# EHang Holdings Limited ADS (EH) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Industrials / Aerospace & Defense. Price $4.69, market value $356 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). EHang Holdings Limited ADS reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 1.0×**. Each dollar of revenue is priced at 1.0×.
- **Price / book: 2.6×**. The shares trade at 2.6× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: -13.2%**. Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 61.0%**. EHang Holdings Limited ADS keeps 61.0% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: -117.3%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -66.0%**. The company reported a net loss over the last twelve months.
- **Return on equity: -25.8%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -314.5%**. Return on all capital, debt included, is -314.5%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -130.2%**. Each dollar of assets produces -130.2% of profit.

## Growth
- **Revenue growth (1 yr): -4.4%** (3-yr 110.3%/yr, 5-yr 16.7%/yr). Revenue fell 4.4% over the last year, against 16.7% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -17.4%**. Earnings per share fell 17.4%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.08**. Debt is 0.08 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.1×**. It would take 0.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: -48.5×**. Operating profit covers interest only -48.5×: fragile.
- **Altman Z-score: 2.05**. A Z-score of 2.05 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. EHang Holdings Limited ADS does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (9 analysts). 9 analysts cover EHang Holdings Limited ADS; the consensus is buy, with an average price target of $10.81 (+131% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -70.9%** (YTD -64.4%, 3-mo -40.6%). The shares are down 70.9% over twelve months including dividends.
- **From 52-week high: -76.8%** (7.9% above the low). Trading 77% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 37**. An RSI of 37 is neutral.
- **Beta (1 yr): 2.29** (volatility 61%). Beta of 2.29 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=EH · Page: https://foliofundamentals.com/stocks/eh

Not investment advice.