How good is the warrior enchantment?

I'm sure it's great if you're a heavy ganking jungler like Lee Sin or Vi and your snowballing, but looking at it, it just gives stats: If I wanted to, I could even turn that Caufields Warhammer into something like a black cleaver instead of upgrading it right away.

Maybe it's just that I'm not that good of a jungler, so I can't take advantage of the stat boost. I'm wondering, in situations where I'm behind or just not snowballing, is it still worth it to rush the Warrior enchant, or should I spend my gold on another item? Or in those situations, would it be better for me to get Cinderhulk (Let's assume the champs I'm using are bruisers so they have some defensive items in their builds)?