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Enphase Energy, Inc. (ENPH)
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Enphase Energy, Inc. (ENPH) EV/EBITDA Ratio: 35.25x

Is Enphase Energy, Inc.’s EV/EBITDA ratio high or low?

Enphase Energy, Inc.'s EV/EBITDA ratio of 35.25x is 48% below its 5-year average of 67.54x, near the low end of its 5-year range (13.43x–257.24x).

As of Monday, June 15, 2026. 78.24% above its 12-month average of 19.78x.

ENPH EV/EBITDA Ratio Chart

ENPH EV/EBITDA Ratio
35.25x+30.41% 1Y
Zoom

ENPH Average EV/EBITDA Ratio Chart

ENPH Current vs Average EV/EBITDA Ratio Chart

ENPH EV/EBITDA Ratio Metrics

EV/EBITDA RATIO

35.25x

EV/EBITDA RATIO AVG TTM

19.78x

EV/EBITDA RATIO AVG 3Y

34.84x

EV/EBITDA RATIO AVG 5Y

64.15x

EV/EBITDA RATIO AVG 10Y

80.59x

EV/EBITDA RATIO AVG 15Y

N/A

EV/EBITDA RATIO AVG 20Y

N/A

CURRENT VS TTM AVG

+78.24%

CURRENT VS 3Y AVG

+1.18%

CURRENT VS 5Y AVG

-45.05%

CURRENT VS 10Y AVG

-56.26%

CURRENT VS 15Y AVG

N/A

CURRENT VS 20Y AVG

N/A

ENPH Competitors' EV/EBITDA Ratio

NAMEMARKET CAPEV/EBITDA RATIOTTM3Y5Y
Enphase Energy, Inc. (ENPH)$7.19B35.25x19.78x34.84x64.15x
Weatherford International plc (WFRD)vs ›$7.29B8.12x6.61x7.34x8.64x
California Resources Corporation (CRC)vs ›$5.20B20.88x5.95x4.88x4.36x
Antero Midstream Corporation (AM)vs ›$10.29B14.51x12.51x11.53x10.92x
Helmerich & Payne, Inc. (HP)vs ›$3.92B11.12x7.31x5.45x66.75x
Emeren Group, Ltd. (SOL)vs ›$995.64MN/A14.14x55.68x42.68x
enCore Energy Corp. (EU)vs ›$264.16MN/A1.99x1.55x1.55x
Venture Global, Inc. (VG)vs ›$31.94B11.63x13.02x14.47x14.47x
EQT Corporation (EQT)vs ›$32.49B4.97x8.02x7.89x9.96x
Occidental Petroleum Corporation (OXY)vs ›$56.24B5.96x5.57x5.27x5.54x

EV/EBITDA vs. its own history

At 35.3, EV/EBITDA is cheaper than usual, sitting higher than 29% of its 11-year history.

11-year low

12.3

median

70.8

11-year high

295.2

cheaperricher

Enphase Energy, Inc. EV/EBITDA Ratio Formula & Definition

EV/EBITDA = Enterprise Value / EBITDA (TTM)

Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Enphase Energy, Inc. EV/EBITDA Ratio FAQ

What is the EV/EBITDA ratio for Enphase Energy, Inc. (ENPH)?
The EV/EBITDA ratio for ENPH stock is 35.25x.
Is Enphase Energy, Inc.'s EV/EBITDA ratio high or low?
Enphase Energy, Inc.'s EV/EBITDA ratio of 35.25x is 48% below its 5-year average of 67.54x, near the low end of its 5-year range (13.43x–257.24x).
What is the TTM average EV/EBITDA ratio for Enphase Energy, Inc. (ENPH)?
The TTM average EV/EBITDA ratio for ENPH stock is 19.78x.
What is the 3Y average EV/EBITDA ratio for Enphase Energy, Inc. (ENPH)?
The 3Y average EV/EBITDA ratio for ENPH stock is 34.84x.
What is the 5Y average EV/EBITDA ratio for Enphase Energy, Inc. (ENPH)?
The 5Y average EV/EBITDA ratio for ENPH stock is 64.15x.
What is the 10Y average EV/EBITDA ratio for Enphase Energy, Inc. (ENPH)?
The 10Y average EV/EBITDA ratio for ENPH stock is 80.59x.

