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Volkswagen AG (MIL:1VOW3) Cyclically Adjusted Book per Share : €302.87 (As of Mar. 2025)


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What is Volkswagen AG Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Volkswagen AG's adjusted book value per share for the three months ended in Mar. 2025 was €370.231. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €302.87 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Volkswagen AG's average Cyclically Adjusted Book Growth Rate was 6.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 10.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Volkswagen AG was 11.70% per year. The lowest was 8.00% per year. And the median was 9.80% per year.

As of today (2025-05-31), Volkswagen AG's current stock price is €95.74. Volkswagen AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €302.87. Volkswagen AG's Cyclically Adjusted PB Ratio of today is 0.32.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Volkswagen AG was 1.18. The lowest was 0.28. And the median was 0.83.


Volkswagen AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Volkswagen AG's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Volkswagen AG Cyclically Adjusted Book per Share Chart

Volkswagen AG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 197.95 225.10 257.92 278.36 298.62

Volkswagen AG Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 283.70 289.20 291.89 298.62 302.87

Competitive Comparison of Volkswagen AG's Cyclically Adjusted Book per Share

For the Auto Manufacturers subindustry, Volkswagen AG's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Volkswagen AG's Cyclically Adjusted PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Volkswagen AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Volkswagen AG's Cyclically Adjusted PB Ratio falls into.


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Volkswagen AG Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Volkswagen AG's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=370.231/127.7792*127.7792
=370.231

Current CPI (Mar. 2025) = 127.7792.

Volkswagen AG Quarterly Data

Book Value per Share CPI Adj_Book
201506 201.700 100.417 256.661
201509 196.340 100.417 249.841
201512 175.665 99.717 225.101
201603 178.246 100.017 227.723
201606 176.892 100.717 224.423
201609 180.798 101.017 228.697
201612 184.899 101.217 233.422
201703 193.142 101.417 243.347
201706 207.957 102.117 260.217
201709 210.696 102.717 262.104
201712 217.136 102.617 270.379
201803 220.373 102.917 273.609
201806 226.651 104.017 278.428
201809 228.015 104.718 278.230
201812 233.629 104.217 286.449
201903 233.433 104.217 286.208
201906 233.158 105.718 281.814
201909 234.900 106.018 283.116
201912 242.933 105.818 293.352
202003 247.501 105.718 299.151
202006 244.409 106.618 292.919
202009 240.902 105.818 290.899
202012 253.442 105.518 306.912
202103 264.776 107.518 314.672
202106 275.780 108.486 324.825
202109 279.147 109.435 325.940
202112 288.152 110.384 333.563
202203 313.267 113.968 351.230
202206 327.767 115.760 361.797
202209 352.026 118.818 378.576
202212 329.898 119.345 353.212
202303 336.858 122.402 351.655
202306 333.512 123.140 346.076
202309 348.797 124.195 358.864
202312 349.032 123.773 360.330
202403 359.008 125.038 366.878
202406 355.204 125.882 360.559
202409 353.333 126.198 357.761
202412 363.646 127.041 365.758
202503 370.231 127.779 370.231

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Volkswagen AG  (MIL:1VOW3) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Volkswagen AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=95.74/302.87
=0.32

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Volkswagen AG was 1.18. The lowest was 0.28. And the median was 0.83.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Volkswagen AG Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Volkswagen AG's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Volkswagen AG Business Description

Industry
Address
Berliner Ring 2, Wolfsburg, NI, DEU, 38440
Volkswagen is the second-largest automotive original equipment manufacturer by vehicle sales globally, selling 9 million vehicles in 2024. 88% of group revenue is generated by its four vehicle segments—core (Volkswagen, SEAT, Skoda, and VW commercial), progressive (Audi, Lamborghini, and Bentley), sports luxury (Porsche), and Traton commercial vehicles (Traton, Scania, Navistar, MAN, and VW truck and bus). It also has a vehicle software business (Cariad), batteries, and power engineering production and financial services.

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