(ENPH) Enphase Energy - Ratings and Ratios
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US29355A1079
Microinverter, Battery, Gateway, Monitoring
EPS (Earnings per Share)
Revenue
Dividends
Currently no dividends paid| Risk via 5d forecast | |
|---|---|
| Volatility | 63.1% |
| Value at Risk 5%th | 91.8% |
| Relative Tail Risk | -11.49% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.38 |
| Alpha | -51.45 |
| CAGR/Max DD | -0.49 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.365 |
| Beta | 1.107 |
| Beta Downside | 1.291 |
| Drawdowns 3y | |
|---|---|
| Max DD | 88.57% |
| Mean DD | 56.48% |
| Median DD | 54.18% |
Description: ENPH Enphase Energy January 08, 2026
Enphase Energy Inc. (NASDAQ: ENPH) designs, manufactures, and sells semiconductor-based microinverters and a suite of complementary hardware and software solutions-including IQ Battery storage, IQ Gateway, cloud-based Enlighten monitoring, and EV charging systems-to the residential solar photovoltaic market in the U.S. and abroad. Its business model spans distribution through solar wholesalers, direct sales to large installers and OEMs, and a legacy-product upgrade program that drives recurring revenue.
Key recent metrics: Q4 2023 revenue rose 23% YoY to $617 million, with a gross margin of 44% and an installed-base of ~13 GW of microinverters worldwide. The residential solar segment is benefitting from a 9% CAGR in U.S. rooftop installations (2021-2025 forecast) and from state-level net-metering policies that improve the economics of behind-the-meter storage-both of which underpin Enphase’s battery-plus-inverter growth trajectory.
For a deeper dive into ENPH’s valuation metrics, the ValueRay platform offers a transparent, data-driven view.
Piotroski VR‑10 (Strict, 0-10) 7.5
| Net Income: 195.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -3.76 > 1.0 |
| NWC/Revenue: 80.71% < 20% (prev 143.4%; Δ -62.73% < -1%) |
| CFO/TA 0.08 > 3% & CFO 256.3m > Net Income 195.6m |
| Net Debt (807.5m) to EBITDA (320.6m): 2.52 < 3 |
| Current Ratio: 2.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (133.0m) vs 12m ago -4.95% < -2% |
| Gross Margin: 48.48% > 18% (prev 0.46%; Δ 4802 % > 0.5%) |
| Asset Turnover: 45.94% > 50% (prev 38.30%; Δ 7.63% > 0%) |
| Interest Coverage Ratio: 40.67 > 6 (EBITDA TTM 320.6m / Interest Expense TTM 5.94m) |
Altman Z'' 2.56
| A: 0.37 (Total Current Assets 2.39b - Total Current Liabilities 1.17b) / Total Assets 3.32b |
| B: -0.07 (Retained Earnings -242.6m / Total Assets 3.32b) |
| C: 0.07 (EBIT TTM 241.8m / Avg Total Assets 3.29b) |
| D: -0.10 (Book Value of Equity -239.3m / Total Liabilities 2.33b) |
| Altman-Z'' Score: 2.56 = A |
Beneish M -2.94
| DSRI: 0.95 (Receivables 265.5m/232.2m, Revenue 1.51b/1.25b) |
| GMI: 0.95 (GM 48.48% / 46.19%) |
| AQI: 1.08 (AQ_t 0.24 / AQ_t-1 0.22) |
| SGI: 1.21 (Revenue 1.51b / 1.25b) |
| TATA: -0.02 (NI 195.6m - CFO 256.3m) / TA 3.32b) |
| Beneish M-Score: -2.94 = A |
ValueRay F-Score (Strict, 0-100) 56.70
| 1. Piotroski: 7.50pt |
| 2. FCF Yield: 5.04% |
| 3. FCF Margin: 14.37% |
| 4. Debt/Equity: 1.22 |
| 5. Debt/Ebitda: 2.52 |
| 6. ROIC - WACC: 2.01% |
| 7. RoE: 22.23% |
| 8. Revenue Trend: -51.03% |
| 9. EPS Trend: -65.28% |
What is the price of ENPH shares?
