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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 14, 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 14, 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 14, 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 14, 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 431 | +82.7% | $1432097.73331M | 14.7x | 13.0x | 13% | 16% | 14% | 3% | 27% |
| Toyota | Japan | JPY 3198 | +17.0% | $271429.9201276276M | 1.3x | 1.3x | 3% | 20% | 12% | 4% | 17% |
| Volkswagen | Germany | EUR 99 | +0.3% | $57621.746191176004M | 0.5x | 0.5x | 2% | 23% | 14% | 1% | 14% |
| Ford | United States of America | USD 13 | +27.6% | $53591.505712M | 1.0x | 1.0x | 1% | 18% | 7% | 2% | 7% |
| General Motors | United States of America | USD 72 | +36.1% | $67016.756007M | 0.9x | 0.9x | 0% | 18% | 10% | 5% | 10% |
| Hyundai Motor | South Korea | KRW 262250 | +35.3% | $47080.945181131414M | 1.1x | 1.0x | 4% | 19% | 10% | 1% | 14% |
| BMW | Germany | EUR 88 | +11.6% | $62335.717882953606M | 0.8x | 0.8x | 2% | 20% | 15% | 4% | 16% |
| Mercedes-Benz | Germany | EUR 59 | +0.9% | $66209.4434954208M | 0.8x | 0.9x | 0% | 21% | 12% | 4% | 11% |
| BYD | China | CNY 98 | +4.3% | $124905.10086594833M | 0.9x | 0.8x | 14% | 18% | 14% | 5% | 27% |
| Volvo Group | Sweden | SEK 269 | -5.5% | $57325.77856802411M | 1.5x | 1.5x | 1% | 23% | 15% | 7% | 15% |
| Ferrari | Italy | EUR 369 | -21.2% | $75728.92969286881M | 9.5x | 8.8x | 8% | 52% | 39% | 19% | 46% |
| Renault | France | EUR 36 | -19.6% | $12232.8983410944M | 1.1x | 1.0x | 2% | 19% | 9% | 3% | -4% |
| Mahindra & Mahindra | India | INR 3700 | +27.8% | $50066.55002602051M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| PACCAR | United States of America | USD 98 | -5.6% | $51722.125274M | 2.2x | 2.1x | 1% | 14% | 12% | 10% | 12% |
| Maruti Suzuki India | India | INR 15749 | +46.1% | $55840.03931990488M | 2.9x | 2.5x | 15% | 27% | 12% | 6% | 27% |
| Porsche | Germany | EUR 47 | -29.7% | $49214.55216M | 1.2x | 1.2x | 0% | 24% | 18% | 5% | 12% |
| Nissan | Japan | JPY 374 | -14.0% | $8518.530183534289M | 0.6x | 0.6x | 0% | 10% | 3% | -2% | 2% |
| Daimler Truck | Germany | EUR 36 | -8.7% | $30922.9743762288M | 0.9x | 0.8x | 3% | 20% | 10% | 4% | 12% |
| Toyota Industries | Japan | JPY 17340 | +56.0% | $33929.518865811566M | 1.6x | 1.5x | 3% | 23% | 10% | 3% | 12% |
| Stellantis | Italy | EUR 9 | -30.3% | $30826.960518768M | 0.2x | 0.2x | 4% | 9% | 8% | 0% | 10% |
| Honda | Japan | JPY 1565 | +0.2% | $39670.7585536384M | 0.3x | 0.3x | 1% | 20% | 7% | 1% | 8% |
| Bajaj Auto | India | INR 8868 | -9.6% | $27923.207380771404M | 4.8x | 4.2x | 13% | 30% | 20% | 14% | 33% |
| Suzuki | Japan | JPY 2314 | +49.6% | $29072.291514577137M | 0.7x | 0.6x | 5% | 28% | 14% | 4% | 20% |
| XPeng | Hong Kong | HKD 106 | +93.1% | $25959.051326250727M | 2.4x | 1.6x | 49% | 16% | 3% | 7% | 49% |
| Seres Group | China | CNY 135 | +33.0% | $32950.41371447484M | 1.1x | 0.9x | 24% | 28% | 8% | 15% | 31% |
| Great Wall Motor | Hong Kong | HKD 23 | -8.0% | $25059.61087887725M | 0.8x | 0.6x | 18% | 19% | 9% | 6% | 27% |
| Geely Auto | Hong Kong | HKD 18 | +34.7% | $23098.70361735744M | 0.5x | 0.4x | 22% | 16% | 7% | 8% | 29% |
| Hyundai Motors India | India | INR 2415 | +33.8% | $22131.20582479311M | 2.7x | 2.4x | 11% | 27% | 14% | 3% | 25% |
| TVS Motor | India | INR 3451 | +40.7% | $18482.947206195997M | 4.6x | 4.0x | 17% | 26% | 13% | 7% | 31% |
| Eicher Motors | India | INR 6855 | +43.2% | $21203.378050644886M | 8.7x | 7.6x | 15% | 38% | 25% | 22% | 42% |
| Kia | South Korea | KRW 118000 | +30.5% | $31725.13537187066M | 0.2x | 0.2x | 5% | 20% | 11% | 6% | 15% |
