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Enphase Energy (Enphase Energy) Cyclically Adjusted PB Ratio : 43.55 (As of Apr. 28, 2024)


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What is Enphase Energy Cyclically Adjusted PB Ratio?

As of today (2024-04-28), Enphase Energy's current share price is $111.93. Enphase Energy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $2.57. Enphase Energy's Cyclically Adjusted PB Ratio for today is 43.55.

The historical rank and industry rank for Enphase Energy's Cyclically Adjusted PB Ratio or its related term are showing as below:

ENPH' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 34.2   Med: 100.41   Max: 201.2
Current: 43.58

During the past years, Enphase Energy's highest Cyclically Adjusted PB Ratio was 201.20. The lowest was 34.20. And the median was 100.41.

ENPH's Cyclically Adjusted PB Ratio is ranked worse than
98.95% of 668 companies
in the Semiconductors industry
Industry Median: 2.38 vs ENPH: 43.58

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Enphase Energy's adjusted book value per share data for the three months ended in Mar. 2024 was $6.785. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $2.57 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Enphase Energy Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Enphase Energy's Cyclically Adjusted PB Ratio 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.

* Premium members only.

Enphase Energy Cyclically Adjusted PB Ratio Chart

Enphase Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 149.06 54.45

Enphase Energy Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB Ratio 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 108.00 79.29 52.58 54.45 47.10

Competitive Comparison of Enphase Energy's Cyclically Adjusted PB Ratio

For the Solar subindustry, Enphase Energy's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio 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's Cyclically Adjusted PB Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Enphase Energy's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Enphase Energy's Cyclically Adjusted PB Ratio falls into.



Enphase Energy Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Enphase Energy's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=111.93/2.57
=43.55

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Enphase Energy's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=6.785/129.4194*129.4194
=6.785

Current CPI (Mar. 2024) = 129.4194.

Enphase Energy Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.867 100.560 1.116
201409 0.979 100.428 1.262
201412 1.073 99.070 1.402
201503 0.997 99.621 1.295
201506 1.097 100.684 1.410
201509 1.177 100.392 1.517
201512 0.905 99.792 1.174
201603 0.551 100.470 0.710
201606 0.266 101.688 0.339
201609 0.171 101.861 0.217
201612 0.021 101.863 0.027
201703 0.089 102.862 0.112
201706 -0.028 103.349 -0.035
201709 -0.092 104.136 -0.114
201712 -0.106 104.011 -0.132
201803 -0.322 105.290 -0.396
201806 -0.311 106.317 -0.379
201809 0.039 106.507 0.047
201812 0.073 105.998 0.089
201903 0.128 107.251 0.154
201906 0.962 108.070 1.152
201909 1.245 108.329 1.487
201912 2.211 108.420 2.639
202003 2.528 108.902 3.004
202006 2.938 108.767 3.496
202009 3.296 109.815 3.884
202012 3.753 109.897 4.420
202103 5.401 111.754 6.255
202106 4.343 114.631 4.903
202109 4.804 115.734 5.372
202112 3.213 117.630 3.535
202203 2.452 121.301 2.616
202206 3.330 125.017 3.447
202209 4.490 125.227 4.640
202212 6.051 125.222 6.254
202303 7.081 127.348 7.196
202306 7.151 128.729 7.189
202309 7.433 129.860 7.408
202312 7.247 129.419 7.247
202403 6.785 129.419 6.785

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Enphase Energy  (NAS:ENPH) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Enphase Energy Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Enphase Energy's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Enphase Energy (Enphase Energy) Business Description

Traded in Other Exchanges
Address
47281 Bayside Parkway, Fremont, CA, USA, 94538
Enphase Energy is a global energy technology company. The company 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. Geographically, it derives a majority of revenue from the United States.
Executives
Badrinarayanan Kothandaraman officer: President & CEO ENPHASE ENERGY INC., 1420 NORTH MCDOWELL BLVD, PETALUMA CA 94954
Thurman J Rodgers director 535 EASTVIEW WAY, WOODSIDE CA 94062
David A Ranhoff officer: VP & Chief Commercial Officer MEMC ELECTRONIC MATERIALS, 501 PEARL DRIVE, ST. PETERS MO 63366
Richard Mora director C/O LANDIS+GYR, 30000 MILL CREEK AVE, SUITE 3022, ALPHARETTA GA 30022
Mandy Yang officer: Chief Accounting Officer C/O ENPHASE ENERGY, INC., 47281 BAYSIDE PARKWAY, FREMONT CA 94538
Jeff Mcneil officer: Chief Operating Officer 47281 BAYSIDE PARKWAY, FREMONT CA 94538
Joseph Ian Malchow director C/O ENPHASE ENERGY, 47281 BAYSIDE PARKWAY, FREMONT CA 94538
Steven J Gomo director 495 E. JAVA DRIVE, SUNNYVALE CA 94089
Benjamin John Kortlang director, 10 percent owner 2750 SAND HILL ROAD, MENLO PARK CA 94025
Eric Branderiz officer: VP & Chief Financial Officer 915 DEGUIGNE DRIVE, PO BOX 3453, SUNNYVALE CA 94088-3453
Jamie Elizabeth Haenggi director 1501 YAMATO ROAD, BOCA RATON FL 33431
Moreno Isidoro Quiroga 10 percent owner VENIDA PRESIDENTE RIESCO 5711 OFICINA 16, LAS CONDES, SANTIAGO F3 7550000
South Lake One Llc 10 percent owner 250 WEST 55TH STREET, NEW YORK NY 10019
John Howard Weber director 600 CORPORATION DRIVE, PENDLETON IN 46064
Humberto Garcia officer: VP and CFO 1420 N. MCDOWELL BLVD., PETALUMA CA 94954

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