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1-Year Return on Invested Incremental Capital (1-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 1-year.
Enphase Energy's 1-Year ROIIC % for the quarter that ended in Mar. 2026 was 10.29%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Enphase Energy's 1-Year ROIIC % or its related term are showing as below:
XSWX:ENPH's 1-Year ROIIC % is ranked better than 54.86% of 997
companies
in the Semiconductors industry
Industry Median: 5.02
vs XSWX:ENPH: 10.29
Enphase Energy (XSWX:ENPH) 1-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Enphase Energy 1-Year ROIIC % Related Terms
Enphase Energy 1-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Enphase Energy's 1-Year ROIIC % 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 RUN, SEDG, SHLS: 1-Year ROIIC % Comparison
For the Solar subindustry, Enphase Energy's 1-Year ROIIC %, along with its competitors' market caps and 1-Year ROIIC % 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 1-Year ROIIC % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Enphase Energy's 1-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Enphase Energy's 1-Year ROIIC % falls into.
Enphase Energy's 1-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:
1-Year ROIIC %
=
1-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
1-Year Incremental Invested Capital
=
( 81.757 (Mar. 2026) - 111.8233 (Mar. 2025) )
/
( 1175.312 (Mar. 2026) - 1543.421 (Mar. 2025) )
=
-30.0663
/
-368.109
=
8.17%***
* 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.
** TTM data of NOPAT and Invested Capital was used to calculate 1-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Enphase Energy (XSWX:ENPH) has a 1-Year ROIIC % of 10.29 as of Mar. 2026. 1-Year ROIIC % measures the change in earnings as a percentage of change in investment over 1-year. View historical data on Enphase Energy and its competitors. According to the industry distribution chart, Enphase Energy ranks #450 out of 997 companies in the Semiconductors industry, placing it in the top 45.1%.
Is Enphase Energy's 1-Year ROIIC % too high?
Enphase Energy's current 1-Year ROIIC % is 10.29. The Semiconductors industry median 1-Year ROIIC % is 5.02. Enphase Energy's value of 10.29 is 105% above this industry median. Based on the distribution chart, Enphase Energy ranks #450 out of 997 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Enphase Energy has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Enphase Energy's 1-Year ROIIC % compare to RUN and SEDG?
According to the Semiconductors industry distribution chart, Enphase Energy ranks #450 out of 997 companies for 1-Year ROIIC %. This puts Enphase Energy in the upper half of its industry. The industry median 1-Year ROIIC % is 5.02. Enphase Energy's value of 10.29 is 105% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 1-Year ROIIC % for a Semiconductors company?
The median 1-Year ROIIC % among Semiconductors companies is 5.02, based on 997 companies in the industry. Companies in the top quartile (top 25%) have a 1-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 1-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Enphase Energy's current 1-Year ROIIC % of 10.29 is 105% 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 1-Year ROIIC % mean?
A high 1-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 1-Year ROIIC % measures the change in earnings as a percentage of change in investment over 1-year. View historical data on Enphase Energy and its competitors. For the Semiconductors industry, the median 1-Year ROIIC % is 5.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enphase Energy's current 1-Year ROIIC % is 10.29. 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 1-Year ROIIC % of 10.29. The stock's GF Value™ is CHF51.14, compared to a current price of CHF35.52 — trading 30.6% below its estimated fair value. The current 1-Year ROIIC % is 10.29 and 105% above the Semiconductors industry median of 5.02. 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 1-Year ROIIC % calculated?
1-Year ROIIC % is calculated from a company's financial statements. For Enphase Energy (XSWX:ENPH), the current 1-Year ROIIC % is 10.29 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 (XSWX:ENPH) Overvalued in 2026?
Based on GuruFocus' analysis, Enphase Energy stock appears to be undervalued.
The current stock price of CHF35.52 is trading 30.6% below its estimated GF Value™ of CHF51.14.
Key valuation signals for XSWX:ENPH:
1-Year ROIIC %: 10.29
GF Value™: CHF51.14 vs. price of CHF35.52 (30.6% below fair value)
Industry Position: 105% above the Semiconductors median (#450 of 997)
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.
76GF Score
Get the complete analysis for XSWX:ENPH
1-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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