Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Enphase EnergyMEX:ENPH +1.80%70 Pretax Margin % is 21.21% as of Jun. 2026, which is 85% above its 10-year median of 11.47. GuruFocus rates MEX:ENPH with a GF Score™ of 70/100 and a GF Value™ of MXN999.47 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 1,022 Semiconductors companies, Enphase Energy ranks better than 65.75% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Enphase Energy's Pre-Tax Income for the
three
months ended in Jun. 2026 was MXN1,080 Mil. Enphase Energy's Revenue for the
three
months ended in Jun. 2026 was MXN5,093 Mil. Therefore, Enphase Energy's pretax margin for the quarter that ended in Jun. 2026 was 21.21%.
The historical rank and industry rank for Enphase Energy's Pretax Margin % or its related term are showing as below:
MEX:ENPH'
s Pretax Margin % Range Over the Past 10 Years
Min: -20.46 Med: 11.47 Max: 22.4
Current: 12.33
MEX:ENPH's Pretax Margin % is ranked better than 65.75% of 1022
companies
in the Semiconductors industry
Industry Median: 5.21
vs MEX:ENPH: 12.33
Enphase Energy (MEX:ENPH) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Enphase Energy Pretax Margin % Related Terms
Enphase Energy Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Enphase Energy's Pretax Margin % 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.
MEX:ENPH vs SEDG, RUN, SHLS: Pretax Margin % Comparison
For the Solar subindustry, Enphase Energy's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Enphase Energy's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Enphase Energy's Pretax Margin % falls into.
* 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 (MEX:ENPH) has a Pretax Margin % of 21.21% as of Jun. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Enphase Energy and its competitors. This is 85% above median its historical median of 11.47. According to the industry distribution chart, Enphase Energy ranks #350 out of 1022 companies in the Semiconductors industry, placing it in the top 34.2%.
Is Enphase Energy's Pretax Margin % too high?
Enphase Energy's current Pretax Margin % of 21.21% is 85% above median its 10-year median of 11.47. The Semiconductors industry median Pretax Margin % is 5.21. Enphase Energy's value of 21.21% is 307.1% above this industry median. Based on the distribution chart, Enphase Energy ranks #350 out of 1022 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Enphase Energy has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Enphase Energy's Pretax Margin % compare to SEDG and RUN?
According to the Semiconductors industry distribution chart, Enphase Energy ranks #350 out of 1022 companies for Pretax Margin %. This puts Enphase Energy in the upper half of its industry. The industry median Pretax Margin % is 5.21. Enphase Energy's value of 21.21% is 307.1% above this benchmark. While the company's 10-year median is 11.47 vs. the industry median of 5.21, 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 Pretax Margin % for a Semiconductors company?
The median Pretax Margin % among Semiconductors companies is 5.21, based on 1,022 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Enphase Energy's current Pretax Margin % of 21.21% is 307.1% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Enphase Energy and its competitors. For the Semiconductors industry, the median Pretax Margin % is 5.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enphase Energy's current Pretax Margin % is 21.21%, which is 85% above median its own 10-year median of 11.47. 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 (MEX:ENPH) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN999.47, compared to a current price of MXN656.75 — trading 34.3% below its estimated fair value. The current Pretax Margin % is 21.21%, which is 85% above median its 10-year median of 11.47 and 307.1% above the Semiconductors industry median of 5.21. Enphase Energy's overall GF Score™ is 70/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Enphase Energy (MEX:ENPH), the current Pretax Margin % is 21.21% as of Jun. 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 (MEX:ENPH) Overvalued in 2026?
Based on GuruFocus' analysis, Enphase Energy stock appears to be undervalued.
The current stock price of MXN656.75 is trading 34.3% below its estimated GF Value™ of MXN999.47.
GuruFocus considers Enphase Energy to be Significantly Undervalued.
Key valuation signals for MEX:ENPH:
Pretax Margin %: 21.21% (85% above median its 10-year median of 11.47)
GF Value™: MXN999.47 vs. price of MXN656.75 (34.3% below fair value)
Industry Position: 307.1% above the Semiconductors median (#350 of 1022)
No single metric tells the full story. See the MEX: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.
70GF Score
Get the complete analysis for MEX:ENPH
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:ENPH has been successfully added to your 
