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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 October 7, 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 October 7, 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 October 7, 2025. Companies with EV multiples above 50x are considered non-meaningful and excluded from calculation.
Compare key metrics between companies in the index
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Data as of October 7, 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 453 | +70.0% | $1507124.639079M | 15.7x | 13.9x | 13% | 16% | 14% | 3% | 27% |
| Toyota | Japan | JPY 2974 | +12.1% | $259074.12887644756M | 1.3x | 1.2x | 3% | 18% | 12% | 4% | 16% |
| Volkswagen | Germany | EUR 94 | -5.0% | $55167.811274259664M | 0.5x | 0.5x | 2% | 22% | 14% | 2% | 14% |
| Ford | United States of America | USD 13 | +13.3% | $50544.225771M | 0.9x | 1.0x | -2% | 15% | 7% | 1% | 5% |
| General Motors | United States of America | USD 58 | +36.0% | $55401.40724M | 0.9x | 0.9x | -1% | 18% | 10% | 4% | 8% |
| BMW | Germany | EUR 86 | +7.9% | $61690.821756485224M | 0.8x | 0.8x | 2% | 22% | 14% | 4% | 16% |
| Mercedes-Benz | Germany | EUR 55 | -7.2% | $62485.58231747863M | 0.8x | 0.8x | -1% | 22% | 12% | 3% | 11% |
| Hyundai Motor | South Korea | KRW 208471 | -10.6% | $38538.43013966687M | 1.0x | 1.0x | 4% | 19% | 10% | 0% | 14% |
| BYD | China | CNY 106 | +10.2% | $135145.7264627253M | 1.0x | 0.8x | 17% | 19% | 13% | 5% | 29% |
| Ferrari | Italy | EUR 427 | -1.9% | $88945.61985483857M | 11.1x | 10.1x | 10% | 53% | 39% | 20% | 48% |
| Volvo Group | Sweden | SEK 276 | +0.3% | $59732.25887286424M | 1.5x | 1.5x | 2% | 24% | 16% | 7% | 16% |
| Renault | France | EUR 36 | -10.7% | $12146.90312905866M | 1.1x | 1.0x | 2% | 19% | 8% | 3% | -1% |
| PACCAR | United States of America | USD 99 | -0.4% | $51733.186179M | 2.1x | 2.0x | 3% | 18% | 12% | 9% | 14% |
| Mahindra & Mahindra | India | INR 3472 | +10.7% | $46941.49535871697M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Maruti Suzuki India | India | INR 15998 | +21.1% | $56683.13913883685M | 3.0x | 2.7x | 13% | 29% | 12% | 6% | 26% |
| Daimler Truck | Germany | EUR 36 | +6.1% | $31853.77169074356M | 0.9x | 0.8x | 3% | 19% | 11% | 4% | 13% |
| Nissan | Japan | JPY 373 | -9.6% | $8701.445152242717M | 0.6x | 0.6x | -1% | 10% | 3% | -2% | 1% |
| Porsche | Germany | EUR 43 | -40.9% | $45556.994657999996M | 1.1x | 1.1x | 0% | 24% | 18% | 4% | 15% |
| Toyota Industries | Japan | JPY 16800 | +50.9% | $33738.460283638095M | 1.5x | 1.5x | 2% | 24% | 10% | 4% | 11% |
| Stellantis | Italy | EUR 9 | -36.6% | $30515.564159230322M | 0.2x | 0.2x | 3% | 10% | 8% | -1% | 9% |
| Honda | Japan | JPY 1589 | +1.6% | $41339.27450102465M | 0.3x | 0.3x | 0% | 21% | 7% | 1% | 8% |
| Seres Group | China | CNY 172 | +89.7% | $39359.07575428599M | 1.4x | 1.2x | 21% | 27% | 8% | 9% | 29% |
| Tata Motors | India | INR 713 | -20.6% | $29572.9450450357M | 0.6x | 0.6x | 6% | 38% | 12% | 2% | 19% |
