Enovix Corp (ENVX) has a current Price-to-Book (P/B) ratio of 5.63. Compared to its 3-year average P/B ratio of 8.43, the current P/B ratio is approximately -33.20% higher. Relative to its 5-year average P/B ratio of 6.57, the current P/B ratio is about -14.31% higher. Enovix Corp (ENVX) has a Forward Free Cash Flow (FCF) yield of approximately -7.10%. Compared to its 3-year average FCF yield of -8.81%, the current FCF yield is approximately -19.45% lower. Relative to its 5-year average FCF yield of -7.73%, the current FCF yield is about -8.15% lower.

Competitors Valuation Multiple

AI Analysis

The average P/S ratio for ENVX competitors is 27.40, providing a benchmark for relative valuation. Enovix Corp Corp (ENVX.O) exhibits a P/S ratio of 32.35, which is 18.05% above the industry average. Given its robust revenue growth of 15.93%, this premium appears unsustainable.

P/E

P/S

EV/EBITDA

EV/EBIT

Earnings Growth

Market Cap

Performance Decomposition

AI Analysis

Market capitalization of ENVX increased by 0.00% over the past 1 year(s). The primary factor behind the change was an decrease in Unknown from 0.00 to 0.00.

The secondary factor is the Unknown, contributed 0.00% to the performance.

Overall, the performance of ENVX in the past 1 year(s) is driven by Unknown.

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Frequently Asked Questions

Is ENVX currently overvalued or undervalued?

What is Enovix Corp (ENVX) fair value?

ENVX's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. The fair price of Enovix Corp (ENVX) is between 3.61 to 71.64 according to relative valuation method.

How does ENVX's valuation metrics compare to the industry average?

The average P/S ratio for ENVX's competitors is 27.40, providing a benchmark for relative valuation. Enovix Corp Corp (ENVX) exhibits a P/S ratio of 32.35, which is 18.05% above the industry average. Given its robust revenue growth of 15.93%, this premium appears unsustainable.

What is the current P/B ratio for Enovix Corp (ENVX) as of Mar 03 2026?

As of Mar 03 2026, Enovix Corp (ENVX) has a P/B ratio of 5.63. This indicates that the market values ENVX at 5.63 times its book value.

What is the current FCF Yield for Enovix Corp (ENVX) as of Mar 03 2026?

As of Mar 03 2026, Enovix Corp (ENVX) has a FCF Yield of -7.10%. This means that for every dollar of Enovix Corp's market capitalization, the company generates -7.10 cents in free cash flow.

What is the current Forward P/E ratio for Enovix Corp (ENVX) as of Mar 03 2026?

As of Mar 03 2026, Enovix Corp (ENVX) has a Forward P/E ratio of -8.72. This means the market is willing to pay $-8.72 for every dollar of Enovix Corp's expected earnings over the next 12 months.

What is the current Forward P/S ratio for Enovix Corp (ENVX) as of Mar 03 2026?

As of Mar 03 2026, Enovix Corp (ENVX) has a Forward P/S ratio of 32.35. This means the market is valuing ENVX at $32.35 for every dollar of expected revenue over the next 12 months.

ENVX Valuation