• First Solar average price/book ratio for 2024 was 2.96, a 7.5% decline from 2023.
• First Solar average price/book ratio for 2023 was 3.2, a 61.62% decline from 2022.
• First Solar average price/book ratio for 2022 was 1.98, a 20% increase from 2021.

Price/book ratio can be defined as