P/E ratio as of January 2024 (TTM): 68.6
According to Tesla's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 68.6041.At the end of 2022 the company had a P/E ratio of 30.6.
P/E ratio history for Tesla from 2010 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 30.6 | -83.95% |
| 2021 | 190 | -80.3% |
| 2020 | 967 | -1262.32% |
| 2019 | -83.2 | 44.44% |
| 2018 | -57.6 | 118.03% |
| 2017 | -26.4 | -40.06% |
| 2016 | -44.1 | 26.48% |
| 2015 | -34.8 | -63.04% |
| 2014 | -94.2 | -61.79% |
| 2013 | -247 | 2594.01% |
| 2012 | -9.15 | -19.23% |
| 2011 | -11.3 | 167.19% |
| 2010 | -4.24 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
Apple AAPL | 30.2 | -55.94% | 🇺🇸 USA |
NIO NIO | -4.11 | -105.99% | 🇨🇳 China |
Lucid Motors LCID | -2.38 | -103.48% | 🇺🇸 USA |
Rivian RIVN | -2.95 | -104.30% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.
