Energizer Holdings, Inc. (ENR) Key Metrics
ENR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.49B
- Enterprise value
- $4.79B
- P/E (TTM)
- 18.2 10-yr median 20.6
- Forward P/E
- 6.5
- PEG ratio
- 1.35
- Price / sales
- 0.5 10-yr median 0.9
- Price / book
- 7.5 10-yr median 11.0
- EV / EBITDA
- 11.9 10-yr median 15.3
- Dividend yield
- 5.53% $1.20 a year
- Beta
- 0.78
ENR key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsENR valuation Price multiples at each fiscal year-end price.
ENR returns How much profit the business earns on the capital it uses.
ENR per-share figures Results divided by the shares outstanding at year-end.
ENR financial health Debt, liquidity and how easily interest is covered.
ENR efficiency & capital use Working capital cycle and where the cash goes.
ENR valuation history
ENR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ENR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ENR cash returned to shareholders
ENR price vs earnings per share
ENR key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.79B | $2.31B | $2.32B | $1.76B | $2.68B | $2.72B | $2.93B | $3.60B | $2.88B | $3.12B |
| Enterprise value | $5.09B | $5.40B | $5.55B | $5.17B | $6.01B | $5.75B | $6.17B | $5.54B | $3.59B | $3.88B |
| P/E ratio | 7.5 | 60.6 | 16.5 | — | 16.7 | — | 57.4 | 38.5 | 14.3 | 24.5 |
| Price / sales | 0.6 | 0.8 | 0.8 | 0.6 | 0.9 | 1.0 | 1.2 | 2.0 | 1.6 | 1.9 |
| Price / book | 10.5 | 17.0 | 11.0 | 13.5 | 7.5 | 8.8 | 5.4 | 147.0 | 33.9 | — |
| Price / free cash flow | 28.4 | 7.0 | 6.9 | — | 23.4 | 8.7 | 31.1 | 17.6 | 16.8 | 18.9 |
| Price / operating cash flow | 12.2 | 5.4 | 5.9 | — | 14.9 | 7.2 | 19.6 | 15.7 | 14.6 | 16.1 |
| EV / sales | 1.7 | 1.9 | 1.9 | 1.7 | 2.0 | 2.1 | 2.5 | 3.1 | 2.0 | 2.4 |
| EV / EBITDA | 9.0 | 16.4 | 11.9 | — | 13.8 | 15.4 | 15.7 | 17.4 | 9.5 | 15.3 |
| EV / free cash flow | 80.5 | 16.3 | 16.4 | — | 52.4 | 18.5 | 65.4 | 27.1 | 20.9 | 23.5 |
| Earnings yield | 13.3% | 1.7% | 6.1% | −13.2% | 6.0% | −3.4% | 1.7% | 2.6% | 7.0% | 4.1% |
| Free cash flow yield | 3.5% | 14.4% | 14.6% | −5.2% | 4.3% | 11.4% | 3.2% | 5.7% | 6.0% | 5.3% |
| Dividend yield | 4.9% | 3.8% | 3.7% | 5.3% | 3.7% | 3.7% | 3.1% | 1.9% | 2.4% | 2.0% |
| Shareholder yield (dividends + buybacks) | 9.9% | 4.0% | 3.8% | 9.6% | 7.3% | 5.4% | 4.6% | 3.9% | 4.5% | 3.0% |
| Share price at fiscal year-end | $24.89 | $31.76 | $32.04 | $25.14 | $39.05 | $39.14 | $43.58 | $58.65 | $46.05 | $49.96 |
| Per share | ||||||||||
| Revenue per share | $41.01 | $39.71 | $40.88 | $43.64 | $43.98 | $39.49 | $37.07 | $29.28 | $28.05 | $26.15 |
| Earnings per share | $3.32 | $0.52 | $1.94 | −$3.31 | $2.34 | −$1.34 | $0.76 | $1.52 | $3.22 | $2.04 |
