# Elevra Lithium Limited share price today (Elevra Lithium Limited, ELVR)

> Elevra Lithium Limited's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. ELVR · Materials · Other Industrial Metals & Mining · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/elvr

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## Key numbers

- Price: $22.25 (−21.2% in a year)
- P/E: 8.2×, against its own history
- Revenue (Jun 2026): $116 M (+77.5% on a year ago)
- Profit (Jun 2026): −$29.6 M
- Operating margin: 44.5% (+159.9 points on a year ago)
- ROE: 6%, FY26

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the Elevra Lithium Limited share price today? Elevra Lithium Limited's share price was $22.25 at the close on 3 November 2026. That is 62.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between $22 and $98, and at that close it was at the low of that range. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 18 weeks running. Over the last 1 year the share price moved +0% while the S&P 500 moved +17%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 2 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Elevra Lithium Limited pay? Elevra Lithium Limited pays no dividend. In the last 8 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Elevra Lithium Limited on? Elevra Lithium Limited is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Elevra Lithium Limited profitable? Elevra Lithium Limited posted a net loss of $29.6 M in the Jun 2026 quarter. Full-year FY26 profit was $43.1 M. That loss is 25.6% of the quarter's revenue. The same quarter a year earlier lost $48.1 M. 6 of the last 8 reported quarters were loss-making. ## How much revenue does Elevra Lithium Limited make, and is it growing? Elevra Lithium Limited reported $116 M of revenue in the Jun 2026 quarter, +77.5% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 2 years it has grown 22.7% a year on average. The last full year, FY26, came in at $202 M. FY26 revenue was $202 M, +38.9% on the year before. Recent pace: the last four quarters grew +25.7% on average, against 22.7% a year over the longer run, so this year is growing faster than its own long-run rate. ## How much of every $100 of sales does Elevra Lithium Limited keep? Elevra Lithium Limited's operating margin was 44.5% in the Jun 2026 quarter, 159.9 percentage points higher than the same quarter a year ago. Over the last four quarters it has moved +145.1 percentage points. Across 3 years it has been between −79.5% and 23.0%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +145.1 percentage points on the year while gross margin changed −8.3 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Elevra Lithium Limited's profit turning into cash? Elevra Lithium Limited's cash-flow history is too short to judge how much of its profit turns into cash. In FY26 its operations used $43.6 M of cash, against $43.1 M of profit. After $24.5 M of spending on assets, free cash was −$68.1 M: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Elevra Lithium Limited's cash go? Elevra Lithium Limited does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $144 M on assets over the last 3 years. Averaged over those years that is 23.7% of FY26 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $144 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Elevra Lithium Limited's P/E ratio, and how does it compare with its own history? Elevra Lithium Limited's P/E is 8.2×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Elevra Lithium Limited business getting better or worse? Elevra Lithium Limited's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 4 quarters of 1 measure, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Elevra Lithium Limited earn on its capital? Elevra Lithium Limited earned a ROE of 6% in FY26. That is up from a low of −61% in FY25. Its return on capital used (ROIC) is 1.2 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 21.3% net margin and 0.22× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 21.3% net margin × 0.22× asset turnover × 1.24× leverage (assets divided by equity) ≈ 5.8% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 8.1% − 9.3% = −1.2 percentage points. The 9.3% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 8.1% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 10.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Elevra Lithium Limited have too much debt? Elevra Lithium Limited has total debt of $78.1 M against shareholder equity of $727 M as of Jun 2026, so its debt is 0.11× its equity, which is very little. Year by year, that ratio went from 0.04 in FY22 to 0.11 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Elevra Lithium Limited shareholding pattern? We have no ownership or short-position figures for Elevra Lithium Limited, so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 4.0 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. ## How far is Elevra Lithium Limited from balance-sheet trouble? For Elevra Lithium Limited, the Z-score is 3.12. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 3.12 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Elevra Lithium Limited rank in its industry? 47.3 out of 100, rank 17 of 29 in Other Industrial Metals & Mining, with 45% of the evidence available. It is provisional, so it is ranked below companies with full evidence. Elevra Lithium Limited scores 47.3 out of 100 against the 29 companies it is compared with in Other Industrial Metals & Mining, ranking 17. Some evidence is missing, so the score is pulled toward the middle on purpose. The four parts add up to the total exactly: 20.9 + 13.5 + 9.9 + 3 = 47.