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Munchener Ruckversicherungs-Gesellschaft AG (CHIX:MUV2D) Cyclically Adjusted PB Ratio : 2.31 (As of Jun. 23, 2025)


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What is Munchener Ruckversicherungs-Gesellschaft AG Cyclically Adjusted PB Ratio?

As of today (2025-06-23), Munchener Ruckversicherungs-Gesellschaft AG's current share price is €552.40. Munchener Ruckversicherungs-Gesellschaft AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €238.93. Munchener Ruckversicherungs-Gesellschaft AG's Cyclically Adjusted PB Ratio for today is 2.31.

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

CHIX:MUV2d' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.89   Med: 1.3   Max: 2.55
Current: 2.39

During the past years, Munchener Ruckversicherungs-Gesellschaft AG's highest Cyclically Adjusted PB Ratio was 2.55. The lowest was 0.89. And the median was 1.30.

CHIX:MUV2d's Cyclically Adjusted PB Ratio is ranked worse than
80.2% of 409 companies
in the Insurance industry
Industry Median: 1.25 vs CHIX:MUV2d: 2.39

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Munchener Ruckversicherungs-Gesellschaft AG's adjusted book value per share data for the three months ended in Mar. 2025 was €252.180. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €238.93 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Munchener Ruckversicherungs-Gesellschaft AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Munchener Ruckversicherungs-Gesellschaft AG's Cyclically Adjusted PB 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 Cyclically Adjusted PB Ratio Chart

Munchener Ruckversicherungs-Gesellschaft AG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.32 1.31 1.40 1.65 2.07

Munchener Ruckversicherungs-Gesellschaft AG Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB 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 1.97 2.01 2.12 2.07 2.46

Competitive Comparison of Munchener Ruckversicherungs-Gesellschaft AG's Cyclically Adjusted PB Ratio

For the Insurance - Reinsurance subindustry, Munchener Ruckversicherungs-Gesellschaft AG's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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 Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

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

* The bar in red indicates where Munchener Ruckversicherungs-Gesellschaft AG's Cyclically Adjusted PB Ratio falls into.


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Munchener Ruckversicherungs-Gesellschaft AG Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Munchener Ruckversicherungs-Gesellschaft AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=552.40/238.93
=2.31

* 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 Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Munchener Ruckversicherungs-Gesellschaft AG's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=252.18/127.7792*127.7792
=252.180

Current CPI (Mar. 2025) = 127.7792.

Munchener Ruckversicherungs-Gesellschaft AG Quarterly Data

Book Value per Share CPI Adj_Book
201506 182.970 100.417 232.827
201509 180.845 100.417 230.123
201512 188.392 99.717 241.410
201603 196.320 100.017 250.814
201606 197.754 100.717 250.890
201609 204.427 101.017 258.586
201612 200.858 101.217 253.569
201703 203.229 101.417 256.056
201706 194.147 102.117 242.937
201709 182.383 102.717 226.883
201712 185.192 102.617 230.602
201803 180.596 102.917 224.223
201806 179.275 104.017 220.229
201809 184.880 104.718 225.596
201812 180.861 104.217 221.751
201903 197.919 104.217 242.665
201906 204.316 105.718 246.954
201909 222.386 106.018 268.034
201912 215.317 105.818 260.004
202003 207.025 105.718 250.228
202006 211.743 106.618 253.770
202009 210.865 105.818 254.628
202012 213.378 105.518 258.395
202103 209.109 107.518 248.515
202106 212.871 108.486 250.729
202109 213.877 109.435 249.729
202112 220.052 110.384 254.731
202203 197.503 113.968 221.437
202206 167.301 115.760 184.671
202209 154.915 118.818 166.599
202212 196.835 119.345 210.746
202303 203.774 122.402 212.725
202306 200.554 123.140 208.109
202309 204.428 124.195 210.328
202312 220.282 123.773 227.412
202403 233.687 125.038 238.810
202406 229.713 125.882 233.176
202409 234.031 126.198 236.964
202412 248.398 127.041 249.841
202503 252.180 127.779 252.180

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

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  (CHIX:MUV2d) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Munchener Ruckversicherungs-Gesellschaft AG Cyclically Adjusted PB Ratio Related Terms

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Munchener Ruckversicherungs-Gesellschaft AG Business Description

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 independently of primaries. In those early days, most reinsurers typically focused on a few strong customers. Thieme focused on a broader set of cedents 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 Re introduced the first machinery insurance. After Thieme and Wilhelm von Fink founded Allianz, this was the main channel to sell insurance on machinery. We believe 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.

Munchener Ruckversicherungs-Gesellschaft AG Headlines

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