VWAPY (Volkswagen AG) Cyclically Adjusted PB Ratio: (As of Jul. 24, 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.

VWAPY Volkswagen AG VWAPY
74 GF Score
Price $8.04
GF Value $11.74
Valuation Possible Value Trap
! 8 Warning Signs
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What is Volkswagen AG Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Volkswagen AG  (OTCPK:VWAPY) 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 0.00

VWAPY 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.


VWAPY
74GF Score
Volkswagen AG VWAPY
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 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)
=43.142/131.3638*131.3638
=43.142

Current CPI (Jun. 2026) = 131.3638.

Volkswagen AG Quarterly Data

Book Value per Share CPI Adj_Book
201609 20.292 101.017 26.388
201612 19.504 101.217 25.313
201703 20.657 101.417 26.757
201706 23.366 102.117 30.058
201709 25.113 102.717 32.117
201712 25.697 102.617 32.896
201803 27.173 102.917 34.684
201806 26.478 104.017 33.439
201809 26.606 104.718 33.376
201812 26.579 104.217 33.502
201903 26.377 104.217 33.248
201906 26.346 105.718 32.737
201909 25.870 106.018 32.055
201912 26.993 105.818 33.510
202003 27.348 105.718 33.982
202006 27.524 106.618 33.912
202009 28.375 105.818 35.225
202012 30.832 105.518 38.384
202103 31.521 107.518 38.512
202106 33.226 108.486 40.233
202109 32.841 109.435 39.422
202112 32.559 110.384 38.747
202203 34.501 113.968 39.767
202206 34.648 115.760 39.318
202209 34.854 118.818 38.534
202212 34.947 119.345 38.466
202303 36.066 122.402 38.706
202306 36.133 123.140 38.546
202309 37.225 124.195 39.374
202312 38.062 123.773 40.396
202403 39.023 125.038 40.997
202406 38.235 125.882 39.900
202409 39.216 126.198 40.821
202412 38.078 127.041 39.374
202503 40.025 127.779 41.148
202506 42.078 128.412 43.045
202509 42.915 129.255 43.615
202512 43.979 129.361 44.660
202603 43.515 131.258 43.550
202606 43.142 131.364 43.142

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.

Is Volkswagen AG (VWAPY) Overvalued in 2026?

Based on GuruFocus' analysis, Volkswagen AG stock appears to be undervalued. The current stock price of $8.04 is trading 31.5% below its estimated GF Value™ of $11.74. GuruFocus considers Volkswagen AG to be Possible Value Trap.

Key valuation signals for VWAPY:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $11.74 vs. price of $8.04 (31.5% below fair value)
  • GF Score™: 74/100 with 8 warning signs

No single metric tells the full story. See the VWAPY 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.
74GF Score

Get the complete analysis for VWAPY

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

$8.04
Price
$11.74
GF Value