# SES AI Corporation (SES) fundamentals

Data as of 2026-11-07. NYSE, United States. Sector: Consumer Cyclical / Auto Parts. Price $0.83, market value $309 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). SES AI Corporation 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: 13.2×**. Each dollar of revenue is priced at 13.2×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 1.7×**. The shares trade at 1.7× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: -19.6%** (5-yr avg -9.4%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 27.8%**. SES AI Corporation keeps 27.8% of revenue after the direct cost of what it sells.
- **Operating margin: -312.8%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -347.8%**. The company reported a net loss over the last twelve months.
- **Return on equity: -34.0%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -31.2%**. Return on all capital, debt included, is -31.2%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -24.9%**. Each dollar of assets produces -24.9% of profit.

## Growth
- **Revenue growth (1 yr): 929.4%**. Revenue grew 929.4% over the last year.
- **EPS growth (1 yr): 29.0%**. Earnings per share rose 29.0%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.5×**. It would take 0.5 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 8.95** (quick 8.95). Current assets cover the next year's liabilities 8.95 times.
- **Altman Z-score: 4.23**. A Z-score of 4.23 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. SES AI Corporation does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): -62.0%** (YTD -53.7%, 3-mo 48.2%). The shares are down 62.0% over twelve months including dividends.
- **From 52-week high: -68.2%** (69.6% above the low). Trading 68% 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): 55**. An RSI of 55 is neutral.
- **Beta (1 yr): 2.97** (volatility 115%). Beta of 2.97 against the S&P 500: the shares move much more than the market.

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

Not investment advice.