Volkswagen AG (WAR:VOW) E10: zł113.47 (As of Jun. 2026)

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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
81 GF Score
Price zł328.90
GF Value zł425.63
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Volkswagen AG E10?

Volkswagen AG WAR:VOW -0.54% 81 E10 is zł113.47 as of Jun. 2026. GuruFocus rates WAR:VOW with a GF Score™ of 81/100 and a GF Value™ of zł425.63 (Modestly Undervalued). The stock has 7 warning signs investors should review.

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 Jun. 2026 was zł11.024. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł113.47 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Volkswagen AG's average E10 Growth Rate was 10.90% per year. During the past 3 years, the average E10 Growth Rate was 5.50% per year. During the past 5 years, the average E10 Growth Rate was 2.50% per year. During the past 10 years, the average E10 Growth Rate was 3.40% 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 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 3.35% per year.

As of today (2026-08-02), Volkswagen AG's current stock price is zł328.90. Volkswagen AG's E10 for the quarter that ended in Jun. 2026 was zł113.47. Volkswagen AG's Shiller PE Ratio of today is 2.90.

During the past 13 years, the highest Shiller PE Ratio of Volkswagen AG was 10.46. The lowest was 2.72. And the median was 6.35.


Volkswagen AG  (WAR:VOW) 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
=328.90/113.47
=2.90

* 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 2.72. And the median was 6.35.


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


Volkswagen AG E10 Historical Data

* Premium members only.

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.

Volkswagen AG E10 Chart

Volkswagen AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 102.78 98.78 110.00

Volkswagen AG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 100.18 102.35 110.00 113.28 113.47

WAR:VOW vs TSLA, GM, F: E10 Comparison

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 Shiller PE Ratio vs 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.


WAR:VOW
81GF Score
Volkswagen AG WAR:VOW
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=11.024/131.3638*131.3638
=11.024

Current CPI (Jun. 2026) = 131.3638.

Volkswagen AG Quarterly Data

per share eps CPI Adj_EPS
201609 19.046 101.017 24.768
201612 -4.653 101.217 -6.039
201703 26.346 101.417 34.126
201706 25.452 102.117 32.742
201709 8.777 102.717 11.225
201712 33.841 102.617 43.321
201803 29.498 102.917 37.651
201806 28.122 104.017 35.515
201809 23.204 104.718 29.108
201812 22.964 104.217 28.946
201903 24.413 104.217 30.772
201906 33.409 105.718 41.514
201909 31.122 106.018 38.562
201912 22.220 105.818 27.584
202003 3.222 105.718 4.004
202006 -13.596 106.618 -16.752
202009 22.762 105.818 28.257
202012 63.072 105.518 78.521
202103 28.702 107.518 35.068
202106 43.684 108.486 52.896
202109 24.231 109.435 29.087
202112 33.536 110.384 39.910
202203 53.887 113.968 62.112
202206 29.477 115.760 33.450
202209 14.471 118.818 15.999
202212 20.630 119.345 22.708
202303 33.497 122.402 35.949
202306 26.243 123.140 27.996
202309 30.957 124.195 32.744
202312 37.420 123.773 39.715
202403 26.369 125.038 27.703
202406 24.745 125.882 25.823
202409 9.874 126.198 10.278
202412 25.089 127.041 25.943
202503 14.669 127.779 15.081
202506 18.711 128.412 19.141
202509 -4.212 129.255 -4.281
202512 27.531 129.361 27.957
202603 11.019 131.258 11.028
202606 11.024 131.364 11.024

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

Frequently Asked Questions Learn more about E10 →
What does a E10 of zł113.47 mean?
Volkswagen AG (WAR:VOW) has a E10 of zł113.47 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Volkswagen AG and its competitors.
Is Volkswagen AG's E10 too high?
Volkswagen AG's current E10 is zł113.47. Overall, Volkswagen AG has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Volkswagen AG's E10 compare to TSLA and GM?
Volkswagen AG's E10 of zł113.47 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 E10 for a Vehicles & Parts company?
A good E10 depends on the Vehicles & Parts industry context. However, E10 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 E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Volkswagen AG and its competitors. Volkswagen AG's current E10 is zł113.47. 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 zł425.63, compared to a current price of zł328.90 — trading 22.7% below its estimated fair value. The current E10 is zł113.47. Volkswagen AG's overall GF Score™ is 81/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Volkswagen AG (WAR:VOW), the current E10 is zł113.47 as of Jun. 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 zł328.90 is trading 22.7% below its estimated GF Value™ of zł425.63. GuruFocus considers Volkswagen AG to be Modestly Undervalued.

Key valuation signals for WAR:VOW:

  • E10: zł113.47
  • GF Value™: zł425.63 vs. price of zł328.90 (22.7% below fair value)
  • GF Score™: 81/100 with 7 warning signs

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.
81GF Score

Get the complete analysis for WAR:VOW

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł328.90
Price
zł425.63
GF Value