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Tesla (LIM:TSLA) PB Ratio : 8.86 (As of Jun. 15, 2024)


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What is Tesla PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-06-15), Tesla's share price is $178.90. Tesla's Book Value per Share for the quarter that ended in Mar. 2024 was $20.19. Hence, Tesla's PB Ratio of today is 8.86.

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

LIM:TSLA' s PB Ratio Range Over the Past 10 Years
Min: 6.63   Med: 17.74   Max: 73.03
Current: 8.82

During the past 13 years, Tesla's highest PB Ratio was 73.03. The lowest was 6.63. And the median was 17.74.

LIM:TSLA's PB Ratio is ranked worse than
96.43% of 1259 companies
in the Vehicles & Parts industry
Industry Median: 1.38 vs LIM:TSLA: 8.82

During the past 12 months, Tesla's average Book Value Per Share Growth Rate was 33.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 36.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 63.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 50.90% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Tesla was 96.00% per year. The lowest was 7.50% per year. And the median was 51.20% per year.

Back to Basics: PB Ratio


Tesla PB Ratio Historical Data

The historical data trend for Tesla's 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.

* Premium members only.

Tesla PB Ratio Chart

Tesla Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 37.37 8.51 12.58

Tesla Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 13.55 16.33 14.66 12.58 8.91

Competitive Comparison of Tesla's PB Ratio

For the Auto Manufacturers subindustry, Tesla's PB Ratio, along with its competitors' market caps and 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's PB Ratio Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Tesla's PB Ratio falls into.



Tesla PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Tesla's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2024)
=178.90/20.188
=8.86

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.


Tesla  (LIM:TSLA) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Tesla PB Ratio Related Terms

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


Tesla (LIM:TSLA) 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.

Tesla (LIM:TSLA) Headlines

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