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Enphase EnergyXSWX:ENPH +1.78%72 EV-to-OCF is 22.89 as of Aug. 01, 2026, which is 35% below its 10-year median of 35.43. GuruFocus rates XSWX:ENPH with a GF Score™ of 72/100 and a GF Value™ of CHF44.22. The stock has 6 warning signs investors should review. Among 1,029 Semiconductors companies, Enphase Energy ranks worse than 60.54% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Enphase Energy's Enterprise Value is CHF3,712 Mil.
Enphase Energy's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was CHF162 Mil. Therefore, Enphase Energy's EV-to-OCF for today is 22.89.
The historical rank and industry rank for Enphase Energy's EV-to-OCF or its related term are showing as below:
XSWX:ENPH'
s EV-to-OCF Range Over the Past 10 Years
Min: -1074.99 Med: 35.43 Max: 204.17
Current: 22.39
During the past 13 years, the highest EV-to-OCF of Enphase Energy was 204.17. The lowest was -1074.99. And the median was 35.43.
XSWX:ENPH's EV-to-OCF is ranked worse than 60.54% of 1029
companies
in the Semiconductors industry
Industry Median: 13.61
vs XSWX:ENPH: 22.39
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Enphase Energy's PE Ratio (TTM) for today is calculated as:
Enphase Energy's share price for today is CHF29.435.
Enphase Energy's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF0.798.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Enphase Energy EV-to-OCF Related Terms
Enphase Energy EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Enphase Energy's EV-to-OCF 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.
XSWX:ENPH vs SEDG, RUN, SHLS: EV-to-OCF Comparison
For the Solar subindustry, Enphase Energy's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Enphase Energy's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Enphase Energy's EV-to-OCF falls into.
Enphase Energy's current Enterprise Value is CHF3,712 Mil.
Enphase Energy's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF162 Mil.
* 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.
Enphase Energy (XSWX:ENPH) has a EV-to-OCF of 22.89 as of Aug. 01, 2026. This is 35% below median its historical median of 35.43. According to the industry distribution chart, Enphase Energy ranks #623 out of 1029 companies in the Semiconductors industry, placing it in the top 60.5%.
Is Enphase Energy's EV-to-OCF too high?
Enphase Energy's current EV-to-OCF of 22.89 is 35% below median its 10-year median of 35.43. The Semiconductors industry median EV-to-OCF is 13.61. Enphase Energy's value of 22.89 is 68.2% above this industry median. Based on the distribution chart, Enphase Energy ranks #623 out of 1029 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Enphase Energy has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Enphase Energy's EV-to-OCF compare to SEDG and RUN?
According to the Semiconductors industry distribution chart, Enphase Energy ranks #623 out of 1029 companies for EV-to-OCF. This places Enphase Energy in the lower half of its industry. The industry median EV-to-OCF is 13.61. Enphase Energy's value of 22.89 is 68.2% above this benchmark. While the company's 10-year median is 35.43 vs. the industry median of 13.61, Enphase Energy 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 EV-to-OCF for a Semiconductors company?
The median EV-to-OCF among Semiconductors companies is 13.61, based on 1,029 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Enphase Energy's current EV-to-OCF of 22.89 is 68.2% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Semiconductors industry, the median EV-to-OCF is 13.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enphase Energy's current EV-to-OCF is 22.89, which is 35% below median its own 10-year median of 35.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enphase Energy stock overvalued right now?
Enphase Energy (XSWX:ENPH) has a current EV-to-OCF of 22.89. The stock's GF Value™ is CHF44.22, compared to a current price of CHF29.44 — trading 33.4% below its estimated fair value. The current EV-to-OCF is 22.89, which is 35% below median its 10-year median of 35.43 and 68.2% above the Semiconductors industry median of 13.61. Enphase Energy's overall GF Score™ is 72/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Enphase Energy (XSWX:ENPH), the current EV-to-OCF is 22.89 as of Aug. 01, 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 Enphase Energy (XSWX:ENPH) Overvalued in 2026?
Based on GuruFocus' analysis, Enphase Energy stock appears to be undervalued.
The current stock price of CHF29.44 is trading 33.4% below its estimated GF Value™ of CHF44.22.
Key valuation signals for XSWX:ENPH:
EV-to-OCF: 22.89 (35% below median its 10-year median of 35.43)
GF Value™: CHF44.22 vs. price of CHF29.44 (33.4% below fair value)
Industry Position: 68.2% above the Semiconductors median (#623 of 1029)
No single metric tells the full story. See the XSWX:ENPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Enphase Energy is a global energy technology company. It 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. Enphase derives a majority of revenue from the United States.
72GF Score
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