ENR offers an attractively valued entry — a forward multiple of 5.5x and a 51% margin of safety — alongside a recent earnings beat of more than 100%, but a confirmed death cross, a 200-day moving average declining at -4.6% per month, and a debt-to-equity ratio of 19.7 make the technical and balance-sheet risks difficult to underwrite at this stage.
Thesis pillars
- Attractive Valuation Margin Of Safety→Stable
- Earnings Beat Streak Momentum↑Improving
- Death Cross Confirmed Downtrend↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Nov 18, 2025
Energizer Holdings, Inc. (ENR) Stock Analysis
Breakout setup
Industrials · Electrical Equipment & Parts
Sell if holding. Engine safety override at $23.15: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.7/10. Specifically: High short interest: 11%; Elevated put/call ratio: 2.70.
Energizer Holdings is a global diversified household products company and one of the world's largest manufacturers of household and specialty batteries, automotive appearance, performance, and air-conditioning-recharge products, and portable lights, marketed under the Energizer,... Read more
Sell if holding. Engine safety override at $23.15: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.7/10. Specifically: High short interest: 11%; Elevated put/call ratio: 2.70. Chart setup: Golden cross, above all MAs, RSI 65, MACD bullish. Score 4.7/10, moderate confidence.
Passes 5/7 gates (positive momentum, clean insider activity, earnings proximity 17d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About Energizer Holdings, Inc.
About Energizer Holdings, Inc.
Energizer Holdings sells household and specialty batteries under the Energizer, Eveready, and Rayovac brands alongside Armor All and STP-branded auto care products and portable lighting, with Wal-Mart Stores, Inc. accounting for 12.8% of fiscal 2025 annual sales and approximately 40% of sales generated outside the United States. The company employed approximately 6,050 people across 34 countries as of September 30, 2025.
Energizer's battery segment spans primary, rechargeable, specialty, and hearing-aid batteries across lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide chemistries, while its auto care business sells appearance, fragrance, performance, and A/C-recharge products under Armor All, STP, and A/C PRO, and its lighting business sells handheld lights, headlights, lanterns, and area lights. The company distributes through mass merchandisers, warehouse clubs, food/drug/convenience stores, hardware and automotive centers, e-commerce, and military channels, as well as business-to-business sales to original equipment manufacturers and industrial, medical, and hearing-aid distributors. Principal raw materials include electrolytic manganese dioxide, zinc, silver, nickel, and lithium for batteries and refrigerant R-134a, plastic, and steel for auto care products, generally sourced from multiple suppliers, though the company acknowledges dependence on single-source suppliers for certain products or services.
Show full overview
Energizer's reliance on a concentrated retail customer base compounds its Wal-Mart exposure: the 10-K warns that growing retailer consolidation and the integration of traditional and digital operations at key accounts are making the company increasingly dependent on a small number of large customers, any of which could shift shelf space toward private-label or competitor products, demand better pricing, or use pricing technology to pressure margins. Because Wal-Mart alone represented 12.8% of fiscal 2025 sales, a strategy shift at that single account would have an outsized effect on Energizer's net sales relative to a more diversified consumer-products peer.
See also: Industrials · Electrical Equipment & Parts
From Energizer Holdings, Inc.'s most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-10-30Recent Developments — Energizer Holdings, Inc.
Latest news
- NEWS Energizer Holdings Number of Employees 2026 | Employee Count & Headcount Data - Revelio Labs — Revelio Labs neutral
- NEWS Energizer Holdings Number of Employees 2026 | Employee Count & Headcount Data - reveliolabs.com — reveliolabs.com neutral
- NEWS ENR Looks 31.0% Undervalued on GF Value™ - GuruFocus — GuruFocus positive
- NEWS Is It Time To Reassess Energizer Holdings (ENR) After Recent Share Price Rebound? - Yahoo Finance — Yahoo Finance neutral
- NEWS ENR Invest Ltd Revenue Breakdown – LSE:0QQ1 - TradingView — TradingView neutral
Generated 2026-10-30T12:27:48Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWCustomerWal-Mart Stores, Inc.13%10-K Item 1: 'in fiscal year 2025, only Wal-Mart Stores, Inc. accounted for ten percent or more (12.8%) of the Company's annual sales.'
- MEDIUMGeographicforeign countries (international sales)40%10-K Item 1A: 'We currently conduct our business on a worldwide basis, with approximately 40% of our sales in fiscal year 2025 arising from foreign countries'
- HIGHSuppliersingle-source suppliers10-K Item 1A: 'we may have only one supplier for a product or service. Our dependence on single-source suppliers subjects us to the possible risks of shortages'
Material Events(8-K, last 90d)
- 2026-05-05Item 5.02MEDIUMMichael A. Lampman will cease serving as Energizer's EVP of North America and Global Business Units effective September 30, 2026, transitioning to Special Advisor through December 31, 2026 under a Separation and Transition Agreement signed May 1, 2026. Ryan Sedlak, currently VP of Global Finance & Analytics, will succeed him as EVP effective October 1, 2026.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
3 floor-breakers
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $23.15: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.7/10. Specifically: High short interest: 11%; Elevated put/call ratio: 2.70. Chart setup: Golden cross, above all MAs, RSI 65, MACD bullish. Prior stop was $21.53. Score 4.7/10, moderate confidence.
Analyst target $19.14 reached (−17.3% from $23.15); no take-profit level is published. Prior stop was $21.53. Stop-loss: $21.53.
Concentration risk — Supplier: single-source suppliers; Target reached (-17.3% upside); Risk below floor (3.0 < 3.0).
Energizer Holdings, Inc. trades at a P/E of 19.5 (forward 6.9). TrendMatrix value score: 6.6/10. Verdict: Sell.
10 analysts cover ENR with a consensus score of 3.5/5. Average price target: $22.
What does Energizer Holdings, Inc. do?Energizer Holdings is a global diversified household products company and one of the world's largest manufacturers of...
Energizer Holdings is a global diversified household products company and one of the world's largest manufacturers of household and specialty batteries, automotive appearance, performance, and air-conditioning-recharge products, and portable lights, marketed under the Energizer, Eveready, Rayovac, Armor All, and STP brands. The company distributes through mass merchandisers, warehouse clubs, and other retail and e-commerce channels, with Wal-Mart accounting for 12.8% of fiscal 2025 annual sales and approximately 40% of sales generated outside the United States.