NeoVolta Inc.

NEOV
About the company

NeoVolta Inc. designs, manufactures, and sells energy storage systems in the United States. The company provides NV14, NV14-K, and NV 24 energy storage systems, which stores and uses energy through batteries and an inverter at residential or commercial sites; and NV16KAC. It markets and sells its products directly to certified solar installers and solar equipment distributors.

Country: United StatesPrice: $2.84Market Cap: $167.9M

Investment snapshot

6%positive consensus
Scored 1d ago

Positive

1

BUY / PASS

Neutral / negative

1 / 14

NEUTRAL / FAIL

Median fair value

—

No comparable estimates

Models with upside

0 / 17

Positive margin of safety

Strongest signal

8 of 12 pass — Graham, Buffett, Lynch +1 more object

Key risk

All 13 investors flag NEOV's valuation

Framework analysis

VerdictMeaning
BUYPositive purchase signal: the framework's buy requirements are met.
PASSThe company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRALNeither a positive nor negative conclusion. It does not mean to hold an existing position.
FAILThe company does not clear the framework's requirements.
RankedRanked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

MetricGraham

Defensive Value

Buffett

Quality Compounder

Lynch

GARP

Greenblatt

Magic Formula

Piotroski

F-Score

Dreman

Contrarian Value

Munger

Quality Focus

Pabrai

Dhandho Framework

Akre

Three-Legged Stool

Marks

Risk-Aware Value

Ackman

Activist Value

Templeton

Global Bargain Hunter

Sleep

Scale Economies Shared

Asness

Systematic Factors

Neff

Low-P/E Total Return

Schloss

Asset-Value Discipline

O'Shaughnessy

Systematic Factor Composite

VerdictFAILFAILFAILNot rankedFAILFAILFAILFAILFAILFAILFAILFAILPASSFAILFAILFAILNEUTRAL
Score
AnalysisChecking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…
Intrinsic Value (annual)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Margin of SafetyN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Financial Basis

TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Annual history · FY 2025

Latest source filing: 2026-09-23

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-06-30

Latest source filing: 2026-09-23

Score computed: 2026-11-14

Annual history · FY 2025 · Balance sheet at 2026-06-30 · TTM ended 2026-06-30 vs 2025-06-30 · TTM ended 2026-06-30

Latest source filing: 2026-09-23

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2025-09-29

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2025-09-29

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Market data at 2026-11-01

Latest source filing: 2026-09-23

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025 · TTM ended 2026-06-30 · Balance sheet at 2026-06-30

Latest source filing: 2026-09-23

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025

Latest source filing: 2025-09-29

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment · Balance sheet at 2026-06-30

Latest source filing: 2026-09-23

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2025-09-29

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Market data at 2026-11-01

Latest source filing: 2026-09-23

Score computed: 2026-11-14

Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 · Balance sheet at 2026-06-30

Latest source filing: 2026-09-23

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2025-09-29

Score computed: 2026-11-14

TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Price history 2025-01-01–2026-11-01 · Annual history · FY 2025

Latest source filing: 2026-09-23

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2025-09-29

Score computed: 2026-11-14

Annual history · FY 2025 · Balance sheet at 2026-06-30

Latest source filing: 2026-09-23

Score computed: 2026-11-14

TTM ended 2026-06-30 · Annual history · FY 2025 · Price history 2025-01-01–2026-11-01

