Basis: FMP quote price / unrounded FMP forward EPS in the trading currency, available after its recorded retrieval time. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 11.01 as of 2026-09-24T00:15:50.164Z.
Consensus retrieved: 2026-09-13T22:51:36.922Z. This records retrieval, including cache reads, rather than vendor publication. The calculation uses the separately dated price and estimate available at its as-of time.
Calculation as of: 2026-09-24T00:15:50.164Z.
Quote observation: 2026-09-23T20:00:01.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 5c1f10650eb4fc9b73bc15debf86bef54cea7cc204fc954dfe06a1b007bc3069
Forward PE Ratio (11.01) = Dated Quote Price ($191.97) / Consensus Forward EPS ($17.44)
FORWARD PE RATIO
11.01
SECTOR MEDIAN · ENERGY
12.78
median of 39 covered companies
CURRENT VS SECTOR MEDIAN
-13.85%
vs the sector median at left
First Solar, Inc.
Market Cap
$20.63B
Forward PE Ratio
11.01
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| First Solar, Inc. (FSLR) | $20.63B | 11.01 |
| Expand Energy Corporation (EXE)vs › | $20.15B | 10.11 |
| Texas Pacific Land Corporation (TPL)vs › | $23.16B | 38.15 |
| APA Corporation (APA)vs › | $15.45B | 7.32 |
| Pembina Pipeline Corporation (PBA)vs › | $26.65B | N/A |
| Halliburton Company (HAL)vs › | $27.58B | 14.09 |
| Nextpower Inc. (NXT)vs › | $12.41B | 17.48 |
| Tenaris S.A. (TS)vs › | $29.92B | 14.68 |
| Antero Midstream Corporation (AM)vs › | $10.15B | 19.60 |
| EQT Corporation (EQT)vs › | $31.95B | 12.55 |
Trailing P/E
11.8
reported TTM EPS
Forward P/E
11.0
consensus EPS · fiscal year ending 2026-12-31
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $17.44 implies +7.5% EPS growth vs the reported trailing $16.22.
At the dated quote price of $191.97, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $17.44 | $16.03 – $19.61 | 24 | 11.0x |
| 2027-12-31 | $23.43 | $17.46 – $29.64 | 24 | 8.2x |
| 2028-12-31 | $29.49 | $23.06 – $40.36 | 25 | 6.5x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
