Volkswagen AG Net Assets
Volkswagen AG net assets. Based on the latest financial reports, Volkswagen AG (VOW) has net assets worth €202.46 Billion EUR (≈ $236.70 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€669.35 Billion ≈ $782.54 Billion USD) and total liabilities (€466.89 Billion ≈ $545.84 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Volkswagen AG equity growth rate to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €202.46 Billion |
| % of Total Assets | 30.25% |
| Annual Growth Rate | 9.1% |
| 5-Year Change | 29.16% |
| 10-Year Change | 103.18% |
| Growth Volatility | 10.39 |
Net Assets of Volkswagen AG (2000–2025)
Net assets of Volkswagen AG from 2000 to 2025. This chart illustrates how Volkswagen AG's net assets have evolved over time, based on quarterly financial data. See VOW equity to assets ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Volkswagen AG (2000–2025)
The table below shows the annual net assets of Volkswagen AG from 2000 to 2025. For live market cap and overall valuation, see VOW market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €188.78 Billion ≈ $220.70 Billion |
-4.04% |
| 2024-12-31 | €196.73 Billion ≈ $230.00 Billion |
+3.59% |
| 2023-12-31 | €189.91 Billion ≈ $222.03 Billion |
+6.50% |
| 2022-12-31 | €178.33 Billion ≈ $208.48 Billion |
+22.01% |
| 2021-12-31 | €146.15 Billion ≈ $170.87 Billion |
+13.49% |
| 2020-12-31 | €128.78 Billion ≈ $150.56 Billion |
+4.15% |
| 2019-12-31 | €123.65 Billion ≈ $144.56 Billion |
+5.38% |
| 2018-12-31 | €117.34 Billion ≈ $137.19 Billion |
+7.58% |
| 2017-12-31 | €109.08 Billion ≈ $127.52 Billion |
+17.40% |
| 2016-12-31 | €92.91 Billion ≈ $108.62 Billion |
+5.26% |
| 2015-12-31 | €88.27 Billion ≈ $103.20 Billion |
-2.13% |
| 2014-12-31 | €90.19 Billion ≈ $105.44 Billion |
+0.17% |
| 2013-12-31 | €90.04 Billion ≈ $105.26 Billion |
+9.81% |
| 2012-12-31 | €82.00 Billion ≈ $95.86 Billion |
+29.07% |
| 2011-12-31 | €63.53 Billion ≈ $74.27 Billion |
+30.41% |
| 2010-12-31 | €48.71 Billion ≈ $56.95 Billion |
+30.14% |
| 2009-12-31 | €37.43 Billion ≈ $43.76 Billion |
+0.11% |
| 2008-12-31 | €37.39 Billion ≈ $43.71 Billion |
+17.06% |
| 2007-12-31 | €31.94 Billion ≈ $37.34 Billion |
+18.47% |
| 2006-12-31 | €26.96 Billion ≈ $31.52 Billion |
+14.01% |
| 2005-12-31 | €23.65 Billion ≈ $27.65 Billion |
+4.26% |
| 2004-12-31 | €22.68 Billion ≈ $26.52 Billion |
-4.95% |
| 2003-12-31 | €23.86 Billion ≈ $27.90 Billion |
-3.35% |
| 2002-12-31 | €24.69 Billion ≈ $28.87 Billion |
+2.67% |
| 2001-12-31 | €24.05 Billion ≈ $28.11 Billion |
+12.27% |
| 2000-12-31 | €21.42 Billion ≈ $25.04 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Volkswagen AG's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 6879.3% over the analyzed period, indicating profitable operations and earnings retention.
Volkswagen AG Net Assets Breakdown (December 2025)
Volkswagen AG net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €161.50 Billion | 92.82% |
| Common Stock | €1.28 Billion | 0.74% |
| Other Comprehensive Income | €-3.33 Billion | -1.92% |
| Other Components | €14.55 Billion | 8.36% |
| Total Equity | €174.00 Billion | 100.00% |
Volkswagen AG Competitors by Market Cap
The table below lists competitors of Volkswagen AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alfa Laval AB
ST:ALFA
|
$24.12 Billion |
|
Constellation Brands Inc Class A
NYSE:STZ
|
$24.12 Billion |
|
Nan Ya Printed Circuit Board Corp
TW:8046
|
$24.12 Billion |
|
Doosan Heavy Ind. & Const.
