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Volkswagen AG (BUD:VOLKSWAGEN) Cyclically Adjusted Book per Share : Ft106,065.00 (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 Ft143,103.642. 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 Ft106,065.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Volkswagen AG's average Cyclically Adjusted Book Growth Rate was 6.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.70% 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 11.60% per year. The lowest was 8.00% per year. And the median was 9.75% per year.

As of today (2024-06-10), Volkswagen AG's current stock price is Ft43870.00. Volkswagen AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was Ft106,065.00. Volkswagen AG's Cyclically Adjusted PB Ratio of today is 0.41.

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 - - 83,672.00 102,773.00 101,670.00

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 99,183.70 107,745.00 101,670.00 106,065.00

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)
=143103.642/125.0381*125.0381
=143,103.642

Current CPI (Mar. 2024) = 125.0381.

Volkswagen AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 93,763.626 99.543 117,778.977
201409 90,206.930 99.823 112,993.595
201412 85,536.397 99.543 107,444.537
201503 74,304.766 99.717 93,173.321
201506 83,015.985 100.417 103,370.864
201509 80,809.839 100.417 100,623.788
201512 70,174.093 99.717 87,993.727
201603 72,791.132 100.017 91,001.451
201606 72,887.323 100.717 90,488.304
201609 74,413.111 101.017 92,108.184
201612 71,525.462 101.217 88,358.840
201703 75,752.813 101.417 93,396.542
201706 85,687.710 102.117 104,921.105
201709 92,093.531 102.717 112,105.970
201712 94,234.199 102.617 114,823.603
201803 99,648.823 102.917 121,067.222
201806 97,099.727 104.017 116,722.558
201809 97,570.295 104.718 116,503.968
201812 97,470.204 104.217 116,942.940
201903 96,728.382 104.217 116,052.915
201906 96,614.311 105.718 114,271.133
201909 94,870.378 106.018 111,890.862
201912 98,986.926 105.818 116,966.716
202003 100,291.128 105.718 118,619.909
202006 100,934.208 106.618 118,372.557
202009 104,055.973 105.818 122,956.495
202012 113,068.139 105.518 133,985.470
202103 115,593.627 107.518 134,429.779
202106 121,848.008 108.486 140,439.057
202109 120,433.758 109.435 137,605.424
202112 119,402.132 110.384 135,254.053
202203 107,466.070 113.968 117,904.512
202206 127,059.863 115.760 137,243.167
202209 127,816.777 118.818 134,508.188
202212 128,156.695 119.345 134,270.251
202303 132,261.541 122.402 135,109.539
202306 132,508.645 123.140 134,550.718
202309 136,510.751 124.195 137,437.899
202312 140,161.393 123.773 141,594.115
202403 143,103.642 125.038 143,103.642

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
=43870.00/106065
=0.41

* 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%.

Volkswagen AG (BUD:VOLKSWAGEN) Headlines

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