Joby Aviation Inc (JOBY)
UndervaluedFundamental
28
Price
$6.05
Market Cap
$6.09B
Part 1 · What the company is worth
Overview
Joby Aviation, Inc., an air mobility company, engages in research, develop, test, manufacture, and sale of electric vertical takeoff and landing aircraft in the United States, Japan, Europe, and internationally. The company offers facilitation of passenger transportation via helicopter or fixed wing aircraft. It is also involved in the provision of government flight services, customer demonstration, and engineering services; and exhibition activities. Joby Aviation, Inc. was founded in 2009 and is headquartered in Santa Cruz, California.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated on September 19, 2026 with claude-haiku-4-5 — shared with all users
Archer is Joby's closest rival: a US piloted eVTOL maker chasing the same FAA type certification and the same airport-shuttle passenger routes in cities such as Los Angeles and New York.
BETA builds electric aircraft in the United States and competes with Joby for the same certification window, the same launch customers and the same short-haul regional flights, with a stronger tilt toward cargo and medical missions.
Wisk, wholly owned by Boeing, is developing a self-flying air taxi for the same US urban passenger market Joby is targeting, and its private ownership gives it funding Joby must raise from the market.
The UK maker of the VX4 competes for the same airline and operator orders in Europe and the Middle East, and the two firms are already contesting eVTOL technology in the courts.
EHang already flies paying passengers in China with a type-certified autonomous two-seater, competing with Joby for the same city-hop air-taxi customers in Asia and the Middle East.
Blade sells today the very airport-transfer and short urban hop that Joby wants to fly, using helicopters, so it holds the customers and the landing slots Joby must win over.
Balance Sheet & Liquidity
Revenue
$116M
Trailing 12 months (through 6/30/2026)
Net Income
$-878M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$-564M
Total Equity
$1.41B
Total Liabilities
$385M
Current Ratio
17.98
Interest Coverage
-
Debt/EBITDA
-
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$10.68
Current Price
$6.05
Margin of Safety
+43.3%
Fair Value Range
$10.14 - $11.21
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
-
ROE
-66.0%
P/B Ratio
3.39
P/FCF
-
Gross Margin
-
ROIC
-26.6%
Profitability Radar
Value Creation (Economic Moat)
ROIC
-26.6%
WACC
16.0%
ROIC − WACC
-42.6 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (4)
- Debt/Equity ratio
- Current Ratio
- Low reliance on intangibles
- Net Margin Trend -755.1% vs -813505.1%
Failed (13)
- EPS shows upward trend
- Price CAGR -9.41%
- ROIC -26.6%
- P/B Ratio 3.39
- Operating Margin -759.2%
- Positive Free Cash Flow
- Return on Tangible Assets
- DCF valuation (Unknown)
- ROE -58.3%
- Analyst Consensus 19% Buy
- Earnings Surprise avg -18.7%
- Share Dilution 17.7%
- Piotroski F-Score 4/9
Unavailable (10)
- Gross Margin NaN%
- P/FCF NaN
- Dividend Payout NaN%
- CapEx intensity
- Interest Coverage
- Debt/EBITDA
- Price below Graham Number
- Revenue Growth 5Y (Finnhub)
- PEG Ratio (need PE > 0 and growth > 0)
- Earnings Quality (OCF/Net Income)
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
Low quality: investigate accounting
Share Dilution
Issuing new shares, diluting ownership
Institutional Holdings
No institutional filings reported for this company.
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Paul Cahill Sciarra | Executive Chairman of the Board | 45 |
| Mr. JoeBen Bevirt | Founder, CEO, Chief Architect, President & Director | 52 |
| Mr. Rodrigo Brumana | CFO & Treasurer | 50 |
| Ms. Bonny W. Simi | President of Operations | 63 |
| Ms. Katherine DeHoff J.D. | Chief Legal Officer & Corporate Secretary | 49 |
| Mr. Sergei Novikov | Corporate Controller, Acting Principal Accounting Officer & Treasurer | 55 |
| Ms. Teresa J. Thuruthiyil | Head of Investor Relations | - |
| Mr. Gregory J. Bowles | Chief Policy Officer | 50 |
| Mr. Eric Allison Ph.D. | Chief Product Officer | 49 |
| Mr. Robert S. Wiesenthal | Founder and CEO of BLADE Air Mobility, Inc. | 58 |
Audit Risk
7
Board Risk
7
Compensation Risk
9
Shareholder Rights Risk
7
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-27
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-08-06
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-09-11
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for JOBY, sourced from Markets Gazette.
- 16d agoNEGATIVEPerché il titolo Joby Aviation scende mentre si avvicina a un punto di svolta
Joby Aviation's stock has plummeted over 70% from its 2025 high, now trading at $6.30, with its market valuation shrinking from over $17.4 billion to $6.2 billion. This significant decline occurred despite the company approaching a commercialization milestone for its electric vertical take-off and landing (eVTOL) aircraft. The company has invested billions in R&D over 17 years. Investors are reacting negatively to the prolonged development cycle and substantial capital expenditure, leading to a sharp revaluation of the stock.
