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Volkswagen AG VOW3.DE

DE · Deutsche Börse Xetra · XETR · stock · Consumer Cyclical · website

Volkswagen AG statistics & valuation

Market cap€36.6B
P / E5.0×
P / S0.1×
P / B0.2×
Net margin2.3%
FCF margin-2.9%
Net debt€157.6B
Enterprise value USD$199.2B
Earnings yield EBIT/EV5.6%
Return on capital2.6%
Graham number +616.4%€522.52

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€522.52); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.50% 5.10% 3.50% 2.30% 2022202320242025
Gross margin (%)
18.70% 18.90% 18.30% 15.90% 2022202320242025
Operating margin (%)
6.60% 8.00% 6.70% 3.40% 2022202320242025
Return on equity (%)
9.30% 9.40% 6.20% 3.90% 2022202320242025
Shares outstanding
206.2M 206.2M 206.2M 206.2M 2022202320242025
Net debt (€)
€149.26B €150.52B €156.22B €157.56B 2022202320242025
Share buybacks (€)
2022202320242025
Return on assets (%)
2.70% 2.80% 1.80% 1.10% 2022202320242025
Free cash flow margin (%)
2.10% -2.00% -3.20% -2.90% 2022202320242025
Debt / equity (×)
1.08× 1.11× 1.08× 1.04× 2022202320242025
EPS (€)
€29.66 €31.79 €21.36 €13.29 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Volkswagen AG trades at about 5.5× earnings — above its 10-year norm (10-year range 3.8×–7.7×, median 4.6×).

3.8× 7.7×

Shaded band = 10-year range (3.8×–7.7×); dot = today's 5.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin15.9%18.3%18.9%18.7%
Operating margin3.4%6.7%8.0%6.6%
Net margin2.3%3.5%5.1%5.5%
FCF margin-2.9%-3.2%-2.0%2.1%
Return on assets1.1%1.8%2.8%2.7%
Return on equity3.9%6.2%9.4%9.3%
Debt / equity0.67×0.70×0.65×0.69×
Current ratio1.091.131.161.23

Computed from company filings · DE · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.