Volkswagen AG
XBER:VOW

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Volkswagen AG
XBER:VOW
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Price: 92.25 EUR -0.27%
Market Cap: €94.4B

EV/EBITDA

1.8
Current
7%
Cheaper
vs 3-y average of 1.9

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
1.8
=
Enterprise Value
€95.3B
/
EBITDA
€51.8B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
1.8
=
Enterprise Value
€95.3B
/
EBITDA
€51.8B

Valuation Scenarios

Volkswagen AG is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (1.9), the stock would be worth €99.24 (8% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+400%
Average Upside
147%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 1.8 €92.25
0%
3-Year Average 1.9 €99.24
+8%
5-Year Average 2.3 €119.45
+29%
Industry Average 4.5 €229.9
+149%
Country Average 9 €461.64
+400%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
€95.3B
/
Jan 2026
€51.8B
=
1.8
Current
€95.3B
/
Dec 2026
€45.8B
=
2.1
Forward
€95.3B
/
Dec 2027
€49.7B
=
1.9
Forward
€95.3B
/
Dec 2028
€54.8B
=
1.7
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
DE
Volkswagen AG
XBER:VOW
45.5B EUR 1.8 6.7
US
Tesla Inc
NASDAQ:TSLA
1.4T USD 117.8 363.1
JP
Toyota Motor Corp
TSE:7203
40T JPY 7.3 10.8
CN
BYD Co Ltd
SZSE:002594
911.5B CNY 28.4 28.4
KR
Hyundai Motor Co
KRX:005380
139.7T KRW 15.2 14.3
DE
Mercedes Benz Group AG
MIL:MBG
75.3B EUR 4.5 4.9
DE
Daimler AG
XETRA:DAI
67.5B EUR 4 3.7
US
General Motors Co
NYSE:GM
71B USD 8.1 22.3
IT
Ferrari NV
MIL:RACE
59.3B EUR 21.1 36.1
DE
Bayerische Motoren Werke AG
XETRA:BMW
49.2B EUR 5.4 6.6
US
Ford Motor Co
NYSE:F
52.5B USD 17.8 -6.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
DE
Volkswagen AG
XBER:VOW
Average EV/EBITDA: 21
1.8
2%
0.9
US
Tesla Inc
NASDAQ:TSLA
117.8
33%
3.6
JP
Toyota Motor Corp
TSE:7203
7.3
1%
7.3
CN
BYD Co Ltd
SZSE:002594
28.4
69%
0.4
KR
Hyundai Motor Co
KRX:005380
15.2
10%
1.5
DE
Mercedes Benz Group AG
MIL:MBG
4.5
4%
1.1
DE
Daimler AG
XETRA:DAI
4
N/A N/A
US
General Motors Co
NYSE:GM
8.1
13%
0.6
IT
Ferrari NV
MIL:RACE
21.1
8%
2.6
DE
Bayerische Motoren Werke AG
XETRA:BMW
5.4
8%
0.7
US
Ford Motor Co
NYSE:F
17.8
29%
0.6
P/E Multiple
Earnings Growth PEG
DE
Volkswagen AG
XBER:VOW
Average P/E: 49.7
6.7
45%
0.1
US
Tesla Inc
NASDAQ:TSLA
363.1
49%
7.4
JP
Toyota Motor Corp
TSE:7203
10.8
0%
N/A
CN
BYD Co Ltd
SZSE:002594
28.4
27%
1.1
KR
Hyundai Motor Co
KRX:005380
14.3
14%
1
DE
Mercedes Benz Group AG
MIL:MBG
4.9
0%
N/A
DE
Daimler AG
XETRA:DAI
3.7
N/A N/A
US
General Motors Co
NYSE:GM
22.3
62%
0.4
IT
Ferrari NV
MIL:RACE
36.1
12%
3
DE
Bayerische Motoren Werke AG
XETRA:BMW
6.6
5%
1.3
US
Ford Motor Co
NYSE:F
Negative Multiple: -6.4 N/A N/A

Market Distribution

Lower than 91% of companies in Germany
Percentile
9th
Based on 2 491 companies
9th percentile
3.1
Low
0.1 — 6.2
Typical Range
6.2 — 13.6
High
13.6 —
Distribution Statistics
Germany
Min 0.1
30th Percentile 6.2
Median 9
70th Percentile 13.6
Max 6 112.6

Volkswagen AG
Glance View

In the heart of the German automotive industry, Volkswagen AG stands as a colossus, embodying both tradition and innovation. Born in the wake of the 1930s as a people's car manufacturer, Volkswagen's journey is one of evolution and adaptation. The company runs on a multi-brand strategy, with marquee names like Audi, Porsche, SEAT, and Škoda under its umbrella. This diverse portfolio plays a significant role in Volkswagen's strategy, as it allows the company to serve varied customer needs, from luxury aficionados to budget-minded consumers. At the core of its operations, Volkswagen focuses on design, production, and distribution of a broad range of vehicles, aligning them with trends in sustainability and technology. With significant investments in electric vehicles and autonomous driving, Volkswagen aims to redefine mobility and assert its leadership in a rapidly changing automotive landscape. Financially, Volkswagen AG's substantial revenue streams flow from the sale of vehicles, complemented by financial services and a strong presence in the automotive aftermarket. The company leverages economies of scale by producing millions of vehicles annually across its global production facilities, which helps maintain competitive pricing while preserving quality. These sales are bolstered by its comprehensive financing packages and leasing options, reinforcing customer loyalty and expanding its customer base. Moreover, Volkswagen's venture into new mobility services and technology solutions, such as car-sharing and ride-hailing, further diversifies its income sources. Balancing tradition with futuristic endeavors, Volkswagen continues to sustain its robust financial performance while steering towards a more electrified and sustainable future.

VOW Intrinsic Value
273.02 EUR
Undervaluation 66%
Intrinsic Value
Price €92.25
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