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MURGY (Munchener Ruckversicherungs-Gesellschaft AG) Cyclically Adjusted PB Ratio : 2.54 (As of May. 31, 2025)


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

As of today (2025-05-31), Munchener Ruckversicherungs-Gesellschaft AG's current share price is $12.98. Munchener Ruckversicherungs-Gesellschaft AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $5.12. Munchener Ruckversicherungs-Gesellschaft AG's Cyclically Adjusted PB Ratio for today is 2.54.

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

MURGY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.89   Med: 1.3   Max: 2.56
Current: 2.42

During the past years, Munchener Ruckversicherungs-Gesellschaft AG's highest Cyclically Adjusted PB Ratio was 2.56. The lowest was 0.89. And the median was 1.30.

MURGY's Cyclically Adjusted PB Ratio is ranked worse than
81.73% of 405 companies
in the Insurance industry
Industry Median: 1.22 vs MURGY: 2.42

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 $5.453. 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 $5.12 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 1.33 1.31 1.41 1.66 2.08

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 2.02 2.13 2.08 2.47

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
=12.98/5.12
=2.54

* 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)
=5.453/127.7792*127.7792
=5.453

Current CPI (Mar. 2025) = 127.7792.

Munchener Ruckversicherungs-Gesellschaft AG Quarterly Data

Book Value per Share CPI Adj_Book
201506 4.107 100.417 5.226
201509 4.059 100.417 5.165
201512 4.104 99.717 5.259
201603 4.310 100.017 5.506
201606 4.444 100.717 5.638
201609 4.487 101.017 5.676
201612 4.237 101.217 5.349
201703 4.347 101.417 5.477
201706 4.363 102.117 5.459
201709 4.263 102.717 5.303
201712 4.383 102.617 5.458
201803 4.454 102.917 5.530
201806 4.189 104.017 5.146
201809 4.222 104.718 5.152
201812 4.115 104.217 5.045
201903 4.473 104.217 5.484
201906 4.617 105.718 5.580
201909 4.814 106.018 5.802
201912 4.785 105.818 5.778
202003 4.575 105.718 5.530
202006 4.769 106.618 5.716
202009 4.967 105.818 5.998
202012 5.192 105.518 6.287
202103 4.979 107.518 5.917
202106 5.129 108.486 6.041
202109 5.032 109.435 5.876
202112 4.973 110.384 5.757
202203 4.350 113.968 4.877
202206 3.537 115.760 3.904
202209 3.021 118.818 3.249
202212 4.170 119.345 4.465
202303 4.363 122.402 4.555
202306 4.346 123.140 4.510
202309 4.314 124.195 4.439
202312 4.804 123.773 4.959
202403 5.024 125.038 5.134
202406 4.945 125.882 5.020
202409 5.195 126.198 5.260
202412 5.202 127.041 5.232
202503 5.453 127.779 5.453

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  (OTCPK:MURGY) 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.