KO:034020
|
$24.13 Billion |
|
NOVOZYMES A/S SPONS.ADR 1
F:NZM
|
$24.08 Billion |
|
Coupang LLC
NYSE:CPNG
|
$24.07 Billion |
|
First Citizens BancShares, Inc.
NASDAQ:FCNCA
|
$24.04 Billion |
|
Repsol S.A
F:REPA
|
$23.97 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Volkswagen AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 182,294,000,000 to 174,002,000,000, a change of -8,292,000,000 (-4.5%).
- Net income of 7,323,000,000 contributed positively to equity growth.
- Dividend payments of 4,460,000,000 reduced retained earnings.
- Share repurchases of 420,000,000 reduced equity.
- Other comprehensive income decreased equity by 3,333,000,000.
- Other factors decreased equity by 7,402,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €7.32 Billion | +4.21% |
| Dividends Paid | €4.46 Billion | -2.56% |
| Share Repurchases | €420.00 Million | -0.24% |
| Other Comprehensive Income | €-3.33 Billion | -1.92% |
| Other Changes | €-7.40 Billion | -4.25% |
| Total Change | €- | -4.55% |
Book Value vs Market Value Analysis
This analysis compares Volkswagen AG's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.20x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.35x to 0.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | €51.77 | €69.80 | x |
| 2001-12-31 | €62.81 | €69.80 | x |
| 2002-12-31 | €64.27 | €69.80 | x |
| 2003-12-31 | €61.90 | €69.80 | x |
| 2004-12-31 | €58.97 | €69.80 | x |
| 2005-12-31 | €61.40 | €69.80 | x |
| 2006-12-31 | €69.03 | €69.80 | x |
| 2007-12-31 | €80.14 | €69.80 | x |
| 2008-12-31 | €87.59 | €69.80 | x |
| 2009-12-31 | €87.61 | €69.80 | x |
| 2010-12-31 | €102.19 | €69.80 | x |
| 2011-12-31 | €124.05 | €69.80 | x |
| 2012-12-31 | €166.12 | €69.80 | x |
| 2013-12-31 | €180.32 | €69.80 | x |
| 2014-12-31 | €181.21 | €69.80 | x |
| 2015-12-31 | €175.66 | €69.80 | x |
| 2016-12-31 | €184.90 | €69.80 | x |
| 2017-12-31 | €217.14 | €69.80 | x |
| 2018-12-31 | €233.63 | €69.80 | x |
| 2019-12-31 | €242.93 | €69.80 | x |
| 2020-12-31 | €253.44 | €69.80 | x |
| 2021-12-31 | €288.15 | €69.80 | x |
| 2022-12-31 | €329.90 | €69.80 | x |
| 2023-12-31 | €350.48 | €69.80 | x |
| 2024-12-31 | €363.65 | €69.80 | x |
| 2025-12-31 | €347.10 | €69.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Volkswagen AG utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.21%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.27%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 3.83x
- Recent ROE (4.21%) is below the historical average (10.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 12.23% | 3.14% | 0.90x | 4.33x | €476.90 Million |
| 2001 | 12.19% | 3.30% | 0.85x | 4.35x | €526.50 Million |
| 2002 | 10.54% | 2.99% | 0.80x | 4.42x | €133.60 Million |
| 2003 | 4.61% | 1.24% | 0.75x | 4.97x | €-1.28 Billion |
| 2004 | 2.99% | 0.76% | 0.70x | 5.64x | €-1.59 Billion |
