Volkswagen AG (FRA:VOWA) Cyclically Adjusted PS Ratio: (As of Sep. 22, 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.

FRA:VOWA Volkswagen AG FRA:VOWA
73 GF Score
Price €7.20
GF Value €9.46
! 9 Warning Signs
View Full Analysis

What is Volkswagen AG Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Volkswagen AG  (FRA:VOWA) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Volkswagen AG Cyclically Adjusted PS Ratio Related Terms


Volkswagen AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

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

Volkswagen AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.55 0.28 0.21 0.16 0.17

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 PS 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 0.15 0.16 0.17 0.14 0.12

FRA:VOWA vs TSLA, GM, F: Cyclically Adjusted PS Ratio Comparison

For the Auto Manufacturers subindustry, Volkswagen AG's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio vs Vehicles & Parts Industry

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

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


FRA:VOWA
73GF Score
Volkswagen AG FRA:VOWA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Volkswagen AG Cyclically Adjusted PS Ratio Calculation

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

Volkswagen AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Volkswagen AG's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=16.446/131.3638*131.3638
=16.446

Current CPI (Jun. 2026) = 131.3638.

Volkswagen AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 10.396 101.017 13.519
201612 11.437 101.217 14.843
201703 11.210 101.417 14.520
201706 11.800 102.117 15.180
201709 10.915 102.717 13.959
201712 11.866 102.617 15.190
201803 11.615 102.917 14.825
201806 12.198 104.017 15.405
201809 11.011 104.718 13.813
201812 12.223 104.217 15.407
201903 11.971 104.217 15.089
201906 13.003 105.718 16.157
201909 12.252 106.018 15.181
201912 13.169 105.818 16.348
202003 10.982 105.718 13.646
202006 8.194 106.618 10.096
202009 11.840 105.818 14.698
202012 13.445 105.518 16.738
202103 12.443 107.518 15.203
202106 13.424 108.486 16.255
202109 11.357 109.435 13.633
202112 12.687 110.384 15.098
202203 12.510 113.968 14.419
202206 13.864 115.760 15.733
202209 14.098 118.818 15.587
202212 15.194 119.345 16.724
202303 15.200 122.402 16.313
202306 15.970 123.140 17.036
202309 15.728 124.195 16.636
202312 17.391 123.773 18.458
202403 15.053 125.038 15.815
202406 16.625 125.882 17.349
202409 15.655 126.198 16.296
202412 17.430 127.041 18.023
202503 15.472 127.779 15.906
202506 16.119 128.412 16.490
202509 16.020 129.255 16.281
202512 16.606 129.361 16.863
202603 15.092 131.258 15.104
202606 16.446 131.364 16.446

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 (FRA:VOWA) Overvalued in 2026?

Based on GuruFocus' analysis, Volkswagen AG stock appears to be undervalued. The current stock price of €7.20 is trading 23.9% below its estimated GF Value™ of €9.46.

Key valuation signals for FRA:VOWA:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €9.46 vs. price of €7.20 (23.9% below fair value)
  • GF Score™: 73/100 with 9 warning signs

No single metric tells the full story. See the FRA:VOWA 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.
73GF Score

Get the complete analysis for FRA:VOWA

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

€7.20
Price
€9.46
GF Value