Electrovaya Inc
Research Electrovaya Inc (ELVA) on Bullrun: valuation model: 3.6% overvalued, market cap USD 287.49M, P/E 59.4. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerELVA
- ExchangeNASDAQ
- CountryCanada
- SectorIndustrials
- IndustryElectrical Equipment & Parts
- CurrencyUSD
- Valuation signal3.6% overvalued
- Market capUSD 287.49M
- P/E59.4
- Financial periodQ2 2026
- RevenueUSD 17.72M
- Net incomeUSD 305.00K
- Free cash flow-USD 14.39M
- Gross margin34.9%
Valuation Snapshot
Bullrun's latest valuation model marks Electrovaya Inc as 3.6% overvalued; latest market cap is USD 287.49M; P/E is 59.4.
Peer valuation comparison
Latest P/E is 59.4x versus a Industrials sector median of 21.2x (180.3% above).
Latest P/E is 59.4x versus a Canada median of 15.17x (291.6% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 63.58M | USD 3.36M | -USD 9.50M | 30.6% | 0.08 | USD 6.36M | USD 22.56M | USD 31.13M |
| FY2024 | USD 44.59M | -USD 1.49M | USD 372.00K | 30.6% | -0.04 | USD 781.00K | USD 20.77M | USD 8.59M |
| FY2023 | USD 43.37M | -USD 1.48M | -USD 5.74M | 25.7% | -0.04 | USD 1.03M | USD 19.03M | USD 7.15M |
| FY2022 | USD 15.62M | -USD 9.21M | -USD 9.03M | 20.6% | -0.31 | USD 626.00K | USD 23.11M | -USD 6.71M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 287.49M | 59.4 | n/a | n/a |
| 2025 | 2025-12-31 | USD 378.92M | 71.8 | n/a | n/a |
| 2024 | 2024-12-31 | USD 99.42M | n/a | n/a | n/a |
| 2023 | 2023-12-29 | USD 103.53M | n/a | n/a | n/a |
| 2022 | 2022-12-30 | USD 121.86M | n/a | n/a | n/a |
| 2021 | 2021-12-31 | USD 105.34M | n/a | n/a | n/a |
About Electrovaya Inc
Electrovaya Inc. engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America. It operates infinity battery systems comprising of low and high voltage systems. The company also operates solid state battery technology.
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Frequently asked questions
Is Electrovaya Inc overvalued or undervalued?
Bullrun's valuation model currently marks Electrovaya Inc as 3.6% overvalued.
What is Electrovaya Inc's market cap?
Electrovaya Inc's market capitalization is USD 287.49M.
What is Electrovaya Inc's P/E ratio?
Electrovaya Inc's price-to-earnings (P/E) ratio is 59.4.
What does Electrovaya Inc do?
Electrovaya Inc. engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America. It operates infinity battery systems comprising of low and high voltage systems. The company also operates solid state battery technology.