RenaissanceRe Holdings (FRA:RRJ) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:RRJ RenaissanceRe Holdings Ltd FRA:RRJ
66 GF Score
Price €284.00
GF Value €235.89
Valuation Modestly Overvalued
! 6 Warning Signs
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What is RenaissanceRe Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


RenaissanceRe Holdings  (FRA:RRJ) 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.


RenaissanceRe Holdings Cyclically Adjusted PB Ratio Related Terms


RenaissanceRe Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for RenaissanceRe Holdings'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.

RenaissanceRe Holdings Cyclically Adjusted PB Ratio Chart

RenaissanceRe Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.09 1.09 0.98 1.16 1.04

RenaissanceRe Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.99 0.99 1.09 1.14 1.19

FRA:RRJ vs EG, RGA, HG: Cyclically Adjusted PB Ratio Comparison

For the Insurance - Reinsurance subindustry, RenaissanceRe Holdings'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.


RenaissanceRe Holdings Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, RenaissanceRe Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where RenaissanceRe Holdings's Cyclically Adjusted PB Ratio falls into.


FRA:RRJ
66GF Score
RenaissanceRe Holdings Ltd FRA:RRJ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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RenaissanceRe Holdings 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.

RenaissanceRe Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, RenaissanceRe Holdings's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=385.197/333.9520*333.9520
=385.197

Current CPI (Jun. 2026) = 333.9520.

RenaissanceRe Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 120.482 241.428 166.655
201612 129.877 241.432 179.648
201703 129.496 243.801 177.380
201706 126.182 244.955 172.026
201709 106.435 246.819 144.009
201712 110.025 246.524 149.045
201803 110.345 249.554 147.663
201806 121.327 251.989 160.790
201809 123.383 252.439 163.224
201812 133.614 251.233 177.607
201903 141.444 254.202 185.819
201906 158.580 256.143 206.752
201909 167.869 256.759 218.338
201912 169.357 256.974 220.089
202003 173.657 258.115 224.679
202006 178.895 257.797 231.742
202009 172.083 260.280 220.791
202012 167.664 260.474 214.961
202103 169.641 264.877 213.880
202106 181.709 271.696 223.346
202109 175.347 274.310 213.472
202112 186.542 278.802 223.442
202203 189.763 287.504 220.420
202206 203.627 296.311 229.494
202209 194.028 296.808 218.310
202212 195.265 296.797 219.710
202303 219.422 301.836 242.769
202306 220.794 305.109 241.666
202309 230.726 307.789 250.338
202312 254.359 306.746 276.919
202403 268.476 312.332 287.060
202406 280.593 314.175 298.256
202409 299.365 315.301 317.073
202412 323.345 315.605 342.142
202503 308.192 319.799 321.831
202506 307.396 322.561 318.251
202509 333.488 324.800 342.885
202512 357.554 324.054 368.475
202603 359.640 330.213 363.712
202606 385.197 333.952 385.197

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.

Is RenaissanceRe Holdings (FRA:RRJ) Overvalued in 2026?

Based on GuruFocus' analysis, RenaissanceRe Holdings stock appears to be overvalued. The current stock price of €284.00 is trading 20.4% above its estimated GF Value™ of €235.89. GuruFocus considers RenaissanceRe Holdings to be Modestly Overvalued.

Key valuation signals for FRA:RRJ:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €235.89 vs. price of €284.00 (20.4% above fair value)
  • GF Score™: 66/100 with 6 warning signs

No single metric tells the full story. See the FRA:RRJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


RenaissanceRe Holdings Business Description

Other Exchanges RNRpF.PFD:USARNR:USA
Address 12 Crow Lane, Renaissance House, Pembroke, BMU, HM 19
RenaissanceRe Holdings Ltd provides reinsurance and insurance solutions and related services. The company's core products include property, casualty and specialty reinsurance. Revenue is derived from three sources: net premiums earned from the insurance and insurance products sold; net investment income from the investment of capital funds and cash; and other income from the company's joint ventures, advisory services, and other items. The reportable segments of the company are the Property segment which includes catastrophe and other property reinsurance, and the Casualty and Specialty segment which is comprised of casualty and specialty reinsurance. It derives a majority of its revenue from the Casualty and specialty segment.
66GF Score

Get the complete analysis for FRA:RRJ

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€284.00
Price
€235.89
GF Value