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TeslaTSLA -2.63%85 Graham Number is $30.06 as of Mar. 2026, which is 183% above its 10-year median of 10.64. GuruFocus rates TSLA with a GF Score™ of 85/100 and a GF Value™ of $291.14 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 984 Vehicles & Parts companies, Tesla ranks worse than 99.19% on this metric.
Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
As of today (2026-07-18), the stock price of Tesla is $380.84. Tesla's graham number for the quarter that ended in Mar. 2026 was $30.06. Therefore, Tesla's Price to Graham Number ratio for today is 12.67.
The historical rank and industry rank for Tesla's Graham Number or its related term are showing as below:
TSLA'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 3.58 Med: 10.64 Max: 30.38
Current: 12.67
During the past 13 years, the highest Price to Graham Number ratio of Tesla was 30.38. The lowest was 3.58. And the median was 10.64.
TSLA's Price-to-Graham-Number is ranked worse than 99.19% of 984
companies
in the Vehicles & Parts industry
Industry Median: 1.14
vs TSLA: 12.67
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Tesla (NAS:TSLA) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
Tesla's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
380.84
/
30.06
=
12.67
* 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.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
Tesla Graham Number Related Terms
Tesla Graham Number Historical Data
* Premium members only.
The historical data trend for Tesla's Graham Number 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.
For the Auto Manufacturers subindustry, Tesla's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number 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 Price-to-Graham-Number vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Tesla's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Tesla's Price-to-Graham-Number falls into.
* 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 (TSLA) has a Graham Number of $30.06 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Tesla and its competitors. This is 183% above median its historical median of 10.64. Over the past decade, Tesla's Graham Number has ranged from 3.58 to 30.38. According to the industry distribution chart, Tesla ranks #976 out of 984 companies in the Vehicles & Parts industry, placing it in the top 99.2%.
Is Tesla's Graham Number too high?
Tesla's current Graham Number of $30.06 is 183% above median its 10-year median of 10.64. Over the past 10 years, this metric has ranged from a low of 3.58 to a high of 30.38. The Vehicles & Parts industry median Graham Number is 1.14. Tesla's value of $30.06 is 2536.8% above this industry median. Based on the distribution chart, Tesla ranks #976 out of 984 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Tesla has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tesla's Graham Number compare to GM and F?
According to the Vehicles & Parts industry distribution chart, Tesla ranks #976 out of 984 companies for Graham Number. This places Tesla in the lower half of its industry. The industry median Graham Number is 1.14. Tesla's value of $30.06 is 2536.8% above this benchmark. Historically, Tesla's own Graham Number has ranged from 3.58 to 30.38 over the past decade. While the company's 10-year median is 10.64 vs. the industry median of 1.14, 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 Graham Number for a Vehicles & Parts company?
The median Graham Number among Vehicles & Parts companies is 1.14, based on 984 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tesla's current Graham Number of $30.06 is 2536.8% 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 Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Tesla and its competitors. For the Vehicles & Parts industry, the median Graham Number is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tesla's current Graham Number is $30.06, which is 183% above median its own 10-year median of 10.64. 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 (TSLA) is currently considered Significantly Overvalued. The stock's GF Value™ is $291.14, compared to a current price of $380.84 — trading 30.8% above its estimated fair value. The current Graham Number is $30.06, which is 183% above median its 10-year median of 10.64 and 2536.8% above the Vehicles & Parts industry median of 1.14. Tesla's overall GF Score™ is 85/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Tesla (TSLA), the current Graham Number is $30.06 as of Mar. 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 (TSLA) Overvalued in 2026?
Based on GuruFocus' analysis, Tesla stock appears to be overvalued.
The current stock price of $380.84 is trading 30.8% above its estimated GF Value™ of $291.14.
GuruFocus considers Tesla to be Significantly Overvalued.
Key valuation signals for TSLA:
Graham Number: $30.06 (183% above median its 10-year median of 10.64)
GF Value™: $291.14 vs. price of $380.84 (30.8% above fair value)
Industry Position: 2536.8% above the Vehicles & Parts median (#976 of 984)
No single metric tells the full story. See the TSLA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
85GF Score
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