Tesla is the worst-performing stock in the S&P 500 this year - eviltoast
  • rab@lemmy.ca
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    9 months ago

    That probably means it’s a good time to buy the stock tbh

    • Justas🇱🇹@sh.itjust.works
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      9 months ago

      Not really. It still has a price to book ratio of 9.10, which is still ridiculous for a car company.

      For comparison:

      Toyota is 1.21

      Ford is 1.05

      Honda is 0.66

      VW is 0.38

      Nissan is 0.36

      The price-to-book ratio, or P/B ratio, is a financial ratio used to compare a company’s current market value to its book value (where book value is the value of all assets minus liabilities owned by a company).

    • neptune@dmv.social
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      9 months ago

      I think it just means it’s over valuation started to end coinciding with the calendar year