ESS Tech, Inc.

NYSE:GWH Stock Report

Market Cap: US$61.4m

ESS Tech Valuation

Is GWH 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 GWH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for GWH. This is calculated by dividing GWH's market cap by their current revenue.
What is GWH's PS Ratio?
PS Ratio9.9x
SalesUS$6.24m
Market CapUS$61.37m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for GWH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.8x
BEEM Beam Global
1x19.1%US$57.8m
SKYX SKYX Platforms
1.2x28.3%US$102.3m
KULR KULR Technology Group
8x58.3%US$65.2m
BLNK Blink Charging
1.1x21.6%US$156.8m
GWH ESS Tech
9.9x53.4%US$61.4m

Price-To-Sales vs Peers: GWH is expensive based on its Price-To-Sales Ratio (9.9x) compared to the peer average (2.8x).

Price to Sales Ratio vs Industry

How does GWH's PS Ratio compare vs other companies in the US Electrical Industry?

22 CompaniesPrice / SalesEstimated GrowthMarket Cap
BW Babcock & Wilcox Enterprises
0.2x-0.03%US$183.47m
TPIC TPI Composites
0.07x13.5%US$96.08m
CBAT CBAK Energy Technology
0.4x21.1%US$79.14m
STEM Stem
0.2x30.7%US$55.56m
GWH 9.9xIndustry Avg. 1.8xNo. of Companies22PS0246810+
22 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: GWH is expensive based on its Price-To-Sales Ratio (9.9x) compared to the US Electrical industry average (1.9x).

Price to Sales Ratio vs Fair Ratio

What is GWH'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.

GWH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio9.9x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate GWH's Price-To-Sales 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 GWH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$5.21
US$10.50
+101.5%
31.6%US$17.00US$8.00n/a5
Nov ’25US$7.68
US$19.67
+156.1%
61.2%US$45.00US$9.00n/a6
Oct ’25US$6.13
US$24.83
+305.1%
59.7%US$45.00US$9.00n/a6
Sep ’25US$7.49
US$23.00
+207.1%
62.8%US$45.00US$9.00n/a7
Aug ’25US$10.80
US$27.21
+152.0%
45.3%US$45.00US$12.00n/a7
Jul ’25US$11.18
US$28.00
+150.4%
47.0%US$45.00US$12.00n/a6
Jun ’25US$11.18
US$28.00
+150.4%
47.0%US$45.00US$12.00n/a6
May ’25US$11.34
US$29.88
+163.4%
44.0%US$45.00US$12.00n/a6
Apr ’25US$10.50
US$33.11
+215.3%
43.9%US$52.50US$12.00n/a7
Mar ’25US$12.68
US$39.96
+215.2%
30.0%US$60.00US$26.25n/a7
Feb ’25US$14.13
US$39.96
+182.9%
30.0%US$60.00US$26.25n/a7
Jan ’25US$17.10
US$39.96
+133.7%
30.0%US$60.00US$26.25n/a7
Dec ’24US$19.20
US$39.96
+108.1%
30.0%US$60.00US$26.25n/a7
Nov ’24US$17.70
US$39.96
+125.8%
30.0%US$60.00US$26.25US$7.687
Oct ’24US$28.20
US$39.96
+41.7%
30.0%US$60.00US$26.25US$6.137
Sep ’24US$23.25
US$35.88
+54.3%
38.9%US$60.00US$16.50US$7.496
Aug ’24US$27.45
US$37.13
+35.2%
38.7%US$60.00US$16.50US$10.806
Jul ’24US$22.05
US$51.11
+131.8%
71.9%US$135.00US$16.50US$11.187
Jun ’24US$17.40
US$50.34
+189.3%
68.4%US$135.00US$16.50US$11.188
May ’24US$15.75
US$76.33
+384.7%
59.9%US$165.00US$27.00US$11.349
Apr ’24US$20.85
US$76.33
+266.1%
59.9%US$165.00US$27.00US$10.509
Mar ’24US$24.15
US$102.50
+324.4%
29.7%US$165.00US$60.00US$12.689
Feb ’24US$35.10
US$102.50
+192.0%
29.7%US$165.00US$60.00US$14.139
Jan ’24US$36.45
US$98.44
+170.1%
30.3%US$165.00US$60.00US$17.108
Dec ’23US$46.20
US$120.94
+161.8%
71.3%US$345.00US$60.00US$19.208
Nov ’23US$62.25
US$123.75
+98.8%
69.0%US$345.00US$60.00US$17.708

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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