Enhabit, Inc.
EHABAbout the company
Enhabit, Inc. provides home health and hospice services in the United States. The Home Health segment offers nursing care; physical, occupational, and speech therapy; medical and social work; and home health aide services.
Investment snapshot
Positive
2
BUY / PASS
Neutral / negative
4 / 10
NEUTRAL / FAIL
Median fair value
$7.86
-43.1% vs price
Models with upside
1 / 17
Positive margin of safety
Strongest signal
6 of 10 pass — Buffett, Dreman, Pabrai +1 more object
Key risk
No clean pass — all 8 investors flag at least one growth criterion
Framework analysis
| Verdict | Meaning |
|---|---|
| BUY | Positive purchase signal: the framework's buy requirements are met. |
| PASS | The company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state. |
| NEUTRAL | Neither a positive nor negative conclusion. It does not mean to hold an existing position. |
| FAIL | The company does not clear the framework's requirements. |
| Ranked | Ranked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL. |
Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.
| Metric | Graham Defensive Value | Buffett Quality Compounder | Lynch GARP | Greenblatt Magic Formula | Piotroski F-Score | Dreman Contrarian Value | Munger Quality Focus | Pabrai Dhandho Framework | Akre Three-Legged Stool | Marks Risk-Aware Value | Ackman Activist Value | Templeton Global Bargain Hunter | Sleep Scale Economies Shared | Asness Systematic Factors | Neff Low-P/E Total Return | Schloss Asset-Value Discipline | O'Shaughnessy Systematic Factor Composite |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Verdict | FAIL | FAIL | FAIL | FAIL · Rank #1404 (Top 45.3%) | NEUTRAL | FAIL | FAIL | FAIL | FAIL | FAIL | PASS | PASS | NEUTRAL | NEUTRAL | FAIL | FAIL | NEUTRAL |
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| Intrinsic Value (annual) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||
| Margin of Safety | N/A | -353.9% | N/A | N/A | N/A | N/A | -8.9% | -641.9% | N/A | N/A | +3.0% | N/A | N/A | N/A | N/A | N/A | N/A |
| Financial Basis | TTM ended 2026-03-31 · Balance sheet at 2026-03-31 · Annual history · FY 2025 Latest source filing: 2026-05-07 Score computed: 2026-11-14 | Annual history · FY 2025 Latest source filing: 2026-03-05 Score computed: 2026-11-14 | Annual history · FY 2025 · Balance sheet at 2026-03-31 · TTM ended 2026-03-31 vs 2025-03-31 · TTM ended 2026-03-31 Latest source filing: 2026-05-07 Score computed: 2026-11-14 | Annual history · FY 2025 Latest source filing: 2026-03-05 Score computed: 2026-11-14 | Annual history · FY 2025 Latest source filing: 2026-03-05 Score computed: 2026-11-14 | Annual history · FY 2025 · TTM ended 2026-03-31 · Balance sheet at 2026-03-31 · Market data at 2026-10-01 Latest source filing: 2026-05-07 Score computed: 2026-11-14 | Qualitative assessment · Annual history · FY 2025 · TTM ended 2026-03-31 · Balance sheet at 2026-03-31 Latest source filing: 2026-05-07 Score computed: 2026-11-14 | Qualitative assessment · Annual history · FY 2025 Latest source filing: 2026-03-05 Score computed: 2026-11-14 | Annual history · FY 2025 · Qualitative assessment · TTM ended 2026-03-31 · Balance sheet at 2026-03-31 Latest source filing: 2026-05-07 Score computed: 2026-11-14 | Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-03-05 Score computed: 2026-11-14 | Annual history · FY 2025 · TTM ended 2026-03-31 · Balance sheet at 2026-03-31 · Market data at 