Enovix Corporation
3.20xPrice / tangible book
Market cap
$728.57M
Tangible equity
$227.36M
Price / tangible book
3.20x
Price / book
2.69x
Return on equity
-57.8%
Return on assets
-17.8%
Efficiency ratio
—
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: ENVX stock price at discount vs AXP $3.32 current versus $8.00 implied using P/TBV multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at AXP's multiple
Implied fair value · at ENVX's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Filter, sort, and scan the equity metrics that matter most for banks: book value, tangible book, returns, and operating efficiency.
Multiple discount
Multiple discount
Profitability lag
Asset efficiency lag
Lower is better
Statements
Bank-focused income statement and equity metrics aligned to the reporting windows.
SEC periods: ENVX FY 2025 (ended Dec 28, 2025) · AXP FY 2025 (ended Dec 31, 2025). Fiscal years are not aligned.
Trendline
Eight fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Tangible book and profitability anchor a bank, not enterprise value.
Deposits and cash-like balances distort enterprise value for banks, so this section reads equity value, tangible book and profitability instead.
Price / tangible book
Market cap
$728.57M
Tangible equity
$227.36M
Price / tangible book
3.20x
Price / book
2.69x
Return on equity
-57.8%
Return on assets
-17.8%
Efficiency ratio
—
Price / tangible book
Market cap
$220.26B
Tangible equity
$28.51B
Price / tangible book
7.73x
Price / book
6.58x
Return on equity
32.4%
Return on assets
3.6%
Efficiency ratio
66.1%
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Enovix Corporation · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
AMERICAN EXPRESS CO · implied price per share
Bank model off — standard DCF modelling is disabled for financial institutions.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
1.95x
1.73x
Net debt / EBITDA
Leverage against operating earnings
-0.15x
2.61x
Cash and equivalents
Liquid reserves on the balance sheet
$512.04M
$742.00M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider banking comparable set.
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