ENPH (Enphase Energy) EPS without NRI: $2.38 (TTM As of Mar. 2026)


ENPH Enphase Energy Inc ENPH
76 GF Score
Price $47.21
GF Value $62.55
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Enphase Energy EPS without NRI?

Enphase Energy ENPH -1.28% 76 EPS without NRI is $2.38 as of Mar. 2026. GuruFocus rates ENPH with a GF Score™ of 76/100 and a GF Value™ of $62.55 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 756 Semiconductors companies, Enphase Energy ranks worse than 62.7% on this metric.

Enphase Energy's earnings per share without non-recurring items for the three months ended in Mar. 2026 was $0.47. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was $2.38.

During the past 12 months, Enphase Energy's average earnings per share (NRI) Growth Rate was 24.50% per year. During the past 3 years, the average earnings per share (NRI) Growth Rate was -13.80% per year. During the past 5 years, the average earnings per share (NRI) Growth Rate was 11.30% per year. During the past 10 years, the average earnings per share (NRI) Growth Rate was 0.00% 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 EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.

The historical rank and industry rank for Enphase Energy's EPS without NRI or its related term are showing as below:

ENPH' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -34.2   Med: 47.7   Max: 188.8
Current: -13.8

During the past 13 years, Enphase Energy's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 188.80% per year. The lowest was -34.20% per year. And the median was 47.70% per year.

ENPH's 3-Year EPS without NRI Growth Rate is ranked worse than
62.7% of 756 companies
in the Semiconductors industry
Industry Median: -4.25 vs ENPH: -13.80

Enphase Energy's EPS (Diluted) for the three months ended in Mar. 2026 was $-0.06. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $1.01.

Enphase Energy's EPS (Basic) for the three months ended in Mar. 2026 was $-0.06. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was $1.03.


Enphase Energy  (NAS:ENPH) EPS without NRI Explanation

EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


Enphase Energy EPS without NRI Related Terms


Enphase Energy EPS without NRI Historical Data

* Premium members only.

The historical data trend for Enphase Energy's EPS without NRI 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.

Enphase Energy EPS without NRI Chart

Enphase Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EPS without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.41 4.62 4.41 2.37 2.96

Enphase Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EPS without NRI 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 0.24 0.30 0.90 0.71 0.47

ENPH vs SEDG, RUN, SHLS: EPS without NRI Comparison

For the Solar subindustry, Enphase Energy's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Enphase Energy's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Enphase Energy's PE Ratio without NRI falls into.


ENPH
76GF Score
Enphase Energy Inc ENPH
EPS without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
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Enphase Energy EPS without NRI Calculation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.

EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.38

* 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.

Frequently Asked Questions Learn more about EPS without NRI →
What does a EPS without NRI of $2.38 mean?
Enphase Energy (ENPH) has a EPS without NRI of $2.38 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Enphase Energy and its competitors. According to the industry distribution chart, Enphase Energy ranks #474 out of 756 companies in the Semiconductors industry, placing it in the top 62.7%.
Is Enphase Energy's EPS without NRI too high?
Enphase Energy's current EPS without NRI is $2.38. Based on the distribution chart, Enphase Energy ranks #474 out of 756 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Enphase Energy has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Enphase Energy's EPS without NRI compare to SEDG and RUN?
According to the Semiconductors industry distribution chart, Enphase Energy ranks #474 out of 756 companies for EPS without NRI. This places Enphase Energy in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a Semiconductors company?
A good EPS without NRI depends on the Semiconductors industry context. However, EPS without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Enphase Energy and its competitors. Enphase Energy's current EPS without NRI is $2.38. 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?
Based on GuruFocus' analysis, Enphase Energy (ENPH) is currently considered Modestly Undervalued. The stock's GF Value™ is $62.55, compared to a current price of $47.21 — trading 24.5% below its estimated fair value. The current EPS without NRI is $2.38. Enphase Energy's overall GF Score™ is 76/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For Enphase Energy (ENPH), the current EPS without NRI is $2.38 as of Mar. 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 (ENPH) Overvalued in 2026?

Based on GuruFocus' analysis, Enphase Energy stock appears to be undervalued. The current stock price of $47.21 is trading 24.5% below its estimated GF Value™ of $62.55. GuruFocus considers Enphase Energy to be Modestly Undervalued.

Key valuation signals for ENPH:

  • EPS without NRI: $2.38
  • GF Value™: $62.55 vs. price of $47.21 (24.5% below fair value)
  • GF Score™: 76/100 with 5 warning signs

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


Enphase Energy Business Description

Address 47281 Bayside Parkway, Fremont, CA, USA, 94538
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.
76GF Score

Get the complete analysis for ENPH

EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$47.21
Price
$62.55
GF Value