Enovix Corp (ENVX) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Enovix Corp $0.69, price $2.80, upside -75.4%, quality 20 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range $2.56 – $35.82 · fair‑value band $0.5200 – $1.04 · the $2.80 price screens above the $0.6900 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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Enovix Corporation designs, develops, and manufactures lithium-ion battery cells in the United States and internationally. It serves wearables and IoT, smartphone, computing, electrical vehicles, and original equipment manufacturers. The company was founded in 2006 and is headquartered in Fremont, California.
Stock analysis
Enovix Corp (ENVX) currently trades at $2.80, while our model-based Fair Value estimate is $0.6900, 75.4% 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 evidence level at low.
Scenario range: $0.5200 (bear) to $1.04 (bull), the price of $2.80 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 20/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Enovix Corp reported revenue of $31.8M in FY2025 versus $120 in FY2021, a compound +2,169.3%/yr. Reported net income was −$157M in FY2025.
Key figures
Market cap $612M · P/S ratio 17.7 · EPS (TTM) $−0.8300 · Return on equity −81.3% · Return on assets (EBIT) −27.7% · Operating margin −480% · Revenue (TTM) $35.9M · Revenue growth (YoY) +20.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 79% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −75%, ENVX screens richer than that median.
Fair Value models
Bear $0.5200Fair Value $0.6900Bull $1.04
Price $2.80 · Upside -75.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.
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.28/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+37.9%
Revenue growth 3 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.
+72.5%
’21
’22
’24
’25
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.
−57,935,000.0% (2021) → −554.8% (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
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.Electrical Equipment & Parts · 545 stocks
Beats the industry median on 1/7 measures
Overall it trails its industry peers.
Valuation
Quality Score20 · Bottom 25%
Fair Value upside−75.4% · Bottom 25%
Profitability
Return on assets−17.6% · Bottom 25%
Growth and dividend
Revenue growth20.8% · Above median
Balance sheet
Debt / equity1.92× · Highest 25%
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/B2.26× · Pricier than median
P/S (TTM)17.05× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 57
PAST (return on equity)0· sector 26
HEALTH (low debt)4· sector 97
DIVIDEND (yield)0· sector 23
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). "Enovix Corp Fair Value". https://www.fairvalue-calculator.com/stock/ENVX
Frequently asked questions
Is Enovix Corp (ENVX) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of $0.6900 versus a price of $2.80, about −75% upside (overvalued).
What is the fair value of ENVX?
Our model-based fair value for Enovix Corp is $0.6900 (as of Oct 1, 2026), built from audited fundamentals. The current price: $2.80.
What is the quality score of ENVX?
Enovix Corp has a Quality Score of 20/100. 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 Enovix Corp (ENVX)?
Our model-based price target is the fair value of $0.6900 (as of Oct 1, 2026) from 1 valuation models. Cautious scenario $0.5200, optimistic scenario $1.04. It is a calculation from audited fundamentals, not an analyst target.
What is the Enovix Corp stock forecast for 2026?
Our models put fair value at $0.6900, about −75% upside versus a price of $2.80 (overvalued). Cautious scenario $0.5200, optimistic scenario $1.04. The calculation is refreshed regularly with new filings.
What is the revenue of Enovix Corp (ENVX)?
Enovix Corp reported trailing-twelve-month revenue of about $35.9M (latest available figure, as of Oct 1, 2026).
What is the intrinsic value of Enovix Corp (ENVX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Enovix Corp it is $0.6900 per share (as of Oct 1, 2026), against a price of $2.80. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Enovix Corp stock overvalued or undervalued in 2026?
As of Oct 1, 2026, ENVX trades above its calculated fair value: price $2.80, fair value $0.6900, a gap of about −75% (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 ENVX?
No. The price is what the market pays today ($2.80); the fair value is what the company's own numbers justify ($0.6900). For Enovix Corp the two are $2.11 per share apart. That gap is exactly why we show both numbers side by side.
How much is Enovix Corp worth?
The market values Enovix Corp at about $612M (market capitalisation, as of Oct 1, 2026). Per share that is $2.80; our models calculate a fair value of $0.6900 per share.
What do the bullish and bearish scenarios say about ENVX?
Our models span a range for Enovix Corp: cautious scenario $0.5200, base $0.6900, optimistic $1.04 per share (as of Oct 1, 2026, price $2.80). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Enovix Corp (ENVX)?
Balance-sheet figures for Enovix Corp (as of Oct 1, 2026): return on equity −81.3%, debt of 1.92 per unit of equity. They feed the Quality Score of 20/100, which measures business quality independently of the share price.
How far is ENVX from its 52-week high?
Enovix Corp trades at $2.80, about 79% below its 52-week high of $13.19 and 10% above the low of $2.56 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $0.6900 is for.
Which stocks are comparable to Enovix Corp?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, 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 Enovix Corp stock attractive at the current price?
The data as of Oct 1, 2026: price $2.80, calculated fair value $0.6900 (−75%), Quality Score 20/100, 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 ENVX calculated?
We run Enovix Corp through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.6900, 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 14.9 % above its aggregate fair value. Enovix 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 Enovix Corp (ENVX)?
The closing price on Oct 2, 2026 was $2.80. Our model-based fair value is $0.6900, about −75% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Enovix Corp right now?
The price sits above even our optimistic bull case ($1.04). The favourable scenario is already priced in. Weak quality (20/100) 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 ($0.5200 to $1.04) leaves room in how you read the outcome.
Key figures of Enovix Corp
How large is the market capitalisation of Enovix Corp (ENVX)?
The market capitalisation of Enovix Corp is $612M. 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 Enovix Corp (ENVX)?
The price-to-sales ratio of Enovix Corp is 17.7 (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 Enovix Corp (ENVX)?
Earnings per share at Enovix Corp are $−0.8300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Enovix Corp (ENVX)?
The return on equity (ROE) of Enovix Corp is −81.3% (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 Enovix Corp (ENVX)?
On an EBIT basis the return on assets of Enovix Corp is −27.7% (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 Enovix Corp (ENVX)?
The operating margin of Enovix Corp is −480% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Enovix Corp (ENVX)?
Revenue at Enovix Corp is growing +20.8% versus a year earlier (3y avg +72.5%). 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 Enovix Corp (ENVX) generate?
The free cash flow of Enovix Corp is −$114M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Enovix Corp (ENVX) carry?
The net debt of Enovix Corp is $434M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Oct 1, 2026