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Munchener Ruckversicherungs-Gesellschaft AG (XTER:MUV2) Shiller PE Ratio : 20.95 (As of May. 12, 2024)


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What is Munchener Ruckversicherungs-Gesellschaft AG Shiller PE Ratio?

As of today (2024-05-12), Munchener Ruckversicherungs-Gesellschaft AG's current share price is €455.40. Munchener Ruckversicherungs-Gesellschaft AG's E10 for the quarter that ended in Dec. 2023 was €21.74. Munchener Ruckversicherungs-Gesellschaft AG's Shiller PE Ratio for today is 20.95.

The historical rank and industry rank for Munchener Ruckversicherungs-Gesellschaft AG's Shiller PE Ratio or its related term are showing as below:

XTER:MUV2' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.89   Med: 15.97   Max: 20.95
Current: 20.95

During the past years, Munchener Ruckversicherungs-Gesellschaft AG's highest Shiller PE Ratio was 20.95. The lowest was 9.89. And the median was 15.97.

XTER:MUV2's Shiller PE Ratio is ranked worse than
71.27% of 362 companies
in the Insurance industry
Industry Median: 13.245 vs XTER:MUV2: 20.95

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.

Munchener Ruckversicherungs-Gesellschaft AG's adjusted earnings per share data for the three months ended in Dec. 2023 was €7.511. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €21.74 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Munchener Ruckversicherungs-Gesellschaft AG Shiller PE Ratio Historical Data

The historical data trend for Munchener Ruckversicherungs-Gesellschaft AG's Shiller PE 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.

Munchener Ruckversicherungs-Gesellschaft AG Shiller PE Ratio Chart

Munchener Ruckversicherungs-Gesellschaft AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.78 18.20 16.67 15.25 17.26

Munchener Ruckversicherungs-Gesellschaft AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Shiller PE 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 15.25 15.58 16.13 16.85 17.26

Competitive Comparison of Munchener Ruckversicherungs-Gesellschaft AG's Shiller PE Ratio

For the Insurance - Reinsurance subindustry, Munchener Ruckversicherungs-Gesellschaft AG's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


Munchener Ruckversicherungs-Gesellschaft AG's Shiller PE Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Munchener Ruckversicherungs-Gesellschaft AG's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Munchener Ruckversicherungs-Gesellschaft AG's Shiller PE Ratio falls into.



Munchener Ruckversicherungs-Gesellschaft AG Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Munchener Ruckversicherungs-Gesellschaft AG's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=455.40/21.74
=20.95

* 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.

Munchener Ruckversicherungs-Gesellschaft AG's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, Munchener Ruckversicherungs-Gesellschaft AG's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=7.511/123.6675*123.6675
=7.511

Current CPI (Dec. 2023) = 123.6675.

Munchener Ruckversicherungs-Gesellschaft AG Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 5.330 99.543 6.622
201406 4.390 99.543 5.454
201409 4.280 99.823 5.302
201412 4.300 99.543 5.342
201503 4.710 99.717 5.841
201506 6.420 100.417 7.907
201509 3.140 100.417 3.867
201512 4.450 99.717 5.519
201603 2.650 100.017 3.277
201606 6.050 100.717 7.429
201609 4.300 101.017 5.264
201612 3.129 101.217 3.823
201703 3.550 101.417 4.329
201706 4.710 102.117 5.704
201709 -9.370 102.717 -11.281
201712 3.440 102.617 4.146
201803 5.490 102.917 6.597
201806 4.840 104.017 5.754
201809 3.410 104.718 4.027
201812 1.756 104.217 2.084
201903 4.350 104.217 5.162
201906 6.880 105.718 8.048
201909 6.170 106.018 7.197
201912 1.527 105.818 1.785
202003 1.570 105.718 1.837
202006 4.140 106.618 4.802
202009 1.440 105.818 1.683
202012 1.478 105.518 1.732
202103 4.240 107.518 4.877
202106 7.890 108.486 8.994
202109 2.610 109.435 2.949
202112 6.200 110.384 6.946
202203 10.530 113.968 11.426
202206 11.320 115.760 12.093
202209 7.940 118.818 8.264
202212 8.320 119.345 8.621
202303 9.290 122.402 9.386
202306 8.450 123.140 8.486
202309 8.610 124.195 8.573
202312 7.511 123.668 7.511

Add all the adjusted EPS together and divide 10 will get our E10.

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.


Munchener Ruckversicherungs-Gesellschaft AG  (XTER:MUV2) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Munchener Ruckversicherungs-Gesellschaft AG Shiller PE Ratio Related Terms

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Munchener Ruckversicherungs-Gesellschaft AG (XTER:MUV2) Business Description

Traded in Other Exchanges
Address
Koniginstrasse 107, Munich, BY, DEU, 80802
Munich Re was founded in 1880 by Carl Thieme amid a flurry of other reinsurance companies set up independent of primaries. In those early days, most reinsurers typically focussed on a few customers with strong reputations. Thieme focussed on a broader set of cedents in order to drive stronger growth in premiums. This coincided with a strategy of risk diversification and a preference to partner rather than take on a one-sided transfer of risk. In the 1890s, Munich introduced the first machinery insurance. After Thieme and Fink founded Allianz, this was the main channel to sell insurance on machinery. We think the approach of partnering with insurers and preferring to avoid one-sided risk, in conjunction with combining inspection and insurance services, remains at the heart of the firm.
Executives
Dr. Markus Rieß Board of Directors
Dr. Achim Kassow Board of Directors
Stefan Golling Board of Directors
Gerd Rolf Häusler Supervisory Board
Dr. Christoph Jurecka Board of Directors
Dr. Thomas Blunck Board of Directors
Dr. Torsten Jeworrek Board of Directors
Dr. Joachim Wenning Board of Directors

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