Elite Express Holding Inc. is a US-listed company in the cargo ground transportation industry. Its financial year ends in November.
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Under review: every model's value for Elite Express Holding Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.
Under review: limited reported history: available models are shown without a Buy/Hold/Sell rating. We'll show the comparison once resolved.
Elite Express Holding Inc. valuation: adjust assumptions and compare models →
Elite Express has little or no product revenue yet. It passes 2 of our 2 financial-health checks.
Our model value for Elite Express Holding is under review, so past values are not shown until it is resolved.
Source: 10-Q filed October 14, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Current signal Earnings running well ahead of cash (high accruals): Over the last 12 months net income exceeded operating cash flow by an amount equal to 10.1% of total assets. Earnings built on accounting accruals rather than cash have historically proved less persistent.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Elite Express Holding Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.88 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. | ~$0.0 ~$0.0–$0.1 | Left out: out of range vs price (0.01x) |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Elite Express Holding Inc. with Cargo Ground Transportation in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
| At fiscal year end | 2025 | Now |
|---|---|---|
| Share price | $0.56 | $1.79 |
| Market value | $8m | $42m |
| + Net debt (− = net cash) | −$1m | −$3m |
| Enterprise value | $7m | $39m |
| Multiples | ||
| Price / sales | 2.9x | 13.9x |
| Price / earnings | — | — |
| Price / free cash flow | — | — |
| EV / EBITDA | — | — |
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.
No analyst estimates are published for Elite Express Holding Inc.: too few analysts cover it.
| Calendar year | 2026 to date |
|---|---|
| Return | |
| ETS | +263% |
| Industry peers (median) | +13% |
| S&P 500 | +11% |
| Months that ended higher | |
| ETS | 55% |
| S&P 500 | 46% |
| Largest fall from a high during the year | |
| ETS | −45% |
| S&P 500 | −9% |
Worst fall since August 21, 2025: 88% from August 21, 2025 to March 16, 2026. Getting back needed a 724% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| October 14, 2026 | +10.7% | −0.8% | +27.8% | — |
| July 14, 2026 | +13.1% | +0.8% | +11.9% | +40.0% |
| April 13, 2026 | +0.6% | +2.2% | −8.0% | −14.2% |
| February 27, 2026 | −6.9% | −0.4% | −7.3% | +53.8% |
| October 14, 2025 | +5.2% | +0.3% | −0.9% | −25.8% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY25 Q4 | $2.7M |
| FY26 Q1 | $2.8M |
| FY26 Q2 | $2.9M |
| FY26 Q3 | $3M |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY25 Q4 | -93.9% |
| FY26 Q1 | -89.8% |
| FY26 Q2 | -179.0% |
| FY26 Q3 | -196.9% |
| Fiscal year | 2025 Nov 2025 | LTM Aug 2026 |
|---|---|---|
| Income | ||
| Revenue | 2,666 | 3,008 |
| Gross profit | 18 | 360 |
| EBITDA | −2,305 | −5,832 |
| Operating income | −2,504 | −5,923 |
| Net income | −2,186 | −5,091 |
| Diluted EPS | −$0.16 | −$0.22 |
| Margins | ||
| Gross margin | 0.7% | 12.0% |
| EBITDA margin | −86.5% | −193.9% |
| Operating margin | −93.9% | −196.9% |
| Net margin | −82.0% | −169.2% |
| Free-cash-flow margin | −109.0% | −230.5% |
| Cash flow | ||
| Cash from operations | −2,820 | −6,921 |
