NRGV vs ADSE vs ELVA Stock Comparison

Energy Vault Holdings, Ads-Tec Energy Public and Electrovaya Prices as of Oct 28, 2026 Peers: Industry group
ELVA Electrovaya Inc.
$5.75 -6.2% 1M -6.5% 1Y
Market cap
$242.13M
P/E
51.0x
Revenue (TTM)
$71.82M
Div. yield
–
Energy Storage Industrials
4 wins

Head to Head

9 decided of 12

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

QuestionNRGVADSEELVALeader
Larger companyMarket capitalisation $579.41M $588.04M $242.13M ADSE
Cheaper on earningsLower P/E, profitable companies only -5.2x — 51.0x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 63.9x –
Faster revenue growthRevenue growth, trailing twelve months +336.8% — +30.9% NRGV
More profitableNet margin, trailing twelve months -48.6% — 6.1% ELVA
Better return on capitalReturn on invested capital -32.8% — 3.4% ELVA
Less leveragedLower net debt / EBITDA -2.2x — 4.9x NRGV
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months -2.7% -3.1% -6.5% NRGV
Better 5-year returnAnnualised price return, 5 years -20.3%/yr -0.5%/yr +3.2%/yr ELVA
Less volatileAnnualised volatility, 1 year 103.3% 46.5% 94.8% ADSE
Higher overall scoreMean of the five percentile scores vs peers 35/100 — 76/100 ELVA

Percentile Scorecard

NRGVADSEELVA

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

AxisNRGVADSEELVA
Valuation 28 #44 of 61 – 70 #19 of 61
Growth 54 #27 of 58 – 95 #4 of 58
Profitability 37 #35 of 55 – 76 #14 of 55
Financial Health 17 #59 of 71 6 #67 of 71 56 #32 of 71
Shareholder Returns 36 #19 of 29 – 86 #5 of 29
Overall 35 – 76
  • NRGV ranked among 71 companies in Clean Energy Equipment
  • ADSE ranked among 71 companies in Clean Energy Equipment
  • ELVA 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

PeriodNRGVADSEELVASPY
1 month -20.5%-10.7%-6.2% +0.9%
3 months +28.3%-19.5%-25.0% +5.9%
6 months -21.8%-17.6%-36.1% +8.5%
Year to date -30.2%-23.3%-27.2% +13.3%
1 year -2.7%-3.1%-6.5% +12.4%
3 years +68.6%+48.1%+102.6% +88.1%
3 years, per year +19.0%+14.0%+26.6% +23.5%
5 years -67.8%-2.7%+17.3% +68.2%
5 years, per year -20.3%-0.5%+3.2% +11.0%
10 years ——-49.6% +263.4%
10 years, per year ——-6.6% +13.8%

Risk

MeasureNRGVADSEELVASPY
Volatility, 1Y 103.3%46.5%94.8% 12.7%
Downside volatility, 1Y 107.6%47.9%91.2% 12.7%
Beta vs S&P 500, 1Y 3.300.143.46 1.00
Return / volatility, 1Y -0.03-0.07-0.07 0.98
Max drawdown, 5Y -97.1%-80.6%-64.2% -25.4%
From 52-week high -50.4%-24.5%-53.1% -0.9%
52-week high $6.49$12.88$12.26 $779.14
52-week low $2.51$9.28$4.23 $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.

MultipleNRGVADSEELVA
P/E now vs peer median -5.2xmedian 29.4x —median 29.4x 51.0xmedian 29.4x
P/S now vs peer median 2.6xmedian 2.6x —median 2.6x 3.4xmedian 2.6x
EV/EBITDA now vs peer median -10.8xmedian 18.4x —median 18.4x 52.1xmedian 18.4x
P/FCF now vs peer median -4.0xmedian 24.4x —median 24.4x 64.0xmedian 24.4x
P/B now vs peer median 84.5xmedian 1.8x 66.3xmedian 1.8x 3.6xmedian 1.8x
PEG now vs peer median -0.74median 1.07 —median 1.07 —median 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 monthsNRGVADSEELVA
Revenue $225.87M – $71.82M
Gross profit $50.76M – $23.70M
Operating income -$74.19M – $6.72M
Net income -$109.74M – $4.41M
Free cash flow -$144.74M – $3.78M
R&D $11.87M – $4.26M
EPS (diluted) $-0.62 – –
Cash & equivalents $93.04M $5.24M $13.08M
Total debt $243.01M $49.29M $38.27M
Shares (diluted) 178.39M 56.39M –
Enterprise value $365.96M $505.74M $179.63M

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
MetricNRGVADSEELVA
P/E -5.2x – 51.0x
P/FCF -4.0x – 64.0x
P/Operating cash flow -5.6x – -29.0x
P/S 2.6x – 3.4x
P/B 84.5x 66.3x 3.6x
P/Tangible book -1,714x 66.3x 3.6x
EV/EBITDA -10.8x – 52.1x
EV/EBIT -9.8x – 39.8x
EV/Revenue 3.2x – 3.7x
EV/FCF -5.0x – 70.6x
EV/Operating cash flow -7.1x – -32.1x
PEG (3Y EPS CAGR) -0.74 – –

