Electrovaya Inc. (TO:ELVA) — Market Cap & Net Worth
Market Cap & Net Worth: Electrovaya Inc. (ELVA)
Electrovaya Inc. (TO:ELVA) has a market capitalization of $323.66 Million (CA$447.42 Million) as of September 19, 2026. Listed on the TO stock exchange, this Canada-based company holds position #14554 globally and #436 in its home market, demonstrating a -3.21% decrease in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying Electrovaya Inc.'s stock price CA$9.06 by its total outstanding shares 49384096 (49.38 Million). Also see ELVA total asset value for a full breakdown of the balance sheet.
Electrovaya Inc. Market Cap History: 2015 to 2026
Electrovaya Inc.'s market capitalization history from 2015 to 2026. Data shows growth from $126.82 Million to $323.66 Million (8.96% CAGR). Also see cash efficiency ratio of Electrovaya Inc. for how efficiently the company converts equity into cash flow.
Electrovaya Inc. Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how Electrovaya Inc.'s valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance. Check ELVA stock price for real-time trading data and today's change.
Latest Price to Sales (P/S) Ratio
6.05x
Electrovaya Inc.'s market cap is 6.05 times its annual revenue
Latest Price to Earnings (P/E) Ratio
115.15x
Electrovaya Inc.'s market cap is 115.15 times its annual earnings
What These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2016 | $380.46 Million | $19.54 Million | -$8.79 Million | 19.48x | N/A |
| 2017 | $114.32 Million | $8.77 Million | -$21.17 Million | 13.04x | N/A |
| 2018 | $25.01 Million | $5.63 Million | -$22.66 Million | 4.44x | N/A |
| 2019 | $33.94 Million | $4.89 Million | -$2.84 Million | 6.94x | N/A |
| 2020 | $266.14 Million | $13.66 Million | $1.11 Million | 19.48x | 239.34x |
| 2021 | $166.12 Million | $9.92 Million | -$7.53 Million | 16.74x | N/A |
| 2022 | $178.62 Million | $15.62 Million | -$9.21 Million | 11.44x | N/A |
| 2023 | $144.68 Million | $43.37 Million | -$1.48 Million | 3.34x | N/A |
| 2024 | $125.75 Million | $44.59 Million | -$1.49 Million | 2.82x | N/A |
| 2025 | $387.24 Million | $63.98 Million | $3.36 Million | 6.05x | 115.15x |
Competitor Companies of ELVA by Market Capitalization
Companies near Electrovaya Inc. in the global market cap rankings as of September 19, 2026. Review Electrovaya Inc. (ELVA) tangible equity ratio to assess the quality of the company's equity after excluding intangible assets.
Key companies related to Electrovaya Inc. by market ranking:
- Contemporary Amperex Technology Co Ltd Class A (SHE:300750): Ranked #108 globally with a market cap of $196.30 Billion USD ( CN¥1.34 Trillion CNY).
- ABB Ltd (SW:ABBN): Ranked #193 globally with a market cap of $127.26 Billion USD ( CHF100.66 Billion CHF).
- Delta Electronics (Thailand) Public Company Limited (BK:DELTA): Ranked #279 globally with a market cap of $93.31 Billion USD ( ฿2.99 Trillion THB).
- Vertiv Holdings Co (NYSE:VRT): Ranked #283 globally with a market cap of $92.97 Billion USD.
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #108 | Contemporary Amperex Technology Co Ltd Class A | SHE:300750 | $196.30 Billion | CN¥304.30 |
| #193 | ABB Ltd | SW:ABBN | $127.26 Billion | CHF79.52 |
| #279 | Delta Electronics (Thailand) Public Company Limited | BK:DELTA | $93.31 Billion | ฿240.00 |
| #283 | Vertiv Holdings Co | NYSE:VRT | $92.97 Billion | $241.49 |
Electrovaya Inc. Historical Marketcap From 2015 to 2026
Between 2015 and today, Electrovaya Inc.'s market cap moved from $126.82 Million to $ 323.66 Million, with a yearly change of 8.96%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | CA$323.66 Million | -16.42% |
| 2025 | CA$387.24 Million | +207.95% |
| 2024 | CA$125.75 Million | -13.09% |
| 2023 | CA$144.68 Million | -19.00% |
| 2022 | CA$178.62 Million | +7.53% |
| 2021 | CA$166.12 Million | -37.58% |
| 2020 | CA$266.14 Million | +684.21% |
| 2019 | CA$33.94 Million | +35.71% |
| 2018 | CA$25.01 Million | -78.12% |
| 2017 | CA$114.32 Million | -69.95% |
| 2016 | CA$380.46 Million | +200.00% |
| 2015 | CA$126.82 Million | -- |
End of Day Market Cap According to Different Sources
On Sep 18th, 2026 the market cap of Electrovaya Inc. was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $323.66 Million USD |
| MoneyControl | $323.66 Million USD |
| MarketWatch | $323.66 Million USD |
| marketcap.company | $323.66 Million USD |
| Reuters | $323.66 Million USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.
About Electrovaya Inc.
Electrovaya Inc. engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America. It operates infinity battery systems comprising of low and high voltage systems. The company also operates solid state battery technology… Read more