| Rivian | United States of America | USD 16 | +34.4% | $20092.715954M | 3.7x | 2.9x | 27% | -1% | -27% | -54% | -13% |
| Porsche SE | Germany | EUR 37 | -9.6% | $13207.1856M | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| NIO | Hong Kong | HKD 51 | +31.1% | $16162.266368241511M | 1.5x | 1.0x | 44% | 15% | -2% | 0% | 33% |
| Weichai Power | China | CNY 18 | +16.6% | $22093.72667511099M | 0.5x | 0.5x | 6% | 22% | 13% | 5% | 18% |
| Ashok Leyland | India | INR 151 | +35.8% | $9969.338165850879M | 3.3x | 3.0x | 8% | 29% | 13% | 8% | 23% |
| Isuzu | Japan | JPY 2262 | -5.1% | $10221.38322889307M | 0.6x | 0.6x | 6% | 19% | 10% | 2% | 16% |
| Traton | Germany | EUR 28 | -4.6% | $16414.992000000002M | 0.3x | 0.2x | 3% | 21% | 14% | 4% | 15% |
| Hero MotoCorp | India | INR 5509 | +11.1% | $12429.314323675151M | 2.4x | 2.2x | 9% | 33% | 15% | 10% | 24% |
| Zeekr Global | United States of America | USD 28 | +13.6% | $7054.998969M | 0.6x | 0.5x | 37% | NaN% | 4% | NaN% | 36% |
| Yamaha Motor | Japan | JPY 1101 | -17.7% | $6951.694610160458M | 0.6x | 0.6x | 4% | 33% | 10% | 1% | 13% |
| VinFast | United States of America | USD 3 | -15.8% | $7872.460154M | 3.4x | 2.4x | 42% | -3% | -22% | NaN% | -6% |
| Ford Otosan | Turkey | TRY 95 | +1.4% | $7881.27165019872M | 0.5x | 0.4x | 26% | NaN% | 7% | 1% | 32% |
| Iveco Group | Italy | EUR 18 | +92.6% | $5678.4669625872M | 0.6x | 0.6x | 5% | NaN% | 11% | 2% | 15% |
| Volvo Cars | Sweden | SEK 35 | +43.8% | $10921.31938889064M | 0.2x | 0.2x | 1% | 18% | 12% | 1% | 11% |
| SAIC Motor | China | CNY 16 | +29.2% | $25702.562861447957M | 0.1x | 0.1x | 7% | 10% | 5% | 2% | 12% |
| Leapmotor Technology | Hong Kong | HKD 57 | +89.9% | $10395.211913193589M | 0.9x | 0.6x | 62% | 15% | 4% | 14% | 64% |
| Li Auto | Hong Kong | HKD 79 | -25.7% | $20628.740631804645M | 0.4x | 0.3x | 26% | 20% | 7% | 7% | 32% |
| Chongqing Changan | China | CNY 11 | -5.0% | $15205.28055931191M | 0.3x | 0.3x | 13% | 16% | 6% | 6% | 19% |
| Guangzhou Automobile Group | China | CNY 6 | +1.1% | $9305.005096976043M | 0.6x | 0.5x | 12% | 0% | 3% | -9% | 11% |
| BRP | Canada | CAD 91 | +28.2% | $4721.973808268402M | 1.1x | 1.1x | 6% | 24% | 14% | 6% | 18% |
| BAIC BluePark New Energy | China | CNY 8 | +1.3% | $6183.996717322941M | 1.8x | 1.0x | 80% | -9% | 2% | -11% | 77% |
| Harley-Davidson | United States of America | USD 25 | -15.6% | $2931.099621M | 1.7x | 1.7x | 0% | 26% | 12% | 18% | 19% |
| Polestar | United States of America | USD 1 | -23.9% | $1328.160273M | 2.2x | 1.5x | 45% | -2% | -14% | NaN% | 21% |
| Subaru | Japan | JPY 3550 | +18.0% | $16678.074304018737M | 0.2x | 0.2x | 3% | 18% | 8% | 2% | 13% |
| Thor Industries | United States of America | USD 100 | +0.3% | $5271.713507M | 0.6x | 0.6x | 1% | 14% | 7% | 3% | 7% |
| Lucid | United States of America | USD 15 | -19.7% | $4917.635492M | 4.4x | 2.3x | 90% | -25% | -86% | -150% | -105% |
| Polaris | United States of America | USD 66 | -5.4% | $3711.265011M | 0.7x | 0.7x | 0% | 20% | 7% | 3% | 6% |
| Mitsubishi Motors | Japan | JPY 374 | -18.0% | $3258.7272225329143M | 0.2x | 0.2x | 2% | 17% | 6% | 0% | 8% |
| Hino Motors | Japan | JPY 398 | -7.2% | $1487.8208081784715M | 0.3x | 0.3x | 0% | 19% | 8% | 5% | 3% |
| Mazda | Japan | JPY 1132 | -3.2% | $4649.9291689945685M | 0.1x | 0.1x | 1% | 20% | 4% | 0% | 5% |
| Tofas Turk Otomobil | Turkey | TRY 237 | +40.6% | $2804.475967360406M | 0.4x | 0.3x | 52% | 18% | 5% | -1% | 55% |
| REV Group | United States of America | USD 53 | +93.5% | $2575.01221M | 1.1x | 1.0x | 8% | 16% | 10% | 5% | 17% |
| Delek Automotive Systems | Israel | ILS 29 | +18.9% | $868.7094989516924M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Aston Martin Lagonda | United Kingdom of Great Britain and Northern Ireland | GBP 1 | -45.0% | $797.0323358823001M | 1.4x | 1.1x | 24% | 41% | 21% | -5% | 38% |
