4 models fit EnerSys Common Stock and they disagree: 1 of 4 land within 15% of the average.
Two or more of our models back this value.
Near fair value(i)Bronze45
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionEnerSys Common Stock (ENS)
Fair value (4 models)
$175
ACCE price target
$189
Rating
Fairly valued
Horizon
12 months
Fair value published on 21 Oct 2026, 12:04 CEST; previously $188 since 16 Oct 2026, 00:00 CEST.
ACCE price target published on 10 Oct 2026, 00:00 CEST.
Rating published on 21 Oct 2026, 12:04 CEST.
Price used: $166 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
5.2% below
+5.5% to fair value
ACCE score
64
out of 100
Analysts
60% buy
5 covering
P/E
18.9x
forward 14.2x
1-year return
+37.1%
Dividend yield
0.59%
EnerSys Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
EnerSys makes industrial batteries and power systems, including lead-acid and lithium-ion motive power batteries for forklifts and warehouse equipment, stationary UPS and telecom backup batteries, and energy systems for data centers and utilities. Its moat rests on installed-base service contracts, a global manufacturing and distribution footprint, and customer qualification cycles that make switching costly for mission-critical backup power. Revenue growth of 4.8% is modest, but a 29.8% gross margin, a 14.0% operating margin and an 18.4% ROE show a business that converts sales into returns well. The stock trades at a forward P/E of 14.2 against a trailing 18.5, implying expected earnings growth that the market is not yet fully pricing, with demand from data center and grid-storage buildout as the key swing factor. At a $6.2B market cap with no index membership, it sits in a segment that is less covered than its fundamentals might warrant, which makes it a reasonable candidate for a deeper look.
⚠ Investor warnings · 1 flagAI-assisted·How I use AI
moderate
Short interest elevated
Short interest sits at 9.3%, which is high enough to make the stock prone to sharp moves on any earnings surprise. Revenue growth of 4.8% is modest against that positioning.
AI research notes
AI-assisted·How I use AIWritten Oct 14, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Free cash flow over the last twelve months reached $468M, and the stock's free cash flow yield stands at 7.2%.
The company cut its diluted share count by 5.7% last fiscal year, so each remaining share holds a larger slice of the business.
The latest quarter beat expectations, with earnings per share of $3.66 against $2.82 expected, a surprise of +29.8%.
Why it could disappoint
Revenue grew only 4.8% over the past year, and its five-year average is a similar 4.7% a year.
Return on invested capital is 7.8%, which is thin for a business carrying debt to equity of 0.62.
Analysts rating the stock Buy or Strong Buy are only 60%, or 3 of 5, and the consensus fair value sits just 7.6% above the share price.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 11, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
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Where ENS's valuation models land
Price
$166.08
Model fair value
$175
Model range
$96.08 to $311
Fair value $175
Price $166
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
Dividend discount
EV/EBITDA comparison
Graham number
P/E comparison
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Quality
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