PB Ratio: 2.71
Is the P/B ratio high or low?
The P/B ratio of 2.71 is in line with its 5-year average of 2.54, around the middle of its 5-year range (1.11–4.68).
1.88% above its 12-month average of 2.66.
FSLR PB Ratio Chart
FSLR Average PB Ratio Chart
FSLR Current vs Average PB Ratio Chart
FSLR PB Ratio Metrics
PB RATIO
2.71
PB RATIO AVG TTM
2.66
PB RATIO AVG 3Y
2.73
PB RATIO AVG 5Y
2.54
PB RATIO AVG 10Y
1.83
PB RATIO AVG 15Y
1.56
PB RATIO AVG 20Y
1.88
CURRENT VS TTM AVG
+1.88%
CURRENT VS 3Y AVG
-0.80%
CURRENT VS 5Y AVG
+6.58%
CURRENT VS 10Y AVG
+48.23%
CURRENT VS 15Y AVG
+73.83%
CURRENT VS 20Y AVG
+44.40%
FSLR Competitors' PB Ratio
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| First Solar, Inc. (FSLR) | $26.72B | 2.71 | 2.66 | 2.73 | 2.54 |
| Coterra Energy Inc. (CTRA)vs › | $24.72B | 1.64 | 1.41 | 1.49 | 1.87 |
| Halliburton Company (HAL)vs › | $28.76B | 2.63 | 2.45 | 2.85 | 3.32 |
| Tenaris S.A. (TS)vs › | $30.69B | 1.72 | 1.44 | 1.26 | 1.26 |
| Expand Energy Corporation (EXE)vs › | $21.19B | 1.09 | 1.36 | 1.25 | 1.50 |
| EQT Corporation (EQT)vs › | $32.31B | 1.29 | 1.51 | 1.32 | 1.31 |
| APA Corporation (APA)vs › | $11.81B | 1.83 | 1.67 | 5.00 | 9.49 |
| Antero Midstream Corporation (AM)vs › | $10.78B | 5.47 | 4.64 | 3.72 | 3.11 |
| Cameco Corporation (CCJ)vs › | $45.11B | 12.36 | 9.16 | 6.00 | 4.66 |
| Enphase Energy, Inc. (ENPH)vs › | $6.22B | 5.62 | 5.30 | 11.63 | 29.27 |
P/B vs. its own history
At 2.71, P/B is richer than usual, sitting higher than 66% of its 19-year history.
19-year low
0.32
median
1.55
19-year high
26.72
Book Value Analysis
P/B Ratio
2.71
Market Price / Book Value per Share
PB Ratio Formula & Definition
PB Ratio = Market Cap / Total Shareholders' Equity
The price-to-book ratio compares market capitalization to book value (shareholders' equity). Lower values can indicate a cheaper valuation relative to net assets.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
PB Ratio FAQ
- What is the P/B ratio for First Solar, Inc. (FSLR)?
- The P/B ratio for FSLR stock is 2.71.
- Is First Solar, Inc.'s P/B ratio high or low?
- The P/B ratio of 2.71 is in line with its 5-year average of 2.54, around the middle of its 5-year range (1.11–4.68).
- What is the TTM average P/B ratio for First Solar, Inc. (FSLR)?
- The TTM average P/B ratio for FSLR stock is 2.66.
- What is the 3Y average P/B ratio for First Solar, Inc. (FSLR)?
- The 3Y average P/B ratio for FSLR stock is 2.73.
- What is the 5Y average P/B ratio for First Solar, Inc. (FSLR)?
- The 5Y average P/B ratio for FSLR stock is 2.54.
- What is the 10Y average P/B ratio for First Solar, Inc. (FSLR)?
- The 10Y average P/B ratio for FSLR stock is 1.83.
- What is the 15Y average P/B ratio for First Solar, Inc. (FSLR)?
- The 15Y average P/B ratio for FSLR stock is 1.56.
- What is the 20Y average P/B ratio for First Solar, Inc. (FSLR)?
- The 20Y average P/B ratio for FSLR stock is 1.88.
