Joby Aviation, Inc. (JOBY) Stock Analysis — Fair Value, Risk & Moat Rating
NYQ · Industrials · Airports & Air Services
Is Joby Aviation, Inc. a safe investment right now?
Joby Aviation, Inc.'s Altman Z-Score of 11.45 places it in the safe zone. Fair value estimate is not available for this stock. Moat rating: 2.3/5 stars.
Could Joby Aviation, Inc. go bankrupt? Altman Z-Score analysis
Z-Score of 11.45 is above 3.0, indicating the company is financially healthy by this metric.
- Below 1.8 — Distress Zone (high bankruptcy risk)
- 1.8 to 3.0 — Gray Zone (elevated uncertainty)
- Above 3.0 — Safe Zone (financially healthy)
What drives JOBY's Z-Score?
| Component | Formula | Value | Weight | Contribution |
|---|---|---|---|---|
| A · Working Capital / Total Assets | WC / TA | 0.772 | 1.2 | 0.93 |
| B · Retained Earnings / Total Assets | RE / TA | -1.5518 | 1.4 | -2.17 |
| C · EBIT / Total Assets | EBIT / TA | -0.4009 | 3.3 | -1.32 |
| D · Market Cap / Total Liabilities | MCap / TL | 23.3191 | 0.6 | 13.99 |
| E · Revenue / Total Assets | Rev / TA | 0.0298 | 1.0 | 0.03 |
How has JOBY's financial health changed over time?
| Year | Z-Score | Zone |
|---|---|---|
| 2022 | 41.22 | Safe |
| 2023 | 21.29 | Safe |
| 2024 | 15.65 | Safe |
| 2025 | 11.45 | Safe |
Source: Calculated from JOBY's latest 10-K filing on SEC EDGAR.
What is Joby Aviation, Inc. actually worth?
Source: Earnings data from SEC EDGAR filings. Market data via Yahoo Finance.
Does Joby Aviation, Inc. have a durable competitive advantage?
Moat rating: 2.3/5.
What makes up JOBY's moat score?
ROIC Stability
ROIC variability over the past decade. Score: 2/5.
Gross Margin Trend
Gross margin trajectory over the past decade. Score: 2/5.
Switching Costs
Estimated customer lock-in based on margin level. Score: 3/5.
How stable is JOBY's return on invested capital?
| Year | ROIC | Trend |
|---|---|---|
| 2022 | -33.7% | — |
| 2023 | -45.6% | Declining |
| 2024 | -65.4% | Declining |
| 2025 | -51.0% | Rising |
Source: ROIC calculated from SEC EDGAR filings.
Is Joby Aviation, Inc.'s dividend safe?
Joby Aviation, Inc.'s key financial metrics
| Metric | Latest | 1Y Ago | 3Y Ago | Trend |
|---|---|---|---|---|
| Revenue | $0.1B | $0.0B | $0.0B | Rising |
| Net Income | −$0.9B | −$0.6B | −$0.3B | Declining |
| Free Cash Flow | −$0.6B | −$0.5B | −$0.3B | Declining |
| Gross Margin | 45.1% | 50.7% | N/A | — |
Recent events that affect our JOBY analysis
JOBY earnings report scheduled
Upcoming report. Revenue estimate: $20.2M.
JOBY analyst consensus: 27% bullish (3 of 11 analysts)
1 Strong Buy, 2 Buy, 5 Hold, 2 Sell, 1 Strong Sell. Consensus target: $11.79 (29.0% upside).
JOBY filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
JOBY filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
JOBY filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
JOBY filed annual report (10-K)
Annual filing with full-year financials. Our Altman Z-Score, Moat, and Fair Value models are derived from this data. View on SEC EDGAR →
JOBY beat EPS estimates by 33.9%
Reported EPS: $-0.14 vs estimate $-0.21.
JOBY filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
JOBY filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
JOBY filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
JOBY filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
JOBY filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
JOBY missed EPS estimates by 154.8%
Reported EPS: $-0.48 vs estimate $-0.19.
JOBY filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
JOBY filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
JOBY filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
JOBY filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
JOBY filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
JOBY filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
JOBY missed EPS estimates by 1.4%
Reported EPS: $-0.20 vs estimate $-0.20.
JOBY filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
JOBY filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
JOBY filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
JOBY filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
JOBY filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
JOBY filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
JOBY filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
JOBY filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
JOBY missed EPS estimates by 7.0%
Reported EPS: $-0.20 vs estimate $-0.19.
JOBY filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
JOBY filed annual report (10-K)
Annual filing with full-year financials. Our Altman Z-Score, Moat, and Fair Value models are derived from this data. View on SEC EDGAR →
JOBY missed EPS estimates by 0.8%
Reported EPS: $-0.19 vs estimate $-0.19.
JOBY filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
JOBY filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
Common questions about Joby Aviation, Inc.
What is Joby Aviation, Inc. stock price today?
Joby Aviation, Inc. (JOBY) stock price is $9.14 as of the latest market close, traded on the NYSE exchange.
What does Joby Aviation, Inc. do?
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. It 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.
What is Joby Aviation, Inc. market cap?
