SolarEdge Technologies, Inc. (SEDG) Financial Ratios
14 years of historical data (2012–2025) · Energy · Solar
EV/EBITDA
↓
N/A
—
5yr avg: 66.50
30Y Low6.0·High95.7
P/FCF
↓
29.94
↓-77% vs avg
5yr avg: 131.71
30Y Low11.2·High175.7
P/B Ratio
↓
5.68
+5% vs avg
5yr avg: 5.40
30Y Low1.2·High15.5
ROE
↓
-74.7%
↑-118% vs avg
5yr avg: -34.3%
30Y Low-118%·High36%
Debt/EBITDA
↑
N/A
—
5yr avg: 4.61
30Y Low0.1·High7.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SEDG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
SolarEdge Technologies, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 29.9x P/FCF, 77% below the 5-year average of 131.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.4B | $1.7B | $776M | $5.4B | $16.5B | $15.7B | $16.8B | $4.8B | $1.7B | $1.7B | $544M |
| Enterprise Value | $2.3B | $1.6B | $1.3B | $5.8B | $16.4B | $15.9B | $16.7B | $4.6B | $1.5B | $1.5B | $438M |
| P/E Ratio → | -5.89 | — | — | 156.00 | 171.68 | 91.69 | 119.97 | 32.57 | 13.05 | 20.30 | 10.69 |
| P/S Ratio | 2.04 | 1.46 | 0.86 | 1.80 | 5.29 | 8.00 | 11.55 | 3.35 | 1.80 | 2.81 | 1.13 |
| P/B Ratio | 5.68 | 4.04 | 1.18 | 2.22 | 7.56 | 11.99 | 15.52 | 5.88 | 2.95 | 4.29 | 1.88 |
| P/FCF | 29.94 | 21.36 | — | — | — | 242.05 | 175.75 | 25.60 | 11.19 | 14.80 | 14.51 |
| P/OCF | 23.20 | 16.55 | — | — | 526.09 | 73.34 | 75.67 | 18.43 | 8.91 | 12.48 | 11.07 |
P/E links to full P/E history page with 30-year chart
SEDG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.36 | 1.40 | 1.93 | 5.28 | 8.09 | 11.43 | 3.23 | 1.62 | 2.54 | 0.91 |
| EV / EBITDA | — | — | — | 59.04 | 76.05 | 64.41 | 95.67 | 21.25 | 9.97 | 15.70 | 6.03 |
| EV / EBIT | — | — | — | 67.42 | 90.37 | 83.30 | 99.99 | 25.12 | 10.86 | 15.39 | 7.00 |
| EV / FCF | — | 19.92 | — | — | — | 244.88 | 174.03 | 24.71 | 10.08 | 13.38 | 11.69 |
SEDG Profitability
Margins and return-on-capital ratios measuring operating efficiency
SolarEdge Technologies, Inc. earns an operating margin of -24.1%, below the Energy sector average of 14.4%. Operating margins have compressed from 1.4% to -24.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -74.7% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.3% | 15.3% | -97.3% | 23.6% | 27.2% | 32.0% | 31.6% | 33.6% | 34.1% | 35.4% | 33.7% |
| Operating Margin | -24.1% | -24.1% | -189.5% | 1.4% | 5.3% | 10.5% | 9.8% | 13.3% | 14.9% | 15.0% | 14.0% |
| Net Profit Margin | -34.2% | -34.2% | -200.4% | 1.2% | 3.0% | 8.6% | 9.6% | 10.3% | 13.7% | 13.9% | 10.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -74.7% | -74.7% | -117.7% | 1.5% | 5.4% | 14.1% | 14.8% | 21.2% | 26.6% | 24.5% | 18.6% |
| ROA | -16.9% | -16.9% | -50.1% | 0.8% | 2.6% | 6.3% | 7.1% | 11.9% | 16.0% | 15.8% | 12.3% |
| ROIC | -29.5% | -29.5% | -64.9% | 1.2% | 6.9% | 12.9% | 13.6% | 27.2% | 32.8% | 32.7% | 27.5% |
| ROCE | -19.2% | -19.2% | -64.7% | 1.1% | 5.8% | 9.5% | 9.3% | 21.1% | 22.3% | 21.0% | 20.2% |
SEDG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $540M exceeds total debt of $423M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.99 | 0.99 | 1.15 | 0.30 | 0.34 | 0.54 | 0.61 | 0.07 | 0.04 | — | — |
| Debt / EBITDA | — | — | — | 7.52 | 3.41 | 2.89 | 3.80 | 0.27 | 0.13 | — | — |
| Net Debt / Equity | — | -0.27 | 0.73 | 0.16 | -0.02 | 0.14 | -0.15 | -0.20 | -0.29 | -0.41 | -0.37 |
