What is Tesla's P/S ratio?

Tesla (TSLA) P/S ratio is 11.2× as of August 7, 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).

How is the P/S ratio calculated?

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.

What is a good P/S ratio for Tesla?

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 1.8×.

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

Tesla's P/S ratio of 11.2× is above its own 5-year average of 11.2× and above the sector median of 1.8×. That places the current reading at the 47th 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.

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

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 11.2× and the 5-year median is 10.7×.

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

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.

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

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.

Tesla (TSLA) P/S Ratio — Price-to-Sales History

Current

11.2×

As of Aug 7, 2026

5-Year Average

11.2×

All-Time High

152.9×

Dec 31, 2008

All-Time Low

1.6×

Jun 30, 2019

P/S Ratio daily chart for Tesla (TSLA)

Aug 9, 2021 – Aug 7, 2026 · 1,255 trading days

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


2025	$1.45T	$94.8B	15.3×	+2.0×	Dec 31, 2025
2024	$1.3T	$97.7B	13.3×	+5.1×	Dec 31, 2024
2023	$790B	$96.8B	8.2×	+3.4×	Dec 31, 2023
2022	$389B	$81.5B	4.8×	-15.2×	Dec 31, 2022
2021	$1.07T	$53.8B	19.9×	-1.4×	Dec 31, 2021
2020	$671B	$31.5B	21.3×	+18.2×	Dec 31, 2020
2019	$75.3B	$24.6B	3.1×	+0.4×	Dec 31, 2019
2018	$57.3B	$21.5B	2.7×	-1.8×	Dec 31, 2018
2017	$52.4B	$11.8B	4.5×	-0.3×	Dec 31, 2017
2016	$33.1B	$7B	4.7×	-3.0×	Dec 31, 2016
2015	$31.5B	$4.05B	7.8×	-1.0×	Dec 31, 2015
2014	$27.9B	$3.2B	8.7×	-0.4×	Dec 31, 2014
2013	$18.5B	$2.01B	9.2×	-0.2×	Dec 31, 2013
2012	$3.86B	$413M	9.3×	-4.9×	Dec 31, 2012
2011	$2.91B	$204M	14.3×	-6.8×	Dec 31, 2011
2010	$2.46B	$117M	21.1×	-8.3×	Dec 31, 2010
2009	$3.3B	$112M	29.4×	-123.5×	Dec 31, 2009
2008	$3.3B	$21.6M	152.9×	—	Dec 31, 2008

202515.3×
202413.3×
20238.2×
20224.8×
202119.9×
202021.3×
20193.1×
20182.7×
20174.5×
20164.7×
20157.8×
20148.7×
20139.2×
20129.3×
201114.3×
201021.1×
200929.4×
2008152.9×

About P/S Ratio at Tesla (TSLA)

Tesla (TSLA) P/S ratio is 11.2× as of August 7, 2026. The 5-year average is 11.2×. The sector median currently stands at 1.8×. The current ratio is at the 47th percentile of its own 10-year history.

Tesla (TSLA) historical P/S ratio has ranged from a low of 1.6× (2019) to a high of 152.9× (2008) in the available daily series.

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.

Tesla P/S Ratio by Year

Tesla P/S Ratio 2025: 15.3×

Tesla (TSLA) P/S ratio in 2025 was 15.3×, expanded from 13.3× the prior year.

Tesla P/S Ratio 2024: 13.3×

Tesla (TSLA) P/S ratio in 2024 was 13.3×, expanded from 8.2× the prior year.

Tesla P/S Ratio 2023: 8.2×

Tesla (TSLA) P/S ratio in 2023 was 8.2×, expanded from 4.8× the prior year.

Tesla P/S Ratio 2022: 4.8×

Tesla (TSLA) P/S ratio in 2022 was 4.8×, contracted from 19.9× the prior year.

Tesla P/S Ratio 2021: 19.9×

Tesla (TSLA) P/S ratio in 2021 was 19.9×.

Sector peers by P/S Ratio — chart

Current ratio vs. sector peers. Highlighted bar is this company.

Sector peers by P/S Ratio — table

Consumer Cyclical peers of Tesla (TSLA), ranked by P/S ratio.


Wynn Resorts (WYNN)	1.4×
D.R. Horton (DHI)	1.4×
Carnival Corporation (CCL)	1.4×
Lululemon Athletica (LULU)	1.3×
Toll Brothers (TOL)	1.2×
Li Auto (LI)	1.2×
Ball (BALL)	1.2×
Weyco Group (WEYS)	1.1×
NIO (NIO)	1.1×
Tractor Supply (TSCO)	1.0×
Amcor (AMCR)	0.9×
Smurfit Westrock (SW)	0.8×
XPeng (XPEV)	0.8×
Sonoco Products (SON)	0.7×
MGM Resorts (MGM)	0.7×
Lennar (LEN)	0.7×
Genuine Parts (GPC)	0.6×
KB Home (KBH)	0.6×
Polaris (PII)	0.5×
General Motors (GM)	0.4×
ChargePoint Holdings (CHPT)	0.4×
Leggett & Platt (LEG)	0.3×
Best Buy Co. (BBY)	0.3×
Ford Motor (F)	0.3×
V.F. (VFC)	0.0×