| 2005 | 4.75% | 1.19% | 0.71x | 5.64x | €-1.24 Billion |
| 2006 | 10.22% | 2.62% | 0.77x | 5.08x | €58.60 Million |
| 2007 | 12.93% | 3.78% | 0.75x | 4.56x | €932.50 Million |
| 2008 | 13.58% | 4.18% | 0.68x | 4.80x | €1.25 Billion |
| 2009 | 2.72% | 0.91% | 0.59x | 5.02x | €-2.57 Billion |
| 2010 | 14.87% | 5.39% | 0.64x | 4.34x | €2.24 Billion |
| 2011 | 26.70% | 9.67% | 0.63x | 4.40x | €9.64 Billion |
| 2012 | 27.95% | 11.27% | 0.62x | 3.98x | €13.95 Billion |
| 2013 | 10.36% | 4.62% | 0.61x | 3.70x | €319.70 Million |
| 2014 | 12.21% | 5.43% | 0.58x | 3.90x | €1.98 Billion |
| 2015 | -1.56% | -0.64% | 0.56x | 4.34x | €-10.18 Billion |
| 2016 | 5.79% | 2.47% | 0.53x | 4.42x | €-3.90 Billion |
| 2017 | 10.68% | 5.07% | 0.54x | 3.88x | €743.10 Million |
| 2018 | 10.36% | 5.15% | 0.51x | 3.91x | €424.30 Million |
| 2019 | 11.40% | 5.50% | 0.52x | 4.01x | €1.71 Billion |
| 2020 | 6.98% | 3.98% | 0.45x | 3.91x | €-3.84 Billion |
| 2021 | 10.65% | 6.15% | 0.47x | 3.66x | €937.10 Million |
| 2022 | 9.35% | 5.54% | 0.49x | 3.41x | €-1.08 Billion |
| 2023 | 9.41% | 5.13% | 0.54x | 3.42x | €-1.04 Billion |
| 2024 | 6.23% | 3.50% | 0.51x | 3.47x | €-6.88 Billion |
| 2025 | 4.21% | 2.27% | 0.48x | 3.83x | €-10.08 Billion |
Industry Comparison
This section compares Volkswagen AG's net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $43,477,328,372
- Average return on equity (ROE) among peers: -1.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Volkswagen AG (VOW) | €202.46 Billion | 12.23% | 2.31x | $24.08 Billion |
| Guangzhou Automobile Group Co. Ltd (02G) | $82.45 Billion | 8.03% | 0.67x | $715.71 Million |
| Niu Technologies (0O9) | $1.31 Billion | -3.78% | 0.94x | $129.17 Million |
| BAIC Motor Corp Ltd (2B5) | $79.38 Billion | 3.82% | 1.13x | $209.53 Million |
| XPENG INC. CL.A DL-00001 (8XP) | $30.37 Billion | -3.75% | 2.40x | $7.58 Billion |
| XPENG INC. SP.ADS/2 CL.A (8XPA) | $31.27 Billion | -18.51% | 1.64x | $8.00 Billion |
| ASTON MART.LA.UADR LS-001 (A5S0) | $752.90 Million | -42.97% | 3.20x | $390.66 Million |
| Bayerische Motoren Werke Aktiengesellschaft (BMW) | $37.44 Billion | 15.49% | 3.14x | $38.27 Billion |
| Bayerische Motoren Werke Aktiengesellschaft (BMW3) | $37.44 Billion | 15.49% | 3.14x | $3.55 Billion |
| China Yuchai International Limited (CYD) | $9.43 Billion | 3.62% | 1.00x | $891.29 Million |
| Dongfeng Motor Group Company Limited (D4D) | $124.92 Billion | 10.39% | 0.81x | $3.00 Billion |
About Volkswagen AG
Volkswagen AG manufactures automobiles and commercial vehicles in Europe, Germany, North America, South America, the Asia-Pacific, and internationally. It operates through three segments: Passenger Cars and Light Commercial Vehicles; Commercial Vehicles; and Financial Services. The Passenger Cars and Light Commercial Vehicles segment develops vehicles, engines and motors, vehicle software, and ve… Read more