ENPH

Stock

Enphase Energy, Inc.

One email when a drop — in price or in valuation — is historically rare for ENPH. Otherwise we stay quiet.

Very rare

This is the kind of decline worth waking up for.

Enphase Energy, Inc. is 86.6% off its high — among the deepest declines in its recorded history.

But down is not the same as cheap: Enphase Energy, Inc.'s P/S Severity Score is 0.6 — its valuation sits in or above its typical range.

Price $44.99 · as of Jul 14, 2026All-time high $336.00Drawdown -86.6%Severity Score™ 12.7
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Historic

Current Drawdown

-86.6%

Days in Drawdown

1315

Avg Max Drawdown

14.9%

Avg Length

79

Drawdown Severity Score™

12.7

ENPH - Price & High Water Mark

ENPH - Drawdown Timeline

How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.

Valuation vs Its Own History

Data as of July 12, 2026 · updated daily

Where today's valuation sits within ENPH's own multi-year range, scored with the same Drawdown Severity Score language as price, measured from its typical level rather than its record high — a higher score means it has rarely been cheaper. This is context, not a recommendation.

Price to Sales

4.2xSeverity Score 0.6 · In or above its typical range
Low: 0.15xMedian: 2.9xHigh: 42.1x

Enphase Energy, Inc. has been cheaper on this measure only about 57% of the time in 14 years of daily history.

90.0% below its highest Price to Sales reading · high date January 7, 2021

Price to Sales history

EV to EBITDA

34.3xSeverity Score 3.2 · Below its typical range
Low: 9.6xMedian: 64.0xHigh: 262.9x

Enphase Energy, Inc. has been cheaper on this measure only about 28% of the time in 11 years of daily history.

86.9% below its highest EV to EBITDA reading · high date March 14, 2019

EV to EBITDA history · log scale

How we measure valuation

Enphase Energy, Inc. (ENPH) Analysis: Current Drawdown Insights

Enphase Energy, Inc. is currently in a drawdown that is unusual by its own historical standards. As of 2026-07-14, the stock is trading at $44.99, which represents a 86.6% decline from its all-time high of $336.00. This drawdown has persisted for 1315 days.

Based on its full tracked price history, Enphase Energy, Inc. typically experiences drawdowns averaging 14.9% in depth, with an average duration of 79 days. Enphase Energy, Inc. has gone through 48 total drawdown events in its tracked history. The largest drawdown on record for Enphase Energy, Inc. was 96.0%, beginning in 2014. The longest drawdown duration on record was 1730 days.

The Drawdown Severity Score™ for Enphase Energy, Inc. currently stands at 12.72. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score above 12.0 indicates a historic, once-in-a-decade event: declines of this magnitude are extraordinarily rare in this asset's tracked history and can also signal fundamental changes worth investigating.

Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing Enphase Energy, Inc.'s historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.

📜 Historical Drawdown Events

Current drawdown shown in blue. Showing the most recent and the deepest of 48 tracked pullbacks (48 listed).

