VWAPY (Volkswagen AG) Cyclically Adjusted Revenue per Share: $72.04 (As of Mar. 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
76 GF Score
Price $8.34
GF Value $11.74
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Volkswagen AG Cyclically Adjusted Revenue per Share?

Volkswagen AG VWAPY -1.42% 76 Cyclically Adjusted Revenue per Share is $72.04 as of Mar. 2026. GuruFocus rates VWAPY with a GF Score™ of 76/100 and a GF Value™ of $11.74 (Modestly Undervalued). The stock has 8 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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 for the three months ended in Mar. 2026 was $17.448. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $72.04 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Volkswagen AG's average Cyclically Adjusted Revenue Growth Rate was 4.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Volkswagen AG was 7.20% per year. The lowest was 4.00% per year. And the median was 4.95% per year.

As of today (2026-07-16), Volkswagen AG's current stock price is $8.34. Volkswagen AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $72.04. Volkswagen AG's Cyclically Adjusted PS Ratio of today is 0.12.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Volkswagen AG was 0.53. The lowest was 0.11. And the median was 0.31.


Volkswagen AG  (OTCPK:VWAPY) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=8.34/72.04
=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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Volkswagen AG was 0.53. The lowest was 0.11. And the median was 0.31.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Volkswagen AG Cyclically Adjusted Revenue per Share Related Terms


Volkswagen AG Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Volkswagen AG's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

Volkswagen AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.34 55.93 61.37 60.15 70.93

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 Revenue per Share 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 64.04 70.12 70.82 70.93 72.04

VWAPY vs TSLA, GM, F: Cyclically Adjusted Revenue per Share 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.


VWAPY
76GF Score
Volkswagen AG VWAPY
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Volkswagen AG Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

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)
=17.448/131.2583*131.2583
=17.448

Current CPI (Mar. 2026) = 131.2583.

Volkswagen AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 12.769 100.717 16.641
201609 11.641 101.017 15.126
201612 12.065 101.217 15.646
201703 11.990 101.417 15.518
201706 13.258 102.117 17.041
201709 13.009 102.717 16.624
201712 14.043 102.617 17.963
201803 14.323 102.917 18.267
201806 14.250 104.017 17.982
201809 12.849 104.718 16.106
201812 13.906 104.217 17.514
201903 13.527 104.217 17.037
201906 14.693 105.718 18.243
201909 13.494 106.018 16.707
201912 14.632 105.818 18.150
202003 12.136 105.718 15.068
202006 9.227 106.618 11.359
202009 13.946 105.818 17.299
202012 16.357 105.518 20.347
202103 14.813 107.518 18.084
202106 16.173 108.486 19.568
202109 13.361 109.435 16.025
202112 14.336 110.384 17.047
202203 13.777 113.968 15.867
202206 14.655 115.760 16.617
202209 13.958 118.818 15.419
202212 16.095 119.345 17.702
202303 16.274 122.402 17.451
202306 17.303 123.140 18.444
202309 16.786 124.195 17.741
202312 18.965 123.773 20.112
202403 16.362 125.038 17.176
202406 17.895 125.882 18.659
202409 17.375 126.198 18.072
202412 18.252 127.041 18.858
202503 16.726 127.779 17.181
202506 18.592 128.412 19.004
202509 18.802 129.255 19.093
202512 19.445 129.361 19.730
202603 17.448 131.258 17.448

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of $72.04 mean?
Volkswagen AG (VWAPY) has a Cyclically Adjusted Revenue per Share of $72.04 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Volkswagen AG and its competitors.
Is Volkswagen AG's Cyclically Adjusted Revenue per Share too high?
Volkswagen AG's current Cyclically Adjusted Revenue per Share is $72.04. Overall, Volkswagen AG has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Volkswagen AG's Cyclically Adjusted Revenue per Share compare to TSLA and GM?
Volkswagen AG's Cyclically Adjusted Revenue per Share of $72.04 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Vehicles & Parts company?
A good Cyclically Adjusted Revenue per Share depends on the Vehicles & Parts industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Volkswagen AG and its competitors. Volkswagen AG's current Cyclically Adjusted Revenue per Share is $72.04. 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 (VWAPY) is currently considered Modestly Undervalued. The stock's GF Value™ is $11.74, compared to a current price of $8.34 — trading 29% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is $72.04. Volkswagen AG's overall GF Score™ is 76/100 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Volkswagen AG (VWAPY), the current Cyclically Adjusted Revenue per Share is $72.04 as of Mar. 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 (VWAPY) Overvalued in 2026?

Based on GuruFocus' analysis, Volkswagen AG stock appears to be undervalued. The current stock price of $8.34 is trading 29% below its estimated GF Value™ of $11.74. GuruFocus considers Volkswagen AG to be Modestly Undervalued.

Key valuation signals for VWAPY:

  • Cyclically Adjusted Revenue per Share: $72.04
  • GF Value™: $11.74 vs. price of $8.34 (29% below fair value)
  • GF Score™: 76/100 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.
76GF Score

Get the complete analysis for VWAPY

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

$8.34
Price
$11.74
GF Value