| Great Wall Motor | Hong Kong | HKD 24 | -15.0% | $26606.727604919924M | 0.9x | 0.8x | 16% | 18% | 10% | 6% | 26% |
| Bajaj Auto | India | INR 8794 | -29.7% | $27669.195167187445M | 4.6x | 4.1x | 12% | 30% | 20% | 14% | 33% |
| Suzuki | Japan | JPY 2239 | +35.7% | $28864.14584231651M | 0.7x | 0.6x | 4% | 28% | 14% | 4% | 19% |
| Geely Auto | Hong Kong | HKD 19 | +60.5% | $24746.435190463126M | 0.6x | 0.4x | 24% | 16% | 7% | 8% | 31% |
| XPeng | Hong Kong | HKD 91 | +75.9% | $22205.143473580254M | 2.2x | 1.4x | 52% | 16% | 3% | 7% | 52% |
| Hyundai Motors India | India | INR 2481 | NaN% | $22716.383885082938M | 2.7x | 2.5x | 11% | 27% | 14% | 4% | 25% |
| TVS Motor | India | INR 3511 | +20.9% | $18777.512592387997M | 4.8x | 4.2x | 15% | 30% | 13% | 6% | 29% |
| Eicher Motors | India | INR 6880 | +39.4% | $21265.789205691955M | 9.2x | 8.1x | 13% | 43% | 25% | 19% | 41% |
| NIO | Hong Kong | HKD 60 | +1.9% | $18937.65437403483M | 1.8x | 1.2x | 44% | 14% | -3% | -1% | 33% |
| Porsche SE | Germany | EUR 34 | -18.5% | $12284.16065625M | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Kia | South Korea | KRW 104200 | +0.8% | $28847.361894708185M | 0.2x | 0.2x | 4% | 20% | 12% | 7% | 16% |
| Rivian | United States of America | USD 13 | +30.8% | $16381.359202M | 2.9x | 2.3x | 27% | 0% | -28% | -51% | -13% |
| Ashok Leyland | India | INR 138 | +21.2% | $9127.671192898719M | 2.9x | 2.7x | 8% | 29% | 13% | 8% | 23% |
| SAIC Motor | China | CNY 17 | +17.0% | $27640.33017764764M | 0.1x | 0.1x | 7% | 9% | 5% | 1% | 12% |
| Li Auto | Hong Kong | HKD 96 | -6.2% | $25080.777853359275M | 0.7x | 0.5x | 23% | 20% | 7% | 7% | 29% |
| Traton | Germany | EUR 27 | -10.5% | $16068.0408M | 0.2x | 0.2x | 3% | 22% | 14% | 4% | 16% |
| Hero MotoCorp | India | INR 5582 | -4.2% | $12584.337703338682M | 2.5x | 2.3x | 9% | 33% | 15% | 10% | 24% |
| Weichai Power | China | CNY 14 | -9.7% | $16883.617621359077M | 0.4x | 0.4x | 6% | 21% | 13% | 0% | 18% |
| Zeekr Global | United States of America | USD 30 | +36.7% | $7654.443326M | 0.7x | 0.5x | 40% | NaN% | 4% | NaN% | 39% |
| Isuzu | Japan | JPY 1910 | -3.2% | $8938.248886312018M | 0.5x | 0.5x | 6% | 19% | 9% | 2% | 16% |
| Yamaha Motor | Japan | JPY 1137 | -13.3% | $7367.99605408509M | 0.6x | 0.6x | 4% | 33% | 10% | 0% | 13% |
| Ford Otosan | Turkey | TRY 97 | +7.9% | $8127.0669468412M | 0.6x | 0.4x | 28% | NaN% | 8% | 1% | 35% |
| VinFast | United States of America | USD 3 | -15.7% | $7671.305577M | 3.5x | 2.4x | 45% | -5% | -24% | NaN% | -3% |
| Leapmotor Technology | Hong Kong | HKD 67 | +98.1% | $12324.739546546076M | 1.2x | 0.7x | 65% | 15% | 4% | 16% | 68% |
| Iveco Group | Italy | EUR 18 | +103.5% | $5691.1518084588M | 0.5x | 0.5x | 5% | 12% | 11% | 4% | 16% |
| Harley-Davidson | United States of America | USD 27 | -27.6% | $3226.012293M | 2.3x | 2.2x | 1% | 28% | 13% | 30% | 21% |
| Chongqing Changan | China | CNY 11 | -16.4% | $15131.542810712952M | 0.3x | 0.3x | 13% | 16% | 6% | 5% | 19% |
