VWAGY (Volkswagen AG) Cyclically Adjusted Book per Share: $59.18 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

VWAGY Volkswagen AG VWAGY
70 GF Score
Price $9.11
GF Value $11.21
Valuation Modestly Undervalued
! 9 Warning Signs
View Full Analysis

What is Volkswagen AG Cyclically Adjusted Book per Share?

Volkswagen AG VWAGY -2.18% 70 Cyclically Adjusted Book per Share is $59.18 as of Jun. 2026. GuruFocus rates VWAGY with a GF Score™ of 70/100 and a GF Value™ of $11.21 (Modestly Undervalued). The stock has 9 warning signs investors should review.

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 Jun. 2026 was $73.645. 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 $59.18 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Volkswagen AG's average Cyclically Adjusted Book Growth Rate was 6.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 9.70% 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 7.10% per year. And the median was 9.75% per year.

As of today (2026-09-16), Volkswagen AG's current stock price is $9.1075. Volkswagen AG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $59.18. Volkswagen AG's Cyclically Adjusted PB Ratio of today is 0.15.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Volkswagen AG was 1.18. The lowest was 0.22. And the median was 0.71.


Volkswagen AG  (OTCPK:VWAGY) 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
=9.1075/59.184
=0.15

* 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 0.22. And the median was 0.71.


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


Volkswagen AG Cyclically Adjusted Book per Share Historical Data

* Premium members only.

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.

Volkswagen AG Cyclically Adjusted Book per Share Chart

Volkswagen AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 50.99 53.33 52.94 53.48 58.11

Volkswagen AG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 54.63 55.68 56.64 58.30 59.18

VWAGY vs TSLA, GM, F: Cyclically Adjusted Book per Share Comparison

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 Cyclically Adjusted PB Ratio vs 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.


VWAGY
70GF Score
Volkswagen AG VWAGY
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=73.645/131.3638*131.3638
=73.645

Current CPI (Jun. 2026) = 131.3638.

Volkswagen AG Quarterly Data

Book Value per Share CPI Adj_Book
201609 31.739 101.017 41.274
201612 30.504 101.217 39.589
201703 32.467 101.417 42.054
201706 36.124 102.117 46.470
201709 37.988 102.717 48.582
201712 39.875 102.617 51.045
201803 41.548 102.917 53.032
201806 39.598 104.017 50.008
201809 40.131 104.718 50.343
201812 40.578 104.217 51.148
201903 39.946 104.217 50.351
201906 40.971 105.718 50.910
201909 39.526 106.018 48.976
201912 42.219 105.818 52.411
202003 42.133 105.718 52.354
202006 41.406 106.618 51.016
202009 42.439 105.818 52.685
202012 46.883 105.518 58.367
202103 47.838 107.518 58.448
202106 50.543 108.486 61.202
202109 50.002 109.435 60.022
202112 50.760 110.384 60.408
202203 54.049 113.968 62.299
202206 53.425 115.760 60.626
202209 57.596 118.818 63.678
202212 59.389 119.345 65.370
202303 61.903 122.402 66.435
202306 61.758 123.140 65.882
202309 62.462 124.195 66.068
202312 65.147 123.773 69.142
202403 65.639 125.038 68.960
202406 64.865 125.882 67.690
202409 67.271 126.198 70.025
202412 64.161 127.041 66.344
202503 68.555 127.779 70.478
202506 73.136 128.412 74.817
202509 73.069 129.255 74.261
202512 75.134 129.361 76.297
202603 74.580 131.258 74.640
202606 73.645 131.364 73.645

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

What does a Cyclically Adjusted Book per Share of $59.18 mean?
Volkswagen AG (VWAGY) has a Cyclically Adjusted Book per Share of $59.18 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Volkswagen AG and its competitors.
Is Volkswagen AG's Cyclically Adjusted Book per Share too high?
Volkswagen AG's current Cyclically Adjusted Book per Share is $59.18. Overall, Volkswagen AG has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Volkswagen AG's Cyclically Adjusted Book per Share compare to TSLA and GM?
Volkswagen AG's Cyclically Adjusted Book per Share of $59.18 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Vehicles & Parts company?
A good Cyclically Adjusted Book per Share depends on the Vehicles & Parts industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Volkswagen AG and its competitors. Volkswagen AG's current Cyclically Adjusted Book per Share is $59.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Volkswagen AG stock overvalued right now?
Based on GuruFocus' analysis, Volkswagen AG (VWAGY) is currently considered Modestly Undervalued. The stock's GF Value™ is $11.21, compared to a current price of $9.11 — trading 18.8% below its estimated fair value. The current Cyclically Adjusted Book per Share is $59.18. Volkswagen AG's overall GF Score™ is 70/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Volkswagen AG (VWAGY), the current Cyclically Adjusted Book per Share is $59.18 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Volkswagen AG (VWAGY) Overvalued in 2026?

Based on GuruFocus' analysis, Volkswagen AG stock appears to be undervalued. The current stock price of $9.11 is trading 18.8% below its estimated GF Value™ of $11.21. GuruFocus considers Volkswagen AG to be Modestly Undervalued.

Key valuation signals for VWAGY:

  • Cyclically Adjusted Book per Share: $59.18
  • GF Value™: $11.21 vs. price of $9.11 (18.8% below fair value)
  • GF Score™: 70/100 with 9 warning signs

No single metric tells the full story. See the VWAGY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Volkswagen AG Business Description

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 2025. 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) contribute 45%, 20%, 10%, and 13% to group revenue, respectively. It also has a vehicle software business (Cariad), batteries, power engineering production, and financial services.
70GF Score

Get the complete analysis for VWAGY

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$9.11
Price
$11.21
GF Value