FSLR PB Ratio History
| DATE | PB RATIO |
|---|---|
| 2026-06-25 | 2.71 |
| 2026-06-24 | 2.71 |
| 2026-06-23 | 2.72 |
| 2026-06-22 | 2.87 |
| 2026-06-18 | 2.81 |
| 2026-06-17 | 2.78 |
| 2026-06-16 | 2.88 |
| 2026-06-15 | 2.98 |
| 2026-06-12 | 2.91 |
| 2026-06-11 | 2.95 |
| 2026-06-10 | 2.72 |
| 2026-06-09 | 2.86 |
| 2026-06-08 | 3.00 |
| 2026-06-05 | 3.04 |
| 2026-06-04 | 3.43 |
| 2026-06-03 | 3.47 |
| 2026-06-02 | 3.39 |
| 2026-06-01 | 3.30 |
| 2026-05-29 | 3.34 |
| 2026-05-28 | 3.31 |
| 2026-05-27 | 2.98 |
| 2026-05-26 | 2.94 |
| 2026-05-22 | 2.81 |
| 2026-05-21 | 2.71 |
| 2026-05-20 | 2.59 |
| 2026-05-19 | 2.42 |
| 2026-05-18 | 2.55 |
| 2026-05-15 | 2.54 |
| 2026-05-14 | 2.52 |
| 2026-05-13 | 2.56 |
| 2026-05-12 | 2.48 |
| 2026-05-11 | 2.54 |
| 2026-05-08 | 2.40 |
| 2026-05-07 | 2.34 |
| 2026-05-06 | 2.38 |
| 2026-05-05 | 2.39 |
| 2026-05-04 | 2.30 |
| 2026-05-01 | 2.31 |
| 2026-04-30 | 2.20 |
| 2026-04-29 | 2.15 |
| 2026-04-28 | 2.21 |
| 2026-04-27 | 2.23 |
| 2026-04-24 | 2.19 |
| 2026-04-23 | 2.21 |
| 2026-04-22 | 2.13 |
| 2026-04-21 | 2.11 |
| 2026-04-20 | 2.17 |
| 2026-04-17 | 2.15 |
| 2026-04-16 | 2.16 |
| 2026-04-15 | 2.20 |
| 2026-04-14 | 2.26 |
| 2026-04-13 | 2.26 |
| 2026-04-10 | 2.30 |
| 2026-04-09 | 2.23 |
| 2026-04-08 | 2.27 |
| 2026-04-07 | 2.17 |
| 2026-04-06 | 2.21 |
| 2026-04-02 | 2.20 |
| 2026-04-01 | 2.25 |
| 2026-03-31 | 2.23 |
| 2026-03-30 | 2.08 |
| 2026-03-27 | 2.15 |
| 2026-03-26 | 2.10 |
| 2026-03-25 | 2.18 |
| 2026-03-24 | 2.18 |
| 2026-03-23 | 2.14 |
| 2026-03-20 | 2.18 |
| 2026-03-19 | 2.25 |
| 2026-03-18 | 2.23 |
| 2026-03-17 | 2.26 |
| 2026-03-16 | 2.25 |
| 2026-03-13 | 2.21 |
| 2026-03-12 | 2.23 |
| 2026-03-11 | 2.26 |
| 2026-03-10 | 2.23 |
| 2026-03-09 | 2.21 |
| 2026-03-06 | 2.14 |
| 2026-03-05 | 2.16 |
| 2026-03-04 | 2.23 |
| 2026-03-03 | 2.23 |
| 2026-03-02 | 2.26 |
| 2026-02-27 | 2.23 |
| 2026-02-26 | 2.26 |
| 2026-02-25 | 2.37 |
| 2026-02-24 | 2.75 |
| 2026-02-23 | 2.89 |
| 2026-02-20 | 2.89 |
| 2026-02-19 | 2.78 |
| 2026-02-18 | 2.85 |
| 2026-02-17 | 2.70 |
| 2026-02-13 | 2.69 |
| 2026-02-12 | 2.63 |
| 2026-02-11 | 2.72 |
| 2026-02-10 | 2.70 |
| 2026-02-09 | 2.65 |
| 2026-02-06 | 2.61 |
| 2026-02-05 | 2.80 |
| 2026-02-04 | 2.84 |
| 2026-02-03 | 2.85 |
| 2026-02-02 | 2.75 |
| 2026-01-30 | 2.69 |
| 2026-01-29 | 2.67 |
| 2026-01-28 | 2.98 |
| 2026-01-27 | 2.80 |
| 2026-01-26 | 2.90 |
| 2026-01-23 | 2.89 |
| 2026-01-22 | 2.86 |
| 2026-01-21 | 2.91 |
| 2026-01-20 | 2.89 |
| 2026-01-16 | 2.91 |
| 2026-01-15 | 2.91 |
| 2026-01-14 | 2.82 |
| 2026-01-13 | 2.88 |
| 2026-01-12 | 2.84 |
| 2026-01-09 | 2.85 |
| 2026-01-08 | 2.94 |
| 2026-01-07 | 2.88 |
| 2026-01-06 | 3.21 |
| 2026-01-05 | 3.24 |
| 2026-01-02 | 3.27 |
| 2025-12-31 | 3.12 |
| 2025-12-30 | 3.15 |
| 2025-12-29 | 3.20 |
| 2025-12-26 | 3.22 |
| 2025-12-24 | 3.25 |
| 2025-12-23 | 3.21 |
| 2025-12-22 | 3.39 |
| 2025-12-19 | 3.18 |
| 2025-12-18 | 3.12 |
| 2025-12-17 | 3.03 |
| 2025-12-16 | 3.08 |
| 2025-12-15 | 3.05 |
| 2025-12-12 | 3.04 |
| 2025-12-11 | 3.25 |
