Electrovaya Inc.

ELVA Industrials Electrical Equipment & Parts

Electrovaya Inc.’s revenue for fiscal 2025 (year ended September 2025) was $63.8 million, up 43.1% from fiscal 2024.

Revenue
+3.40%
EPS
−69.5%
Free cash flow
−266.0%
Total debt
+97.4%

Quarter to June 2026, against a year earlier

4.83 0.20 +4.32%
Market cap
$231.5M
P/E
44.0×
Fwd P/E
95.4×
Dividend yield
—
F-score
6/9
Altman Z
3.34
Beneish M
22.58
Dividend safety
n/a

Electrovaya Inc. (ELVA) EV/Sales

Alert me on EV/Sales

As of 5 November 2026, Electrovaya Inc. (ELVA) trades at a EV/Sales of 3.6×. Over the past ten years it has ranged from 0.0× (September 2021) to 67.0× (October 2021); the current reading is higher than 49% of that period. That is above the Electrical Equipment & Parts industry median of 1.8× and above the Industrials sector median of 1.8×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 3.9× 110.63%
FY2024 1.8× (13.65%)
FY2023 2.1× (68.48%)
FY2022 6.8× (88.81%)
FY2021 60.3× —
FY2020 0.0× —
FY2019 0.0× —

Quarterly newest first

Period EV/Sales Change
Jun 2026 7.6× 36.98%
Mar 2026 5.6× 11.10%
Dec 2025 5.0× 29.55%
Sep 2025 3.9× 34.49%
19 more quarters

Against its own ten years

Low 0.0× High 67.0×
Ten-year median 3.8×
Current reading's percentile 39

EV/Sales against peers

Company EV/Sales
LTBR Lightbridge Corporation compare −615×
FAC Factorial Energy Inc. compare n/m
ULBI Ultralife Corporation compare 1.6×
ESP Espey Mfg. & Electronics Corp. compare 1.8×
EAF GrafTech International Ltd. compare 2.6×
ELVA Electrovaya Inc. 3.6×
NEOV NeoVolta, Inc. compare 4.3×
ENVX Enovix Corporation compare 16.2×
HYLN Hyliion Holdings Corp. compare 45.2×
Electrical Equipment & Parts industry median 1.8×
Industrials sector median 1.8×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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