Amtech Systems (ASYS) vs Electrovaya (ELVA)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Amtech Systems (ASYS) has outperformed Electrovaya (ELVA) over the past year, gaining 65.9% versus a loss of 4.1%. Over five years, ASYS leads with a +38.7% price change compared with +16.9% for ELVA. Electrovaya is the larger company by market cap ($286.6 million vs $283.8 million), about 1.0 times the size.
On valuation, Amtech Systems trades at a lower forward P/E (13.0x vs 21.1x for Electrovaya).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ASYS | ELVA |
|---|---|---|
| Share price | $16.21 | $5.79 |
| Market cap | $283.81M | $286.65M |
| 1-day change | -7.90% | -9.11% |
| YTD return | +29.16% | -19.37% |
| 1-year return | +65.92% | -4.07% |
| 5-year return | +38.67% | +16.88% |
| P/E ratio (TTM) | 60.04 | 57.90 |
| Forward P/E | 12.97 | 21.13 |
| EPS (TTM) | $0.27 | $0.10 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $25.71 | $12.78 |
| 52-week low | $6.75 | $4.10 |
| Distance from 52-week high | -36.95% | -54.69% |
| Analyst consensus | none | strong_buy |
| Avg. price target upside | +35.72% | +152.16% |
| Average volume | 367.16K | 1.02M |
| Shares outstanding | 17.51M | 49.51M |
| Employees | 264 | — |
| Sector | Technology | Miscellaneous |
| Industry | Industrial Machinery/Components | Industrial Machinery/Components |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- ASYS has outperformed ELVA by 70.0 percentage points over the past year.
- The two companies sit in different sectors: Amtech Systems in Technology and Electrovaya in Miscellaneous.
About Amtech Systems
ASYS stock →Amtech Systems, Inc., together with its subsidiaries, manufactures and sells capital equipment and related consumables for use in fabricating and packaging semiconductor devices in the United States, Canada, Mexico, China, Malaysia, Taiwan, Singapore, the Czech Republic, Austria, Hungary, the United Kingdom, Germany, and internationally. It operates through Thermal Processing Solutions and Semiconductor Fabrication Solutions segments.
Technology · Industrial Machinery/Components · 264 employees
About Electrovaya
ELVA stock →Electrovaya Inc. engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America.
Miscellaneous · Industrial Machinery/Components
ASYS vs ELVA FAQ
Which is bigger, Amtech Systems or Electrovaya?
Electrovaya (ELVA) is larger, with a market capitalization of $286.65M compared with $283.81M for Amtech Systems (ASYS).
Which stock has performed better over the past year, ASYS or ELVA?
ASYS returned +65.92% over the past 12 months, compared with -4.07% for ELVA (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ASYS or ELVA?
ELVA has the lower trailing P/E at 57.9, versus 60.0 for ASYS. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Amtech Systems and Electrovaya in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Technology sector.