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Enphase Energy (WBO:ENPH) Cyclically Adjusted Revenue per Share : €8.64 (As of Mar. 2025)


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What is Enphase Energy Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Enphase Energy's adjusted revenue per share for the three months ended in Mar. 2025 was €2.418. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €8.64 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Enphase Energy's average Cyclically Adjusted Revenue Growth Rate was 1.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -0.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -16.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Enphase Energy was -0.80% per year. The lowest was -27.80% per year. And the median was -19.10% per year.

As of today (2025-05-24), Enphase Energy's current stock price is €33.705. Enphase Energy's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was €8.64. Enphase Energy's Cyclically Adjusted PS Ratio of today is 3.90.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Enphase Energy was 43.13. The lowest was 0.84. And the median was 11.91.


Enphase Energy Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Enphase Energy's Cyclically Adjusted Revenue per Share 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.

* Premium members only.

Enphase Energy Cyclically Adjusted Revenue per Share Chart

Enphase Energy Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 7.59 8.48 9.39

Enphase Energy Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Revenue per Share 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 8.66 9.09 8.59 9.39 8.64

Competitive Comparison of Enphase Energy's Cyclically Adjusted Revenue per Share

For the Solar subindustry, Enphase Energy's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Enphase Energy's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Enphase Energy's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Enphase Energy's Cyclically Adjusted PS Ratio falls into.


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Enphase Energy Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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.

For example, Enphase Energy's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=2.418/134.9266*134.9266
=2.418

Current CPI (Mar. 2025) = 134.9266.

Enphase Energy Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 2.053 100.684 2.751
201509 1.910 100.392 2.567
201512 1.324 99.792 1.790
201603 1.246 100.470 1.673
201606 1.512 101.688 2.006
201609 1.671 101.861 2.213
201612 1.386 101.863 1.836
201703 0.668 102.862 0.876
201706 0.787 103.349 1.027
201709 0.762 104.136 0.987
201712 0.785 104.011 1.018
201803 0.621 105.290 0.796
201806 0.668 106.317 0.848
201809 0.650 106.507 0.823
201812 0.760 105.998 0.967
201903 0.765 107.251 0.962
201906 0.908 108.070 1.134
201909 1.224 108.329 1.525
201912 1.419 108.420 1.766
202003 1.347 108.902 1.669
202006 0.888 108.767 1.102
202009 1.069 109.815 1.313
202012 1.480 109.897 1.817
202103 1.731 111.754 2.090
202106 1.853 114.631 2.181
202109 2.116 115.734 2.467
202112 2.568 117.630 2.946
202203 2.771 121.301 3.082
202206 3.490 125.017 3.767
202209 4.392 125.227 4.732
202212 4.705 125.222 5.070
202303 4.645 127.348 4.921
202306 4.524 128.729 4.742
202309 3.589 129.860 3.729
202312 2.012 129.419 2.098
202403 1.783 131.776 1.826
202406 2.071 132.554 2.108
202409 2.453 133.029 2.488
202412 2.416 133.157 2.448
202503 2.418 134.927 2.418

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Enphase Energy  (WBO:ENPH) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Enphase Energy's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=33.705/8.64
=3.90

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Enphase Energy was 43.13. The lowest was 0.84. And the median was 11.91.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Enphase Energy Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Enphase Energy's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Enphase Energy Business Description

Industry
Traded in Other Exchanges
Address
47281 Bayside Parkway, Fremont, CA, USA, 94538
Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of revenue from the United States.