First Solar (FSLR) Price to Book (2009 - 2026)
First Solar's (FSLR) quarterly Price to Book came in at 2.46 in Q2 2026, up 18.28% on a YoY basis from 2.08 in Q2 2025, and up 14.52% quarter-over-quarter from 2.15 in Q1 2026.
Analysis
First Solar (FSLR) Price to Book (2009 - 2026) Analysis & Trends
First Solar (FSLR) has reported Price to Book for 18 consecutive years, with 2.46 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Price to Book rose 18.28% year-over-year to 2.46; the trailing twelve-month figure through Jun 2026 stood at 2.46 (up 18.28% YoY), and the FY2025 full-year result was 2.94, up 24.26% from the prior year.
- Price to Book grew to 2.46 in Q2 2026 per FSLR's latest filing, from 2.15 in the prior quarter.
- Across five years, Price to Book topped out at 3.96 in Q1 2023 and bottomed at 1.23 in Q2 2022.
- Historically, Price to Book has averaged 2.58 across 5 years, with a median of 2.62 in 2024.
- The sharpest annual moves came in 2023 and 2025: Price to Book jumped 172.97% in 2023, then tumbled 37.55% in 2025.
- Over 5 years, Price to Book stood at 2.74 in 2022, then advanced by 0.6% to 2.75 in 2023, then declined by 14.07% to 2.37 in 2024, then gained by 24.26% to 2.94 in 2025, then decreased by 16.4% to 2.46 in 2026.
- According to Business Quant data, Price to Book over the past three periods registered 2.46, 2.15, and 2.94 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 21.97 Bn | 20.25 Bn | 605.00 Mn |
| 2 | Nextpower | 12.81 Bn | 11.60 Bn | 335.85 Mn |
| 3 | Enphase Energy | 4.81 Bn | 3.87 Bn | 175.01 Mn |
| 4 | Solaredge Technologies | 2.10 Bn | 1.52 Bn | 95.15 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.14 Bn | 49.10 Mn |
| 6 | Shoals Technologies | 1.20 Bn | 1.18 Bn | 49.53 Mn |
| 7 | Canadian Solar | 896.45 Mn | 597.20 Mn | 168.48 Mn |
| 8 | Array Technologies | 708.44 Mn | 401.13 Mn | 99.60 Mn |
| 9 | JinkoSolar Holding | 627.24 Mn | -480.04 Mn | 75.62 Mn |
| 10 | Toyo | 133.94 Mn | 23.90 Mn | 36.97 Mn |
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 |
| Jun 30, 2021 | 1.66 |