EnerSys (ENS) Stock

EnerSys (ENS) is a Industrials stock trading at $189.96 (as of 2026-08-20), with a market capitalization of $6.85B and a trailing P/E of 19.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

EnerSys manufactures and supplies stored-energy solutions through segments including Energy Systems, Motive Power, and Specialty. Its offerings cover power systems and components for telecommunications, industrial facilities, and energy storage, motive power for industrial material-handling equipment, and specialty batteries and energy solutions for transportation, defense, and other specialized applications.

Understand EnerSys: how it makes money

EnerSys provides stored energy solutions for industrial applications, including uninterruptible power systems, telecom power applications, energy storage and related power distribution/control equipment, and thermally managed enclosures, and it makes money through net sales of its Energy Systems, Motive Power, and Specialty segments.

EnerSys profit and cash generation are primarily driven by demand translating into order intake, where book-to-bill and new orders help signal how future deliveries will flow through its three diversified segments (Energy Systems, Motive Power, and Specialty).

Revenue by segment (latest quarter)
EnergySys$0.4B
MotivePwr$0.4B
Specialty$0.2B

Business quality (Mixed): The business appears to track demand via orders and book-to-bill, with segment diversification across energy storage and power equipment, but recent orders were still down versus the prior year and reported results may be influenced by Inflation Reduction Act and Internal Revenue Code 45X benefits.

Valuation: At 30× earnings, ENS trades 16% below the Electrical Equipment average (35×). Note: one-time items can distort reported P/E.

Bull case

  • Order intake is slightly stronger than deliveries: Book to Bill Ratio is 1.1 (ratio), and New Orders are 1.06 USD_B.
  • Demand is spread across multiple product segments: Net Sales are reported across Energy Systems, Motive Power, and Specialty (0.43, 0.37, and 0.19 USD_B respectively in the segment candidates).
  • Product mix includes maintenance-free offerings in Motive Power: Maintenance-Free Share of Motive Power Sales is 30.4 percent, and Maintenance-Free Sales are 23.0 percent.

Bear case

  • Orders declined versus the prior year: Orders Decline Compared to Prior Year is 11.0 percent.
  • Reported results may be impacted by tax credit benefits: Inflation Reduction Act and Internal Revenue Code 45X Tax Credit Benefit is 0.04 USD_B, and there are one-time catch-up adjustments related to 45X benefits (maximum 0.04 USD_B, minimum 0.03 USD_B).
Valuation — source: SEC EDGAR (first-party)
Price$189.96
Market Cap$6.85B
P/E Ratio19.4
EV / EBITDA12.1
Price / Book3.47
Price / Sales1.81
FCF Yield10.5%
DCF Value (model)$108.18
DCF Upside vs Price-43.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$3.75B
Net Margin7.8%
Revenue Growth (YoY)4.8%
EPS Growth (YoY)115.5%
FCF Growth (YoY)-779.4%
Financial Health — source: SEC EDGAR
Altman Z-Score4.64 (safe)
Valuation vs Sector & Industry
Stock P/E19.4
Sector P/E (Industrials)25.9
Industry P/E (Electrical Equipment)37.8
vs Sector-24.9%
vs Industry-48.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($881.84M)
Institutional Holders Tracked10
Company
SectorIndustrials
IndustryElectrical Equipment
CEOShawn O'Connell
Employees10,797
CountryUS
IPO Date2004-08-02

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ENS earnings history · ENS institutional & insider holders · ENS KPIs & operating metrics · ENS financials · ENS investor presentations & press releases · ENS SEC filings · ENS peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.