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Munchener Ruckversicherungs-Gesellschaft AG  (OTCPK:MURGF) Shiller PE Ratio: 16.09 (As of Today)

As of today, Munchener Ruckversicherungs-Gesellschaft AG's current share price is $250.25. Munchener Ruckversicherungs-Gesellschaft AG's E10 for the quarter that ended in Mar. 2019 was $15.55. Munchener Ruckversicherungs-Gesellschaft AG's Shiller P/E Ratio for today is 16.09.

OTCPK:MURGF' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.82   Max: 16.05
Current: 15.97

9.82
16.05

During the past years, Munchener Ruckversicherungs-Gesellschaft AG's highest Shiller P/E Ratio was 16.05. The lowest was 9.82. And the median was 12.63.

OTCPK:MURGF's Shiller PE Ratio is ranked lower than
99.99% of the 24 Companies
in the Global industry.

( Industry Median: 16.70 vs. OTCPK:MURGF: 15.97 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E 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 Mar. 2019 was $4.915. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $15.55 for the trailing ten years ended in Mar. 2019.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Munchener Ruckversicherungs-Gesellschaft AG Annual Data

Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 10.00 14.05

Munchener Ruckversicherungs-Gesellschaft AG Quarterly Data

Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
Shiller PE Ratio 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 Premium Member Only Premium Member Only Premium Member Only 10.80 11.14 13.20 14.05 15.07

Competitive Comparison
* 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.


Munchener Ruckversicherungs-Gesellschaft AG Distribution

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



Calculation

For the Shiller P/E, 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 P/E is also called PE10.

The Shiller P/E 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 P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=250.25/15.55
=16.09

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Munchener Ruckversicherungs-Gesellschaft AG's E10 for the fiscal year that ended in Dec18 is calculated as:

For example, Munchener Ruckversicherungs-Gesellschaft AG's adjusted earnings per share data for the three months ended in Mar. 2019 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2019 (Change)*Current CPI (Mar. 2019)
=4.91525423729/254.202*254.202
=4.915

Current CPI (Mar. 2019) = 254.202.

Munchener Ruckversicherungs-Gesellschaft AG Quarterly Data

per_share_eps CPI Adj_EPS
200906 4.916 215.693 5.794
200909 4.796 215.969 5.645
200912 5.729 215.949 6.744
201003 3.446 217.631 4.026
201006 4.645 217.965 5.418
201009 5.439 218.439 6.330
201012 3.425 219.179 3.972
201103 -7.405 223.467 -8.424
201106 5.965 225.722 6.718
201109 2.215 226.889 2.481
201112 4.600 225.672 5.182
201203 5.799 229.392 6.426
201206 -7.905 229.478 -8.756
201209 8.196 231.407 9.003
201212 3.455 229.601 3.826
201303 6.982 232.773 7.625
201306 3.879 233.504 4.222
201309 4.706 234.149 5.109
201312 9.082 233.049 9.907
201403 7.372 236.293 7.931
201406 5.965 238.343 6.362
201409 5.515 238.031 5.890
201412 5.302 234.812 5.740
201503 5.097 236.119 5.488
201506 7.205 238.638 7.675
201509 3.524 237.945 3.765
201512 4.847 236.525 5.210
201603 2.951 238.132 3.150
201606 6.798 241.018 7.170
201609 4.826 241.428 5.081
201612 3.301 241.432 3.475
201703 3.797 243.801 3.959
201706 5.292 244.955 5.492
201709 -11.168 246.819 -11.502
201712 4.071 246.524 4.198
201803 6.769 249.554 6.896
201806 5.654 251.989 5.704
201809 3.979 252.439 4.007
201812 2.014 251.233 2.037
201903 4.915 254.202 4.915

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


Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E 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 P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E 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, the Shiller P/E and P/S ratio will give false valuations.


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