While EnerSys (NYSE:ENS) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 14% in the last quarter. But at least the stock is up over the last year. In that time, it is up 10%, which isn't bad, but is below the market return of 10%.

Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns.

See our latest analysis for EnerSys

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

During the last year EnerSys grew its earnings per share (EPS) by 88%. It's fair to say that the share price gain of 10% did not keep pace with the EPS growth. Therefore, it seems the market isn't as excited about EnerSys as it was before. This could be an opportunity.

You can see how EPS has changed over time in the image below (click on the chart to see the exact values).

It is of course excellent to see how EnerSys has grown profits over the years, but the future is more important for shareholders. Take a more thorough look at EnerSys' financial health with this free report on its balance sheet.

A Different Perspective

EnerSys' TSR for the year was broadly in line with the market average, at 11%. That gain looks pretty satisfying, and it is even better than the five-year TSR of 1.3% per year. It is possible that management foresight will bring growth well into the future, even if the share price slows down. Most investors take the time to check the data on insider transactions. You can click here to see if insiders have been buying or selling.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.

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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.