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Tesla (LIM:TSLA) Cyclically Adjusted Book per Share : $6.29 (As of Mar. 2024)


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What is Tesla Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Tesla's adjusted book value per share for the three months ended in Mar. 2024 was $20.188. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $6.29 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Tesla's average Cyclically Adjusted Book Growth Rate was 46.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 58.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 55.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Tesla was 61.80% per year. The lowest was 51.80% per year. And the median was 58.40% per year.

As of today (2024-06-14), Tesla's current stock price is $178.90. Tesla's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $6.29. Tesla's Cyclically Adjusted PB Ratio of today is 28.44.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tesla was 209.53. The lowest was 17.14. And the median was 51.00.


Tesla Cyclically Adjusted Book per Share Historical Data

The historical data trend for Tesla's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tesla Cyclically Adjusted Book per Share Chart

Tesla Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 2.46 3.68 5.53

Tesla Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.17 4.66 5.01 5.53 6.29

Competitive Comparison of Tesla's Cyclically Adjusted Book per Share

For the Auto Manufacturers subindustry, Tesla's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tesla's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tesla's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Tesla's Cyclically Adjusted PB Ratio falls into.



Tesla Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Tesla's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=20.188/131.7762*131.7762
=20.188

Current CPI (Mar. 2024) = 131.7762.

Tesla Quarterly Data

Book Value per Share CPI Adj_Book
201406 0.510 100.560 0.668
201409 0.509 100.428 0.668
201412 0.484 99.070 0.644
201503 0.436 99.621 0.577
201506 0.376 100.684 0.492
201509 0.670 100.392 0.879
201512 0.550 99.792 0.726
201603 0.483 100.470 0.633
201606 1.135 101.688 1.471
201609 1.193 101.861 1.543
201612 1.961 101.863 2.537
201703 2.026 102.862 2.595
201706 2.040 103.349 2.601
201709 1.869 104.136 2.365
201712 1.674 104.011 2.121
201803 1.748 105.290 2.188
201806 1.527 106.317 1.893
201809 1.752 106.507 2.168
201812 1.901 105.998 2.363
201903 1.768 107.251 2.172
201906 2.127 108.070 2.594
201909 2.237 108.329 2.721
201912 2.437 108.420 2.962
202003 3.306 108.902 4.000
202006 3.526 108.767 4.272
202009 5.638 109.815 6.766
202012 7.717 109.897 9.253
202103 7.967 111.754 9.394
202106 8.402 114.631 9.659
202109 8.982 115.734 10.227
202112 9.742 117.630 10.914
202203 10.967 121.301 11.914
202206 11.648 125.017 12.278
202209 12.619 125.227 13.279
202212 14.129 125.222 14.869
202303 15.164 127.348 15.691
202306 16.109 128.729 16.490
202309 16.818 129.860 17.066
202312 19.665 129.419 20.023
202403 20.188 131.776 20.188

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Tesla  (LIM:TSLA) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Tesla's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=178.90/6.29
=28.44

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tesla was 209.53. The lowest was 17.14. And the median was 51.00.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Tesla Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Tesla's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Tesla (LIM:TSLA) Business Description

Industry
Address
1 Tesla Road, Austin, TX, USA, 78725
Founded in 2003 and based in Palo Alto, California, Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles. The company sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential and commercial properties including utilities. Tesla has multiple vehicles in its fleet, which include luxury and midsize sedans and crossover SUVs. The company also plans to begin selling more affordable sedans and small SUVs, a light truck, a semi truck, and a sports car. Global deliveries in 2022 were a little over 1.3 million vehicles.

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