Tesla (BKK:TSLA01) Cyclically Adjusted PS Ratio: 18.31 (As of Aug. 17, 2026) — 15% Below Median

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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
68 GF Score
Price ฿33.50
GF Value ฿32.01
Valuation Fairly Valued
! 5 Warning Signs
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What is Tesla Cyclically Adjusted PS Ratio?

Tesla BKK:TSLA01 +4.69% 68 Cyclically Adjusted PS Ratio is 18.31 as of Aug. 17, 2026, which is 15% below its 10-year median of 21.51. GuruFocus rates BKK:TSLA01 with a GF Score™ of 68/100 and a GF Value™ of ฿32.01 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,040 Vehicles & Parts companies, Tesla ranks worse than 99.52% on this metric.

As of today (2026-08-17), Tesla's current share price is ฿33.50. Tesla's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ฿1.83. Tesla's Cyclically Adjusted PS Ratio for today is 18.31.

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

BKK:TSLA01' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.04   Med: 21.51   Max: 74.34
Current: 17.75

During the past years, Tesla's highest Cyclically Adjusted PS Ratio was 74.34. The lowest was 5.04. And the median was 21.51.

BKK:TSLA01's Cyclically Adjusted PS Ratio is ranked worse than
99.52% of 1040 companies
in the Vehicles & Parts industry
Industry Median: 0.755 vs BKK:TSLA01: 17.75

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Tesla's adjusted revenue per share data for the three months ended in Jun. 2026 was ฿262.411. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ฿1.83 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tesla  (BKK:TSLA01) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Tesla Cyclically Adjusted PS Ratio Related Terms


Tesla Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tesla's Cyclically Adjusted PS 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 PS Ratio Chart

Tesla Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.83 13.97 21.13 27.52 25.73

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 PS 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 19.79 26.32 25.73 20.25 21.81

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

For the Auto Manufacturers subindustry, Tesla's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio vs Vehicles & Parts Industry

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

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


BKK:TSLA01
68GF Score
Tesla Inc BKK:TSLA01
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Tesla Cyclically Adjusted PS Ratio Calculation

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

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=33.50/1.83
=18.31

* 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 Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=262.411/333.9520*333.9520
=262.411

Current CPI (Jun. 2026) = 333.9520.

Tesla Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 33.894 241.428 46.883
201612 35.133 241.432 48.596
201703 38.666 243.801 52.964
201706 38.260 244.955 52.161
201709 39.415 246.819 53.329
201712 42.234 246.524 57.212
201803 41.993 249.554 56.195
201806 50.989 251.989 67.574
201809 83.264 252.439 110.150
201812 91.395 251.233 121.487
201903 55.534 254.202 72.957
201906 74.385 256.143 96.981
201909 69.634 256.759 90.569
201912 82.397 256.974 107.079
202003 64.415 258.115 83.341
202006 60.481 257.797 78.348
202009 83.007 260.280 106.502
202012 93.271 260.474 119.582
202103 94.124 264.877 118.670
202106 112.002 271.696 137.666
202109 135.161 274.310 164.548
202112 176.404 278.802 211.299
202203 179.586 287.504 208.599
202206 170.732 296.311 192.420
202209 229.302 296.808 257.998
202212 243.097 296.797 273.529
202303 231.836 301.836 256.504
202306 250.209 305.109 273.862
202309 239.884 307.789 260.275
202312 251.749 306.746 274.077
202403 219.800 312.332 235.015
202406 268.915 314.175 285.843
202409 239.463 315.301 253.628
202412 248.999 315.605 263.474
202503 185.469 319.799 193.677
202506 208.297 322.561 215.653
202509 254.690 324.800 261.866
202512 221.916 324.054 228.694
202603 204.145 330.213 206.457
202606 262.411 333.952 262.411

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 18.31 mean?
Tesla (BKK:TSLA01) has a Cyclically Adjusted PS Ratio of 18.31 as of Aug. 17, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Tesla and its competitors. This is 15% below median its historical median of 21.51. Over the past decade, Tesla's Cyclically Adjusted PS Ratio has ranged from 5.04 to 74.34. According to the industry distribution chart, Tesla ranks #1035 out of 1040 companies in the Vehicles & Parts industry, placing it in the top 99.5%.
Is Tesla's Cyclically Adjusted PS Ratio too high?
Tesla's current Cyclically Adjusted PS Ratio of 18.31 is 15% below median its 10-year median of 21.51. Over the past 10 years, this metric has ranged from a low of 5.04 to a high of 74.34. The Vehicles & Parts industry median Cyclically Adjusted PS Ratio is 0.76. Tesla's value of 18.31 is 2325.2% above this industry median. Based on the distribution chart, Tesla ranks #1035 out of 1040 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Tesla has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tesla's Cyclically Adjusted PS Ratio compare to GM and F?
According to the Vehicles & Parts industry distribution chart, Tesla ranks #1035 out of 1040 companies for Cyclically Adjusted PS Ratio. This places Tesla in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.76. Tesla's value of 18.31 is 2325.2% above this benchmark. Historically, Tesla's own Cyclically Adjusted PS Ratio has ranged from 5.04 to 74.34 over the past decade. While the company's 10-year median is 21.51 vs. the industry median of 0.76, 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 PS Ratio for a Vehicles & Parts company?
The median Cyclically Adjusted PS Ratio among Vehicles & Parts companies is 0.76, based on 1,040 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tesla's current Cyclically Adjusted PS Ratio of 18.31 is 2325.2% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Tesla and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PS Ratio is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tesla's current Cyclically Adjusted PS Ratio is 18.31, which is 15% below median its own 10-year median of 21.51. 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 ฿32.01, compared to a current price of ฿33.50 — trading 4.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 18.31, which is 15% below median its 10-year median of 21.51 and 2325.2% above the Vehicles & Parts industry median of 0.76. Tesla's overall GF Score™ is 68/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Tesla (BKK:TSLA01), the current Cyclically Adjusted PS Ratio is 18.31 as of Aug. 17, 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 ฿33.50 is trading 4.7% above its estimated GF Value™ of ฿32.01. GuruFocus considers Tesla to be Fairly Valued.

Key valuation signals for BKK:TSLA01:

  • Cyclically Adjusted PS Ratio: 18.31 (15% below median its 10-year median of 21.51)
  • GF Value™: ฿32.01 vs. price of ฿33.50 (4.7% above fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 2325.2% above the Vehicles & Parts median (#1035 of 1040)

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.
68GF Score

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

฿33.50
Price
฿32.01
GF Value