Question 1

What is Tesla's P/S ratio?

Accepted Answer

Tesla (TSLA) P/S ratio is 14.1× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Tesla?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Tesla specifically, the relevant sector benchmark is the current sector median of 1.9×.

Question 5

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

Accepted Answer

Tesla's P/S ratio of 14.1× is above its own 5-year average of 11.3× and above the sector median of 1.9×. That places the current reading at the 62th 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/S ratio range?

Accepted Answer

In the available daily series, Tesla (TSLA) P/S ratio has ranged from a low of 1.6× in 2019 to a high of 152.9× in 2008. The 5-year average is 11.3× and the 5-year median is 10.7×.

Question 7

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

Accepted Answer

Tesla (TSLA) P/S ratio at the end of 2025 was 15.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$94.83B	15.3×	+2.0×	Dec 31, 2025
2024	$1.30T	$97.69B	13.3×	+5.1×	Dec 31, 2024
2023	$790.41B	$96.77B	8.2×	+3.4×	Dec 31, 2023
2022	$389.25B	$81.46B	4.8×	-15.2×	Dec 31, 2022
2021	$1.07T	$53.82B	19.9×	-1.4×	Dec 31, 2021
2020	$671.08B	$31.54B	21.3×	+18.2×	Dec 31, 2020
2019	$75.30B	$24.58B	3.1×	+0.4×	Dec 31, 2019
2018	$57.26B	$21.46B	2.7×	-1.8×	Dec 31, 2018
2017	$52.41B	$11.76B	4.5×	-0.3×	Dec 31, 2017
2016	$33.14B	$7.00B	4.7×	-3.0×	Dec 31, 2016
2015	$31.46B	$4.05B	7.8×	-1.0×	Dec 31, 2015
2014	$27.92B	$3.20B	8.7×	-0.4×	Dec 31, 2014
2013	$18.48B	$2.01B	9.2×	-0.2×	Dec 31, 2013
2012	$3.86B	$413.26M	9.3×	-4.9×	Dec 31, 2012
2011	$2.91B	$204.24M	14.3×	-6.8×	Dec 31, 2011
2010	$2.46B	$116.74M	21.1×	-8.3×	Dec 31, 2010
2009	$3.30B	$111.94M	29.4×	-123.5×	Dec 31, 2009
2008	$3.30B	$21.55M	152.9×	—	Dec 31, 2008


Casey's General Stores (CASY)	1.3×
Toll Brothers (TOL)	1.2×
D.R. Horton (DHI)	1.2×
Li Auto (LI)	1.2×
Ball (BALL)	1.2×
Weyco Group (WEYS)	1.1×
NIO (NIO)	1.1×
Amcor (AMCR)	0.9×
Norwegian Cruise Line (NCLH)	0.9×
Lennar (LEN)	0.8×
XPeng (XPEV)	0.8×
International Paper (IP)	0.8×
Sonoco Products (SON)	0.7×
Smurfit Westrock (SW)	0.7×
V.F. (VFC)	0.7×
Genuine Parts (GPC)	0.6×
Mohawk Industries (MHK)	0.5×
LKQ (LKQ)	0.5×
MGM Resorts (MGM)	0.5×
Polaris (PII)	0.4×
ChargePoint Holdings (CHPT)	0.4×
General Motors (GM)	0.4×
Leggett & Platt (LEG)	0.3×
Best Buy Co. (BBY)	0.3×
Ford Motor (F)	0.2×

P/S Ratio for Tesla (TSLA)

P/S Ratio daily chart for Tesla (TSLA)

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

About P/S Ratio at Tesla (TSLA)

Tesla P/S Ratio by Year

Tesla P/S Ratio 2025: 15.3×

Tesla P/S Ratio 2024: 13.3×

Tesla P/S Ratio 2023: 8.2×

Tesla P/S Ratio 2022: 4.8×

Tesla P/S Ratio 2021: 19.9×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Tesla (TSLA) Key Financials

P/S Ratio daily chart for Tesla (TSLA)

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

About P/S Ratio at Tesla (TSLA)

Tesla P/S Ratio by Year

Tesla P/S Ratio 2025: 15.3×

Tesla P/S Ratio 2024: 13.3×

Tesla P/S Ratio 2023: 8.2×

Tesla P/S Ratio 2022: 4.8×

Tesla P/S Ratio 2021: 19.9×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Tesla's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

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

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

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

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

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

Tesla (TSLA) Key Financials