| Net Debt / EBITDA | — | — | — | 4.04 | -0.22 | 0.74 | -0.94 | -0.77 | -1.10 | -1.66 | -1.45 |
| Debt / FCF | — | -1.44 | — | — | — | 2.83 | -1.72 | -0.89 | -1.11 | -1.42 | -2.82 |
| Interest Coverage | -3.52 | -3.52 | -91.59 | 2.61 | 15.38 | 19.39 | 13.50 | 32.60 | 54.98 | 53.24 | — |
Net cash position: cash ($540M) exceeds total debt ($423M)
SEDG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
SolarEdge Technologies, Inc.'s current ratio of 2.17x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.48x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 3.70x to 2.17x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.17 | 2.17 | 1.95 | 3.70 | 3.26 | 3.26 | 3.94 | 2.14 | 3.00 | 3.67 | 4.82 |
| Quick Ratio | 1.48 | 1.48 | 1.33 | 2.08 | 2.44 | 2.53 | 3.18 | 1.74 | 2.37 | 3.03 | 3.87 |
| Cash Ratio | 0.72 | 0.72 | 0.56 | 0.96 | 1.15 | 1.33 | 2.36 | 0.73 | 1.40 | 1.85 | 2.55 |
| Asset Turnover | — | 0.54 | 0.34 | 0.65 | 0.73 | 0.68 | 0.60 | 0.95 | 0.97 | 0.95 | 1.13 |
| Inventory Turnover | 1.81 | 1.81 | 2.75 | 1.57 | 3.11 | 3.51 | 3.01 | 5.54 | 4.37 | 4.73 | 4.72 |
| Days Sales Outstanding | — | 82.42 | 138.63 | 95.75 | 124.27 | 98.02 | 81.38 | 97.88 | 78.61 | 86.13 | 67.57 |
SEDG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
SolarEdge Technologies, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 0.6% | 0.6% | 1.1% | 0.8% | 3.1% | 7.7% | 4.9% | 9.4% |
| FCF Yield | 3.3% | 4.7% | — | — | — | 0.4% | 0.6% | 3.9% | 8.9% | 6.8% | 6.9% |
| Buyback Yield | 0.0% | 0.0% | 6.5% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 6.5% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $60M | $57M | $57M | $58M | $56M | $53M | $50M | $48M | $45M | $44M |
Peer Comparison
Compare SEDG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 SEDGYou | $2B | -5.9 | — | 29.9 | 15.3% | -24.1% | -74.7% | -29.5% | — |
 ENPH | $5B | 27.8 | 22.4 | 49.2 | 46.6% | 11.2% | 17.9% | 6.8% | 5.1 |
 FSLR | $23B | 15.3 | 9.5 | 19.7 | 40.6% | 32.3% | 17.4% | 17.6% | 0.2 |
 ARRY | $1B | -11.1 | — | — | 23.2% | -2.3% | -19.0% | -5.9% | — |
 SHLS | $1B | 41.6 | 24.1 | — | 35.0% | 11.9% | 5.8% | 5.9% | 2.7 |
 GTLS | $10B | 629.6 | 14.3 | 49.0 | 29.2% | 15.2% | 1.3% | 7.4% | 4.0 |
 SPWR | $875M | -15.4 | — | — | 48.5% | -2.0% | — | -5.3% | — |
 RUN | $3B | 7.5 | — | — | -9.9% | -4.3% | 12.3% | -0.6% | — |
 CSIQ | $1B | -10.9 | — | — | 18.3% | -0.5% | -2.5% | -0.2% | — |
 JKS | $310M | -0.5 | — | — | 2.2% | -11.1% | -14.0% | -9.2% | — |
 DQ | $1B | -7.6 | — | — | -20.7% | -40.6% | -2.9% | -4.1% | — |
| Energy Median | — | 16.8 | 7.9 | 13.3 | 33.2% | 14.4% | 8.5% | 6.3% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying SEDG stock.
What is SolarEdge Technologies, Inc.'s P/E ratio?
SolarEdge Technologies, Inc.'s current P/E ratio is -5.9x. The historical average is 69.9x.
What is SolarEdge Technologies, Inc.'s ROE?
SolarEdge Technologies, Inc.'s return on equity (ROE) is -74.7%. The historical average is -0.1%.
Is SEDG stock overvalued?
Based on historical data, SolarEdge Technologies, Inc. is trading at a P/E of -5.9x. Compare with industry peers and growth rates for a complete picture.
What are SolarEdge Technologies, Inc.'s profit margins?
SolarEdge Technologies, Inc. has 15.3% gross margin and -24.1% operating margin.