holding Inc. Class A Common Stock (HMH)vs › | $840.59M | 1.27x | 1.39x | 1.39x | 1.39x |
| New Fortress Energy Inc. Series A Mandatorily Convertible Preferred Stock (NFEGP)vs › | $785.55M | N/A | N/A | N/A | N/A |
| Canadian Solar Inc. (CSIQ)vs › | $782.56M | 1.33x | 1.26x | 0.85x | 0.84x |
Enterprise Value (EV) = Market Cap + Total Debt - Cash
Sales = Total Revenue (TTM)
EV/Sales is commonly used because:
Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.
EV/Sales = Enterprise Value / Revenue (TTM)
Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/SALES RATIO |
|---|---|
| 2026-10-05 | 2.73x |
| 2026-10-02 | 2.77x |
| 2026-10-01 | 2.72x |
| 2026-09-30 | 2.71x |
| 2026-09-29 | 2.62x |
| 2026-09-28 | 2.52x |
| 2026-09-25 | 2.53x |
| 2026-09-24 | 2.52x |
| 2026-09-23 | 2.60x |
| 2026-09-22 | 2.73x |
| 2026-09-21 | 2.64x |
| 2026-09-18 | 2.57x |
| 2026-09-17 | 2.58x |
| 2026-09-16 | 2.34x |
| 2026-09-15 | 2.41x |
| 2026-09-14 | 2.41x |
| 2026-09-11 | 2.48x |
| 2026-09-10 | 2.43x |
| 2026-09-09 | 2.41x |
| 2026-09-08 | 2.52x |
| 2026-09-04 | 2.43x |
| 2026-09-03 | 2.40x |
| 2026-09-02 | 2.31x |
| 2026-09-01 | 2.31x |
| 2026-08-31 | 2.37x |
| 2026-08-28 | 2.44x |
| 2026-08-27 | 2.52x |
| 2026-08-26 | 2.48x |
| 2026-08-25 | 2.36x |
| 2026-08-24 | 2.34x |
| 2026-08-21 | 2.42x |
| 2026-08-20 | 2.50x |
| 2026-08-19 | 2.67x |
| 2026-08-18 | 2.59x |
| 2026-08-17 | 2.75x |
| 2026-08-14 | 2.81x |
| 2026-08-13 | 2.72x |
| 2026-08-12 | 2.78x |
| 2026-08-11 | 2.89x |
| 2026-08-10 | 2.85x |
| 2026-08-07 | 2.95x |
| 2026-08-06 | 2.86x |
| 2026-08-05 | 2.88x |
| 2026-08-04 | 3.29x |
| 2026-08-03 | 3.34x |
| 2026-07-31 | 3.14x |
| 2026-07-30 | 3.19x |
| 2026-07-29 | 2.89x |
| 2026-07-28 | 3.08x |
| 2026-07-27 | 3.34x |
| 2026-07-24 | 3.34x |
| 2026-07-23 | 3.50x |
| 2026-07-22 | 3.67x |
| 2026-07-21 | 3.65x |
| 2026-07-20 | 3.42x |
| 2026-07-17 | 3.63x |
| 2026-07-16 | 3.70x |
| 2026-07-15 | 4.00x |
| 2026-07-14 | 3.77x |
| 2026-07-13 | 3.35x |
| 2026-07-10 | 3.54x |
| 2026-07-09 | 3.56x |
| 2026-07-08 | 3.47x |
| 2026-07-07 | 3.55x |
| 2026-07-06 | 3.72x |
| 2026-07-02 | 3.52x |
| 2026-07-01 | 3.57x |
| 2026-06-30 | 3.50x |
| 2026-06-29 | 3.31x |
| 2026-06-26 | 3.22x |
| 2026-06-25 | 3.49x |