2026-10-01 Latest source filing: 2026-05-07 Score computed: 2026-11-14 | Annual history · FY 2025 · Price history 2025-01-01–2026-10-01 · Balance sheet at 2026-03-31 Latest source filing: 2026-05-07 Score computed: 2026-11-14 | Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-03-05 Score computed: 2026-11-14 | TTM ended 2026-03-31 · Balance sheet at 2026-03-31 · Price history 2025-01-01–2026-10-01 · Annual history · FY 2025 Latest source filing: 2026-05-07 Score computed: 2026-11-14 | Annual history · FY 2025 · TTM ended 2026-03-31 Latest source filing: 2026-05-07 Score computed: 2026-11-14 | Annual history · FY 2025 · Balance sheet at 2026-03-31 Latest source filing: 2026-05-07 Score computed: 2026-11-14 | TTM ended 2026-03-31 · Annual history · FY 2025 · Price history 2025-01-01–2026-10-01 Latest source filing: 2026-05-07 Score computed: 2026-11-14 |
Where It Passes
- Cash Flow60% pass✓ 8✗ 4▾
6 of 10 pass — Buffett, Dreman, Pabrai +1 more object
Free Cash Flow Proxy$13.0M✗BuffettPositive and growingFCF Positive and Growing$80.9M✓LynchPositive and growingOperating Cash Flow$70.7M✓PiotroskiCFO > 0(CFO / Total Assets) vs ROACFO/Assets=6.06%, ROA=-0.39%✓PiotroskiCFO/Assets > ROAPrice / (CFO / Shares)9.9x✗Dreman< 8xP/E or FCF YieldFCF Yield=9.3%✗PabraiP/E < 15 or FCF Yield > 10%FCF Positive6/6 years FCF positive✓MarksPositive FCF in majority of recent years(OCF - CapEx) / Market Cap11.6%✓Ackman>= 4%Price / FCF per Share10.6x✓Ackman<= 25Positive Operating Cash Flow frequency6/6 years positive✓SleepPositive OCF in >= 70% of available yearsOperating Cash Flow - Capital Expenditures$80.9M✓Neff> $0 (app proxy for a strong fundamental case)(Operating cash flow - capex) / market capitalization+11.44%; #619/4519 (top 13.7%)✗OshaughnessyTop 10% of eligible cross-section
Where It Falls Short
- Growth0% pass✓ 2✗ 11▾
No clean pass — all 8 investors flag at least one growth criterion
EPS Growth (3-yr avg, 10-yr window)-185.5%✗Graham>= 33% growthBasic earnings-growth PEG (dividends excluded)✗Lynch< 1.0 (ideally < 0.5)3-5 Year EPS CAGR✗Lynch15-30% (Fast Grower); > 0% to passInventory Growth vs Revenue GrowthN/A (no inventory)✓LynchInventory growth < Revenue growthEPS Growth Direction$1.51 (2020) -> $-0.09 (2025)✗DremanPositive over recent yearsEPS CAGR✗Dreman> 5% annualizedPositive Net Income Frequency2/6 years positive✗MarksPositive net income in >= 7 of last 10 years3yr Median Revenue Growth-1.1%✗Ackman>= 5%Positive EPS Growth Frequency2/5 years with positive EPS growth✗AckmanPositive EPS growth in >= 3 of last 5 years5-Year EPS CAGR✗Templeton> 0% (5-year EPS CAGR)Revenue growth vs. gross and operating margin trendgross margin 48.8% -> 49.0%, operating margin -4.5% -> 1.5%✓SleepRevenue rising; gross margin flat or falling; operating margin holding5-year Revenue CAGR-0.3%✗SleepCAGR > 7%3-5 Year Diluted EPS CAGR✗Neff7%-20% annualized - Valuation8% pass✓ 4✗ 24▾
12 of 13 flag EHAB's valuation — Graham, Lynch, Greenblatt +9 more