- 3/12/2026POSITIVEJoby Aviation Begins Testing Air Taxi As It Targets 2026 Launch: 'Final Phase Of Bringing This...'
Joby Aviation has commenced testing of its production aircraft, marking a significant step towards its 2026 launch target. The company, in partnership with the FAA, is advancing its air taxi service with plans to produce over 500 aircraft annually. Expansion into Ohio is also underway. This development signals substantial progress in the electric vertical takeoff and landing (eVTOL) sector, potentially validating Joby's business model and technological advancements for investors.
- 3/10/2026POSITIVECathie Wood Bets On Joby As Sean Duffy's Advanced Air Mobility Push Targets Air Taxis, Medical Transport
Cathie Wood's ARK Invest has increased its stake in Joby Aviation, a significant move signaling strong conviction in the company's future. This follows the recent announcement of a partnership between the Department of Transportation (DOT) and the Federal Aviation Administration (FAA) to advance the development and deployment of electric vertical take-off and landing (eVTOL) aircraft. The collaboration aims to streamline regulatory processes and foster innovation in the advanced air mobility sector, which includes air taxis and medical transport services. Investors view this as a positive development, potentially accelerating Joby's path to commercialization and market leadership.
- 3/9/2026POSITIVEDown 53% From Its Peak, Is It Finally Time to Buy Joby Aviation?
Joby Aviation Inc. is trading 53% below its peak, prompting speculation about a potential buying opportunity. The company's recent strategic partnership with Uber, aimed at integrating its air taxi services into Uber's platform, signals significant progress towards commercialization. With air taxi operations slated for imminent launch, Joby is positioned to be a frontrunner in the nascent urban air mobility market. Investors are closely watching these developments, as successful execution could unlock substantial growth and redefine urban transportation.
- 3/7/2026NEUTRALIs Joby Aviation Stock a Buy Right Now?
Joby Aviation Inc. (JOBY) shares are currently trading 50% below their recent highs, a significant pullback that may raise questions about their current valuation. While the substantial discount could attract value investors, the article suggests this may not be sufficient to signal a definitive buy opportunity. Investors are advised to consider the broader market conditions and the company's specific progress in its advanced air mobility initiatives before making investment decisions. Further analysis of the company's financial health and regulatory milestones is crucial.
- 3/4/2026POSITIVEBehind Joby's Massive 2026 Plans
Joby Aviation is gearing up for take-off in 2026, announcing ambitious plans for the commencement of commercial operations. The electric vertical take-off and landing (eVTOL) aircraft company has confirmed its roadmap for launching services in 2026, aiming to revolutionize urban mobility. This announcement marks a significant milestone for Joby, which has already secured type certification from the Air Force and is finalizing tests for FAA certification. For investors, 2026 represents a crucial year for project monetization, with potential positive impacts on the stock if operational targets are met.
- 3/4/2026POSITIVEAre Uber and Joby Aviation Stocks About to Take Off Based on Their Recent Announcement?
Joby Aviation and Uber will partner to launch the Uber Air taxi service in Dubai later this year. This strategic collaboration leverages Joby's eVTOL (electric Vertical Take-Off and Landing) technology and Uber's extensive user network to pioneer a new urban transportation market. The announcement positions Joby as a leader in advanced air mobility and could spur investor interest in its growth potential within the urban air mobility sector. Successful implementation in Dubai may pave the way for future expansions into other global cities.
- 3/3/2026NEGATIVEJoby Aviation Stock: Should You Buy the Dip?
Markets Gazette notes a significant cooling of investor enthusiasm surrounding Joby Aviation, a leading player in the electric vertical take-off and landing (eVTOL) sector. Despite the long-term promise of urban air mobility, market sentiment for the stock appears to be waning, suggesting a period of consolidation or increased skepticism regarding commercialization timelines and future profitability. This decline in excitement could prompt investors to re-evaluate their positions, raising questions about the sector's ability to meet initial lofty expectations. The market now seems to demand tangible progress and clearer paths to revenue before rekindling optimism.
- 2/27/2026NEUTRALBattle Royale: Joby Aviation vs. Boeing. Only One Can Make You Rich.
The competition in the electric vertical take-off and landing (eVTOL) sector is intensifying, with Joby Aviation and aerospace giant Boeing vying for supremacy. The "battle royale" isn't just about who gets their aircraft certified first, but extends to a longer-term war over the development of autonomous eVTOLs. This scenario highlights the enormous opportunities and technological challenges awaiting investors. Joby Aviation, a pure-play in this emerging segment, is up against Boeing's vast experience and resources. Success in this race could redefine the future of urban air transport, promising significant returns for the company that manages to dominate the market. Investors should closely monitor the progress of both companies.
via Markets Gazette