Volkswagen AG (WAR:VOW) Cyclically Adjusted PS Ratio: 0.12 (As of Jul. 28, 2026) — 61% Below Median

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.

WAR:VOW Volkswagen AG WAR:VOW
83 GF Score
Price zł313.80
GF Value zł437.79
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Volkswagen AG Cyclically Adjusted PS Ratio?

Volkswagen AG WAR:VOW 83 Cyclically Adjusted PS Ratio is 0.12 as of Jul. 28, 2026, which is 61% below its 10-year median of 0.31. GuruFocus rates WAR:VOW with a GF Score™ of 83/100 and a GF Value™ of zł437.79 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,042 Vehicles & Parts companies, Volkswagen AG ranks better than 90.12% on this metric.

As of today (2026-07-28), Volkswagen AG's current share price is zł313.80. Volkswagen AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was zł2,698.71. Volkswagen AG's Cyclically Adjusted PS Ratio for today is 0.12.

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

WAR:VOW' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.31   Max: 0.53
Current: 0.11

During the past years, Volkswagen AG's highest Cyclically Adjusted PS Ratio was 0.53. The lowest was 0.11. And the median was 0.31.

WAR:VOW's Cyclically Adjusted PS Ratio is ranked better than
90.12% of 1042 companies
in the Vehicles & Parts industry
Industry Median: 0.72 vs WAR:VOW: 0.11

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Volkswagen AG's adjusted revenue per share data for the three months ended in Jun. 2026 was zł719.370. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is zł2,698.71 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Volkswagen AG  (WAR:VOW) 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 0.37 0.22 0.20 0.15 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 0.15 0.17 0.14 0.11

WAR:VOW 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.


WAR:VOW
83GF Score
Volkswagen AG WAR:VOW
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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=313.80/2698.71
=0.12

* 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 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)
=719.37/131.3638*131.3638
=719.370

Current CPI (Jun. 2026) = 131.3638.

Volkswagen AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 441.987 101.017 574.767
201612 458.083 101.217 594.521
201703 455.208 101.417 589.624
201706 503.371 102.117 647.539
201709 493.925 102.717 631.675
201712 533.182 102.617 682.545
201803 543.785 102.917 694.089
201806 541.033 104.017 683.272
201809 487.828 104.718 611.960
201812 527.965 104.217 665.489
201903 513.597 104.217 647.378
201906 557.850 105.718 693.180
201909 512.315 106.018 634.796
201912 555.545 105.818 689.663
202003 460.754 105.718 572.529
202006 350.339 106.618 431.653
202009 529.496 105.818 657.325
202012 621.022 105.518 773.139
202103 562.398 107.518 687.130
202106 614.051 108.486 743.545
202109 507.274 109.435 608.924
202112 544.285 110.384 647.736
202203 523.083 113.968 602.925
202206 556.425 115.760 631.426
202209 529.962 118.818 585.921
202212 611.077 119.345 672.617
202303 617.880 122.402 663.117
202306 656.933 123.140 700.803
202309 637.305 124.195 674.094
202312 720.063 123.773 764.224
202403 621.223 125.038 652.651
202406 679.431 125.882 709.021
202409 659.684 126.198 686.689
202412 692.965 127.041 716.543
202503 635.043 127.779 652.858
202506 705.890 128.412 722.117
202509 713.865 129.255 725.511
202512 738.266 129.361 749.698
202603 662.439 131.258 662.971
202606 719.370 131.364 719.370

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.

What does a Cyclically Adjusted PS Ratio of 0.12 mean?
Volkswagen AG (WAR:VOW) has a Cyclically Adjusted PS Ratio of 0.12 as of Jul. 28, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Volkswagen AG and its competitors. This is 61% below median its historical median of 0.31. Over the past decade, Volkswagen AG's Cyclically Adjusted PS Ratio has ranged from 0.11 to 0.53. According to the industry distribution chart, Volkswagen AG ranks #103 out of 1042 companies in the Vehicles & Parts industry, placing it in the top 9.9%.
Is Volkswagen AG's Cyclically Adjusted PS Ratio too high?
Volkswagen AG's current Cyclically Adjusted PS Ratio of 0.12 is 61% below median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 0.53. The Vehicles & Parts industry median Cyclically Adjusted PS Ratio is 0.72. Volkswagen AG's value of 0.12 is 83.3% below this industry median. Based on the distribution chart, Volkswagen AG ranks #103 out of 1042 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 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Volkswagen AG's Cyclically Adjusted PS Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Volkswagen AG ranks #103 out of 1042 companies for Cyclically Adjusted PS Ratio. This places Volkswagen AG in the top 10% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.72. Volkswagen AG's value of 0.12 is 83.3% below this benchmark. Historically, Volkswagen AG's own Cyclically Adjusted PS Ratio has ranged from 0.11 to 0.53 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 0.72, 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 PS Ratio for a Vehicles & Parts company?
The median Cyclically Adjusted PS Ratio among Vehicles & Parts companies is 0.72, based on 1,042 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Volkswagen AG's current Cyclically Adjusted PS Ratio of 0.12 is 83.3% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue 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 PS Ratio is 0.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Volkswagen AG's current Cyclically Adjusted PS Ratio is 0.12, which is 61% below median its own 10-year median of 0.31. 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 (WAR:VOW) is currently considered Modestly Undervalued. The stock's GF Value™ is zł437.79, compared to a current price of zł313.80 — trading 28.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.12, which is 61% below median its 10-year median of 0.31 and 83.3% below the Vehicles & Parts industry median of 0.72. Volkswagen AG's overall GF Score™ is 83/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Volkswagen AG (WAR:VOW), the current Cyclically Adjusted PS Ratio is 0.12 as of Jul. 28, 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 (WAR:VOW) Overvalued in 2026?

Based on GuruFocus' analysis, Volkswagen AG stock appears to be undervalued. The current stock price of zł313.80 is trading 28.3% below its estimated GF Value™ of zł437.79. GuruFocus considers Volkswagen AG to be Modestly Undervalued.

Key valuation signals for WAR:VOW:

  • Cyclically Adjusted PS Ratio: 0.12 (61% below median its 10-year median of 0.31)
  • GF Value™: zł437.79 vs. price of zł313.80 (28.3% below fair value)
  • GF Score™: 83/100 with 8 warning signs
  • Industry Position: 83.3% below the Vehicles & Parts median (#103 of 1042)

No single metric tells the full story. See the WAR:VOW 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.
83GF Score

Get the complete analysis for WAR:VOW

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

zł313.80
Price
zł437.79
GF Value