ADSE vs ELVA vs EVGO Stock Comparison

Ads-Tec Energy Public, Electrovaya and EVgo Prices as of Oct 26, 2026 Peers: Industry group
ELVA Electrovaya Inc.
$5.13 -19.2% 1M -22.3% 1Y
Market cap
$203.98M
P/E
46.3x
Revenue (TTM)
$71.82M
Div. yield
–
Energy Storage Industrials
5 wins
EVGO EVgo Inc.
$1.06 -23.2% 1M -74.2% 1Y
Market cap
$167.89M
P/E
–
Revenue (TTM)
$402.95M
Div. yield
–
EV Charging Industrials
1 win

Head to Head

9 decided of 12

Electrovaya leads on 5 of the 12 questions below (Electrovaya 5, Ads-Tec Energy Public 3, EVgo 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionADSEELVAEVGOLeader
Larger companyMarket capitalisation $517.41M $203.98M $167.89M ADSE
Cheaper on earningsLower P/E, profitable companies only — 46.3x -3.1x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 57.0x — –
Faster revenue growthRevenue growth, trailing twelve months — +30.9% +30.7% ELVA
More profitableNet margin, trailing twelve months — 6.1% -13.5% ELVA
Better return on capitalReturn on invested capital — 3.4% -44.7% ELVA
Less leveragedLower net debt / EBITDA — 4.9x -3.8x EVGO
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -8.2% -22.3% -74.2% ADSE
Better 5-year returnAnnualised price return, 5 years -1.4%/yr +1.7%/yr -33.8%/yr ELVA
Less volatileAnnualised volatility, 1 year 46.4% 94.5% 65.5% ADSE
Higher overall scoreMean of the five percentile scores vs peers — 76/100 43/100 ELVA

Percentile Scorecard

ADSEELVAEVGO

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisADSEELVAEVGO
Valuation – 65 #22 of 61 37 #39 of 61
Growth – 95 #4 of 58 49 #30 of 58
Profitability – 74 #15 of 55 52 #27 of 55
Financial Health 6 #67 of 71 54 #33 of 71 33 #48 of 71
Shareholder Returns – 93 #3 of 29 –
Overall – 76 43
  • ADSE ranked among 71 companies in Clean Energy Equipment
  • ELVA ranked among 71 companies in Clean Energy Equipment
  • EVGO ranked among 71 companies in Clean Energy Equipment

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodADSEELVAEVGOSPY
1 month -14.2%-19.2%-23.2% -0.8%
3 months -22.5%-38.9%-32.1% +3.5%
6 months -22.3%-44.9%-50.2% +7.0%
Year to date -26.8%-35.1%-63.6% +12.2%
1 year -8.2%-22.3%-74.2% +13.0%
3 years +41.2%+80.8%-51.6% +86.3%
3 years, per year +12.2%+21.8%-21.5% +23.1%
5 years -6.8%+8.8%-87.3% +68.6%
5 years, per year -1.4%+1.7%-33.8% +11.0%
10 years —-56.0%— +258.0%
10 years, per year —-7.9%— +13.6%

Risk

MeasureADSEELVAEVGOSPY
Volatility, 1Y 46.4%94.5%65.5% 12.7%
Downside volatility, 1Y 47.7%90.9%66.8% 12.7%
Beta vs S&P 500, 1Y 0.143.442.71 1.00
Return / volatility, 1Y -0.18-0.24-1.13 1.02
Max drawdown, 5Y -80.6%-64.2%-94.7% -25.4%
From 52-week high -28.0%-58.2%-74.8% -1.8%
52-week high $12.88$12.26$4.20 $779.14
52-week low $9.28$4.23$1.02 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleADSEELVAEVGO
P/E now vs peer median —median 25.4x 45.5xmedian 25.4x -2.8xmedian 25.4x
P/S now vs peer median —median 2.1x 3.0xmedian 2.1x 0.8xmedian 2.1x
EV/EBITDA now vs peer median —median 17.5x 47.0xmedian 17.5x -11.2xmedian 17.5x
P/FCF now vs peer median —median 27.3x 57.1xmedian 27.3x -1.7xmedian 27.3x
P/B now vs peer median 63.2xmedian 1.7x 3.2xmedian 1.7x -16.3xmedian 1.7x
PEG now vs peer median —median 0.77 —median 0.77 -0.10median 0.77

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsADSEELVAEVGO
Revenue – $71.82M $402.95M
Gross profit – $23.70M $77.85M
Operating income – $6.72M -$122.95M
Net income – $4.41M -$102.15M
Free cash flow – $3.78M -$193.34M
R&D – $4.26M –
EPS (diluted) – – $-0.39
Cash & equivalents $5.24M $13.08M $121.82M
Total debt $49.29M $118.21M $297.25M
Shares (diluted) 56.39M – 140.36M
Enterprise value $435.11M $141.49M -$408.70M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricADSEELVAEVGO
P/E – 45.5x -2.8x
P/FCF – 57.1x -1.7x
P/Operating cash flow – -25.9x -6.2x
P/S – 3.0x 0.8x
P/B 63.2x 3.2x -16.3x
P/Tangible book 63.2x 3.2x -6.6x
EV/EBITDA – 47.0x -11.2x
EV/EBIT – 35.9x -4.1x
EV/Revenue – 3.4x 1.3x
EV/FCF – 63.7x -2.6x
EV/Operating cash flow – -28.9x -9.5x
PEG (3Y EPS CAGR) – – -0.10

