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Trina Solar Valuation Multiples
Discover revenue and EBITDA valuation multiples for Trina Solar and similar public comparables like Ormat, Suzlon Energy, Tokyo Electric Power, Capital Power and more.
Trina Solar Overview
About Trina Solar
Trina Solar is one of the top four Chinese solar module producers. Trina's products are available in over 170 countries and regions. The company operates a vertically integrated production process, covering everything from solar wafers and cells to complete modules.
Founded
1997
HQ
Employees
30.0K
Website
Financials (LTM)
EV
$11B
Trina Solar Financials
Trina Solar reported last 12-month revenue of $11B and EBITDA of $629M.
In the same LTM period, Trina Solar generated $777M in gross profit, $629M in EBITDA, and had net loss of ($570M).
Revenue (LTM)
Trina Solar P&L
In the most recent fiscal year, Trina Solar reported revenue of $12B and EBITDA of $556M.
Trina Solar expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $11B | XXX | $12B | XXX | XXX | XXX |
| Gross Profit | $777M | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 7% | XXX | 10% | XXX | XXX | XXX |
| EBITDA | $629M | XXX | $556M | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | 5% | XXX | XXX | XXX |
| EBIT Margin | (5%) | XXX | (0%) | XXX | XXX | XXX |
| Net Profit | ($570M) | XXX | ($472M) | XXX | XXX | XXX |
| Net Margin | (5%) | XXX | (4%) | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Trina Solar Stock Performance
Trina Solar has current market cap of $7B, and enterprise value of $11B.
Market Cap Evolution
Trina Solar's stock price is $2.88.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $11B | $7B | 0.0% | XXX | XXX | XXX | $-0.20 |
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Start Free TrialTrina Solar Valuation Multiples
Trina Solar trades at 1.0x EV/Revenue multiple, and 17.0x EV/EBITDA.
EV / Revenue (LTM)
Trina Solar Financial Valuation Multiples
As of March 15, 2026, Trina Solar has market cap of $7B and EV of $11B.
Equity research analysts estimate Trina Solar's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Trina Solar has a P/E ratio of (11.8x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV/Revenue | 1.0x | XXX | 0.9x | XXX | XXX | XXX |
| EV/EBITDA | 17.0x | XXX | 19.2x | XXX | XXX | XXX |
| EV/EBIT | (18.4x) | XXX | (336.1x) | XXX | XXX | XXX |
| EV/Gross Profit | 13.7x | XXX | 9.5x | XXX | XXX | XXX |
| P/E | (11.8x) | XXX | (14.3x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (13.9x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Trina Solar Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Trina Solar Margins & Growth Rates
Trina Solar's revenue in the last 12 month grew by 19%.
Trina Solar's revenue per employee in the last FY averaged $0.4M.
Trina Solar's rule of 40 is 25% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Trina Solar's rule of X is 53% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Trina Solar Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 19% | XXX | (11%) | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Growth | 80% | XXX | (7%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 25% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 53% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 3% | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | 2% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 2% | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 10% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Trina Solar Public Comps
See public comps and valuation multiples for other Energy Equipment and Renewable Energy comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Ormat | XXX | XXX | XXX | XXX | XXX | XXX |
| Suzlon Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Tokyo Electric Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Capital Power | XXX | XXX | XXX | XXX | XXX | XXX |
| NOV Inc. | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Trina Solar M&A Activity
Trina Solar acquired XXX companies to date.
Last acquisition by Trina Solar was on XXXXXXXX, XXXXX. Trina Solar acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Trina Solar
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialTrina Solar Investment Activity
Trina Solar invested in XXX companies to date.
Trina Solar made its latest investment on XXXXXXXX, XXXXX. Trina Solar invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Trina Solar
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Trina Solar
| When was Trina Solar founded? | Trina Solar was founded in 1997. |
| Where is Trina Solar headquartered? | Trina Solar is headquartered in China. |
| How many employees does Trina Solar have? | As of today, Trina Solar has over 30K employees. |
| Is Trina Solar publicly listed? | Yes, Trina Solar is a public company listed on Shanghai Stock Exchange. |
| What is the stock symbol of Trina Solar? | Trina Solar trades under 688599 ticker. |
| When did Trina Solar go public? | Trina Solar went public in 2020. |
| Who are competitors of Trina Solar? | Trina Solar main competitors are Ormat, Suzlon Energy, Tokyo Electric Power, Capital Power. |
| What is the current market cap of Trina Solar? | Trina Solar's current market cap is $7B. |
| What is the current revenue of Trina Solar? | Trina Solar's last 12 months revenue is $11B. |
| What is the current revenue growth of Trina Solar? | Trina Solar revenue growth (NTM/LTM) is 19%. |
| What is the current EV/Revenue multiple of Trina Solar? | Current revenue multiple of Trina Solar is 1.0x. |
| Is Trina Solar profitable? | Yes, Trina Solar is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Trina Solar? | Trina Solar's last 12 months EBITDA is $629M. |
| What is Trina Solar's EBITDA margin? | Trina Solar's last 12 months EBITDA margin is 6%. |
| What is the current EV/EBITDA multiple of Trina Solar? | Current EBITDA multiple of Trina Solar is 17.0x. |
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