Energizer Holdings (ENR) released third quarter and nine month results to June 30, 2026, with sales slightly higher than a year earlier, while net income and earnings per share moved sharply lower.

The recent third quarter earnings release, together with an update on the completed buyback program, comes after a strong 90 day share price return of 37.61%. However, the 1 year total shareholder return declined 13.45%, which suggests short term momentum for Energizer Holdings has picked up while longer term returns remain weak.

If Energizer Holdings has you reassessing what you own, it can help to see what else the market is pricing in right now, starting with 21 top founder-led companies

Energizer Holdings still sells everyday products many households rely on, yet the share price has surged recently while earnings have come under pressure. Is that a sign of a strong business now priced too richly, or a catch up that still leaves value on the table?

Preferred P/E of 19.1x: Is it justified?

Energizer Holdings currently trades on a P/E of 19.1x, and the latest data suggests the stock screens as expensive on this measure relative to some benchmarks.

The P/E ratio compares the share price to earnings per share. For a company like Energizer Holdings that sells consumer staples such as batteries and auto care products, it is a quick way to see how much investors are paying for each dollar of earnings.

On the one hand, the P/E of 19.1x is described as expensive compared with the estimated fair P/E of 16.9x. That points to the market paying more than the level the fair ratio model indicates. On the other hand, the same 19.1x P/E is below the peer average of 25.4x, which suggests the stock trades at a lower earnings multiple than similar companies and that the market could shift closer to that fair ratio level over time if conditions allow.

Result: Price-to-Earnings of 19.1x (OVERVALUED)

However, investors still face risks if Energizer Holdings earnings weaken further or if the recent 37.61% 90 day share price gain reverses quickly.

Another view on Energizer Holdings using our DCF model

The P/E screen paints Energizer Holdings as expensive, yet the SWS DCF model points the other way. With the share price at $22.76 and an estimated future cash flow value of $92.98, the stock screens as heavily undervalued. Which signal should matter more for you?

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Energizer Holdings for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 52 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.

Next Steps

The mixed signals around Energizer Holdings can feel confusing, so it helps to move quickly and review the numbers yourself, then weigh the 2 key rewards and 4 important warning signs.

Looking for more Energizer Holdings investment ideas to compare?

Before settling on any view of Energizer Holdings, widen your lens with other stock ideas using the Simply Wall St Screener so you do not overlook attractive alternatives.

• Target stability in your portfolio by checking companies with resilient finances through the 80 resilient stocks with low risk scores.
• Hunt for potential bargains that combine quality with attractive pricing by scanning the 52 high quality undervalued stocks.
• Spot companies the market may be overlooking, yet supported by strong fundamentals, using the screener containing 20 high quality undiscovered gems.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.