Price / Book Value per Share1.3x✗Dreman< 1.2x✓Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)Price / 3-yr avg EPS✗Graham<= 15xPrice-to-Book Ratio1.3x✓Graham<= 1.5xP/E x P/B✗Graham<= 22.5Basic earnings-growth PEG (dividends excluded)✗Lynch< 1.0 (ideally < 0.5)EBIT / Enterprise Value1.4%✗Greenblatt> 10%Earnings Yield + ROC AssessmentEY=1.4%, ROC=31.4%✗GreenblattBoth EY > 10% and ROC > 25%Price / EPS✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)Price / (CFO / Shares)9.9x✗Dreman< 8xValuation ReasonablenessOE Yield=1.9%✗MungerP/E < 25 or Owner Earnings Yield > 5%P/E or FCF YieldFCF Yield=9.3%✗PabraiP/E < 15 or FCF Yield > 10%P/B or P/E vs. Historical AverageP/B=1.3x✓MarksP/E < 15 or P/B < 2.0Discount to Intrinsic ValueN/A (negative normalized EPS)✗Marks>= 20% below intrinsic valuePrice / FCF per Share10.6x✓Ackman<= 25Price vs. Trailing Low✗Templeton<= 120% of trailing low (certified split-adjusted live window)Net income / market capitalization-0.45%; #3305/6340 (top 52.1%)✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-sectionPositive book equity / market capitalization+0.7830; #1973/6449 (top 30.6%)✗AsnessTop 30% of eligible cross-sectionPrice / Diluted EPS✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)(EPS CAGR % + Dividend Yield %) / P/E✗Neff> 0.7 (Neff's published traditional edge)Price / Tangible Book Value per ShareN/A (non-positive TBVPS)✗SchlossP/TBV <= 1.00x (app cutoff)Book Value per Share Change-62.3%✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)Revenue / market capitalization+1.5064; #1331/5247 (top 25.4%)✗OshaughnessyTop 10% of eligible cross-section(Operating cash flow - capex) / market capitalization+11.44%; #619/4519 (top 13.7%)✗OshaughnessyTop 10% of eligible cross-sectionTrailing six-month price return through the evaluation date✗OshaughnessyTop 10% of eligible cross-section - Profitability13% pass✓ 7✗ 28▾
14 of 16 flag EHAB's profitability — Graham, Buffett, Lynch +11 more
Positive EPS (10 years)2/7 years positive✗GrahamPositive EPS every year for 10 yearsEPS Growth (3-yr avg, 10-yr window)-185.5%✗Graham>= 33% growthNet Income Positive (10+ years)2/7 years positive✗BuffettPositive every year for 10+ yearsROE (up to 5-year arithmetic mean)-8.1%✗Buffett> 15% arithmetic mean (app rule)Operating Margin (10-yr trend)1.5% (latest)✗BuffettStable or rising over 10 yearsFree Cash Flow Proxy$13.0M✗BuffettPositive and growingEarnings Variance (10-yr CoV)N/A (negative mean EPS)✗BuffettCoV < 0.3Retained Earnings Effectiveness✗Buffett$1 retained -> > $1 market value createdBasic earnings-growth PEG (dividends excluded)✗Lynch< 1.0 (ideally < 0.5)3-5 Year EPS CAGR✗Lynch15-30% (Fast Grower); > 0% to passROE-0.6%✗Lynch> 15%EBIT / Enterprise Value1.4%✗Greenblatt> 10%Earnings Yield + ROC AssessmentEY=1.4%, ROC=31.4%✗GreenblattBoth EY > 10% and ROC > 25%Net Income / Total Assets-0.39%✗PiotroskiROA > 0ROA Change YoY-12.74% -> -0.39% (delta: +12.35%)✓PiotroskiCurrent ROA > Prior ROA(CFO / Total Assets) vs ROACFO/Assets=6.06%, ROA=-0.39%✓PiotroskiCFO/Assets > ROAGross Margin Change YoY48.7% -> 49.0%✓PiotroskiImproved YoYPre-Tax Income / Revenue-0.1%✗Dreman>= 8%Net Income / Shareholders' Equity-0.6%✗Dreman> 12%Margin of SafetyP/B=1.3x✓PabraiP/B < 1.5 or P/E < 15Return on Equity-14.2% (3-yr avg)✗AkreROE > 20% (3-year avg)Discount to Intrinsic ValueN/A (negative normalized EPS)✗Marks>= 20% below intrinsic valuePositive Net Income Frequency2/6 years positive✗MarksPositive net income in >= 7 of last 10 yearsOperating Income / Revenue2.8%✗Ackman>= 15%Net Income / Shareholders Equity-0.6%✗Ackman>= 15%5-Year EPS CAGR✗Templeton> 0% (5-year EPS CAGR)Operating Margin Trend-4.5% (2023) -> 1.5% (2025)✓TempletonNon-negative operating-margin trend over 3 yearsRevenue growth vs. gross and operating margin trendgross margin 48.8% -> 49.0%, operating margin -4.5% -> 1.5%✓SleepRevenue rising; gross margin flat or falling; operating margin holdingNet income / market capitalization-0.45%; #3305/6340 (top 52.1%)✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-sectionGross profit / total assets+44.54%; #809/3702 (top 21.9%)✓AsnessTop 30% of eligible cross-sectionNet income / positive book equity-0.58%; #2959/5226 (top 56.6%)✗AsnessTop 30% of eligible cross-sectionNegative 5-year standard deviation of ROA-0.0629; #2875/5884 (top 48.9%)✗AsnessTop 30% of eligible cross-section3-5 Year Diluted EPS CAGR✗Neff7%-20% annualizedPositive Diluted-EPS Years2/6 years positive✗Schloss>= 70% positive over 5-10 observed years (app rule) - Verdicts15% pass✓ 2✗ 11▾
Split decision: 10 FAIL · 4 NEUTRAL · 2 PASS
Overall verdict✗GrahamFAIL (2/9)✗BuffettFAIL (0/9)✗LynchFAIL (2/7)✗GreenblattRank #1404•PiotroskiNEUTRAL (F-Score 7)✗DremanFAIL (2/11)✗MungerFAIL (0/4)✗PabraiFAIL (1/3)✗AkreFAIL (1/6)✗MarksFAIL (2/5)✓AckmanPASS (4/9)✓TempletonPASS (4/8)•SleepNEUTRAL (4/6)•AsnessNEUTRAL (Not ranked)✗NeffFAIL (1/6)✗SchlossFAIL (2/7)•OshaughnessyNEUTRAL (Not ranked) - Valuation models25% pass✓ 1✗ 3▾
Models split on EHAB at $13.80 — fair values range $1.86–$14.22
Buffett fair value$3.04✗Buffett-353.9% margin vs $13.80Munger fair value$12.67✗Munger-8.9% margin vs $13.80Pabrai fair value$1.86✗Pabrai-641.9% margin vs $13.80Ackman fair value$14.22✓Ackman+3.0% margin vs $13.80 - Efficiency38% pass✓ 4✗ 7▾
5 of 8 flag EHAB's efficiency — Graham, Buffett, Munger +2 more
Current Ratio1.56✗Graham>= 2.0ROIC (3-5 yr avg)-0.8%✗Buffett> 10%ROIC - WACC-10.8%✗BuffettPositive (WACC = 10%)EBIT / (NWC + Net Fixed Assets)31.4%✓Greenblatt> 25%Current Ratio Change YoY1.53 -> 1.63✓PiotroskiIncreased YoYRevenue / Total Assets Change YoY0.84x -> 0.91x✓PiotroskiImproved YoYCurrent Assets / Current Liabilities1.56✓Dreman> 1.5Return on Invested Capital2.4%✗Munger> 15%ROIC (high and growing)FY2023: ROIC=-3.1%; FY2024: ROIC=-8.8%; FY2025: ROIC=1.3%✗AkreLatest 3 consecutive FYs: ROIC > 15% in eachReinvestment Rate x ROICN/A (non-positive net income)✗AkreReinvestment Rate * ROIC > 10%ROIC (5-year)0/5 years above 12% (latest 1.3%)✗SleepROIC > 12% in a majority of years - Debt & Leverage42% pass✓ 7✗ 8▾
7 of 12 flag EHAB's debt & leverage — Graham, Buffett, Lynch +4 more
LT Debt vs Net Current Assets✗GrahamLT Debt <= Net Current AssetsDebt/Equity & Interest CoverageD/E: 0.84, IC: 0.5x✗BuffettD/E < 0.5 AND Interest Coverage > 5xTotal Debt / Equity0.77✗Lynch< 0.33Cash - Long-term Debt✗LynchPositive preferredLT Debt / Total Assets Change0.00% -> 0.00%✓PiotroskiDecreased YoYCurrent Assets / Current Liabilities1.56✓Dreman> 1.5✓SchlossCurrent ratio >= 1.50x (app cutoff)Total Debt / Shareholders' Equity0.77✓Dreman< 0.8✓Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✓SchlossD/E < 1.00xDebt Levels0.77✗MungerDebt/Equity < 0.5✗AkreDebt/Equity < 0.3Interest Coverage & Debt/EBITDAIC=0.5x, D/EBITDA=11.6x✗MarksInterest Coverage > 3x; Debt/EBITDA < 4xTotal Debt / Shareholders Equity0.77✓Ackman<= 1.0Negative debt-to-equity (higher means less debt)-0.7743; #2959/4210 (top 70.3%)✗AsnessTop 30% of eligible cross-section
Business & financials
Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.
Company Profile
Financial Snapshot
Shareholder Return
Fiscal 2025
Issued 0.3% of shares last year, 0.9% issued over two.
- Buybacks
- —
- Dividends
- —
Company Financials
Latest TTM and quarters alongside annual years
TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.
The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.
