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companies tracked
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cumulative enterprise value
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median EV/NTM revenue multiple
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median NTM/LTM revenue growth
This chart shows the weighted market cap evolution over time, indexed to 0% at the beginning of the period
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Data as of November 21, 2025. Index data powered by FactSet and Morningstar, S&P 500 data sourced from Yahoo Finance.
This chart shows the weighted median evolution over time of key valuation metrics
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This chart shows the regression relationship between valuation metrics across companies in the index
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Data as of November 21, 2025. Companies with EV multiples above 50x and y-axis values above 300% are considered non-meaningful and excluded from calculation.
This chart shows company rankings by selected metric within the index
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Data as of November 21, 2025. Companies with EV multiples above 50x are considered non-meaningful and excluded from calculation.
Compare key metrics between companies in the index
| Comp 1 | Comp 2 | Comp 3 |
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Data as of November 21, 2025.
This chart shows the cumulative sum of selected metrics across all companies in the index over time
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Similar to NASDAQ 100 Index, 🚙 Multiples Automakers Index employs a modified market capitalization weighting scheme.
The weight process uses company-level weightss, which are derived using company enterprise value.
Company weights are evaluated based on two rules:
No company’s weight may exceed 24%.
The aggregate weight of the companies whose weights exceed 4.5% may not exceed 48%.
If neither rule is 'violated', then no adjustments are made. Only in cases where either or both of the rules are 'violated', weight adjustments are made according to a two-stage adjustment process.
If no company’s initial weight exceeds 24% of the Index, initial weights are used as Rule 1 weights without adjustment. Otherwise, initial weights are adjusted such that no company’s weight may exceed 20% of the Index.
If the aggregate weight of the companies whose Rule 1 weights exceeds 4.5% and does not exceed 48%, Rule 1 weights are used as the final weights. Otherwise, Rule 1 weights are adjusted such that:
If the two-stage rule process results in a 'violation' of the weighting rules as previously detailed, then the process is repeated until the company weights meet the rule system.
| Company | HQ | Stock Price | 1Y Perf. | Market Cap | EV/Revenue (LTM) | EV/Revenue (NTM) | Revenue Growth NTM/LTM | Gross Margin (NTM) | EBITDA Margin (NTM) | FCF Margin (NTM) | Rule of 40 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tesla | United States of America | USD 395 | +82.7% | $1314463.509373M | 13.5x | 12.0x | 12% | 16% | 14% | 3% | 26% |
| Toyota | Japan | JPY 3044 | +17.0% | $258359.16765668563M | 1.3x | 1.2x | 3% | 20% | 12% | 4% | 17% |
| Volkswagen | Germany | EUR 97 | +0.3% | $56096.0814552096M | 0.5x | 0.5x | 2% | 23% | 14% | 1% | 14% |
| Ford | United States of America | USD 12 | +27.6% | $49447.627203M | 0.9x | 0.9x | 1% | 19% | 7% | 1% | 8% |
| General Motors | United States of America | USD 68 | +36.1% | $63471.883056M | 0.9x | 0.9x | 1% | 18% | 10% | 5% | 10% |
