Tesla (BKK:TSLA01) Cyclically Adjusted PB Ratio: 31.31 (As of Aug. 30, 2026) — 29% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:TSLA01 Tesla Inc BKK:TSLA01
67 GF Score
Price ฿34.75
GF Value ฿32.16
Valuation Fairly Valued
! 5 Warning Signs
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What is Tesla Cyclically Adjusted PB Ratio?

Tesla BKK:TSLA01 +3.73% 67 Cyclically Adjusted PB Ratio is 31.31 as of Aug. 30, 2026, which is 29% below its 10-year median of 43.83. GuruFocus rates BKK:TSLA01 with a GF Score™ of 67/100 and a GF Value™ of ฿32.16 (Fairly Valued). The stock has 5 warning signs investors should review. Among 927 Vehicles & Parts companies, Tesla ranks worse than 99.46% on this metric.

As of today (2026-08-30), Tesla's current share price is ฿34.75. Tesla's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ฿1.11. Tesla's Cyclically Adjusted PB Ratio for today is 31.31.

The historical rank and industry rank for Tesla's Cyclically Adjusted PB Ratio or its related term are showing as below:

BKK:TSLA01' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 17.14   Med: 43.83   Max: 209.53
Current: 29.95

During the past years, Tesla's highest Cyclically Adjusted PB Ratio was 209.53. The lowest was 17.14. And the median was 43.83.

BKK:TSLA01's Cyclically Adjusted PB Ratio is ranked worse than
99.46% of 927 companies
in the Vehicles & Parts industry
Industry Median: 1.23 vs BKK:TSLA01: 29.95

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 adjusted book value per share data for the three months ended in Jun. 2026 was ฿723.611. 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 ฿1.11 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tesla  (BKK:TSLA01) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Tesla Cyclically Adjusted PB Ratio Related Terms


Tesla Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tesla's Cyclically Adjusted PB Ratio 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.

Tesla Cyclically Adjusted PB Ratio Chart

Tesla Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 148.27 32.70 44.72 51.80 43.78

Tesla Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio 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 34.81 45.54 43.78 33.76 36.11

BKK:TSLA01 vs GM, F, RIVN: Cyclically Adjusted PB Ratio Comparison

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 Cyclically Adjusted PB Ratio vs 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.


BKK:TSLA01
67GF Score
Tesla Inc BKK:TSLA01
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Tesla Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=34.75/1.11
=31.31

* 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.

Tesla's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Tesla's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=723.611/333.9520*333.9520
=723.611

Current CPI (Jun. 2026) = 333.9520.

Tesla Quarterly Data

Book Value per Share CPI Adj_Book
201609 41.403 241.428 57.270
201612 70.169 241.432 97.059
201703 70.640 243.801 96.761
201706 69.334 244.955 94.524
201709 61.951 246.819 83.821
201712 54.584 246.524 73.942
201803 54.634 249.554 73.111
201806 49.617 251.989 65.756
201809 57.074 252.439 75.503
201812 62.193 251.233 82.670
201903 56.102 254.202 73.703
201906 66.159 256.143 86.256
201909 68.359 256.759 88.911
201912 73.579 256.974 95.620
202003 106.091 258.115 137.262
202006 109.814 257.797 142.254
202009 176.867 260.280 226.929
202012 232.132 260.474 297.615
202103 245.346 264.877 309.328
202106 264.195 271.696 324.732
202109 297.296 274.310 361.936
202112 326.931 278.802 391.601
202203 364.581 287.504 423.481
202206 406.796 296.311 458.472
202209 467.741 296.808 526.276
202212 491.237 296.797 552.733
202303 522.603 301.836 578.209
202306 562.382 305.109 615.546
202309 603.532 307.789 654.834
202312 687.912 306.746 748.924
202403 725.759 312.332 775.997
202406 763.782 314.175 811.861
202409 725.128 315.301 768.021
202412 774.095 315.605 819.095
202503 783.040 319.799 817.694
202506 781.377 322.561 808.971
202509 769.009 324.800 790.678
202512 691.409 324.054 712.528
202603 722.719 330.213 730.902
202606 723.611 333.952 723.611

