Shoals Technologies (SHLS) Price to Earnings (2021 - 2026)
Shoals Technologies' Price to Earnings came in at 52.32 for Q2 2026, up 55.4% from 33.67 a year earlier and up 59.1% from the prior quarter.
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Analysis
Shoals Technologies (SHLS) Price to Earnings (2021 - 2026) Analysis & Trends
For FY2025, Shoals Technologies' Price to Earnings was 42.39, up 10.9% from FY2024.
- Going back by year, Price to Earnings was 38.22 in FY2024 (-42.2%), 66.13 in FY2023 (+102.0%), 32.73 in FY2022 (-98.1%) and 1726.71 in FY2021.
- The Q2 2026 figure represents the highest quarterly Price to Earnings since Q1 2024.
- Year-over-year, Price to Earnings has increased for four consecutive quarters, with growth averaging 1.8% over the last eight quarters.
- The fastest year-over-year change in Price to Earnings over five years came in Q1 2024 (growth of 125.1%), and the weakest in Q4 2022 (a decline of 98.1%).
- Business Quant data shows SHLS's Price to Earnings at 32.90 (Q1 2026), 42.39 (Q4 2025) and 37.28 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 263.36 Bn | 224.44 Bn | 2.36 Bn |
| 2 | Bloom Energy | 84.85 Bn | 76.67 Bn | 355.57 Mn |
| 3 | First Solar | 18.77 Bn | 9.72 Bn | 605.00 Mn |
| 4 | Generac Holdings | 12.79 Bn | 11.62 Bn | 521.81 Mn |
| 5 | Nextpower | 12.78 Bn | 8.68 Bn | 335.85 Mn |
| 6 | BWX Technologies | 12.36 Bn | 10.66 Bn | 202.31 Mn |
| 7 | EnerSys | 7.13 Bn | 5.32 Bn | 313.36 Mn |
| 8 | Enphase Energy | 4.42 Bn | -436.70 Mn | 175.01 Mn |
| 9 | Mirion Technologies | 3.57 Bn | 1.46 Bn | 133.10 Mn |
| 10 | Shoals Technologies | 1.40 Bn | 1.36 Bn | 49.53 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 52.32 |
| Mar 31, 2026 | 32.90 |
| Dec 31, 2025 | 42.39 |
| Sep 30, 2025 | 37.28 |
| Jun 30, 2025 | 33.67 |
| Mar 31, 2025 | 29.10 |
| Dec 31, 2024 | 38.22 |
| Sep 30, 2024 | 28.43 |
| Jun 30, 2024 | 45.02 |
| Mar 31, 2024 | 62.57 |
| Dec 31, 2023 | 66.13 |
| Sep 30, 2023 | 22.82 |
| Jun 30, 2023 | 28.24 |
| Mar 31, 2023 | 27.79 |
| Dec 31, 2022 | 32.73 |
| Sep 30, 2022 | 273.94 |
| Jun 30, 2022 | 358.27 |
| Mar 31, 2022 | 362.98 |
| Dec 31, 2021 | 1,726.71 |
| Sep 30, 2021 | 551.66 |
API Access
Shoals Technologies Price to Earnings 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-earnings&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "ticker": "SHLS", "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-earnings&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();