ELVA vs ENS vs FLNC Stock Comparison

Electrovaya, EnerSys and Fluence Energy 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
1 win
ENS EnerSys
$169.38 -5.4% 1M +39.5% 1Y
Market cap
$6.34B
P/E
18.0x
Revenue (TTM)
$3.79B
Div. yield
–
Energy Storage Industrials
10 wins
FLNC Fluence Energy, Inc.
$5.50 -29.9% 1M -71.8% 1Y
Market cap
$826.70M
P/E
–
Revenue (TTM)
$2.63B
Div. yield
–
Energy Storage Industrials

Head to Head

11 decided of 12

EnerSys leads on 10 of the 12 questions below (EnerSys 10, Electrovaya 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionELVAENSFLNCLeader
Larger companyMarket capitalisation $203.98M $6.34B $826.70M ENS
Cheaper on earningsLower P/E, profitable companies only 46.3x 18.0x -10.2x ENS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 57.0x 11.9x — ENS
Faster revenue growthRevenue growth, trailing twelve months +30.9% +3.7% +7.5% ELVA
More profitableNet margin, trailing twelve months 6.1% 9.3% -3.1% ENS
Better return on capitalReturn on invested capital 3.4% 13.8% — ENS
Less leveragedLower net debt / EBITDA 4.9x 0.8x — ENS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -22.3% +39.5% -71.8% ENS
Better 5-year returnAnnualised price return, 5 years +1.7%/yr +17.2%/yr — ENS
Less volatileAnnualised volatility, 1 year 94.5% 42.4% 114.9% ENS
Higher overall scoreMean of the five percentile scores vs peers 76/100 82/100 53/100 ENS

Percentile Scorecard

ELVAENSFLNC

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

AxisELVAENSFLNC
Valuation 65 #22 of 61 92 #6 of 61 63 #23 of 61
Growth 95 #4 of 58 60 #24 of 58 56 #26 of 58
Profitability 74 #15 of 55 100 #1 of 55 69 #18 of 55
Financial Health 54 #33 of 71 60 #29 of 71 26 #53 of 71
Shareholder Returns 93 #3 of 29 100 #1 of 29 50 #15 of 29
Overall 76 82 53
  • ELVA ranked among 71 companies in Clean Energy Equipment
  • ENS ranked among 71 companies in Clean Energy Equipment
  • FLNC 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

PeriodELVAENSFLNCSPY
1 month -19.2%-5.4%-29.9% -0.8%
3 months -38.9%-10.9%-59.3% +3.5%
6 months -44.9%-19.5%-58.8% +7.0%
Year to date -35.1%+15.4%-72.2% +12.2%
1 year -22.3%+39.5%-71.8% +13.0%
3 years +80.8%+97.3%-68.1% +86.3%
3 years, per year +21.8%+25.5%-31.7% +23.1%
5 years +8.8%+121.2%— +68.6%
5 years, per year +1.7%+17.2%— +11.0%
10 years -56.0%+162.2%— +258.0%
10 years, per year -7.9%+10.1%— +13.6%

Risk

MeasureELVAENSFLNCSPY
Volatility, 1Y 94.5%42.4%114.9% 12.7%
Downside volatility, 1Y 90.9%45.5%112.9% 12.7%
Beta vs S&P 500, 1Y 3.441.764.10 1.00
Return / volatility, 1Y -0.240.93-0.63 1.02
Max drawdown, 5Y -64.2%-33.0%-90.4% -25.4%
From 52-week high -58.2%-30.4%-82.9% -1.8%
52-week high $12.26$243.34$32.23 $779.14
52-week low $4.23$120.88$5.50 $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.

MultipleELVAENSFLNC
P/E now vs peer median 45.5xmedian 25.4x 17.5xmedian 25.4x -9.4xmedian 25.4x
P/S now vs peer median 3.0xmedian 2.1x 1.6xmedian 2.1x 0.4xmedian 2.1x
EV/EBITDA now vs peer median 47.0xmedian 17.5x 10.9xmedian 17.5x 16.3xmedian 17.5x
P/FCF now vs peer median 57.1xmedian 27.3x 8.6xmedian 27.3x -8.8xmedian 27.3x
P/B now vs peer median 3.2xmedian 1.7x 3.1xmedian 1.7x 2.4xmedian 1.7x
PEG now vs peer median —median 0.77 0.77median 0.77 -0.65median 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 monthsELVAENSFLNC
Revenue $71.82M $3.79B $2.63B
Gross profit $23.70M $1.16B $245.82M
Operating income $6.72M $491.39M -$4.58M
Net income $4.41M $352.55M -$112.04M
Free cash flow $3.78M $717.31M -$115.33M
R&D $4.26M – $84.24M
EPS (diluted) – $9.37 $-0.59
Cash & equivalents $13.08M $530.66M $339.33M
Total debt $118.21M $1.04B –
Shares (diluted) – 37.63M 138.13M
Enterprise value $141.49M $4.53B -$1.04B

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
MetricELVAENSFLNC
P/E 45.5x 17.5x -9.4x
P/FCF 57.1x 8.6x -8.8x
P/Operating cash flow -25.9x 7.9x -10.1x
P/S 3.0x 1.6x 0.4x
P/B 3.2x 3.1x 2.4x
P/Tangible book 3.2x 3.8x 2.8x
EV/EBITDA 47.0x 10.9x 16.3x
EV/EBIT 35.9x 13.6x -147.7x
EV/Revenue 3.4x 1.8x 0.3x
EV/FCF 63.7x 9.3x -5.9x
EV/Operating cash flow -28.9x 8.6x -6.7x
PEG (3Y EPS CAGR) – 0.77 -0.65

