Enterprise Value to EBITDA (EV/EBITDA)
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Tesla Inc., EBITDA calculation
US$ in millions
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Item | Description | The company |
|---|---|---|
| EBITDA | To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. | Tesla Inc. EBITDA increased from 2021 to 2022 but then slightly decreased from 2022 to 2023. |
Enterprise Value to EBITDA Ratio, Current
Tesla Inc., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in millions) | |
| Enterprise value (EV) | 471,945) |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | 14,796) |
| Valuation Ratio | |
| EV/EBITDA | 31.90 |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| Ford Motor Co. | 8.53 |
| General Motors Co. | 6.39 |
| EV/EBITDA, Sector | |
| Automobiles & Components | 14.34 |
| EV/EBITDA, Industry | |
| Consumer Discretionary | 17.81 |
Based on: 10-K (reporting date: 2023-12-31).
1 Click competitor name to see calculations.
If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.
Enterprise Value to EBITDA Ratio, Historical
Tesla Inc., historical EV/EBITDA calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Enterprise value (EV)1 | 584,941) | 529,785) | 927,706) | 821,920) | 153,799) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 14,796) | 17,657) | 9,625) | 4,224) | 2,174) | |
| Valuation Ratio | ||||||
| EV/EBITDA3 | 39.53 | 30.00 | 96.39 | 194.58 | 70.74 | |
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| Ford Motor Co. | 8.76 | 18.49 | 4.76 | 12.41 | 9.93 | |
| General Motors Co. | 6.17 | 5.96 | 6.40 | 7.48 | 6.01 | |
| EV/EBITDA, Sector | ||||||
| Automobiles & Components | 16.52 | 16.47 | 19.60 | 31.02 | 11.22 | |
| EV/EBITDA, Industry | ||||||
| Consumer Discretionary | 17.80 | 20.04 | 21.99 | 30.91 | 17.35 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
3 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 584,941 ÷ 14,796 = 39.53
4 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| EV/EBITDA | Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. | Tesla Inc. EV/EBITDA ratio decreased from 2021 to 2022 but then slightly increased from 2022 to 2023. |