The current PE ratio for Tesla stock as of May 3, 2024 is 42.14. This is calculated based on the TTM EPS of $4.3 and the stock price of $181.19 per share. The PE ratio marks a decrease of 28% from its last 4 quarters average of 58.6.
The average historical PE ratio of Tesla for the last four years is 254.15. The current P/E ratio of 42.14 is 83% lower than the historical average. Looking back at the last four years, TSLA's PE ratio peaked in the Dec 2020 quarter at 940.89, when the price was $235.22 and the EPS was $0.25. The lowest point was in the Dec 2022 quarter, when it reached 30.64 with a price of $123.18 and an EPS of $4.02.
Maximum annual increase: 71.44% in 2023
Maximum annual decrease: -83.73% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 52.53 | 71.44% |
| 2022 | 30.64 | -83.73% |
| 2021 | 188.37 | -79.98% |
| 2020 | 940.89 | N/A |
| 2019 | N/A | N/A |
| 2018 | N/A | N/A |
| 2017 | N/A | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
| 2014 | N/A | N/A |
TSLA's current PE ratio is lower than its 3, 5 and 10-year averages.
In comparison to its peer AMZN, TSLA's PE ratio is lower, but it is higher than AAPL's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| AAPL Apple Inc | 28.39 | $2.81T |
| TSLA Tesla Inc | 42.14 | $577.85B |
| AMZN Amazon Com Inc | 51.16 | $1.94T |
| NKLA Nikola Corp | N/A | $878.17M |
| RIVN Rivian Automotive Inc | N/A | $9.84B |
| SPCE Virgin Galactic Holdings Inc | N/A | $379.24M |
The price to earnings ratio for TSLA stock is 42.14 as of May 3, 2024.
Over the last 3 years, the average price to earnings ratio for TSLA stock is 108.5.
Over the last 5 years, the average price to earnings ratio for TSLA stock is 254.15.
The highest quarterly PE ratio in the last four years has been 940.89 and it was in the Dec 2020 quarter.
The current PE ratio of TSLA is 83% lower than the 4-year historical average.
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (May 3, 2024), Tesla's share price is $181.19. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $4.3. Therefore, Tesla's PE ratio for today is 42.14. PE RATIO(42.14) = STOCK PRICE($181.19) / TTM EPS($4.3)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.