Tesla (MEX:TSLA) Cyclically Adjusted PB Ratio: 27.40 (As of Jul. 24, 2026) — 38% Below Median

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
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.

MEX:TSLA Tesla Inc MEX:TSLA
82 GF Score
Price MXN5,605.65
GF Value MXN5,550.24
Valuation Fairly Valued
! 5 Warning Signs
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What is Tesla Cyclically Adjusted PB Ratio?

Tesla MEX:TSLA -13.98% 82 Cyclically Adjusted PB Ratio is 27.40 as of Jul. 24, 2026, which is 38% below its 10-year median of 43.99. GuruFocus rates MEX:TSLA with a GF Score™ of 82/100 and a GF Value™ of MXN5,550.24 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,028 Vehicles & Parts companies, Tesla ranks worse than 99.51% on this metric.

As of today (2026-07-24), Tesla's current share price is MXN5605.65. Tesla's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN204.55. Tesla's Cyclically Adjusted PB Ratio for today is 27.40.

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

MEX:TSLA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 17.14   Med: 43.99   Max: 209.53
Current: 27.45

During the past years, Tesla's highest Cyclically Adjusted PB Ratio was 209.53. The lowest was 17.14. And the median was 43.99.

MEX:TSLA's Cyclically Adjusted PB Ratio is ranked worse than
99.51% of 1028 companies
in the Vehicles & Parts industry
Industry Median: 1.27 vs MEX:TSLA: 27.45

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 MXN383.790. 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 MXN204.55 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tesla  (MEX:TSLA) 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

MEX:TSLA 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.


MEX:TSLA
82GF Score
Tesla Inc MEX:TSLA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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
=5605.65/204.55
=27.40

* 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)
=383.79/333.9520*333.9520
=383.790

Current CPI (Jun. 2026) = 333.9520.

Tesla Quarterly Data

Book Value per Share CPI Adj_Book
201609 23.062 241.428 31.900
201612 40.435 241.432 55.930
201703 38.138 243.801 52.240
201706 36.873 244.955 50.270
201709 33.927 246.819 45.904
201712 32.867 246.524 44.523
201803 31.756 249.554 42.496
201806 30.011 251.989 39.773
201809 32.769 252.439 43.350
201812 37.336 251.233 49.629
201903 34.292 254.202 45.050
201906 40.862 256.143 53.275
201909 44.164 256.759 57.442
201912 45.957 256.974 59.724
202003 77.509 258.115 100.282
202006 81.392 257.797 105.436
202009 124.541 260.280 159.792
202012 153.507 260.474 196.810
202103 162.856 264.877 205.326
202106 167.259 271.696 205.584
202109 184.683 274.310 224.838
202112 199.838 278.802 239.368
202203 218.361 287.504 253.639
202206 234.330 296.311 264.097
202209 253.832 296.808 285.598
202212 275.458 296.797 309.942
202303 273.327 301.836 302.410
202306 276.171 305.109 302.278
202309 292.960 307.789 317.862
202312 333.804 306.746 363.410
202403 335.041 312.332 358.233
202406 381.170 314.175 405.164
202409 429.362 315.301 454.760
202412 472.839 315.605 500.326
202503 474.306 319.799 495.297
202506 451.539 322.561 467.485
202509 441.331 324.800 453.767
202512 394.277 324.054 406.320
202603 403.952 330.213 408.526
202606 383.790 333.952 383.790

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 27.40 mean?
Tesla (MEX:TSLA) has a Cyclically Adjusted PB Ratio of 27.40 as of Jul. 24, 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 38% below median its historical median of 43.99. 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 #1023 out of 1028 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 27.40 is 38% below median its 10-year median of 43.99. 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 1.27. Tesla's value of 27.40 is 2057.5% above this industry median. Based on the distribution chart, Tesla ranks #1023 out of 1028 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Tesla has a GF Score™ of 82/100 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 #1023 out of 1028 companies for Cyclically Adjusted PB Ratio. This places Tesla in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.27. Tesla's value of 27.40 is 2057.5% 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 43.99 vs. the industry median of 1.27, 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 1.27, based on 1,028 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 27.40 is 2057.5% 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 1.27 — 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 27.40, which is 38% below median its own 10-year median of 43.99. 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 (MEX:TSLA) is currently considered Fairly Valued. The stock's GF Value™ is MXN5,550.24, compared to a current price of MXN5,605.65 — trading 1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 27.40, which is 38% below median its 10-year median of 43.99 and 2057.5% above the Vehicles & Parts industry median of 1.27. Tesla's overall GF Score™ is 82/100 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 (MEX:TSLA), the current Cyclically Adjusted PB Ratio is 27.40 as of Jul. 24, 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 (MEX:TSLA) Overvalued in 2026?

Based on GuruFocus' analysis, Tesla stock appears to be overvalued. The current stock price of MXN5,605.65 is trading 1% above its estimated GF Value™ of MXN5,550.24. GuruFocus considers Tesla to be Fairly Valued.

Key valuation signals for MEX:TSLA:

  • Cyclically Adjusted PB Ratio: 27.40 (38% below median its 10-year median of 43.99)
  • GF Value™: MXN5,550.24 vs. price of MXN5,605.65 (1% above fair value)
  • GF Score™: 82/100 with 5 warning signs
  • Industry Position: 2057.5% above the Vehicles & Parts median (#1023 of 1028)

No single metric tells the full story. See the MEX:TSLA 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.
82GF Score

Get the complete analysis for MEX:TSLA

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

MXN5,605.65
Price
MXN5,550.24
GF Value