Volkswagen AG (MEX:VOW3N) Cyclically Adjusted PB Ratio: 0.18 (As of Aug. 09, 2026) — 75% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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MEX:VOW3N Volkswagen AG MEX:VOW3N
60 GF Score
Price MXN1,410.00
GF Value MXN2,347.71
Valuation Possible Value Trap
! 8 Warning Signs
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What is Volkswagen AG Cyclically Adjusted PB Ratio?

Volkswagen AG MEX:VOW3N 60 Cyclically Adjusted PB Ratio is 0.18 as of Aug. 09, 2026, which is 75% below its 10-year median of 0.72. GuruFocus rates MEX:VOW3N with a GF Score™ of 60/100 and a GF Value™ of MXN2,347.71 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,009 Vehicles & Parts companies, Volkswagen AG ranks better than 94.05% on this metric.

As of today (2026-08-09), Volkswagen AG's current share price is MXN1410.00. Volkswagen AG's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN7,965.10. Volkswagen AG's Cyclically Adjusted PB Ratio for today is 0.18.

The historical rank and industry rank for Volkswagen AG's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:VOW3N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.72   Max: 1.18
Current: 0.23

During the past years, Volkswagen AG's highest Cyclically Adjusted PB Ratio was 1.18. The lowest was 0.22. And the median was 0.72.

MEX:VOW3N's Cyclically Adjusted PB Ratio is ranked better than
94.05% of 1009 companies
in the Vehicles & Parts industry
Industry Median: 1.28 vs MEX:VOW3N: 0.23

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 adjusted book value per share data for the three months ended in Jun. 2026 was MXN7,527.879. 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 MXN7,965.10 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Volkswagen AG  (MEX:VOW3N) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Volkswagen AG Cyclically Adjusted PB Ratio Related Terms


Volkswagen AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Volkswagen AG's Cyclically Adjusted PB Ratio 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 PB Ratio Chart

Volkswagen AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.79 0.45 0.40 0.30 0.33

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 PB Ratio 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 0.29 0.29 0.33 0.27 0.21

MEX:VOW3N vs TSLA, GM, F: Cyclically Adjusted PB Ratio 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.


MEX:VOW3N
60GF Score
Volkswagen AG MEX:VOW3N
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Volkswagen AG Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1410.00/7965.10
=0.18

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

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)
=7527.879/131.3638*131.3638
=7,527.879

Current CPI (Jun. 2026) = 131.3638.

Volkswagen AG Quarterly Data

Book Value per Share CPI Adj_Book
201609 3,923.473 101.017 5,102.145
201612 4,021.166 101.217 5,218.848
201703 3,889.483 101.417 5,037.989
201706 4,223.638 102.117 5,433.308
201709 4,557.469 102.717 5,828.498
201712 5,046.669 102.617 6,460.421
201803 4,936.687 102.917 6,301.201
201806 5,202.778 104.017 6,570.606
201809 4,976.696 104.718 6,243.061
201812 5,218.775 104.217 6,578.154
201903 5,116.544 104.217 6,449.294
201906 5,060.690 105.718 6,288.371
201909 5,107.256 106.018 6,328.269
201912 5,090.792 105.818 6,319.797
202003 6,412.600 105.718 7,968.243
202006 6,353.010 106.618 7,827.544
202009 6,268.277 105.818 7,781.548
202012 6,133.163 105.518 7,635.462
202103 6,443.203 107.518 7,872.211
202106 6,614.062 108.486 8,008.867
202109 6,752.730 109.435 8,105.878
202112 6,679.258 110.384 7,948.767
202203 6,869.441 113.968 7,917.969
202206 6,970.421 115.760 7,909.967
202209 7,010.899 118.818 7,751.182
202212 6,813.223 119.345 7,499.364
202303 6,500.918 122.402 6,976.867
202306 6,194.691 123.140 6,608.377
202309 6,484.154 124.195 6,858.455
202312 6,460.802 123.773 6,857.038
202403 6,476.295 125.038 6,803.932
202406 7,004.709 125.882 7,309.773
202409 7,721.676 126.198 8,037.769
202412 7,941.461 127.041 8,211.671
202503 8,188.391 127.779 8,418.101
202506 7,922.926 128.412 8,105.063
202509 7,872.353 129.255 8,000.778
202512 7,918.739 129.361 8,041.364
202603 7,846.979 131.258 7,853.286
202606 7,527.879 131.364 7,527.879

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

What does a Cyclically Adjusted PB Ratio of 0.18 mean?
Volkswagen AG (MEX:VOW3N) has a Cyclically Adjusted PB Ratio of 0.18 as of Aug. 09, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Volkswagen AG and its competitors. This is 75% below median its historical median of 0.72. Over the past decade, Volkswagen AG's Cyclically Adjusted PB Ratio has ranged from 0.22 to 1.18. According to the industry distribution chart, Volkswagen AG ranks #60 out of 1009 companies in the Vehicles & Parts industry, placing it in the top 5.9%.
Is Volkswagen AG's Cyclically Adjusted PB Ratio too high?
Volkswagen AG's current Cyclically Adjusted PB Ratio of 0.18 is 75% below median its 10-year median of 0.72. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 1.18. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.28. Volkswagen AG's value of 0.18 is 85.9% below this industry median. Based on the distribution chart, Volkswagen AG ranks #60 out of 1009 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Volkswagen AG has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Volkswagen AG's Cyclically Adjusted PB Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Volkswagen AG ranks #60 out of 1009 companies for Cyclically Adjusted PB Ratio. This places Volkswagen AG in the top 6% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.28. Volkswagen AG's value of 0.18 is 85.9% below this benchmark. Historically, Volkswagen AG's own Cyclically Adjusted PB Ratio has ranged from 0.22 to 1.18 over the past decade. While the company's 10-year median is 0.72 vs. the industry median of 1.28, Volkswagen AG has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.28, based on 1,009 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Volkswagen AG's current Cyclically Adjusted PB Ratio of 0.18 is 85.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Volkswagen AG and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Volkswagen AG's current Cyclically Adjusted PB Ratio is 0.18, which is 75% below median its own 10-year median of 0.72. 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 (MEX:VOW3N) is currently considered Possible Value Trap. The stock's GF Value™ is MXN2,347.71, compared to a current price of MXN1,410.00 — trading 39.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.18, which is 75% below median its 10-year median of 0.72 and 85.9% below the Vehicles & Parts industry median of 1.28. Volkswagen AG's overall GF Score™ is 60/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Volkswagen AG (MEX:VOW3N), the current Cyclically Adjusted PB Ratio is 0.18 as of Aug. 09, 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 (MEX:VOW3N) Overvalued in 2026?

Based on GuruFocus' analysis, Volkswagen AG stock appears to be undervalued. The current stock price of MXN1,410.00 is trading 39.9% below its estimated GF Value™ of MXN2,347.71. GuruFocus considers Volkswagen AG to be Possible Value Trap.

Key valuation signals for MEX:VOW3N:

  • Cyclically Adjusted PB Ratio: 0.18 (75% below median its 10-year median of 0.72)
  • GF Value™: MXN2,347.71 vs. price of MXN1,410.00 (39.9% below fair value)
  • GF Score™: 60/100 with 8 warning signs
  • Industry Position: 85.9% below the Vehicles & Parts median (#60 of 1009)

No single metric tells the full story. See the MEX:VOW3N 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.
60GF Score

Get the complete analysis for MEX:VOW3N

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

MXN1,410.00
Price
MXN2,347.71
GF Value