Frequently asked questions

Current

11.2×

As of Aug 7, 2026

5-Year Average

11.2×

All-Time High

152.9×

Dec 31, 2008

All-Time Low

1.6×

Jun 30, 2019

P/S Ratio daily chart for Tesla (TSLA)

Aug 9, 2021 – Aug 7, 2026 · 1,255 trading days

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


2025	$1.45T	$94.8B	15.3×	+2.0×	Dec 31, 2025
2024	$1.3T	$97.7B	13.3×	+5.1×	Dec 31, 2024
2023	$790B	$96.8B	8.2×	+3.4×	Dec 31, 2023
2022	$389B	$81.5B	4.8×	-15.2×	Dec 31, 2022
2021	$1.07T	$53.8B	19.9×	-1.4×	Dec 31, 2021
2020	$671B	$31.5B	21.3×	+18.2×	Dec 31, 2020
2019	$75.3B	$24.6B	3.1×	+0.4×	Dec 31, 2019
2018	$57.3B	$21.5B	2.7×	-1.8×	Dec 31, 2018
2017	$52.4B	$11.8B	4.5×	-0.3×	Dec 31, 2017
2016	$33.1B	$7B	4.7×	-3.0×	Dec 31, 2016
2015	$31.5B	$4.05B	7.8×	-1.0×	Dec 31, 2015
2014	$27.9B	$3.2B	8.7×	-0.4×	Dec 31, 2014
2013	$18.5B	$2.01B	9.2×	-0.2×	Dec 31, 2013
2012	$3.86B	$413M	9.3×	-4.9×	Dec 31, 2012
2011	$2.91B	$204M	14.3×	-6.8×	Dec 31, 2011
2010	$2.46B	$117M	21.1×	-8.3×	Dec 31, 2010
2009	$3.3B	$112M	29.4×	-123.5×	Dec 31, 2009
2008	$3.3B	$21.6M	152.9×	—	Dec 31, 2008

202515.3×
202413.3×
20238.2×
20224.8×
202119.9×
202021.3×
20193.1×
20182.7×
20174.5×
20164.7×
20157.8×
20148.7×
20139.2×
20129.3×
201114.3×
201021.1×
200929.4×
2008152.9×

About P/S Ratio at Tesla (TSLA)

Tesla (TSLA) historical P/S ratio has ranged from a low of 1.6× (2019) to a high of 152.9× (2008) in the available daily series.

Tesla P/S Ratio by Year

Tesla P/S Ratio 2025: 15.3×

Tesla (TSLA) P/S ratio in 2025 was 15.3×, expanded from 13.3× the prior year.

Tesla P/S Ratio 2024: 13.3×

Tesla (TSLA) P/S ratio in 2024 was 13.3×, expanded from 8.2× the prior year.

Tesla P/S Ratio 2023: 8.2×

Tesla (TSLA) P/S ratio in 2023 was 8.2×, expanded from 4.8× the prior year.

Tesla P/S Ratio 2022: 4.8×

Tesla (TSLA) P/S ratio in 2022 was 4.8×, contracted from 19.9× the prior year.

Tesla P/S Ratio 2021: 19.9×

Tesla (TSLA) P/S ratio in 2021 was 19.9×.

Sector peers by P/S Ratio — chart

Current ratio vs. sector peers. Highlighted bar is this company.

Sector peers by P/S Ratio — table

Consumer Cyclical peers of Tesla (TSLA), ranked by P/S ratio.


Wynn Resorts (WYNN)	1.4×
D.R. Horton (DHI)	1.4×
Carnival Corporation (CCL)	1.4×
Lululemon Athletica (LULU)	1.3×
Toll Brothers (TOL)	1.2×
Li Auto (LI)	1.2×
Ball (BALL)	1.2×
Weyco Group (WEYS)	1.1×
NIO (NIO)	1.1×
Tractor Supply (TSCO)	1.0×
Amcor (AMCR)	0.9×
Smurfit Westrock (SW)	0.8×
XPeng (XPEV)	0.8×
Sonoco Products (SON)	0.7×
MGM Resorts (MGM)	0.7×
Lennar (LEN)	0.7×
Genuine Parts (GPC)	0.6×
KB Home (KBH)	0.6×
Polaris (PII)	0.5×
General Motors (GM)	0.4×
ChargePoint Holdings (CHPT)	0.4×
Leggett & Platt (LEG)	0.3×
Best Buy Co. (BBY)	0.3×
Ford Motor (F)	0.3×
V.F. (VFC)	0.0×

P/S Ratio for Tesla (TSLA) 2008-2026

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

P/S Ratio for Tesla (TSLA) 2008-2026

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?

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