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Volkswagen AG (BUD:VOLKSWAGEN) E10 : Ft9,876.13 (As of Dec. 2024)


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What is Volkswagen AG E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Volkswagen AG's adjusted earnings per share data for the three months ended in Dec. 2024 was Ft2,351.911. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is Ft9,876.13 for the trailing ten years ended in Dec. 2024.

During the past 3 years, the average E10 Growth Rate was 1.30% per year. During the past 5 years, the average E10 Growth Rate was 1.00% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Volkswagen AG was 7.90% per year. The lowest was -0.90% per year. And the median was 2.20% per year.

As of today (2025-04-24), Volkswagen AG's current stock price is Ft38610.00. Volkswagen AG's E10 for the quarter that ended in Dec. 2024 was Ft9,876.13. Volkswagen AG's Shiller PE Ratio of today is 3.91.

During the past 13 years, the highest Shiller PE Ratio of Volkswagen AG was 10.46. The lowest was 3.41. And the median was 6.64.


Volkswagen AG E10 Historical Data

The historical data trend for Volkswagen AG's E10 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.

* Premium members only.

Volkswagen AG E10 Chart

Volkswagen AG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 8,602.88 8,913.55 8,755.89 9,876.13

Volkswagen AG Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
E10 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 8,755.89 9,043.47 9,508.41 9,530.73 9,876.13

Competitive Comparison of Volkswagen AG's E10

For the Auto Manufacturers subindustry, Volkswagen AG's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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's Shiller PE Ratio Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Volkswagen AG's Shiller PE Ratio falls into.


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Volkswagen AG E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=2351.911/127.0412*127.0412
=2,351.911

Current CPI (Dec. 2024) = 127.0412.

Volkswagen AG Quarterly Data

per share eps CPI Adj_EPS
201503 2,236.040 99.717 2,848.765
201506 2,153.223 100.417 2,724.129
201509 -1,393.737 100.417 -1,763.273
201512 -4,238.602 99.717 -5,400.075
201603 1,835.814 100.017 2,331.851
201606 930.202 100.717 1,173.329
201609 1,834.078 101.017 2,306.581
201612 -448.036 101.217 -562.347
201703 2,536.959 101.417 3,177.955
201706 2,450.881 102.117 3,049.080
201709 845.170 102.717 1,045.312
201712 3,258.699 102.617 4,034.308
201803 2,840.526 102.917 3,506.351
201806 2,708.019 104.017 3,307.430
201809 2,234.449 104.718 2,710.789
201812 2,211.284 104.217 2,695.559
201903 2,350.846 104.217 2,865.686
201906 3,217.161 105.718 3,866.073
201909 2,996.923 106.018 3,591.218
201912 2,139.690 105.818 2,568.843
202003 310.231 105.718 372.806
202006 -1,309.270 106.618 -1,560.070
202009 2,191.909 105.818 2,631.535
202012 6,073.573 105.518 7,312.467
202103 2,763.885 107.518 3,265.756
202106 4,206.619 108.486 4,926.119
202109 2,333.309 109.435 2,708.706
202112 3,229.363 110.384 3,716.698
202203 5,189.116 113.968 5,784.351
202206 2,838.489 115.760 3,115.099
202209 1,393.461 118.818 1,489.903
202212 1,986.577 119.345 2,114.687
202303 3,225.657 122.402 3,347.903
202306 2,527.044 123.140 2,607.095
202309 2,980.998 124.195 3,049.324
202312 3,603.404 123.773 3,698.554
202403 2,539.197 125.038 2,579.875
202406 2,406.110 125.882 2,428.277
202409 966.786 126.198 973.247
202412 2,351.911 127.041 2,351.911

Add all the adjusted EPS together and divide 10 will get our e10.


Volkswagen AG  (BUD:VOLKSWAGEN) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Volkswagen AG's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=38610.00/9876.13
=3.91

* 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 Shiller P/E Ratio of Volkswagen AG was 10.46. The lowest was 3.41. And the median was 6.64.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Volkswagen AG E10 Related Terms

Thank you for viewing the detailed overview of Volkswagen AG's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


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 9.4 million vehicles in 2023. 80% of group revenue is generated by 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). It also has a vehicle software business (Cariad), batteries, and power engineering production and financial services.

Volkswagen AG Headlines

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