# Shoals Technologies Group Inc. (SHLS) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Solar. Price $7.13, market value $1.2 billion.

## Valuation
- **P/E (trailing): 37.5×** (5-yr avg 43.9×, 3-yr avg 48.9×). Shoals Technologies Group Inc. trades at 37.5× trailing earnings, close to its own five-year average of 43.9×. The Technology median in the September 2026 study was 32.1×. Forward P/E is 12.9×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.30**. A PEG of 0.30 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 2.0×**. Each dollar of revenue is priced at 2.0×.
- **Price / book: 1.9×**. The shares trade at 1.9× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 17.0×**. Enterprise value is 17.0× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: -4.3%** (5-yr avg 2.7%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 2.7%**. The inverse of the P/E: 2.7% of the price is earned each year.

## Profitability
- **Gross margin: 31.9%**. Shoals Technologies Group Inc. keeps 31.9% of revenue after the direct cost of what it sells.
- **Operating margin: 10.6%**. 10.6% of revenue is left after running the business.
- **Net margin: 7.1%**. 7.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 5.6%**. 5.6% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 6.7%**. Return on all capital, debt included, is 6.7%.
- **Return on assets: 3.5%**. Each dollar of assets produces 3.5% of profit.

## Growth
- **Revenue growth (1 yr): 19.1%** (3-yr 13.3%/yr, 5-yr 22.0%/yr). Revenue grew 19.1% over the last year, against 22.0% a year compounded over five years.
- **EPS growth (1 yr): 42.9%** (3-yr -38.3%/yr). Earnings per share rose 42.9%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.24**. Debt is 0.24 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 1.7×**. It would take 1.7 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 2.03** (quick 2.03). Current assets cover the next year's liabilities 2.03 times.
- **Altman Z-score: 4.20**. A Z-score of 4.20 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Shoals Technologies Group Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (19 analysts). 19 analysts cover Shoals Technologies Group Inc.; the consensus is buy, with an average price target of $11.32 (+59% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -0.3%** (YTD -16.1%, 3-mo -34.0%). The shares are down 0.3% over twelve months including dividends.
- **From 52-week high: -45.9%** (31.3% above the low). Trading 46% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 41**. An RSI of 41 is neutral.
- **Beta (1 yr): 2.97** (volatility 84%). Beta of 2.97 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=SHLS · Page: https://foliofundamentals.com/stocks/shls

Not investment advice.