| 2026-06-24 | 3.60x |
| 2026-06-23 | 3.62x |
| 2026-06-22 | 3.83x |
| 2026-06-18 | 3.67x |
| 2026-06-17 | 3.36x |
| 2026-06-16 | 3.52x |
| 2026-06-15 | 3.63x |
| 2026-06-12 | 3.67x |
| 2026-06-11 | 3.50x |
| 2026-06-10 | 3.30x |
| 2026-06-09 | 3.42x |
| 2026-06-08 | 3.81x |
| 2026-06-05 | 3.79x |
| 2026-06-04 | 4.40x |
| 2026-06-03 | 4.28x |
| 2026-06-02 | 4.30x |
| 2026-06-01 | 4.22x |
| 2026-05-29 | 4.30x |
| 2026-05-28 | 4.22x |
| 2026-05-27 | 4.20x |
| 2026-05-26 | 3.79x |
| 2026-05-22 | 3.51x |
| 2026-05-21 | 3.39x |
| 2026-05-20 | 3.44x |
| 2026-05-19 | 3.31x |
| 2026-05-18 | 3.43x |
| 2026-05-15 | 3.64x |
| 2026-05-14 | 3.31x |
| 2026-05-13 | 3.26x |
| 2026-05-12 | 3.11x |
| 2026-05-11 | 3.32x |
| 2026-05-08 | 3.17x |
| 2026-05-07 | 2.86x |
| 2026-05-06 | 3.01x |
| 2026-05-05 | 3.26x |
| 2026-05-04 | 3.31x |
| 2026-05-01 | 3.27x |
| 2026-04-30 | 3.19x |
| 2026-04-29 | 2.97x |
| 2026-04-28 | 3.08x |
| 2026-04-27 | 3.14x |
| 2026-04-24 | 3.18x |
| 2026-04-23 | 3.13x |
| 2026-04-22 | 3.03x |
| 2026-04-21 | 2.81x |
| 2026-04-20 | 2.88x |
| 2026-04-17 | 2.91x |
| 2026-04-16 | 2.82x |
| 2026-04-15 | 2.93x |
| 2026-04-14 | 2.93x |
| 2026-04-13 | 2.73x |
| 2026-04-10 | 2.85x |
| 2026-04-09 | 2.84x |
| 2026-04-08 | 2.83x |
| 2026-04-07 | 2.64x |
| 2026-04-06 | 2.70x |
| 2026-04-02 | 2.79x |
| 2026-04-01 | 2.82x |
| 2026-03-31 | 2.70x |
| 2026-03-30 | 2.58x |
| 2026-03-27 | 2.72x |
| 2026-03-26 | 2.66x |
| 2026-03-25 | 2.82x |
| 2026-03-24 | 2.80x |
| 2026-03-23 | 2.58x |
| 2026-03-20 | 2.53x |
| 2026-03-19 | 2.51x |
| 2026-03-18 | 2.48x |
| 2026-03-17 | 2.56x |
| 2026-03-16 | 2.57x |
| 2026-03-13 | 2.54x |
| 2026-03-12 | 2.54x |
| 2026-03-11 | 2.59x |
| 2026-03-10 | 2.59x |
| 2026-03-09 | 2.41x |
| 2026-03-06 | 2.39x |
| 2026-03-05 | 2.44x |
| 2026-03-04 | 2.55x |
| 2026-03-03 | 2.46x |
| 2026-03-02 | 2.48x |
| 2026-02-27 | 2.47x |
| 2026-02-26 | 2.62x |
| 2026-02-25 | 2.80x |
| 2026-02-24 | 3.02x |
| 2026-02-23 | 4.21x |
| 2026-02-20 | 4.49x |
| 2026-02-19 | 4.33x |
| 2026-02-18 | 4.54x |
| 2026-02-17 | 4.52x |
| 2026-02-13 | 4.34x |
| 2026-02-12 | 4.12x |
| 2026-02-11 | 4.17x |
| 2026-02-10 | 4.35x |
| 2026-02-09 | 4.41x |
| 2026-02-06 | 4.36x |
| 2026-02-05 | 4.12x |
