Enersys
ENS Industrials Electrical Equipment & Parts
Enersys' revenue for fiscal 2026 (year ended March 2026) was $3.8 billion, up 3.70% from fiscal 2025. In the quarter to June 2026, revenue grew 4.77%, EPS grew 115.5%, free cash flow grew 881.1% and total debt fell 20.0%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.
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Enersys (ENS) Altman Z-score
Enersys's Altman Z-score for fiscal 2026 is 4.51, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 4.51 | 0.88 |
| FY2025 | 3.64 | (0.32) |
| FY2024 | 3.96 | 0.48 |
| FY2023 | 3.47 | 0.48 |
| FY2022 | 2.99 | (0.31) |
| FY2021 | 3.30 | 0.53 |
| FY2020 | 2.77 | (0.27) |
| FY2019 | 3.04 | (0.99) |
| FY2018 | 4.03 | (0.33) |
| FY2017 | 4.36 | 0.61 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.33 | — | 0.40 | |
| Retained earnings / total assets | 0.69 | — | 0.96 | |
| EBIT / total assets | 0.11 | — | 0.35 | |
| Market value of equity / total liabilities | 3.11 | — | 1.86 | |
| Sales / total assets | 0.94 | — | 0.94 | |
| Altman Z-score | Safe zone | 4.51 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 6.10 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| POWL Powell Industries, Inc. compare | 7.7× |
| PLPC Preformed Line Products Company compare | 6.4× |
| AEIS Advanced Energy Industries, Inc. compare | 5.8× |
| ENS Enersys | 4.5× |
| NVT nVent Electric PLC compare | 4.5× |
| ATKR Atkore Inc. compare | 2.8× |
| HAYW Hayward Holdings, Inc. compare | 2.5× |
| PLUG Plug Power, Inc. compare | −4.8× |
| AYI Acuity, Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets