EnerSys ENS
United StatesIndustrials · Electrical Equipment & PartsUSD
249.48 USD (+36.7%)
4 analysts
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EnerSys is a US manufacturer of industrial batteries and energy storage systems, selling to sectors such as telecommunications, transportation, industry and defense, with recurring revenue from replacement and services.
Key points
from its scores- ✓Good share-price trend9.0
- ✓Strong growth7.6
- ✓Very solid balance sheet7.4
- ✕Little or no dividend3.5
- !Risks to watch5.4
AI analysis
bottom line, main risk, context and newsSolid fundamentals, reasonable valuation and strong momentum, with the only drag being an unattractive dividend.
EnerSys has a very healthy balance sheet (ND/EBITDA 0.93, current ratio 2.79), high free cash flow conversion (99.1%) and earnings growth of 111.6% which, although one-off, reflects a business with good ROIC (17.37%). Valuation is reasonable (forward P/E 12.69) and momentum is strong (9.0), though the dividend is low (0.63%).
The main risk is dependence on industrial battery replacement demand, sensitive to telecom and transport investment cycles, and exposure to raw material costs such as lead and lithium, which could compress margins if they rise.
Context and risks
EnerSys has no recent relevant news or regulatory, geopolitical or business model exposure not already reflected in its metrics. Its debt profile is low (ND/EBITDA 0.93) and its industrial battery business does not depend on shipping routes or critical raw materials in conflict.
Is EnerSys stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 22% below the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 19.5 | 25.4 | −23% |
| EV / EBITDA | 11.5 | 14.5 | −20% |
| Price / book | 3.4 | 4.1 | −17% |
| Price / sales | 1.7 | 2.1 | −16% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.9 out of 10 (median for Industrials: 5.0).
Average analyst target: 249.48 USD, +36.7% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 7.4 (sector 6.4), Growth 7.6 (sector 6.6).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 19.5
- Forward P/E
- 12.7
- EV / EBITDA
- 11.5
- Price / book
- 3.4
- Price / sales
- 1.7
- PEG
- 1.01
- Market cap
- 6.6B USD
- Enterprise value
- 7.2B USD
Profitability
- ROE
- 18.4%
- ROA
- 7.8%
- ROIC (approx.)
- 17.4%
- Gross margin
- 29.8%
- Operating margin
- 14.0%
- Net margin
- 9.3%
- Free cash flow
- 614.7M USD
- FCF yield
- 9.3%
- Cash conversion
- 99%
Solvency
- Total debt
- 1.1B USD
- Net debt
- 576.7M USD
- Cash
- 530.7M USD
- EBITDA
- 620.2M USD
- Net debt / EBITDA
- 0.93
- Debt / equity
- 56.11
- Current ratio
- 2.79
- Quick ratio
- 1.29
Growth
- Revenue growth
- +4.8%
- Earnings growth
- +111.6%
- EPS (TTM)
- 9.34 USD
- EPS (forward)
- 14.38 USD
Dividend
- Dividend yield
- 0.6%
- Payout
- 11.2%
Risk and market
- Beta
- 1.19
- Analyst consensus
- Buy (4)
- Target price
- 249.48 USD
- 52-week range
- 108.88 – 244.30
Recent news
All ENS news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about EnerSys
Is EnerSys stock cheap or expensive?
On P/E and EV / EBITDA, it trades 22% below the Industrials median on average. Valuation score: 6.9 out of 10 (median for Industrials: 5.0). Average analyst target: 249.48 USD, +36.7% versus the price. This is not investment advice.
What score does EnerSys get on MeridIAn Screener?
It scores 6.7 out of 10, rank 378 of 2,130 (better than 80% of the companies analysed). Its strongest category is Momentum (9.0) and its weakest, Dividend (3.5). Analysis of 08/10/2026.
What is EnerSys's P/E ratio?
Its P/E is 19.5: the share price equals 19.5 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 12.7.
How much is EnerSys worth on the stock market?
Its market capitalisation is 6.6B USD and its enterprise value, debt included, is 7.2B USD.
How much debt does EnerSys have?
Its net debt (debt minus cash) is 576.7M USD. That is 0.93 times its EBITDA; the Industrials median is 1.58.
Does EnerSys pay a dividend?
Yes: its dividend yield is 0.63% and it pays out 11% of its earnings.
How has EnerSys stock performed over the last year?
It has risen 67.9% over the last year, excluding dividends. Over the last 52 weeks it has traded between 108.88 and 244.30 USD. Past performance does not guarantee future results.
What do analysts think of EnerSys?
4 analysts cover it; their average recommendation is “Buy” and their average target is 249.48 USD (+36.7% versus the price). It is an estimate, not market data.