EnerSys (ENS) intrinsic value & 10-year financials
EnerSys (ENS) has a Graham intrinsic value of $162.76 per share. At $168.72 on Oct 17, 2026, the stock trades 4% above that value. Over the last 10 fiscal years revenue grew 5.2% a year to $3.8B, with an average return on invested capital of 11.8%.
- Graham intrinsic value
- $162.76
- Share price (Oct 17, 2026)
- $168.72
- Price vs Graham value
- 4% above
- Market cap
- $6.4B
- Revenue (FY2026)
- $3.8B
- Revenue growth (10-yr CAGR)
- 5.2%
- ROIC (10-yr avg)
- 11.8%
- Free cash flow (FY2026)
- $467.5M
ENS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $3.8B | $293.6M | $7.70 | $467.5M | 11.4% | 13.9% |
| FY2025 | $3.6B | $363.7M | $8.99 | $139.3M | 12.8% | 17.0% |
| FY2024 | $3.6B | $269.1M | $6.50 | $370.6M | 9.8% | 14.3% |
| FY2023 | $3.7B | $175.8M | $4.25 | $191.2M | 7.5% | 10.0% |
| FY2022 | $3.4B | $143.9M | $3.36 | -$139.6M | 6.1% | 7.8% |
| FY2021 | $3.0B | $143.4M | $3.32 | $288.4M | 7.3% | 8.8% |
| FY2020 | $3.1B | $137.1M | $3.20 | $152.0M | 6.2% | 8.8% |
| FY2019 | $2.8B | $160.2M | $3.73 | $127.5M | 7.6% | 11.7% |
| FY2018 | $2.6B | $119.6M | $2.77 | $141.2M | 10.4% | 11.1% |
| FY2017 | $2.4B | $160.2M | $3.64 | $196.0M | 10.0% | 14.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
EnerSys has demonstrated mature, steady growth, with revenue compounding at 5.2% annually over the past decade.
EnerSys returns on capital have been average, hovering around 11.8% ROIC over the decade.
Over the decade, EnerSys shows that management has aggressively returned capital to shareholders by retiring 13.3% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, EnerSys is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $162.76 per share.