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SES AI Valuation Multiples
Discover revenue and EBITDA valuation multiples for SES AI and similar public comparables like Energy Vault, ADS-TEC Energy, FTAI Infrastructure, Microvast and more.
SES AI Overview
About SES AI
SES AI Corp is a developer and manufacturer of high-performance, AI-enhanced Lithium-Metal (Li-Metal) and Lithium-ion (Li-ion) rechargeable battery technologies for electric vehicles (EVs), Urban Air Mobility (UAM), drones, robotics, Battery Energy Storage Systems (BESS) and other applications. It includes Software and Hardware products that are EV, UAM, Drone, Molecular Universe, and Avatar.
Founded
2022
HQ
Employees
250
Website
Sectors
Financials (LTM)
EV
$402M
SES AI Financials
SES AI reported last 12-month revenue of $24M and negative EBITDA of ($65M).
In the same LTM period, SES AI generated $10M in gross profit, ($65M) in EBITDA losses, and had net loss of ($69M).
Revenue (LTM)
SES AI P&L
In the most recent fiscal year, SES AI reported revenue of $21M and EBITDA of ($67M).
SES AI expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $24M | XXX | $21M | XXX | XXX | XXX |
| Gross Profit | $10M | XXX | $11M | XXX | XXX | XXX |
| Gross Margin | 42% | XXX | 54% | XXX | XXX | XXX |
| EBITDA | ($65M) | XXX | ($67M) | XXX | XXX | XXX |
| EBITDA Margin | (273%) | XXX | (320%) | XXX | XXX | XXX |
| EBIT Margin | (336%) | XXX | (393%) | XXX | XXX | XXX |
| Net Profit | ($69M) | XXX | ($73M) | XXX | XXX | XXX |
| Net Margin | (291%) | XXX | (348%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
SES AI Stock Performance
SES AI has current market cap of $606M, and enterprise value of $402M.
Market Cap Evolution
SES AI's stock price is $1.66.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $402M | $606M | 0.0% | XXX | XXX | XXX | $-0.20 |
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Start Free TrialSES AI Valuation Multiples
SES AI trades at 16.9x EV/Revenue multiple, and (6.2x) EV/EBITDA.
EV / Revenue (LTM)
SES AI Financial Valuation Multiples
As of April 2, 2026, SES AI has market cap of $606M and EV of $402M.
Equity research analysts estimate SES AI's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
SES AI has a P/E ratio of (8.8x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $606M | XXX | $606M | XXX | XXX | XXX |
| EV (current) | $402M | XXX | $402M | XXX | XXX | XXX |
| EV/Revenue | 16.9x | XXX | 19.2x | XXX | XXX | XXX |
| EV/EBITDA | (6.2x) | XXX | (6.0x) | XXX | XXX | XXX |
| EV/EBIT | (5.0x) | XXX | (4.9x) | XXX | XXX | XXX |
| EV/Gross Profit | 40.7x | XXX | 35.6x | XXX | XXX | XXX |
| P/E | (8.8x) | XXX | (8.3x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (6.6x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified SES AI Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
SES AI Margins & Growth Rates
SES AI's revenue in the last 12 month grew by 72%.
SES AI's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.4M for the same period.
SES AI's rule of 40 is (127%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
SES AI's rule of X is (49%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
SES AI Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 72% | XXX | 52% | XXX | XXX | XXX |
| EBITDA Margin | (273%) | XXX | (320%) | XXX | XXX | XXX |
| EBITDA Growth | (13%) | XXX | (14%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | (127%) | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (49%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 124% | XXX | 128% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 263% | XXX | 319% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 447% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
SES AI Public Comps
See public comps and valuation multiples for other Energy Storage comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Energy Vault | XXX | XXX | XXX | XXX | XXX | XXX |
| ADS-TEC Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| FTAI Infrastructure | XXX | XXX | XXX | XXX | XXX | XXX |
| Microvast | XXX | XXX | XXX | XXX | XXX | XXX |
| American Battery Tech | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
SES AI M&A Activity
SES AI acquired XXX companies to date.
Last acquisition by SES AI was on XXXXXXXX, XXXXX. SES AI acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by SES AI
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSES AI Investment Activity
SES AI invested in XXX companies to date.
SES AI made its latest investment on XXXXXXXX, XXXXX. SES AI invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by SES AI
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout SES AI
| When was SES AI founded? | SES AI was founded in 2022. |
| Where is SES AI headquartered? | SES AI is headquartered in United States. |
| How many employees does SES AI have? | As of today, SES AI has over 250 employees. |
| Who is the CEO of SES AI? | SES AI's CEO is Qichao Hu. |
| Is SES AI publicly listed? | Yes, SES AI is a public company listed on NYSE. |
| What is the stock symbol of SES AI? | SES AI trades under SES ticker. |
| When did SES AI go public? | SES AI went public in 2022. |
| Who are competitors of SES AI? | SES AI main competitors are Energy Vault, ADS-TEC Energy, FTAI Infrastructure, Microvast. |
| What is the current market cap of SES AI? | SES AI's current market cap is $606M. |
| What is the current revenue of SES AI? | SES AI's last 12 months revenue is $24M. |
| What is the current revenue growth of SES AI? | SES AI revenue growth (NTM/LTM) is 72%. |
| What is the current EV/Revenue multiple of SES AI? | Current revenue multiple of SES AI is 16.9x. |
| Is SES AI profitable? | No, SES AI is not profitable. |
| What is the current EBITDA of SES AI? | SES AI has negative EBITDA and is not profitable. |
| What is SES AI's EBITDA margin? | SES AI's last 12 months EBITDA margin is (273%). |
| What is the current EV/EBITDA multiple of SES AI? | Current EBITDA multiple of SES AI is (6.2x). |
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