As of January 25, 2026, the stock is trading at USD 39.46 with a total of 9,040,647 shares traded.
Over the past week, the price has changed by +12.81%, over one month by +22.47%, over three months by +10.72% and over the past year by -38.62%.
Over the past week, the price has changed by +12.81%, over one month by +22.47%, over three months by +10.72% and over the past year by -38.62%.
Is ENPH a buy, sell or hold?
Enphase Energy has received a consensus analysts rating of 3.45.
Therefor, it is recommend to hold ENPH.
- Strong Buy: 11
- Buy: 5
- Hold: 19
- Sell: 1
- Strong Sell: 4
What are the forecasts/targets for the ENPH price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 38.5 | -2.4% |
| Analysts Target Price | 38.5 | -2.4% |
| ValueRay Target Price | 28.7 | -27.3% |
ENPH Fundamental Data Overview January 20, 2026
P/E Trailing = 23.9589
P/E Forward = 18.2149
P/S = 3.0267
P/B = 4.6004
P/EG = 0.9848
Revenue TTM = 1.51b USD
EBIT TTM = 241.8m USD
EBITDA TTM = 320.6m USD
Long Term Debt = 571.9m USD (from longTermDebt, last quarter)
Short Term Debt = 637.5m USD (from shortTermDebt, last quarter)
Debt = 1.21b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 807.5m USD (from netDebt column, last quarter)
Enterprise Value = 4.31b USD (4.58b + Debt 1.21b - CCE 1.48b)
Interest Coverage Ratio = 40.67 (Ebit TTM 241.8m / Interest Expense TTM 5.94m)
EV/FCF = 19.83x (Enterprise Value 4.31b / FCF TTM 217.3m)
FCF Yield = 5.04% (FCF TTM 217.3m / Enterprise Value 4.31b)
FCF Margin = 14.37% (FCF TTM 217.3m / Revenue TTM 1.51b)
Net Margin = 12.93% (Net Income TTM 195.6m / Revenue TTM 1.51b)
Gross Margin = 48.48% ((Revenue TTM 1.51b - Cost of Revenue TTM 779.1m) / Revenue TTM)
Gross Margin QoQ = 47.81% (prev 46.95%)
Tobins Q-Ratio = 1.30 (Enterprise Value 4.31b / Total Assets 3.32b)
Interest Expense / Debt = 0.07% (Interest Expense 830.0k / Debt 1.21b)
Taxrate = 13.48% (10.4m / 77.0m)
NOPAT = 209.2m (EBIT 241.8m * (1 - 13.48%))
Current Ratio = 2.04 (Total Current Assets 2.39b / Total Current Liabilities 1.17b)
Debt / Equity = 1.22 (Debt 1.21b / totalStockholderEquity, last quarter 995.0m)
Debt / EBITDA = 2.52 (Net Debt 807.5m / EBITDA 320.6m)
Debt / FCF = 3.72 (Net Debt 807.5m / FCF TTM 217.3m)
Total Stockholder Equity = 879.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.94% (Net Income 195.6m / Total Assets 3.32b)
RoE = 22.23% (Net Income TTM 195.6m / Total Stockholder Equity 879.8m)
RoCE = 16.65% (EBIT 241.8m / Capital Employed (Equity 879.8m + L.T.Debt 571.9m))
RoIC = 9.93% (NOPAT 209.2m / Invested Capital 2.11b)
WACC = 7.91% (E(4.58b)/V(5.79b) * Re(9.99%) + D(1.21b)/V(5.79b) * Rd(0.07%) * (1-Tc(0.13)))
Discount Rate = 9.99% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.26%
[DCF Debug] Terminal Value 78.53% ; FCFF base≈264.9m ; Y1≈266.9m ; Y5≈286.9m
Fair Price DCF = 32.98 (EV 5.12b - Net Debt 807.5m = Equity 4.32b / Shares 130.9m; r=7.91% [WACC]; 5y FCF grow 0.34% → 2.90% )
