September 6 Market Report: Tesla's P/E Ratio Was 333x (Character-Count Check: Exactly 28 Characters Including Spaces, Within the Limit)
The biggest gain among U.S. large caps on the day was a mere 0.08%. Of the 30 major stocks tallied on September 4, 18 rose, but all by less than 0.1%, and the steepest decline stopped at Broadcom's -0.03%. Palantir (+0.08%) topped the board in nominal terms, followed closely by Oracle (0.06%) and Tesla (0.05%). It was a session that closed with buying and selling pressure in near-perfect balance.
A Market Holding Its Breath, but the Gaps Were Wide
Prices stood still, yet the valuation gaps between stocks were stretched to extremes. Market data show Tesla's P/E ratio at 333.1x and Palantir's at 156.0x, while Berkshire Hathaway traded at just 12.8x and JPMorgan at 15.5x. On the same day, in the same market, price tags differing by orders of magnitude coexisted.
| Stock | Price | Change | Market Cap | P/E | EPS Growth |
|---|---|---|---|---|---|
| Palantir | 182.53 | +0.08% | KRW 0.44tn | 156.0 | 22,857.1% |
| Oracle | 154.04 | +0.06% | KRW 0.44tn | 26.5 | - |
| Tesla | 376.37 | +0.05% | KRW 1.49tn | 333.1 | -4,709.0% |
| Meta | 610.68 | +0.03% | KRW 1.56tn | 23.0 | -256.0% |
| ASML | 1646.19 | -0.02% | KRW 0.63tn | 55.9 | - |
| Broadcom | 357.16 | -0.03% | KRW 1.70tn | 45.4 | - |
The three top gainers also differ markedly in character. Palantir's explosive EPS (earnings per share) growth of 22,857.1% offsets the burden of its high valuation. Tesla is the opposite: despite EPS plunging -4,709.0%, it maintains a 333x premium. It is a picture of earnings-backed gains standing side by side with gains held up by expectation alone.
Alphabet Delivers Growth and Undervaluation at Once
The most balanced profile in the day's data belongs to Alphabet. With EPS growth of 3,419.4%, it sits in the hypergrowth camp, yet its P/E holds at just 16.9x. That combination is hard to find in a mega-cap carrying a market cap of KRW 4.19tn. Given that base effects loom large behind the thousands-of-percent growth rates of AI beneficiaries such as Nvidia (6,599.3%), TSMC (4,430.2%), and Microsoft (3,138.7%), the durability of those figures warrants separate verification.
| Stock | P/E | EPS Growth | Change | Market Cap |
|---|---|---|---|---|
| Tesla | 333.1 | -4,709.0% | +0.05% | KRW 1.49tn |
| Palantir | 156.0 | 22,857.1% | +0.08% | KRW 0.44tn |
| AMD | 116.4 | 16,435.6% | -0.00% | KRW 0.74tn |
| Alphabet (GOOGL) | 16.9 | 3,419.4% | +0.02% | KRW 4.19tn |
| JPMorgan | 15.5 | 151.6% | +0.02% | KRW 0.96tn |
| Berkshire Hathaway | 12.8 | - | +0.01% | KRW 1.09tn |
Sector-by-sector fortunes diverged clearly as well. In energy, ExxonMobil and Chevron slipped -0.01% and -0.00% respectively, with EPS growth also in the red at -1,454.1% and -3,186.5% — a phase in which earnings and share prices point the same way. JPMorgan managed a modest gain on the pairing of profit growth (151.6%) with a low P/E.
Hairline Cracks in the AI Semiconductor Camp
The swings were tiny, but a temperature gap was detectable within the semiconductor and equipment names. Nvidia and Intel each added 0.02% while TSMC and Micron held flat (0.00%). ASML sagged -0.02%, and Broadcom's -0.03% was the day's steepest drop. It reads as a signal that equipment stocks are in relative retreat.
Intel's EPS growth of 9,865.5% deserves a closer look. One plausible reading is that its earnings base was once too thin for a P/E to be computed at all and has now entered a recovery phase. Meta, for its part, rose 0.03% despite EPS contracting -256.0%, keeping it among the sturdier big-tech names.
A Crossroads for Direction
A ±0.1% sideways drift is volatility in compressed form. In stretches like this, direction tends to unwind sharply on even the smallest catalyst. On the growth side, the point to watch is whether Palantir and Oracle can keep cruising. On the value side, the swing factor is whether money migrates toward names such as Alphabet and JPMorgan, where growth is layered on top of a low P/E.
"Opportunity comes when the prepared are there to meet it" — Benjamin Disraeli
Bend Disraeli's maxim to fit this market and the answer becomes simple. Before a direction is decided, a range-bound session like this is precisely the time to finish the preparation. With triple-digit P/E stocks and names trading at 10x to 16x coexisting, once a direction emerges the gaps will either narrow or stretch further. Either way, the day's motionless close looks likely to be recorded as the starting line of the next phase.
