Canadian Solar is currently trading undervalued according to its PE and P/S ratios. It is also, according to the aforementioned metrics, likely to appreciate in price in the short-term. Canadian Solar’s yearly PE ratio is at 5.32, while the P/S ratio is sitting at 0.31.
These numbers can be compared to the PE for the S&P 500 which is currently at 17.93 as well as the P/S ratio of the S&P 500 which is 3.40.
Judging those numbers, Canadian Solar is currently trading slightly undervalued than the industry is, and also compared to the historical norms of the company. The Canadian Solar (CSIQ) stock has a Zacks Value Style Score of A. It is also sporting a Zacks Rank #3 (Hold).