Question 1

What is Tesla's P/E ratio?

Accepted Answer

Tesla (TSLA) P/E ratio is 356.9× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Tesla?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Tesla specifically, the relevant sector benchmark is the current sector median of 21.9×.

Question 5

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

Accepted Answer

Tesla's P/E ratio of 356.9× is above its own 5-year average of 144.8× and above the sector median of 21.9×. That places the current reading at the 86th 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/E ratio range?

Accepted Answer

In the available daily series, Tesla (TSLA) P/E ratio has ranged from a low of 30.9× in 2022 to a high of 1018.3× in 2020. The 5-year average is 144.8× and the 5-year median is 103.6×.

Question 7

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

Accepted Answer

Tesla (TSLA) P/E ratio at the end of 2025 was 383.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$3.79B	383.0×	+204.5×	Dec 31, 2025
2024	$1.30T	$7.27B	178.5×	+125.8×	Dec 31, 2024
2023	$790.41B	$15.00B	52.7×	+21.8×	Dec 31, 2023
2022	$389.25B	$12.58B	30.9×	-163.4×	Dec 31, 2022
2021	$1.07T	$5.52B	194.4×	-824.0×	Dec 31, 2021
2020	$671.08B	$659.00M	1018.3×	—	Dec 31, 2020
2019	$75.30B	−$862.00M	—	—	Dec 31, 2019
2018	$57.26B	−$976.61M	—	—	Dec 31, 2018
2017	$52.41B	−$1.96B	—	—	Dec 31, 2017
2016	$33.14B	−$674.91M	—	—	Dec 31, 2016
2015	$31.46B	−$888.66M	—	—	Dec 31, 2015
2014	$27.92B	−$294.04M	—	—	Dec 31, 2014
2013	$18.48B	−$74.01M	—	—	Dec 31, 2013
2012	$3.86B	−$396.21M	—	—	Dec 31, 2012
2011	$2.91B	−$254.41M	—	—	Dec 31, 2011
2010	$2.46B	−$154.33M	—	—	Dec 31, 2010
2009	$3.30B	−$55.74M	—	—	Dec 31, 2009
2008	$3.30B	−$86.43M	—	—	Dec 31, 2008


Las Vegas Sands (LVS)	19.6×
Avery Dennison (AVY)	19.3×
Williams-Sonoma (WSM)	19.1×
Expedia Group (EXPE)	18.9×
Etsy (ETSY)	16.9×
Ball (BALL)	16.8×
Royal Caribbean Cruises (RCL)	16.6×
Lennar (LEN)	15.6×
GameStop (GME)	15.6×
Norwegian Cruise Line (NCLH)	15.0×
NVR (NVR)	14.8×
Masco (MAS)	14.6×
LKQ (LKQ)	14.5×
Mohawk Industries (MHK)	14.3×
Carnival Corporation (CCL)	14.0×
Deckers Outdoor (DECK)	13.8×
Weyco Group (WEYS)	12.8×
D.R. Horton (DHI)	12.5×
Best Buy Co. (BBY)	11.1×
PulteGroup (PHM)	11.0×
PDD Holdings (PDD)	10.7×
Toll Brothers (TOL)	10.5×
Lululemon Athletica (LULU)	10.2×
Leggett & Platt (LEG)	6.1×
Sonoco Products (SON)	5.1×

P/E Ratio for Tesla (TSLA)

P/E Ratio daily chart for Tesla (TSLA)

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

About P/E Ratio at Tesla (TSLA)

Tesla P/E Ratio by Year

Tesla P/E Ratio 2025: 383.0×

Tesla P/E Ratio 2024: 178.5×

Tesla P/E Ratio 2023: 52.7×

Tesla P/E Ratio 2022: 30.9×

Tesla P/E Ratio 2021: 194.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Tesla (TSLA) Key Financials

P/E Ratio daily chart for Tesla (TSLA)

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

About P/E Ratio at Tesla (TSLA)

Tesla P/E Ratio by Year

Tesla P/E Ratio 2025: 383.0×

Tesla P/E Ratio 2024: 178.5×

Tesla P/E Ratio 2023: 52.7×

Tesla P/E Ratio 2022: 30.9×

Tesla P/E Ratio 2021: 194.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Tesla's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

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

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

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

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

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

Tesla (TSLA) Key Financials