A Look at KULR Technology Group’s Valuation After Rapid 400V Battery Prototype Reveal and Shareholder Backing

Simply Wall St

KULR Technology Group, a US-based thermal management company, is getting noticed after unveiling a rapid prototype delivery for a new 400V battery system aimed at energy weapon platforms. At the same time, stockholders endorsed management’s strategic direction by supporting key proposals at the recent annual meeting.

See our latest analysis for KULR Technology Group.

The unveiling of KULR Technology Group’s advanced 400V battery prototype for energy weapon platforms, alongside decisive shareholder backing, has stirred some short-term momentum: shares surged with a 41.5% 7-day price return, though the stock’s long-term total return remains deeply negative, down 65.1% over the past year. This recent spike reflects renewed optimism about future growth, even as the stock’s longer trajectory reminds investors that risks are still material.

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With shares still trading far below their highs and recent innovations drawing renewed attention, the key question now is whether KULR is primed for a rebound or if the market has already priced in this potential growth.

Most Popular Narrative: 70.5% Undervalued

With the latest close at $3.24, the narrative champions a fair value more than triple this level, suggesting a substantial gap between current sentiment and longer-term expectations. Let’s hear what underpins this bold perspective.

Regulatory demand for advanced battery safety, circularity, and compliance continues to intensify across markets. This is creating a tailwind for KULR's proprietary safety solutions (ballistic proof batteries, certified packaging, tested screening) and is broadening its total addressable market in logistics, energy storage, and e-mobility sectors. This points to long-term recurring revenue growth and potential for above-industry-average net margins.

Read the complete narrative.

Wondering why the narrative points to such a high ceiling? There is a powerful mix of accelerating revenue, ambitious margin guesses, and future profit multiples usually reserved for sector leaders. What are the controversial numbers that make this fair value projection so punchy? Dive in to see what assumptions have market-watchers buzzing.

Result: Fair Value of $11 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, KULR’s heavy reliance on new product launches and equity funding means that ongoing shareholder dilution or missed sales could quickly dampen this optimistic outlook.

Find out about the key risks to this KULR Technology Group narrative.

Another View: Sales Ratio Clouds the Outlook

While the narrative highlights long-term potential, our multiple-based approach tells a different story. KULR’s price-to-sales ratio stands at 8.9x, much higher than the US Electrical industry average of 2x and its peer group average of 3.6x. Even compared to its own fair ratio of 5.2x, KULR appears expensive, which may suggest a higher valuation risk if sales do not meet optimistic growth expectations. Could the market be overpricing future success?

See what the numbers say about this price — find out in our valuation breakdown.

NYSEAM:KULR PS Ratio as at Dec 2025

Build Your Own KULR Technology Group Narrative

If you want to check the numbers for yourself or think a different story should be told, you can craft your own perspective in just a few minutes, so Do it your way.

A great starting point for your KULR Technology Group research is our analysis highlighting 1 key reward and 4 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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