Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 19.33.
Forward PE Ratio (19.33) = Close Price ($38.61) / Consensus Forward EPS ($2.00)
FORWARD PE RATIO
19.33
SECTOR MEDIAN · ENERGY
13.10
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+47.61%
vs the sector median at left
Enphase Energy, Inc.
Market Cap
$5.10B
Forward PE Ratio
19.33
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Enphase Energy, Inc. (ENPH) | $5.10B | 19.33 |
| California Resources Corp (CRC)vs › | $4.73B | 12.81 |
| Helmerich & Payne, Inc. (HP)vs › | $4.35B | N/A |
| Weatherford International plc (WFRD)vs › | $6.49B | 17.54 |
| Centrus Energy Corp. (LEU)vs › | $3.53B | 74.57 |
| SolarEdge Technologies, Inc. (SEDG)vs › | $1.88B | N/A |
| Dorchester Minerals, L.P. (DMLP)vs › | $1.40B | N/A |
| Natural Resource Partners L.P. (NRP)vs › | $1.40B | 23.66 |
| Array Technologies, Inc. (ARRY)vs › | $721.45M | 6.24 |
| Star Group, L.P. (SGU)vs › | $413.05M | 15.53 |
Trailing P/E
38.6
reported TTM EPS
Forward P/E
19.3
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $2.00 implies +100.0% EPS growth vs the reported trailing $1.00.
At today's $38.61 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $2.00 | $1.62 – $2.65 | 16 | 19.3x |
| 2027-12-31 | $2.23 | $1.59 – $3.17 | 16 | 17.3x |
| 2028-12-31 | $2.62 | $1.45 – $4.64 | 13 | 14.7x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
