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Enphase Energy, Inc. (ENPH)
Semiconductors & Related Devices
Latest Price
$25.65
TTM P/E
38.28
Normalized P/E
17.49
TTM Div Yield
--
Fwd Div Yield
--
Book Value
9.40
P/B Ratio
2.73
Valuation metrics
adjust assumptions →EPS: $1.29
Book value / share: $8.29
Formula: √(22.5 × EPS × BVPS)
Graham Number
$15.51
40% 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
44% 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
+151% upside
EPS: $1.29
Target P/E: 18×
Formula: EPS × P/E
P/E Fair Value
$23.22
10% downside
Institutional Ownership
100.0% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 23.45M | $1.15B | 17.73% | +1.25M | 2026-06-30 |
| Vanguard Portfolio Management LLC | 9.07M | $446.0M | 6.85% | -592.2K | 2026-06-30 |
| Jane Street Group, LLC | 7.56M | $372.0M | 5.72% | +3.77M | 2026-06-30 |
| Vanguard Capital Management LLC | 5.73M | $282.0M | 4.33% | +63.7K | 2026-06-30 |
| Two Sigma Investments, LP | 4.84M | $238.0M | 3.66% | -- | 2026-06-30 |
| State Street Corp | 4.75M | $233.0M | 3.59% | +148.9K | 2026-06-30 |
| Citadel Advisors LLC | 4.29M | $211.0M | 3.24% | -38.4K | 2026-06-30 |
| Invesco Ltd. | 3.66M | $180.0M | 2.77% | -20.9K | 2026-06-30 |
| Gilder Gagnon Howe & Co LLC | 3.48M | $171.0M | 2.63% | +1.33M | 2026-06-30 |
| UBS Group AG | 2.97M | $146.0M | 2.25% | -353.9K | 2026-06-30 |