Enlight Renewable Energy Ltd (ENLT) Financial Ratios
15 years of historical data (2011–2025) · Utilities · Renewable Utilities
EV/EBITDA
↓
39.35
↑+121% vs avg
5yr avg: 17.81
30Y Low15.5·High20.8
P/FCF
N/A
—
5yr avg: 15.84
30Y Low15.8·High15.8
P/B Ratio
↓
5.63
↑+313% vs avg
5yr avg: 1.36
30Y Low1.0·High1.7
ROE
↑
11.8%
↓+135% vs avg
5yr avg: 5.0%
30Y Low-20%·High26%
Debt/EBITDA
↓
13.15
↓-23% vs avg
5yr avg: 17.12
30Y Low5.8·High33.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ENLT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Enlight Renewable Energy Ltd trades at 77.6x earnings, 550% above its 5-year average of 11.9x, sitting at the 100th percentile of its historical range. Compared to the Utilities sector median P/E of 20.1x, the stock trades at a premium of 287%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $12.6B | $6.0B | $2.1B | $2.4B | — | — | — | — | — | — | — |
| Enterprise Value | $17.4B | $20.1B | $4.9B | $4.7B | — | — | — | — | — | — | — |
| P/E Ratio → | 77.61 | 13.29 | 13.27 | 9.25 | — | — | — | — | — | — | — |
| P/S Ratio | 22.03 | 3.59 | 5.33 | 9.08 | — | — | — | — | — | — | — |
| P/B Ratio | 5.63 | 0.97 | 1.48 | 1.65 | — | — | — | — | — | — | — |
| P/FCF | — | — | — | 15.84 | — | — | — | — | — | — | — |
| P/OCF | 51.11 | 8.34 | 10.84 | 15.84 | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
ENLT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Enlight Renewable Energy Ltd's enterprise value stands at 39.4x EBITDA, 121% above its 5-year average of 17.8x. The Utilities sector median is 11.4x, placing the stock at a 246% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 11.99 | 12.18 | 17.87 | — | — | — | — | — | — | — |
| EV / EBITDA | 39.35 | 15.51 | 17.08 | 20.84 | — | — | — | — | — | — | — |
| EV / EBIT | 65.25 | 25.72 | 26.43 | 24.91 | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | 31.19 | — | — | — | — | — | — | — |
ENLT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Enlight Renewable Energy Ltd earns an operating margin of 46.6%, significantly above the Utilities sector average of 19.9%. Operating margins have compressed from 60.6% to 46.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 11.8% is modest. ROIC of 4.8% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.8% | 41.8% | 52.5% | 54.6% | 57.0% | 59.8% | 57.4% | 61.8% | 53.0% | 45.6% | 32.8% |
| Operating Margin | 46.6% | 46.6% | 44.0% | 60.6% | 47.2% | 33.6% | 40.3% | 42.1% | 22.6% | -2.3% | -11.6% |
| Net Profit Margin | 27.0% | 27.0% | 11.1% | 27.2% | 12.9% | 10.9% | -62.4% | -9.1% | 3.3% | 3.0% | 11.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.8% | 11.8% | 3.1% | 5.7% | 2.7% | 1.8% | -9.7% | -1.0% | 0.5% | 0.3% | 1.4% |
| ROA | 2.8% | 2.8% | 0.9% | 1.7% | 0.8% | 0.5% | -2.8% | -0.2% | 0.1% | 0.1% | 0.2% |
| ROIC | 4.8% | 4.8% | 3.3% | 3.5% | 2.6% | 1.4% | 1.7% | 1.0% | 0.6% | -0.0% | -0.2% |
| ROCE | 5.8% | 5.8% | 3.9% | 4.4% | 3.1% | 1.7% | 2.1% | 1.2% | 0.8% | -0.1% | -0.3% |
ENLT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Enlight Renewable Energy Ltd carries a Debt/EBITDA ratio of 13.2x, which is highly leveraged (177% above the sector average of 4.8x). Net debt stands at $14.1B ($17.1B total debt minus $3.0B cash). Interest coverage of just 1.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.73 | 2.73 | 2.16 | 1.88 | 2.06 | 2.40 | 2.28 | 2.06 | 3.53 | 3.07 | 3.79 |
| Debt / EBITDA | 13.15 | 13.15 | 10.96 | 12.05 | 16.26 | 33.15 | 26.49 | 23.31 | 71.47 | — | — |
| Net Debt / Equity | — | 2.25 | 1.90 | 1.60 | 1.87 | 2.05 | 1.92 | 1.41 | 3.16 | 2.82 | 3.26 |