| 2026-02-04 | 4.32x |
| 2026-02-03 | 4.26x |
| 2026-02-02 | 3.99x |
| 2026-01-30 | 4.03x |
| 2026-01-29 | 4.26x |
| 2026-01-28 | 4.31x |
| 2026-01-27 | 4.08x |
| 2026-01-26 | 3.97x |
| 2026-01-23 | 3.95x |
| 2026-01-22 | 4.12x |
| 2026-01-21 | 3.88x |
| 2026-01-20 | 3.94x |
| 2026-01-16 | 3.97x |
| 2026-01-15 | 4.01x |
| 2026-01-14 | 3.92x |
| 2026-01-13 | 4.12x |
| 2026-01-12 | 4.10x |
| 2026-01-09 | 3.73x |
| 2026-01-08 | 3.71x |
| 2026-01-07 | 3.80x |
| 2026-01-06 | 3.96x |
| 2026-01-05 | 3.82x |
| 2026-01-02 | 3.90x |
| 2025-12-31 | 3.67x |
| 2025-12-30 | 3.70x |
| 2025-12-29 | 3.85x |
| 2025-12-26 | 3.94x |
| 2025-12-24 | 3.94x |
| 2025-12-23 | 3.91x |
| 2025-12-22 | 3.99x |
| 2025-12-19 | 3.85x |
| 2025-12-18 | 3.72x |
| 2025-12-17 | 3.64x |
| 2025-12-16 | 3.68x |
| 2025-12-15 | 3.73x |
| 2025-12-12 | 3.80x |
| 2025-12-11 | 4.09x |
| 2025-12-10 | 3.71x |
| 2025-12-09 | 3.51x |
| 2025-12-08 | 3.48x |
| 2025-12-05 | 3.49x |
| 2025-12-04 | 3.45x |
| 2025-12-03 | 3.32x |
| 2025-12-02 | 3.40x |
| 2025-12-01 | 3.41x |
| 2025-11-28 | 3.63x |
| 2025-11-26 | 3.54x |
| 2025-11-25 | 3.52x |
| 2025-11-24 | 3.38x |
| 2025-11-21 | 3.40x |
| 2025-11-20 | 3.26x |
| 2025-11-19 | 3.51x |
| 2025-11-18 | 3.47x |
| 2025-11-17 | 3.45x |
| 2025-11-14 | 3.63x |
| 2025-11-13 | 3.51x |
| 2025-11-12 | 3.84x |
| 2025-11-11 | 3.84x |
| 2025-11-10 | 4.01x |
| 2025-11-07 | 3.89x |
| 2025-11-06 | 3.92x |
| 2025-11-05 | 3.99x |
| 2025-11-04 | 4.18x |
| 2025-11-03 | 4.65x |
| 2025-10-31 | 4.72x |
| 2025-10-30 | 4.56x |
| 2025-10-29 | 4.76x |
| 2025-10-28 | 4.72x |
| 2025-10-27 | 4.73x |
| 2025-10-24 | 4.82x |
| 2025-10-23 | 4.64x |
| 2025-10-22 | 4.48x |
| 2025-10-21 | 4.70x |
| 2025-10-20 | 4.73x |
| 2025-10-17 | 4.48x |
| 2025-10-16 | 4.56x |
| 2025-10-15 | 4.86x |
| 2025-10-14 | 4.56x |
| 2025-10-13 | 4.19x |
| 2025-10-10 | 3.98x |
| 2025-10-09 | 4.08x |
| 2025-10-08 | 4.02x |
| 2025-10-07 | 3.89x |
| 2025-10-06 | 3.98x |
| 2025-10-03 | 3.87x |
| 2025-10-02 | 4.05x |
| 2025-10-01 | 3.64x |
| 2025-09-30 | 3.42x |
| 2025-09-29 | 3.46x |
| 2025-09-26 | 3.52x |
| 2025-09-25 | 3.49x |
| 2025-09-24 | 3.54x |
| 2025-09-23 | 3.33x |
Showing the most recent 260 of 1,429 data points. The chart above shows the full history.