| Lotus Technology | United States of America | USD 1 | -63.6% | $956.974526M | 2.6x | 1.3x | 94% | NaN% | -9% | NaN% | 57% |
| PIERER Mobility | Switzerland | CHF 13 | +2.5% | $539.572386484193M | 0.9x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| NFI Group | Canada | CAD 14 | -9.5% | $1149.9202739211933M | 0.7x | 0.6x | 18% | 13% | 9% | 3% | 26% |
| WeRide | United States of America | USD 8 | -27.8% | $2799.460565M | 24.0x | 10.4x | 129% | 33% | -85% | -116% | -106% |
| Otokar Otomotiv | Turkey | TRY 459 | +10.7% | $1306.3047465726102M | 1.5x | 1.1x | 38% | NaN% | 8% | 10% | 45% |
| Marcopolo | Brazil | BRL 7 | -3.4% | $1424.50059413035M | 1.0x | 0.9x | 7% | 22% | 18% | 10% | 24% |
| Blue Bird Corp. | United States of America | USD 52 | +18.6% | $1636.446938M | 1.1x | 1.0x | 4% | 21% | 15% | 4% | 19% |
| Immsi | Italy | EUR 1 | +10.3% | $209.174230224M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Sanlorenzo | Italy | EUR 31 | -2.0% | $1247.979224712M | 1.1x | 1.1x | 2% | 71% | 18% | 9% | 20% |
| Ferretti | Italy | EUR 3 | +5.4% | $1058.7694086528002M | 0.6x | 0.6x | 5% | 41% | 16% | 7% | 21% |
| Piaggio | Italy | EUR 2 | -10.9% | $734.0164354464M | 0.3x | 0.3x | 4% | NaN% | 17% | 5% | 20% |
| Anadolu Isuzu Otomotiv | Turkey | TRY 54 | -15.0% | $320.64231865297876M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Lion Electric | United States of America | USD 0 | -99.6% | $0.678652M | 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 3 | -97.7% | $2.124415M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Auto Italia Holdings | Hong Kong | HKD 0 | -4.0% | $141.03589002927862M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| KABE Group | Sweden | SEK 220 | -28.5% | $207.39504267582126M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Novamarine | Italy | EUR 8 | +127.3% | $111.33754632M | 3.5x | 3.0x | 19% | NaN% | 25% | 0% | 43% |
| Ebusco Holding | Netherlands | EUR 0 | -49.5% | $41.7837791088M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Pininfarina | Italy | EUR 1 | +30.6% | $76.4328033456M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Nimbus Group | Sweden | SEK 10 | -38.5% | $46.098408869012005M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Xos Trucks | United States of America | USD 3 | -39.3% | $26.33955M | 1.0x | 0.8x | 24% | 11% | -23% | NaN% | -5% |
| Carlo Gavazzi Holding | Switzerland | CHF 157 | -22.9% | $138.3899505304186M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Workhorse | United States of America | USD 1 | -89.3% | $12.390876M | 4.8x | 3.7x | 28% | -58% | -141% | NaN% | -175% |
| Bellini Nautica | Italy | EUR 3 | -11.9% | $20.442061512000002M | 0.9x | 0.6x | 50% | 26% | 13% | 4% | 61% |
| ECD Automotive Design | United States of America | USD 1 | -95.2% | $1.045085M | 0.9x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Tenax International | Italy | EUR 2 | -38.9% | $7.0735589952M | 1.0x | 0.8x | 19% | NaN% | 8% | NaN% | 25% |
| Garin | Poland | PLN 2 | +70.7% | $11.462031013577116M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Zoomability Int | Sweden | SEK 2 | +53.5% | $5.198665448857254M | 9.3x | 5.2x | 78% | NaN% | -32% | NaN% | 2% |
| Clean Motion | Sweden | SEK 0 | -54.0% | $2.3334899688198796M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Triggo | Poland | PLN 1 | -64.2% | $1.7773322764971489M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Nilsson Special Vehicles | Sweden | SEK 3 | -33.7% | $1.2908991842776605M | 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 14, 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.