| 2025-12-10 | 3.13 |
| 2025-12-09 | 3.02 |
| 2025-12-08 | 3.05 |
| 2025-12-05 | 3.07 |
| 2025-12-04 | 3.07 |
| 2025-12-03 | 3.05 |
| 2025-12-02 | 3.13 |
| 2025-12-01 | 3.14 |
| 2025-11-28 | 3.26 |
| 2025-11-26 | 3.25 |
| 2025-11-25 | 3.11 |
| 2025-11-24 | 3.10 |
| 2025-11-21 | 2.98 |
| 2025-11-20 | 2.93 |
| 2025-11-19 | 3.00 |
| 2025-11-18 | 3.01 |
| 2025-11-17 | 3.02 |
| 2025-11-14 | 3.02 |
| 2025-11-13 | 3.06 |
| 2025-11-12 | 3.19 |
| 2025-11-11 | 3.15 |
| 2025-11-10 | 3.25 |
| 2025-11-07 | 3.19 |
| 2025-11-06 | 3.24 |
| 2025-11-05 | 3.31 |
| 2025-11-04 | 3.13 |
| 2025-11-03 | 3.17 |
| 2025-10-31 | 3.18 |
| 2025-10-30 | 2.79 |
| 2025-10-29 | 3.04 |
| 2025-10-28 | 3.01 |
| 2025-10-27 | 3.12 |
| 2025-10-24 | 3.04 |
| 2025-10-23 | 2.88 |
| 2025-10-22 | 2.81 |
| 2025-10-21 | 2.85 |
| 2025-10-20 | 2.88 |
| 2025-10-17 | 2.92 |
| 2025-10-16 | 2.99 |
| 2025-10-15 | 3.07 |
| 2025-10-14 | 2.82 |
| 2025-10-13 | 2.85 |
| 2025-10-10 | 2.84 |
| 2025-10-09 | 2.95 |
| 2025-10-08 | 2.91 |
| 2025-10-07 | 2.87 |
| 2025-10-06 | 2.89 |
| 2025-10-03 | 2.90 |
| 2025-10-02 | 2.92 |
| 2025-10-01 | 2.83 |
| 2025-09-30 | 2.77 |
| 2025-09-29 | 2.81 |
| 2025-09-26 | 2.77 |
| 2025-09-25 | 2.81 |
| 2025-09-24 | 2.76 |
| 2025-09-23 | 2.71 |
| 2025-09-22 | 2.76 |
| 2025-09-19 | 2.67 |
| 2025-09-18 | 2.64 |
| 2025-09-17 | 2.65 |
| 2025-09-16 | 2.58 |
| 2025-09-15 | 2.60 |
| 2025-09-12 | 2.54 |
| 2025-09-11 | 2.56 |
| 2025-09-10 | 2.56 |
| 2025-09-09 | 2.55 |
| 2025-09-08 | 2.56 |
| 2025-09-05 | 2.58 |
| 2025-09-04 | 2.54 |
| 2025-09-03 | 2.53 |
| 2025-09-02 | 2.46 |
| 2025-08-29 | 2.46 |
| 2025-08-28 | 2.48 |
| 2025-08-27 | 2.41 |
| 2025-08-26 | 2.47 |
| 2025-08-25 | 2.51 |
| 2025-08-22 | 2.54 |
| 2025-08-21 | 2.42 |
| 2025-08-20 | 2.60 |
| 2025-08-19 | 2.65 |
| 2025-08-18 | 2.76 |
| 2025-08-15 | 2.52 |
| 2025-08-14 | 2.27 |
| 2025-08-13 | 2.33 |
| 2025-08-12 | 2.32 |
| 2025-08-11 | 2.29 |
| 2025-08-08 | 2.32 |
| 2025-08-07 | 2.34 |
| 2025-08-06 | 2.33 |
| 2025-08-05 | 2.35 |
| 2025-08-04 | 2.31 |
| 2025-08-01 | 2.31 |
| 2025-07-31 | 2.20 |
| 2025-07-30 | 2.35 |
| 2025-07-29 | 2.39 |
| 2025-07-28 | 2.41 |
| 2025-07-25 | 2.43 |
| 2025-07-24 | 2.37 |
| 2025-07-23 | 2.36 |
| 2025-07-22 | 2.36 |
| 2025-07-21 | 2.34 |
| 2025-07-18 | 2.31 |
| 2025-07-17 | 2.28 |
| 2025-07-16 | 2.19 |
| 2025-07-15 | 2.26 |
| 2025-07-14 | 2.11 |
| 2025-07-11 | 2.13 |
| 2025-07-10 | 2.17 |
| 2025-07-09 | 2.18 |
| 2025-07-08 | 2.17 |
| 2025-07-07 | 2.32 |
| 2025-07-03 | 2.43 |
| 2025-07-02 | 2.24 |
| 2025-07-01 | 2.14 |
| 2025-06-30 | 2.17 |
| 2025-06-27 | 2.00 |
| 2025-06-26 | 2.04 |
| 2025-06-25 | 2.00 |
| 2025-06-24 | 1.98 |
| 2025-06-23 | 1.90 |
| 2025-06-20 | 1.90 |
| 2025-06-18 | 1.88 |
| 2025-06-17 | 1.89 |
| 2025-06-16 | 2.30 |
| 2025-06-13 | 2.30 |
| 2025-06-12 | 2.20 |
Showing the most recent 260 of 4,850 data points. The chart above shows the full history.
Related 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.
- Sector
- Energy
- Industry
- Solar
- CEO
- Mark R. Widmar