ENPH Relative Valuation
ENPH's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, ENPH is overvalued; if below, it's undervalued.
Historical Valuation
Enphase Energy Inc (ENPH) is now in the Undervalued zone, suggesting that its current forward PE ratio of 16.36 is considered Undervalued compared with the five-year average of 42.39. The fair price of Enphase Energy Inc (ENPH) is between 56.56 to 129.14 according to relative valuation methord. Compared to the current price of 35.03 USD , Enphase Energy Inc is Undervalued By 38.06%.
Relative Value
Fair Zone
56.56-129.14
Current Price：35.03
38.06%
Undervalued
16.36
PE
1Y
3Y
5Y
13.64
EV/EBITDA
Enphase Energy Inc. (ENPH) has a current EV/EBITDA of 13.64. The 5-year average EV/EBITDA is 33.88. The thresholds are as follows: Strongly Undervalued below -0.19, Undervalued between -0.19 and 16.85, Fairly Valued between 50.91 and 16.85, Overvalued between 50.91 and 67.95, and Strongly Overvalued above 67.95. The current Forward EV/EBITDA of 13.64 falls within the Undervalued range.
-897.54
EV/EBIT
Enphase Energy Inc. (ENPH) has a current EV/EBIT of -897.54. The 5-year average EV/EBIT is 16.61. The thresholds are as follows: Strongly Undervalued below -471.26, Undervalued between -471.26 and -227.32, Fairly Valued between 260.55 and -227.32, Overvalued between 260.55 and 504.48, and Strongly Overvalued above 504.48. The current Forward EV/EBIT of -897.54 falls within the Strongly Undervalued range.
3.66
PS
Enphase Energy Inc. (ENPH) has a current PS of 3.66. The 5-year average PS is 10.01. The thresholds are as follows: Strongly Undervalued below 1.58, Undervalued between 1.58 and 5.80, Fairly Valued between 14.22 and 5.80, Overvalued between 14.22 and 18.44, and Strongly Overvalued above 18.44. The current Forward PS of 3.66 falls within the Undervalued range.
11.89
P/OCF
Enphase Energy Inc. (ENPH) has a current P/OCF of 11.89. The 5-year average P/OCF is 38.43. The thresholds are as follows: Strongly Undervalued below -3.91, Undervalued between -3.91 and 17.26, Fairly Valued between 59.60 and 17.26, Overvalued between 59.60 and 80.77, and Strongly Overvalued above 80.77. The current Forward P/OCF of 11.89 falls within the Undervalued range.
15.40
P/FCF
Enphase Energy Inc. (ENPH) has a current P/FCF of 15.40. The 5-year average P/FCF is 46.37. The thresholds are as follows: Strongly Undervalued below -14.78, Undervalued between -14.78 and 15.80, Fairly Valued between 76.95 and 15.80, Overvalued between 76.95 and 107.53, and Strongly Overvalued above 107.53. The current Forward P/FCF of 15.40 falls within the Undervalued range.
Enphase Energy Inc (ENPH) has a current Price-to-Book (P/B) ratio of 4.44. Compared to its 3-year average P/B ratio of 15.24 , the current P/B ratio is approximately -70.87% higher. Relative to its 5-year average P/B ratio of 30.59, the current P/B ratio is about -85.49% higher. Enphase Energy Inc (ENPH) has a Forward Free Cash Flow (FCF) yield of approximately 4.92%. Compared to its 3-year average FCF yield of 4.46%, the current FCF yield is approximately 10.21% lower. Relative to its 5-year average FCF yield of 3.15% , the current FCF yield is about 56.05% lower.
4.44
P/B
Median3y
15.24
Median5y
30.59
4.92
FCF Yield
Median3y
4.46
Median5y
3.15
Competitors Valuation Multiple
The average P/S ratio for ENPH's competitors is 5.66, providing a benchmark for relative valuation. Enphase Energy Inc Corp (ENPH) exhibits a P/S ratio of 3.66, which is -35.32% above the industry average. Given its robust revenue growth of 7.76%, this premium appears unsustainable.
Performance Decomposition
1Y
3Y
5Y
Market capitalization of ENPH decreased by 44.20% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 12.02 to 16.24.
The secondary factor is the Revenue Growth, contributed 7.76%to the performance.
Overall, the performance of ENPH in the past 1 year is driven by Margin Expansion. Which is more sustainable.
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Frequently Asked Questions
Is Enphase Energy Inc (ENPH) currently overvalued or undervalued?
Enphase Energy Inc (ENPH) is now in the Undervalued zone, suggesting that its current forward PE ratio of 16.36 is considered Undervalued compared with the five-year average of 42.39. The fair price of Enphase Energy Inc (ENPH) is between 56.56 to 129.14 according to relative valuation methord. Compared to the current price of 35.03 USD , Enphase Energy Inc is Undervalued By 38.06% .
What is Enphase Energy Inc (ENPH) fair value?
ENPH's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of Enphase Energy Inc (ENPH) is between 56.56 to 129.14 according to relative valuation methord.
How does ENPH's valuation metrics compare to the industry average?
The average P/S ratio for ENPH's competitors is 5.66, providing a benchmark for relative valuation. Enphase Energy Inc Corp (ENPH) exhibits a P/S ratio of 3.66, which is -35.32% above the industry average. Given its robust revenue growth of 7.76%, this premium appears unsustainable.
What is the current P/B ratio for Enphase Energy Inc (ENPH) as of Jan 07 2026?
As of Jan 07 2026, Enphase Energy Inc (ENPH) has a P/B ratio of 4.44. This indicates that the market values ENPH at 4.44 times its book value.
What is the current FCF Yield for Enphase Energy Inc (ENPH) as of Jan 07 2026?
As of Jan 07 2026, Enphase Energy Inc (ENPH) has a FCF Yield of 4.92%. This means that for every dollar of Enphase Energy Inc’s market capitalization, the company generates 4.92 cents in free cash flow.
What is the current Forward P/E ratio for Enphase Energy Inc (ENPH) as of Jan 07 2026?
As of Jan 07 2026, Enphase Energy Inc (ENPH) has a Forward P/E ratio of 16.36. This means the market is willing to pay $16.36 for every dollar of Enphase Energy Inc’s expected earnings over the next 12 months.
What is the current Forward P/S ratio for Enphase Energy Inc (ENPH) as of Jan 07 2026?
As of Jan 07 2026, Enphase Energy Inc (ENPH) has a Forward P/S ratio of 3.66. This means the market is valuing ENPH at $3.66 for every dollar of expected revenue over the next 12 months.