Electrovaya (ELVA) vs M-tron Industries (MPTI)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
M-tron Industries (MPTI) has outperformed Electrovaya (ELVA) over the past year, gaining 31.4% versus a loss of 11.6%. M-tron Industries is the larger company by market cap ($317.5 million vs $286.6 million), about 1.1 times the size. On valuation, Electrovaya trades at a lower forward P/E (21.1x vs 25.1x for M-tron Industries).
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 | ELVA | MPTI |
|---|---|---|
| Share price | $5.79 | $73.04 |
| Market cap | $286.65M | $317.47M |
| 1-day change | -9.11% | -1.68% |
| YTD return | -26.71% | +37.24% |
| 1-year return | -11.60% | +31.39% |
| 5-year return | +6.24% | — |
| P/E ratio (TTM) | 57.90 | 28.64 |
| Forward P/E | 21.13 | 25.06 |
| EPS (TTM) | $0.10 | $2.55 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $12.78 | $104.85 |
| 52-week low | $4.10 | $43.55 |
| Distance from 52-week high | -54.69% | -30.34% |
| Analyst consensus | strong_buy | none |
| Avg. price target upside | +152.16% | +21.85% |
| Average volume | 1.03M | 159.11K |
| Shares outstanding | 49.51M | 4.35M |
| Employees | — | 239 |
| Sector | Miscellaneous | Technology |
| 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
- MPTI has outperformed ELVA by 43.0 percentage points over the past year.
- Electrovaya trades at a higher earnings multiple (57.9x vs 28.6x trailing P/E).
- The two companies sit in different sectors: Electrovaya in Miscellaneous and M-tron Industries in Technology.
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
About M-tron Industries
MPTI stock →M-tron Industries, Inc. designs, manufactures, and markets frequency and spectrum control products to control the frequency and timing of signals in electronic circuits in the United States and internationally.
Technology · Industrial Machinery/Components · 239 employees
ELVA vs MPTI FAQ
Which is bigger, Electrovaya or M-tron Industries?
M-tron Industries (MPTI) is larger, with a market capitalization of $317.47M compared with $286.65M for Electrovaya (ELVA).
Which stock has performed better over the past year, ELVA or MPTI?
MPTI returned +31.39% over the past 12 months, compared with -11.60% for ELVA (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ELVA or MPTI?
MPTI has the lower trailing P/E at 28.6, versus 57.9 for ELVA. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Electrovaya and M-tron Industries in the same industry?
Yes. Both are classified in the Industrial Machinery/Components industry within the Miscellaneous sector.