Growth

14 metrics
MetricADSEELVAEVGO
Revenue growth (1Y) – 30.9% 30.7%
Revenue CAGR (3Y) – 31.3% 52.5%
Gross profit growth (1Y) – 45.1% 97.8%
Gross profit CAGR (3Y) – 43.3% 295.0%
Operating income growth (1Y) – 159.9% 6.2%
Operating income CAGR (3Y) – 52.9% 8.2%
Net income growth (1Y) – 267.2% 7.2%
Net income CAGR (3Y) – 38.9% 9.7%
EPS growth (1Y) – – -7.2%
EPS CAGR (3Y) – – 27.8%
Operating cash flow growth (1Y) – -26.6% -1,816%
Operating cash flow CAGR (3Y) – – -7.5%
Free cash flow growth (1Y) – 145.4% -120.7%
Free cash flow CAGR (3Y) – – 10.6%

Profitability

14 metrics
MetricADSEELVAEVGO
Gross margin – 33.0% 19.3%
EBITDA margin – 7.1% -11.3%
Operating margin – 9.3% -30.5%
Pretax margin – 9.3% -31.8%
Net margin – 6.1% -13.5%
FCF margin – 5.3% -48.0%
Operating cash flow margin – -11.6% -13.3%
Return on equity – 9.8% -1,342%
Return on assets – 5.7% -13.0%
Return on invested capital – 3.4% -44.7%
Return on capital employed – 6.6% -15.0%
Asset turnover – 0.6x 0.4x
Cash conversion (OCF / net income) – -1.9x 0.5x
Stock comp / revenue – 4.6% 5.5%

Financial Health

11 metrics
MetricADSEELVAEVGO
Debt / assets 52.9% 32.3% 30.7%
Debt / equity 5.6x 0.6x -14.5x
Net debt / EBITDA – 4.9x -3.8x
Debt / FCF – 10.1x -1.5x
Liabilities / assets 90.5% 43.3% 102.1%
Equity / assets 9.5% 56.7% -2.1%
Interest coverage – 18.8x -7.8x
Current ratio 0.9x 7.5x 2.2x
Quick ratio 0.2x 4.3x 1.2x
Cash ratio 0.1x 1.3x 1.0x
Altman Z-score – 2.53 0.35

Shareholder Returns

7 metrics
MetricADSEELVAEVGO
Dividend yield – – –
Net buyback yield – 1.9% –
Shareholder yield – 1.9% –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusADSEELVAEVGO
Forward P/E – 57.0xFY2026 –
EPS, next fiscal year $-0.58FY2026 $0.09FY2026 $-0.52FY2026
EPS growth, next FY – 0.0%FY2026 –
EPS growth, the year after – +133.3% –
Revenue, next fiscal year $206.66MFY2026 $74.36MFY2026 $420.77MFY2026
Revenue growth, next FY +553.0%FY2026 +16.5%FY2026 +9.5%FY2026
Revenue growth, the year after – +44.3% +16.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersADSEELVAEVGO
Held by institutions 60.4% 37.1% 32.1%
Institutions holding 16 94 193
Change in shares held, QoQ +3.3% +4.8% +6.8%
Institutions buying 5 52 101
Institutions selling 2 26 41
Buyers to sellers 2.50 2.00 2.46

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ADSEELVAEVGO
ADSE 1.00 0.03 0.07
ELVA 0.03 1.00 0.31
EVGO 0.07 0.31 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ADSE, ELVA and EVGO?

Ads-Tec Energy Public (ADSE) is the largest by market capitalisation: Ads-Tec Energy Public (ADSE) $517.41M, Electrovaya (ELVA) $203.98M, EVgo (EVGO) $167.89M.

Which company is growing faster?

Electrovaya (ELVA) grew revenue fastest over the trailing twelve months: Electrovaya (ELVA) +30.9%, EVgo (EVGO) +30.7%.

Which company is more profitable?

Electrovaya (ELVA) has the highest net margin (Electrovaya (ELVA) 6.1%, EVgo (EVGO) -13.5%). On return on invested capital, Electrovaya (ELVA) leads (Electrovaya (ELVA) 3.4%, EVgo (EVGO) -44.7%).

Which stock has performed better?

Over the past year Ads-Tec Energy Public (ADSE) returned the most: Ads-Tec Energy Public (ADSE) -8.2%, Electrovaya (ELVA) -22.3%, EVgo (EVGO) -74.2%. Over five years, Electrovaya (ELVA) compounded fastest (Ads-Tec Energy Public (ADSE) -1.4%/yr, Electrovaya (ELVA) +1.7%/yr, EVgo (EVGO) -33.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Ads-Tec Energy Public (ADSE) has been the steadiest (Ads-Tec Energy Public (ADSE) 46.4%, Electrovaya (ELVA) 94.5%, EVgo (EVGO) 65.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ADSE, ELVA and EVGO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Electrovaya (ELVA) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.