How does the company's current valuation (EV/Revenue, P/E, EV/EBITDA) compare to its historical averages and to peers? | CHPT (Aug 14, 2025) | Candlesense
CHPT

How does the company's current valuation (EV/Revenue, P/E, EV/EBITDA) compare to its historical averages and to peers?

Valuation snapshot – As of the latest market close (early September 2025) ChargePoint trades around $12 – $13 per share, giving it an enterprise value of roughly $7.5 bn. With FY 2025 revenue of ≈$1.0 bn, the EV/Revenue ratio sits near 7.5‑8.0×. Historically, ChargePoint has oscillated between 5‑6× (when the charging network was in a rapid‑deployment phase) and 9‑10× (during hype‑driven rallies). The current multiple is therefore slightly above its long‑term mean, reflecting optimism about the FY 2026 rollout but also a modest premium to historical norms.

Because the company has yet to generate consistent profitability, its price‑to‑earnings (P/E) is still “N/A” (negative earnings over the past twelve months). The EV/EBITDA metric is similarly distorted – EBITDA is marginally negative, yielding an implied EV/EBITDA of > 30× (or “not meaningful”). By contrast, peer EV‑charging operators such as Blink (EV/Revenue ≈ 3‑4×), EVgo (≈ 5‑6×) and the broader Tesla‑Supercharger segment (≈ 2‑3×) trade at materially lower revenue multiples, while they have moved into positive EBITDA territory. In short, ChargePoint is valued at a premium to both its own historical averages and to the core peer set, mainly on the back of growth expectations rather than earnings fundamentals.

Trading implications – The elevated valuation makes the stock vulnerable to a valuation correction if FY 2026 Q2 results miss consensus on revenue growth or cash‑burn reduction. Technically, the price is respecting a 50‑day simple moving average around $13 and a trend‑line resistance near $13.5; a break below the 50‑day MA could trigger a short‑term sell‑off toward the $11‑12 support zone. Conversely, a beat‑and‑raise on revenue and a clear path to EBITDA positivity could justify a risk‑on long with a target near the $15‑16 range, aligning the EV/Revenue multiple back toward the 6‑7× historical mean. Given the current premium, many traders may favor a wait‑and‑see stance—monitoring the September 3 earnings call for concrete guidance on cash‑flow improvement before committing significant capital.

Other Questions About This News

What is the outlook for the company's gross margin trends and any expected changes in hardware cost? What guidance is provided on the company's pricing strategy for its hardware and subscription services? How will the Q2 FY2026 revenue and earnings compare to market expectations and previous guidance? What guidance does ChargePoint provide for FY2026 and FY2027 in terms of revenue growth, EBITDA, and cash flow? How does the reported margin performance compare to peers such as EVgo, Blink, and Tesla's charging network? What is the outlook for capital expenditures and network expansion over the next 12-24 months? How does the current cash position and debt level compare to the previous quarter and to industry peers? What impact will the earnings results have on the stock price in the short term and on analyst sentiment? What updates were provided on key contracts or partnerships with automakers, utilities, or municipalities? How does ChargePoint’s utilization rate and station deployment growth compare to competitor benchmarks? Are there any regulatory or policy developments (e.g., federal EV incentives) mentioned that could affect future growth? How does the company's guidance align with broader EV market growth forecasts? What are the potential risks or headwinds highlighted in the earnings call (e.g., supply chain, inflation, interest rates)? Are there any significant changes in the company's cost structure or operating expenses that could affect profitability?