JOBY Valuation

Joby Aviation Inc

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16.320

-1.02(-5.882%)1D

JOBY Relative Valuation

JOBY'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, JOBY is overvalued; if below, it's undervalued.

Historical Valuation

Joby Aviation Inc (JOBY) is now in the Fair zone, suggesting that its current forward PS ratio of 17.34 is considered Fairly compared with the five-year average of -10.73. The fair price of Joby Aviation Inc (JOBY) is between to according to relative valuation methord.

Relative Value

Fair Zone

Current Price：15.67

Fair

-26.72

Trailing

Forward

-28.72

EV/EBITDA

Joby Aviation Inc. (JOBY) has a current EV/EBITDA of -28.72. The 5-year average EV/EBITDA is -9.11. The thresholds are as follows: Strongly Undervalued below -21.94, Undervalued between -21.94 and -15.52, Fairly Valued between -2.69 and -15.52, Overvalued between -2.69 and 3.72, and Strongly Overvalued above 3.72. The current Forward EV/EBITDA of -28.72 falls within the Strongly Undervalued range.

-22.46

EV/EBIT

Joby Aviation Inc. (JOBY) has a current EV/EBIT of -22.46. The 5-year average EV/EBIT is -7.62. The thresholds are as follows: Strongly Undervalued below -19.09, Undervalued between -19.09 and -13.35, Fairly Valued between -1.88 and -13.35, Overvalued between -1.88 and 3.85, and Strongly Overvalued above 3.85. The current Forward EV/EBIT of -22.46 falls within the Strongly Undervalued range.

17.34

Joby Aviation Inc. (JOBY) has a current PS of 17.34. The 5-year average PS is 2529.44. The thresholds are as follows: Strongly Undervalued below -11183.47, Undervalued between -11183.47 and -4327.01, Fairly Valued between 9385.89 and -4327.01, Overvalued between 9385.89 and 16242.35, and Strongly Overvalued above 16242.35. The current Forward PS of 17.34 falls within the Historic Trend Line -Fairly Valued range.

-31.19

P/OCF

Joby Aviation Inc. (JOBY) has a current P/OCF of -31.19. The 5-year average P/OCF is -9.47. The thresholds are as follows: Strongly Undervalued below -22.48, Undervalued between -22.48 and -15.98, Fairly Valued between -2.97 and -15.98, Overvalued between -2.97 and 3.53, and Strongly Overvalued above 3.53. The current Forward P/OCF of -31.19 falls within the Strongly Undervalued range.

-28.17

P/FCF

Joby Aviation Inc. (JOBY) has a current P/FCF of -28.17. The 5-year average P/FCF is -7.70. The thresholds are as follows: Strongly Undervalued below -19.56, Undervalued between -19.56 and -13.63, Fairly Valued between -1.77 and -13.63, Overvalued between -1.77 and 4.16, and Strongly Overvalued above 4.16. The current Forward P/FCF of -28.17 falls within the Strongly Undervalued range.

Joby Aviation Inc (JOBY) has a current Price-to-Book (P/B) ratio of 16.42. Compared to its 3-year average P/B ratio of 5.55 , the current P/B ratio is approximately 195.61% higher. Relative to its 5-year average P/B ratio of 3.86, the current P/B ratio is about 325.24% higher. Joby Aviation Inc (JOBY) has a Forward Free Cash Flow (FCF) yield of approximately -3.22%. Compared to its 3-year average FCF yield of -8.50%, the current FCF yield is approximately -62.09% lower. Relative to its 5-year average FCF yield of -8.73% , the current FCF yield is about -63.08% lower.

16.42

P/B

Median3y

5.55

Median5y

3.86

-3.22

FCF Yield

Median3y

-8.50

Median5y

-8.73

Competitors Valuation Multiple

The average P/S ratio for JOBY's competitors is 175.23, providing a benchmark for relative valuation. Joby Aviation Inc Corp (JOBY) exhibits a P/S ratio of 17.34, which is -90.10% above the industry average. Given its robust revenue growth of -46.43%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Kratos Defense and Security Solutions Inc

Huntington Ingalls Industries Inc

Performance Decomposition

Market capitalization of JOBY increased by 82.35% over the past 1 year. The primary factor behind the change was an decrease in Margin Expansion from -440.33K to -2.16M.

The secondary factor is the Revenue Growth, contributed -46.43%to the performance.

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

-46.43%

28.00K → 15.00K

Revenue Growth

391.56%

-440.33K → -2.16M

Margin Expansion

-262.78%

9.99 → -16.27

P/E Change

82.35%