EH PE Ratio & Valuation,Is EH Overvalued

EH Relative Valuation

EH's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, EH is overvalued; if below, it's undervalued.

Historical Valuation

EHang Holdings Ltd (EH) is now in the Fair zone, suggesting that its current forward PS ratio of 8.64 is considered Fairly compared with the five-year average of -52.32. The fair price of EHang Holdings Ltd (EH) is between 13.10 to 18.00 according to relative valuation methord.

Relative Value

Fair Zone

13.10-18.00

Current Price：14.10

Fair

-73.15

-81.73

EV/EBITDA

EHang Holdings Ltd. (EH) has a current EV/EBITDA of -81.73. The 5-year average EV/EBITDA is -52.92. The thresholds are as follows: Strongly Undervalued below -145.63, Undervalued between -145.63 and -99.28, Fairly Valued between -6.57 and -99.28, Overvalued between -6.57 and 39.78, and Strongly Overvalued above 39.78. The current Forward EV/EBITDA of -81.73 falls within the Historic Trend Line -Fairly Valued range.

-35.20

EV/EBIT

EHang Holdings Ltd. (EH) has a current EV/EBIT of -35.20. The 5-year average EV/EBIT is -10.89. The thresholds are as follows: Strongly Undervalued below -243.22, Undervalued between -243.22 and -127.05, Fairly Valued between 105.28 and -127.05, Overvalued between 105.28 and 221.44, and Strongly Overvalued above 221.44. The current Forward EV/EBIT of -35.20 falls within the Historic Trend Line -Fairly Valued range.

8.64

EHang Holdings Ltd. (EH) has a current PS of 8.64. The 5-year average PS is 34.72. The thresholds are as follows: Strongly Undervalued below -46.94, Undervalued between -46.94 and -6.11, Fairly Valued between 75.55 and -6.11, Overvalued between 75.55 and 116.38, and Strongly Overvalued above 116.38. The current Forward PS of 8.64 falls within the Historic Trend Line -Fairly Valued range.

498.01

P/OCF

EHang Holdings Ltd. (EH) has a current P/OCF of 498.01. The 5-year average P/OCF is 26.72. The thresholds are as follows: Strongly Undervalued below -185.22, Undervalued between -185.22 and -79.25, Fairly Valued between 132.69 and -79.25, Overvalued between 132.69 and 238.66, and Strongly Overvalued above 238.66. The current Forward P/OCF of 498.01 falls within the Strongly Overvalued range.

-22.14

P/FCF

EHang Holdings Ltd. (EH) has a current P/FCF of -22.14. The 5-year average P/FCF is 15.69. The thresholds are as follows: Strongly Undervalued below -479.40, Undervalued between -479.40 and -231.86, Fairly Valued between 263.23 and -231.86, Overvalued between 263.23 and 510.77, and Strongly Overvalued above 510.77. The current Forward P/FCF of -22.14 falls within the Historic Trend Line -Fairly Valued range.

EHang Holdings Ltd (EH) has a current Price-to-Book (P/B) ratio of 7.03. Compared to its 3-year average P/B ratio of 29.28 , the current P/B ratio is approximately -75.99% higher. Relative to its 5-year average P/B ratio of 26.64, the current P/B ratio is about -73.60% higher. EHang Holdings Ltd (EH) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of -0.47%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of -0.60% , the current FCF yield is about -100.00% lower.

7.03

P/B

Median3y

29.28

Median5y

26.64

0.00

FCF Yield

Median3y

-0.47

Median5y

-0.60

Competitors Valuation Multiple

The average P/S ratio for EH's competitors is 3.95, providing a benchmark for relative valuation. EHang Holdings Ltd Corp (EH) exhibits a P/S ratio of 8.64, which is 118.73% above the industry average. Given its robust revenue growth of -27.83%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of EH decreased by 10.45% over the past 1 year. The primary factor behind the change was an decrease in Margin Expansion from -37.57 to -88.80.

The secondary factor is the Revenue Growth, contributed -27.83%to the performance.

Overall, the performance of EH in the past 1 year is driven by Margin Expansion. Which is more sustainable.

-27.83%

128.13M → 92.47M

Revenue Growth

136.36%

-37.57 → -88.80

Margin Expansion

-118.98%

131.86 → -25.03

P/E Change

-10.45%

15.75 → 14.10

Mkt Cap Growth

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Frequently Asked Questions

Is EHang Holdings Ltd (EH) currently overvalued or undervalued?

What is EHang Holdings Ltd (EH) fair value?

EH's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of EHang Holdings Ltd (EH) is between 13.10 to 18.00 according to relative valuation methord.

How does EH's valuation metrics compare to the industry average?

What is the current P/B ratio for EHang Holdings Ltd (EH) as of Dec 15 2025?

As of Dec 15 2025, EHang Holdings Ltd (EH) has a P/B ratio of 7.03. This indicates that the market values EH at 7.03 times its book value.

What is the current FCF Yield for EHang Holdings Ltd (EH) as of Dec 15 2025?

As of Dec 15 2025, EHang Holdings Ltd (EH) has a FCF Yield of 0.00%. This means that for every dollar of EHang Holdings Ltd’s market capitalization, the company generates 0.00 cents in free cash flow.

What is the current Forward P/E ratio for EHang Holdings Ltd (EH) as of Dec 15 2025?

As of Dec 15 2025, EHang Holdings Ltd (EH) has a Forward P/E ratio of -73.15. This means the market is willing to pay $-73.15 for every dollar of EHang Holdings Ltd’s expected earnings over the next 12 months.

What is the current Forward P/S ratio for EHang Holdings Ltd (EH) as of Dec 15 2025?

As of Dec 15 2025, EHang Holdings Ltd (EH) has a Forward P/S ratio of 8.64. This means the market is valuing EH at $8.64 for every dollar of expected revenue over the next 12 months.

EH Valuation