Friday 6 November 2026 Export ENPH’s income statement to Excel — free account

Enphase Energy, Inc.

ENPH Technology Solar

Enphase Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, up 10.7% from fiscal 2024.

Revenue: −28.5%
EPS: −65.3%
Free cash flow: −293.2%
Total debt: −52.4%

Quarter to September 2026, against a year earlier

Insider buying

28.17 0.80 −2.76%

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Market cap: $3.8B
P/E: 42.5×
Fwd P/E: 82.4×
Dividend yield: —
F-score: 6/9
Altman Z: 1.99
Beneish M: −2.40
Dividend safety: n/a

Overview

Enphase Energy, Inc. (ENPH) P/E ratio

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As of 5 November 2026, Enphase Energy, Inc. (ENPH) trades at a P/E ratio of 42.5×. Over the past ten years it has ranged from 0.0× (June 2019) to 348× (August 2019); the current reading is higher than 59% of that period. That is above the Solar industry median of 11.4× and above the Technology sector median of 25.7×.

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<iframe src="https://stockrow.com/embed/ENPH/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Enphase Energy, Inc. P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/ENPH/metrics/pe-ratio">Enphase Energy, Inc. (ENPH) P/E ratio — stockrow.com</a></p>

Period	P/E ratio	Change
FY2025	24.3×	(73.13%)
FY2024	90.4×	121.03%
FY2023	40.9×	(52.55%)
FY2022	86.2×	(49.13%)
FY2021	169×	2.33%
FY2020	166×	736.24%
FY2019	19.8×	—
FY2018	0.0×	—
FY2017	0.0×	—
FY2016	0.0×	—

Period	P/E ratio	Change
Sep 2026	48.0×	(0.51%)
Jun 2026	48.3×	31.51%
Mar 2026	36.7×	51.19%
Dec 2025	24.3×	1.54%
43 more quarters	Free account

Against its own ten years

Low 0.0× High 348×

Ten-year median 31.6×

Current reading's percentile 34

Company	P/E ratio
JKS Jinko Holdings Limited - Unsponsored ADR compare	n/m
DQ DAQO New Energy Corp. compare	n/m
SEDG SolarEdge Technologies, Inc. compare	n/m
ARRY Array Technologies, Inc. compare	n/m
RUN Sunrun Inc. compare	4.4×
FSLR First Solar, Inc. compare	11.4×
NXT Nextpower Inc. compare	24.5×
SHLS Shoals Technologies Group, Inc. compare	40.0×
ENPH Enphase Energy, Inc.	42.5×
Solar industry median	11.4×
Technology sector median	25.7×
Market median	17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

Enphase Energy, Inc. (ENPH) P/E ratio

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on ENPH

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on ENPH

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