EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

SES AI Corp (SES) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of SES AI Corp $0.49, price $0.52, upside -6.4%, quality 41 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Consumer Cyclical · US · ISIN US78397Q1094

SA SES AI Corp logo Thin data Sep 23, 2026

SES AI Corp

SES · US

Low PriorityFair Value upside is limited and quality is weak.

·Fair value $0.4900 · Fairly valued (−6%)
!Quality 41/100
!Mixed Growth (revenue YoY +929.4 %/yr)
!Low debt · negative free cash flow
!Trails peers (2/8)
!Narrow moat 8/100
!Evidence only low, so the estimate is less certain
!Weak on valuation: 25 out of 100
Watch SES AI Corp for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free Pro now: $1 first month

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$11.14 $0.2700 Fair Value $0.4900 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range $0.2700 – $11.14 · fair‑value band $0.3200 – $0.6100 · the $0.5232 price screens above the $0.4900 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.

Follow SES AI in your weekly email

Every Wednesday you see whether SES AI is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

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.

Show more

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. 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 $0.5232, while our model-based Fair Value estimate is $0.4900, implying the stock looks roughly 6.8% fairly valued today.

Show more

Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: $0.3200 (bear) to $0.6100 (bull), the price of $0.5232 sits inside 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 $397M · P/S ratio 18.1 · EPS (TTM) $−0.2200 · Return on equity −30.7% · Return on assets (EBIT) −23.5% · Operating margin −266% · Revenue (TTM) $21.9M · Revenue growth (YoY) +15.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (medium confidence).

What moves the price

The share trades about 85% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at −38% fair-value upside, at −6%, SES screens cheaper than that median.

Fair Value models

Bear $0.3200 Fair Value $0.4900 Bull $0.6100
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. 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.
Highest evidence
NCAV (Graham) $0.3300 $0.4400 $0.6600 54
All 1 models by family
Asset-Based
NCAV (Graham) $0.3300 $0.4400 $0.6600 54

Open the full fair value analysis →

Notify me when SES reaches fair value

Put SES on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 41/100

Of which business quality 41 · Market factors (momentum, volatility) 10

Profitability 2
Margins and returns on capital today
Quality Growth 74
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 35
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 43
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

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%
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
not computed

Watch SES, get fair value alerts →

Compare SES AI Corp with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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 · 699 stocks

Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score 41 · Bottom 25%
Fair Value upside −6% · Below median
Profitability
Return on assets −17% · Bottom 25%
Growth and dividend
Revenue growth 16% · Top 25%
Balance sheet
Debt / equity 0.01× · Lowest 25%

Valuation Multiplesvs Auto Parts median · lower = cheaper

P/B 1.85× · Pricier than median
P/S (TTM) 18.11× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)25 · sector 29
FUTURE (revenue growth)79 · sector 19
PAST (return on equity)0 · sector 28
HEALTH (low debt)100 · sector 95
DIVIDEND (yield)0 · sector 38

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Auto Parts stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
O'Reilly Automotive, Inc ORLY $85.82 $48.08 −44%
AutoZone, Inc AZO $2,895 $2,368 −18%
Hyundai Mobis Co 012330 367,500 KRW 655,250 KRW +78%
Fuyao Glass Industry Group 600660 ¥53.77 ¥75.79 +41%
Magna International Inc MGA $63.79 $68.17 +7%
Samvardhana Motherson International Limited MOTHERSON ₹161.77 ₹96.97 −40%
Ningbo Tuopu Group 601689 ¥45.71 ¥28.28 −38%
Bosch Limited BOSCHLTD ₹48,290 ₹26,308 −46%
Bharat Forge Limited BHARATFORG ₹2,009 ₹415.47 −79%
Uno Minda Limited UNOMINDA ₹1,226 ₹426.57 −65%

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
For bloggers & editors: embed code + live data

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.

SES AI Corp · Fair Value
$0.4900 −7%Fair Value
Calculator →

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 Sep 23, 2026, our model estimates a fair value of $0.4900 versus a price of $0.5232, about −6% upside (fairly valued).
What is the fair value of SES?
Our model-based fair value for SES AI Corp is $0.4900 (as of Sep 23, 2026), built from audited fundamentals. The current price: $0.5232.
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 $0.4900 (as of Sep 23, 2026) from 1 valuation models. Cautious scenario $0.3200, optimistic scenario $0.6100. 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 $0.4900, about −6% upside versus a price of $0.5232 (fairly valued). Cautious scenario $0.3200, optimistic scenario $0.6100. 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 $21.9M (latest available figure, as of Sep 23, 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 $0.4900 per share (as of Sep 23, 2026), against a price of $0.5232. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is SES AI Corp stock overvalued or undervalued in 2026?
As of Sep 23, 2026, SES trades above its calculated fair value: price $0.5232, fair value $0.4900, a gap of about −6% (fairly valued). 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 ($0.5232); the fair value is what the company's own numbers justify ($0.4900). For SES AI Corp the two are $0.0332 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 $397M (market capitalisation, as of Sep 23, 2026). Per share that is $0.5232; our models calculate a fair value of $0.4900 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 $0.4900, optimistic $0.6100 per share (as of Sep 23, 2026, price $0.5232). 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 Sep 23, 2026): return on equity −30.7%, 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 $0.5232, about 85% below its 52-week high of $3.54 and 5% above the low of $0.5001 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $0.4900 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 Sep 23, 2026: price $0.5232, calculated fair value $0.4900 (−6%), 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 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 $0.4900, 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 14.1 % 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 Sep 23, 2026 was $0.5232. Our model-based fair value is $0.4900, about −6% upside (fairly valued). 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 close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($0.3200 to $0.6100) 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.

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 $397M. 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 18.1 (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 $−0.2200. 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 −30.7% (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 −266% (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 +15.8% 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.
Free · no account needed

Watch SES AI Corp in the live analysis

One click puts SES AI Corp on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.