Energy Recovery, Inc. (ERII)
Industrials · NMS
Price as at 30 Sept 2026, 17:51 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Energy Recovery, Inc. trades at $6.74, which is 111% below the $14.25 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 63 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 23.3 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
ERII earnings and analyst estimates
Recommendation mix, 4 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Energy Recovery, Inc.
Energy Recovery, Inc., together with its subsidiaries, designs, manufactures, and sells energy efficiency technology solutions in the United States, North, South and Latin America, the Middle East, Northern Africa, Asia, and Europe. It operates through Water and Emerging Technologies segments. The company offers high and low pressure, and ultra high-pressure exchangers; AT and LPT hydraulic turbochargers; and high-pressure feed and circulation pumps for use in water treatment industries, including seawater and brackish desalination, and wastewater treatment. It also provides PX G1300, which reduces energy consumption and operating costs of carbon dioxide-based refrigeration systems; and spare parts, as well as repair, field, and commissioning services. The company sells its products under the ERI, PX, PX Pressure Exchanger, Pressure Exchanger, Ultra High-Pressure PX, PX G1300, PX PowerTrain, PX G, AT, and Aquabold brands to supermarket chains, cold storage facilities, refrigeration system installers or OEMs, and other industrial users; and aftermarket customers consisting of desalination plant owners and operators. Energy Recovery, Inc. was incorporated in 1992 and is headquartered in San Leandro, California.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
ERII passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
7 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Marshall Wace, MARSHALL WACE, LLP$6.11M · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$4.30M · 0.0% of book
- Paul Tudor Jones, TUDOR INVESTMENT CORP ET AL$4.26M · 0.0% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$2.37M · 0.0% of book
- Two Sigma, TWO SIGMA INVESTMENTS, LP$2.10M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
ERII peers
The largest companies in the same industry (Pollution & Treatment Controls), then in the same sector.
- ZWS Zurn Elkay Water Solutions Corporation
- PCT PureCycle Technologies, Inc.
- ADUR Aduro Clean Technologies Inc.
- DEVSF DevvStream Corp.
- RAKR Rainmaker Worldwide Inc.
- ATCO-A.ST Atlas Copco
- VOLV-B.ST Volvo AB
- SAND.ST Sandvik
Every industrials company we cover is on the Industrials hub.
Common questions
Is Energy Recovery, Inc. (ERII) undervalued?
Against our fair value estimate of $14.25, ERII at $6.74 is 111% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own ERII?
7 of the institutions we track reported a position in ERII in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is ERII's P/E ratio?
ERII trades at 23.3 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Where does SteadyShares get its ERII data?
Fundamentals for ERII come from company filings and exchange data, as listed on NMS; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 30 Sept 2026, 17:51 UTC and is delayed. Our data quality score for this company is 92/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for ERII, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.