We’ve recently updated our valuation analysis.

Tesla Valuation

Is TSLA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TSLA?

Other financial metrics that can be useful for relative valuation.

TSLA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue8x
Enterprise Value/EBITDA37.5x
PEG Ratio2.5x

Price to Earnings Ratio vs Peers

How does TSLA's PE Ratio compare to its peers?

The above table shows the PE ratio for TSLA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.6x
GM General Motors
6.5x0.8%US$56.5b
600104 SAIC Motor
10.4x20.7%CN¥174.5b
7203 Toyota Motor
11x5.6%JP¥27.4t
F Ford Motor
6.1x24.2%US$55.3b
TSLA Tesla
51x22.2%US$571.0b

Price-To-Earnings vs Peers: TSLA is expensive based on its Price-To-Earnings Ratio (51x) compared to the peer average (8.4x).


Price to Earnings Ratio vs Industry

How does TSLA's PE Ratio compare vs other companies in the Global Auto Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a22.3%
n/an/an/a

Price-To-Earnings vs Industry: TSLA is expensive based on its Price-To-Earnings Ratio (51x) compared to the Global Auto industry average (10.6x)


Price to Earnings Ratio vs Fair Ratio

What is TSLA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TSLA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio55x
Fair PE Ratio35.2x

Price-To-Earnings vs Fair Ratio: TSLA is expensive based on its Price-To-Earnings Ratio (51x) compared to the estimated Fair Price-To-Earnings Ratio (35x).


Share Price vs Fair Value

What is the Fair Price of TSLA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TSLA ($180.83) is trading above our estimate of fair value ($168.9)

Significantly Below Fair Value: TSLA is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TSLA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$194.70
US$279.56
+43.6%
31.4%US$530.00US$85.00n/a32
Nov ’23US$227.82
US$281.60
+23.6%
31.8%US$530.00US$85.00n/a32
Oct ’23US$265.25
US$308.32
+16.2%
31.2%US$530.00US$83.33n/a34
Sep ’23US$277.16
US$306.17
+10.5%
31.6%US$530.00US$83.33n/a33
Aug ’23US$297.28
US$303.44
+2.1%
32.1%US$526.67US$83.33n/a33
Jul ’23US$227.26
US$306.39
+34.8%
35.3%US$540.00US$83.33n/a34
Jun ’23US$246.79
US$313.97
+27.2%
36.9%US$540.00US$83.33n/a35
May ’23US$290.25
US$333.99
+15.1%
36.9%US$540.00US$83.33n/a34
Apr ’23US$361.53
US$317.84
-12.1%
38.0%US$526.67US$83.33n/a32
Mar ’23US$288.12
US$321.30
+11.5%
38.4%US$526.67US$83.33n/a32
Feb ’23US$310.42
US$320.57
+3.3%
39.4%US$526.67US$83.33n/a32
Jan ’23US$352.26
US$297.79
-15.5%
39.7%US$526.67US$83.33n/a33
Dec ’22US$365.00
US$285.67
-21.7%
40.0%US$466.67US$78.67n/a32
Nov ’22US$402.86
US$271.01
-32.7%
39.4%US$433.33US$78.67US$227.8232
Oct ’22US$258.41
US$228.75
-11.5%
39.9%US$400.00US$50.00US$265.2531
Sep ’22US$244.70
US$228.70
-6.5%
40.0%US$400.00US$50.00US$277.1631
Aug ’22US$229.07
US$222.55
-2.8%
42.2%US$400.00US$50.00US$297.2830
Jul ’22US$225.97
US$219.41
-2.9%
43.4%US$400.00US$50.00US$227.2630
Jun ’22US$207.97
US$221.12
+6.3%
44.6%US$400.00US$50.00US$246.7930
May ’22US$236.48
US$224.19
-5.2%
45.2%US$400.00US$50.00US$290.2529
Apr ’22US$220.58
US$202.70
-8.1%
47.8%US$400.00US$45.00US$361.5331
Mar ’22US$239.48
US$195.55
-18.3%
50.5%US$400.00US$45.00US$288.1230
Feb ’22US$279.94
US$190.62
-31.9%
51.5%US$400.00US$45.00US$310.4230
Jan ’22US$235.22
US$143.21
-39.1%
43.1%US$262.67US$30.00US$352.2631
Dec ’21US$194.92
US$129.02
-33.8%
38.0%US$192.67US$26.67US$365.0031
Nov ’21US$129.35
US$124.56
-3.7%
38.7%US$192.67US$26.67US$402.8631

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


Discover undervalued companies