Latest source filing: 2026-09-23

Score computed: 2026-11-14

Where It Passes

  • Debt & Leverage67% pass✓ 11✗ 4▾

    8 of 12 pass — Graham, Buffett, Lynch +1 more object

    LT Debt vs Net Current Assets
    ✗GrahamLT Debt <= Net Current Assets
    Debt/Equity & Interest CoverageD/E: 0.00, IC: -247.4x
    ✗BuffettD/E < 0.5 AND Interest Coverage > 5x
    Total Debt / Equity0
    ✓Lynch< 0.33
    Cash - Long-term Debt
    ✗LynchPositive preferred
    LT Debt / Total Assets Change0.00% -> 0.00%
    ✓PiotroskiDecreased YoY
    Current Assets / Current Liabilities4.92
    ✓Dreman> 1.5✓SchlossCurrent ratio >= 1.50x (app cutoff)
    Total Debt / Shareholders' Equity0
    ✓Dreman< 0.8✓Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✓SchlossD/E < 1.00x
    Debt Levels0
    ✓MungerDebt/Equity < 0.5✓AkreDebt/Equity < 0.3
    Interest Coverage & Debt/EBITDAIC=-34.5x, D/EBITDA=N/A (D&A unavailable)
    ✗MarksInterest Coverage > 3x; Debt/EBITDA < 4x
    Total Debt / Shareholders Equity0
    ✓Ackman<= 1.0
    Negative debt-to-equity (higher means less debt)-0.0000; #1/4210 (top 0.0%)
    ✓AsnessTop 30% of eligible cross-section

Where It Falls Short

  • Valuation0% pass✗ 28▾

    All 13 investors flag NEOV's valuation

    Price / 3-yr avg EPS
    ✗Graham<= 15x
    Price-to-Book Ratio33.4x
    ✗Graham<= 1.5x
    P/E x P/B
    ✗Graham<= 22.5
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    EBIT / Enterprise Value-2.8%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=-2.8%, ROC=None
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Price / EPS
    ✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
    Price / (CFO / Shares)N/A (negative CFPS)
    ✗Dreman< 8x
    Price / Book Value per Share33.4x
    ✗Dreman< 1.2x✗Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)
    Valuation Reasonableness
    ✗MungerP/E < 25 or Owner Earnings Yield > 5%
    P/E or FCF Yield
    ✗PabraiP/E < 15 or FCF Yield > 10%
    P/B or P/E vs. Historical AverageP/B=33.4x
    ✗MarksP/E < 15 or P/B < 2.0
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Price / FCF per Share
    ✗Ackman<= 25
    Price vs. Trailing Low146% of trailing low ($1.95)
    ✗Templeton<= 120% of trailing low (certified split-adjusted live window)
    Net income / market capitalization-12.79%; #4301/6340 (top 67.8%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Positive book equity / market capitalization+0.2357; #4000/6449 (top 62.0%)
    ✗AsnessTop 30% of eligible cross-section
    Price / Diluted EPS
    ✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
    (EPS CAGR % + Dividend Yield %) / P/E
    ✗Neff> 0.7 (Neff's published traditional edge)
    Price / Tangible Book Value per Share33.39x
    ✗SchlossP/TBV <= 1.00x (app cutoff)
    Book Value per Share Change
    ✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
    Revenue / market capitalization+0.0794; #4431/5247 (top 84.4%)
    ✗OshaughnessyTop 10% of eligible cross-section
    (Operating cash flow - capex) / market capitalization
    ✗OshaughnessyTop 10% of eligible cross-section
    Trailing six-month price return through the evaluation date+45.64%; #718/6202 (top 11.6%)
    ✗OshaughnessyTop 10% of eligible cross-section
  • Cash Flow0% pass✓ 1✗ 11▾

    No clean pass — all 10 investors flag at least one cash flow criterion

    Free Cash Flow Proxy
    ✗BuffettPositive and growing
    FCF Positive and Growing
    ✗LynchPositive and growing
    Operating Cash Flow$-4.4M
    ✗PiotroskiCFO > 0
    (CFO / Total Assets) vs ROACFO/Assets=-65.04%, ROA=-73.98%
    ✓PiotroskiCFO/Assets > ROA
    Price / (CFO / Shares)N/A (negative CFPS)
    ✗Dreman< 8x
    P/E or FCF Yield
    ✗PabraiP/E < 15 or FCF Yield > 10%
    FCF Positive
    ✗MarksPositive FCF in majority of recent years
    (OCF - CapEx) / Market Cap
    ✗Ackman>= 4%
    Price / FCF per Share
    ✗Ackman<= 25
    Positive Operating Cash Flow frequency0/6 years positive
    ✗SleepPositive OCF in >= 70% of available years
    Operating Cash Flow - Capital Expenditures
    ✗Neff> $0 (app proxy for a strong fundamental case)
    (Operating cash flow - capex) / market capitalization
    ✗OshaughnessyTop 10% of eligible cross-section
  • Profitability6% pass✓ 4✗ 31▾

    15 of 16 flag NEOV's profitability — Graham, Buffett, Lynch +12 more

    Positive EPS (10 years)0/7 years positive
    ✗GrahamPositive EPS every year for 10 years
    EPS Growth (3-yr avg, 10-yr window)
    ✗Graham>= 33% growth
    Net Income Positive (10+ years)0/7 years positive
    ✗BuffettPositive every year for 10+ years
    ROE (up to 5-year arithmetic mean)-131.8%
    ✗Buffett> 15% arithmetic mean (app rule)
    Operating Margin (10-yr trend)-56.0% (latest)
    ✓BuffettStable or rising over 10 years
    Free Cash Flow Proxy
    ✗BuffettPositive and growing
    Earnings Variance (10-yr CoV)
    ✗BuffettCoV < 0.3
    Retained Earnings Effectiveness
    ✗Buffett$1 retained -> > $1 market value created
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    ROE-54.3%
    ✗Lynch> 15%
    EBIT / Enterprise Value-2.8%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=-2.8%, ROC=None
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Net Income / Total Assets-73.98%
    ✗PiotroskiROA > 0
    ROA Change YoY-73.98% -> -73.98% (delta: +0.00%)
    ✗PiotroskiCurrent ROA > Prior ROA
    (CFO / Total Assets) vs ROACFO/Assets=-65.04%, ROA=-73.98%
    ✓PiotroskiCFO/Assets > ROA
    Gross Margin Change YoY17.9% -> 17.9%
    ✗PiotroskiImproved YoY
    Pre-Tax Income / Revenue
    ✗Dreman>= 8%
    Net Income / Shareholders' Equity-54.3%
    ✗Dreman> 12%
    Margin of SafetyP/B=33.4x
    ✗PabraiP/B < 1.5 or P/E < 15
    Return on Equity-132.1% (3-yr avg)
    ✗AkreROE > 20% (3-year avg)
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Positive Net Income Frequency0/6 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    Operating Income / Revenue-136.1%
    ✗Ackman>= 15%
    Net Income / Shareholders Equity-54.3%
    ✗Ackman>= 15%
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Operating Margin Trend-88.4% (2023) -> -56.0% (2025)
    ✓TempletonNon-negative operating-margin trend over 3 years
    Revenue growth vs. gross and operating margin trendgross margin 19.3% -> 17.9%, operating margin -88.4% -> -56.0%
    ✓SleepRevenue rising; gross margin flat or falling; operating margin holding
    Net income / market capitalization-12.79%; #4301/6340 (top 67.8%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Gross profit / total assets+3.99%; #3155/3702 (top 85.2%)
    ✗AsnessTop 30% of eligible cross-section
    Net income / positive book equity-54.26%; #4259/5226 (top 81.5%)
    ✗AsnessTop 30% of eligible cross-section
    Negative 5-year standard deviation of ROA-0.3508; #4701/5884 (top 79.9%)
    ✗AsnessTop 30% of eligible cross-section
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
    Positive Diluted-EPS Years0/6 years positive
    ✗Schloss>= 70% positive over 5-10 observed years (app rule)
  • Verdicts7% pass✓ 1✗ 14▾

    Split decision: 14 FAIL · 1 PASS · 1 NEUTRAL

    Overall verdict
    ✗GrahamFAIL (1/9)✗BuffettFAIL (1/9)✗LynchFAIL (2/7)•GreenblattNot ranked✗PiotroskiFAIL (F-Score 3)✗DremanFAIL (2/11)✗MungerFAIL (1/4)✗PabraiFAIL (0/3)✗AkreFAIL (1/6)✗MarksFAIL (0/5)✗AckmanFAIL (2/9)✗TempletonFAIL (3/8)✓SleepPASS (3/6)✗AsnessFAIL (Rank #2162/2370 (Top 91.2%))✗NeffFAIL (1/6)✗SchlossFAIL (2/7)•OshaughnessyNEUTRAL (Not ranked)
  • Growth13% pass✓ 3✗ 10▾

    7 of 8 flag NEOV's growth — Graham, Lynch, Dreman +4 more

    EPS Growth (3-yr avg, 10-yr window)
    ✗Graham>= 33% growth
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    Inventory Growth vs Revenue GrowthInv: -0.2% vs Rev: 58.2%
    ✓LynchInventory growth < Revenue growth
    EPS Growth Direction
    ✗DremanPositive over recent years
    EPS CAGR
    ✗Dreman> 5% annualized
    Positive Net Income Frequency0/6 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    3yr Median Revenue Growth0.0%
    ✗Ackman>= 5%
    Positive EPS Growth Frequency
    ✗AckmanPositive EPS growth in >= 3 of last 5 years
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Revenue growth vs. gross and operating margin trendgross margin 19.3% -> 17.9%, operating margin -88.4% -> -56.0%
    ✓SleepRevenue rising; gross margin flat or falling; operating margin holding
    5-year Revenue CAGR11.8%
    ✓SleepCAGR > 7%
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
  • Efficiency25% pass✓ 2✗ 9▾

    6 of 8 flag NEOV's efficiency — Buffett, Greenblatt, Piotroski +3 more

    Current Ratio4.92
    ✓Graham>= 2.0
    ROIC (3-5 yr avg)-95.1%
    ✗Buffett> 10%
    ROIC - WACC-105.1%
    ✗BuffettPositive (WACC = 10%)
    EBIT / (NWC + Net Fixed Assets)
    ✗Greenblatt> 25%
    Current Ratio Change YoY1.90 -> 1.90
    ✗PiotroskiIncreased YoY
    Revenue / Total Assets Change YoY1.24x -> 1.24x
    ✗PiotroskiImproved YoY
    Current Assets / Current Liabilities4.92
    ✓Dreman> 1.5
    Return on Invested Capital-36.2%
    ✗Munger> 15%
    ROIC (high and growing)FY2023: ROIC=-40.2%; FY2024: ROIC=-113.1%; FY2025: ROIC=unavailable
    ✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
    Reinvestment Rate x ROIC
    ✗AkreReinvestment Rate * ROIC > 10%
    ROIC (5-year)0/4 years above 12% (latest -113.1%)
    ✗SleepROIC > 12% in a majority of years

Business & financials

Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.

Company Profile

Industry: Electrical Equipment
SIC Sector: Electronic & Electrical Equipment
Size: Micro Cap($167.9M)
Revenue: $8.4M+0.0% YoY
Net Income: $5.0M+0.0% YoY

Financial Snapshot

Operating Margin-56.0%
Return on Equity-173.0%
Debt / Equity--
Current Ratio1.90
EPS (Diluted)$-0.15
Shares Retired−0.3% / −2.9% 2y

Similar Companies

GEGENERAL ELECTRIC CO
$342.9B
ABBNYABB LTD
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EMREMERSON ELECTRIC CO
$91.3B
WWDWoodward, Inc.
$19.5B

Shareholder Return

Fiscal 2025

Issued 0.3% of shares last year, 2.9% issued over two.

Buybacks
—
Dividends
—

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.

MetricTTM · 2026-09-30

2025-10-01 – 2026-09-30

Sources · derived quarter values

Derived from cumulative filings: operating cash flow, revenue, net income, operating income, gross profit, ebit, interest expense, depreciation amortization.

Q1 FY 2027

2026-07-01 – 2026-09-30

Sources
FY 2025
Sources
  • 10-K · 2025-09-29
FY 2024
Sources
  • 10-K · 2025-09-29
FY 2023
Sources
  • 10-K · 2024-09-27
FY 2022
Sources
  • 10-K · 2023-09-22
FY 2021
Sources
  • 10-K · 2022-09-27
Market Cap$167.9Mcurrent--$144.0Mest.$123.9Mest.$50.5Mest.$73.3Mest.$134.9Mest.
Revenue$9.5M↓35%$2.8M↓58%$8.4M$8.4M↑219%$2.6M↓23%$3.5M↓23%$4.5M
Operating Income-$24.6M↓434%-$7.3M↓756%-$4.7M-$4.7M↓102%-$2.3M↑11%-$2.6M↑54%-$5.8M
Net Income-$28.0M↓426%-$7.7M↓522%-$5.0M-$5.0M↓119%-$2.3M↑13%-$2.6M↑55%-$5.8M
EPS (Diluted)--$-0.13↓225%$-0.15$-0.15↓114%$-0.07↑12%$-0.08↑71%$-0.28
Gross Margin16.7%↓19%36.5%↑54%17.9%17.9%↓7%19.3%↓3%19.9%↑33%14.9%
Operating Margin-259.8%↓717%-262.6%↓1944%-56.0%-56.0%↑37%-88.4%↓16%-76.3%↑41%-128.7%
ROE-75.2%↑70%—-173.0%-173.0%↓245%-50.1%↓23%-40.8%↑82%-221.8%
Total Debt$20.0M↑3057%$20.0M↑3057%--$383.5K$0$0↓100%$1.1M
Shareholders' Equity$37.2M↑1643%$37.2M↑1643%$2.9M$2.9M↓37%$4.6M↓29%$6.5M↑147%$2.6M
Current Ratio1.46↓1%1.46↓1%1.901.90↓98%76.21↓54%164.74↑5708%2.84
Debt / Equity0.54↑81%0.54↑81%—0.130.000.00↓100%0.43
Operating Cash Flow-$19.3M↓205%-$6.6M↓165%-$4.4M-$4.4M↓335%-$1.0M↑52%-$2.1M↓81%-$1.2M
Free Cash Flow--------------

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Electrical Equipment

NEOV vs Peers — Financial Grading

Revenue$8.4MBottom 25%
Net Income$5.0MBottom 25%
ROE-173.0%Bottom 25%
D/E—
Op. Margin-56.0%Bottom 25%
Curr. Ratio1.90Median
CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroskiDreman
GENERAL ELECTRIC COGE$342.9B$331.81$45.9B$8.7B46.6%1.1018.6%1.042/91/93/70/3F-Score 53/11
ABB LTDABBNY$151.6B$83.75$32.2B$3.8B28.5%0.5815.1%1.181/94/94/71/3F-Score 85/11
EMERSON ELECTRIC COEMR$91.3B$166.38$18.0B$2.3B11.3%0.65—0.884/93/92/70/3F-Score 75/11
Woodward, Inc.WWD$19.5B$329.86$3.6B$442.1M17.2%0.23—2.083/92/95/71/3F-Score 87/11
ACUITY INC. (DE)AYI$9.9B$330.53$4.3B$396.6M14.6%0.3313.0%1.953/96/96/71/3F-Score 55/11
LITTELFUSE INC /DELFUS$9.8B$387.64$2.4B$71.7M-3.0%0.331.6%2.695/92/94/70/3F-Score 54/11
CAE INCCAE$8.9B$27.93$3.3B$283.2M8.3%0.6315.5%0.801/91/92/71/3F-Score 63/11
Forgent Power Solutions, Inc.FPS$6.7B$22.12————————————