| Capital spending | 86 | 13 |
| Free cash flow | −2,906 | −6,934 |
| Balance sheet | ||
| Cash | 1,309 | 3,004 |
| Total debt | 0 | 0 |
| Net debt (negative = net cash) | −1,309 | −3,004 |
| Diluted shares | 14m | 23m |
| Quarter | 2024 Q3 Aug 2024 | 2025 Q1 Feb 2025 | 2025 Q2 May 2025 | 2025 Q3 Aug 2025 | 2025 Q4 Nov 2025 | 2026 Q1 Feb 2026 | 2026 Q2 May 2026 | 2026 Q3 Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 590 | 692 | 630 | 634 | 710 | 805 | 727 | 766 |
| Gross profit | −30 | −32 | 18 | 7 | 26 | 157 | 81 | 96 |
| EBITDA | −8 | −268 | −75 | −94 | −1,867 | −305 | −2,755 | −905 |
| Operating income | −69 | −316 | −124 | −145 | −1,919 | −307 | −2,775 | −921 |
| Net income | −77 | −205 | −108 | −186 | −1,688 | −110 | −2,533 | −760 |
| Diluted EPS | — | −$0.01 | −$0.00 | −$0.00 | −$0.04 | −$0.00 | −$0.05 | −$0.02 |
| Growth (year on year) | ||||||||
| Revenue | — | — | — | +7.4% | — | +16.3% | +15.3% | +20.9% |
| Margins | ||||||||
| Gross margin | −5.0% | −4.7% | 2.9% | 1.1% | 3.6% | 19.5% | 11.1% | 12.5% |
| EBITDA margin | −1.4% | −38.7% | −12.0% | −14.9% | −263.1% | −37.8% | −379.1% | −118.1% |
| Operating margin | −11.7% | −45.7% | −19.6% | −22.8% | −270.4% | −38.2% | −381.8% | −120.2% |
| Net margin | −13.0% | −29.6% | −17.1% | −29.3% | −237.8% | −13.7% | −348.5% | −99.2% |
| Free-cash-flow margin | — | — | — | — | −308.0% | −155.8% | −426.0% | −51.8% |
| Cash flow | ||||||||
| Cash from operations | — | −297 | 3 | −346 | −2,180 | −1,249 | −3,096 | −397 |
| Capital spending | — | — | — | — | 6 | 6 | 0 | 0 |
| Free cash flow | — | — | — | — | −2,186 | −1,255 | −3,096 | −397 |
| Last 12 months unless stated | ETS | SWVL | HXHX | SFWL | PAMT | HTLD | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $3m | $24m | $33m | $572m | $598m | $736m | $3.4bn |
| Revenue growth, last 12 months | — | 40.5% | 29.2% | 13.6% | −8.8% | −21.0% | 7.0% |
| Revenue growth, 3-year average | — | — | — | — | −13.4% | −16.5% | −0.8% |
| Revenue growth, latest quarter | 20.9% | — | — | — | 8.9% | −12.5% | 11.4% |
| Gross margin | 12.0% | 18.0% | 25.1% | 9.3% | — | — | 18.3% |
| Operating margin | −196.9% | −2.0% | 23.6% | 2.9% | −9.1% | −2.3% | 2.9% |
| Operating margin, 3-year average | — | — | — | — | −5.6% | −2.3% | 3.4% |
| Net margin | −169.2% | 5.4% | 12.0% | 2.1% | −7.1% | 12.5% | 2.7% |
| Cash from operations / revenue | −230.1% | −8.8% | −28.9% | 2.8% | −2.8% | 10.7% | 9.7% |
| Free-cash-flow margin | −230.5% | −8.9% | −42.4% | −0.5% | −9.7% | −11.6% | 2.7% |
| Free-cash-flow margin, 3-year average | — | — | — | — | −6.2% | −4.3% | 0.9% |
| Stock pay / revenue | — | 0.4% | — | — | 0.1% | 0.3% | 0.3% |
| Change in share count | — | 24.5% | 10.4% | 2.3% | −2.9% | −1.2% | −1.5% |
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Jane Street Group, LLC | $21,639 | 25K | 28.8% | ▼ 42.2% |
| Citadel Advisors LLC | $17,545 | 21K | 23.4% | ▼ 67.1% |
| Geode Capital Management, LLC | $14,540 | 17K | 19.4% | ▼ 50.3% |
| Xtx Topco Ltd | $14,197 | 17K | 18.9% | ▼ 51.7% |
| Tower Research Capital LLC (TRC) | $7,137 | 8K | 9.5% | ▲ 110.2% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Elite Express Holding Inc.'s complete shareholder register. Values are as reported by the filers .
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Next expected around January 14, 2027 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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