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STOCK COMPARISON

Gigasolar Materials vs First Solar: Fair Value & Quality

Both stocks run through our valuation models. Here is how Gigasolar Materials (3691) and First Solar (FSLR) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees First Solar as the more attractively valued of the two: Gigasolar Materials trades at TWD 122 versus a fair value of TWD 39.17 (-68%), while First Solar trades at $201 versus $392 (+95%).
Gigasolar Materials
3691.TWO · TWD · Information Technology
-68%
upside to fair value
overvalued
PriceTWD 122
Fair ValueTWD 39.17
Quality34/100
First Solar
FSLR · USD · Information Technology
+95%
upside to fair value
undervalued
Price$201
Fair Value$392
Quality65/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Gigasolar MaterialsFirst Solar
Valuation
n/aP/E (TTM)13.0×
0.05×P/S (TTM)4.52×
0.06×P/B2.57×
7.0×EV/EBITDA9.7×
n/aPEG0.60×
−67.8%Fair value upside+95.3%
Profitability
10%Operating margin33%
n/aEBIT margin trend (5Y)2.76×
-5%Return on equity18%
-0%Return on assets8%
Growth
181%Revenue growth (YoY)24%
0.9%Avg. growth/yr (3Y)25.8%
-8.0%Avg. growth/yr (5Y)14.0%
n/aValue creation/yr+38.9%
Balance & size
n/aInterest coverage (EBIT/interest)38.1×
0.54×Debt / equity0.03×
$351MMarket cap$24B
weakGrowth qualityhealthy

First Solar leads: 3 to 7 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Gigasolar Materialsof which business quality 34 · market factors 42 First Solarof which business quality 66 · market factors 20
ProfitabilityMargins and returns on capital today
7
56
Quality GrowthAre margins and returns improving?
31
54
CashflowEarnings quality: real cash, not paper profit
4
72
Fin. StrengthBalance sheet, leverage, solvency risk
51
94
InvestmentDisciplined investing over empire-building
78
14
Low VolatilityCalm price path (market factor)
24
9
MomentumPrice trend over the last 3–12 months (market factor)
40
29
52W MomentumDistance to the 52-week high (market factor)
67
18
Net IssuanceShare count: buybacks or dilution?
59
80

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyGigasolar MaterialsPrice TWD 122First SolarPrice $201
DCF Modelsn/a+134%above the price$471
Earnings-Basedn/a+54%above the price$310
Multiplesn/a+58%above the price$318
Asset-Based-65%below the priceTWD 42.16-70%below the price$59.47
Growth DCFn/a+77%above the price$355
Economic Profitn/a0%close to the price$202
Growth Earningsn/a+134%above the price$471
Minimum-65%below the priceTWD 42.16-70%below the price$59.47
Maximum-65%below the priceTWD 42.16+134%above the price$471
Median-65%below the priceTWD 42.16+58%above the price$318
Geometric mean-65%below the priceTWD 42.16+32%above the price$265

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Gigasolar Materials: 1 of 1 models see the stock below the current price.

First Solar: 3 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Gigasolar Materials
Price TWD 122
Fair Value TWD 39.17
Bear TWD 29.23Bull TWD 58.46
First Solar
Price $201
Fair Value $392
Bear $227Bull $485

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Gigasolar Materials · Information Technology

Quality score34 · bottom 25%
Fair value upside-68% · bottom 25%

First Solar · Information Technology

Quality score65 · Top 25%
Fair value upside+95% · Top 25%

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees First Solar as the more attractively valued of the two: Gigasolar Materials trades at TWD 122 versus a fair value of TWD 39.17 (-68%), while First Solar trades at $201 versus $392 (+95%).

First Solar has the higher quality score (65/100).

Open First Solar live analysis →

More comparisons

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.