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Tesla (MIL:1TSLA) Cyclically Adjusted PS Ratio : 14.50 (As of May. 05, 2024)


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What is Tesla Cyclically Adjusted PS Ratio?

As of today (2024-05-05), Tesla's current share price is €167.02. Tesla's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €11.52. Tesla's Cyclically Adjusted PS Ratio for today is 14.50.

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

MIL:1TSLA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.06   Med: 21.33   Max: 74.34
Current: 14.7

During the past years, Tesla's highest Cyclically Adjusted PS Ratio was 74.34. The lowest was 5.06. And the median was 21.33.

MIL:1TSLA's Cyclically Adjusted PS Ratio is ranked worse than
98.89% of 994 companies
in the Vehicles & Parts industry
Industry Median: 0.65 vs MIL:1TSLA: 14.70

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 Mar. 2024 was €5.625. 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 €11.52 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tesla Cyclically Adjusted PS Ratio Historical Data

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.

* Premium members only.

Tesla Cyclically Adjusted PS Ratio Chart

Tesla Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.70 56.20 57.83 13.97 21.13

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 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 21.61 25.19 22.50 21.13 14.26

Competitive Comparison of Tesla's Cyclically Adjusted PS Ratio

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's Cyclically Adjusted PS Ratio Distribution in the 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.



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
=167.02/11.52
=14.50

* 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 Mar. 2024 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=5.625/129.4194*129.4194
=5.625

Current CPI (Mar. 2024) = 129.4194.

Tesla Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.304 100.560 0.391
201409 0.353 100.428 0.455
201412 0.412 99.070 0.538
201503 0.460 99.621 0.598
201506 0.448 100.684 0.576
201509 0.431 100.392 0.556
201512 0.567 99.792 0.735
201603 0.518 100.470 0.667
201606 0.538 101.688 0.685
201609 0.870 101.861 1.105
201612 0.931 101.863 1.183
201703 1.037 102.862 1.305
201706 1.002 103.349 1.255
201709 0.998 104.136 1.240
201712 1.094 104.011 1.361
201803 1.090 105.290 1.340
201806 1.344 106.317 1.636
201809 2.190 106.507 2.661
201812 2.456 105.998 2.999
201903 1.549 107.251 1.869
201906 2.117 108.070 2.535
201909 2.069 108.329 2.472
201912 2.456 108.420 2.932
202003 1.816 108.902 2.158
202006 1.725 108.767 2.053
202009 2.246 109.815 2.647
202012 2.549 109.897 3.002
202103 2.567 111.754 2.973
202106 2.957 114.631 3.338
202109 3.471 115.734 3.881
202112 4.652 117.630 5.118
202203 4.905 121.301 5.233
202206 4.625 125.017 4.788
202209 6.248 125.227 6.457
202212 6.600 125.222 6.821
202303 6.283 127.348 6.385
202306 6.615 128.729 6.650
202309 6.264 129.860 6.243
202312 6.599 129.419 6.599
202403 5.625 129.419 5.625

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.


Tesla  (MIL:1TSLA) 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

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


Tesla (MIL:1TSLA) Business Description

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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