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ELVAElectrovaya Inc.
$5.17$256M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
ELVA logo

Electrovaya Inc.

ELVA
NASDAQ · Electrical Equipment
$5.17
At close - Oct 23, 4:00 PM EDT - USD
Market Cap$256M
P/E63.4x
52W High$12.78
Volume288.45K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Aggressive Manufacturing Expansion Pressures Free Cash Flow

Electrovaya is currently navigating a high-stakes transition toward domestic cell manufacturing, characterized by significant capital expenditure that reached 82.5% of revenue in 2026Q2. While the company maintains a stable gross margin profile near 30%, its r...

GrowthMixed
ProfitabilityModerate
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

ELVA price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

7/12 Beats

EPS beat 7 of last 12 quarters

02

Valuation risk

-9% Peers

P/E is 9% below peer median

03

Market leadership

RS 18 · Lag

Laggard (Underperforming 82% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Dec 9

Market performance

Price History →

Trailing total returns as of 10/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
ELVA-34.72%
S&P 500 (^GSPC)+11.24%
1-Year Return
ELVA-17.81%
S&P 500 (^GSPC)+13.13%
3-Year Return
ELVA+83.99%
S&P 500 (^GSPC)+79.70%
5-Year Return
ELVA+7.71%
S&P 500 (^GSPC)+72.23%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
63.4x
Forward P/EExpansion
60.6x
EV/EBITDA33rd %ile
38.5x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
63.4x
72.2x
0th· Low
EV/EBITDA
38.5x
51.2x
33rd· Fair
Price/FCF
N/A
213.0x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue
$64M+42.6% YoY
Net income
$3M+326.5% YoY
Free cash flow
-$10M-2654.3% YoY
Operating margin
8.7%+7.1 pts YoY
ROIC (TTM)10.9%
Avg ROIC 5Y-
ROE (TTM)16.9%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate7/12 (58%)
Revenue Beat Rate4/12 (33%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 10, 2026
$0.01-66.7%
vs $0.03
$18M-17.4%
vs $21M
Q2 2026
May 14, 2026
$0.02+100.0%
vs $0.01
$18M+1.7%
vs $18M
Q1 2026
Feb 12, 2026
$0.02+100.0%
vs $0.01
$16M-7.2%
vs $17M
Q4 2025
Dec 10, 2025
$0.06+20.0%
vs $0.05
$21M+1.3%
vs $20M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Defense World·Oct 16, 2026
Energy Focus (NASDAQ:EFOI) versus Electrovaya (NASDAQ:ELVA) Head-To-Head Survey

Electrovaya (NASDAQ: ELVA - Get Free Report) and Energy Focus (NASDAQ: EFOI - Get Free Report) are both small-cap industrials companies, but which is the superior stock? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, profitability, risk, earnings, dividends and valuation. Profitability This table compares Electrovaya and Energy Focus'

The Motley Fool·Oct 15, 2026
Electrovaya's 2026 Outlook: Scaling Manufacturing to Support New Data Center Energy Storage

Electrovaya successfully scaled production and reached profitability in 2025. Aggressive capital spending for manufacturing creates ongoing free cash flow pressure.

Accesswire·Oct 14, 2026
Electrovaya Provides a Business Update

TORONTO, ON / ACCESS Newswire / October 14, 2026 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium-ion battery technology and manufacturing company, today provided a business update, including preliminary fiscal 2026 revenue expectations and progress on its Jamestown, New York manufacturing facility and ElvaPulse™ stationary energy storage product line. All dollar amounts are in U.S. dollars unless otherwise noted.

Defense World·Oct 1, 2026
Electrovaya (NASDAQ:ELVA) vs. American Battery Technology (NASDAQ:ABAT) Financial Analysis

American Battery Technology (NASDAQ: ABAT - Get Free Report) and Electrovaya (NASDAQ: ELVA - Get Free Report) are both small-cap industrials companies, but which is the better investment? We will contrast the two companies based on the strength of their institutional ownership, risk, analyst recommendations, profitability, dividends, valuation and earnings. Valuation and Earnings This table compares American

Filtered for Electrovaya Inc.More Headlines
04

Compare before deciding

Benchmark ELVA against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Electrovaya Inc. (ELVA)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ELVA logoELVAElectrovaya Inc.Current
$5.17$255.95M63.3642.58%5.29%16.94%—
CBAT logoCBATCBAK Energy Technology, Inc.
$0.82$73.05M-8.2410.52%-7.43%-15.32%—
MVST logoMVSTMicrovast Holdings, Inc.
$0.50$166.11M-5.5412.56%13.95%11.54%—
NRGV logoNRGVEnergy Vault Holdings, Inc.
$2.55$462.16M-3.92340.86%-48.58%-171.75%—
SLDP logoSLDPSolid Power, Inc.
$1.98$445.47M-3.887.98%-876.07%-19.68%—
QS logoQSQuantumScape Corporation
$4.03$2.48B-5.30——-35.5%—

Compare ELVA vs Peers

Electrovaya Inc. (ELVA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CBAT

Most directly comparable listed peer for ELVA.

Scale Benchmark

vs BE

Larger-name benchmark to compare ELVA against a more recognizable public peer.

Peer Set

Compare Top 5

vs CBAT, MVST, NRGV, SLDP

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ELVA Frequently Asked Questions

Electrovaya Inc. (ELVA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Electrovaya Inc.'s revenue?

Electrovaya Inc. (ELVA) reported $70.9M in revenue for fiscal year 2025.

How fast is Electrovaya Inc. growing?

Electrovaya Inc. (ELVA) grew revenue by 42.6% over the past year. This is strong growth.

Is ELVA profitable?

Yes, Electrovaya Inc. (ELVA) is profitable, generating $4.4M in net income for fiscal year 2025 (5.3% net margin).

Dividend & Returns
What is ELVA's return on equity?

Electrovaya Inc. (ELVA) has a return on equity (ROE) of 16.9%. This is reasonable for most industries.

What is Electrovaya Inc.'s free cash flow?

Electrovaya Inc. (ELVA) had negative free cash flow of $44.2M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in ELVA back in 1997?

Total return calculator · dividends reinvested · 29+ years of data

See returns →