Question 1

What is Tesla's P/B ratio?

Accepted Answer

Tesla (TSLA) P/B ratio is 16.4× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Tesla?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Tesla specifically, the relevant sector benchmark is the current sector median of 4.2×.

Question 5

Is Tesla's P/B ratio high or low?

Accepted Answer

Tesla's P/B ratio of 16.4× is below its own 5-year average of 17.6× and above the sector median of 4.2×. That places the current reading at the 46th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Tesla's historical P/B ratio range?

Accepted Answer

In the available daily series, Tesla (TSLA) P/B ratio has ranged from a low of 7.0× in 2016 to a high of 54.4× in 2022. The 5-year average is 17.6× and the 5-year median is 15.5×.

Question 7

What was Tesla's P/B ratio in 2025?

Accepted Answer

Tesla (TSLA) P/B ratio at the end of 2025 was 17.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Tesla's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$1.45T	$82.14B	17.7×	-0.1×	Dec 31, 2025
2024	$1.30T	$72.91B	17.8×	+5.2×	Dec 31, 2024
2023	$790.41B	$62.63B	12.6×	+3.9×	Dec 31, 2023
2022	$389.25B	$44.70B	8.7×	-26.8×	Dec 31, 2022
2021	$1.07T	$30.19B	35.5×	+5.3×	Dec 31, 2021
2020	$671.08B	$22.23B	30.2×	+18.8×	Dec 31, 2020
2019	$75.30B	$6.62B	11.4×	-0.3×	Dec 31, 2019
2018	$57.26B	$4.92B	11.6×	-0.7×	Dec 31, 2018
2017	$52.41B	$4.24B	12.4×	+5.4×	Dec 31, 2017
2016	$33.14B	$4.75B	7.0×	-22.1×	Dec 31, 2016
2015	$31.46B	$1.08B	29.0×	-1.6×	Dec 31, 2015
2014	$27.92B	$911.71M	30.6×	+2.9×	Dec 31, 2014
2013	$18.48B	$667.12M	27.7×	-3.2×	Dec 31, 2013
2012	$3.86B	$124.70M	30.9×	+17.9×	Dec 31, 2012
2011	$2.91B	$224.04M	13.0×	+1.1×	Dec 31, 2011
2010	$2.46B	$207.05M	11.9×	—	Dec 31, 2010
2009	$3.30B	−$253.52M	—	—	Dec 31, 2009
2008	$3.30B	−$199.71M	—	—	Dec 31, 2008


V.F. (VFC)	3.5×
Carnival Corporation (CCL)	3.3×
Genuine Parts (GPC)	3.3×
Lululemon Athletica (LULU)	3.1×
Ball (BALL)	2.8×
PDD Holdings (PDD)	2.3×
GameStop (GME)	2.0×
XPeng (XPEV)	2.0×
Alibaba (BABA)	1.9×
Li Auto (LI)	1.8×
PulteGroup (PHM)	1.7×
Amcor (AMCR)	1.7×
D.R. Horton (DHI)	1.7×
Toll Brothers (TOL)	1.6×
Lucid Group (LCID)	1.5×
Sonoco Products (SON)	1.5×
Leggett & Platt (LEG)	1.3×
International Paper (IP)	1.3×
Lennar (LEN)	1.3×
Weyco Group (WEYS)	1.2×
Ford Motor (F)	1.2×
LKQ (LKQ)	1.2×
Smurfit Westrock (SW)	1.1×
General Motors (GM)	1.1×
Mohawk Industries (MHK)	0.7×

P/B Ratio for Tesla (TSLA)

P/B Ratio daily chart for Tesla (TSLA)

Historical P/B Ratio for Tesla (TSLA) from 2008 to 2025

About P/B Ratio at Tesla (TSLA)

Tesla P/B Ratio by Year

Tesla P/B Ratio 2025: 17.7×

Tesla P/B Ratio 2024: 17.8×

Tesla P/B Ratio 2023: 12.6×

Tesla P/B Ratio 2022: 8.7×

Tesla P/B Ratio 2021: 35.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Tesla (TSLA) Key Financials

P/B Ratio daily chart for Tesla (TSLA)

Historical P/B Ratio for Tesla (TSLA) from 2008 to 2025

About P/B Ratio at Tesla (TSLA)

Tesla P/B Ratio by Year

Tesla P/B Ratio 2025: 17.7×

Tesla P/B Ratio 2024: 17.8×

Tesla P/B Ratio 2023: 12.6×

Tesla P/B Ratio 2022: 8.7×

Tesla P/B Ratio 2021: 35.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Tesla's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for Tesla?

+Is Tesla's P/B ratio high or low?

+What is Tesla's historical P/B ratio range?

+What was Tesla's P/B ratio in 2025?

+Why does Tesla's P/B ratio change over time?

Tesla (TSLA) Key Financials