Electrovaya Inc. (ELVA) Financial Ratios
29 years of historical data (1997–2025) · Industrials · Electrical Equipment & Parts
EV/EBITDA
↓
59.92
↑+27% vs avg
5yr avg: 47.30
30Y Low36.8·High53.9
P/FCF
N/A
—
5yr avg: 213.03
30Y Low123.5·High123.5
P/B Ratio
↓
13.85
↑+36% vs avg
5yr avg: 10.15
30Y Low3.3·High25.7
ROE
↑
16.9%
↓+108% vs avg
5yr avg: -225.2%
30Y Low-86%·High17%
Debt/EBITDA
↓
3.19
↓-58% vs avg
5yr avg: 7.64
30Y Low3.2·High10.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ELVA Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Electrovaya Inc. trades at 127.7x earnings, 77% above its 5-year average of 72.2x, sitting at the 100th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a premium of 399%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $407M | $244M | $79M | $96M | $104M | $140M | $80M | $16M | $16M | $71M | $204M |
| Enterprise Value | $423M | $260M | $99M | $114M | $127M | $147M | $92M | $29M | $42M | $93M | $212M |
| P/E Ratio → | 127.70 | 72.18 | — | — | — | — | 71.43 | — | — | — | — |
| P/S Ratio | 6.41 | 3.83 | 1.78 | 2.21 | 6.68 | 14.10 | 5.87 | 3.63 | 2.80 | 31.40 | 10.47 |
| P/B Ratio | 13.85 | 7.83 | 9.23 | 13.40 | — | — | — | — | — | — | 25.72 |
| P/FCF | — | — | 213.03 | — | — | — | — | — | — | — | — |
| P/OCF | 237.20 | 141.93 | 76.35 | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
ELVA EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Electrovaya Inc.'s enterprise value stands at 59.9x EBITDA, 27% above its 5-year average of 47.3x. The Industrials sector median is 13.8x, placing the stock at a 333% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.09 | 2.23 | 2.62 | 8.12 | 14.84 | 6.72 | 6.45 | 7.54 | 41.01 | 10.84 |
| EV / EBITDA | 59.92 | 36.78 | 51.21 | 53.91 | — | — | — | — | — | — | — |
| EV / EBIT | 76.44 | 66.40 | 57.87 | 333.57 | — | — | 21.82 | — | — | — | — |
| EV / FCF | — | — | 266.78 | — | — | — | — | — | — | — | — |
ELVA Profitability
Margins and return-on-capital ratios measuring operating efficiency
Electrovaya Inc. earns an operating margin of 8.7%, above the Industrials sector average of 4.3%. Operating margins have expanded from 2.8% to 8.7% over the past 3 years, signaling improving operational efficiency. ROE of 16.9% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 10.9% represents solid returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.6% | 30.6% | 30.6% | 25.7% | 20.6% | 22.8% | 29.8% | 33.3% | 31.3% | 39.8% | 24.9% |
| Operating Margin | 8.7% | 8.7% | 1.6% | 2.8% | -46.5% | -73.4% | -28.5% | -159.5% | -180.9% | -206.7% | -43.1% |
| Net Profit Margin | 5.3% | 5.3% | -3.3% | -3.4% | -59.0% | -75.9% | 8.1% | -64.1% | -402.2% | -930.7% | -45.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 16.9% | 16.9% | -18.9% | -673.8% | — | — | — | — | — | -629.3% | -85.8% |
| ROA | 6.5% | 6.5% | -3.9% | -5.0% | -49.6% | -58.8% | 17.5% | -31.7% | -88.2% | -63.8% | -30.2% |
| ROIC | 10.9% | 10.9% | 2.0% | 4.4% | -50.9% | -126.8% | -487.9% | -94.9% | -45.5% | -19.6% | -43.1% |
| ROCE | 17.1% | 17.1% | 7.0% | 25.5% | -1383.3% | -477.6% | — | — | -313.0% | -51.0% | -68.1% |
ELVA Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Electrovaya Inc. carries a Debt/EBITDA ratio of 3.2x, which is moderately leveraged (roughly in line with the sector average of 3.2x). Net debt stands at $16M ($23M total debt minus $6M cash). Interest coverage of just 1.5x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.72 | 0.72 | 2.42 | 2.66 | — | — | — | — | — | — | 1.01 |
