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Energizer Holdings (ENR) Fair Value & Analysis

Industrials · US · Market cap $1.5B

EH Energizer Holdings logo Energizer Holdings ENR · US
Price$21.54
Fair Value$21.42
Upside-0.6%
Quality54/100
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Weak Growth
Thin margins · 6.6% net margin
High debt · generates free cash flow
6.01% dividend yield
Ranks above peers (11/15)
Moderate moat 63/100
Evidence: High Range $12.35 – $76.49 Share as image

Fair value as of: Jul 16, 2026

From 21 valuation models · updated 22 days ago

Share price +4.1% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The model range is unusually wide ($12.35 to $76.49). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
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Price vs Fair Value (5 years)

$40.82 $15.93 Fair Value $21.42 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range $15.93 – $40.82 · fair‑value band $12.35 – $76.49 · the $21.54 price screens above the $21.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Energizer Holdings (ENR) currently trades at $21.54, while our model-based Fair Value estimate is $21.42, implying the stock looks roughly 0.6% fairly valued today. We read business quality at 54/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Energizer Holdings generated revenue of $3.0B at a net margin of 6.6%. Revenue declined 3.0% year over year. It earns a return on equity of 127.1%. Net debt stands at $3.3B. Fundamentals as of Jul 16, 2026

Our scenario range runs from $12.35 (bear case) to $76.49 (bull case); at $21.54, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 25% below its 52-week high and 37% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -1%, ENR screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income $11.65 $20.11 $408.17 76
Rev-Margin DCF $15.43 $41.87 74
ROIC Compounder $1.77 $9.77 $18.23 72
All 21 models by family
DCF Models
Owner Earnings $2.10 $17.11 31
5Y Revenue Exit $15.75 $47.75 39
5Y EBITDA Exit $31.94 $68.63 41
5Y P/E Exit $4.31 $24.90 38
10Y Revenue Exit $19.86 36
10Y EBITDA Exit $5.54 $33.68 37
10Y P/E Exit $4.74 35
Earnings-Based
Graham-Dodd $23.73 $53.79 $68.87 54
PEG = 1.0 $8.87 $12.67 $16.47 46
EPV $1.77 $8.32 $13.79 59
Multiples
P/E Multiple $52.36 $69.81 $87.26 63
P/S Multiple $44.50 $59.34 $74.17 58
P/B Multiple $5.58 $7.44 $9.30 55
EV/EBIT $43.84 $73.89 $103.95 53
EV/EBITDA $36.84 $64.55 $92.27 54
EV/Revenue $14.45 $40.50 $66.55 43
Asset-Based
NCAV (Graham) $1.24 $1.66 $2.48 50
Growth DCF
Rev-Margin DCF $15.43 $41.87 74
Economic Profit
Residual Income $11.65 $20.11 $408.17 76
ROIC Compounder $1.77 $9.77 $18.23 72
Growth Earnings
Growth-Adj P/E $39.35 $56.21 $73.08 68

Widest divergence: Multiples ($59.34) versus Asset-Based ($1.66). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) $3.0B
Revenue growth (YoY) -3.0%
Net margin 6.6%
Return on equity 127%
Free cash flow $63.2M FY2025
P/E ratio 7.9
More key figures
Operating margin 18.6%
EPS (TTM) $2.73
Dividend yield 6.0%
EPS growth (YoY) -62.2%
Net debt $3.3B FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 47 · Market factors (momentum, volatility) 46

Profitability 55
Margins and returns on capital today
Quality Growth 69
Are margins and returns improving?
Cashflow 18
Earnings quality: real cash, not paper profit
Fin. Strength 11
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Energizer Holdings, Inc., together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide.

Full company description

Energizer Holdings, Inc., together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers household batteries, including primary, rechargeable, specialty, and hearing aid under the Energizer, Eveready, Rayovac, and Varta brands; and protectants, wipes, tire and wheel care products, glass cleaners, leather care products, air fresheners, and washes under the Armor All, Nu Finish, Refresh Your Car!, LEXOL, Eagle One, NEVR-DULL, California Scents, Driven, Bahama & Co, Carnu, Grand Prix, Kit, Tempo, and Centralsul brands. The company also provides fuel and oil additives, functional fluids, and other performance chemical products under the STP brand; automotive air conditioning recharge products, other refrigerant and recharge kits, sealants, and accessories under the A/C PRO brand name. In addition, it distributes and markets lighting products comprising handheld, headlights, lanterns, and area lights; flashlights under the Hard Case, Dolphin, and WeatherReady brands; and licenses brands to developing consumer solutions in solar, automotive batteries, portable power for critical devices, generators, power tools, household light bulbs, and other lighting products. The company sells its products through direct sales force, distributors, and wholesalers, as well as retail locations, mass merchandisers and warehouse clubs, food, drug and convenience stores, electronics specialty stores and department stores, hardware and automotive centers, e-commerce, and military stores. Energizer Holdings, Inc. was incorporated in 2015 and is headquartered in Saint Louis, Missouri.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Energizer Holdings reported revenue of $3.0B in FY2025 versus $3.0B in FY2021, a compound −0.6%/yr. Reported net income was $239M in FY2025, compounding +10.4%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$3.0B
Latest YoY
+2.3%
Avg. growth/yr (3Y)
−1.1%
Avg. growth/yr (5Y)
+1.5%
Avg. growth/yr (13Y)
+2.7%
Revenue −0.6%/yr
FY21 $3.0B
FY22 $3.1B
FY23 $3.0B
FY24 $2.9B
FY25 $3.0B
Net income +10.4%/yr
FY21 $161M
FY22 −$232M
FY23 $141M
FY24 $38.1M
FY25 $239M

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Cite: Fair Value Calculator (2026). "Energizer Holdings Fair Value". https://www.fairvalue-calculator.com/stock/ENR

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Electrical Equipment & Parts · 519 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 54 · Above median
Fair Value upside −1% · Top 25%
Return on equity (TTM) 127% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 19% · Top 25%
Revenue growth -3% · Bottom 25%
Dividend yield (TTM) 6.0% · Top 25%
Debt / equity 20.06× · Higher than 75% of peers

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 7.9× · Cheaper than 75% of peers
P/B 8.67× · Pricier than 75% of peers
P/S (TTM) 0.49× · Cheaper than 75% of peers
P/FCF 23.3× · Pricier than 75% of peers
EV/EBITDA 7.5× · Cheaper than 75% of peers
PEG 1.28× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 33 · sector 0
FUTURE 0 · sector 57
PAST 100 · sector 27
HEALTH 0 · sector 97
DIVIDEND 100 · sector 18

Insider activity: 66/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 12.39 SGD 1.48 SGD -88%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Energizer Holdings (ENR) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of $21.42 versus a price of $21.54, about −1% (fairly valued).
What is the fair value of ENR?
Our model-based fair value for Energizer Holdings is $21.42 (as of Jul 16, 2026), built from audited fundamentals. The current price is $21.54.
What is the quality score of ENR?
Energizer Holdings has a Quality Score of 54/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Energizer Holdings (ENR)?
Energizer Holdings reported trailing-twelve-month revenue of about $3.0B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of ENR?
The net profit margin of Energizer Holdings is about 6.6%, meaning it keeps roughly 6.6% of revenue as net income. Based on the latest reported figures.
Does Energizer Holdings pay a dividend?
Energizer Holdings currently shows a dividend yield of about 6.01% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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