| Operating cash flow per share | $2.04 | $5.91 | $5.46 | $0.01 | $2.62 | $5.42 | $2.22 | $3.72 | $3.15 | $3.10 |
| Free cash flow per share | $0.88 | $4.56 | $4.67 | −$1.31 | $1.67 | $4.48 | $1.40 | $3.33 | $2.75 | $2.64 |
| Cash per share | $3.28 | $2.98 | $3.08 | $2.94 | $3.48 | $17.98 | $3.84 | $8.50 | $6.04 | $4.60 |
| Book value per share | $2.36 | $1.87 | $2.91 | $1.87 | $5.18 | $4.45 | $8.08 | $0.40 | $1.36 | −$0.48 |
| Tangible book value per share | −$26.21 | −$27.25 | −$28.22 | −$31.02 | −$37.40 | −$37.64 | −$35.96 | −$7.37 | −$5.89 | −$7.91 |
| Dividends per share | $1.21 | $1.20 | $1.19 | $1.33 | $1.46 | $1.46 | $1.35 | $1.14 | $1.10 | $1.00 |
| Capex per share | $1.17 | $1.35 | $0.78 | $1.32 | $0.94 | $0.94 | $0.82 | $0.39 | $0.40 | $0.46 |
| Debt per share | $49.07 | $45.51 | $47.72 | $51.82 | $51.97 | $61.59 | $51.93 | $40.03 | $17.36 | $16.69 |
| Shares outstanding | 72.0M | 72.7M | 72.4M | 69.9M | 68.7M | 69.5M | 67.3M | 61.4M | 62.6M | 62.5M |
| Change in shares outstanding | −1.0% | +0.4% | +3.6% | +1.7% | −1.2% | +3.3% | +9.6% | −1.9% | +0.2% | +0.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 156.4% | 22.0% | 82.3% | −95.2% | 48.4% | −21.9% | 18.0% | 170.6% | 731.4% | — |
| Return on invested capital (ROIC) | 11.5% | 7.3% | 9.2% | 8.8% | 11.9% | 7.0% | 8.8% | 10.2% | 29.2% | 29.0% |
| Return on assets (ROA) | 5.4% | 0.9% | 3.1% | −4.8% | 3.0% | −1.7% | 1.2% | 3.7% | 11.3% | 7.6% |
| Return on tangible assets | 9.6% | 1.7% | 6.2% | −10.2% | 7.7% | −3.3% | 2.1% | 3.5% | 14.7% | 10.1% |
| Free cash flow margin | 2.1% | 11.5% | 11.4% | −3.0% | 3.8% | 11.3% | 3.8% | 11.4% | 9.8% | 10.1% |
| Income quality (OCF / net income) | 0.62 | 11.28 | 2.81 | — | 1.12 | — | 2.93 | 2.45 | 0.98 | 1.52 |
| Financial health | ||||||||||
| Total debt | $3.53B | $3.31B | $3.45B | $3.62B | $3.57B | $4.28B | $3.50B | $2.46B | $1.09B | $1.04B |
| Cash & short-term investments | $236.2M | $216.9M | $223.3M | $205.3M | $238.9M | $1.25B | $258.5M | $522.1M | $378.0M | $287.3M |
| Net debt | $3.30B | $3.09B | $3.23B | $3.42B | $3.33B | $3.03B | $3.24B | $1.94B | $708.6M | $755.8M |
| Debt / equity | 20.79 | 24.36 | 16.40 | 27.74 | 10.04 | 13.85 | 6.43 | 100.33 | 12.77 | — |
| Debt / assets | 0.78 | 0.76 | 0.77 | 0.79 | 0.71 | 0.75 | 0.64 | 0.77 | 0.60 | 0.60 |
| Net debt / EBITDA | 5.83 | 9.37 | 6.92 | — | 7.67 | 8.09 | 8.26 | 6.07 | 1.88 | 2.97 |
| Current ratio | 2.11 | 1.80 | 2.12 | 2.28 | 1.52 | 1.34 | 1.91 | 1.56 | 1.75 | 1.67 |
| Quick ratio | 1.13 | 1.00 | 1.24 | 1.17 | 0.75 | 1.03 | 1.47 | 1.13 | 1.21 | 1.13 |
| Interest coverage | 3.0 | 2.2 | 2.4 | 2.5 | 2.6 | 1.8 | 1.3 | 2.7 | 5.7 | 4.0 |
| Working capital | $884.1M | $659.1M | $822.4M | $892.1M | $493.1M | $562.5M | $967.8M | $419.9M | $438.2M | $356.4M |
