Which has the lower trailing P/E, ELVA or ERII?

ERII has the lower trailing P/E: ELVA trades at 68.61 and ERII at 25.15. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, ELVA or ERII?

Over the past five years, ELVA grew revenue faster — ELVA at a 39.65% CAGR versus ERII at 3.08%.

Is ELVA or ERII more profitable?

ERII runs the higher net margin — ELVA at 6.19% versus ERII at 12.75%.

How have ELVA and ERII total returns compared?

Over the past 10 years, ELVA delivered -6.65% and ERII delivered -8.05% annualized total return. Past performance doesn't predict future results.

Electrovaya Inc. (ELVA) vs Energy Recovery, Inc. (ERII)

A side-by-side comparison of Electrovaya Inc. and Energy Recovery, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

ELVA

Electrovaya Inc.

$327M

$6.60IndustrialsDelayed quote: Oct 6, 2026, 12:55 PM EDT

ERII

Energy Recovery, Inc.

$366M

$7.11IndustrialsDelayed quote: Oct 6, 2026, 12:55 PM EDT

Total return — ELVA vs ERII

growth of $100 · dividends reinvested · last 10y

ELVA -49.7% (-6.6%/yr)ERII -56.8% (-8.0%/yr)ELVA compounded faster over this window

ELVA ERII

ELVA vs ERII: by the numbers

•ERII is the larger company ($366M vs $327M market cap).
•ERII trades at the lower trailing earnings multiple (25.15 vs 68.61 P/E), one valuation lens rather than an overall verdict.
•ERII converts more revenue to profit (12.75% vs 6.19% net margin).
•ELVA grew revenue faster over the past five years (39.65% vs 3.08% CAGR).

Metrics side by side

Valuation

Metric	ELVA	ERII
P/E ratio	68.61	25.15
Forward P/E	33.77	N/A
PEG ratio	5.86	N/A
P/S ratio	4.61	3.04
P/B ratio	4.86	2.12
EV / EBITDA	41.32	10.13
FCF yield	N/A	10.54%

Profitability

Metric	ELVA	ERII
Gross margin	31.44%	65.39%
Operating margin	9.52%	16.40%
Net margin	6.19%	12.75%
ROE	6.53%	8.89%
ROIC	6.22%	9.61%

Growth (annualized)

Metric	ELVA	ERII
Revenue CAGR (5Y)	39.65%	3.08%
EPS CAGR (5Y)	13.00%	-1.76%
FCF CAGR (5Y)	N/A	10.08%
Total return CAGR (5Y)	5.14%	-18.87%

Frequently asked

Which has the lower trailing P/E, ELVA or ERII?: ERII has the lower trailing P/E: ELVA trades at 68.61 and ERII at 25.15. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, ELVA or ERII?: Over the past five years, ELVA grew revenue faster — ELVA at a 39.65% CAGR versus ERII at 3.08%.
Is ELVA or ERII more profitable?: ERII runs the higher net margin — ELVA at 6.19% versus ERII at 12.75%.
How have ELVA and ERII total returns compared?: Over the past 10 years, ELVA delivered -6.65% and ERII delivered -8.05% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ELVA analysis Full ERII analysis Interactive comparison tool

Dig into the metrics

Electrovaya P/E ratio Energy Recovery P/E ratio Electrovaya ROE Energy Recovery ROE Electrovaya operating margin Energy Recovery operating margin Electrovaya revenue growth Energy Recovery revenue growth Electrovaya free cash flow Energy Recovery free cash flow

Electrovaya & Energy Recovery appear in these rankings

Fastest Revenue Growth Stocks Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.