Enphase Energy price to free cash flow ENPH

Market value divided by free cash flow over the last twelve months, since 2014.

Today, Oct 23, 2026: 27.4×
8-year median: 55.3×
Against its 8-year history: 24th; percentile: 0 is its lowest day, 100 its highest
8-year range: 10.0× to 445×
Peer median: 31.7×

Enphase Energy's price to free cash flow is 27.4× as of Oct 23, 2026.

That is below its 8-year median of 55.3×, lower than on 76% of days in the last 8 years.

Over that time it ranged from 10.0× in Jun 2025 to 445× in Aug 2018.

The median for 10 semiconductor stocks of a similar size is 31.7×.

Price to free cash flow over time

median 55.3×

The dashed line is the 8-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	27.4×	20.3×	63.6×
2025	19.9×	10.0×	29.0×
2024	29.0×	17.2×	56.2×
2023	22.3×	13.2×	61.3×
2022	66.1×	57.4×	92.3×
2021	84.8×	72.0×	125×
2020	103×	25.8×	245×
2019	111×	57.2×	117×
2018	54.4×	53.3×	445×
2017	n/m a value too high to mean anything
2016	n/m a value too high to mean anything
2015	51.0×	40.1×	60.4×
2014	55.2×	39.1×	176×

Against its peers

Companies in Semiconductors nearest Enphase Energy's size, closest first, today.

Company	Price to free cash flow
ENPHEnphase Energy	27.4×
KLICKulicke & Soffa Industries	96.5×
DIODDiodes	26.2×
ACMRACM Research	n/m
ACLSAxcelis Technologies	50.2×
PENGPenguin Solutions	n/m
OSISOSI Systems	12.8×
CRUSCirrus Logic	9.8×
IPGPIPG Photonics	145×
POWIPower Integrations	33.2×
VECOVeeco Instruments	30.2×
Peer median	31.7×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Enphase Energy

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.