Growth

14 metrics
MetricELVAENSFLNC
Revenue growth (1Y) 30.9% 3.7% 7.5%
Revenue CAGR (3Y) 31.3% 0.7% 9.8%
Gross profit growth (1Y) 45.1% 4.6% -20.8%
Gross profit CAGR (3Y) 43.3% 9.0% 48.3%
Operating income growth (1Y) 159.9% 6.9% -106.8%
Operating income CAGR (3Y) 52.9% 15.7% 67.1%
Net income growth (1Y) 267.2% 0.4% -360.6%
Net income CAGR (3Y) 38.9% 18.5% 12.2%
EPS growth (1Y) – 4.9% -483.8%
EPS CAGR (3Y) – 22.7% 14.5%
Operating cash flow growth (1Y) -26.6% 209.6% 74.8%
Operating cash flow CAGR (3Y) – 22.1% 35.9%
Free cash flow growth (1Y) 145.4% 439.5% 72.1%
Free cash flow CAGR (3Y) – 27.6% 33.3%

Profitability

14 metrics
MetricELVAENSFLNC
Gross margin 33.0% 30.5% 9.3%
EBITDA margin 7.1% 16.1% 1.6%
Operating margin 9.3% 13.0% -0.2%
Pretax margin 9.3% 11.0% -3.6%
Net margin 6.1% 9.3% -3.1%
FCF margin 5.3% 18.9% -4.4%
Operating cash flow margin -11.6% 20.5% -3.8%
Return on equity 9.8% 18.2% -25.2%
Return on assets 5.7% 8.9% -4.5%
Return on invested capital 3.4% 13.8% –
Return on capital employed 6.6% 15.3% -0.6%
Asset turnover 0.6x 1.0x 1.1x
Cash conversion (OCF / net income) -1.9x 2.2x 0.9x
Stock comp / revenue 4.6% 0.7% 0.7%

Financial Health

11 metrics
MetricELVAENSFLNC
Debt / assets 32.3% 26.3% –
Debt / equity 0.6x 0.5x –
Net debt / EBITDA 4.9x 0.8x –
Debt / FCF 10.1x 1.4x –
Liabilities / assets 43.3% 50.1% 83.5%
Equity / assets 56.7% 49.9% 16.5%
Interest coverage 18.8x 9.9x –
Current ratio 7.5x 2.8x 1.3x
Quick ratio 4.3x 1.4x 0.6x
Cash ratio 1.3x 0.7x 0.2x
Altman Z-score 2.53 4.65 1.39

Shareholder Returns

7 metrics
MetricELVAENSFLNC
Dividend yield – 0.6% –
Net buyback yield 1.9% 3.6% -0.4%
Shareholder yield 1.9% 4.3% -0.4%
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.

ConsensusELVAENSFLNC
Forward P/E 57.0xFY2026 11.9xFY2026 –
EPS, next fiscal year $0.09FY2026 $14.25FY2026 $-1.18FY2026
EPS growth, next FY 0.0%FY2026 +34.9%FY2026 –
EPS growth, the year after +133.3% -1.3% –
Revenue, next fiscal year $74.36MFY2026 $4.09BFY2026 $2.49BFY2026
Revenue growth, next FY +16.5%FY2026 +9.1%FY2026 +10.0%FY2026
Revenue growth, the year after +44.3% +4.8% +17.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersELVAENSFLNC
Held by institutions 37.1% 98.2% 87.8%
Institutions holding 94 550 302
Change in shares held, QoQ +4.8% +3.3% +0.9%
Institutions buying 52 310 188
Institutions selling 26 187 84
Buyers to sellers 2.00 1.66 2.24

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.

ELVAENSFLNC
ELVA 1.00 0.44 0.33
ENS 0.44 1.00 0.49
FLNC 0.33 0.49 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ELVA, ENS and FLNC?

EnerSys (ENS) is the largest by market capitalisation: Electrovaya (ELVA) $203.98M, EnerSys (ENS) $6.34B, Fluence Energy (FLNC) $826.70M.

Which stock is cheaper, ELVA, ENS and FLNC?

EnerSys (ENS) trades on the lowest price-to-earnings ratio (Electrovaya (ELVA) 46.3x, EnerSys (ENS) 18.0x, Fluence Energy (FLNC) -10.2x). On next year's consensus earnings, EnerSys (ENS) is cheapest (Electrovaya (ELVA) 57.0x, EnerSys (ENS) 11.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Electrovaya (ELVA) grew revenue fastest over the trailing twelve months: Electrovaya (ELVA) +30.9%, EnerSys (ENS) +3.7%, Fluence Energy (FLNC) +7.5%.

Which company is more profitable?

EnerSys (ENS) has the highest net margin (Electrovaya (ELVA) 6.1%, EnerSys (ENS) 9.3%, Fluence Energy (FLNC) -3.1%). On return on invested capital, EnerSys (ENS) leads (Electrovaya (ELVA) 3.4%, EnerSys (ENS) 13.8%).

Which stock has performed better?

Over the past year EnerSys (ENS) returned the most: Electrovaya (ELVA) -22.3%, EnerSys (ENS) +39.5%, Fluence Energy (FLNC) -71.8%. Over five years, EnerSys (ENS) compounded fastest (Electrovaya (ELVA) +1.7%/yr, EnerSys (ENS) +17.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, EnerSys (ENS) has been the steadiest (Electrovaya (ELVA) 94.5%, EnerSys (ENS) 42.4%, Fluence Energy (FLNC) 114.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ELVA, ENS and FLNC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, EnerSys (ENS) leads on 10. 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.