ELVA vs SES vs ADSE Stock Comparison

Electrovaya, Ses Ai and Ads-Tec Energy Public Prices as of Oct 27, 2026 Peers: Industry group
ELVA Electrovaya Inc.
$5.22 -17.8% 1M -16.9% 1Y
Market cap
$219.81M
P/E
46.3x
Revenue (TTM)
$71.82M
Div. yield
–
Energy Storage Industrials
4 wins
SES SES AI Corp
$0.80 +48.1% 1M -67.2% 1Y
Market cap
$261.81M
P/E
–
Revenue (TTM)
$23.46M
Div. yield
–
Energy Storage Industrials
2 wins

Head to Head

9 decided of 12

Electrovaya leads on 4 of the 12 questions below (Electrovaya 4, Ads-Tec Energy Public 3, Ses Ai 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionELVASESADSELeader
Larger companyMarket capitalisation $219.81M $261.81M $562.06M ADSE
Cheaper on earningsLower P/E, profitable companies only 46.3x -4.0x — –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 58.0x — — –
Faster revenue growthRevenue growth, trailing twelve months +30.9% +44.8% — SES
More profitableNet margin, trailing twelve months 6.1% -289.6% — ELVA
Better return on capitalReturn on invested capital 3.4% -37.5% — ELVA
Less leveragedLower net debt / EBITDA 4.9x 2.6x — SES
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months -16.9% -67.2% -7.5% ADSE
Better 5-year returnAnnualised price return, 5 years +0.9%/yr -39.8%/yr -1.4%/yr ELVA
Less volatileAnnualised volatility, 1 year 94.3% 113.1% 46.3% ADSE
Higher overall scoreMean of the five percentile scores vs peers 77/100 53/100 — ELVA

Percentile Scorecard

ELVASESADSE

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

AxisELVASESADSE
Valuation 70 #19 of 61 17 #51 of 61 –
Growth 95 #4 of 58 58 #25 of 58 –
Profitability 78 #13 of 55 26 #41 of 55 –
Financial Health 54 #33 of 71 90 #8 of 71 6 #67 of 71
Shareholder Returns 90 #4 of 30 76 #8 of 30 –
Overall 77 53 –
  • ELVA ranked among 71 companies in Clean Energy Equipment
  • SES ranked among 71 companies in Clean Energy Equipment
  • ADSE 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

PeriodELVASESADSESPY
1 month -17.8%+48.1%-14.0% -0.2%
3 months -34.7%+50.9%-22.4% +3.9%
6 months -42.1%-23.1%-23.4% +8.2%
Year to date -33.9%-55.6%-26.7% +12.9%
1 year -16.9%-67.2%-7.5% +12.3%
3 years +83.9%-56.5%+41.6% +87.4%
3 years, per year +22.5%-24.3%+12.3% +23.3%
5 years +4.3%-92.1%-6.9% +67.9%
5 years, per year +0.9%-39.8%-1.4% +10.9%
10 years -55.0%—— +261.1%
10 years, per year -7.7%—— +13.7%

Risk

MeasureELVASESADSESPY
Volatility, 1Y 94.3%113.1%46.3% 12.7%
Downside volatility, 1Y 90.9%119.7%47.7% 12.7%
Beta vs S&P 500, 1Y 3.443.020.14 1.00
Return / volatility, 1Y -0.18-0.59-0.16 0.97
Max drawdown, 5Y -64.2%-97.6%-80.6% -25.4%
From 52-week high -57.4%-68.9%-27.8% -1.2%
52-week high $12.26$2.57$12.88 $779.14
52-week low $4.23$0.50$9.28 $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.

MultipleELVASESADSE
P/E now vs peer median 46.3xmedian 27.2x -4.0xmedian 27.2x —median 27.2x
P/S now vs peer median 3.1xmedian 2.4x 11.2xmedian 2.4x —median 2.4x
EV/EBITDA now vs peer median 47.8xmedian 18.4x -1.6xmedian 18.4x —median 18.4x
P/FCF now vs peer median 58.1xmedian 28.6x -4.3xmedian 28.6x —median 28.6x
P/B now vs peer median 3.3xmedian 1.7x 1.4xmedian 1.7x 63.4xmedian 1.7x
PEG now vs peer median —median 0.79 5.26median 0.79 —median 0.79

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 monthsELVASESADSE
Revenue $71.82M $23.46M –
Gross profit $23.70M $6.51M –
Operating income $6.72M -$73.40M –
Net income $4.41M -$67.96M –
Free cash flow $3.78M -$60.46M –
R&D $4.26M $49.84M –
EPS (diluted) – $-0.20 –
Cash & equivalents $13.08M $64.14M $5.24M
Total debt $118.21M $3.91M $49.29M
Shares (diluted) – 336.32M 56.39M
Enterprise value $157.31M -$492.50M $479.75M

