ENPH PE Ratio & Valuation,Is ENPH Overvalued

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 15.60 is considered Undervalued compared with the five-year average of 43.29. The fair price of Enphase Energy Inc (ENPH) is between 55.33 to 127.16 according to relative valuation methord. Compared to the current price of 32.18 USD , Enphase Energy Inc is Undervalued By 41.83%.

Relative Value

Fair Zone

55.33-127.16

Current Price：32.18

41.83%

Undervalued

15.60

12.97

EV/EBITDA

Enphase Energy Inc. (ENPH) has a current EV/EBITDA of 12.97. The 5-year average EV/EBITDA is 34.57. The thresholds are as follows: Strongly Undervalued below -0.30, Undervalued between -0.30 and 17.13, Fairly Valued between 52.00 and 17.13, Overvalued between 52.00 and 69.44, and Strongly Overvalued above 69.44. The current Forward EV/EBITDA of 12.97 falls within the Undervalued range.

-853.34

EV/EBIT

Enphase Energy Inc. (ENPH) has a current EV/EBIT of -853.34. The 5-year average EV/EBIT is 26.79. The thresholds are as follows: Strongly Undervalued below -426.14, Undervalued between -426.14 and -199.68, Fairly Valued between 253.26 and -199.68, Overvalued between 253.26 and 479.73, and Strongly Overvalued above 479.73. The current Forward EV/EBIT of -853.34 falls within the Strongly Undervalued range.

3.49

Enphase Energy Inc. (ENPH) has a current PS of 3.49. The 5-year average PS is 10.18. The thresholds are as follows: Strongly Undervalued below 1.66, Undervalued between 1.66 and 5.92, Fairly Valued between 14.44 and 5.92, Overvalued between 14.44 and 18.70, and Strongly Overvalued above 18.70. The current Forward PS of 3.49 falls within the Undervalued range.

11.32

P/OCF

Enphase Energy Inc. (ENPH) has a current P/OCF of 11.32. The 5-year average P/OCF is 39.11. The thresholds are as follows: Strongly Undervalued below -3.46, Undervalued between -3.46 and 17.83, Fairly Valued between 60.39 and 17.83, Overvalued between 60.39 and 81.67, and Strongly Overvalued above 81.67. The current Forward P/OCF of 11.32 falls within the Undervalued range.

14.79

P/FCF

Enphase Energy Inc. (ENPH) has a current P/FCF of 14.79. The 5-year average P/FCF is 47.27. The thresholds are as follows: Strongly Undervalued below -14.35, Undervalued between -14.35 and 16.46, Fairly Valued between 78.08 and 16.46, Overvalued between 78.08 and 108.88, and Strongly Overvalued above 108.88. The current Forward P/FCF of 14.79 falls within the Undervalued range.

Enphase Energy Inc (ENPH) has a current Price-to-Book (P/B) ratio of 4.23. Compared to its 3-year average P/B ratio of 16.30 , the current P/B ratio is approximately -74.04% higher. Relative to its 5-year average P/B ratio of 31.12, the current P/B ratio is about -86.40% higher. Enphase Energy Inc (ENPH) has a Forward Free Cash Flow (FCF) yield of approximately 5.16%. Compared to its 3-year average FCF yield of 4.39%, the current FCF yield is approximately 17.41% lower. Relative to its 5-year average FCF yield of 3.10% , the current FCF yield is about 66.20% lower.

4.23

P/B

Median3y

16.30

Median5y

31.12

5.16

FCF Yield

Median3y

4.39

Median5y

3.10

Competitors Valuation Multiple

The average P/S ratio for ENPH's competitors is 5.17, providing a benchmark for relative valuation. Enphase Energy Inc Corp (ENPH) exhibits a P/S ratio of 3.49, which is -32.5% above the industry average. Given its robust revenue growth of 7.76%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of ENPH decreased by 53.15% 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.

7.76%

380.87M → 410.43M

Revenue Growth

35.11%

12.02 → 16.24

Margin Expansion

-96.02%

560.80 → 22.32

P/E Change

-53.15%

68.68 → 32.18

Mkt Cap Growth

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Frequently Asked Questions

Is Enphase Energy Inc (ENPH) currently overvalued or undervalued?

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 55.33 to 127.16 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 5.17, providing a benchmark for relative valuation. Enphase Energy Inc Corp (ENPH) exhibits a P/S ratio of 3.49, which is -32.50% 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 Dec 15 2025?

As of Dec 15 2025, Enphase Energy Inc (ENPH) has a P/B ratio of 4.23. This indicates that the market values ENPH at 4.23 times its book value.

What is the current FCF Yield for Enphase Energy Inc (ENPH) as of Dec 15 2025?

As of Dec 15 2025, Enphase Energy Inc (ENPH) has a FCF Yield of 5.16%. This means that for every dollar of Enphase Energy Inc’s market capitalization, the company generates 5.16 cents in free cash flow.

What is the current Forward P/E ratio for Enphase Energy Inc (ENPH) as of Dec 15 2025?

As of Dec 15 2025, Enphase Energy Inc (ENPH) has a Forward P/E ratio of 15.60. This means the market is willing to pay $15.60 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 Dec 15 2025?

As of Dec 15 2025, Enphase Energy Inc (ENPH) has a Forward P/S ratio of 3.49. This means the market is valuing ENPH at $3.49 for every dollar of expected revenue over the next 12 months.

ENPH Valuation