EPS Correlation: -65.28 | EPS CAGR: -46.38% | SUE: -4.0 | # QB: 0
Revenue Correlation: -51.03 | Revenue CAGR: -0.15% | SUE: 4.0 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.38 | Chg30d=+0.000 | Revisions Net=-15 | Analysts=19
EPS next Year (2026-12-31): EPS=2.10 | Chg30d=+0.000 | Revisions Net=-3 | Growth EPS=-23.9% | Growth Revenue=-16.2%
P/E Forward = 18.2149
P/S = 3.0267
P/B = 4.6004
P/EG = 0.9848
Revenue TTM = 1.51b USD
EBIT TTM = 241.8m USD
EBITDA TTM = 320.6m USD
Long Term Debt = 571.9m USD (from longTermDebt, last quarter)
Short Term Debt = 637.5m USD (from shortTermDebt, last quarter)
Debt = 1.21b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 807.5m USD (from netDebt column, last quarter)
Enterprise Value = 4.31b USD (4.58b + Debt 1.21b - CCE 1.48b)
Interest Coverage Ratio = 40.67 (Ebit TTM 241.8m / Interest Expense TTM 5.94m)
EV/FCF = 19.83x (Enterprise Value 4.31b / FCF TTM 217.3m)
FCF Yield = 5.04% (FCF TTM 217.3m / Enterprise Value 4.31b)
FCF Margin = 14.37% (FCF TTM 217.3m / Revenue TTM 1.51b)
Net Margin = 12.93% (Net Income TTM 195.6m / Revenue TTM 1.51b)
Gross Margin = 48.48% ((Revenue TTM 1.51b - Cost of Revenue TTM 779.1m) / Revenue TTM)
Gross Margin QoQ = 47.81% (prev 46.95%)
Tobins Q-Ratio = 1.30 (Enterprise Value 4.31b / Total Assets 3.32b)
Interest Expense / Debt = 0.07% (Interest Expense 830.0k / Debt 1.21b)
Taxrate = 13.48% (10.4m / 77.0m)
NOPAT = 209.2m (EBIT 241.8m * (1 - 13.48%))
Current Ratio = 2.04 (Total Current Assets 2.39b / Total Current Liabilities 1.17b)
Debt / Equity = 1.22 (Debt 1.21b / totalStockholderEquity, last quarter 995.0m)
Debt / EBITDA = 2.52 (Net Debt 807.5m / EBITDA 320.6m)
Debt / FCF = 3.72 (Net Debt 807.5m / FCF TTM 217.3m)
Total Stockholder Equity = 879.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.94% (Net Income 195.6m / Total Assets 3.32b)
RoE = 22.23% (Net Income TTM 195.6m / Total Stockholder Equity 879.8m)
RoCE = 16.65% (EBIT 241.8m / Capital Employed (Equity 879.8m + L.T.Debt 571.9m))
RoIC = 9.93% (NOPAT 209.2m / Invested Capital 2.11b)
WACC = 7.91% (E(4.58b)/V(5.79b) * Re(9.99%) + D(1.21b)/V(5.79b) * Rd(0.07%) * (1-Tc(0.13)))
Discount Rate = 9.99% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.26%
[DCF Debug] Terminal Value 78.53% ; FCFF base≈264.9m ; Y1≈266.9m ; Y5≈286.9m
Fair Price DCF = 32.98 (EV 5.12b - Net Debt 807.5m = Equity 4.32b / Shares 130.9m; r=7.91% [WACC]; 5y FCF grow 0.34% → 2.90% )
EPS Correlation: -65.28 | EPS CAGR: -46.38% | SUE: -4.0 | # QB: 0
Revenue Correlation: -51.03 | Revenue CAGR: -0.15% | SUE: 4.0 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.38 | Chg30d=+0.000 | Revisions Net=-15 | Analysts=19
EPS next Year (2026-12-31): EPS=2.10 | Chg30d=+0.000 | Revisions Net=-3 | Growth EPS=-23.9% | Growth Revenue=-16.2%
Additional Sources for ENPH Stock
News:
Wall Street Journal |
Benzinga |
Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle