## EHang Valuation Overview (as of May 2025)
**EHang Holdings Limited (NASDAQ: EH)** is a prominent company in the urban air mobility sector, focusing on autonomous aerial vehicles. Below is a comprehensive summary of its current valuation metrics based on the latest available data.
### Key Valuation Metrics
| Metric | Value (Latest) | Notes |
|——————–|——————–|—————————————————-|
| Market Capitalization | ~$1.2 billion | As of April 24, 2025[5] |
| Enterprise Value (EV) | ~$1.0 billion | As of April 24, 2025[5]; another recent source lists ~$1.23 billion[4] |
| Price/Book Ratio | 8.64 | Indicates a high valuation relative to book equity[4] |
| Price/Sales Ratio | 3.56 | Reflects valuation relative to revenue[4] |
| EV/Revenue (LTM) | 12.6x | Last twelve months; high for sector[5] |
| EV/Revenue (2024) | 2.3x | More recent fiscal year[5] |
| EV/EBITDA (LTM) | -55.7x | Indicates negative EBITDA[5] |
| EV/EBITDA (2024E) | -5.2x | Forward estimate (still negative)[5] |
| P/E (2024E) | -5.1x | Negative, reflecting current losses[5] |
### Recent Funding and Historical Valuation
– EHang raised $22 million in a PIPE round in November 2024[3].
– Its valuation in December 2019 was $680 million[3].
– The company has raised a total of $52.85 million over 10 funding rounds[3].
– Reported 2023 revenue was $16.34 million (the “$16.25T” stated in [3] is likely a typographical error and should be “$16.25M”)[3].
### Valuation Trends
– Market capitalization and enterprise value have fluctuated significantly over recent years, reflecting industry volatility, regulatory developments, and investor sentiment regarding the emerging eVTOL (electric Vertical Take-Off and Landing) market[4].
– As of 2024 and into 2025, valuation multiples such as EV/Revenue have compressed compared to previous years, likely due to increased scrutiny over growth, profitability, and competitive landscape[5].
### Peer Comparison
EHang generally trades at higher EV/Revenue multiples than several urban air mobility peers, reflecting its status as an early mover and the speculative nature of the sector[5].
### Summary Table: 2024–2025 Select Valuations
| Metric | 2024 Actual | 2025 Estimated |
|————-|———————|———————–|
| Market Cap | $1.2B | [current as of Apr 2025][5] |
| EV | $1.0B – $1.23B | [current as of Apr 2025][5][4] |
| EV/Revenue | 2.3x – 12.6x | Not specified for 2025[5] |
| EV/EBITDA | -5.2x – -55.7x | Negative[5] |
| P/E | -5.1x | Negative[5] |
## Conclusion
EHang’s current valuation underscores both the promise and risk of the urban air mobility sector. The company remains unprofitable with negative EBITDA and earnings, but investors continue to attribute a substantial market cap and revenue multiples reflecting expectations for long-term growth and industry leadership[5][4].