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Aeva Technologies, Inc. (AEVA) stock analysis

AEVANasdaqMotor Vehicle Parts & AccessoriesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 6, 2026Score 9/30253% above fair value
$12.84+0.57 (+4.65%)

Close on Nov 11, 2026Market cap $895.02MP/E –Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value0Growth3Performance1Health5Dividend0

Mixed9 of 30 checks passed

Aeva Technologies passes 9 of the 30 checks behind our score; 13 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
0/6
Growth
3/6
Past performance
1/6
Financial health
5/6
Dividend
0/6

What stands out

  • No debt

    Aeva Technologies has no borrowings on its latest balance sheet.

  • Revenue growing 10%+ a year

    Revenue grew 62.8% a year over the last three fiscal years.

  • Interest well covered

    No meaningful interest expense to cover.

  • Debt covered by cash flow

    There is no debt to cover.

What to watch

  • Margin of safety under 20%

    The price is 253% above fair value, so there is no margin of safety.

  • Trading above fair value

    The share price of $12.84 is above our fair value estimate of $3.63.

  • Return on equity under 15%

    Return on equity was -354% over the last twelve months and averaged -96.9% over five years; we look for 15% on both.

  • Elevated bankruptcy risk

    The Altman Z-score is -3.85; above 3 is the safe zone and below 1.8 the distress zone.

Valuation0/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/B above the industry

    Aeva Technologies's price-to-book of 20.69 is above the Motor Vehicles and Motor Vehicle Equipment median of 1.56.

  • Trading above fair value

    The share price of $12.84 is above our fair value estimate of $3.63.

  • Margin of safety under 20%

    The price is 253% above fair value, so there is no margin of safety.

Growth3/6

  • Revenue growing 10%+ a year

    Revenue grew 62.8% a year over the last three fiscal years.

  • EPS growth over 3 years

    Needs positive EPS three years ago and today.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing faster than the industry

    Revenue grew 62.9% over the last twelve months; the Motor Vehicles and Motor Vehicle Equipment median is 5.5%.

  • Guidance issued

    The latest outlook (2026 Revenue, Feb 26, 2026) was issued for the first time, so it neither adds nor takes away points.

  • Gross margin improving

    Gross margin was 31.2% over the last twelve months, against -18.5% a year earlier.

Past performance1/6

  • Return on equity under 15%

    Return on equity was -354% over the last twelve months and averaged -96.9% over five years; we look for 15% on both.

  • Return on invested capital

    Needs operating income and invested capital.

  • Return on equity below the industry

    Aeva Technologies's return on equity of -354% is below the Motor Vehicles and Motor Vehicle Equipment median of 3.5%.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin above its 5-year average

    Net margin was -549% over the last twelve months, against a 5-year average of -2112%.

  • Net margin below the industry

    Aeva Technologies's net margin of -549% is below the Motor Vehicles and Motor Vehicle Equipment median of 1.9%.

Financial health5/6

  • No debt

    Aeva Technologies has no borrowings on its latest balance sheet.

  • Debt not rising

    With no debt today, leverage cannot have risen.

  • Debt covered by cash flow

    There is no debt to cover.

  • Interest well covered

    No meaningful interest expense to cover.

  • Short-term assets cover short-term debts

    Current assets are 6.26 times current liabilities.

  • Elevated bankruptcy risk

    The Altman Z-score is -3.85; above 3 is the safe zone and below 1.8 the distress zone.

Dividend0/6

  • No dividend

    Aeva Technologies has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$3.63

The share price is 253% above this estimate.

20%+ below
Near fair value
20%+ above
$12.84Price$3.63Fair value
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
P/B3.2×5.1×1.6×$1.9650%
P/S15.0×47.4×0.7×$5.3150%
Fair value$3.63100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/B at month end
  • Own 5-year median 5.1
  • Motor Vehicles and Motor Vehicle Equipment median 1.6

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Medium risk

Average value traded per day
$19.91M
Value traded per 1% price move
$5.09M

Downside

High risk

Typical loss in a bad month
40.9%
Volatility (annualized)
118%
Sharpe ratio, 1 year
-0.08
Beta to the S&P 500 (5Y)
2.46

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2018 to 2025

Gross margin

-3.7%−47.1 pts over 5 years

Operating margin

-705.8%−174.3 pts over 5 years

Net margin

-804.4%−276.4 pts over 5 years

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