Shoals Technologies Group, Inc. Ratios | P/E, ROE & Valuation

On the Key Ratios page for Shoals Technologies Group, Inc. (SHLS), the latest P/E of 36.0 frames valuation, while ROE 5.29% and ROIC 5.23% indicates profitability and capital efficiency. Together with the current ratio of 2.25 and debt-to-equity 0.38, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

SHLS Historical Per Share Metrics

8 years
Metric (FY)TTM2024202320222021202020192018
Revenue per Share$3.50$2.37$2.98$2.86$1.90$1.10$0.90$0.65
Net Income per Share$0.19$0.14$0.24$1.11$0.04$0.21$0.16$0.05
Operating Cash Flow per Share$-0.11$0.48$0.56$0.34$-0.04$0.34$0.23$0.02
Free Cash Flow per Share$-0.31$0.43$0.50$0.32$-0.07$0.32$0.22$0.01
Cash per Share$0.09$0.14$0.14$0.08$0.04$0.06$0.04$0.00
Book Value per Share$3.67$3.30$3.32$2.63$-0.07$-1.15$0.94$0.86
Tangible Book Value per Share$3.08$2.64$2.60$1.52$-1.27$-1.91$0.12$0.00
Interest Debt per Share$1.46$0.94$1.27$2.25$2.33$2.26$0.17$0.26
CAPEX per Share$0.19$0.05$0.06$0.03$0.04$0.02$0.01$0.01

SHLS Historical Valuation Ratios

8 years
Metric (FY)TTM2024202320222021202020192018
Price to Earnings (P/E)35.9938.6463.8222.13690.37147.05197.49574.25
Price to Book (P/B)1.831.674.689.691066.52-26.9733.1235.91
Price to Sales (P/S)1.922.345.228.6412.7728.2934.3647.86
Enterprise Value to EBITDA19.0616.3730.2916.8760.96113.84138.1249.29
EV to Sales2.292.645.559.3413.9130.2834.548.24
EV to Operating Cash Flow-69.6813.0929.577.43-726.1598.26137.761667.75
EV to Free Cash Flow-26.0814.6233.3484.15-361.17104.52144.633135.91
Enterprise Value$1.35B$1.05B$2.71B$3.05B$2.96B$5.31B$4.98B$5.00B

SHLS Historical Profitability Ratios

8 years
Metric (FY)TTM2024202320222021202020192018
Return on Equity (ROE)5.29%4.33%7.33%43.80%154.48%-18.34%16.77%6.25%
Return on Invested Capital (ROIC)5.23%4.57%8.13%29.42%8.93%21.34%15.30%6.24%
Return on Tangible Assets3.47%3.54%5.51%27.25%1.35%46.16%43.76%18.24%
Earnings Yield2.82%2.59%1.57%4.52%0.14%0.68%0.51%0.17%
Free Cash Flow Yield-4.58%7.72%3.19%1.29%-0.30%1.02%0.69%0.03%
Dividend Yield0.00%0.00%0.00%0.00%0.00%7.57%0.28%0.21%

SHLS Historical Liquidity & Financial Strength

8 years
Metric (FY)TTM2024202320222021202020192018
Current Ratio2.252.332.452.922.962.331.93.29
Interest Coverage5.353.73.289.22.4910.6215.074.54
Income Quality-0.613.332.30.28-1.041.61.440.35
Debt to Equity0.380.260.340.8296.77-1.950.170.29
Debt to Assets22.99%18.14%21.88%40.19%57.94%183.72%13.89%21.30%
Net Debt to EBITDA3.091.871.811.274.987.470.531.96

SHLS Historical Efficiency Ratios

8 years
Metric (FY)TTM2024202320222021202020192018
Receivables Turnover3.744.033.324.864.735.74.853.99
Payables Turnover6.0712.8422.2720.636.537.459.6612.21
Inventory Turnover2.174.596.072.693.47.2111.357.6
Days Sales Outstanding97.6690.53109.9375.1277.0964.0575.2791.5
Days Payables Outstanding60.1528.4316.3917.6955.8749.0237.7929.88
Days of Inventory on Hand168.4179.4460.11135.93107.2650.6532.1548.01

SHLS Historical Market Metrics

8 years
Metric (FY)TTM2024202320222021202020192018
Enterprise Value to EBITDA19.0616.3730.2916.8760.96113.84138.1249.29
Market Cap$1.13B$932.19M$2.55B$2.82B$2.72B$4.97B$4.97B$4.97B
Enterprise Value$1.35B$1.05B$2.71B$3.05B$2.96B$5.31B$4.98B$5.00B
Dividend Yield0.00%0.00%0.00%0.00%0.00%7.57%0.28%0.21%
Payout Ratio0.00%0.00%0.00%0.00%0.00%1113.68%55.64%123.29%

Frequently Asked Questions

How does Shoals Technologies Group, Inc.’s P/E ratio compare with its history?

On this page, SHLS's current P/E is 36.0, compared with a multi-year average around 221.2. A lower P/E versus its own history is a calculated gap versus that average—not a conclusion that the stock is cheap. Pair it with profitability and earnings quality in the table (for example ROE/ROIC) to see whether the multiple moved with earnings.

What is Shoals Technologies Group, Inc. market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $1.13B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does Shoals Technologies Group, Inc.’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with Shoals Technologies Group, Inc.'s own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does Shoals Technologies Group, Inc. compare to its competitors in key financial ratios?

The fastest way to compare Shoals Technologies Group, Inc. with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Shoals Technologies Group, Inc. outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do Shoals Technologies Group, Inc.'s liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that Shoals Technologies Group, Inc. is financially strong. Current ratio is about 2.25, which is above 1.0 and can indicate more comfortable short-term liquidity. Interest coverage is about 5.35, implying a stronger ability to cover interest expenses. Debt-to-equity is about 0.38, suggesting leverage is more moderate relative to a high-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do Shoals Technologies Group, Inc.'s financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Shoals Technologies Group, Inc. is sustaining strong returns (for example ROE at 5.29% and ROIC at 5.23%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.