Electrovaya (FRA:4EV0) Cyclically Adjusted PB Ratio: (As of Jul. 30, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:4EV0 Electrovaya Inc FRA:4EV0
70 GF Score
Price €6.63
GF Value €3.59
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Electrovaya Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Electrovaya  (FRA:4EV0) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Electrovaya Cyclically Adjusted PB Ratio Related Terms


Electrovaya Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Electrovaya's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Electrovaya Cyclically Adjusted PB Ratio Chart

Electrovaya Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58.15 0.00 0.00 0.00 0.00

Electrovaya Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

FRA:4EV0 vs VRT, BE: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Electrovaya's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Electrovaya Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Electrovaya's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Electrovaya's Cyclically Adjusted PB Ratio falls into.


FRA:4EV0
70GF Score
Electrovaya Inc FRA:4EV0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Electrovaya Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Electrovaya's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Electrovaya's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=1.097/132.2623*132.2623
=1.097

Current CPI (Mar. 2026) = 132.2623.

Electrovaya Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.679 102.002 0.880
201609 0.406 101.765 0.528
201612 0.301 101.449 0.392
201703 0.104 102.634 0.134
201706 0.062 103.029 0.080
201709 -0.056 103.345 -0.072
201712 -0.600 103.345 -0.768
201803 -0.642 105.004 -0.809
201806 -0.500 105.557 -0.626
201809 -0.569 105.636 -0.712
201812 -0.449 105.399 -0.563
201903 -0.496 106.979 -0.613
201906 -0.550 107.690 -0.675
201909 -0.589 107.611 -0.724
201912 -0.650 107.769 -0.798
202003 -0.663 107.927 -0.812
202006 -0.309 108.401 -0.377
202009 -0.285 108.164 -0.348
202012 -0.263 108.559 -0.320
202103 -0.058 110.298 -0.070
202106 -0.098 111.720 -0.116
202109 -0.049 112.905 -0.057
202112 -0.103 113.774 -0.120
202203 -0.160 117.646 -0.180
202206 -0.196 120.806 -0.215
202209 -0.230 120.648 -0.252
202212 0.087 120.964 0.095
202303 0.151 122.702 0.163
202306 0.167 124.203 0.178
202309 0.198 125.230 0.209
202312 0.204 125.072 0.216
202403 0.209 126.258 0.219
202406 0.207 127.522 0.215
202409 0.227 127.285 0.236
202412 0.478 127.364 0.496
202503 0.487 129.181 0.499
202506 0.483 129.892 0.492
202509 0.630 130.287 0.640
202512 1.074 130.366 1.090
202603 1.097 132.262 1.097

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Electrovaya (FRA:4EV0) Overvalued in 2026?

Based on GuruFocus' analysis, Electrovaya stock appears to be overvalued. The current stock price of €6.63 is trading 84.7% above its estimated GF Value™ of €3.59. GuruFocus considers Electrovaya to be Significantly Overvalued.

Key valuation signals for FRA:4EV0:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €3.59 vs. price of €6.63 (84.7% above fair value)
  • GF Score™: 70/100 with 5 warning signs

No single metric tells the full story. See the FRA:4EV0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Electrovaya Business Description

Other Exchanges ELVA:USAELVA:Canada
Address 6688 Kitimat Road, Mississauga, ON, CAN, L5N 1P8
Electrovaya Inc is a technology-focused lithium-ion battery company engaged in designing, developing and manufacturing battery cells, modules and systems based on its proprietary Infinity Battery Technology, which provides high safety performance, long cycle life and durability. The Company supplies low-voltage and high-voltage battery systems for industrial and transportation markets, including material-handling equipment, robotic vehicles, electric buses and trucks, and energy-storage installations, and its products are suitable for mission-critical applications. it maintains an expanding intellectual-property portfolio, develops next-generation solid-state and hybrid solid-state battery technologies, and sells its products through OEM relationships, dealer networks and direct sales.
70GF Score

Get the complete analysis for FRA:4EV0

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€6.63
Price
€3.59
GF Value