Hi Geoff,
The SNR estimate is computed as Equation 12 in
ImageIntegration documentation. Note that this is not an estimate of
SNR increment, which is what you probably expected here. This SNR estimate is given for informational purposes, although it is not a robust estimate for the reasons noted in the documentation, so it must be used with great care for comparisons.
The effective noise reduction estimate (ENR) is given by Equations 40 and 41. If you have selected the same exact image three or more times in ImageIntegration, the ENR estimate should be exactly one. I have just made a test and ENR = 1.0 as expected.
If you get an ENR estimate of 1.15, then there are different input images. Can you double check this?