| Hyundai Motor | South Korea | KRW 247643 | +35.3% | $44458.75283940574M | 1.1x | 1.1x | 4% | 19% | 10% | 1% | 13% |
| BMW | Germany | EUR 85 | +11.6% | $59651.591769336M | 0.8x | 0.8x | 2% | 20% | 14% | 4% | 16% |
| Mercedes-Benz | Germany | EUR 57 | +0.9% | $63447.0037257696M | 0.8x | 0.8x | 0% | 21% | 12% | 4% | 11% |
| BYD | China | CNY 91 | +4.3% | $116413.9258418573M | 0.9x | 0.8x | 14% | 17% | 13% | 5% | 27% |
| Volvo Group | Sweden | SEK 268 | -5.5% | $57169.69209305744M | 1.5x | 1.5x | 1% | 23% | 15% | 7% | 15% |
| Ferrari | Italy | EUR 338 | -21.2% | $69473.64082758721M | 8.7x | 8.1x | 8% | 52% | 39% | 19% | 46% |
| Renault | France | EUR 34 | -19.6% | $11533.6376944272M | 1.1x | 1.0x | 2% | 19% | 9% | 3% | -4% |
| Mahindra & Mahindra | India | INR 3717 | +27.8% | $50299.32328198686M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| PACCAR | United States of America | USD 98 | -5.6% | $51265.197481M | 2.1x | 2.1x | 1% | 14% | 12% | 10% | 12% |
| Maruti Suzuki India | India | INR 15801 | +46.1% | $56024.411790832244M | 2.9x | 2.6x | 15% | 27% | 12% | 6% | 27% |
| Nissan | Japan | JPY 357 | -14.0% | $8117.87243038153M | 0.6x | 0.6x | 0% | 10% | 3% | -2% | 2% |
| Porsche | Germany | EUR 44 | -29.7% | $46843.401359999996M | 1.1x | 1.1x | 0% | 24% | 18% | 5% | 12% |
| Daimler Truck | Germany | EUR 36 | -8.7% | $30725.136153235202M | 0.9x | 0.8x | 3% | 20% | 10% | 4% | 13% |
| Toyota Industries | Japan | JPY 17160 | +56.0% | $33577.30932741214M | 1.6x | 1.5x | 3% | 22% | 10% | 3% | 11% |
| Stellantis | Italy | EUR 8 | -30.3% | $28247.186695646404M | 0.2x | 0.2x | 4% | 9% | 8% | 1% | 10% |
| Honda | Japan | JPY 1514 | +0.2% | $38377.9698026573M | 0.3x | 0.3x | 1% | 21% | 7% | 1% | 8% |
| Bajaj Auto | India | INR 8984 | -9.6% | $28288.792894068454M | 4.8x | 4.2x | 13% | 29% | 20% | 14% | 34% |
| Suzuki | Japan | JPY 2283 | +49.6% | $28682.81829203959M | 0.7x | 0.6x | 5% | 28% | 14% | 4% | 20% |
| Seres Group | China | CNY 125 | +33.0% | $30663.22381011321M | 1.0x | 0.8x | 25% | 28% | 8% | 15% | 33% |
| Great Wall Motor | Hong Kong | HKD 22 | -8.0% | $23738.218950312217M | 0.7x | 0.6x | 18% | 19% | 9% | 6% | 27% |
| TVS Motor | India | INR 3486 | +40.7% | $18669.32986709205M | 4.6x | 4.0x | 17% | 26% | 13% | 7% | 31% |
| Eicher Motors | India | INR 7125 | +43.2% | $22041.775945206522M | 9.0x | 7.7x | 16% | 42% | 25% | 19% | 43% |
| Hyundai Motors India | India | INR 2337 | +33.8% | $21417.38463658866M | 2.6x | 2.3x | 11% | 27% | 14% | 4% | 25% |
| Geely Auto | Hong Kong | HKD 17 | +34.7% | $22135.7154101623M | 0.4x | 0.4x | 22% | 16% | 8% | 7% | 29% |
| XPeng | Hong Kong | HKD 82 | +93.1% | $20063.723805872156M | 1.9x | 1.3x | 47% | 17% | 3% | 4% | 47% |
| Kia | South Korea | KRW 113400 | +30.5% | $30488.392806526546M | 0.2x | 0.2x | 4% | 20% | 11% | 6% | 15% |
| Porsche SE | Germany | EUR 36 | -9.6% | $12612.012M | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Rivian | United States of America | USD 15 | +34.4% | $17971.886265M | 3.3x | 2.6x | 28% | 3% | -26% | -53% | -12% |
| NIO | Hong Kong | HKD 45 | +31.1% | $14305.190271771038M | 1.3x | 0.9x | 45% | 15% | -1% | 0% | 33% |
| Weichai Power | China | CNY 17 | +16.6% | $21057.905801575245M | 0.5x | 0.4x | 6% | 22% | 13% | 6% | 18% |
| Ashok Leyland | India | INR 146 | +35.8% | $9691.124077494786M | 3.2x | 3.0x | 8% | 28% | 13% | 8% | 23% |
| Isuzu | Japan | JPY 2274 | -5.1% | $10273.348705078864M | 0.6x | 0.6x | 6% | 19% | 10% | 2% | 16% |
| Hero MotoCorp | India | INR 6000 | +11.1% | $13537.200923098675M | 2.5x | 2.3x | 10% | 31% | 15% | 10% | 25% |
