ELVA vs SES vs JKS Stock Comparison

Electrovaya, Ses Ai and JinkoSolar Holding Prices as of Oct 28, 2026 Peers: Industry group
ELVA Electrovaya Inc.
$5.75 -6.2% 1M -6.5% 1Y
Market cap
$214.54M
P/E
48.7x
Revenue (TTM)
$71.82M
Div. yield
–
Energy Storage Industrials
5 wins
SES SES AI Corp
$0.83 +56.6% 1M -63.4% 1Y
Market cap
$285.84M
P/E
–
Revenue (TTM)
$23.46M
Div. yield
–
Energy Storage Industrials
2 wins

Head to Head

10 decided of 12

Electrovaya leads on 5 of the 12 questions below (Electrovaya 5, JinkoSolar Holding 3, Ses Ai 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionELVASESJKSLeader
Larger companyMarket capitalisation $214.54M $285.84M $429.59M JKS
Cheaper on earningsLower P/E, profitable companies only 48.7x -4.2x 16.2x JKS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 63.9x — — –
Faster revenue growthRevenue growth, trailing twelve months +30.9% +44.8% -22.1% SES
More profitableNet margin, trailing twelve months 6.1% -289.6% 0.3% ELVA
Better return on capitalReturn on invested capital 3.4% -37.5% -5.9% ELVA
Less leveragedLower net debt / EBITDA 4.9x 2.6x — SES
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -6.5% -63.4% -63.3% ELVA
Better 5-year returnAnnualised price return, 5 years +3.2%/yr -39.6%/yr -32.7%/yr ELVA
Less volatileAnnualised volatility, 1 year 94.8% 113.0% 60.6% JKS
Higher overall scoreMean of the five percentile scores vs peers 76/100 52/100 50/100 ELVA

Percentile Scorecard

ELVASESJKS

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

AxisELVASESJKS
Valuation 70 #19 of 61 17 #51 of 61 98 #2 of 61
Growth 95 #4 of 58 58 #25 of 58 19 #47 of 58
Profitability 76 #14 of 55 26 #41 of 55 59 #23 of 55
Financial Health 56 #32 of 71 90 #8 of 71 24 #54 of 71
Shareholder Returns 86 #5 of 29 68 #10 of 29 –
Overall 76 52 50
  • ELVA ranked among 71 companies in Clean Energy Equipment
  • SES ranked among 71 companies in Clean Energy Equipment
  • JKS 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

PeriodELVASESJKSSPY
1 month -6.2%+56.6%-10.2% +0.9%
3 months -25.0%+62.7%-43.4% +5.9%
6 months -36.1%-18.6%-61.6% +8.5%
Year to date -27.2%-53.9%-68.0% +13.3%
1 year -6.5%-63.4%-63.3% +12.4%
3 years +102.6%-54.9%-68.1% +88.1%
3 years, per year +26.6%-23.3%-31.7% +23.5%
5 years +17.3%-92.0%-86.2% +68.2%
5 years, per year +3.2%-39.6%-32.7% +11.0%
10 years -49.6%—-47.7% +263.4%
10 years, per year -6.6%—-6.3% +13.8%

Risk

MeasureELVASESJKSSPY
Volatility, 1Y 94.8%113.0%60.6% 12.7%
Downside volatility, 1Y 91.2%119.7%61.2% 12.7%
Beta vs S&P 500, 1Y 3.463.031.73 1.00
Return / volatility, 1Y -0.07-0.56-1.04 0.98
Max drawdown, 5Y -64.2%-97.6%-89.4% -25.4%
From 52-week high -53.1%-67.7%-73.0% -0.9%
52-week high $12.26$2.57$30.58 $779.14
52-week low $4.23$0.50$8.02 $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.

MultipleELVASESJKS
P/E now vs peer median 51.0xmedian 29.4x -4.1xmedian 29.4x 16.3xmedian 29.4x
P/S now vs peer median 3.4xmedian 2.6x 11.6xmedian 2.6x 0.1xmedian 2.6x
EV/EBITDA now vs peer median 52.1xmedian 18.4x -1.7xmedian 18.4x —median 18.4x
P/FCF now vs peer median 64.0xmedian 24.4x -4.5xmedian 24.4x —median 24.4x
P/B now vs peer median 3.6xmedian 1.8x 1.5xmedian 1.8x 0.1xmedian 1.8x
PEG now vs peer median —median 1.07 5.45median 1.07 -0.26median 1.07

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 monthsELVASESJKS
Revenue $71.82M $23.46M $8.37B
Gross profit $23.70M $6.51M $397.19M
Operating income $6.72M -$73.40M -$28.57M
Net income $4.41M -$67.96M -$936.28M
Free cash flow $3.78M -$60.46M –
R&D $4.26M $49.84M $137.15M
EPS (diluted) – $-0.20 $0.51
Cash & equivalents $13.08M $64.14M $2.50B
Total debt $38.27M $3.91M $22.30B
Shares (diluted) – 336.32M 52.10M
Enterprise value $152.04M -$468.48M -$12.12B

