diff --git a/graphify/export.py b/graphify/export.py
index 9aa11003..328b5256 100644
--- a/graphify/export.py
+++ b/graphify/export.py
@@ -444,8 +444,11 @@ def _obsidian_safe_stem(label: str) -> str:
         label.replace("\r\n", " ").replace("\r", " ").replace("\n", " "),
     ).strip()
     cleaned = re.sub(r"\.(md|mdx|qmd|markdown)$", "", cleaned, flags=re.IGNORECASE)
-    # Obsidian treats a leading-dot filename as a hidden file (#2205).
-    if cleaned.startswith("."):
+    # Obsidian treats a leading-dot filename as a hidden file (#2205). Only
+    # prefix when something nameable remains after the dots: an all-dots label
+    # like "..." would otherwise become the meaningless stem "dot-" instead of
+    # falling through to the "unnamed" guard below (#1409).
+    if cleaned.startswith(".") and re.search(r"\w", cleaned.lstrip("."), flags=re.UNICODE):
         cleaned = "dot-" + cleaned.lstrip(".")
     # A stem of only punctuation (e.g. "@", "*", "#") survives the unsafe-char
     # strip above but is empty once a downstream tool re-slugs on word chars
diff --git a/tests/test_detect.py b/tests/test_detect.py
index 15fb570e..63b13a00 100644
--- a/tests/test_detect.py
+++ b/tests/test_detect.py
@@ -2530,3 +2530,42 @@ def test_sensitive_bare_keyword_prose_still_dropped():
     assert _is_sensitive(Path("secrets.md"))
     assert _is_sensitive(Path("token.rst"))
     assert not _is_sensitive(Path("token-lifecycle.md"))  # multi-word slug indexed
+
+
+# ── #2232 / #2184: committed dotenv templates (.env.example etc.) are graphable ──
+
+@pytest.mark.parametrize("path", [
+    ".env.example",
+    ".env.sample",
+    ".env.template",
+    ".env.dist",
+    ".ENV.EXAMPLE",              # case-insensitive, real on macOS/Windows
+    ".envrc.sample",             # direnv template
+    ".env.production.example",   # per-environment template
+])
+def test_sensitive_filter_indexes_env_templates(path):
+    """Placeholder-only committed templates must not be treated as live secrets."""
+    assert not _is_sensitive(Path(path)), f"{path} is a committed template, must be indexed (#2184)"
+
+
+@pytest.mark.parametrize("path", [
+    ".env",
+    ".env.local",
+    ".env.production",
+    ".envrc",
+    ".env.example.local",   # template suffix not final -> a real local override
+    ".env.example.bak",     # backup of a (possibly filled-in) env file
+])
+def test_sensitive_filter_still_excludes_real_env_files(path):
+    """The template carve-out is suffix-anchored; live env files stay excluded."""
+    assert _is_sensitive(Path(path)), f"{path} is a live env file, must stay excluded (#2184)"
+
+
+@pytest.mark.parametrize("path", [
+    "secrets/.env.example",
+    "deploy/credentials/.env.example",
+])
+def test_sensitive_env_template_inside_secrets_dir_still_dropped(path):
+    """Stage 1 dir guard runs before the Stage 2 template exemption: anything
+    under a secrets/credentials dir stays excluded, template suffix or not."""
+    assert _is_sensitive(Path(path)), f"{path} is under a secrets dir, must stay excluded (#2184)"
diff --git a/tests/test_export.py b/tests/test_export.py
index 57d66797..7b55780e 100644
--- a/tests/test_export.py
+++ b/tests/test_export.py
@@ -459,6 +459,16 @@ def test_to_obsidian_leading_dot_labels_are_not_hidden_filenames():
         assert not any(s.startswith(".") for s in file_stems), file_stems
 
 
+def test_obsidian_safe_stem_all_dots_label_falls_back_to_unnamed():
+    """#2205 follow-up: the `dot-` prefix only applies when a word char survives
+    the dot strip. An all-dots label like "..." must hit the #1409 "unnamed"
+    fallback, not produce the meaningless stem "dot-"."""
+    from graphify.export import _obsidian_safe_stem
+    assert _obsidian_safe_stem(".env") == "dot-env"        # #2205 fix unchanged
+    assert _obsidian_safe_stem("...") == "unnamed"         # not "dot-"
+    assert _obsidian_safe_stem("Database") == "Database"   # normal labels untouched
+
+
 # ── Existing-vault safety: graphify must not clobber user notes / .obsidian (#1506) ──
 
 def _two_node_graph():