| Traton | Germany | EUR 27 | -4.6% | $15871.296M | 0.2x | 0.2x | 3% | 21% | 14% | 4% | 16% |
| VinFast | United States of America | USD 4 | -15.8% | $8363.757816M | 3.6x | 2.5x | 42% | -3% | -22% | NaN% | -6% |
| Yamaha Motor | Japan | JPY 1093 | -17.7% | $6898.025759854951M | 0.6x | 0.6x | 4% | 33% | 10% | 1% | 13% |
| Zeekr Global | United States of America | USD 27 | +13.6% | $6908.980472M | 0.6x | 0.4x | 36% | NaN% | 4% | NaN% | 36% |
| Ford Otosan | Turkey | TRY 95 | +1.4% | $7943.689324302722M | 0.5x | 0.4x | 26% | NaN% | 7% | 1% | 32% |
| Iveco Group | Italy | EUR 18 | +92.6% | $5653.8181643279995M | 0.6x | 0.6x | 5% | NaN% | 11% | 2% | 15% |
| Volvo Cars | Sweden | SEK 33 | +43.8% | $10118.3269687044M | 0.2x | 0.2x | 2% | 18% | 12% | 1% | 11% |
| SAIC Motor | China | CNY 15 | +29.2% | $24249.528528907278M | 0.1x | 0.1x | 7% | 10% | 5% | 2% | 12% |
| Guangzhou Automobile Group | China | CNY 6 | +1.1% | $9244.338942438659M | 0.5x | 0.5x | 13% | 0% | 3% | -9% | 11% |
| Chongqing Changan | China | CNY 11 | -5.0% | $14883.47033872733M | 0.3x | 0.3x | 13% | 16% | 6% | 6% | 19% |
| Leapmotor Technology | Hong Kong | HKD 49 | +89.9% | $8956.156191775955M | 0.8x | 0.5x | 61% | 15% | 4% | 14% | 63% |
| BRP | Canada | CAD 88 | +28.2% | $4565.337913447349M | 1.1x | 1.1x | 6% | 24% | 14% | 6% | 19% |
| BAIC BluePark New Energy | China | CNY 8 | +1.3% | $6011.784150395858M | 1.7x | 1.0x | 80% | -9% | 2% | -10% | 77% |
| Harley-Davidson | United States of America | USD 22 | -15.6% | $2631.019289M | 1.6x | 1.6x | 2% | 27% | 11% | 17% | 22% |
| Li Auto | Hong Kong | HKD 70 | -25.7% | $18257.02187314719M | 0.3x | 0.2x | 27% | 20% | 7% | 7% | 33% |
| Polestar | United States of America | USD 0 | -23.9% | $492.73538M | 1.9x | 1.3x | 45% | -2% | -14% | NaN% | 21% |
| Thor Industries | United States of America | USD 96 | +0.3% | $5074.096903M | 0.6x | 0.6x | 1% | 14% | 7% | 3% | 7% |
| Subaru | Japan | JPY 3319 | +18.0% | $15592.824961982587M | 0.2x | 0.2x | 3% | 18% | 8% | 2% | 13% |
| Polaris | United States of America | USD 60 | -5.4% | $3365.337763M | 0.7x | 0.7x | 0% | 20% | 7% | 3% | 6% |
| Lucid | United States of America | USD 12 | -19.7% | $3799.254316M | 3.5x | 1.9x | 87% | -22% | -86% | -148% | -109% |
| Mitsubishi Motors | Japan | JPY 357 | -18.0% | $3110.5636419415105M | 0.2x | 0.2x | 2% | 17% | 6% | 0% | 8% |
| Hino Motors | Japan | JPY 374 | -7.2% | $1398.1024200695706M | 0.3x | 0.3x | 0% | 19% | 8% | 5% | 4% |
| Mazda | Japan | JPY 1109 | -3.2% | $4557.505665190625M | 0.1x | 0.1x | 1% | 21% | 4% | 0% | 5% |
| Tofas Turk Otomobil | Turkey | TRY 231 | +40.6% | $2739.2555960264426M | 0.4x | 0.3x | 51% | 18% | 5% | 0% | 54% |
| Aston Martin Lagonda | United Kingdom of Great Britain and Northern Ireland | GBP 1 | -45.0% | $796.3664773233M | 1.4x | 1.1x | 24% | 41% | 21% | -5% | 39% |
| Delek Automotive Systems | Israel | ILS 27 | +18.9% | $800.2441649296748M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| REV Group | United States of America | USD 49 | +93.5% | $2384.180183M | 1.0x | 0.9x | 8% | 16% | 10% | 5% | 17% |
| PIERER Mobility | Switzerland | CHF 15 | +2.5% | $617.6620273264291M | 0.9x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| NFI Group | Canada | CAD 13 | -9.5% | $1120.261313557933M | 0.6x | 0.5x | 18% | 14% | 9% | 3% | 27% |
| Lotus Technology | United States of America | USD 1 | -63.6% | $834.807565M | 2.4x | 1.2x | 96% | NaN% | -9% | NaN% | 60% |
| Otokar Otomotiv | Turkey | TRY 471 | +10.7% | $1340.4565046529397M | 1.5x | 1.1x | 38% | NaN% | 8% | 9% | 44% |
