# Electrovaya Inc. (ELVA) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Financial Services. Price $6.90, market value $342 million.

## Valuation
- **P/E (trailing): 69.0×** (5-yr avg 73.6×, 3-yr avg 73.6×). Electrovaya Inc. trades at 69.0× trailing earnings, close to its own five-year average of 73.6×. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 30.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.10**. A PEG of 0.10 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 4.8×**. Each dollar of revenue is priced at 4.8×.
- **Price / book: 5.1×**. The shares trade at 5.1× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 56.3×**. Enterprise value is 56.3× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: -10.8%** (5-yr avg -4.5%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 1.4%**. The inverse of the P/E: 1.4% of the price is earned each year.

## Profitability
- **Gross margin: 32.8%**. Electrovaya Inc. keeps 32.8% of revenue after the direct cost of what it sells.
- **Operating margin: 9.4%**. 9.4% of revenue is left after running the business.
- **Net margin: 5.3%**. 5.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 10.8%**. 10.8% on shareholders' equity is solid.
- **Return on invested capital: 11.2%**. Return on all capital, debt included, is 11.2%.
- **Return on assets: 6.9%**. Each dollar of assets produces 6.9% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 42.6%** (3-yr 59.7%/yr). Revenue grew 42.6% over the last year.
- **EPS growth (1 yr): 300.0%**. Earnings per share rose 300.0%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.
- **Cash and short-term investments: $6 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend: none**. Electrovaya Inc. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 8.0%** (YTD -12.7%, 3-mo -33.3%). The shares are up 8.0% over twelve months including dividends.
- **From 52-week high: -46.0%** (68.3% above the low). Trading 46% 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): 43**. An RSI of 43 is neutral.
- **Beta (1 yr): 3.25** (volatility 100%). Beta of 3.25 against the S&P 500: the shares move much more than the market.

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

Not investment advice.