GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Volkswagen AG (OTCPK:VWAGY) » Definitions » Cyclically Adjusted PB Ratio

Volkswagen AG (Volkswagen AG) Cyclically Adjusted PB Ratio : 0.40 (As of May. 31, 2024)


View and export this data going back to . Start your Free Trial

What is Volkswagen AG Cyclically Adjusted PB Ratio?

As of today (2024-05-31), Volkswagen AG's current share price is $14.17. Volkswagen AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $35.16. Volkswagen AG's Cyclically Adjusted PB Ratio for today is 0.40.

The historical rank and industry rank for Volkswagen AG's Cyclically Adjusted PB Ratio or its related term are showing as below:

VWAGY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.36   Med: 0.85   Max: 1.18
Current: 0.4

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

VWAGY's Cyclically Adjusted PB Ratio is ranked better than
86.21% of 972 companies
in the Vehicles & Parts industry
Industry Median: 1.31 vs VWAGY: 0.40

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 adjusted book value per share data for the three months ended in Mar. 2024 was $39.023. 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 $35.16 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Volkswagen AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Volkswagen AG's Cyclically Adjusted PB Ratio 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 PB Ratio Chart

Volkswagen AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.95 0.76 0.79 0.46 0.40

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 PB Ratio 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 0.47 0.46 0.40 0.40 0.43

Competitive Comparison of Volkswagen AG's Cyclically Adjusted PB Ratio

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 PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.17/35.16
=0.40

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

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)
=39.023/125.0381*125.0381
=39.023

Current CPI (Mar. 2024) = 125.0381.

Volkswagen AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 25.568 99.543 32.117
201409 24.598 99.823 30.812
201412 23.325 99.543 29.299
201503 20.262 99.717 25.407
201506 22.637 100.417 28.187
201509 22.036 100.417 27.439
201512 19.136 99.717 23.995
201603 19.849 100.017 24.815
201606 19.875 100.717 24.674
201609 20.292 101.017 25.117
201612 19.504 101.217 24.094
201703 20.657 101.417 25.468
201706 23.366 102.117 28.611
201709 25.113 102.717 30.570
201712 25.697 102.617 31.312
201803 27.173 102.917 33.014
201806 26.478 104.017 31.829
201809 26.606 104.718 31.769
201812 26.579 104.217 31.889
201903 26.377 104.217 31.647
201906 26.346 105.718 31.161
201909 25.870 106.018 30.511
201912 26.993 105.818 31.896
202003 27.348 105.718 32.346
202006 27.524 106.618 32.279
202009 28.375 105.818 33.529
202012 30.832 105.518 36.536
202103 31.521 107.518 36.657
202106 33.226 108.486 38.295
202109 32.841 109.435 37.524
202112 32.560 110.384 36.883
202203 29.305 113.968 32.151
202206 34.648 115.760 37.425
202209 34.854 118.818 36.679
202212 34.947 119.345 36.614
202303 36.066 122.402 36.843
202306 36.133 123.140 36.690
202309 37.225 124.195 37.478
202312 38.220 123.773 38.611
202403 39.023 125.038 39.023

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


Volkswagen AG  (OTCPK:VWAGY) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Volkswagen AG Cyclically Adjusted PB Ratio Related Terms

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


Volkswagen AG (Volkswagen AG) 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%.

Volkswagen AG (Volkswagen AG) Headlines

From GuruFocus

Who Will Be the Apple and Android of EVs?

By Margaret Moran 09-15-2022