VLKAF (Volkswagen AG) Debt-to-Equity: 1.03 (As of Mar. 2026) — 13% Below Median

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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.

VLKAF Volkswagen AG VLKAF
78 GF Score
Price $83.60
GF Value $116.58
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Volkswagen AG Debt-to-Equity?

Volkswagen AG VLKAF -3.86% 78 Debt-to-Equity is 1.03 as of Mar. 2026, which is 13% below its 10-year median of 1.19. GuruFocus rates VLKAF with a GF Score™ of 78/100 and a GF Value™ of $116.58 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,217 Vehicles & Parts companies, Volkswagen AG ranks worse than 76.75% on this metric.

Volkswagen AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $75,691 Mil. Volkswagen AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $149,943 Mil. Volkswagen AG's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $218,140 Mil. Volkswagen AG's debt to equity for the quarter that ended in Mar. 2026 was 1.03.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Volkswagen AG's Debt-to-Equity or its related term are showing as below:

VLKAF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.99   Med: 1.19   Max: 1.48
Current: 1.03

During the past 13 years, the highest Debt-to-Equity Ratio of Volkswagen AG was 1.48. The lowest was 0.99. And the median was 1.19.

VLKAF's Debt-to-Equity is ranked worse than
76.75% of 1217 companies
in the Vehicles & Parts industry
Industry Median: 0.46 vs VLKAF: 1.03

Volkswagen AG  (OTCPK:VLKAF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Volkswagen AG Debt-to-Equity Related Terms


Volkswagen AG Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Volkswagen AG's Debt-to-Equity 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 Debt-to-Equity Chart

Volkswagen AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.27 1.08 1.11 1.08 1.04

Volkswagen AG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity 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 1.03 1.03 1.04 1.04 1.03

VLKAF vs TSLA, GM, F: Debt-to-Equity Comparison

For the Auto Manufacturers subindustry, Volkswagen AG's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Volkswagen AG's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Volkswagen AG's Debt-to-Equity falls into.


VLKAF
78GF Score
Volkswagen AG VLKAF
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Volkswagen AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Volkswagen AG's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Volkswagen AG's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 1.03 mean?
Volkswagen AG (VLKAF) has a Debt-to-Equity of 1.03 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Volkswagen AG and its competitors. This is 13% below median its historical median of 1.19. Over the past decade, Volkswagen AG's Debt-to-Equity has ranged from 0.99 to 1.48. According to the industry distribution chart, Volkswagen AG ranks #934 out of 1217 companies in the Vehicles & Parts industry, placing it in the top 76.7%.
Is Volkswagen AG's Debt-to-Equity too high?
Volkswagen AG's current Debt-to-Equity of 1.03 is 13% below median its 10-year median of 1.19. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 1.48. The Vehicles & Parts industry median Debt-to-Equity is 0.46. Volkswagen AG's value of 1.03 is 123.9% above this industry median. Based on the distribution chart, Volkswagen AG ranks #934 out of 1217 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Volkswagen AG has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Volkswagen AG's Debt-to-Equity compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Volkswagen AG ranks #934 out of 1217 companies for Debt-to-Equity. This places Volkswagen AG in the lower half of its industry. The industry median Debt-to-Equity is 0.46. Volkswagen AG's value of 1.03 is 123.9% above this benchmark. Historically, Volkswagen AG's own Debt-to-Equity has ranged from 0.99 to 1.48 over the past decade. While the company's 10-year median is 1.19 vs. the industry median of 0.46, Volkswagen AG has consistently been above 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 Debt-to-Equity for a Vehicles & Parts company?
The median Debt-to-Equity among Vehicles & Parts companies is 0.46, based on 1,217 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Volkswagen AG's current Debt-to-Equity of 1.03 is 123.9% above 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Volkswagen AG and its competitors. For the Vehicles & Parts industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Volkswagen AG's current Debt-to-Equity is 1.03, which is 13% below median its own 10-year median of 1.19. 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 (VLKAF) is currently considered Modestly Undervalued. The stock's GF Value™ is $116.58, compared to a current price of $83.60 — trading 28.3% below its estimated fair value. The current Debt-to-Equity is 1.03, which is 13% below median its 10-year median of 1.19 and 123.9% above the Vehicles & Parts industry median of 0.46. Volkswagen AG's overall GF Score™ is 78/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Volkswagen AG (VLKAF), the current Debt-to-Equity is 1.03 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 (VLKAF) Overvalued in 2026?

Based on GuruFocus' analysis, Volkswagen AG stock appears to be undervalued. The current stock price of $83.60 is trading 28.3% below its estimated GF Value™ of $116.58. GuruFocus considers Volkswagen AG to be Modestly Undervalued.

Key valuation signals for VLKAF:

  • Debt-to-Equity: 1.03 (13% below median its 10-year median of 1.19)
  • GF Value™: $116.58 vs. price of $83.60 (28.3% below fair value)
  • GF Score™: 78/100 with 8 warning signs
  • Industry Position: 123.9% above the Vehicles & Parts median (#934 of 1217)

No single metric tells the full story. See the VLKAF 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.
78GF Score

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Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$83.60
Price
$116.58
GF Value