| Net Debt / EBITDA | 10.86 | 10.86 | 9.60 | 10.25 | 14.80 | 28.30 | 22.26 | 15.97 | 63.97 | — | — |
| Debt / FCF | — | — | — | 15.34 | — | 29.87 | — | — | — | — | — |
| Interest Coverage | 1.38 | 1.38 | 1.86 | 2.99 | 1.83 | 1.89 | -0.75 | 1.16 | 0.27 | 1.18 | 0.23 |
ENLT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.67x is below 1.0, meaning current liabilities exceed current assets — though the company's $3.0B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 1.14x to 0.67x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.67 | 0.67 | 1.20 | 1.14 | 1.10 | 2.06 | 0.84 | 2.69 | 1.54 | 1.98 | 2.47 |
| Quick Ratio | 0.67 | 0.67 | 1.20 | 1.14 | 1.10 | 2.06 | 0.84 | 2.69 | 1.54 | 1.98 | 2.47 |
| Cash Ratio | 0.58 | 0.58 | 0.65 | 0.70 | 0.60 | 1.52 | 0.67 | 2.39 | 0.86 | 1.31 | 2.33 |
| Asset Turnover | — | 0.06 | 0.07 | 0.06 | 0.05 | 0.04 | 0.04 | 0.04 | 0.03 | 0.02 | 0.02 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
ENLT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Enlight Renewable Energy Ltd does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 1.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | 149.5% | 378.7% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.3% | 7.5% | 7.5% | 10.8% | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | 6.3% | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — | — | — |
| Shares Outstanding | — | $133M | $123M | $124M | $100M | $98M | $78M | $62M | $53M | $49M | $36M |
Peer Comparison
Compare ENLT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ENLTYou | $13B | 77.6 | 39.4 | — | 41.8% | 46.6% | 11.8% | 4.8% | 13.2 |
 CWEN | $8B | 27.4 | 16.4 | 21.7 | 15.2% | 12.3% | 2.9% | 0.9% | 9.6 |
 ARRY | $1B | -11.2 | — | — | 23.2% | -2.3% | -19.0% | -5.9% | — |
 BE | $71B | -798.0 | 579.7 | 1241.1 | 29.0% | 3.6% | -12.8% | 4.1% | 24.3 |
 BEP | $10B | -499.7 | 13.1 | — | 16.8% | 13.4% | -0.1% | 0.9% | 10.7 |
 HASI | $5B | 30.5 | 39.2 | 24.2 | 99.6% | 66.2% | 7.3% | 2.7% | 19.1 |
 AMRC | $2B | 37.1 | 15.2 | — | 15.7% | 6.5% | 4.1% | 3.3% | 8.5 |
 NEE | $201B | 29.3 | 19.1 | — | 62.8% | 30.1% | 10.7% | 4.1% | 6.2 |
 ENPH | $5B | 27.9 | 22.5 | 49.5 | 46.6% | 11.2% | 17.9% | 6.8% | 5.1 |
 SEDG | $3B | -6.5 | — | 32.9 | 15.3% | -24.1% | -74.7% | -29.5% | — |
 FSLR | $24B | 15.4 | 9.6 | 19.8 | 40.6% | 32.3% | 17.4% | 17.6% | 0.2 |
| Utilities Median | — | 20.1 | 11.4 | 15.1 | 40.9% | 19.9% | 9.4% | 4.8% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonENLT — Frequently Asked Questions
Quick answers to the most common questions about buying ENLT stock.
What is Enlight Renewable Energy Ltd's P/E ratio?
Enlight Renewable Energy Ltd's current P/E ratio is 77.6x. The historical average is 11.9x. This places it at the 100th percentile of its historical range.
What is Enlight Renewable Energy Ltd's EV/EBITDA?
Enlight Renewable Energy Ltd's current EV/EBITDA is 39.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.8x.
What is Enlight Renewable Energy Ltd's ROE?
Enlight Renewable Energy Ltd's return on equity (ROE) is 11.8%. The historical average is 4.6%.
Is ENLT stock overvalued?
Based on historical data, Enlight Renewable Energy Ltd is trading at a P/E of 77.6x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Enlight Renewable Energy Ltd's profit margins?
Enlight Renewable Energy Ltd has 41.8% gross margin and 46.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Enlight Renewable Energy Ltd have?
Enlight Renewable Energy Ltd's Debt/EBITDA ratio is 13.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.