Price to Earnings (P/E)
since 2015
Calculation
SolarEdge Technologies Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 22, 2023 | 177.05 | = | 295.71 | ÷ | 1.67 | 1.67 | = | 93,779 | ÷ | 56,146,608 | |
| Feb 22, 2022 | 76.83 | = | 246.07 | ÷ | 3.20 | 3.20 | = | 169,170 | ÷ | 52,818,655 | |
| Feb 19, 2021 | 118.36 | = | 321.99 | ÷ | 2.72 | 2.72 | = | 140,322 | ÷ | 51,581,559 | |
| Feb 27, 2020 | 42.31 | = | 125.95 | ÷ | 2.98 | 2.98 | = | 146,549 | ÷ | 49,235,498 | |
| Feb 28, 2019 | 15.50 | = | 42.26 | ÷ | 2.73 | 2.73 | = | 128,833 | ÷ | 47,255,226 | |
| Feb 20, 2018 | 24.74 | = | 47.45 | ÷ | 1.92 | 1.92 | = | 84,172 | ÷ | 43,891,212 | |
| Aug 17, 2016 | 9.48 | = | 17.76 | ÷ | 1.87 | 1.87 | = | 76,609 | ÷ | 40,898,197 | |
| Aug 20, 2015 | 45.77 | = | 24.60 | ÷ | 0.54 | 0.54 | = | 21,121 | ÷ | 39,300,386 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of SolarEdge Technologies Inc. Annual Report.
- Share Price
- The share price exhibited a fluctuating upward trend over the analyzed period. Initially, it decreased from $24.60 in August 2015 to $17.76 in August 2016. Subsequently, it increased steadily, reaching a notable peak of $321.99 in February 2021. After this peak, the share price declined to $246.07 in February 2022 but rebounded to $295.71 by February 2023.
- Earnings per Share (EPS)
- EPS showed general growth with some fluctuations. Starting from $0.54 in August 2015, it rose to $1.87 in August 2016 and maintained an upward trend until February 2020, where it reached $2.98. A slight decline occurred in February 2021 to $2.72, followed by an increase to $3.20 in February 2022. However, EPS dropped notably to $1.67 in February 2023, indicating a significant reduction in profitability for that period.
- Price-to-Earnings (P/E) Ratio
- The P/E ratio demonstrated considerable volatility throughout the periods analyzed. It began at a relatively high level of 45.77 in August 2015, then dropped sharply to 9.48 in August 2016. Following that, it increased up to 42.31 in February 2020 and surged dramatically to 118.36 in February 2021. After a decrease to 76.83 in February 2022, it rose again to 177.05 by February 2023, reflecting heightened market valuation relative to earnings, especially in the last two years where earnings weakened while share price remained relatively high.
Comparison to Competitors
SolarEdge Technologies Inc., P/E, long-term trends, comparison to competitors
| SolarEdge Technologies Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 22, 2023 | 177.05 | 96.16 | 31.21 | 13.55 | 20.70 | 14.54 | 16.89 | 13.77 | 6.62 | 68.08 | 9.75 | 18.88 |
| Feb 22, 2022 | 76.83 | 45.54 | 68.31 | 22.05 | 40.73 | 10.59 | 25.97 | 21.03 | 13.38 | 78.54 | 17.15 | 20.38 |
| Feb 19, 2021 | 118.36 | 41.66 | 41.43 | 22.31 | 66.38 | 11.02 | 25.92 | 24.23 | 21.80 | 67.59 | 28.06 | 27.95 |
| Feb 27, 2020 | 42.31 | 169.62 | 31.04 | 20.25 | 47.09 | 13.91 | 18.44 | 13.64 | 7.98 | 22.77 | 22.03 | 24.47 |
| Feb 28, 2019 | 15.50 | 68.76 | 22.17 | 9.75 | 8.14 | 10.41 | 23.02 | 11.70 | 3.40 | 48.05 | — | 18.05 |
| Feb 20, 2018 | 24.74 | 282.39 | 44.94 | 16.16 | 63.27 | 22.15 | 15.04 | 15.33 | 9.20 | 36.34 | 31.96 | 27.77 |
| Aug 17, 2016 | 9.48 | — | 26.07 | 20.68 | — | 16.72 | 17.19 | 15.81 | — | 28.95 | 17.37 | 21.45 |
| Aug 20, 2015 | 45.77 | — | 27.06 | 15.88 | 28.48 | 11.85 | 22.52 | 17.37 | 6.25 | 19.88 | 17.18 | 17.66 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
SolarEdge Technologies Inc., P/E, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| SolarEdge Technologies Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Feb 22, 2023 | 177.05 | 22.88 |
| Feb 22, 2022 | 76.83 | 24.52 |
| Feb 19, 2021 | 118.36 | 25.24 |
| Feb 27, 2020 | 42.31 | 19.28 |
| Feb 28, 2019 | 15.50 | 13.87 |
| Feb 20, 2018 | 24.74 | 24.12 |
| Aug 17, 2016 | 9.48 | 25.31 |
| Aug 20, 2015 | 45.77 | 15.18 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30).
Comparison to Industry (Information Technology)
SolarEdge Technologies Inc., P/E, long-term trends, comparison to industry (information technology)
| SolarEdge Technologies Inc. | Information Technology | |
|---|---|---|
| Feb 22, 2023 | 177.05 | 26.90 |
| Feb 22, 2022 | 76.83 | 29.73 |
| Feb 19, 2021 | 118.36 | 31.25 |
| Feb 27, 2020 | 42.31 | 23.31 |
| Feb 28, 2019 | 15.50 | 23.20 |
| Feb 20, 2018 | 24.74 | 23.46 |
| Aug 17, 2016 | 9.48 | 19.50 |
| Aug 20, 2015 | 45.77 | 16.54 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30).