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Elevra Lithium Limited compared with? Elevra Lithium Limited ranks 17 of 29 Other Industrial Metals & Mining companies on the 4-Factor Sector Score, with 47.3 out of 100. 1. [Teck Resources Limited](https://www.sectoralpha.in/us/stocks/teck) TECK · losing its lead · Most evidence points up · 64% evidence 67.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.4/35 · Revenue 40.5% · Profit n/a · Operating margin change 29.8 points · 62% evidence Capital efficiency 16.2/25 · ROCE 10.3% · Operating margin 43.1% · 76% evidence Valuation 9.1/20 · P/E 16.6× · PEG n/a · 15% evidence Relative strength 19.2/20 · Lead over its industry 51.9% · Lead over S&P 500 3% · 1 year 50.4% · 100% evidence · 6 of 12 weeks ahead Exact sum: 23.4 + 16.2 + 9.1 + 19.2 = 67.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Santacruz Silver Mining Ltd.](https://www.sectoralpha.in/us/stocks/sczm) SCZM · losing its lead · Most evidence points up · 81% evidence 67.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.8/35 · Revenue 39.9% · Profit -32.8% · Operating margin change 12.1 points · 83% evidence Capital efficiency 20.2/25 · ROCE 36.5% · Operating margin 38.8% · 76% evidence Valuation 14.4/20 · P/E 14.2× · PEG 0.41 · 65% evidence Relative strength 14.4/20 · Lead over its industry 11.3% · Lead over S&P 500 -25.8% · 1 year 28.2% · 100% evidence · 10 of 12 weeks ahead Exact sum: 18.8 + 20.2 + 14.4 + 14.4 = 67.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [BHP Group Limited](https://www.sectoralpha.in/us/stocks/bhp) BHP · quiet · Too little evidence to rank firmly · 51% evidence 67.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.2/35 · Revenue n/a · Profit n/a · Operating margin change 5.6 points · 26% evidence Capital efficiency 21.5/25 · ROCE 23.6% · Operating margin 43.3% · 76% evidence Valuation 8.9/20 · P/E 21.2× · PEG n/a · 15% evidence Relative strength 17.4/20 · Lead over its industry 43.7% · Lead over S&P 500 -2.8% · 1 year 41.6% · 100% evidence · 2 of 12 weeks ahead Exact sum: 19.2 + 21.5 + 8.9 + 17.4 = 67 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 4. [Nexa Resources S.A.](https://www.sectoralpha.in/us/stocks/nexa) NEXA · quiet · Evidence leans up · 64% evidence 63.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.9/35 · Revenue 24.3% · Profit n/a · Operating margin change 11.1 points · 62% evidence Capital efficiency 17.1/25 · ROCE 17.5% · Operating margin 19.8% · 76% evidence Valuation 9.6/20 · P/E 5.8× · PEG n/a · 15% evidence Relative strength 15.6/20 · Lead over its industry 35.7% · Lead over S&P 500 -9.3% · 1 year 117.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.9 + 17.1 + 9.6 + 15.6 = 63.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Rio Tinto Group](https://www.sectoralpha.in/us/stocks/rio) RIO · quiet · Too little evidence to rank firmly · 51% evidence 61.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.6/35 · Revenue n/a · Profit n/a · Operating margin change 2.9 points · 26% evidence Capital efficiency 18.1/25 · ROCE 14% · Operating margin 28% · 76% evidence Valuation 9.5/20 · P/E 13.5× · PEG n/a · 15% evidence Relative strength 14.8/20 · Lead over its industry 25.9% · Lead over S&P 500 -15.4% · 1 year 17.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18.6 + 18.1 + 9.5 + 14.8 = 61 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 6. [Materion Corporation](https://www.sectoralpha.in/us/stocks/mtrn) MTRN · losing its lead · Too little evidence to rank firmly · 58% evidence 56.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.0/35 · Revenue n/a · Profit n/a · Operating margin change 0.5 points · 45% evidence Capital efficiency 13.3/25 · ROCE 8.4% · Operating margin 8.6% · 76% evidence Valuation 8.8/20 · P/E 61.3× · PEG n/a · 15% evidence Relative strength 18.1/20 · Lead over its industry 62.7% · Lead over S&P 500 11.4% · 1 year 95.9% · 100% evidence · 5 of 12 weeks ahead Exact sum: 16 + 13.3 + 8.8 + 18.1 = 56.2 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 7. [MP Materials Corp.](https://www.sectoralpha.in/us/stocks/mp) MP · quiet · Evidence leans up · 64% evidence 55.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.1/35 · Revenue 72.3% · Profit n/a · Operating margin change 62.4 points · 62% evidence Capital efficiency 9.4/25 · ROCE -2.5% · Operating margin -14.7% · 76% evidence Valuation 11.5/20 · P/E -104.3× · PEG n/a · 15% evidence Relative strength 11.5/20 · Lead over its industry -2.1% · Lead over S&P 500 -34.7% · 1 year -35.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.1 + 9.4 + 11.5 + 11.5 = 55.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Ferroglobe PLC](https://www.sectoralpha.in/us/stocks/gsm) GSM · quiet · Evidence leans up · 64% evidence 53.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.8/35 · Revenue -8.6% · Profit n/a · Operating margin change 12.7 points · 62% evidence Capital efficiency 11.7/25 · ROCE -2% · Operating margin 15% · 76% evidence Valuation 10.5/20 · P/E -14.7× · PEG n/a · 15% evidence Relative strength 16.2/20 · Lead over its industry 27.5% · Lead over S&P 500 -14.1% · 1 year -1.8% · 100% evidence · 7 of 12 weeks ahead Exact sum: 14.8 + 11.7 + 10.5 + 16.2 = 53.2 · What this means: Relative strength against the index is -14.1%, and revenue and profit growth are weak. 9. [Almonty Industries Inc.](https://www.sectoralpha.in/us/stocks/alm) ALM · quiet · Evidence leans up · 64% evidence 51.