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Volkswagen AG (BUD:VOLKSWAGEN) Cyclically Adjusted Book per Share : Ft104,942.00 (As of Mar. 2024)


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What is Volkswagen AG Cyclically Adjusted Book per Share?

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 Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Volkswagen AG's adjusted book value per share for the three months ended in Mar. 2024 was Ft139,591.743. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is Ft104,942.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Volkswagen AG's average Cyclically Adjusted Book Growth Rate was 5.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.60% 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 Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Volkswagen AG was 11.50% per year. The lowest was 8.00% per year. And the median was 9.75% per year.

As of today (2024-05-14), Volkswagen AG's current stock price is Ft45970.00. Volkswagen AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Ft104,942.00. Volkswagen AG's Cyclically Adjusted PB Ratio of today is 0.44.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Volkswagen AG was 1.18. The lowest was 0.36. And the median was 0.85.


Volkswagen AG Cyclically Adjusted Book per Share Historical Data

The historical data trend for Volkswagen AG's Cyclically Adjusted Book 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.

* Premium members only.

Volkswagen AG Cyclically Adjusted Book per Share Chart

Volkswagen AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 83,672.00 102,773.00 101,586.00

Volkswagen AG Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book 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 99,164.10 99,183.70 107,745.00 101,586.00 104,942.00

Competitive Comparison of Volkswagen AG's Cyclically Adjusted Book per Share

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

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

* The bar in red indicates where Volkswagen AG's Cyclically Adjusted PB Ratio falls into.



Volkswagen AG Cyclically Adjusted Book 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 Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

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

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value 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 Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book 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 Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=139591.743/123.6675*123.6675
=139,591.743

Current CPI (Mar. 2024) = 123.6675.

Volkswagen AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 91,462.578 99.543 113,629.224
201409 87,993.166 99.823 109,012.446
201412 83,437.253 99.543 103,658.901
201503 72,481.257 99.717 89,890.508
201506 80,978.694 100.417 99,728.757
201509 78,826.688 100.417 97,078.468
201512 68,451.954 99.717 84,893.408
201603 71,004.768 100.017 87,795.160
201606 71,098.599 100.717 87,300.093
201609 72,586.943 101.017 88,862.900
201612 69,770.159 101.217 85,245.657
201703 73,893.767 101.417 90,105.864
201706 83,584.852 102.117 101,224.377
201709 89,833.468 102.717 108,156.095
201712 91,921.603 102.617 110,777.978
201803 97,203.346 102.917 116,801.611
201806 94,716.807 104.017 112,610.025
201809 95,175.827 104.718 112,399.137
201812 95,078.193 104.217 112,822.642
201903 94,354.575 104.217 111,963.975
201906 94,243.303 105.718 110,244.970
201909 92,542.169 106.018 107,948.566
201912 96,557.693 105.818 112,845.580
202003 97,829.888 105.718 114,440.525
202006 98,457.186 106.618 114,201.888
202009 101,502.340 105.818 118,624.318
202012 110,293.339 105.518 129,264.706
202103 112,756.850 107.518 129,693.360
202106 118,857.742 108.486 135,490.910
202109 117,478.199 109.435 132,757.116
202112 116,471.890 110.384 130,488.592
202203 104,828.751 113.968 113,750.335
202206 123,941.693 115.760 132,407.622
202209 124,680.032 118.818 129,769.006
202212 125,011.608 119.345 129,539.453
202303 129,015.717 122.402 130,349.169
202306 129,256.757 123.140 129,810.038
202309 133,160.648 124.195 132,595.495
202312 136,721.699 123.668 136,721.699
202403 139,591.743 123.668 139,591.743

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Volkswagen AG  (BUD:VOLKSWAGEN) Cyclically Adjusted Book per Share Explanation

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

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB 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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Volkswagen AG's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=45970.00/104942
=0.44

* 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 PB Ratio of Volkswagen AG was 1.18. The lowest was 0.36. And the median was 0.85.


Be Aware

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


Volkswagen AG Cyclically Adjusted Book per Share Related Terms

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


Volkswagen AG (BUD:VOLKSWAGEN) Business Description

Address
Berliner Ring 2, Wolfsburg, NI, DEU, 38440
Volkswagen is one of the world's largest automotive manufacturers. Automotive brands include Volkswagen passenger cars, Audi, Bentley, Lamborghini, Porsche, SEAT, and Skoda. Commercial vehicle brands include MAN, Navistar, Scania, and Volkswagen. The company's financial services group provides dealer financing to support floor plans, consumer financing for vehicle purchases, vehicle leasing, banking, and other financial services. In 2022, Europe was Volkswagen's largest light vehicle market at 41% of total volume, followed by China at 37%, and rest of world at 22%.

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