Enphase Energy Inc
Research Enphase Energy Inc (ENPH) on Bullrun: valuation model: 2.1% overvalued, market cap USD 4.34B, P/E 32.5. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerENPH
- ExchangeNASDAQ
- CountryUnited States
- SectorTechnology
- IndustrySolar
- CurrencyUSD
- Valuation signal2.1% overvalued
- Market capUSD 4.34B
- P/E32.5
- Financial periodQ2 2026
- RevenueUSD 291.85M
- Net incomeUSD 36.08M
- Free cash flowUSD 25.93M
- Gross margin60.0%
Valuation Snapshot
Bullrun's latest valuation model marks Enphase Energy Inc as 2.1% overvalued; latest market cap is USD 4.34B; P/E is 32.5.
Peer valuation comparison
Latest P/E is 32.51x versus a Technology sector median of 28.78x (13.0% above).
Latest P/E is 32.51x versus a United States median of 23.85x (36.3% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 1.47B | USD 172.13M | USD 95.90M | 46.6% | 1.29 | USD 474.32M | USD 1.20B | USD 1.09B |
| FY2024 | USD 1.33B | USD 102.66M | USD 480.09M | 47.3% | 0.75 | USD 369.11M | USD 1.30B | USD 833.02M |
| FY2023 | USD 2.29B | USD 438.94M | USD 586.38M | 46.2% | 3.08 | USD 288.75M | USD 1.29B | USD 983.62M |
| FY2022 | USD 2.33B | USD 397.36M | USD 698.37M | 41.8% | 2.77 | USD 473.24M | USD 1.29B | USD 825.57M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 4.34B | 32.5 | n/a | n/a |
| 2025 | 2025-12-31 | USD 4.20B | 24.8 | n/a | n/a |
| 2024 | 2024-12-31 | USD 9.10B | 92.8 | n/a | n/a |
| 2023 | 2023-12-29 | USD 18.04B | 33.3 | n/a | n/a |
| 2022 | 2022-12-30 | USD 36.01B | 128.0 | n/a | n/a |
| 2021 | 2021-12-31 | USD 24.49B | 179.4 | n/a | n/a |
About Enphase Energy Inc
Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control. It also provides microinverter units and related accessories; IQ Battery and related accessories;
ETFs that hold Enphase Energy Inc
Enphase Energy Inc is one of the ten largest holdings of 7 ETFs that investors in Europe can buy, most traded first:
| ETF | Weight | TER |
|---|---|---|
| iShares Global Clean Energy Transition UCITS ETF USD (Dist) | 4.60% | 0.65% |
| Invesco Solar Energy UCITS ETF | 7.13% | 0.69% |
| iShares Global Clean Energy Transition UCITS ETF USD (Acc) | 4.60% | 0.65% |
| Global X CleanTech UCITS ETF USD Acc | 4.28% | 0.50% |
| Global X Solar UCITS ETF USD Acc | 3.38% | 0.50% |
| Fidelity Clean Energy UCITS ETF USD Acc | 2.79% | 0.50% |
| Circa5000 Green Energy & Technology UCITS ETF Class USD Accumulating Shares | 2.37% | 0.49% |
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Frequently asked questions
Is Enphase Energy Inc overvalued or undervalued?
Bullrun's valuation model currently marks Enphase Energy Inc as 2.1% overvalued.
What is Enphase Energy Inc's market cap?
Enphase Energy Inc's market capitalization is USD 4.34B.
What is Enphase Energy Inc's P/E ratio?
Enphase Energy Inc's price-to-earnings (P/E) ratio is 32.5.
What does Enphase Energy Inc do?
Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.