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.9/35 · Revenue 100% · Profit n/a · Operating margin change 201.6 points · 62% evidence Capital efficiency 12.2/25 · ROCE 0.3% · Operating margin 37.5% · 76% evidence Valuation 8.6/20 · P/E 63× · PEG n/a · 15% evidence Relative strength 5.3/20 · Lead over its industry -9.8% · Lead over S&P 500 -41% · 1 year 24.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.9 + 12.2 + 8.6 + 5.3 = 51 · What this means: Earnings are strong; relative strength in its sector is -9.8% and the one-year return is 24.1%. 10. [Americas Gold and Silver Corporation](https://www.sectoralpha.in/us/stocks/usas) USAS · quiet · Evidence leans down · 64% evidence 49.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.4/35 · Revenue 87.6% · Profit n/a · Operating margin change 50.8 points · 62% evidence Capital efficiency 10.7/25 · ROCE 8% · Operating margin 11% · 76% evidence Valuation 10.9/20 · P/E -29× · PEG n/a · 15% evidence Relative strength 3.7/20 · Lead over its industry -28.5% · Lead over S&P 500 -53.2% · 1 year -30.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.4 + 10.7 + 10.9 + 3.7 = 49.7 · What this means: Earnings are strong; relative strength in its sector is -28.5% and the one-year return is -30.3%. 11. [Sigma Lithium Corporation](https://www.sectoralpha.in/us/stocks/sgml) SGML · quiet · Evidence leans down · 64% evidence 48.6 out of 100 Growth Capital Valuation Relative
12. [Compass Minerals International, Inc.](https://www.sectoralpha.in/us/stocks/cmp) CMP · quiet · Evidence leans down · 74% evidence 48.4 out of 100 Growth Capital Valuation Relative
13. [United States Antimony Corporation](https://www.sectoralpha.in/us/stocks/uamy) UAMY · quiet · Most evidence points down · 64% evidence 31.5 out of 100 Growth Capital Valuation Relative
14. Skeena Resources Limited SKE · losing its lead · Too little evidence to rank firmly · 47% evidence 54.0 out of 100 Growth Capital Valuation Relative
15. Vizsla Silver Corp. VZLA · quiet · Too little evidence to rank firmly · 50% evidence 49.8 out of 100 Growth Capital Valuation Relative
16. [Critical Metals Corp.](https://www.sectoralpha.in/us/stocks/crml) CRML · basing · Too little evidence to rank firmly · 47% evidence 49.3 out of 100 Growth Capital Valuation Relative
17. Elevra Lithium Limited this page ELVR · quiet · Too little evidence to rank firmly · 45% evidence 47.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.9/35 · Revenue n/a · Profit n/a · Operating margin change 159.9 points · 26% evidence Capital efficiency 13.5/25 · ROCE 5.9% · Operating margin 44.5% · 76% evidence Valuation 9.9/20 · P/E -10.8× · PEG n/a · 15% evidence Relative strength 3.0/20 · Lead over its industry -42.3% · Lead over S&P 500 -62.6% · 1 year -10.6% · 70% evidence · 0 of 12 weeks ahead Exact sum: 20.9 + 13.5 + 9.9 + 3 = 47.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 18. NioCorp Developments Ltd. NB · quiet · Too little evidence to rank firmly · 50% evidence 46.2 out of 100 Growth Capital Valuation Relative
19. Lithium Americas Corp. LAC · quiet · Too little evidence to rank firmly · 50% evidence 43.5 out of 100 Growth Capital Valuation Relative
20. Western Copper and Gold Corporation WRN · quiet · Too little evidence to rank firmly · 47% evidence 42.7 out of 100 Growth Capital Valuation Relative
21. Lithium Argentina AG LAR · quiet · Too little evidence to rank firmly · 50% evidence 41.5 out of 100 Growth Capital Valuation Relative
22. USA Rare Earth, Inc. USAR · quiet · Too little evidence to rank firmly · 46% evidence 38.5 out of 100 Growth Capital Valuation Relative
23. Evolution Metals & Technologies Corp. EMAT · basing · Too little evidence to rank firmly · 22% evidence 37.1 out of 100 Growth Capital Valuation Relative
24. Blue Moon Metals Inc. BMM · quiet · Too little evidence to rank firmly · 47% evidence 35.7 out of 100 Growth Capital Valuation Relative
25. IperionX Limited IPX · quiet · Too little evidence to rank firmly · 47% evidence 35.6 out of 100 Growth Capital Valuation Relative
26. Trilogy Metals Inc. TMQ · quiet · Too little evidence to rank firmly · 50% evidence 35.5 out of 100 Growth Capital Valuation Relative
27. [REalloys Inc.](https://www.sectoralpha.in/us/stocks/aloy) ALOY · quiet · Too little evidence to rank firmly · 47% evidence 32.1 out of 100 Growth Capital Valuation Relative
28. TMC the metals company Inc. TMC · quiet · Too little evidence to rank firmly · 47% evidence 31.5 out of 100 Growth Capital Valuation Relative
29. Northern Dynasty Minerals Ltd. NAK · quiet · Too little evidence to rank firmly · 50% evidence 29.8 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Other Industrial Metals & Mining](https://www.sectoralpha.in/us/sectors/other-industrial-metals-mining), all 29 compared on one page. ## Which companies are close to Elevra Lithium Limited in size? Elevra Lithium Limited is the 16th largest of 20 Other Industrial Metals & Mining companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Santacruz Silver Mining, Sigma Lithium Corporation and United States Antimony Corporation. Just below it: REalloys Inc., Lifezone Metals and Titan Mining Corporation. ### Other Industrial Metals & Mining companies close in size