Enphase Energy, Inc. EV/EBITDA Ratio History

DATEEV/EBITDA RATIO
2026-06-1235.25x
2026-06-1135.47x
2026-06-1032.70x
2026-06-0934.57x
2026-06-0836.71x
2026-06-0536.19x
2026-06-0444.02x
2026-06-0344.42x
2026-06-0246.53x
2026-06-0141.07x
2026-05-2944.01x
2026-05-2844.73x
2026-05-2745.23x
2026-05-2643.08x
2026-05-2241.25x
2026-05-2140.18x
2026-05-2034.34x
2026-05-1930.28x
2026-05-1832.14x
2026-05-1534.17x
2026-05-1431.07x
2026-05-1327.25x
2026-05-1224.38x
2026-05-1124.49x
2026-05-0823.72x
2026-05-0723.10x
2026-05-0623.31x
2026-05-0523.45x
2026-05-0421.24x
2026-05-0122.07x
2026-04-3021.50x
2026-04-2920.38x
2026-04-2822.36x
2026-04-2718.90x
2026-04-2419.14x
2026-04-2319.32x
2026-04-2218.95x
2026-04-2118.14x
2026-04-2018.26x
2026-04-1717.62x
2026-04-1617.38x
2026-04-1517.48x
2026-04-1417.39x
2026-04-1317.10x
2026-04-1017.02x
2026-04-0917.05x
2026-04-0817.65x
2026-04-0717.41x
2026-04-0618.15x
2026-04-0218.75x
2026-04-0120.30x
2026-03-3120.09x
2026-03-3019.08x
2026-03-2720.10x
2026-03-2621.18x
2026-03-2522.27x
2026-03-2421.55x
2026-03-2321.45x
2026-03-2023.01x
2026-03-1923.25x
2026-03-1822.62x
2026-03-1723.28x
2026-03-1623.83x
2026-03-1322.99x
2026-03-1222.31x
2026-03-1122.65x
2026-03-1022.76x
2026-03-0921.50x
2026-03-0621.21x
2026-03-0521.63x
2026-03-0422.33x
2026-03-0322.58x
2026-03-0223.28x
2026-02-2722.15x
2026-02-2623.78x
2026-02-2525.04x
2026-02-2425.61x
2026-02-2324.53x
2026-02-2024.14x
2026-02-1923.07x
2026-02-1823.90x
2026-02-1723.71x
2026-02-1322.72x
2026-02-1220.90x
2026-02-1122.60x
2026-02-1023.44x
2026-02-0923.46x
2026-02-0623.25x
2026-02-0522.20x
2026-02-0424.03x
2026-02-0318.06x
2026-02-0217.72x
2026-01-3017.93x
2026-01-2918.46x
2026-01-2819.38x
2026-01-2719.16x
2026-01-2618.94x
2026-01-2318.96x
2026-01-2219.38x
2026-01-2117.51x
2026-01-2016.91x
2026-01-1617.10x
2026-01-1517.26x
2026-01-1417.58x
2026-01-1317.68x
2026-01-1217.81x
2026-01-0917.20x
2026-01-0817.29x
2026-01-0716.98x
2026-01-0617.01x
2026-01-0516.70x
2026-01-0216.59x
2025-12-3115.89x
2025-12-3015.95x
2025-12-2916.34x
2025-12-2616.28x
2025-12-2416.22x
2025-12-2315.96x
2025-12-2216.49x
2025-12-1916.39x
2025-12-1816.26x
2025-12-1715.71x
2025-12-1615.81x
2025-12-1515.61x
2025-12-1215.94x
2025-12-1116.29x
2025-12-1016.19x
2025-12-0915.68x
2025-12-0815.55x
2025-12-0515.56x
2025-12-0415.35x
2025-12-0314.78x
2025-12-0214.67x
2025-12-0114.45x
2025-11-2814.56x
2025-11-2614.13x
2025-11-2514.09x
2025-11-2413.70x
2025-11-2113.76x
2025-11-2013.43x
2025-11-1913.75x
2025-11-1814.04x
2025-11-1714.01x
2025-11-1414.49x
2025-11-1314.59x
2025-11-1215.33x
2025-11-1115.39x
2025-11-1016.22x
2025-11-0715.13x
2025-11-0615.52x
2025-11-0515.95x
2025-11-0414.63x
2025-11-0314.83x
2025-10-3115.25x
2025-10-3015.09x
2025-10-2915.51x
2025-10-2817.82x
2025-10-2719.63x
2025-10-2419.36x
2025-10-2319.09x
2025-10-2219.29x
2025-10-2119.75x
2025-10-2019.97x
2025-10-1719.51x
