Enovix Corporation

NasdaqGS:ENVX Stock Report

Market Cap: US$1.2b

Enovix Valuation

Is ENVX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ENVX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate ENVX's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ENVX's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ENVX?

Key metric: As ENVX barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for ENVX. This is calculated by dividing ENVX's market cap by their current book value.
What is ENVX's PB Ratio?
PB Ratio5.2x
BookUS$235.14m
Market CapUS$1.22b

Price to Book Ratio vs Peers

How does ENVX's PB Ratio compare to its peers?

The above table shows the PB ratio for ENVX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average2.9x
AMSC American Superconductor
4.3x58.7%US$832.6m
FLNC Fluence Energy
1.4x50.9%US$564.4m
AMPX Amprius Technologies
4x52.0%US$277.1m
THR Thermon Group Holdings
1.9x15.6%US$931.9m
ENVX Enovix
5.2x58.4%US$1.2b

Price-To-Book vs Peers: ENVX is expensive based on its Price-To-Book Ratio (5.2x) compared to the peer average (2.9x).

Price to Book Ratio vs Industry

How does ENVX's PB Ratio compare vs other companies in the US Electrical Industry?

4 CompaniesPrice / BookEstimated GrowthMarket Cap
NPWR NET Power
0.2xn/aUS$404.79m
FCEL FuelCell Energy
0.1x19.4%US$85.24m
APWC Asia Pacific Wire & Cable
0.2xn/aUS$31.96m
SPWR.Q SunPower
0.00007x49.1%US$21.71k
No more companies available in this PB range
ENVX 5.2xIndustry Avg. 1.6xNo. of Companies10PB012345+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: ENVX is expensive based on its Price-To-Book Ratio (5.2x) compared to the US Electrical industry average (1.6x).

Price to Book Ratio vs Fair Ratio

What is ENVX's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ENVX PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio5.2x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate ENVX's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ENVX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$6.35
US$17.60
+177.2%
52.9%US$36.00US$7.00n/a10
Apr ’26US$7.44
US$27.08
+264.0%
85.6%US$100.00US$10.00n/a12
Mar ’26US$8.92
US$27.08
+203.6%
85.6%US$100.00US$10.00n/a12
Feb ’26US$12.06
US$27.25
+126.0%
84.8%US$100.00US$10.00n/a12
Jan ’26US$10.87
US$27.25
+150.7%
84.8%US$100.00US$10.00n/a12
Dec ’25US$9.25
US$27.25
+194.6%
84.8%US$100.00US$10.00n/a12
Nov ’25US$9.04
US$27.25
+201.6%
84.8%US$100.00US$10.00n/a12
Oct ’25US$8.58
US$28.83
+236.1%
77.1%US$100.00US$14.00n/a12
Sep ’25US$9.52
US$28.83
+202.9%
77.1%US$100.00US$14.00n/a12
Aug ’25US$11.65
US$29.17
+150.4%
75.8%US$100.00US$14.00n/a12
Jul ’25US$15.10
US$27.91
+84.8%
85.8%US$100.00US$11.00n/a11
Jun ’25US$10.62
US$27.58
+159.7%
83.2%US$100.00US$11.00n/a12
May ’25US$6.51
US$28.08
+331.4%
80.8%US$100.00US$12.00US$6.1412
Apr ’25US$7.91
US$28.75
+263.5%
77.6%US$100.00US$12.00US$7.4412
Mar ’25US$9.74
US$28.75
+195.2%
77.6%US$100.00US$12.00US$8.9212
Feb ’25US$9.42
US$28.67
+204.3%
77.9%US$100.00US$11.00US$12.0612
Jan ’25US$12.52
US$28.67
+129.0%
77.9%US$100.00US$11.00US$10.8712
Dec ’24US$12.39
US$28.67
+131.4%
77.9%US$100.00US$11.00US$9.2512
Nov ’24US$9.05
US$30.33
+235.2%
71.7%US$100.00US$11.00US$9.0412
Oct ’24US$12.55
US$31.42
+150.3%
67.0%US$100.00US$20.00US$8.5812
Sep ’24US$14.10
US$31.42
+122.8%
67.0%US$100.00US$20.00US$9.5212
Aug ’24US$21.26
US$31.42
+47.8%
67.0%US$100.00US$20.00US$11.6512
Jul ’24US$18.04
US$28.42
+57.5%
78.1%US$100.00US$15.00US$15.1012
Jun ’24US$14.48
US$28.42
+96.2%
78.1%US$100.00US$15.00US$10.6212
May ’24US$10.93
US$28.42
+160.0%
78.1%US$100.00US$15.00US$6.5112
AnalystConsensusTarget
Consensus Narrative from 10 Analysts
US$17.60
Fair Value
63.9% undervalued intrinsic discount
10
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/04 08:40
End of Day Share Price 2025/05/02 00:00
Earnings2025/03/30
Annual Earnings2024/12/29

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Enovix Corporation is covered by 15 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael LeggBenchmark Company
Ryan PfingstB. Riley Securities, Inc.
Christopher SoutherB. Riley Securities, Inc.