ENR (Energizer Holdings) Cyclically Adjusted PB Ratio: 5.39 (As of Jul. 28, 2026) — 23% Below Median

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ENR Energizer Holdings Inc ENR
64 GF Score
Price $21.04
GF Value $31.70
Valuation Possible Value Trap
! 5 Warning Signs
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What is Energizer Holdings Cyclically Adjusted PB Ratio?

Energizer Holdings ENR +0.38% 64 Cyclically Adjusted PB Ratio is 5.39 as of Jul. 28, 2026, which is 23% below its 10-year median of 7.03. GuruFocus rates ENR with a GF Score™ of 64/100 and a GF Value™ of $31.70 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,278 Industrial Products companies, Energizer Holdings ranks worse than 80.47% on this metric.

As of today (2026-07-28), Energizer Holdings's current share price is $21.04. Energizer Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $3.90. Energizer Holdings's Cyclically Adjusted PB Ratio for today is 5.39.

The historical rank and industry rank for Energizer Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

ENR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.21   Med: 7.03   Max: 9.82
Current: 5.4

During the past years, Energizer Holdings's highest Cyclically Adjusted PB Ratio was 9.82. The lowest was 4.21. And the median was 7.03.

ENR's Cyclically Adjusted PB Ratio is ranked worse than
80.47% of 2278 companies
in the Industrial Products industry
Industry Median: 2.105 vs ENR: 5.40

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Energizer Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was $2.529. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $3.90 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Energizer Holdings  (NYSE:ENR) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Energizer Holdings Cyclically Adjusted PB Ratio Related Terms


Energizer Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Energizer Holdings's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Energizer Holdings Cyclically Adjusted PB Ratio Chart

Energizer Holdings Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 7.40 8.07 6.74

Energizer Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.02 5.64 6.74 5.30 4.21

ENR vs TE, PLPC, AMPX: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Energizer Holdings's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Energizer Holdings Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Energizer Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Energizer Holdings's Cyclically Adjusted PB Ratio falls into.


ENR
64GF Score
Energizer Holdings Inc ENR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Energizer Holdings Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Energizer Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.04/3.90
=5.39

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Energizer Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Energizer Holdings's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2.529/330.2130*330.2130
=2.529

Current CPI (Mar. 2026) = 330.2130.

Energizer Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.045 241.018 -0.062
201609 -0.486 241.428 -0.665
201612 0.280 241.432 0.383
201703 1.080 243.801 1.463
201706 1.405 244.955 1.894
201709 1.402 246.819 1.876
201712 0.565 246.524 0.757
201803 0.749 249.554 0.991
201806 0.800 251.989 1.048
201809 0.411 252.439 0.538
201812 1.175 251.233 1.544
201903 9.235 254.202 11.996
201906 8.290 256.143 10.687
201909 7.892 256.759 10.150
201912 8.481 256.974 10.898
202003 5.459 258.115 6.984
202006 5.635 257.797 7.218
202009 4.511 260.280 5.723
202012 4.822 260.474 6.113
202103 5.038 264.877 6.281
202106 4.982 271.696 6.055
202109 5.320 274.310 6.404
202112 6.152 278.802 7.286
202203 6.474 287.504 7.436
202206 7.013 296.311 7.815
202209 1.832 296.808 2.038
202212 1.832 296.797 2.038
202303 2.076 301.836 2.271
202306 2.335 305.109 2.527
202309 2.947 307.789 3.162
202312 2.377 306.746 2.559
202403 2.665 312.332 2.818
202406 1.719 314.175 1.807
202409 1.891 315.301 1.980
202412 1.948 315.605 2.038
202503 1.855 319.799 1.915
202506 2.639 322.561 2.702
202509 2.491 324.800 2.533
202512 2.064 324.054 2.103
202603 2.529 330.213 2.529

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 5.39 mean?
Energizer Holdings (ENR) has a Cyclically Adjusted PB Ratio of 5.39 as of Jul. 28, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Energizer Holdings and its competitors. This is 23% below median its historical median of 7.03. Over the past decade, Energizer Holdings' Cyclically Adjusted PB Ratio has ranged from 4.21 to 9.82. According to the industry distribution chart, Energizer Holdings ranks #1833 out of 2278 companies in the Industrial Products industry, placing it in the top 80.5%.
Is Energizer Holdings' Cyclically Adjusted PB Ratio too high?
Energizer Holdings' current Cyclically Adjusted PB Ratio of 5.39 is 23% below median its 10-year median of 7.03. Over the past 10 years, this metric has ranged from a low of 4.21 to a high of 9.82. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.11. Energizer Holdings' value of 5.39 is 156.1% above this industry median. Based on the distribution chart, Energizer Holdings ranks #1833 out of 2278 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Energizer Holdings has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Energizer Holdings' Cyclically Adjusted PB Ratio compare to TE and PLPC?
According to the Industrial Products industry distribution chart, Energizer Holdings ranks #1833 out of 2278 companies for Cyclically Adjusted PB Ratio. This places Energizer Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.11. Energizer Holdings' value of 5.39 is 156.1% above this benchmark. Historically, Energizer Holdings' own Cyclically Adjusted PB Ratio has ranged from 4.21 to 9.82 over the past decade. While the company's 10-year median is 7.03 vs. the industry median of 2.11, Energizer Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.11, based on 2,278 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Energizer Holdings's current Cyclically Adjusted PB Ratio of 5.39 is 156.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Energizer Holdings and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energizer Holdings's current Cyclically Adjusted PB Ratio is 5.39, which is 23% below median its own 10-year median of 7.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energizer Holdings stock overvalued right now?
Based on GuruFocus' analysis, Energizer Holdings (ENR) is currently considered Possible Value Trap. The stock's GF Value™ is $31.70, compared to a current price of $21.04 — trading 33.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.39, which is 23% below median its 10-year median of 7.03 and 156.1% above the Industrial Products industry median of 2.11. Energizer Holdings' overall GF Score™ is 64/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Energizer Holdings (ENR), the current Cyclically Adjusted PB Ratio is 5.39 as of Jul. 28, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Energizer Holdings (ENR) Overvalued in 2026?

Based on GuruFocus' analysis, Energizer Holdings stock appears to be undervalued. The current stock price of $21.04 is trading 33.6% below its estimated GF Value™ of $31.70. GuruFocus considers Energizer Holdings to be Possible Value Trap.

Key valuation signals for ENR:

  • Cyclically Adjusted PB Ratio: 5.39 (23% below median its 10-year median of 7.03)
  • GF Value™: $31.70 vs. price of $21.04 (33.6% below fair value)
  • GF Score™: 64/100 with 5 warning signs
  • Industry Position: 156.1% above the Industrial Products median (#1833 of 2278)

No single metric tells the full story. See the ENR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Energizer Holdings Business Description

Other Exchanges EGG:Germany
Address 8235 Forsyth Boulevard, Suite 100, Saint Louis, MO, USA, 63105
Energizer Holdings Inc. manufactures and distributes household batteries, specialty batteries, and lighting products. The company offers batteries using lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide technologies, sold under the Energizer, Rayovac, Varta, and Eveready brands across performance and premium price segments. It also provides auto care products in the appearance, fragrance, performance, and air conditioning recharge categories. Energizer operates through two geographical segments, the United States and International, with the majority of its revenue generated in the United States. It has two product segments: Batteries and Lights and Auto Care, with the Batteries and Lights segment contributing the majority of its revenue.
64GF Score

Get the complete analysis for ENR

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$21.04
Price
$31.70
GF Value