Energizer Holdings, Inc. (ENR) Financial Ratios
13 years of historical data (2013–2025) · Industrials · Electrical Equipment & Parts
EV/EBITDA
↓
7.30
↓-20% vs avg
5yr avg: 9.11
30Y Low7.8·High14.9
P/FCF
↑
23.32
↑+42% vs avg
5yr avg: 16.39
30Y Low6.9·High31.1
P/B Ratio
↑
9.12
↓-23% vs avg
5yr avg: 11.91
30Y Low5.4·High147.0
ROE
↑
156.4%
↓+266% vs avg
5yr avg: 42.8%
30Y Low-95%·High171%
Debt/EBITDA
↓
5.41
↓-8% vs avg
5yr avg: 5.86
30Y Low3.1·High7.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ENR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Energizer Holdings, Inc. trades at 6.5x earnings, 75% below its 5-year average of 25.9x, sitting at the 0th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a discount of 75%. On a free-cash-flow basis, the stock trades at 23.3x P/FCF, 42% above the 5-year average of 16.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.5B | $1.8B | $2.3B | $2.3B | $1.8B | $2.7B | $2.7B | $2.9B | $3.6B | $2.9B | $3.1B |
| Enterprise Value | $4.8B | $5.1B | $5.4B | $5.6B | $5.2B | $6.0B | $5.7B | $6.2B | $5.5B | $3.6B | $3.9B |
| P/E Ratio → | 6.48 | 7.50 | 61.08 | 16.52 | — | 18.51 | 57.56 | 57.34 | 38.59 | 14.30 | 24.49 |
| P/S Ratio | 0.50 | 0.61 | 0.80 | 0.78 | 0.58 | 0.89 | 0.98 | 1.18 | 2.00 | 1.64 | 1.91 |
| P/B Ratio | 9.12 | 10.55 | 17.00 | 11.01 | 13.46 | 7.54 | 8.71 | 5.39 | 146.98 | 33.87 | — |
| P/FCF | 23.32 | 28.36 | 6.96 | 6.85 | — | 23.37 | 8.66 | 31.07 | 17.61 | 16.76 | 18.90 |
| P/OCF | 10.02 | 12.18 | 5.37 | 5.87 | 1757.29 | 14.93 | 7.15 | 19.62 | 15.75 | 14.62 | 16.10 |
P/E links to full P/E history page with 30-year chart
ENR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Energizer Holdings, Inc.'s enterprise value stands at 7.3x EBITDA, 20% below its 5-year average of 9.1x. The Industrials sector median is 13.9x, placing the stock at a 47% discount 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 | — | 1.72 | 1.87 | 1.88 | 1.70 | 1.99 | 2.09 | 2.47 | 3.08 | 2.05 | 2.37 |
| EV / EBITDA | 7.30 | 7.79 | 9.48 | 9.61 | 9.49 | 9.19 | 10.00 | 11.79 | 14.95 | 10.23 | 13.60 |
| EV / EBIT | 9.06 | 11.05 | 25.78 | 14.99 | — | 19.44 | 22.15 | 26.39 | 20.30 | 11.08 | 17.86 |
| EV / FCF | — | 80.52 | 16.28 | 16.40 | — | 52.39 | 18.40 | 65.36 | 27.08 | 20.88 | 23.48 |
ENR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Energizer Holdings, Inc. earns an operating margin of 17.8%, above the Industrials sector average of 4.3%. Operating margins have expanded from 15.4% to 17.8% over the past 3 years, signaling improving operational efficiency. Return on equity of 156.4% is exceptionally high, though this is partly amplified by negative book value driven by aggressive share buybacks — well above the sector median of 8.2%. ROIC of 11.8% represents solid returns on invested capital versus a sector median of 6.1%.
