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

IA has the lower trailing P/E: ELVA trades at 68.61 and IA at 18.45. P/E is one valuation measure and does not by itself establish which business is cheaper.

Is ELVA or IA more profitable?

IA runs the higher net margin — ELVA at 6.19% versus IA at 20.50%.

How have ELVA and IA total returns compared?

Over the past 10 years, ELVA delivered -6.65% and IA delivered 19.77% annualized total return. Past performance doesn't predict future results.

Electrovaya Inc. (ELVA) vs Innovative Aerosystems, Inc. (IA)

A side-by-side comparison of Electrovaya Inc. and Innovative Aerosystems, 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

Innovative Aerosystems, Inc.

$347M

$19.37IndustrialsDelayed quote: Oct 6, 2026, 12:55 PM EDT

Total return — ELVA vs IA

growth of $100 · dividends reinvested · last 10y

ELVA -49.7% (-6.6%/yr)IA +507.1% (+19.8%/yr)IA compounded faster over this window

Log scale — wide-divergence pair

ELVA IA

ELVA vs IA: by the numbers

•IA is the larger company ($347M vs $327M market cap).
•IA trades at the lower trailing earnings multiple (18.45 vs 68.61 P/E), one valuation lens rather than an overall verdict.
•IA converts more revenue to profit (20.50% vs 6.19% net margin).

Metrics side by side

Valuation

Metric	ELVA	IA
P/E ratio	68.61	18.45
Forward P/E	33.77	17.69
PEG ratio	5.86	N/A
P/S ratio	4.61	3.72
P/B ratio	4.86	4.49
EV / EBITDA	41.32	13.17
FCF yield	N/A	4.12%

Profitability

Metric	ELVA	IA
Gross margin	31.44%	54.94%
Operating margin	9.52%	27.37%
Net margin	6.19%	20.50%
ROE	6.53%	24.73%
ROIC	6.22%	14.98%

Growth (annualized)

Metric	ELVA	IA
Revenue CAGR (5Y)	39.65%	N/A
EPS CAGR (5Y)	13.00%	N/A
Total return CAGR (5Y)	5.14%	22.87%

Frequently asked

Which has the lower trailing P/E, ELVA or IA?: IA has the lower trailing P/E: ELVA trades at 68.61 and IA at 18.45. P/E is one valuation measure and does not by itself establish which business is cheaper.
Is ELVA or IA more profitable?: IA runs the higher net margin — ELVA at 6.19% versus IA at 20.50%.
How have ELVA and IA total returns compared?: Over the past 10 years, ELVA delivered -6.65% and IA delivered 19.77% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ELVA analysis Full IA analysis Interactive comparison tool

Dig into the metrics

Electrovaya P/E ratio Innovative Aerosystems P/E ratio Electrovaya ROE Innovative Aerosystems ROE Electrovaya operating margin Innovative Aerosystems operating margin Electrovaya revenue growth Innovative Aerosystems revenue growth Electrovaya free cash flow Innovative Aerosystems free cash flow

Electrovaya & Innovative Aerosystems appear in these rankings

Fastest Revenue Growth Stocks Highest FCF Yield Stocks Highest 10-Year Total Return 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.