Total Shareholder Return (TSR)
In pay-versus-performance disclosure, TSR is the value of a $100 investment made at the start of the measurement period — dividends reinvested, share price included.
An index, not a price
Both TSR columns in the PvP table start at $100 at the end of the fiscal year five years (or three, for smaller reporting companies) before the current one, and track a $100 investment through the current year-end. Company TSR and peer-group TSR use the same construction, so they are directly comparable.
Typical values run from ~$50 (a company that lost half its value) to several hundred dollars. A TSR in the millions is a tagging error, not a return — one of the sanity checks our extraction applies.
Frequently asked
Is TSR the same as the stock price?
No. TSR includes dividends (assumed reinvested) and is expressed as an index starting at $100, so it measures total return over the period rather than the share price at a point in time.
What is the peer-group TSR column?
A $100-investment index over the company's disclosed compensation peer group (or, for companies using one, a published industry index), shown alongside company TSR so pay can be compared against how peers performed.
Related terms
Next term: Peer Group TSR (5 of 15)