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 | 40.6% | 40.6% | 38.2% | 36.8% | 34.8% | 39.0% | 39.6% | 41.0% | 45.6% | 45.6% | 43.6% |
| Operating Margin | 17.8% | 17.8% | 15.6% | 15.4% | 13.9% | 17.7% | 16.8% | 17.3% | 18.1% | 17.1% | 15.3% |
| Net Profit Margin | 8.1% | 8.1% | 1.3% | 4.7% | -7.6% | 5.3% | 1.8% | 2.0% | 5.2% | 11.5% | 7.8% |
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 | 156.4% | 156.4% | 22.0% | 82.3% | -95.2% | 48.4% | 11.3% | 18.0% | 170.6% | 731.4% | — |
| ROA | 5.4% | 5.4% | 0.9% | 3.1% | -4.8% | 3.0% | 0.9% | 1.2% | 3.7% | 11.3% | 7.6% |
| ROIC | 11.8% | 11.8% | 10.1% | 9.8% | 8.8% | 11.4% | 9.7% | 11.3% | 17.7% | 29.7% | 32.2% |
| ROCE | 14.5% | 14.5% | 12.3% | 11.9% | 10.7% | 13.2% | 10.9% | 12.6% | 17.7% | 24.6% | 21.3% |
ENR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Energizer Holdings, Inc. carries a Debt/EBITDA ratio of 5.4x, which is highly leveraged (67% above the sector average of 3.2x). Net debt stands at $3.3B ($3.5B total debt minus $236M cash). Interest coverage of just 3.0x 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 | 20.79 | 20.79 | 24.36 | 16.40 | 27.74 | 10.04 | 13.85 | 6.43 | 100.33 | 12.77 | — |
| Debt / EBITDA | 5.41 | 5.41 | 5.81 | 5.98 | 6.64 | 5.46 | 7.48 | 6.68 | 6.64 | 3.10 | 3.66 |
| Net Debt / Equity | — | 19.40 | 22.76 | 15.34 | 26.16 | 9.37 | 9.80 | 5.95 | 79.02 | 8.33 | — |
| Net Debt / EBITDA | 5.05 | 5.05 | 5.43 | 5.60 | 6.27 | 5.09 | 5.30 | 6.18 | 5.23 | 2.02 | 2.65 |
| Debt / FCF | — | 52.16 | 9.32 | 9.55 | — | 29.02 | 9.74 | 34.29 | 9.47 | 4.12 | 4.58 |
| Interest Coverage | 2.98 | 2.98 | 1.35 | 2.20 | -0.94 | 1.91 | 1.33 | 1.03 | 2.80 | 6.10 | 4.00 |
ENR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Energizer Holdings, Inc.'s current ratio of 2.11x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.13x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.11 | 2.11 | 1.80 | 2.12 | 2.28 | 1.52 | 1.34 | 1.91 | 1.56 | 1.75 | 1.67 |
| Quick Ratio | 1.13 | 1.13 | 1.00 | 1.24 | 1.17 | 0.75 | 1.03 | 1.47 | 1.13 | 1.21 | 1.13 |
| Cash Ratio | 0.30 | 0.30 | 0.26 | 0.30 | 0.29 | 0.25 | 0.76 | 0.24 | 0.70 | 0.65 | 0.54 |
| Asset Turnover | — | 0.65 | 0.66 | 0.66 | 0.67 | 0.60 | 0.48 | 0.46 | 0.57 | 0.96 | 0.94 |
| Inventory Turnover | 2.24 | 2.24 | 2.71 | 2.88 | 2.58 | 2.53 | 3.24 | 3.14 | 3.03 | 3.01 | 3.19 |
| Days Sales Outstanding | — | 66.72 | 62.53 | 69.43 | 57.36 | 43.36 | 47.71 | 52.19 | 48.79 | 50.71 | 48.82 |
ENR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Energizer Holdings, Inc. returns 11.7% to shareholders annually — split between a 5.6% dividend yield and 6.1% buyback yield. The payout ratio of 36.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 15.4% (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 | 5.6% | 4.9% | 3.8% | 3.7% | 4.8% | 3.1% | 3.2% | 2.8% | 1.9% | 2.4% | 2.0% |