| Marcopolo | Brazil | BRL 7 | -3.4% | $1517.7654541155696M | 1.0x | 1.0x | 7% | 23% | 18% | 10% | 24% |
| WeRide | United States of America | USD 7 | -27.8% | $2513.72103M | 20.7x | 9.5x | 118% | 37% | -100% | -275% | -139% |
| Blue Bird Corp. | United States of America | USD 51 | +18.6% | $1609.970805M | 1.0x | 1.0x | 4% | 21% | 15% | 4% | 19% |
| Piaggio | Italy | EUR 2 | -10.9% | $723.3277850640001M | 0.7x | 0.7x | 4% | NaN% | 17% | 5% | 20% |
| Immsi | Italy | EUR 1 | +10.3% | $207.204604704M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Sanlorenzo | Italy | EUR 29 | -2.0% | $1190.687524776M | 1.1x | 1.0x | 3% | 70% | 18% | 9% | 21% |
| Ferretti | Italy | EUR 3 | +5.4% | $1048.5889335696002M | 0.6x | 0.6x | 5% | 41% | 16% | 7% | 21% |
| Anadolu Isuzu Otomotiv | Turkey | TRY 59 | -15.0% | $353.5133858052961M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Lion Electric | United States of America | USD 0 | -99.6% | $0.791761M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Toyota Caetano Portugal | Portugal | EUR 6 | +11.8% | $255.0744M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Chijet Motors | United States of America | USD 2 | -97.7% | $1.415045M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Auto Italia Holdings | Hong Kong | HKD 0 | -4.0% | $139.46882455592979M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| KABE Group | Sweden | SEK 214 | -28.5% | $202.1983559572927M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Novamarine | Italy | EUR 8 | +127.3% | $111.33754632M | 3.5x | 3.0x | 18% | NaN% | 25% | 0% | 43% |
| Ebusco Holding | Netherlands | EUR 0 | -49.5% | $40.3941164256M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Carlo Gavazzi Holding | Switzerland | CHF 168 | -22.9% | $148.08606171407848M | NaNx | 0.4x | NaN% | NaN% | 15% | NaN% | NaN% |
| Pininfarina | Italy | EUR 1 | +30.6% | $77.8886662224M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Workhorse | United States of America | USD 1 | -89.3% | $22.40526M | 6.0x | 6.9x | -14% | -56% | -208% | NaN% | -242% |
| Nimbus Group | Sweden | SEK 10 | -38.5% | $46.32218754264958M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Xos Trucks | United States of America | USD 2 | -39.3% | $24.708538M | 0.7x | 0.5x | 27% | 12% | -23% | NaN% | -3% |
| Bellini Nautica | Italy | EUR 3 | -11.9% | $20.146869288M | 0.9x | 0.6x | 50% | 26% | 13% | 4% | 61% |
| ECD Automotive Design | United States of America | USD 1 | -95.2% | $0.854937M | 0.9x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Tenax International | Italy | EUR 1 | -38.9% | $5.8804285344M | 0.9x | 0.8x | 20% | NaN% | 8% | NaN% | 25% |
| Garin | Poland | PLN 2 | +70.7% | $10.33461812699576M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Zoomability Int | Sweden | SEK 3 | +53.5% | $7.163199689248634M | 12.8x | 7.2x | 79% | NaN% | -31% | NaN% | 3% |
| Triggo | Poland | PLN 1 | -64.2% | $1.6249895177434959M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Clean Motion | Sweden | SEK 0 | -54.0% | $2.0058941975580824M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Nilsson Special Vehicles | Sweden | SEK 2 | -33.7% | $1.1825030182776395M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Next e GO | United States of America | USD 0 | -80.0% | $0.009438M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
Stock prices as of November 21, 2025. Rule of 40 and revenue per FTE data is based on the last fiscal year. Financial data powered by Morningstar and FactSet.
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Explore indexGet access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
