Enphase Energy, Inc. (ENPH)
Semiconductors & Related Devices
Latest Price
$36.35
TTM P/E
35.99
Normalized P/E
23.35
Div Yield
--
Book Value
8.39
P/B Ratio
4.33
Valuation metrics
adjust assumptions →EPS: $1.29
Book value / share: $8.29
Formula: √(22.5 × EPS × BVPS)
Graham Number
$15.51
57% downside
Norm. op. income: $186M (median of 7yr)
Tax rate: 15%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$14.51
60% downside
Base FCF: $480M (median of recent 5yr)
Growth: 5%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$64.81
+78% upside
EPS: $1.29
Target P/E: 23×
Formula: EPS × P/E
P/E Fair Value
$29.67
18% downside
Institutional Ownership
100.0% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 23.45M | $1.15B | 17.80% | +1.25M | 2026-06-30 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 9.07M | $446.0M | 6.88% | -592.2K | 2026-06-30 |
| JANE STREET GROUP, LLC | 7.56M | $372.0M | 5.74% | +3.77M | 2026-06-30 |
| VANGUARD CAPITAL MANAGEMENT LLC | 5.73M | $282.0M | 4.35% | +63.7K | 2026-06-30 |
| TWO SIGMA INVESTMENTS, LP | 4.84M | $238.0M | 3.67% | -- | 2026-06-30 |
| STATE STREET CORP | 4.75M | $233.0M | 3.60% | +148.9K | 2026-06-30 |
| CITADEL ADVISORS LLC | 4.29M | $211.0M | 3.26% | -38.4K | 2026-06-30 |
| Invesco Ltd. | 3.66M | $180.0M | 2.78% | -20.9K | 2026-06-30 |
| GILDER GAGNON HOWE & CO LLC | 3.48M | $171.0M | 2.64% | +1.33M | 2026-06-30 |
| UBS Group AG | 2.97M | $146.0M | 2.25% | -353.9K | 2026-06-30 |