| Metric | TTM · 2026-03-31 2025-04-01 – 2026-03-31 Sources · derived quarter valuesDerived from cumulative filings: operating cash flow, capex, revenue, net income, operating income, ebit, pre tax income, depreciation amortization. | Q1 FY 2026 2026-01-01 – 2026-03-31 Sources | FY 2025Sources
| FY 2024Sources
| FY 2023Sources
| FY 2022Sources
| FY 2021Sources
|
|---|---|---|---|---|---|---|---|
| Market Cap | $706.9Mcurrent | -- | $536.7Mest. | $422.6Mest. | $505.0Mest. | $769.5Mest. | $1.1Best. |
| Revenue | $1.1B↑3% | $264.8M↑2% | $1.1B↑2% | $1.0B↓1% | $1.0B↓2% | $1.1B↓3% | $1.1B |
| Operating Income | $29.5M↑126% | $29.3M↑84% | $16.1M↑114% | -$115.1M↓142% | -$47.6M↓318% | -$11.4M↓108% | $142.9M |
| Net Income | -$3.2M↑98% | $19.2M↑8% | -$4.6M↑97% | -$156.2M↓94% | -$80.5M↓99% | -$40.4M↓136% | $111.1M |
| EPS (Diluted) | -- | $0.36↑3% | $-0.09↑97% | $-3.11↓93% | $-1.61↓99% | $-0.81↓136% | $2.24 |
| Gross Margin | — | — | 49.0%↑1% | 48.7% | 48.8%↓4% | 50.9%↓5% | 53.6% |
| Operating Margin | 2.8%↑126% | 11.1%↑81% | 1.5%↑114% | -11.1%↓144% | -4.5%↓327% | -1.1%↓108% | 12.9% |
| ROE | -0.6%↑98% | — | -0.9%↑97% | -29.8%↓148% | -12.0%↓121% | -5.4%↓172% | 7.6% |
| Total Debt | $428.6M↓12% | $428.6M↓12% | $448.3M↓13% | $515.4M↓7% | $552.6M↓5% | $583.1M↑6760% | $8.5M |
| Shareholders' Equity | $553.5M↑2% | $553.5M↑2% | $534.0M↑2% | $523.5M↓22% | $669.7M↓10% | $741.7M↓50% | $1.5B |
| Current Ratio | 1.56↑5% | 1.56↑5% | 1.63↑7% | 1.53 | 1.53↓4% | 1.59↑22% | 1.31 |
| Debt / Equity | 0.77↓14% | 0.77↓14% | 0.84↓15% | 0.98↑19% | 0.83↑5% | 0.79↑13496% | 0.01 |
| Operating Cash Flow | $88.0M↑70% | $35.2M↑97% | $70.7M↑38% | $51.2M↑6% | $48.4M↓40% | $80.1M↓35% | $123.3M |
| Free Cash Flow | $80.9M↑63% | $32.7M↑86% | $65.8M↑39% | $47.4M↑6% | $44.9M↓38% | $73.0M↓39% | $119.0M |
Score history
Historical Score Timeline
Industry peers
Industry Peers
Similar companies in Healthcare
EHAB vs Peers — Financial Grading
| Company | Market Cap | Price | Revenue | Net Income | ROE | D/E | Op. Margin | Curr. Ratio | Graham | Buffett | Lynch | Greenblatt | Piotroski | Dreman |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HCA Healthcare, Inc.HCA | $104.2B | $499.05 | $75.6B | $6.8B | -112.6% | -7.71 | 13.0% | 0.97 | 1/9 | 5/9 | 3/7 | 1/3 | F-Score 6 | 4/11 |
| TENET HEALTHCARE CORPTHC | $22.8B | $286.03 | $21.3B | $2.4B | 56.1% | 3.12 | 16.5% | 1.76 | 1/9 | 4/9 | 3/7 | 3/3 | F-Score 6 | 5/11 |
| Guardant Health, Inc.GH | $20.5B | $151.70 | $982.0M | $416.3M | 419.2% | -15.14 | -44.5% | 4.84 | 2/9 | 1/9 | 1/7 | 0/3 | F-Score 5 | 2/11 |
| EXACT SCIENCES CORPEXAS | $20.0B | $104.91 | $3.2B | $207.9M | -8.7% | 0.00 | -6.4% | 2.43 | 2/9 | 1/9 | 3/7 | 0/3 | F-Score 7 | 3/11 |
| Fresenius Medical Care AGFMS | $11.4B | $22.03 | $23.1B | $1.1B | 7.4% | 0.81 | 9.3% | 1.26 | 5/9 | 2/9 | 1/7 | 0/3 | F-Score 8 | 5/11 |
| UNIVERSAL HEALTH SERVICES INCUHS | $11.2B | $194.07 | $17.4B | $1.5B | 20.5% | 0.65 | 11.5% | 1.05 | 4/9 | 6/9 | 5/7 | 1/3 | F-Score 7 | 6/11 |
| DAVITA INC.DVA | $11.0B | $174.56 | $13.6B | $746.8M | -114.7% | -15.78 | 15.0% | 1.29 | 1/9 | 4/9 | 2/7 | 1/3 | F-Score 7 | 3/11 |
| CHEMED CORPCHE | $7.1B | $548.20 | $2.5B | $265.2M | 27.1% | — | 13.4% | 1.05 | 4/9 | 7/9 | 3/7 | 1/3 | F-Score 6 | 6/11 |