Novonix Ltd ADR (NVX) fair value: what the stock is really worth
We calculate from audited financials what Novonix Ltd ADR is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
- Compare price with fair valuebelow fair value = cheap, above = expensive
- Check the quality50 and up solid, 75 and up strong
- Watch it or check another stockalert when fair value or trend changes
At a glance
Novonix Ltd ADR
NVX · US
Below-average quality, currently priced close to our fair value of $2.91.
As of Sep 2, 2026, the fair value of Novonix Ltd ADR is $2.91 per share against a price of $3.01, so the fair value sits 3% below the price. A model estimate from reported figures, not an analyst target.
Fair value as of: Sep 2, 2026
From 3 valuation models · updated 6 days ago
Share price −24.7% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range ($1.73 to $3.77) leaves room in how you read the outcome.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 2, 2026.
How to read this chart
55‑month range $2.86 – $222.50 · fair‑value band $1.73 – $3.77 · the $3.01 price screens above the $2.91 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 2, 2026.
Analysis
Novonix Ltd ADR (NVX) currently trades at $3.01, while our model-based Fair Value estimate is $2.91, implying the stock looks roughly 3.5% fairly valued today. The Quality Score stands at 19/100 (below-average quality), in the Industrials sector. Bull case: the Dividend Discount group reads highest at a median of $0.5600 per share, and 0 of the 3 models we run sit above the $3.01 price. Bear case: the Asset-Based group reads lowest at $0.4900, and 3 of the 3 models stay below the price. Evidence for this calculation is low.
Trailing-twelve-month revenue stands at $5.6M. Revenue declined 10.1% year over year. It earns a return on equity of −62.0%. Net debt stands at $20.7M. Fundamentals as of Sep 2, 2026
Scenario range: $1.73 (bear) to $3.77 (bull), the price of $3.01 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 22% below its 52-week high, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at −3%, NVX screens cheaper than that median.
Fair Value models
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
All 3 models by family
Widest divergence: Dividend Discount ($0.5600) versus Asset-Based ($0.4900). Highest evidence: Gordon GGM (66).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 2, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 23 · Market factors (momentum, volatility) 20
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
NOVONIX Limited, a battery technology and materials company, provides products and mission critical services in North America, Asia, Australia, and Europe. It operates through Battery Materials, Battery Technology, and Graphite Exploration segments.
Full company description
NOVONIX Limited, a battery technology and materials company, provides products and mission critical services in North America, Asia, Australia, and Europe. It operates through Battery Materials, Battery Technology, and Graphite Exploration segments. The company develops and manufactures battery anode materials and battery cell testing equipment; performs consulting services; and carries out research and development in battery development. It also manages, maintenance, and develops Mount Dromedary natural graphite deposit located in Northern Queensland, Australia. In addition, the company is involved in investment and management, and real estate borrowing activities, as well as battery technology activities. It serves battery manufacturers, materials companies, automotive original equipment manufacturers (OEMs), and consumer electronics manufacturers. The company was formerly known as Graphitecorp Limited and changed its name to NOVONIX Limited in July 2017. NOVONIX Limited was incorporated in 2012 and is based in Brisbane, Australia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Novonix Ltd ADR reported revenue of $5.6M in FY2025 versus $6.1M in FY2021, a compound −2.0%/yr. Reported net income was −$92.8M in FY2025.
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Peer Group
Electrical Equipment & Parts · 544 stocks
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.
Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Undervalued stocks: US Stocks
- Valuation of the USA market
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Sep 2, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Contemporary Amperex Technology Co 3750 | HK$652.50 | HK$394.19 | −40% |
| ABB Ltd ABBN | CHF 80.10 | CHF 28.70 | −64% |
| Delta Electronics (Thailand) Public Company TDED | 10.40 SGD | 1.47 SGD | −86% |
| Vertiv Holdings VRT | $257.08 | $63.13 | −75% |
| LG Energy Solution, Ltd 373220 | 365,500 KRW | 201,455 KRW | −45% |
| Prysmian S.p.A PRY | €117.10 | €84.15 | −28% |
| Legrand SA LR | €140.90 | €78.82 | −44% |
| Sungrow Power Supply Co 300274 | ¥86.40 | ¥123.83 | +43% |
| Hubbell Incorporated HUBB | $443.31 | $285.77 | −36% |
| Shenzhen Inovance Technology Co 300124 | ¥61.07 | ¥33.04 | −46% |
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