TeslaHAM:TL0 +0.64%84 PB Ratio is 17.40 as of Jun. 24, 2026, which is 27% above its 10-year median of 13.66. GuruFocus rates HAM:TL0 with a GF Score™ of 84/100 and a GF Value™ of €252.87 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,295 Vehicles & Parts companies, Tesla ranks worse than 98.46% on this metric.
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 (2026-06-24), Tesla's share price is €337.15. Tesla's Book Value per Share for the quarter that ended in Mar. 2026 was €19.38. Hence, Tesla's PB Ratio of today is 17.40.
The historical rank and industry rank for Tesla's PB Ratio or its related term are showing as below:
HAM:TL0'
s PB Ratio Range Over the Past 10 Years
Min: 6.63 Med: 13.66 Max: 45.35
Current: 17.15
During the past 13 years, Tesla's highest PB Ratio was 45.35. The lowest was 6.63. And the median was 13.66.
HAM:TL0's PB Ratio is ranked worse than 98.46% of 1295
companies
in the Vehicles & Parts industry
Industry Median: 1.39
vs HAM:TL0: 17.15
During the past 12 months, Tesla's average Book Value Per Share Growth Rate was -3.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 15.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 26.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 45.20% 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.
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
Tesla PB Ratio Historical Data
* Premium members only.
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.
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 PB Ratio vs 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.
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:
* 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 (HAM:TL0) has a PB Ratio of 17.40 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tesla and its competitors. This is 27% above median its historical median of 13.66. Over the past decade, Tesla's PB Ratio has ranged from 6.63 to 45.35. According to the industry distribution chart, Tesla ranks #1275 out of 1295 companies in the Vehicles & Parts industry, placing it in the top 98.5%.
Is Tesla's PB Ratio too high?
Tesla's current PB Ratio of 17.40 is 27% above median its 10-year median of 13.66. Over the past 10 years, this metric has ranged from a low of 6.63 to a high of 45.35. The Vehicles & Parts industry median PB Ratio is 1.39. Tesla's value of 17.40 is 1151.8% above this industry median. Based on the distribution chart, Tesla ranks #1275 out of 1295 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Tesla has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tesla's PB Ratio compare to GM and F?
According to the Vehicles & Parts industry distribution chart, Tesla ranks #1275 out of 1295 companies for PB Ratio. This places Tesla in the lower half of its industry. The industry median PB Ratio is 1.39. Tesla's value of 17.40 is 1151.8% above this benchmark. Historically, Tesla's own PB Ratio has ranged from 6.63 to 45.35 over the past decade. While the company's 10-year median is 13.66 vs. the industry median of 1.39, 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 PB Ratio for a Vehicles & Parts company?
The median PB Ratio among Vehicles & Parts companies is 1.39, based on 1,295 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tesla's current PB Ratio of 17.40 is 1151.8% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tesla and its competitors. For the Vehicles & Parts industry, the median PB Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tesla's current PB Ratio is 17.40, which is 27% above median its own 10-year median of 13.66. 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 (HAM:TL0) is currently considered Significantly Overvalued. The stock's GF Value™ is €252.87, compared to a current price of €337.15 — trading 33.3% above its estimated fair value. The current PB Ratio is 17.40, which is 27% above median its 10-year median of 13.66 and 1151.8% above the Vehicles & Parts industry median of 1.39. Tesla's overall GF Score™ is 84/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Tesla (HAM:TL0), the current PB Ratio is 17.40 as of Jun. 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 (HAM:TL0) Overvalued in 2026?
Based on GuruFocus' analysis, Tesla stock appears to be overvalued.
The current stock price of €337.15 is trading 33.3% above its estimated GF Value™ of €252.87.
GuruFocus considers Tesla to be Significantly Overvalued.
Key valuation signals for HAM:TL0:
PB Ratio: 17.40 (27% above median its 10-year median of 13.66)
GF Value™: €252.87 vs. price of €337.15 (33.3% above fair value)
Industry Position: 1151.8% above the Vehicles & Parts median (#1275 of 1295)
No single metric tells the full story. See the HAM:TL0 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.
84GF Score
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