| Payout Ratio | 36.4% | 36.4% | 229.4% | 61.4% | — | 52.1% | 176.8% | 162.4% | 74.9% | 34.3% | 49.1% |
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 | 15.4% | 13.3% | 1.6% | 6.1% | — | 5.4% | 1.7% | 1.7% | 2.6% | 7.0% | 4.1% |
| FCF Yield | 4.3% | 3.5% | 14.4% | 14.6% | — | 4.3% | 11.6% | 3.2% | 5.7% | 6.0% | 5.3% |
| Buyback Yield | 6.1% | 5.0% | 0.2% | 0.1% | 0.1% | 3.6% | 1.7% | 1.5% | 1.9% | 2.1% | 1.0% |
| Total Shareholder Yield | 11.7% | 9.9% | 4.0% | 3.8% | 5.0% | 6.7% | 4.8% | 4.4% | 3.9% | 4.5% | 3.0% |
| Shares Outstanding | — | $72M | $73M | $72M | $70M | $69M | $69M | $67M | $61M | $63M | $63M |
Peer Comparison
Compare ENR 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 |
|---|---|---|---|---|---|---|---|---|---|
 ENRYou | $1B | 6.5 | 7.3 | 23.3 | 40.6% | 17.8% | 156.4% | 11.8% | 5.4 |
 PBI | $3B | 20.8 | 9.1 | 8.7 | 54.1% | 20.4% | — | 27.2% | 4.5 |
 SPB | $2B | 21.8 | 11.1 | 11.7 | 36.7% | 4.4% | 4.9% | 3.9% | 2.9 |
 HRB | $4B | 7.8 | 6.0 | 7.3 | 44.5% | 22.0% | 675.0% | 46.4% | 2.5 |
 RCKY | $314M | 14.1 | 9.3 | 32.3 | 40.9% | 7.7% | 9.2% | 7.6% | 2.6 |
 CHD | $23B | 31.7 | 18.5 | 20.7 | 44.7% | 17.4% | 17.6% | 13.9% | 1.7 |
 PC | $188M | -19.9 | — | 408.9 | 16.1% | -28.8% | — | -22.3% | — |
 PG | $351B | 23.1 | 16.2 | 25.0 | 51.2% | 24.3% | 31.1% | 20.1% | 1.5 |
 CL | $72B | 34.0 | 15.8 | 19.8 | 60.1% | 21.3% | 469.1% | 43.4% | 1.6 |
 KMB | $34B | 16.9 | 13.1 | 20.8 | 35.6% | 14.5% | 153.9% | 23.3% | 2.3 |
 EPC | $1B | 43.6 | 12.8 | 25.7 | 41.6% | 4.3% | 1.6% | 2.6% | 8.3 |
| Industrials Median | — | 25.6 | 13.9 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 13 years · Updated daily
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ENR — Frequently Asked Questions
Quick answers to the most common questions about buying ENR stock.
What is Energizer Holdings, Inc.'s P/E ratio?
Energizer Holdings, Inc.'s current P/E ratio is 6.5x. The historical average is 32.9x.
What is Energizer Holdings, Inc.'s EV/EBITDA?
Energizer Holdings, Inc.'s current EV/EBITDA is 7.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.5x.
What is Energizer Holdings, Inc.'s ROE?
Energizer Holdings, Inc.'s return on equity (ROE) is 156.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 40.9%.
Is ENR stock overvalued?
Based on historical data, Energizer Holdings, Inc. is trading at a P/E of 6.5x. Compare with industry peers and growth rates for a complete picture.
What is Energizer Holdings, Inc.'s dividend yield?
Energizer Holdings, Inc.'s current dividend yield is 5.62% with a payout ratio of 36.4%.
What are Energizer Holdings, Inc.'s profit margins?
Energizer Holdings, Inc. has 40.6% gross margin and 17.8% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Energizer Holdings, Inc. have?
Energizer Holdings, Inc.'s Debt/EBITDA ratio is 5.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.