Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Tesla Inc. (NASDAQ:TSLA)

Common Stock Valuation Ratios (Price Multiples)

Beginner level

Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).


Current Valuation Ratios

Tesla Inc., current price multiples

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Tesla Inc. General Motors Co. Automobiles & Parts Consumer Goods
Selected Financial Data
Current share price (P) $597.95
No. shares of common stock outstanding 959,853,504
Growth rate (g) -17.80%
 
Earnings per share (EPS) $0.75
Next year expected EPS $0.62
Operating profit per share $2.08
Sales per share $32.86
Book value per share (BVPS) $23.15
Valuation Ratios (Price Multiples)
Price to earnings (P/E) 796.04 12.40 93.48 35.29
Price to next year expected earnings 968.41 11.25 84.17 32.44
Price to operating profit (P/OP) 287.84 11.67 75.50 25.88
Price to sales (P/S) 18.20 0.71 4.65 4.01
Price to book value (P/BV) 25.82 1.72 9.69 11.19

Based on: 10-K (filing date: 2021-02-08).

If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.


Historical Valuation Ratios (Summary)

Tesla Inc., historical price multiples

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Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Price to earnings (P/E) 1,149.45
Price to operating profit (P/OP) 415.63
Price to sales (P/S) 26.28 5.93 2.46 5.06 5.77
Price to book value (P/BV) 37.29 22.03 10.72 14.03 8.50

Based on: 10-K (filing date: 2021-02-08), 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-19), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-03-01).

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Tesla Inc.’s P/S ratio increased from 2018 to 2019 and from 2019 to 2020.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. Tesla Inc.’s P/BV ratio increased from 2018 to 2019 and from 2019 to 2020.

Price to Earnings (P/E)

Tesla Inc., historical P/E calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
No. shares of common stock outstanding1 959,853,504 906,707,930 863,607,435 844,599,705 808,352,140
Selected Financial Data (US$)
Net income (loss) attributable to common stockholders (in millions) 721  (862) (976) (1,961) (675)
Earnings per share (EPS)2 0.75 -0.95 -1.13 -2.32 -0.83
Share price1, 3 863.42 160.80 61.13 70.41 50.00
Valuation Ratio
P/E ratio4 1,149.45
Benchmarks
P/E Ratio, Competitors5
General Motors Co. 12.66 7.61 7.11 5.58
P/E Ratio, Sector
Automobiles & Parts 130.29 34.25 15.71 10.63
P/E Ratio, Industry
Consumer Goods 38.50 33.96 20.23 29.96 19.94

Based on: 10-K (filing date: 2021-02-08), 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-19), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-03-01).

1 Data adjusted for splits and stock dividends.

2 2020 Calculation
EPS = Net income (loss) attributable to common stockholders ÷ No. shares of common stock outstanding
= 721,000,000 ÷ 959,853,504 = 0.75

3 Closing price as at the filing date of Tesla Inc.’s Annual Report.

4 2020 Calculation
P/E ratio = Share price ÷ EPS
= 863.42 ÷ 0.75 = 1,149.45

5 Click competitor name to see calculations.


Price to Operating Profit (P/OP)

Tesla Inc., historical P/OP calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
No. shares of common stock outstanding1 959,853,504 906,707,930 863,607,435 844,599,705 808,352,140
Selected Financial Data (US$)
Income (loss) from operations (in millions) 1,994  (69) (388) (1,632) (667)
Operating profit per share2 2.08 -0.08 -0.45 -1.93 -0.83
Share price1, 3 863.42 160.80 61.13 70.41 50.00
Valuation Ratio
P/OP ratio4 415.63
Benchmarks
P/OP Ratio, Competitors5
General Motors Co. 11.92 9.13 12.66 5.86 5.51
P/OP Ratio, Sector
Automobiles & Parts 105.22 36.19 26.88 14.10 10.48
P/OP Ratio, Industry
Consumer Goods 28.23 22.50 16.85 16.79 16.76

Based on: 10-K (filing date: 2021-02-08), 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-19), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-03-01).

1 Data adjusted for splits and stock dividends.

2 2020 Calculation
Operating profit per share = Income (loss) from operations ÷ No. shares of common stock outstanding
= 1,994,000,000 ÷ 959,853,504 = 2.08

3 Closing price as at the filing date of Tesla Inc.’s Annual Report.

4 2020 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 863.42 ÷ 2.08 = 415.63

5 Click competitor name to see calculations.


Price to Sales (P/S)

Tesla Inc., historical P/S calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
No. shares of common stock outstanding1 959,853,504 906,707,930 863,607,435 844,599,705 808,352,140
Selected Financial Data (US$)
Revenues (in millions) 31,536  24,578  21,461  11,759  7,000 
Sales per share2 32.86 27.11 24.85 13.92 8.66
Share price1, 3 863.42 160.80 61.13 70.41 50.00
Valuation Ratio
P/S ratio4 26.28 5.93 2.46 5.06 5.77
Benchmarks
P/S Ratio, Competitors5
General Motors Co. 0.73 0.41 0.42 0.44 0.34
P/S Ratio, Sector
Automobiles & Parts 6.47 1.33 0.71 0.81 0.57
P/S Ratio, Industry
Consumer Goods 4.37 2.95 2.33 2.54 2.39

Based on: 10-K (filing date: 2021-02-08), 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-19), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-03-01).

1 Data adjusted for splits and stock dividends.

2 2020 Calculation
Sales per share = Revenues ÷ No. shares of common stock outstanding
= 31,536,000,000 ÷ 959,853,504 = 32.86

3 Closing price as at the filing date of Tesla Inc.’s Annual Report.

4 2020 Calculation
P/S ratio = Share price ÷ Sales per share
= 863.42 ÷ 32.86 = 26.28

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Tesla Inc.’s P/S ratio increased from 2018 to 2019 and from 2019 to 2020.

Price to Book Value (P/BV)

Tesla Inc., historical P/BV calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
No. shares of common stock outstanding1 959,853,504 906,707,930 863,607,435 844,599,705 808,352,140
Selected Financial Data (US$)
Stockholders’ equity (in millions) 22,225  6,618  4,923  4,237  4,753 
Book value per share (BVPS)2 23.15 7.30 5.70 5.02 5.88
Share price1, 3 863.42 160.80 61.13 70.41 50.00
Valuation Ratio
P/BV ratio4 37.29 22.03 10.72 14.03 8.50
Benchmarks
P/BV Ratio, Competitors5
General Motors Co. 1.76 1.20 1.45 1.68 1.20
P/BV Ratio, Sector
Automobiles & Parts 13.50 4.05 2.49 3.01 1.91
P/BV Ratio, Industry
Consumer Goods 12.21 9.02 6.96 7.48 6.84

Based on: 10-K (filing date: 2021-02-08), 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-19), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-03-01).

1 Data adjusted for splits and stock dividends.

2 2020 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= 22,225,000,000 ÷ 959,853,504 = 23.15

3 Closing price as at the filing date of Tesla Inc.’s Annual Report.

4 2020 Calculation
P/BV ratio = Share price ÷ BVPS
= 863.42 ÷ 23.15 = 37.29

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. Tesla Inc.’s P/BV ratio increased from 2018 to 2019 and from 2019 to 2020.