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
MetricELVASESADSE
P/E 46.3x -4.0x –
P/FCF 58.1x -4.3x –
P/Operating cash flow -26.4x -4.5x –
P/S 3.1x 11.2x –
P/B 3.3x 1.4x 63.4x
P/Tangible book 3.3x 1.4x 63.4x
EV/EBITDA 47.8x -1.6x –
EV/EBIT 36.5x -1.4x –
EV/Revenue 3.4x 4.2x –
EV/FCF 64.7x -1.6x –
EV/Operating cash flow -29.4x -1.7x –
PEG (3Y EPS CAGR) – 5.26 –

Growth

14 metrics
MetricELVASESADSE
Revenue growth (1Y) 30.9% 44.8% –
Revenue CAGR (3Y) 31.3% 18.8% –
Gross profit growth (1Y) 45.1% – –
Gross profit CAGR (3Y) 43.3% – –
Operating income growth (1Y) 159.9% 33.0% –
Operating income CAGR (3Y) 52.9% 3.7% –
Net income growth (1Y) 267.2% 31.9% –
Net income CAGR (3Y) 38.9% -3.0% –
EPS growth (1Y) – 32.8% –
EPS CAGR (3Y) – -0.8% –
Operating cash flow growth (1Y) -26.6% 15.0% –
Operating cash flow CAGR (3Y) – -5.8% –
Free cash flow growth (1Y) 145.4% 16.2% –
Free cash flow CAGR (3Y) – 0.6% –

Profitability

14 metrics
MetricELVASESADSE
Gross margin 33.0% 27.8% –
EBITDA margin 7.1% -267.6% –
Operating margin 9.3% -312.8% –
Pretax margin 9.3% -289.2% –
Net margin 6.1% -289.6% –
FCF margin 5.3% -257.7% –
Operating cash flow margin -11.6% -248.6% –
Return on equity 9.8% -34.8% –
Return on assets 5.7% -27.8% –
Return on invested capital 3.4% -37.5% –
Return on capital employed 6.6% -33.9% –
Asset turnover 0.6x 0.1x –
Cash conversion (OCF / net income) -1.9x 0.9x –
Stock comp / revenue 4.6% 35.8% –

Financial Health

11 metrics
MetricELVASESADSE
Debt / assets 32.3% 0.2% 52.9%
Debt / equity 0.6x 0.0x 5.6x
Net debt / EBITDA 4.9x 2.6x –
Debt / FCF 10.1x 0.0x –
Liabilities / assets 43.3% 20.8% 90.5%
Equity / assets 56.7% 79.2% 9.5%
Interest coverage 18.8x – –
Current ratio 7.5x 6.5x 0.9x
Quick ratio 4.3x 6.0x 0.2x
Cash ratio 1.3x 5.7x 0.1x
Altman Z-score 2.57 0.69 –

Shareholder Returns

7 metrics
MetricELVASESADSE
Dividend yield – – –
Net buyback yield 1.9% -0.1% –
Shareholder yield 1.9% -0.1% –
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.

ConsensusELVASESADSE
Forward P/E 58.0xFY2026 – –
EPS, next fiscal year $0.09FY2026 $-0.17FY2026 $-0.58FY2026
EPS growth, next FY 0.0%FY2026 – –
EPS growth, the year after +133.3% – –
Revenue, next fiscal year $74.36MFY2026 $33.88MFY2026 $206.66MFY2026
Revenue growth, next FY +16.5%FY2026 +61.3%FY2026 +553.0%FY2026
Revenue growth, the year after +44.3% +104.4% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersELVASESADSE
Held by institutions 37.1% 24.3% 60.4%
Institutions holding 94 133 16
Change in shares held, QoQ +4.8% +22.8% +3.3%
Institutions buying 52 74 5
Institutions selling 26 31 2
Buyers to sellers 2.00 2.39 2.50

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.

ELVASESADSE
ELVA 1.00 0.37 0.03
SES 0.37 1.00 0.05
ADSE 0.03 0.05 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ELVA, SES and ADSE?

Ads-Tec Energy Public (ADSE) is the largest by market capitalisation: Electrovaya (ELVA) $219.81M, Ses Ai (SES) $261.81M, Ads-Tec Energy Public (ADSE) $562.06M.

Which company is growing faster?

Ses Ai (SES) grew revenue fastest over the trailing twelve months: Electrovaya (ELVA) +30.9%, Ses Ai (SES) +44.8%.

Which company is more profitable?

Electrovaya (ELVA) has the highest net margin (Electrovaya (ELVA) 6.1%, Ses Ai (SES) -289.6%). On return on invested capital, Electrovaya (ELVA) leads (Electrovaya (ELVA) 3.4%, Ses Ai (SES) -37.5%).

Which stock has performed better?

Over the past year Ads-Tec Energy Public (ADSE) returned the most: Electrovaya (ELVA) -16.9%, Ses Ai (SES) -67.2%, Ads-Tec Energy Public (ADSE) -7.5%. Over five years, Electrovaya (ELVA) compounded fastest (Electrovaya (ELVA) +0.9%/yr, Ses Ai (SES) -39.8%/yr, Ads-Tec Energy Public (ADSE) -1.4%/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 (Electrovaya (ELVA) 94.3%, Ses Ai (SES) 113.1%, Ads-Tec Energy Public (ADSE) 46.3%). Volatility measures how widely the price swings, not the risk of the business.

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

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 4. 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.