First Solar (FSLR) Price to Book (2009 - 2026)
First Solar's Price to Book was 2.46 in Q2 2026, up 18.3% from 2.08 a year earlier and up 14.5% from the prior quarter.
Powered by 
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%).
- Quarterly Price to Book has moved between 1.23 (Q2 2022) and 3.96 (Q1 2023) over five years.
- Compared with a year earlier, Price to Book has increased for three straight quarters, with an average decline of 1.7% over the last eight quarters.
- 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 Q2 2026 was 2.15 (Q1 2026), 2.94 (Q4 2025) and 2.62 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 220.36 Bn | 181.43 Bn | 2.36 Bn |
| 2 | Bloom Energy | 64.36 Bn | 54.29 Bn | 417.10 Mn |
| 3 | First Solar | 18.40 Bn | 9.36 Bn | 605.00 Mn |
| 4 | Nextpower | 11.77 Bn | 7.67 Bn | 335.85 Mn |
| 5 | BWX Technologies | 11.66 Bn | 9.96 Bn | 202.31 Mn |
| 6 | Generac Holdings | 11.09 Bn | 9.91 Bn | 521.81 Mn |
| 7 | EnerSys | 6.12 Bn | 4.32 Bn | 313.36 Mn |
| 8 | Enphase Energy | 4.14 Bn | -716.82 Mn | 175.01 Mn |
| 9 | Mirion Technologies | 3.65 Bn | 1.53 Bn | 133.10 Mn |
| 10 | QuantumScape | 2.56 Bn | -1.18 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 1.74 |
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();