2025-10-1619.97x
2025-10-1519.96x
2025-10-1419.46x
2025-10-1318.72x
2025-10-1018.47x
2025-10-0919.58x
2025-10-0819.27x
2025-10-0719.38x
2025-10-0619.78x
2025-10-0319.62x
2025-10-0220.05x
2025-10-0119.72x
2025-09-3018.98x
2025-09-2919.29x
2025-09-2619.48x
2025-09-2519.75x
2025-09-2420.16x
2025-09-2319.88x
2025-09-2221.30x
2025-09-1920.36x
2025-09-1820.37x
2025-09-1720.49x
2025-09-1620.62x
2025-09-1520.16x
2025-09-1220.00x
2025-09-1119.86x
2025-09-1019.77x
2025-09-0920.14x
2025-09-0820.53x
2025-09-0520.92x
2025-09-0419.49x
2025-09-0319.75x
2025-09-0219.70x
2025-08-2920.03x
2025-08-2819.97x
2025-08-2719.97x
2025-08-2620.15x
2025-08-2520.27x
2025-08-2220.25x
2025-08-2118.61x
2025-08-2019.11x
2025-08-1919.36x
2025-08-1819.15x
2025-08-1518.73x
2025-08-1417.54x
2025-08-1318.45x
2025-08-1218.15x
2025-08-1117.70x
2025-08-0817.64x
2025-08-0717.34x
2025-08-0616.58x
2025-08-0517.40x
2025-08-0417.30x
2025-08-0117.18x
2025-07-3117.60x
2025-07-3018.08x
2025-07-2918.11x
2025-07-2818.78x
2025-07-2518.99x
2025-07-2419.04x
2025-07-2319.48x
2025-07-2222.21x
2025-07-2124.37x
2025-07-1824.32x
2025-07-1723.88x
2025-07-1624.03x
2025-07-1524.68x
2025-07-1425.59x
2025-07-1125.53x
2025-07-1026.11x
2025-07-0926.05x
2025-07-0825.04x
2025-07-0725.84x
2025-07-0325.90x
2025-07-0225.06x
2025-07-0125.03x
2025-06-3024.36x
2025-06-2725.01x
2025-06-2626.13x
2025-06-2523.55x
2025-06-2423.69x
2025-06-2321.67x
2025-06-2022.35x
2025-06-1822.63x
2025-06-1721.86x
2025-06-1627.68x
2025-06-1327.50x
2025-06-1227.03x
2025-06-1127.33x
2025-06-1027.23x
2025-06-0926.27x
2025-06-0625.17x
2025-06-0525.23x
2025-06-0426.21x
2025-06-0326.52x
2025-06-0225.24x

Showing the most recent 260 of 2,160 data points. The chart above shows the full history.

About Enphase Energy, Inc.

Enphase Energy, Inc., along with its subsidiaries, is dedicated to developing, manufacturing, and distributing home energy solutions for the global solar photovoltaic industry. Their core offering is a semiconductor-based microinverter, designed to convert energy at the individual solar module level. This technology seamlessly integrates with their proprietary networking and software, providing advanced energy monitoring and control capabilities. The company's product portfolio also includes AC battery storage systems, the Envoy communications gateway, the cloud-based Enlighten monitoring service, and various related accessories. Enphase sells its offerings through multiple channels, reaching solar distributors, large installers directly, original equipment manufacturers (OEMs), strategic partners, and individual homeowners, as well as through its legacy product upgrade program and online store. Established in 2006, Enphase Energy, Inc. is headquartered in Fremont, California.

Fremont, CA
2,781 employees
Energy / Solar
Sector
Energy
Industry
Solar
CEO
Badrinarayanan Kothandaraman