VLKAF (Volkswagen AG) Intrinsic Value: Projected FCF: $364.40 (As of Sep. 06, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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
74 GF Score
Price $93.55
GF Value $113.37
Valuation Modestly Undervalued
! 9 Warning Signs
View Full Analysis

What is Volkswagen AG Intrinsic Value: Projected FCF?

Volkswagen AG VLKAF +1.71% 74 Intrinsic Value: Projected FCF is $364.40 as of Sep. 06, 2026. GuruFocus rates VLKAF with a GF Score™ of 74/100 and a GF Value™ of $113.37 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 941 Vehicles & Parts companies, Volkswagen AG ranks better than 92.77% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-06), Volkswagen AG's Intrinsic Value: Projected FCF is $364.40. The stock price of Volkswagen AG is $93.545. Therefore, Volkswagen AG's Price-to-Intrinsic-Value-Projected-FCF of today is 0.3.

The historical rank and industry rank for Volkswagen AG's Intrinsic Value: Projected FCF or its related term are showing as below:

VLKAF' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.22   Med: 1.37   Max: 27
Current: 0.26

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Volkswagen AG was 27.00. The lowest was 0.22. And the median was 1.37.

VLKAF's Price-to-Projected-FCF is ranked better than
92.77% of 941 companies
in the Vehicles & Parts industry
Industry Median: 0.96 vs VLKAF: 0.26

Volkswagen AG  (OTCPK:VLKAF) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Volkswagen AG's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=93.545/369.77640935754
=0.25

* 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 Intrinsic Value: Projected FCF Related Terms


Volkswagen AG Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Volkswagen AG's Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF Chart

Volkswagen AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 263.19 326.27 342.48 322.65 371.16

Volkswagen AG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF 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 384.87 391.43 371.16 379.33 370.42

VLKAF vs TSLA, GM, F: Intrinsic Value: Projected FCF Comparison

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

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

* The bar in red indicates where Volkswagen AG's Price-to-Projected-FCF falls into.


VLKAF
74GF Score
Volkswagen AG VLKAF
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Volkswagen AG Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Volkswagen AG's Free Cash Flow(6 year avg) = $1,146.82.

Volkswagen AG's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(10.770154119158*1146.81712+216269.585*0.8)/501.295
=369.78

* 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.

What does a Intrinsic Value: Projected FCF of $364.40 mean?
Volkswagen AG (VLKAF) has a Intrinsic Value: Projected FCF of $364.40 as of Sep. 06, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Volkswagen AG and its competitors. According to the industry distribution chart, Volkswagen AG ranks #68 out of 941 companies in the Vehicles & Parts industry, placing it in the top 7.2%.
Is Volkswagen AG's Intrinsic Value: Projected FCF too high?
Volkswagen AG's current Intrinsic Value: Projected FCF is $364.40. The Vehicles & Parts industry median Intrinsic Value: Projected FCF is 0.96. Volkswagen AG's value of $364.40 is 37858.3% above this industry median. Based on the distribution chart, Volkswagen AG ranks #68 out of 941 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 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Volkswagen AG's Intrinsic Value: Projected FCF compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Volkswagen AG ranks #68 out of 941 companies for Intrinsic Value: Projected FCF. This places Volkswagen AG in the top 7% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 0.96. Volkswagen AG's value of $364.40 is 37858.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Vehicles & Parts company?
The median Intrinsic Value: Projected FCF among Vehicles & Parts companies is 0.96, based on 941 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Volkswagen AG's current Intrinsic Value: Projected FCF of $364.40 is 37858.3% 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Volkswagen AG and its competitors. For the Vehicles & Parts industry, the median Intrinsic Value: Projected FCF is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Volkswagen AG's current Intrinsic Value: Projected FCF is $364.40. 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 $113.37, compared to a current price of $93.55 — trading 17.5% below its estimated fair value. The current Intrinsic Value: Projected FCF is $364.40 and 37858.3% above the Vehicles & Parts industry median of 0.96. Volkswagen AG's overall GF Score™ is 74/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Volkswagen AG (VLKAF), the current Intrinsic Value: Projected FCF is $364.40 as of Sep. 06, 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 $93.55 is trading 17.5% below its estimated GF Value™ of $113.37. GuruFocus considers Volkswagen AG to be Modestly Undervalued.

Key valuation signals for VLKAF:

  • Intrinsic Value: Projected FCF: $364.40
  • GF Value™: $113.37 vs. price of $93.55 (17.5% below fair value)
  • GF Score™: 74/100 with 9 warning signs
  • Industry Position: 37858.3% above the Vehicles & Parts median (#68 of 941)

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.
74GF Score

Get the complete analysis for VLKAF

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

$93.55
Price
$113.37
GF Value