| Invested capital | $3.47B | $3.23B | $3.44B | $3.55B | $3.69B | $3.34B | $3.78B | $1.96B | $793.7M | $725.8M |
| Tangible asset value | −$1.89B | −$1.98B | −$2.04B | −$2.17B | −$2.57B | −$2.62B | −$2.42B | −$452.4M | −$368.7M | −$494.4M |
| Net current asset value | −$2.71B | −$2.73B | −$2.74B | −$2.85B | −$3.21B | −$3.21B | −$2.87B | −$1.98B | −$718.3M | −$872.0M |
| Graham number | $13.28 | $4.69 | $11.27 | — | $16.52 | — | $11.75 | $3.70 | $9.92 | — |
| Graham net-net per share | −$46.60 | −$45.26 | −$45.97 | −$49.94 | −$55.02 | −$52.44 | −$61.59 | −$37.30 | −$16.28 | −$18.65 |
| Capital allocation | ||||||||||
| Dividends paid | $87.1M | $87.4M | $86.3M | $93.0M | $100.1M | $101.6M | $91.0M | $70.0M | $69.1M | $62.7M |
| Share buybacks (net) | $89.7M | $5.0M | $2.2M | $75.0M | $96.3M | $45.0M | $45.0M | $70.0M | $59.5M | $31.8M |
| Dividend payout ratio | 36.4% | 229.4% | 61.4% | — | 62.2% | — | 178.1% | 74.9% | 34.3% | 49.1% |
| Dividends + buybacks / free cash flow | 279.7% | 27.9% | 26.2% | — | 171.1% | 47.1% | 144.1% | 68.5% | 74.8% | 57.2% |
| Capex / revenue | 2.8% | 3.4% | 1.9% | 3.0% | 2.1% | 2.4% | 2.2% | 1.3% | 1.4% | 1.8% |
| Capex / operating cash flow | 57.0% | 22.8% | 14.4% | 9,250.0% | 36.1% | 17.3% | 36.9% | 10.6% | 12.8% | 14.8% |
| Capex / depreciation | 0.66 | 0.81 | 0.46 | 0.76 | 0.55 | 0.58 | 0.59 | 0.54 | 0.50 | 0.84 |
| Stock-based compensation / revenue | 0.9% | 0.8% | 0.7% | 0.4% | 0.3% | 0.9% | 1.1% | 1.6% | 1.4% | 1.2% |
| R&D / revenue | 1.1% | 1.1% | 1.1% | 1.1% | 1.1% | 1.3% | 1.3% | 1.2% | 1.3% | 1.6% |
| SG&A / revenue | 23.2% | 23.2% | 21.3% | 20.4% | 21.5% | 23.0% | 25.8% | 29.7% | 27.2% | 28.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 63.9 | 66.9 | 64.3 | 50.2 | 43.3 | 47.6 | 43.7 | 49.2 | 48.1 | 51.2 |
| Days of inventory on hand | 152.6 | 133.8 | 141.3 | 141.8 | 121.6 | 107.6 | 97.0 | 120.8 | 117.2 | 111.9 |
| Days payables outstanding | 88.6 | 82.3 | 69.6 | 74.1 | 81.7 | 74.3 | 64.6 | 84.6 | 84.3 | 76.0 |
| Cash conversion cycle (days) | 127.9 | 118.4 | 136.0 | 117.8 | 83.3 | 80.9 | 76.1 | 85.4 | 80.9 | 87.1 |
| Receivables turnover | 5.71 | 5.46 | 5.68 | 7.28 | 8.42 | 7.67 | 8.36 | 7.43 | 7.59 | 7.13 |
| Payables turnover | 4.12 | 4.44 | 5.24 | 4.92 | 4.47 | 4.91 | 5.65 | 4.31 | 4.33 | 4.80 |
| Inventory turnover | 2.39 | 2.73 | 2.58 | 2.57 | 3.00 | 3.39 | 3.76 | 3.02 | 3.12 | 3.26 |
| Asset turnover | 0.66 | 0.65 | 0.65 | 0.64 | 0.56 | 0.49 | 0.58 | 0.72 | 0.99 | 0.97 |
| Average receivables | $517.1M | $528.8M | $521.1M | $419.1M | $358.9M | $357.8M | $298.5M | $242.1M | $231.2M | $229.3M |
| Average payables | $417.6M | $401.9M | $350.1M | $392.1M | $416.4M | $338.6M | $263.9M | $224.1M | $218.2M | $192.0M |
