Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 17.44 as of Thursday, July 30, 2026.
Forward PE Ratio (17.44) = Close Price ($35.07) / Consensus Forward EPS ($2.01)
FORWARD PE RATIO
17.44
SECTOR MEDIAN · ENERGY
13.16
median of 37 covered companies
CURRENT VS SECTOR MEDIAN
+32.52%
vs the sector median at left
Enphase Energy, Inc.
Market Cap
$4.62B
Forward PE Ratio
17.44
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Enphase Energy, Inc. (ENPH) | $4.62B | 17.44 |
| California Resources Corp (CRC)vs › | $4.49B | 10.13 |
| Weatherford International plc (WFRD)vs › | $5.90B | 15.38 |
| Helmerich & Payne, Inc. (HP)vs › | $3.34B | N/A |
| Centrus Energy Corp. (LEU)vs › | $3.03B | 56.60 |
| SolarEdge Technologies, Inc. (SEDG)vs › | $2.37B | N/A |
| Dorchester Minerals, L.P. (DMLP)vs › | $1.30B | N/A |
| Emeren Group, Ltd. (SOL)vs › | $995.64M | 9.46 |
| Array Technologies, Inc. (ARRY)vs › | $739.90M | 6.55 |
| Star Group, L.P. (SGU)vs › | $412.72M | 15.52 |
Trailing P/E
35.1
reported TTM EPS
Forward P/E
17.4
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $2.01 implies +101.0% EPS growth vs the reported trailing $1.00.
At today's $35.07 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 | $2.01 | $1.78 – $2.56 | 16 | 17.4x |
| 2027-12-31 | $2.22 | $1.81 – $3.11 | 17 | 15.8x |
| 2028-12-31 | $2.61 | $1.18 – $5.59 | 14 | 13.5x |
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