| Lucid | United States of America | USD 24 | -32.6% | $7381.346M | 6.2x | 3.3x | 88% | -29% | -84% | -149% | -93% |
| Guangzhou Automobile Group | China | CNY 6 | -10.0% | $9120.969452101255M | 0.5x | 0.5x | 8% | 2% | 4% | -10% | 10% |
| Polestar | United States of America | USD 1 | -45.3% | $2029.433983M | 2.5x | 1.7x | 47% | -4% | -5% | NaN% | 31% |
| BRP | Canada | CAD 93 | +5.1% | $4880.5568453M | 1.2x | 1.1x | 6% | 24% | 14% | 6% | 18% |
| BAIC BluePark New Energy | China | CNY 8 | +0.1% | $6324.986742174081M | 1.7x | 1.0x | 72% | -9% | 1% | -13% | 70% |
| Thor Industries | United States of America | USD 106 | -5.6% | $5600.699876M | 0.6x | 0.6x | 0% | 14% | 6% | 3% | 7% |
| Polaris | United States of America | USD 64 | -30.2% | $3616.368973M | 0.8x | 0.7x | 3% | 19% | 6% | 1% | 8% |
| Volvo Cars | Sweden | SEK 21 | -30.9% | $6727.041850535704M | 0.1x | 0.1x | 0% | 18% | 10% | 0% | 7% |
| Subaru | Japan | JPY 3066 | +22.1% | $14917.42797492966M | 0.2x | 0.1x | 2% | 18% | 8% | 2% | 11% |
| Mitsubishi Motors | Japan | JPY 406 | +4.6% | $3633.8010045566884M | 0.2x | 0.2x | 1% | 16% | 5% | 0% | 6% |
| Hino Motors | Japan | JPY 381 | -16.5% | $1460.999440631933M | 0.3x | 0.3x | -1% | 20% | 8% | 4% | 2% |
| Tofas Turk Otomobil | Turkey | TRY 269 | +20.3% | $3226.3248921160134M | 0.5x | 0.3x | 58% | NaN% | 7% | -1% | 64% |
| Lotus Technology | United States of America | USD 2 | -59.6% | $1533.874063M | 3.2x | 1.7x | 83% | NaN% | -11% | NaN% | 46% |
| Aston Martin Lagonda | United Kingdom of Great Britain and Northern Ireland | GBP 1 | -31.6% | $1105.16365674258M | 1.4x | 1.3x | 11% | 41% | 23% | 7% | 30% |
| REV Group | United States of America | USD 53 | +102.0% | $2604.367032M | 1.1x | 1.0x | 7% | 16% | 10% | 5% | 17% |
| Mazda | Japan | JPY 1085 | +1.0% | $4573.689344831931M | 0.1x | 0.1x | 1% | 20% | 4% | 0% | 4% |
| NFI Group | Canada | CAD 15 | -18.4% | $1299.33691734M | 0.7x | 0.6x | 17% | 16% | 9% | 3% | 26% |
| PIERER Mobility | Switzerland | CHF 13 | -42.4% | $570.2030853063827M | 0.9x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| WeRide | United States of America | USD 11 | NaN% | $3215.176629M | 30.0x | 14.3x | 110% | 30% | -94% | -129% | -100% |
| Delek Automotive Systems | Israel | ILS 24 | +14.0% | $716.1749533892663M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Marcopolo | Brazil | BRL 8 | +14.8% | $1753.3157478635264M | 1.2x | 1.1x | 9% | 23% | 18% | 10% | 27% |
| Otokar Otomotiv | Turkey | TRY 490 | +16.3% | $1410.4676851778559M | 1.7x | 1.2x | 39% | NaN% | 11% | 8% | 46% |
| Blue Bird Corp. | United States of America | USD 53 | +20.0% | $1683.374693M | 1.1x | 1.1x | 4% | 21% | 14% | 4% | 19% |
| Piaggio | Italy | EUR 2 | -25.6% | $861.1882940277601M | 0.8x | 0.8x | 3% | NaN% | 17% | 5% | 19% |
| Sanlorenzo | Italy | EUR 35 | -3.7% | $1455.6127460145M | 1.3x | 1.3x | 2% | NaN% | 18% | 9% | 20% |
| Immsi | Italy | EUR 1 | +4.4% | $264.01109738040003M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Ferretti | Italy | EUR 3 | -3.6% | $1109.94961090134M | 0.7x | 0.7x | 4% | 41% | 17% | 9% | 21% |
