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Energizer Holdings (ENR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Energizer Holdings
NYSE•Industrials•Electrical Equipment & Parts
$21.00-0.23(-0.01%)Pre-market
Market Cap
$1.44B
P/E
17.7x
P/S
0.5x
P/B
7.1x

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.

D

How this company scores

WeakMetricSide Score: 35/100

Strongest: Profitability (12/25); weakest: Balance Sheet & Red Flags (3/25).

Profitability12/25
Growth11/25
Balance Sheet & Red Flags3/25
Cash & Earnings Quality9/25
Strengths
High ROEConsistent growthNo share dilution

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 17.7x5y range 5.7x – 207.9x
P/E 17.7x · near its 16-quarter median

Currently near its 16-quarter median.

P/S · 0.5x5y range 0.4x – 0.9x
P/S 0.5x · below its 20-quarter median

Currently below its 20-quarter median.

P/B · 7.1x5y range 4.0x – 18.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 47.8% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -4.2x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume
Market Cap $1.44B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$2.99B
2%
Q. Revenue
$734.10M
1%
TTM EBITDA
$275.90M
34%
TTM Op. Income
$151.20M
48%
Q. Op. Income
$50.00M
2Q
TTM Net Income
$81.50M
4Q
Q. Net Income
$39.90M
2Q
EPS
$0.58
2Q
Shares Out.
$68.50M
4%
$2.99B in TTM revenue grew 2.2% YoY, reaching $734.10M last quarter. TTM EBITDA of $275.90M and TTM operating income of $151.20M show growth is flowing through to the bottom line. TTM net income of $81.50M means revenue is converting into profit. Over the past year, TTM revenue is up 2% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
38.2%
31%
EBITDA Margin
10.9%
60%
Op. Margin
6.8%
70%
Net Margin
5.4%
2Q
Op. margin of 6.8% is down 16.1% YoY — costs are rising relative to revenue. Net margin at 5.4% and gross margin of 38.2% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 70% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
17.7x
210%
P/S Ratio
0.5x
2%
P/B Ratio
7.1x
10%
At 17.7x P/E, the stock trades within typical market levels. P/S of 0.5x and P/B of 7.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 210% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$4.47B
1%
Cash
$173.40M
1%
Long-Term Debt
$3.29B
3Q
Book Value
$203.20M
2Q
D/E Ratio
16.2
2Q
Debt/EBITDA
41.2
2Q
With $4.47B in assets and $3.29B in long-term debt, D/E is 16.2and book value is $203.20M — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$8.20M
62%
TTM Free Cash Flow
$150.60M
5%
FCF Margin
5.0%
7%
FCF / Net Income
1.8
3Q
TTM FCF of $150.60M on $8.20M in operating cash flow. The FCF / Net Income ratio of 1.8x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 5% — a weakening trend.

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· below its 20-quarter median

Currently below its 20-quarter median.

Leverage Risk

Red Flag

D/E ratio is 16.2 — heavily leveraged and vulnerable to rising rates or cash flow dips.

Cash Burn

Watch

FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.