19 years of historical data (2007–2025) · Consumer Cyclical · Auto - Manufacturers
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Tesla, Inc. trades at 372.7x earnings, 102% above its 5-year average of 184.5x, sitting at the 100th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 18.8x, the stock trades at a premium of 1887%. On a free-cash-flow basis, the stock trades at 242.7x P/FCF, roughly in line with the 5-year average of 249.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.51T | $1.59T | $1.41T | $865.4B | $428.1B | $1.19T | $764.2B | $74.0B | $56.8B | $51.6B | $30.8B |
| Enterprise Value | $1.50T | $1.58T | $1.41T | $858.6B | $417.5B | $1.18T | $758.1B | $82.4B | $66.9B | $60.4B | $36.2B |
| P/E Ratio → | 372.69 | 416.41 | 198.13 | 57.65 | 34.03 | 216.11 | 1120.10 | — | — | — | — |
| P/S Ratio | 15.92 | 16.78 | 14.46 | 8.94 | 5.25 | 22.16 | 24.23 | 3.01 | 2.65 | 4.39 | 4.40 |
| P/B Ratio | 17.19 | 19.21 | 19.17 | 13.60 | 9.33 | 37.77 | 32.27 | 9.13 | 8.99 | 9.16 | 5.22 |
| P/FCF | 242.74 | 255.88 | 394.48 | 198.62 | 56.68 | 342.45 | 282.94 | 76.50 | — | — | — |
| P/OCF | 102.38 | 107.92 | 94.66 | 65.28 | 29.07 | 103.74 | 128.59 | 30.79 | 27.07 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Tesla, Inc.'s enterprise value stands at 143.0x EBITDA, 50% above its 5-year average of 95.4x. The Consumer Cyclical sector median is 11.0x, placing the stock at a 1202% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 16.70 | 14.43 | 8.87 | 5.13 | 22.00 | 24.04 | 3.35 | 3.12 | 5.13 | 5.18 |
| EV / EBITDA | 142.98 | 150.76 | 113.32 | 63.33 | 23.99 | 125.51 | 175.65 | 39.51 | 44.23 | 15095.00 | 129.52 |
| EV / EBIT | 344.82 | 281.95 | 150.98 | 84.76 | 30.02 | 176.36 | 398.59 | 4119.15 | — | — | — |
| EV / FCF | — | 254.57 | 393.78 | 197.06 | 55.29 | 339.95 | 280.68 | 85.11 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Tesla, Inc. earns an operating margin of 4.6%, above the Consumer Cyclical sector average of 2.4%. Operating margins have compressed from 9.2% to 4.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 4.8% is modest, trailing the sector median of 6.5%. ROIC of 4.5% represents below-average returns on invested capital versus a sector median of 5.6%.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.0% | 18.0% | 17.9% | 18.2% | 25.6% | 25.3% | 21.0% | 16.6% | 18.8% | 18.9% | 22.8% |
| Operating Margin | 4.6% | 4.6% | 7.2% | 9.2% | 16.8% | 12.1% | 6.3% | -0.3% | -1.8% | -13.9% | -9.5% |
| Net Profit Margin | 4.0% | 4.0% | 7.3% | 15.5% | 15.4% | 10.3% | 2.3% | -3.5% | -4.5% | -16.7% | -9.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.8% | 4.8% | 10.4% | 27.4% | 32.5% | 20.0% | 4.5% | -12.0% | -16.3% | -34.0% | -19.3% |
| ROA | 2.9% | 2.9% | 6.2% | 15.9% | 17.4% | 9.7% | 1.7% | -2.7% | -3.3% | -7.6% | -4.4% |
| ROIC | 4.5% | 4.5% | 8.3% | 14.5% | 35.2% | 24.2% | 8.8% | -0.3% | -1.9% | -9.5% | -7.1% |
| ROCE | 4.4% | 4.4% | 8.3% | 13.3% | 27.9% | 16.2% | 6.5% | -0.3% | -1.9% | -8.6% | -6.0% |
Solvency and debt-coverage ratios — lower is generally safer
Tesla, Inc. carries a Debt/EBITDA ratio of 0.8x, which is very conservative (81% below the sector average of 4.2x). The company holds a net cash position — cash of $16.5B exceeds total debt of $8.4B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 12.9x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.10 | 0.10 | 0.18 | 0.15 | 0.13 | 0.28 | 0.56 | 1.80 | 2.19 | 2.15 | 1.49 |
