ENR

Energizer Holdings, Inc.

Industrials · $1.5B market cap

Verdict

Share price

$22.11

close of Oct 3, 2026

Fair value

$26.01

Sticker Price

Payback Price

$10.40

buy price

Undervalued

ENR is Undervalued: at $22.11 it trades 15% below its fair value of $26.01. Its buy price (Payback Price) is $10.40, 53% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

Owner Earnings. Earnings grow slowly (under 7% a year), but cash flow is steady, so we value it on its cash flow instead of its earnings.

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth0.4% a year✗
Equity per share growth2.6% a year✗
Sales growth4.4% a year✗
Free cash flow growth-2.5% a year✗
Return on invested capital8.5%✗

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Superinvestors

None of the investors we track holds ENR right now. In Q1 2026, 1 sold out. Who we track

Moves in Q1 2026

Sold out: Lee Ainslie

Insider activity

Since Jun 17, 2026: 36 open-market purchases worth $15.7M and 2 other filings (stock awards, tax withholding and similar). Why purchases matter

Purchases

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-24

Bought

$419K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-24

Bought

$422K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-24

Bought

$419K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-23

Bought

$402K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-23

Bought

$407K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-23

Bought

$406K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-22

Bought

$412K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-22

Bought

$419K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-22

Bought

$413K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-21

Bought

$395K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-21

Bought

$397K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-21

Bought

$393K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-20

Bought

$402K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-20

Bought

$399K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-20

Bought

$401K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-17

Bought

$410K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-17

Bought

$409K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-16

Bought

$417K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-16

Bought

$417K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-15

Bought

$411K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-15

Bought

$413K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-14

Bought

$403K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-14

Bought

$401K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-14

Bought

$408K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-13

Bought

$404K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-13

Bought

$405K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-10

Bought

$827K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-09

Bought

$407K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-08

Bought

$810K

Aqua Capital, Ltd.

Owns 10%+ · 2026-07-07

Bought

$832K

Aqua Capital, Ltd.

Owns 10%+ · 2026-06-22

Bought

$422K

Aqua Capital, Ltd.

Owns 10%+ · 2026-06-22

Bought

$422K

Aqua Capital, Ltd.

Owns 10%+ · 2026-06-18

Bought

$431K

Aqua Capital, Ltd.

Owns 10%+ · 2026-06-18

Bought

$431K

Aqua Capital, Ltd.

Owns 10%+ · 2026-06-17

Bought

$280K

Aqua Capital, Ltd.

Owns 10%+ · 2026-06-17

Bought

$209K

Other filings

About Energizer Holdings, Inc.

Energizer Holdings, Inc. is a global enterprise dedicated to the production, marketing, and distribution of a comprehensive range of batteries and lighting solutions. Their diverse battery portfolio includes lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide chemistries, serving both general and specialized applications, from primary cells to rechargeable options and hearing aid…

Electrical Equipment & Parts

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works