SES AI Corp (SES) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of SES AI Corp stock $0.48, price $0.83, that is 42.4% below the price, quality 41 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $0.2700 – $11.14 · fair‑value band $0.3200 – $0.6000 · the $0.8330 price screens above the $0.4800 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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SES AI Corporation develops and produces AI enhanced lithium metal and lithium-ion rechargeable battery technologies for electric vehicles, urban air mobility, drones, robotics, battery energy storage systems, and other applications.
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It manufactures and sells residential and commercial ESS systems, li-ion, li metal battery cells and battery materials, such as electrolytes for automotive original equipment manufacturers and others. The company operates in the United States and the Asia Pacific regions.
SES AI Corporation was founded in 2012 and is headquartered in Woburn, Massachusetts.
Stock analysis
SES AI Corp (SES) currently trades at $0.8330, while our model-based Fair Value estimate is $0.4800, 42% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.
Scenario range: $0.3200 (bear) to $0.6000 (bull), the price of $0.8330 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 41/100 (below-average quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
SES AI Corp reported revenue of $21.0M in FY2025 versus $0 in FY2021. Reported net income was −$73.0M in FY2025.
Key figures
Market cap $280M Micro · P/S ratio 12.5 · EPS (TTM) $−0.2000 · Return on equity −31.2% · Return on assets (EBIT) −23.5% (5-year average) · Operating margin −378% · Revenue (TTM) $23.5M · Revenue growth (YoY) +43.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 8 out of 100 (medium confidence).
What moves the price
The share trades about 68% below its 52-week high and 67% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −23% fair-value upside, at −42%, SES screens richer than that median.
Fair Value models
Bear$0.3200Fair Value $0.4800Bull$0.6000
Price $0.8330 · Downside -42.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, one officer or director sold shares worth $30,000 and none bought.
SaleKyle PilkingtonCHIEF LEGAL OFFICER2× since Mar 9, 2026: 50,000 shares, avg. $1.20$60,000May 22, 202610b5-1 plan
SaleHong GanCHIEF SCIENCE OFFICER3× since Nov 17, 2025: 500,000 shares, avg. $2.22$1.1MJan 23, 202610b5-1 plan
Plus 9 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.33/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+929.4%
Revenue growth 17 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+27.7%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−588.2% (2018) → −393.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
News mood ⓘNews mood, the average tone of recent news (60 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Auto Parts · 656 stocks
Beats the industry median on 3/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside−42.4% · Bottom 25%
Profitability
Return on assets−26.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)43.8% · Top 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Auto Parts median · lower = cheaper
P/B1.30× · Cheaper than median
P/S (12 months)11.94× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 33
FUTURE (revenue growth)100· sector 34
PAST (return on equity)0· sector 31
HEALTH (low debt)100· sector 95
DIVIDEND (yield)0· sector 39
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "SES AI Corp Fair Value". https://www.fairvalue-calculator.com/stock/SES
Frequently asked questions
Is SES AI Corp (SES) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $0.4800 versus a price of $0.8330, about 42% lower (overvalued).
What is the fair value of SES?
Our model-based fair value for SES AI Corp is $0.4800 (as of Nov 8, 2026), built from audited fundamentals. The current price: $0.8330.
What is the quality score of SES?
SES AI Corp has a Quality Score of 41/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for SES AI Corp (SES)?
Our model-based price target is the fair value of $0.4800 (as of Nov 8, 2026) from 1 valuation models. Cautious scenario $0.3200, optimistic scenario $0.6000. It is a calculation from audited fundamentals, not an analyst target.
What is the SES AI Corp stock forecast for 2026?
Our models put fair value at $0.4800, about 42% lower versus a price of $0.8330 (overvalued). Cautious scenario $0.3200, optimistic scenario $0.6000. The calculation is refreshed regularly with new filings.
What is the revenue of SES AI Corp (SES)?
SES AI Corp reported trailing-twelve-month revenue of about $23.5M (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of SES AI Corp (SES)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SES AI Corp it is $0.4800 per share (as of Nov 8, 2026), against a price of $0.8330. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is SES AI Corp stock overvalued or undervalued in 2026?
As of Nov 8, 2026, SES trades above its calculated fair value: price $0.8330, fair value $0.4800, a gap of about −42% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SES?
No. The price is what the market pays today ($0.8330); the fair value is what the company's own numbers justify ($0.4800). For SES AI Corp the two are $0.3530 per share apart. That gap is exactly why we show both numbers side by side.
How much is SES AI Corp worth?
The market values SES AI Corp at about $280M (market capitalisation, as of Nov 8, 2026). Per share that is $0.8330; our models calculate a fair value of $0.4800 per share.
What do the bullish and bearish scenarios say about SES?
Our models span a range for SES AI Corp: cautious scenario $0.3200, base $0.4800, optimistic $0.6000 per share (as of Nov 8, 2026, price $0.8330). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of SES AI Corp (SES)?
Balance-sheet figures for SES AI Corp (as of Nov 8, 2026): return on equity −31.2%, debt of 0.01 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is SES from its 52-week high?
SES AI Corp trades at $0.8330, about 68% below its 52-week high of $2.57 and 67% above the low of $0.5001 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $0.4800 is for.
Which stocks are comparable to SES AI Corp?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is SES AI Corp stock attractive at the current price?
The data as of Nov 8, 2026: price $0.8330, calculated fair value $0.4800 (−42%), Quality Score 41/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SES calculated?
We run SES AI Corp through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of $0.4800 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. SES AI Corp itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of SES AI Corp (SES)?
The closing price on Nov 6, 2026 was $0.8330. Our model-based fair value is $0.4800, about 42% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SES AI Corp right now?
The price sits above even our optimistic bull case ($0.6000). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range ($0.3200 to $0.6000) leaves room in how you read the outcome.
Key figures of SES AI Corp
How large is the market capitalisation of SES AI Corp (SES)?
The market capitalisation of SES AI Corp is $280M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of SES AI Corp (SES)?
The price-to-sales ratio of SES AI Corp is 12.5 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of SES AI Corp (SES)?
Earnings per share at SES AI Corp are $−0.2000. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of SES AI Corp (SES)?
The return on equity (ROE) of SES AI Corp is −31.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of SES AI Corp (SES)?
On an EBIT basis the return on assets of SES AI Corp is −23.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of SES AI Corp (SES)?
The operating margin of SES AI Corp is −378% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SES AI Corp (SES)?
Revenue at SES AI Corp is growing +43.8% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does SES AI Corp (SES) generate?
The free cash flow of SES AI Corp is −$61.2M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does SES AI Corp (SES) hold?
SES AI Corp holds more cash than debt, $20.6M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 8, 2026
