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Tesla (MIL:1TSLA) Cyclically Adjusted Book per Share : €7.62 (As of Mar. 2025)


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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. 2025 was €21.445. 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 €7.62 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Tesla's average Cyclically Adjusted Book Growth Rate was 37.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 48.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 55.50% 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 48.50% per year. And the median was 55.10% per year.

As of today (2025-05-30), Tesla's current stock price is €319.85. Tesla's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €7.62. Tesla's Cyclically Adjusted PB Ratio of today is 41.98.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Tesla was 209.53. The lowest was 17.39. And the median was 48.82.


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 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.10 2.15 3.48 5.03 7.85

Tesla Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 5.74 6.34 6.43 7.85 7.62

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.


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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. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=21.445/134.9266*134.9266
=21.445

Current CPI (Mar. 2025) = 134.9266.

Tesla Quarterly Data

Book Value per Share CPI Adj_Book
201506 0.335 100.684 0.449
201509 0.597 100.392 0.802
201512 0.505 99.792 0.683
201603 0.434 100.470 0.583
201606 1.010 101.688 1.340
201609 1.063 101.861 1.408
201612 1.859 101.863 2.462
201703 1.894 102.862 2.484
201706 1.816 103.349 2.371
201709 1.568 104.136 2.032
201712 1.414 104.011 1.834
201803 1.418 105.290 1.817
201806 1.307 106.317 1.659
201809 1.501 106.507 1.902
201812 1.671 105.998 2.127
201903 1.565 107.251 1.969
201906 1.883 108.070 2.351
201909 2.031 108.329 2.530
201912 2.193 108.420 2.729
202003 2.992 108.902 3.707
202006 3.131 108.767 3.884
202009 4.786 109.815 5.880
202012 6.343 109.897 7.788
202103 6.692 111.754 8.080
202106 6.974 114.631 8.209
202109 7.634 115.734 8.900
202112 8.621 117.630 9.889
202203 9.958 121.301 11.077
202206 11.019 125.017 11.892
202209 12.745 125.227 13.732
202212 13.338 125.222 14.372
202303 14.163 127.348 15.006
202306 14.869 128.729 15.585
202309 15.759 129.860 16.374
202312 18.033 129.419 18.800
202403 18.573 131.776 19.017
202406 19.329 132.554 19.675
202409 19.647 133.029 19.927
202412 21.652 133.157 21.940
202503 21.445 134.927 21.445

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


Tesla  (MIL:1TSLA) 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
=319.85/7.62
=41.98

* 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 17.39. And the median was 48.82.


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 Business Description

Industry
Address
1 Tesla Road, Austin, TX, USA, 78725
Tesla is a vertically integrated battery electric vehicle automaker and developer of autonomous driving software. The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi truck. Tesla also plans to begin selling more affordable vehicles, a sports car, and offer a robotaxi service. Global deliveries in 2024 were a little below 1.8 million vehicles. The company sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network.

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