1. [Santacruz Silver Mining Ltd.](https://www.sectoralpha.in/us/stocks/sczm) $629 million
2. [Sigma Lithium Corporation](https://www.sectoralpha.in/us/stocks/sgml) $623 million
3. [United States Antimony Corporation](https://www.sectoralpha.in/us/stocks/uamy) $431 million
4. Elevra Lithium Limited $425 million
5. [REalloys Inc.](https://www.sectoralpha.in/us/stocks/aloy) $417 million
6. [Lifezone Metals Limited](https://www.sectoralpha.in/us/stocks/lzm) $344 million
7. [Titan Mining Corporation](https://www.sectoralpha.in/us/stocks/tii) $196 million

[All 20 Other Industrial Metals & Mining companies, largest first](https://www.sectoralpha.in/us/sectors/other-industrial-metals-mining#all-companies)

### Companies close in size in other industries

1. [Prothena Corporation plc](https://www.sectoralpha.in/us/stocks/prta) $435 million · Biotechnology
2. [Avidia Bancorp, Inc.](https://www.sectoralpha.in/us/stocks/avbc) $434 million · Banks - Regional
3. Elevra Lithium Limited $433 million
4. [Genie Energy Ltd.](https://www.sectoralpha.in/us/stocks/gne) $433 million · Utilities - Regulated Electric
5. [Integra Resources Corp.](https://www.sectoralpha.in/us/stocks/itrg) $432 million · Other Precious Metals & Mining

## What else do people ask about Elevra Lithium Limited? ### What were Elevra Lithium Limited Limited's latest quarterly results? Elevra Lithium Limited reported revenue of $116 M and a net loss of $29.6 M for the Jun 2026 quarter. Earnings per share were −$0.17. The operating margin was 44.5%, 159.9 percentage points higher than a year earlier (as of 3 November 2026). ### What is Elevra Lithium Limited Limited's market cap? Elevra Lithium Limited's market capitalisation is $425 M at a stock price of $22.25. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Elevra Lithium Limited Limited performing? Elevra Lithium Limited's latest readings are below. Over the past 13 weeks it has done worse than the S&P 500, for 18 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Elevra Lithium Limited Limited's stock price go up? This page does not forecast Elevra Lithium Limited's stock price. What it shows instead: the stock price is $22.25. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Elevra Lithium Limited Limited in its business cycle? Elevra Lithium Limited's FY26 operating margin was 23.0%, against a 3-year range of −79.5% to 23.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 44.5%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Elevra Lithium Limited Limited story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Elevra Lithium Limited Limited a stock worth studying right now? What the numbers show: Elevra Lithium Limited's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.