Munchener Ruckversicherungs-Gesellschaft AG (CHIX:MUV2D) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

CHIX:MUV2D Munchener Ruckversicherungs-Gesellschaft AG CHIX:MUV2D
68 GF Score
Price €505.70
GF Value €542.15
Valuation Fairly Valued
View Full Analysis

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

Shiller PE for Stocks: The True Measure of Stock Valuation


Munchener Ruckversicherungs-Gesellschaft AG  (CHIX:MUV2d) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Munchener Ruckversicherungs-Gesellschaft AG Cyclically Adjusted PS Ratio Related Terms


Munchener Ruckversicherungs-Gesellschaft AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Munchener Ruckversicherungs-Gesellschaft AG's Cyclically Adjusted PS 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.

Munchener Ruckversicherungs-Gesellschaft AG Cyclically Adjusted PS Ratio Chart

Munchener Ruckversicherungs-Gesellschaft AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.65 0.77 0.95 1.02

Munchener Ruckversicherungs-Gesellschaft AG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 1.08 1.06 1.03 0.99 0.88

CHIX:MUV2D vs RGA, EG, RNR: Cyclically Adjusted PS Ratio Comparison

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

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

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


CHIX:MUV2D
68GF Score
Munchener Ruckversicherungs-Gesellschaft AG CHIX:MUV2D
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Munchener Ruckversicherungs-Gesellschaft AG Cyclically Adjusted PS Ratio Calculation

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

Munchener Ruckversicherungs-Gesellschaft AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Munchener Ruckversicherungs-Gesellschaft AG's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=147.317/131.3638*131.3638
=147.317

Current CPI (Jun. 2026) = 131.3638.

Munchener Ruckversicherungs-Gesellschaft AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 86.275 101.017 112.193
201612 90.156 101.217 117.008
201703 88.778 101.417 114.993
201706 89.210 102.117 114.760
201709 88.238 102.717 112.847
201712 93.806 102.617 120.084
201803 87.700 102.917 111.941
201806 86.368 104.017 109.074
201809 89.207 104.718 111.907
201812 95.784 104.217 120.734
201903 110.071 104.217 138.742
201906 108.196 105.718 134.443
201909 115.293 106.018 142.857
201912 117.673 105.818 146.081
202003 99.159 105.718 123.214
202006 119.680 106.618 147.458
202009 117.389 105.818 145.729
202012 127.803 105.518 159.108
202103 118.745 107.518 145.081
202106 137.017 108.486 165.912
202109 127.067 109.435 152.529
202112 129.758 110.384 154.421
202203 112.513 113.968 129.687
202206 112.004 115.760 127.101
202209 120.543 118.818 133.271
202212 124.823 119.345 137.394
202303 118.773 122.402 127.469
202306 116.411 123.140 124.185
202309 119.390 124.195 126.282
202312 129.138 123.773 137.058
202403 129.129 125.038 135.662
202406 131.181 125.882 136.894
202409 133.066 126.198 138.513
202412 130.519 127.041 134.960
202503 135.653 127.779 139.458
202506 134.463 128.412 137.554
202509 137.795 129.255 140.043
202512 134.267 129.361 136.346
202603 133.712 131.258 133.819
202606 147.317 131.364 147.317

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 Munchener Ruckversicherungs-Gesellschaft AG (CHIX:MUV2D) Overvalued in 2026?

Based on GuruFocus' analysis, Munchener Ruckversicherungs-Gesellschaft AG stock appears to be undervalued. The current stock price of €505.70 is trading 6.7% below its estimated GF Value™ of €542.15. GuruFocus considers Munchener Ruckversicherungs-Gesellschaft AG to be Fairly Valued.

Key valuation signals for CHIX:MUV2D:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €542.15 vs. price of €505.70 (6.7% below fair value)
  • GF Score™: 68/100

No single metric tells the full story. See the CHIX:MUV2D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


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 independent 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 machinery insurance. 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.
68GF Score

Get the complete analysis for CHIX:MUV2D

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

€505.70
Price
€542.15
GF Value