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
MetricELVASESJKS
P/E 51.0x -4.1x 16.3x
P/FCF 64.0x -4.5x –
P/Operating cash flow -29.0x -4.7x –
P/S 3.4x 11.6x 0.1x
P/B 3.6x 1.5x 0.1x
P/Tangible book 3.6x 1.5x 0.1x
EV/EBITDA 52.1x -1.7x –
EV/EBIT 39.8x -1.5x -6.1x
EV/Revenue 3.7x 4.6x 0.4x
EV/FCF 70.6x -1.8x –
EV/Operating cash flow -32.1x -1.9x –
PEG (3Y EPS CAGR) – 5.45 -0.26

Growth

14 metrics
MetricELVASESJKS
Revenue growth (1Y) 30.9% 44.8% -22.1%
Revenue CAGR (3Y) 31.3% 18.8% -17.3%
Gross profit growth (1Y) 45.1% – -41.3%
Gross profit CAGR (3Y) 43.3% – -44.3%
Operating income growth (1Y) 159.9% 33.0% 96.7%
Operating income CAGR (3Y) 52.9% 3.7% -27.2%
Net income growth (1Y) 267.2% 31.9% 1.3%
Net income CAGR (3Y) 38.9% -3.0% -46.7%
EPS growth (1Y) – 32.8% 104.6%
EPS CAGR (3Y) – -0.8% -62.8%
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
MetricELVASESJKS
Gross margin 33.0% 27.8% 4.7%
EBITDA margin 7.1% -267.6% –
Operating margin 9.3% -312.8% -0.3%
Pretax margin 9.3% -289.2% -0.5%
Net margin 6.1% -289.6% 0.3%
FCF margin 5.3% -257.7% –
Operating cash flow margin -11.6% -248.6% –
Return on equity 9.8% -34.8% -24.5%
Return on assets 5.7% -27.8% -5.3%
Return on invested capital 3.4% -37.5% -5.9%
Return on capital employed 6.6% -33.9% -5.9%
Asset turnover 0.6x 0.1x 0.5x
Cash conversion (OCF / net income) -1.9x 0.9x –
Stock comp / revenue 4.6% 35.8% –

Financial Health

11 metrics
MetricELVASESJKS
Debt / assets 32.3% 0.2% 31.2%
Debt / equity 0.6x 0.0x 1.5x
Net debt / EBITDA 4.9x 2.6x –
Debt / FCF 10.1x 0.0x –
Liabilities / assets 43.3% 20.8% 78.7%
Equity / assets 56.7% 79.2% 21.3%
Interest coverage 18.8x – -4.8x
Current ratio 7.5x 6.5x 1.1x
Quick ratio 4.3x 6.0x 0.5x
Cash ratio 1.3x 5.7x 0.3x
Altman Z-score 2.83 0.81 –

Shareholder Returns

7 metrics
MetricELVASESJKS
Dividend yield – – 18.2%
Net buyback yield 1.7% -0.1% –
Shareholder yield 1.7% -0.1% 18.2%
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.

ConsensusELVASESJKS
Forward P/E 63.9xFY2026 – –
EPS, next fiscal year $0.09FY2026 $-0.17FY2026 $-5.57FY2026
EPS growth, next FY 0.0%FY2026 – –
EPS growth, the year after +133.3% – –
Revenue, next fiscal year $74.36MFY2026 $33.88MFY2026 $9.09BFY2026
Revenue growth, next FY +16.5%FY2026 +61.3%FY2026 -2.9%FY2026
Revenue growth, the year after +44.3% +104.4% +29.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersELVASESJKS
Held by institutions 37.1% 24.3% 32.8%
Institutions holding 94 133 111
Change in shares held, QoQ +4.8% +22.8% +8.7%
Institutions buying 52 74 61
Institutions selling 26 31 30
Buyers to sellers 2.00 2.39 2.03

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.

ELVASESJKS
ELVA 1.00 0.37 0.22
SES 0.37 1.00 0.23
JKS 0.22 0.23 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ELVA, SES and JKS?

JinkoSolar Holding (JKS) is the largest by market capitalisation: Electrovaya (ELVA) $214.54M, Ses Ai (SES) $285.84M, JinkoSolar Holding (JKS) $429.59M.

Which stock is cheaper, ELVA, SES and JKS?

JinkoSolar Holding (JKS) trades on the lowest price-to-earnings ratio (Electrovaya (ELVA) 48.7x, Ses Ai (SES) -4.2x, JinkoSolar Holding (JKS) 16.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

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%, JinkoSolar Holding (JKS) -22.1%.

Which company is more profitable?

Electrovaya (ELVA) has the highest net margin (Electrovaya (ELVA) 6.1%, Ses Ai (SES) -289.6%, JinkoSolar Holding (JKS) 0.3%). On return on invested capital, Electrovaya (ELVA) leads (Electrovaya (ELVA) 3.4%, Ses Ai (SES) -37.5%, JinkoSolar Holding (JKS) -5.9%).

Which stock has performed better?

Over the past year Electrovaya (ELVA) returned the most: Electrovaya (ELVA) -6.5%, Ses Ai (SES) -63.4%, JinkoSolar Holding (JKS) -63.3%. Over five years, Electrovaya (ELVA) compounded fastest (Electrovaya (ELVA) +3.2%/yr, Ses Ai (SES) -39.6%/yr, JinkoSolar Holding (JKS) -32.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, JinkoSolar Holding (JKS) has been the steadiest (Electrovaya (ELVA) 94.8%, Ses Ai (SES) 113.0%, JinkoSolar Holding (JKS) 60.6%). Volatility measures how widely the price swings, not the risk of the business.

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

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.