| Debt / EBITDA | 3.19 | 3.19 | 10.72 | 9.02 | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.52 | 2.33 | 2.52 | — | — | — | — | — | — | 0.92 |
| Net Debt / EBITDA | 2.29 | 2.29 | 10.32 | 8.53 | — | — | — | — | — | — | — |
| Debt / FCF | — | — | 53.74 | — | — | — | — | — | — | — | — |
| Interest Coverage | 1.50 | 1.50 | 0.54 | 0.14 | -3.02 | -1.82 | 1.36 | -0.34 | -1.95 | -0.59 | -9.10 |
ELVA Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Electrovaya Inc.'s current ratio of 4.16x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.93x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 0.97x to 4.16x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.16 | 4.16 | 1.03 | 0.97 | 0.65 | 0.89 | 0.49 | 0.13 | 0.23 | 0.88 | 1.06 |
| Quick Ratio | 2.93 | 2.93 | 0.69 | 0.66 | 0.33 | 0.55 | 0.37 | 0.07 | 0.14 | 0.72 | 0.23 |
| Cash Ratio | 0.63 | 0.63 | 0.03 | 0.04 | 0.03 | 0.31 | 0.07 | 0.02 | 0.01 | 0.13 | 0.03 |
| Asset Turnover | — | 0.99 | 1.13 | 1.19 | 0.70 | 0.66 | 1.28 | 2.12 | 0.36 | 0.06 | 0.63 |
| Inventory Turnover | 3.54 | 3.54 | 3.19 | 3.90 | 1.69 | 1.64 | 4.73 | 2.96 | 2.20 | 0.34 | 0.81 |
| Days Sales Outstanding | — | 94.58 | 92.43 | 89.31 | 68.07 | 49.33 | 66.54 | 28.55 | 59.35 | 125.78 | 56.46 |
ELVA Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Electrovaya Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 0.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.8% | 1.4% | — | — | — | — | 1.4% | — | — | — | — |
| FCF Yield | — | — | 0.5% | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $41M | $34M | $34M | $29M | $28M | $24M | $21M | $20M | $18M | $17M |
Peer Comparison
Compare ELVA with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ELVAYou | $407M | 127.7 | 59.9 | — | 30.6% | 8.7% | 16.9% | 10.9% | 3.2 |
 CBAT | $61M | -6.8 | — | 0.0 | 9.4% | -9.6% | -0.0% | -0.0% | — |
 MVST | $430M | -14.3 | 6.9 | 7.7 | 36.2% | 9.5% | -7.3% | 5.4% | 2.5 |
 NRGV | $709M | -6.3 | — | — | 23.6% | -36.5% | -96.4% | -49.5% | — |
 SLDP | $623648 | -5.6 | — | — | 5.0% | -463.7% | -22.6% | -19.6% | — |
 QS | $5B | -10.6 | — | — | — | — | -37.4% | -33.4% | — |
 FLUX | $15M | -2.1 | — | — | 32.7% | -7.6% | — | -30.1% | — |
 CLFD | $554M | -69.7 | 65.6 | 22.4 | 33.7% | 1.4% | -3.0% | 0.6% | 1.1 |
 PCRX | $878M | 139.6 | 9.4 | 6.4 | 79.4% | 4.6% | 1.0% | 2.3% | 3.7 |
 EOSE | $2B | -1.1 | — | — | -125.9% | -225.5% | — | — | — |
 ALB | $19B | -27.9 | 27.3 | 27.3 | 13.1% | 1.8% | -5.1% | 0.6% | 4.4 |
| Industrials Median | — | 25.6 | 13.8 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 29 years · Updated daily
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ELVA — Frequently Asked Questions
Quick answers to the most common questions about buying ELVA stock.
What is Electrovaya Inc.'s P/E ratio?
Electrovaya Inc.'s current P/E ratio is 127.7x. The historical average is 71.8x. This places it at the 100th percentile of its historical range.
What is Electrovaya Inc.'s EV/EBITDA?
Electrovaya Inc.'s current EV/EBITDA is 59.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 47.3x.
What is Electrovaya Inc.'s ROE?
Electrovaya Inc.'s return on equity (ROE) is 16.9%. The historical average is -29.1%.
Is ELVA stock overvalued?
Based on historical data, Electrovaya Inc. is trading at a P/E of 127.7x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Electrovaya Inc.'s profit margins?
Electrovaya Inc. has 30.6% gross margin and 8.7% operating margin.
How much debt does Electrovaya Inc. have?
Electrovaya Inc.'s Debt/EBITDA ratio is 3.2x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.