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Enphase EnergyFRA:E0P -1.85%72 EV-to-FCF is 33.48 as of Jul. 24, 2026, which is 21% below its 10-year median of 42.19. GuruFocus rates FRA:E0P with a GF Score™ of 72/100 and a GF Value™ of €53.42 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 501 Semiconductors companies, Enphase Energy ranks better than 56.69% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Enphase Energy's Enterprise Value is €4,186 Mil.
Enphase Energy's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €125 Mil. Therefore, Enphase Energy's EV-to-FCF for today is 33.48.
The historical rank and industry rank for Enphase Energy's EV-to-FCF or its related term are showing as below:
FRA:E0P'
s EV-to-FCF Range Over the Past 10 Years
Min: -270.17 Med: 42.19 Max: 545.98
Current: 32.92
During the past 13 years, the highest EV-to-FCF of Enphase Energy was 545.98. The lowest was -270.17. And the median was 42.19.
FRA:E0P's EV-to-FCF is ranked better than 56.69% of 501
companies
in the Semiconductors industry
Industry Median: 42.4
vs FRA:E0P: 32.92
EV-to-FCF 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-FCF 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 €33.67.
Enphase Energy's Earnings per Share (Diluted) 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 €0.865.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Enphase Energy EV-to-FCF Related Terms
Enphase Energy EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Enphase Energy's EV-to-FCF 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.
For the Solar subindustry, Enphase Energy's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Enphase Energy's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Enphase Energy's EV-to-FCF falls into.
Enphase Energy's current Enterprise Value is €4,186 Mil.
Enphase Energy's Free Cash Flow 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 €125 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 (FRA:E0P) has a EV-to-FCF of 33.48 as of Jul. 24, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Enphase Energy and its competitors. This is 21% below median its historical median of 42.19. According to the industry distribution chart, Enphase Energy ranks #217 out of 501 companies in the Semiconductors industry, placing it in the top 43.3%.
Is Enphase Energy's EV-to-FCF too high?
Enphase Energy's current EV-to-FCF of 33.48 is 21% below median its 10-year median of 42.19. The Semiconductors industry median EV-to-FCF is 42.40. Enphase Energy's value of 33.48 is 21% below this industry median. Based on the distribution chart, Enphase Energy ranks #217 out of 501 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Enphase Energy has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Enphase Energy's EV-to-FCF compare to RUN and SEDG?
According to the Semiconductors industry distribution chart, Enphase Energy ranks #217 out of 501 companies for EV-to-FCF. This puts Enphase Energy in the upper half of its industry. The industry median EV-to-FCF is 42.40. Enphase Energy's value of 33.48 is 21% below this benchmark. While the company's 10-year median is 42.19 vs. the industry median of 42.40, Enphase Energy has consistently been below 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-FCF for a Semiconductors company?
The median EV-to-FCF among Semiconductors companies is 42.40, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Enphase Energy's current EV-to-FCF of 33.48 is 21% below 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Enphase Energy and its competitors. For the Semiconductors industry, the median EV-to-FCF is 42.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enphase Energy's current EV-to-FCF is 33.48, which is 21% below median its own 10-year median of 42.19. 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 (FRA:E0P) is currently considered Significantly Undervalued. The stock's GF Value™ is €53.42, compared to a current price of €33.67 — trading 37% below its estimated fair value. The current EV-to-FCF is 33.48, which is 21% below median its 10-year median of 42.19 and 21% below the Semiconductors industry median of 42.40. Enphase Energy's overall GF Score™ is 72/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Enphase Energy (FRA:E0P), the current EV-to-FCF is 33.48 as of Jul. 24, 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 (FRA:E0P) Overvalued in 2026?
Based on GuruFocus' analysis, Enphase Energy stock appears to be undervalued.
The current stock price of €33.67 is trading 37% below its estimated GF Value™ of €53.42.
GuruFocus considers Enphase Energy to be Significantly Undervalued.
Key valuation signals for FRA:E0P:
EV-to-FCF: 33.48 (21% below median its 10-year median of 42.19)
GF Value™: €53.42 vs. price of €33.67 (37% below fair value)
Industry Position: 21% below the Semiconductors median (#217 of 501)
No single metric tells the full story. See the FRA:E0P 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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