Enphase Energy (ENPH) Price to Book (2012 - 2026)
Enphase Energy's Price to Book came in at 5.51 for Q2 2026, down 6.5% from 5.89 a year earlier but up 21.8% from the prior quarter.
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Analysis
Enphase Energy (ENPH) Price to Book (2012 - 2026) Analysis & Trends
For FY2025, Enphase Energy's Price to Book was 3.86, down 64.6% from FY2024.
- Price to Book has declined in each of the last four years.
- Going back by year, Price to Book was 10.92 in FY2024 (-40.1%), 18.23 in FY2023 (-58.4%), 43.79 in FY2022 (-23.1%) and 56.94 in FY2021 (+21.8%).
- The five-year range for quarterly Price to Book is 3.86 (Q4 2025) to 82.28 (Q1 2022).
- Year-over-year, Price to Book has declined for seven consecutive quarters, with an average decline of 42.7% over the last eight quarters.
- The fastest year-over-year change in Price to Book over five years came in Q1 2022 (growth of 174.0%), and the weakest in Q3 2023 (a decline of 73.8%).
- Business Quant data shows ENPH's Price to Book at 4.52 (Q1 2026), 3.86 (Q4 2025) and 4.65 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn |
| 10 | Nuscale Power | 3.24 Bn | 3.19 Bn | -152,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.51 |
| Mar 31, 2026 | 4.52 |
| Dec 31, 2025 | 3.86 |
| Sep 30, 2025 | 4.65 |
| Jun 30, 2025 | 5.89 |
| Mar 31, 2025 | 10.04 |
| Dec 31, 2024 | 10.92 |
| Sep 30, 2024 | 16.39 |
| Jun 30, 2024 | 15.26 |
| Mar 31, 2024 | 17.83 |
| Dec 31, 2023 | 18.23 |
| Sep 30, 2023 | 16.16 |
| Jun 30, 2023 | 23.42 |
| Mar 31, 2023 | 29.70 |
| Dec 31, 2022 | 43.79 |
| Sep 30, 2022 | 61.79 |
| Jun 30, 2022 | 58.63 |
| Mar 31, 2022 | 82.28 |
| Dec 31, 2021 | 56.94 |
| Sep 30, 2021 | 31.22 |
API Access
Enphase Energy Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=ENPH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "ENPH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=ENPH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();