| Debt / EBITDA | 0.80 | 0.80 | 1.09 | 0.71 | 0.33 | 0.94 | 3.08 | 7.00 | 9.14 | 3032.72 | 31.46 |
| Net Debt / Equity | — | -0.10 | -0.03 | -0.11 | -0.23 | -0.28 | -0.26 | 1.03 | 1.61 | 1.56 | 0.92 |
| Net Debt / EBITDA | -0.77 | -0.77 | -0.20 | -0.50 | -0.60 | -0.92 | -1.41 | 4.00 | 6.70 | 2190.74 | 19.33 |
| Debt / FCF | — | -1.31 | -0.70 | -1.57 | -1.39 | -2.50 | -2.26 | 8.61 | — | — | — |
| Interest Coverage | 12.88 | 12.88 | 20.22 | 56.99 | 71.50 | 17.58 | 2.67 | -0.10 | -0.59 | -3.46 | -3.36 |
Net cash position: cash ($16.5B) exceeds total debt ($8.4B)
Short-term solvency ratios and asset-utilisation metrics
Tesla, Inc.'s current ratio of 2.16x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.77x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.73x to 2.16x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.16 | 2.16 | 2.02 | 1.73 | 1.53 | 1.38 | 1.88 | 1.13 | 0.83 | 0.86 | 1.07 |
| Quick Ratio | 1.77 | 1.77 | 1.61 | 1.25 | 1.05 | 1.08 | 1.59 | 0.80 | 0.52 | 0.56 | 0.72 |
| Cash Ratio | 1.39 | 1.39 | 1.27 | 1.01 | 0.83 | 0.90 | 1.36 | 0.59 | 0.37 | 0.44 | 0.58 |
| Asset Turnover | — | 0.69 | 0.80 | 0.91 | 0.99 | 0.87 | 0.60 | 0.72 | 0.72 | 0.41 | 0.31 |
| Inventory Turnover | 6.27 | 6.27 | 6.68 | 5.81 | 4.72 | 6.99 | 6.07 | 5.77 | 5.60 | 4.21 | 2.61 |
| Days Sales Outstanding | — | 17.61 | 16.51 | 13.23 | 13.23 | 12.97 | 21.83 | 19.66 | 16.14 | 16.00 | 26.03 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Tesla, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 0.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.3% | 0.2% | 0.5% | 1.7% | 2.9% | 0.5% | 0.1% | — | — | — | — |
| FCF Yield | 0.4% | 0.4% | 0.3% | 0.5% | 1.8% | 0.3% | 0.4% | 1.3% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $3.5B | $3.5B | $3.5B | $3.5B | $3.4B | $3.2B | $2.7B | $2.6B | $2.5B | $2.2B |
Compare TSLA with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| TSLAYou | $1.5T | 372.7 | 143.0 | 242.7 | 18.0% | 4.6% | 4.8% | 4.5% | 0.8 |
| LI | $35B | 16.0 | 20.5 | 29.5 | 20.5% | 4.4% | 12.2% | 209.3% | 1.7 |
| NIO | $10B | -3.0 | — | — | 9.9% | -33.3% | -105.1% | -55.2% | — |
| VFS | $8B | -2.6 | — | — | -57.4% | -125.9% | — | -78.9% | — |
| ZK | $7B | -1.0 | — | 4.6 | 16.4% | -8.5% | — | — | — |
| XPEV | $6B | -9.8 | — | — | 14.3% | -16.3% | -17.1% | -16.9% | — |
| LCID | $3B | -0.8 | — | — | — | — | -117.6% | -98.7% | — |
| PSNY | $2B | -24.0 | — | — | -43.1% | -89.1% | — | -109.3% | — |
| FFAI | $101M | -0.0 | — | — | -15489.8% | -27780.7% | -207.4% | -39.0% | — |
| RIVN | $61M | -5.0 | — | — | 2.7% | -66.5% | -65.2% | -41.2% | — |
| CJET | $11M | -0.0 | — | — | -359.0% | -828.3% | — | -17.3% | — |
| Consumer Cyclical Median | — | 18.8 | 11.0 | 14.0 | 38.6% | 2.4% | 6.5% | 5.6% | 4.2 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 19 years · Updated daily
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Start ComparisonTesla, Inc.'s current P/E ratio is 372.7x. The historical average is 96.6x. This places it at the 100th percentile of its historical range.
Tesla, Inc.'s current EV/EBITDA is 143.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 42.8x.
Tesla, Inc.'s return on equity (ROE) is 4.8%. The historical average is -34.2%.
Based on historical data, Tesla, Inc. is trading at a P/E of 372.7x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Tesla, Inc. has 18.0% gross margin and 4.6% operating margin.
Tesla, Inc.'s Debt/EBITDA ratio is 0.8x, indicating low leverage. A ratio below 2x is generally considered financially healthy.