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. In the quarter to June 2026, revenue grew 3.40%, EPS fell 69.5%, free cash flow fell 266.0% and total debt rose 97.4%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.
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Electrovaya Inc. (ELVA) EV/Sales
As of 16 October 2026, Electrovaya Inc. (ELVA) trades at a EV/Sales of 3.9×. Over the past ten years it has ranged from 0.0× (September 2021) to 67.0× (October 2021); the current reading is higher than 51% of that period. That is above the Electrical Equipment & Parts industry median of 2.4× and above the Industrials sector median of 1.9×.
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× | 34.83% |
| 19 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| LTBR Lightbridge Corporation compare | −406× |
| FAC Factorial Energy Inc. compare | n/m |
| SKYX SKYX Platforms Corp. compare | 1.2× |
| ESP Espey Mfg. & Electronics Corp. compare | 2.4× |
| EAF GrafTech International Ltd. compare | 2.4× |
| ELVA Electrovaya Inc. | 3.9× |
| NEOV NeoVolta, Inc. compare | 4.6× |
| ENVX Enovix Corporation compare | 16.7× |
| HYLN Hyliion Holdings Corp. compare | 53.1× |
| Electrical Equipment & Parts industry median | 2.4× |
| Industrials sector median | 1.9× |
| 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)