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

What does a Cyclically Adjusted PB Ratio of 31.31 mean?
Tesla (BKK:TSLA01) has a Cyclically Adjusted PB Ratio of 31.31 as of Aug. 30, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Tesla and its competitors. This is 29% below median its historical median of 43.83. Over the past decade, Tesla's Cyclically Adjusted PB Ratio has ranged from 17.14 to 209.53. According to the industry distribution chart, Tesla ranks #922 out of 927 companies in the Vehicles & Parts industry, placing it in the top 99.5%.
Is Tesla's Cyclically Adjusted PB Ratio too high?
Tesla's current Cyclically Adjusted PB Ratio of 31.31 is 29% below median its 10-year median of 43.83. Over the past 10 years, this metric has ranged from a low of 17.14 to a high of 209.53. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.23. Tesla's value of 31.31 is 2445.5% above this industry median. Based on the distribution chart, Tesla ranks #922 out of 927 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Tesla has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tesla's Cyclically Adjusted PB Ratio compare to GM and F?
According to the Vehicles & Parts industry distribution chart, Tesla ranks #922 out of 927 companies for Cyclically Adjusted PB Ratio. This places Tesla in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.23. Tesla's value of 31.31 is 2445.5% above this benchmark. Historically, Tesla's own Cyclically Adjusted PB Ratio has ranged from 17.14 to 209.53 over the past decade. While the company's 10-year median is 43.83 vs. the industry median of 1.23, Tesla has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.23, based on 927 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tesla's current Cyclically Adjusted PB Ratio of 31.31 is 2445.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Tesla and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tesla's current Cyclically Adjusted PB Ratio is 31.31, which is 29% below median its own 10-year median of 43.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tesla stock overvalued right now?
Based on GuruFocus' analysis, Tesla (BKK:TSLA01) is currently considered Fairly Valued. The stock's GF Value™ is ฿32.16, compared to a current price of ฿34.75 — trading 8.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 31.31, which is 29% below median its 10-year median of 43.83 and 2445.5% above the Vehicles & Parts industry median of 1.23. Tesla's overall GF Score™ is 67/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Tesla (BKK:TSLA01), the current Cyclically Adjusted PB Ratio is 31.31 as of Aug. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tesla (BKK:TSLA01) Overvalued in 2026?

Based on GuruFocus' analysis, Tesla stock appears to be overvalued. The current stock price of ฿34.75 is trading 8.1% above its estimated GF Value™ of ฿32.16. GuruFocus considers Tesla to be Fairly Valued.

Key valuation signals for BKK:TSLA01:

  • Cyclically Adjusted PB Ratio: 31.31 (29% below median its 10-year median of 43.83)
  • GF Value™: ฿32.16 vs. price of ฿34.75 (8.1% above fair value)
  • GF Score™: 67/100 with 5 warning signs
  • Industry Position: 2445.5% above the Vehicles & Parts median (#922 of 927)

No single metric tells the full story. See the BKK:TSLA01 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tesla Business Description

Address 1 Tesla Road, Austin, TX, USA, 78725
Tesla is a vertically integrated battery electric vehicle automaker and developer of real-world artificial intelligence software, which includes autonomous driving and humanoid robots. The company has multiple vehicles in its fleet, which include a midsize sedan and crossover SUV in the entry-level luxury category, a luxury light truck, and a semitruck. Tesla also runs a robotaxi service in four US metropolitan areas. Global deliveries in 2025 were nearly 1.64 million vehicles. Additionally, the company sells batteries for stationary storage for residential and commercial properties, including utilities, solar panels, and solar roofs for energy generation. Tesla also owns a fast-charging network and a US auto insurance business.
67GF Score

Get the complete analysis for BKK:TSLA01

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿34.75
Price
฿32.16
GF Value