Growth

14 metrics
MetricNRGVADSEELVA
Revenue growth (1Y) 336.8% – 30.9%
Revenue CAGR (3Y) 13.8% – 31.3%
Gross profit growth (1Y) 385.2% – 45.1%
Gross profit CAGR (3Y) 31.4% – 43.3%
Operating income growth (1Y) 41.4% – 159.9%
Operating income CAGR (3Y) 15.6% – 52.9%
Net income growth (1Y) 24.1% – 267.2%
Net income CAGR (3Y) -0.1% – 38.9%
EPS growth (1Y) 33.2% – –
EPS CAGR (3Y) 7.1% – –
Operating cash flow growth (1Y) -227.0% – -26.6%
Operating cash flow CAGR (3Y) -5.1% – –
Free cash flow growth (1Y) -71.5% – 145.4%
Free cash flow CAGR (3Y) -9.9% – –

Profitability

14 metrics
MetricNRGVADSEELVA
Gross margin 22.5% – 33.0%
EBITDA margin -29.8% – 7.1%
Operating margin -32.8% – 9.3%
Pretax margin -45.9% – 9.3%
Net margin -48.6% – 6.1%
FCF margin -64.1% – 5.3%
Operating cash flow margin -45.4% – -11.6%
Return on equity -588.1% – 9.8%
Return on assets -32.8% – 5.7%
Return on invested capital -32.8% – 3.4%
Return on capital employed -40.7% – 6.6%
Asset turnover 0.7x – 0.6x
Cash conversion (OCF / net income) 0.9x – -1.9x
Stock comp / revenue 13.2% – 4.6%

Financial Health

11 metrics
MetricNRGVADSEELVA
Debt / assets 65.6% 52.9% 32.3%
Debt / equity 35.4x 5.6x 0.6x
Net debt / EBITDA -2.2x – 4.9x
Debt / FCF -1.7x – 10.1x
Liabilities / assets 98.1% 90.5% 43.3%
Equity / assets 1.9% 9.5% 56.7%
Interest coverage -5.5x – 18.8x
Current ratio 1.2x 0.9x 7.5x
Quick ratio 0.8x 0.2x 4.3x
Cash ratio 0.6x 0.1x 1.3x
Altman Z-score -1.08 – 2.83

Shareholder Returns

7 metrics
MetricNRGVADSEELVA
Dividend yield – – –
Net buyback yield -1.9% – 1.7%
Shareholder yield -1.9% – 1.7%
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.

ConsensusNRGVADSEELVA
Forward P/E – – 63.9xFY2026
EPS, next fiscal year $-0.37FY2026 $-0.58FY2026 $0.09FY2026
EPS growth, next FY – – 0.0%FY2026
EPS growth, the year after – – +133.3%
Revenue, next fiscal year $309.42MFY2026 $206.66MFY2026 $74.36MFY2026
Revenue growth, next FY +51.9%FY2026 +553.0%FY2026 +16.5%FY2026
Revenue growth, the year after +54.4% – +44.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersNRGVADSEELVA
Held by institutions 58.6% 60.4% 37.1%
Institutions holding 174 16 94
Change in shares held, QoQ +31.6% +3.3% +4.8%
Institutions buying 120 5 52
Institutions selling 30 2 26
Buyers to sellers 4.00 2.50 2.00

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.

NRGVADSEELVA
NRGV 1.00 0.10 0.37
ADSE 0.10 1.00 0.04
ELVA 0.37 0.04 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, NRGV, ADSE and ELVA?

Ads-Tec Energy Public (ADSE) is the largest by market capitalisation: Energy Vault Holdings (NRGV) $579.41M, Ads-Tec Energy Public (ADSE) $588.04M, Electrovaya (ELVA) $242.13M.

Which company is growing faster?

Energy Vault Holdings (NRGV) grew revenue fastest over the trailing twelve months: Energy Vault Holdings (NRGV) +336.8%, Electrovaya (ELVA) +30.9%.

Which company is more profitable?

Electrovaya (ELVA) has the highest net margin (Energy Vault Holdings (NRGV) -48.6%, Electrovaya (ELVA) 6.1%). On return on invested capital, Electrovaya (ELVA) leads (Energy Vault Holdings (NRGV) -32.8%, Electrovaya (ELVA) 3.4%).

Which stock has performed better?

Over the past year Energy Vault Holdings (NRGV) returned the most: Energy Vault Holdings (NRGV) -2.7%, Ads-Tec Energy Public (ADSE) -3.1%, Electrovaya (ELVA) -6.5%. Over five years, Electrovaya (ELVA) compounded fastest (Energy Vault Holdings (NRGV) -20.3%/yr, Ads-Tec Energy Public (ADSE) -0.5%/yr, Electrovaya (ELVA) +3.2%/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 (Energy Vault Holdings (NRGV) 103.3%, Ads-Tec Energy Public (ADSE) 46.5%, Electrovaya (ELVA) 94.8%). Volatility measures how widely the price swings, not the risk of the business.

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

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.