ENPH
Enphase Energy
PE ratio, current and historical analysis
- Stocks
- Technology
- NASDAQ: ENPH
- PE Ratio
As at Aug 4, 2026, the ENPH stock has a PE ratio of 41.36. This is based on the current EPS of $1.01 and the stock price of $41.77 per share. An increase of 23% has been seen in the P/E ratio compared to the average of 33.6 of the last 4 quarters.
ENPH PE ratio history
The mean historical PE ratio of Enphase Energy over the last eight years is 88.13. The current 41.36 PE ratio is 53% below the historical average. Over the past eight 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: -72.92% in 2025
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 24.47 | -72.92% | $32.05 | $1.31 |
| 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 |
Enphase Energy PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jun 2026 | 48.75 | 31.51% | $49.24 | $1.01 |
| Mar 2026 | 37.07 | 51.49% | $37.81 | $1.02 |
| Dec 2025 | 24.47 | 2.34% | $32.05 | $1.31 |
| Sep 2025 | 23.91 | -21.01% | $35.39 | $1.48 |
| Jun 2025 | 30.27 | -45.85% | $39.65 | $1.31 |
| Mar 2025 | 55.9 | -38.14% | $62.05 | $1.11 |
| 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 |
ENPH Price vs fair value
ENPH average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of ENPH is below the 3, 5 and 10-year averages.
PE comparison
Enphase Energy's P/E of 41.36 is above the Technology sector and the industry average. Compared to its Technology sector average of 35.81, Enphase Energy's P/E is 15% higher.
ENPH PE vs peers
Compared to its peer stocks FSLR and CRUS, ENPH's PE ratio stands higher.
| Stock name | PE ratio | Market cap |
|---|---|---|
| FSLR First Solar Inc | 14.56 | $25.45B |
| CRUS Cirrus Logic Inc | 15.74 | $6.45B |
| ENPH Enphase Energy Inc | 38.55 | $5.15B |
| ASTI Ascent Solar Technologies Inc | N/A | $30.7M |
| CEVA Ceva Inc | N/A | $954.18M |
Frequently asked questions
What is Enphase Energy's PE ratio?
The price to earnings ratio for ENPH stock as of Aug 4, 2026, stands at 41.36.
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 65.8.
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 84.0.
What is the highest PE ratio for ENPH?
The highest quarterly PE ratio in the last eight 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 53% below its 8-year historical average.
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 (Aug 4, 2026), Enphase Energy's stock price is $41.77. The earnings per share for the trailing twelve months (TTM) ending Jun 2026 is $1.01. Therefore, Enphase Energy's P/E ratio for today is 41.36. PE RATIO(41.36) = STOCK PRICE($41.77) / TTM EPS($1.01)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.