Forward PE Ratio: 21.24
The forward PE ratio is 21.24 as of Thursday, July 9, 2026.
Forward PE Ratio (21.24) = Close Price ($44.89) / Consensus Forward EPS ($2.03)
ENPH Forward PE Ratio Metrics
FORWARD PE RATIO
21.24
ENPH Competitors' Forward PE Ratio
Enphase Energy, Inc.
Market Cap
$5.92B
Forward PE Ratio
21.24
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Enphase Energy, Inc. (ENPH) | $5.92B | 21.24 |
| Weatherford International plc (WFRD)vs › | $5.95B | 14.76 |
| California Resources Corp (CRC)vs › | $4.67B | 8.82 |
| SolarEdge Technologies, Inc. (SEDG)vs › | $3.33B | N/A |
| Centrus Energy Corp. (LEU)vs › | $3.29B | 58.74 |
| Helmerich & Payne, Inc. (HP)vs › | $3.27B | N/A |
| Dorchester Minerals, L.P. (DMLP)vs › | $1.28B | N/A |
| Antero Midstream Corporation (AM)vs › | $10.73B | 20.61 |
| Emeren Group, Ltd. (SOL)vs › | $995.64M | 9.46 |
| Array Technologies, Inc. (ARRY)vs › | $993.72M | 8.71 |
Trailing vs Forward
Trailing P/E
42.6
reported TTM EPS
Forward P/E
21.2
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $2.03 implies +101.0% EPS growth vs the reported trailing $1.01.
Forward P/E by Fiscal Year
View All Analyst EstimatesAt today's $44.89 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 | $2.03 | $1.78 – $2.55 | 17 | 22.2x |
| 2027-12-31 | $2.33 | $1.91 – $3.29 | 17 | 19.2x |
| 2028-12-31 | $2.68 | $1.19 – $5.63 | 13 | 16.7x |
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.
Forward PE Ratio Formula & Definition
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
Forward PE Ratio FAQ
- What is the forward PE ratio for Enphase Energy, Inc. (ENPH)?
- The forward PE ratio for ENPH stock is 21.24.
Related Metrics
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.
- Sector
- Energy
- Industry
- Solar
- CEO
- Badrinarayanan Kothandaraman