First Solar (FSLR) Price to Book (2009 - 2026)
First Solar's Price to Book was 1.73 in Q3 2026, down 34.1% from 2.62 a year earlier and down 29.6% from the prior quarter.
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Analysis
First Solar (FSLR) Price to Book (2009 - 2026) Analysis & Trends
For FY2025, Price to Book at First Solar came in at 2.94, up 24.3% from FY2024.
- In earlier years, Price to Book was 2.37 in FY2024 (-14.1%), 2.75 in FY2023 (+0.6%), 2.74 in FY2022 (+75.9%) and 1.56 in FY2021 (-18.1%).
- The Q3 2026 figure marks the lowest quarterly Price to Book since Q1 2025.
- Compared with a year earlier, Price to Book was higher in three of the last eight quarters, with an average decline of 9.5%.
- The best year-over-year quarter for Price to Book over five years was Q2 2023 (growth of 173.0%); the worst was Q2 2025 (a decline of 37.5%).
- Per Business Quant data, FSLR's Price to Book in the three quarters before Q3 2026 was 2.46 (Q2 2026), 2.15 (Q1 2026) and 2.94 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 210.90 Bn | 163.15 Bn | 3.11 Bn |
| 2 | Bloom Energy | 54.82 Bn | 44.75 Bn | 417.10 Mn |
| 3 | First Solar | 19.45 Bn | 10.82 Bn | 713.06 Mn |
| 4 | Nextpower | 15.04 Bn | 10.75 Bn | 345.32 Mn |
| 5 | BWX Technologies | 11.61 Bn | 9.39 Bn | 227.14 Mn |
| 6 | Generac Holdings | 10.72 Bn | 9.45 Bn | 516.04 Mn |
| 7 | Innio | 10.33 Bn | 6.57 Bn | 367.70 Mn |
| 8 | EnerSys | 5.50 Bn | 3.69 Bn | 313.36 Mn |
| 9 | Mirion Technologies | 4.67 Bn | 3.08 Bn | 131.50 Mn |
| 10 | X-Energy | 4.46 Bn | 3.10 Bn | -32.06 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.73 |
| Jun 30, 2026 | 2.46 |
| Mar 31, 2026 | 2.15 |
| Dec 31, 2025 | 2.94 |
| Sep 30, 2025 | 2.62 |
| Jun 30, 2025 | 2.08 |
| Mar 31, 2025 | 1.66 |
| Dec 31, 2024 | 2.37 |
| Sep 30, 2024 | 3.52 |
| Jun 30, 2024 | 3.33 |
| Mar 31, 2024 | 2.62 |
| Dec 31, 2023 | 2.75 |
| Sep 30, 2023 | 2.74 |
| Jun 30, 2023 | 3.36 |
| Mar 31, 2023 | 3.96 |
| Dec 31, 2022 | 2.74 |
| Sep 30, 2022 | 2.42 |
| Jun 30, 2022 | 1.23 |
| Mar 31, 2022 | 1.52 |
| Dec 31, 2021 | 1.56 |
API Access
First Solar Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=FSLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "FSLR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=FSLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();