As at Jul 26, 2024, the ENPH stock has a PE ratio of 124.31. This is based on the current EPS of $0.96 and the stock price of $119.34 per share. An increase of 113% has been seen in the P/E ratio compared to the average of 58.3 of the last 4 quarters.
The mean historical PE ratio of Enphase Energy over the last six years is 95.2. The current 124.31 PE ratio is 31% above the historical average. Over the past six years, ENPH's PE ratio was at its highest in the Mar 2021 quarter at 216.21, with a price of $162.16 and an EPS of $0.75. The Mar 2020 quarter recorded the bottom point at 17.08, with a price of $32.29 and an EPS of $1.89.
Maximum annual increase: 766.3% in 2020
Maximum annual decrease: -54.46% in 2023
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 41.04 | -54.46% |
| 2022 | 90.12 | -46.3% |
| 2021 | 167.83 | 2.34% |
| 2020 | 163.99 | 766.3% |
| 2019 | 18.93 | N/A |
| 2018 | N/A | N/A |
| 2017 | N/A | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
| 2014 | N/A | N/A |
The current PE ratio of ENPH is greater than its 3, 5 and 10-year historical averages.
Compared to its peer stock FSLR, ENPH's PE ratio stands higher.
| Stock name | PE ratio | Market cap |
|---|---|---|
| FSLR First Solar Inc | 23.64 | $24.27B |
| ENPH Enphase Energy Inc | 124.31 | $16.16B |
| ASTI Ascent Solar Technologies Inc | N/A | $2.76M |
| SPWR Sunpower Corp | N/A | $147.3M |
The price to earnings ratio for ENPH stock as of Jul 26, 2024, stands at 124.31.
Over the last 3 years, the average price to earnings ratio for ENPH stock is 93.63.
Over the last 5 years, the average price to earnings ratio for ENPH stock is 90.85.
The highest quarterly PE ratio in the last six years has been 216.21 and it was in the Mar 2021 quarter.
ENPH's current price to earnings ratio is 31% above its 6-year historical average.
ENPH's PE ratio of 124.31 is considered high because the company's stock price is trading at a higher multiple of earnings.
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Jul 26, 2024), Enphase Energy's stock price is $119.34. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $0.96. Therefore, Enphase Energy's P/E ratio for today is 124.31. PE RATIO(124.31) = STOCK PRICE($119.34) / TTM EPS($0.96)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.