Volkswagen AG (XSWX:VOW3) Cyclically Adjusted PS Ratio: 0.12 (As of Jul. 12, 2026) — 61% Below Median


XSWX:VOW3 Volkswagen AG XSWX:VOW3
68 GF Score
Price CHF66.86
GF Value CHF92.16
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Volkswagen AG Cyclically Adjusted PS Ratio?

Volkswagen AG XSWX:VOW3 68 Cyclically Adjusted PS Ratio is 0.12 as of Jul. 12, 2026, which is 61% below its 10-year median of 0.31. GuruFocus rates XSWX:VOW3 with a GF Score™ of 68/100 and a GF Value™ of CHF92.16 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,041 Vehicles & Parts companies, Volkswagen AG ranks better than 90.49% on this metric.

As of today (2026-07-12), Volkswagen AG's current share price is CHF66.86. Volkswagen AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was CHF565.20. 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:

XSWX:VOW3' 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.

XSWX:VOW3's Cyclically Adjusted PS Ratio is ranked better than
90.49% of 1041 companies
in the Vehicles & Parts industry
Industry Median: 0.74 vs XSWX:VOW3: 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 Mar. 2026 was CHF137.366. 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 CHF565.20 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Volkswagen AG  (XSWX:VOW3) 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
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.16 0.15 0.15 0.17 0.14

XSWX:VOW3 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.


XSWX:VOW3
68GF Score
Volkswagen AG XSWX:VOW3
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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
=66.86/565.20
=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 Mar. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=137.366/131.2583*131.2583
=137.366

Current CPI (Mar. 2026) = 131.2583.

Volkswagen AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 123.798 100.717 161.339
201609 113.293 101.017 147.210
201612 122.994 101.217 159.499
201703 120.076 101.417 155.408
201706 128.352 102.117 164.980
201709 125.215 102.717 160.008
201712 138.607 102.617 177.293
201803 135.778 102.917 173.168
201806 141.076 104.017 178.022
201809 124.414 104.718 155.947
201812 137.933 104.217 173.722
201903 135.342 104.217 170.459
201906 145.167 105.718 180.238
201909 133.668 106.018 165.492
201912 143.777 105.818 178.344
202003 116.417 105.718 144.543
202006 87.781 106.618 108.068
202009 127.594 105.818 158.270
202012 145.315 105.518 180.764
202103 137.730 107.518 168.141
202106 146.821 108.486 177.641
202109 123.295 109.435 147.883
202112 132.032 110.384 157.001
202203 128.046 113.968 147.472
202206 142.188 115.760 161.224
202209 135.858 118.818 150.083
202212 149.941 119.345 164.909
202303 150.617 122.402 161.514
202306 155.794 123.140 166.065
202309 151.005 124.195 159.594
202312 164.014 123.773 173.933
202403 145.394 125.038 152.627
202406 159.948 125.882 166.780
202409 147.203 126.198 153.106
202412 162.733 127.041 168.135
202503 147.793 127.779 151.817
202506 151.192 128.412 154.543
202509 149.685 129.255 152.005
202512 154.957 129.361 157.230
202603 137.366 131.258 137.366

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 (XSWX:VOW3) has a Cyclically Adjusted PS Ratio of 0.12 as of Jul. 12, 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 #99 out of 1041 companies in the Vehicles & Parts industry, placing it in the top 9.5%.
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 0.74. Volkswagen AG's value of 0.12 is 83.8% below this industry median. Based on the distribution chart, Volkswagen AG ranks #99 out of 1041 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 68/100 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 #99 out of 1041 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 0.74. Volkswagen AG's value of 0.12 is 83.8% 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 0.74, 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 0.74, based on 1,041 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 83.8% 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 0.74 — 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 (XSWX:VOW3) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF92.16, compared to a current price of CHF66.86 — trading 27.5% 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 83.8% below the Vehicles & Parts industry median of 0.74. Volkswagen AG's overall GF Score™ is 68/100 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 (XSWX:VOW3), the current Cyclically Adjusted PS Ratio is 0.12 as of Jul. 12, 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 (XSWX:VOW3) Overvalued in 2026?

Based on GuruFocus' analysis, Volkswagen AG stock appears to be undervalued. The current stock price of CHF66.86 is trading 27.5% below its estimated GF Value™ of CHF92.16. GuruFocus considers Volkswagen AG to be Modestly Undervalued.

Key valuation signals for XSWX:VOW3:

  • Cyclically Adjusted PS Ratio: 0.12 (61% below median its 10-year median of 0.31)
  • GF Value™: CHF92.16 vs. price of CHF66.86 (27.5% below fair value)
  • GF Score™: 68/100 with 8 warning signs
  • Industry Position: 83.8% below the Vehicles & Parts median (#99 of 1041)

No single metric tells the full story. See the XSWX:VOW3 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.
68GF Score

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

CHF66.86
Price
CHF92.16
GF Value