Joby Aviation, Inc. has a market capitalization of $8.99B, classifying it as a mid-cap stock in the Industrials sector.
What sector and industry is JOBY in?
Joby Aviation, Inc. operates in the Industrials sector, specifically within the Airports & Air Services industry. It trades on the NYSE under the ticker symbol JOBY.
Is JOBY stock overvalued or undervalued?
We do not have sufficient earnings data to produce a reliable fair value estimate for Joby Aviation, Inc. at this time. Stocks without stable earnings history are difficult to value using traditional models.
What is JOBY stock forecast and analyst target price?
Based on 9 Wall Street analysts, the consensus price target for Joby Aviation, Inc. is $11.79, implying upside of 29.0% from the current price.
- Analyst High Target: $18.00
- Analyst Low Target: $6.00
Note: Analyst targets are shown for reference and are not used in our valuation model.
Is Joby Aviation, Inc. revenue and earnings growing?
Here are the analyst consensus growth estimates for Joby Aviation, Inc.:
- Revenue growth (current year est.): 109.1%
- EPS growth (current year est.): 29.9%
- Revenue growth (next year est.): 87.8%
- EPS growth (next year est.): 19.1%
What are Joby Aviation, Inc.'s key financial metrics?
| Metric | Latest | Trend |
|---|---|---|
| Revenue | $0.1B | Rising |
| Net Income | −$0.9B | Declining |
| Free Cash Flow | −$0.6B | Declining |
| Gross Margin | 45.1% | — |
What is JOBY's P/E ratio?
The price-to-earnings ratio measures how much investors pay per dollar of earnings:
- Forward P/E (next 12 months est.): -19.7x
How volatile is JOBY stock?
Joby Aviation, Inc. has a beta of 2.68, meaning it is significantly more volatile than the broader market. A beta above 1.0 indicates higher price swings relative to the S&P 500, while below 1.0 suggests more stability.
How much cash and debt does Joby Aviation, Inc. have?
Joby Aviation, Inc.'s balance sheet shows:
- Total Cash: $1.41B
- Total Debt: $44.3M
- Net Cash Position: $1.36B
A positive net cash position means the company holds more cash than debt, reducing financial risk.
What is Joby Aviation, Inc.'s free cash flow?
Joby Aviation, Inc. generated $-327.9M in trailing twelve-month free cash flow (from $-509.9M in operating cash flow). Free cash flow represents the cash available for dividends, buybacks, and debt reduction after all capital expenditures.
Does Joby Aviation, Inc. pay a dividend?
Joby Aviation, Inc. does not currently pay a regular dividend to shareholders. The company may be reinvesting all profits back into growth, or it may have suspended its dividend.
Is Joby Aviation, Inc. at risk of going bankrupt?
Joby Aviation, Inc.'s Altman Z-Score is 11.45, placing it in the safe zone (above 3.0) — bankruptcy risk is low. The Z-Score uses five balance sheet ratios to predict bankruptcy probability within two years.
Does Joby Aviation, Inc. have a durable competitive advantage?
Joby Aviation, Inc. scores 2.3/5 stars (Weak moat) in our moat analysis:
- ROIC Stability: 2/5
- Gross Margin Trend: 2/5
- Switching Costs: 3/5
A score above 3.5 suggests meaningful pricing power and a defensible market position.
What is JOBY's return on equity (ROE)?
Joby Aviation, Inc.'s return on equity is -80.1%. ROE measures how efficiently a company generates profits from shareholder equity. An ROE above 15% is generally considered strong, while below 10% may signal inefficiency.
How do I buy JOBY stock?
JOBY shares can be purchased through any brokerage account that provides access to the NYSE. Common steps:
- Open an account with a broker (e.g., Fidelity, Schwab, Interactive Brokers)
- Search for ticker symbol JOBY
- Place a market or limit order for your desired number of shares
This is not investment advice. Always do your own research before buying any stock.
Is JOBY a value stock or speculative?
FairValueLabs classifies Joby Aviation, Inc. as Pure Speculation. It lacks the financial stability or valuation margin typically required for value investing. This stock is considered high risk.
Who is the CEO of Joby Aviation, Inc.?
The current CEO of Joby Aviation, Inc. is Mr. JoeBen Bevirt.
What is JOBY's earnings per share (EPS)?
Earnings per share measures the company's profit allocated to each outstanding share:
- Trailing EPS (last 12 months): $-1.13
- Forward EPS (next 12 months est.): $-0.47
- Analyst consensus EPS (this year): $-0.57
- Analyst consensus EPS (next year): $-0.47
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FairValueLabs Disclaimer
All valuations, scores, ratings, and classifications on this page are produced by the FairValueLabs internal valuation system. They do not represent actual market value, guaranteed outcomes, or professional investment advice. These are analytical estimates for educational and research purposes only.
This is not financial advice. All data is sourced from SEC EDGAR public filings. Always consult a qualified financial advisor before making investment decisions.
Last updated: Apr 22, 2026. Data sources: SEC EDGAR (financial statements), Yahoo Finance (market data, analyst consensus). Data may not reflect the most recent quarter.
JOBY analysis methodology: How we calculate fair value, Z-Scores, and moat ratings