Start DateEnd DateDurationMax DepthStart PriceLowest PriceRecovery Price
2022-12-07Ongoing1315 days-86.6%$336.00$44.99n/a
2022-09-152022-12-0279 days-25.8%$320.62$237.87$336.00
2022-09-092022-09-146 days-3.8%$317.41$305.50$320.62
2022-08-112022-09-0728 days-8.0%$303.25$279.07$316.31
2022-08-082022-08-103 days-4.4%$300.91$287.74$303.25
2022-08-032022-08-042 days-0.7%$292.26$290.25$295.82
2022-08-012022-08-022 days-1.2%$284.18$280.89$292.26
2021-11-222022-07-28248 days-55.2%$267.74$119.97$274.18
2021-11-182021-11-192 days-0.1%$254.86$254.48$267.74
2021-11-152021-11-173 days-2.7%$251.62$244.71$254.86
2021-11-052021-11-117 days-4.6%$242.60$231.48$250.49
2021-11-022021-11-043 days-1.2%$239.53$236.58$242.60
2021-01-082021-10-27292 days-46.4%$213.76$114.61$216.22
2020-12-282021-01-059 days-6.2%$181.39$170.20$181.48
2020-11-302020-12-1415 days-9.5%$140.56$127.26$145.07
2020-11-182020-11-192 days-0.2%$125.12$124.92$128.89
2020-11-092020-11-179 days-10.7%$122.53$109.39$125.12
2020-10-212020-11-0516 days-15.5%$116.14$98.09$120.26
2020-10-122020-10-154 days-4.4%$109.18$104.43$110.71
2020-10-082020-10-092 days-2.2%$107.82$105.50$109.18
2020-09-022020-09-2928 days-17.4%$78.71$65.05$80.80
2020-08-262020-08-283 days-3.3%$75.93$73.44$76.04
2020-08-202020-08-256 days-3.2%$75.49$73.09$75.93
2020-08-062020-08-1712 days-10.3%$74.99$67.30$75.06
2020-05-202020-08-0477 days-41.8%$67.04$39.04$68.95
2020-05-122020-05-187 days-4.4%$59.58$56.98$64.42
2020-02-242020-05-1177 days-59.4%$59.09$23.99$59.58
2020-02-132020-02-197 days-3.2%$41.50$40.17$57.22
2020-02-072020-02-104 days-0.9%$38.39$38.05$38.61
2019-08-222020-02-04167 days-48.5%$34.83$17.95$36.90
2019-08-142019-08-196 days-7.4%$32.17$29.78$33.40
2019-08-122019-08-132 days-3.0%$31.85$30.90$32.17
2019-08-022019-08-076 days-8.8%$30.10$27.45$30.79
2019-07-232019-07-308 days-7.6%$21.26$19.65$21.65
2019-07-102019-07-189 days-4.6%$20.42$19.48$20.66
2019-06-192019-07-0315 days-13.4%$18.80$16.29$18.97
2019-06-142019-06-174 days-1.0%$17.51$17.33$17.75
2014-09-182019-06-131730 days-96.0%$17.39$0.70$17.51
2014-09-122014-09-165 days-4.8%$16.82$16.01$16.98
2014-09-052014-09-084 days-1.6%$15.28$15.03$15.31
2014-08-272014-09-038 days-3.7%$14.52$13.98$14.59
2014-08-252014-08-262 days-0.9%$13.87$13.75$14.52
2014-08-122014-08-143 days-4.3%$11.72$11.22$12.39
2014-07-252014-08-1118 days-16.5%$11.61$9.70$11.72
2014-07-232014-07-242 days-2.2%$11.59$11.34$11.61
2014-07-152014-07-184 days-4.9%$9.69$9.22$9.70
2013-05-152014-07-14426 days-49.4%$9.66$4.89$9.69
2012-05-042013-05-13375 days-77.4%$8.82$1.99$8.91
2012-04-032012-05-0129 days-13.6%$7.81$6.75$7.92

How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).

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Or explore current drawdowns:

Enphase Energy, Inc. (ENPH) is trading at $44.99 as of Jul 14, 2026. It is 86.6% below its high of $336.00. The drawdown has lasted 1,315 days. Severity score: 12.7 (Historic).

ENPH Price History and Drawdown Data

Latest price

$44.99

High-water mark

$336.00

Current drawdown

-86.6%

Days in drawdown

1,315

This ENPH page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior Enphase Energy, Inc. drawdowns.

What History Says About ENPH

Enphase Energy, Inc. has dropped 20%+ from its high 9 times in its tracked history. These events lasted an average of 386 days with an average max drop of -55.5%.

The current drawdown of -86.6% has lasted 1,315 days, which is 3.4x the average duration of comparable events.

PeriodMax DropDuration
Sep 2014 to Jun 2019-96.0%1730 days
May 2012 to May 2013-77.4%375 days
Feb 2020 to May 2020-59.4%77 days
Nov 2021 to Jul 2022-55.2%248 days
May 2013 to Jul 2014-49.4%426 days
Aug 2019 to Feb 2020-48.5%167 days

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