Last 46 quarters of trend data · Energy · Solar
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Emeren Group, Ltd.'s quarterly P/E stands at 6.9x, down 3.2% year-over-year. EV/EBITDA has compressed 73.0% YoY to 2.9x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -8.08 | 6.95 | 16.70 | 13.08 | — | 7.18 | 46.88 | — | — | — | 6.77 | — | 14.12 |
| — | -3.2% | -64.4% | — | — | — | +592.6% | — | — | — | — | — | — | |
| P/S Ratio | 1.08 | 1.55 | 1.86 | 2.50 | 0.75 | 2.70 | 0.64 | 1.77 | 0.84 | 3.11 | 1.61 | 4.96 | 3.32 |
| — | -42.5% | +190.7% | +41.0% | -10.0% | -13.3% | -60.3% | -64.3% | -74.8% | -11.0% | -83.5% | -82.1% | -26.8% | |
| P/B Ratio | 0.30 | 0.30 | 0.30 | 0.24 | 0.31 | 0.39 | 0.22 | 0.30 | 0.41 | 0.48 | 0.58 | 0.68 | 0.71 |
| — | -22.3% | +35.2% | -19.6% | -25.6% | -19.7% | -61.5% | -56.3% | -41.4% | -45.3% | -22.3% | -22.6% | -23.4% | |
| P/FCF | — | 0.74 | 171.44 | — | 4.77 | — | — | — | 17.55 | — | — | — | — |
| — | — | — | — | -72.8% | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 17.62 | 2.87 | — | — | — | 10.63 | 5.10 | 50.15 | — | — | 8.32 | — | — |
| — | -73.0% | — | — | — | — | -38.7% | — | — | — | -72.7% | — | — | |
| EV / EBIT | — | 3.78 | — | 10.58 | — | 5.99 | 8.53 | — | — | — | 10.86 | 174.14 | — |
| — | -36.8% | — | — | — | — | -21.4% | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Emeren Group, Ltd.'s operating margin was 43.6% in Q3 2025, up 306.2 pp QoQ and up 27.0 pp YoY. The trailing four-quarter average of -70.5% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 38.9% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.2% | 60.8% | 51.8% | 39.4% | 13.9% | 43.8% | 31.2% | 29.6% | 11.3% | 40.8% | 37.4% | 12.4% | 9.5% |
| — | +38.9% | +65.8% | +32.9% | +22.8% | +7.4% | -16.6% | +139.3% | +18.9% | +115.7% | -16.8% | -61.9% | -70.1% | |
| Operating Margin | -0.5% | 43.6% | -262.6% | -50.3% | -12.7% | 16.6% | 9.8% | -8.3% | -15.0% | -28.4% | 14.9% | -23.3% | -25.3% |
| — | +161.9% | -2767.0% | -504.9% | +15.3% | +158.7% | -34.0% | +64.4% | +40.7% | -769.1% | +651.1% | +63.1% | -300.9% | |
| Net Margin | -13.6% | 22.2% | 11.3% | 18.9% | -34.1% | 37.7% | 1.3% | -40.6% | -4.3% | -67.3% | 24.7% | -1.5% | -27.7% |
| — | -41.1% | +764.9% | +146.5% | -686.8% | +155.9% | -94.7% | -2593.4% | +84.4% | -1402.6% | +1092.1% | +96.9% | -301.7% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -3.6% | 1.1% | 0.4% | 0.5% | -3.4% | 1.4% | 0.1% | -1.7% | -0.5% | -2.5% | 2.2% | -0.1% | -1.5% |
| — | -21.3% | +289.9% | +127.2% | -527.5% | +153.9% | -94.9% | -3182.6% | +63.9% | -863.1% | +4842.9% | +86.6% | -334.4% | |
| ROA | -2.7% | 0.8% | 0.3% | 0.3% | -2.6% | 1.0% | 0.1% | -1.3% | -0.4% | -2.0% | 1.7% | -0.0% | -1.2% |
| — | -25.5% | +276.1% | +126.8% | -514.4% | +151.8% | -95.1% | -3109.4% | +64.5% | -810.0% | +4450.5% | +87.7% | -308.6% | |
| ROIC | -0.1% | 1.5% | -7.0% | -0.9% | -0.9% | 0.4% | 0.6% | -0.3% | -1.4% | -0.8% | 1.0% | -0.6% | -1.2% |
| — | +248.0% | -1225.8% | -232.7% | +37.2% | +153.5% | -37.6% | +58.3% | -21.5% | -413.1% | +1741.3% | +2.3% | -175.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Emeren Group, Ltd.'s Debt/EBITDA ratio is 10.1x — elevated, raising questions about debt serviceability. Debt/Equity has risen for 5 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.19 | 0.27 | 0.26 | 0.23 | 0.19 | 0.18 | 0.18 | 0.17 | 0.17 | 0.16 | 0.16 | 0.18 | 0.18 |
| — | +52.6% | +44.0% | +33.4% | +12.0% | +11.6% | +11.4% | -6.6% | -7.8% | -4.0% | +47.4% | +47.8% | +40.7% | |
| Debt / EBITDA | 9.89 | 10.06 | — | — | — | 16.40 | 14.38 | 110.87 | — | — | 9.31 | — | — |
| — | -38.6% | — | — | — | — | +54.5% | — | — | — | -74.2% | — | — | |
| Current Ratio | 3.87 | 4.28 | 4.24 | 4.03 | 3.87 | 4.34 | 4.27 | 3.80 | 3.97 | 5.40 | 5.48 | 4.83 | 4.50 |
| — | -1.3% | -0.6% | +6.0% | -2.7% | -19.7% | -22.1% | -21.3% | -11.7% | -13.4% | -40.3% | -47.1% | -50.6% | |
| Quick Ratio | 3.86 | 4.28 | 4.24 | 4.03 | 3.86 | 4.34 | 4.27 | 3.80 | 3.97 | 5.35 | 5.43 | 4.81 | 4.50 |
| — | -1.3% | -0.6% | +6.0% | -2.9% | -18.9% | -21.5% | -21.1% | -11.6% | -14.0% | -40.2% | -47.1% | -50.6% | |
| Interest Coverage | -0.25 | 4.38 | -45.40 | -10.81 | -10.65 | 3.18 | 5.71 | -3.15 | -8.83 | -7.51 | 26.15 | -4.17 | -3.83 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 46 years · Updated daily
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Emeren Group, Ltd.'s current P/E is -8.1x. The average P/E over the last 3 quarters is 12.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Emeren Group, Ltd.'s current operating margin is -0.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Emeren Group, Ltd.'s business trajectory between earnings reports.