What is Energy Vault Holdings's price / book?

Energy Vault Holdings (NRGV) reported price / book of 18.7× in Q1 2026.

How has Energy Vault Holdings's price / book changed year-over-year?

Energy Vault Holdings's price / book increased by 1921.5% year-over-year, from 0.9× to 18.7×.

What is the long-term trend for Energy Vault Holdings's price / book?

Over 3 years (2022 to 2025), Energy Vault Holdings's price / book has grown at a 96.6% compound annual growth rate (CAGR), from 1.5× to 11.5×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

Energy Vault Holdings NRGV Price / book

Price / book at other companies

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16.6×+5.4×

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5×+3.3×

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1.1×+0.2×

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Shoals Technologies Group, Inc.SHLS

1.8×+0.8×

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Other financials

Income statement

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Revenue$21.9M+156%

Gross profit$4.8M-1.8%

Operating income-$24.2M-15.8%

Net income-$32.5M-53.7%

EPS (diluted)-$0.20-42.9%

Balance sheet

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Cash & equivalents$117.1M+148%

Total debt$211.4M+643%

Total equity$30.5M-73.5%

Total assets$298.0M+37.1%

Cash flow

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Operating cash flow-$53.8M-1,871%

CapEx$7.1M+4.1%

Free cash flow-$60.9M-540%

Valuation

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Market cap$759.33M+502%

Enterprise value$853.62M+695%

P/S3.5×+0.8×

Profitability

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Gross margin22.1%+2.9pp

Operating margin-35.8%-16.6pp

Net margin-53%-23.8pp

FCF margin-247.8%—

Returns & leverage

See full

Return on equity-158.2%+1,524pp

Debt / equity6.9×+6.7×

Current ratio1.4×+0.6×

Where this comes from

Calculated from Energy Vault Holdings’s reported figures.

market cap/total stockholders equity=18.7×

Based on the most recent quarter.

The official record: Energy Vault Holdings’s 10-Q, filed May 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Energy Vault Holdings's price / book?: Energy Vault Holdings (NRGV) reported price / book of 18.7× in Q1 2026.
How has Energy Vault Holdings's price / book changed year-over-year?: Energy Vault Holdings's price / book increased by 1921.5% year-over-year, from 0.9× to 18.7×.
What is the long-term trend for Energy Vault Holdings's price / book?: Over 3 years (2022 to 2025), Energy Vault Holdings's price / book has grown at a 96.6% compound annual growth rate (CAGR), from 1.5× to 11.5×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.