| Average inventory | $719.2M | $653.5M | $710.6M | $750.0M | $619.8M | $490.3M | $396.2M | $320.1M | $303.1M | $282.6M |
| Intangibles / total assets | 45.1% | 48.7% | 50.0% | 50.3% | 58.4% | 51.1% | 54.4% | 15.0% | 24.9% | 26.8% |
Computed from ENR's annual financial statements (latest annual report filed November 18, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ENR valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), Energizer traded at 7.5 times earnings, against a 10-year median of 20.6. Based on the latest twelve months, the trailing P/E is 18.2 and the forward P/E is 6.5. Energizer earned a return on equity of 156.4% and a return on invested capital of 11.5% in fiscal 2025. It ended the year with $3.5 billion of debt and $236.2 million in cash and short-term investments, net debt of $3.3 billion. It returned $176.8 million to shareholders: $87.1 million in dividends and $89.7 million in share buybacks, 280% of free cash flow. The share count rose 15.2% from 62.5M to 72.0M over 9 years.
See the ENR income statement, the ENR chart for price history, or the ENR stock overview for the latest quote and news.
ENR key metrics FAQ
What is Energizer's P/E ratio?
Energizer's trailing P/E ratio is 18.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 6.5. At the end of fiscal 2025 it was 7.5, compared with a 10-year median of 20.6.
What is Energizer's EV/EBITDA?
Energizer's enterprise value was 9.0 times EBITDA at the end of fiscal 2025 (enterprise value $5.1 billion, EBITDA $565.1 million); the current EV/EBITDA is 11.9.
What is Energizer's return on equity?
Energizer's return on equity (ROE) was 156.4% in fiscal 2025: net income of $239.0 million on average shareholders' equity of $152.8 million. ROE is high partly because years of buybacks have reduced equity on the balance sheet.
What is Energizer's ROIC?
Energizer's return on invested capital was 11.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Energizer have?
Energizer had total debt of $3.5 billion at the end of fiscal 2025, a debt-to-equity ratio of 20.79 and $3.3 billion of net debt (5.83 times EBITDA).
What is Energizer's dividend yield?
Energizer's forward dividend yield is 5.53%. Energizer paid $87.1 million in dividends in fiscal 2025 ($1.21 per share), a payout ratio of 36.4%.
Does Energizer buy back its shares?
Yes. Energizer spent $89.7 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.0% over the year, to 72.0M..
What is Energizer's free cash flow yield?
Energizer generated $63.2 million of free cash flow in fiscal 2025, a free cash flow yield of 3.5% on its market value at year-end ($1.8 billion).
What is Energizer's current ratio?
Energizer's current ratio was 2.11 at the end of fiscal 2025: current assets were 2.11 times current liabilities.