ENPH Enphase Energy PE ratio, current and historical analysis
As at Feb 21, 2025, the ENPH stock has a PE ratio of 85.33. This is based on the current EPS of $0.76 and the stock price of $64.85 per share. A decrease of 32% has been seen in the P/E ratio compared to the average of 124.9 of the last 4 quarters.
ENPH PE ratio history
The mean historical PE ratio of Enphase Energy over the last six years is 101.53. The current 85.33 PE ratio is 16% below the historical average. Over the past six years, ENPH's PE ratio was at its highest in the Sep 2024 quarter at 245.7, with a price of $113.02 and an EPS of $0.46. The Mar 2020 quarter recorded the bottom point at 17.08, with a price of $32.29 and an EPS of $1.89.
Enphase Energy PE ratio by year
Maximum annual increase: 766.3% in 2020
Maximum annual decrease: -54.46% in 2023
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 90.37 | 120.2% | $68.68 | $0.76 |
| 2023 | 41.04 | -54.46% | $132.14 | $3.22 |
| 2022 | 90.12 | -46.3% | $264.96 | $2.94 |
| 2021 | 167.83 | 2.34% | $182.94 | $1.09 |
| 2020 | 163.99 | 766.3% | $175.47 | $1.07 |
| 2019 | 18.93 | N/A | $26.13 | $1.38 |
| 2018 | N/A | N/A | $4.73 | -$0.12 |
| 2017 | N/A | N/A | $2.41 | -$0.54 |
| 2016 | N/A | N/A | $1.01 | -$1.34 |
| 2015 | N/A | N/A | $3.51 | -$0.49 |
| 2014 | N/A | N/A | $14.29 | -$0.19 |
| 2013 | N/A | N/A | $6.34 | -$0.62 |
| 2012 | N/A | N/A | $3.65 | -$1.24 |
| 2011 | N/A | N/A | N/A | -$25.73 |
| 2010 | N/A | N/A | N/A | -$28.96 |
Enphase Energy PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Dec 2024 | 90.37 | -63.22% | $68.68 | $0.76 |
| Sep 2024 | 245.7 | 136.57% | $113.02 | $0.46 |
| Jun 2024 | 103.86 | 74.26% | $99.71 | $0.96 |
| Mar 2024 | 59.6 | 45.22% | $120.98 | $2.03 |
| Dec 2023 | 41.04 | 43.45% | $132.14 | $3.22 |
| Sep 2023 | 28.61 | -28.08% | $120.15 | $4.2 |
| Jun 2023 | 39.78 | -31.33% | $167.48 | $4.21 |
| Mar 2023 | 57.93 | -35.72% | $210.28 | $3.63 |
| Dec 2022 | 90.12 | -28.22% | $264.96 | $2.94 |
| Sep 2022 | 125.55 | -2.26% | $277.47 | $2.21 |
| Jun 2022 | 128.45 | -21.07% | $195.24 | $1.52 |
| Mar 2022 | 162.73 | -3.04% | $201.78 | $1.24 |
| Dec 2021 | 167.83 | 42.12% | $182.94 | $1.09 |
| Sep 2021 | 118.09 | -8.68% | $149.97 | $1.27 |
| Jun 2021 | 129.32 | -40.19% | $183.63 | $1.42 |
ENPH average PE ratio chart
The current PE ratio of ENPH is below the 3, 5 and 10-year averages.
ENPH PE vs peers
Compared to its peer stocks FSLR and CRUS, ENPH's PE ratio stands higher.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ASTI Ascent Solar Technologies Inc | 0 | $2.93M |
| FSLR First Solar Inc | 13.33 | $16.64B |
| CRUS Cirrus Logic Inc | 19 | $5.8B |
| ENPH Enphase Energy Inc | 85.33 | $8.59B |
| CEVA Ceva Inc | N/A | $814.89M |
Frequently asked questions
What is Enphase Energy's PE ratio?
The price to earnings ratio for ENPH stock as of Feb 21, 2025, stands at 85.33.
What is the 3-year average PE ratio for Enphase Energy (ENPH)?
Over the last 3 years, the average price to earnings ratio for ENPH stock is 97.81.
What is the 5-year average PE ratio for Enphase Energy (ENPH)?
Over the last 5 years, the average price to earnings ratio for ENPH stock is 103.78.
What is the highest PE ratio for ENPH?
The highest quarterly PE ratio in the last six years has been 245.7 and it was in the Sep 2024 quarter.
How does the current PE ratio for ENPH compare to its historical average?
ENPH's current price to earnings ratio is 16% below its 6-year historical average.
Why is Enphase Energy's PE ratio so high?
ENPH's PE ratio of 85.33 is considered high because the company's stock price is trading at a higher multiple of earnings.
How is ENPH's PE ratio calculated (Enphase Energy PE ratio formula)?
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Feb 21, 2025), Enphase Energy's stock price is $64.85. The earnings per share for the trailing twelve months (TTM) ending Dec 2024 is $0.76. Therefore, Enphase Energy's P/E ratio for today is 85.33. PE RATIO(85.33) = STOCK PRICE($64.85) / TTM EPS($0.76)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.