ELVA (Electrovaya) ROCE %: 6.69% (As of Mar. 2026)


ELVA Electrovaya Inc ELVA
69 GF Score
Price $9.55
GF Value $4.04
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Electrovaya ROCE %?

Electrovaya ELVA -4.12% 69 ROCE % is 6.69% as of Mar. 2026. GuruFocus rates ELVA with a GF Score™ of 69/100 and a GF Value™ of $4.04 (Significantly Overvalued). The stock has 5 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Electrovaya's annualized ROCE % for the quarter that ended in Mar. 2026 was 6.69%.

Electrovaya  (NAS:ELVA) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Electrovaya ROCE % Related Terms

Electrovaya ROCE % Historical Data

* Premium members only.

The historical data trend for Electrovaya's ROCE % 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 ROCE % Chart

Electrovaya Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -1,316.84 7.23 16.45 12.08

Electrovaya Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 20.08 13.63 6.75 7.93 6.69
ELVA
69GF Score
Electrovaya Inc ELVA
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Electrovaya ROCE % Calculation

Electrovaya's annualized ROCE % for the fiscal year that ended in Sep. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Sep. 2025 )  (A: Sep. 2024 )(A: Sep. 2025 )
=3.914/( ( (39.482 - 28.531) + (63.931 - 10.078) )/ 2 )
=3.914/( (10.951+53.853)/ 2 )
=3.914/32.402
=12.08 %

Electrovaya's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=6.256/( ( (99.936 - 10.339) + (106.037 - 8.689) )/ 2 )
=6.256/( ( 89.597 + 97.348 )/ 2 )
=6.256/93.4725
=6.69 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 6.69% mean?
Electrovaya (ELVA) has a ROCE % of 6.69% as of Mar. 2026.
Is Electrovaya's ROCE % too high?
Electrovaya's current ROCE % is 6.69%. The Industrial Products industry median ROCE % is 7.10. Electrovaya's value of 6.69% is 5.8% below this industry median. Overall, Electrovaya has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Electrovaya's ROCE % compare to VRT and BE?
Electrovaya's ROCE % of 6.69% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.10. Electrovaya's value of 6.69% is 5.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.10, based on 3,032 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Electrovaya's current ROCE % of 6.69% is 5.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Industrial Products industry, the median ROCE % is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Electrovaya's current ROCE % is 6.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electrovaya stock overvalued right now?
Based on GuruFocus' analysis, Electrovaya (ELVA) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.04, compared to a current price of $9.55 — trading 136.4% above its estimated fair value. The current ROCE % is 6.69% and 5.8% below the Industrial Products industry median of 7.10. Electrovaya's overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Electrovaya (ELVA), the current ROCE % is 6.69% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Electrovaya (ELVA) Overvalued in 2026?

Based on GuruFocus' analysis, Electrovaya stock appears to be overvalued. The current stock price of $9.55 is trading 136.4% above its estimated GF Value™ of $4.04. GuruFocus considers Electrovaya to be Significantly Overvalued.

Key valuation signals for ELVA:

  • ROCE %: 6.69%
  • GF Value™: $4.04 vs. price of $9.55 (136.4% above fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 5.8% below the Industrial Products median

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

Electrovaya Business Description

Other Exchanges 4EV0:GermanyELVA: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.
69GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$9.55
Price
$4.04
GF Value