| Anadolu Isuzu Otomotiv | Turkey | TRY 57 | -16.6% | $343.3481336250219M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Lion Electric | United States of America | USD 0 | -98.8% | $0.791761M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Toyota Caetano Portugal | Portugal | EUR 6 | +13.6% | $258.23637M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Chijet Motors | United States of America | USD 0 | -93.0% | $3.000172M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| KABE Group | Sweden | SEK 226 | -23.7% | $216.25279040155144M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Auto Italia Holdings | Hong Kong | HKD 0 | +7.4% | $146.4170535127105M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Next e GO | United States of America | USD 0 | +0.0% | $0.009438M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Ebusco Holding | Netherlands | EUR 0 | -76.6% | $42.491862456060005M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Novamarine | Italy | EUR 7 | +75.3% | $95.15131879500001M | 3.3x | 2.7x | 22% | NaN% | 25% | 0% | 45% |
| Nimbus Group | Sweden | SEK 15 | -23.2% | $66.32127918933173M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Pininfarina | Italy | EUR 1 | +14.9% | $79.22267293350001M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Xos Trucks | United States of America | USD 3 | -40.7% | $30.746965M | 1.1x | 0.9x | 22% | 10% | -23% | NaN% | -8% |
| Workhorse | United States of America | USD 1 | -89.9% | $17.679255M | 5.5x | 4.2x | 32% | -65% | -147% | NaN% | -171% |
| Carlo Gavazzi Holding | Switzerland | CHF 160 | -31.1% | $142.17884766457723M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| ECD Automotive Design | United States of America | USD 4 | -91.5% | $5.370575M | 1.1x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Bellini Nautica | Italy | EUR 3 | -1.7% | $21.143743992900003M | 1.1x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Tenax International | Italy | EUR 2 | -25.2% | $7.93776557454M | 0.7x | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Garin | Poland | PLN 3 | +93.3% | $12.97834372452689M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Zoomability Int | Sweden | SEK 2 | +25.3% | $4.462615705099176M | 8.0x | 4.7x | 71% | NaN% | -35% | NaN% | -5% |
| Clean Motion | Sweden | SEK 0 | -50.4% | $3.299407768904138M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Nilsson Special Vehicles | Sweden | SEK 3 | -41.2% | $1.5302549321512862M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Ortelius International | Sweden | SEK 8 | +96.8% | $1.0281951229907778M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
| Triggo | Poland | PLN 1 | -75.9% | $1.3312845608160209M | NaNx | NaNx | NaN% | NaN% | NaN% | NaN% | n/a |
Stock prices as of October 7, 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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