EHang Holdings Limited

NasdaqGM:EH Stock Report

Market Cap: US$1.0b

EHang Holdings Valuation

Is EH 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

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

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

Key Valuation Metric

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

Key metric: As EH is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for EH. This is calculated by dividing EH's market cap by their current revenue.
What is EH's PS Ratio?
PS Ratio16.6x
SalesCN¥430.00m
Market CapCN¥7.09b

Price to Sales Ratio vs Peers

How does EH's PS Ratio compare to its peers?

The above table shows the PS ratio for EH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.3x
RDW Redwire
4.1x29.76%US$1.3b
LUNR Intuitive Machines
6.5x38.58%US$2.3b
BYRN Byrna Technologies
3.8x18.26%US$434.3m
TATT TAT Technologies
3x15.48%US$511.2m
EH EHang Holdings
16.6x39.56%US$1.0b

Price-To-Sales vs Peers: EH is expensive based on its Price-To-Sales Ratio (16.6x) compared to the peer average (4.3x).

Price to Sales Ratio vs Industry

How does EH's PS Ratio compare vs other companies in the US Aerospace & Defense Industry?

10 CompaniesPrice / SalesEstimated GrowthMarket Cap
SPR Spirit AeroSystems Holdings
0.7x17.89%US$4.64b
VVX V2X
0.4x4.72%US$1.73b
LLAP Terran Orbital
0.4x29.47%US$51.22m
SIF SIFCO Industries
0.5xn/aUS$43.32m
EH 16.6xIndustry Avg. 3.1xNo. of Companies14PS03.67.210.814.418+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: EH is expensive based on its Price-To-Sales Ratio (16.6x) compared to the US Aerospace & Defense industry average (3.1x).

Price to Sales Ratio vs Fair Ratio

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

EH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio16.6x
Fair PS Ratio10.2x

Price-To-Sales vs Fair Ratio: EH is expensive based on its Price-To-Sales Ratio (16.6x) compared to the estimated Fair Price-To-Sales Ratio (10.2x).

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 EH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$14.10
US$22.32
+58.27%
20.91%US$28.19US$12.01n/a12
Dec ’26US$13.96
US$22.33
+59.92%
20.86%US$28.19US$12.01n/a12
Nov ’26US$18.41
US$23.71
+28.76%
12.85%US$28.03US$19.11n/a12
Oct ’26US$18.85
US$23.75
+26.01%
12.08%US$27.84US$19.09n/a11
Sep ’26US$15.83
US$23.72
+49.81%
12.11%US$27.78US$19.05n/a11
Aug ’26US$16.90
US$27.33
+61.71%
11.53%US$30.42US$20.07n/a10
Jul ’26US$16.84
US$27.33
+62.29%
11.65%US$30.46US$20.04n/a10
Jun ’26US$16.22
US$27.29
+68.22%
11.59%US$30.37US$19.98n/a10
May ’26US$17.20
US$27.72
+61.16%
11.99%US$30.98US$20.00n/a8
Apr ’26US$19.84
US$28.11
+41.66%
10.11%US$31.16US$21.90n/a8
Mar ’26US$22.96
US$25.89
+12.78%
20.63%US$31.23US$16.97n/a7
Feb ’26US$16.99
US$24.18
+42.32%
21.15%US$32.54US$16.79n/a7
Jan ’26US$15.75
US$24.29
+54.26%
21.15%US$32.68US$16.86n/a7
Dec ’25US$15.52
US$24.32
+56.69%
20.93%US$32.96US$17.00US$13.967
Nov ’25US$17.05
US$24.34
+42.76%
21.64%US$33.83US$16.16US$18.418
Oct ’25US$14.34
US$24.34
+69.73%
21.64%US$33.83US$16.16US$18.858
Sep ’25US$14.56
US$24.89
+70.93%
21.31%US$33.61US$16.05US$15.837
Aug ’25US$12.21
US$24.96
+104.45%
21.77%US$32.86US$16.00US$16.906
Jul ’25US$14.12
US$24.96
+76.80%
21.77%US$32.86US$16.00US$16.846
Jun ’25US$16.97
US$26.82
+58.02%
15.02%US$32.93US$20.32US$16.225
May ’25US$17.76
US$23.83
+34.20%
14.70%US$27.34US$20.33US$17.202
US$22.32
Fair Value
36.8% undervalued intrinsic discount
12
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 Analysis2025/12/12 18:41
End of Day Share Price 2025/12/12 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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

EHang Holdings Limited is covered by 20 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Fuyin LiangBofA Global Research
Fuyin LiangBofA Global Research
Yiming WangChina Renaissance Securities