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Munchener Ruckversicherungs-Gesellschaft AG (FRA:MUV2) Cyclically Adjusted PS Ratio : 1.00 (As of May. 16, 2024)


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

As of today (2024-05-16), Munchener Ruckversicherungs-Gesellschaft AG's current share price is €444.90. Munchener Ruckversicherungs-Gesellschaft AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €446.77. Munchener Ruckversicherungs-Gesellschaft AG's Cyclically Adjusted PS Ratio for today is 1.00.

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

FRA:MUV2' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.44   Med: 0.64   Max: 1.02
Current: 1

During the past years, Munchener Ruckversicherungs-Gesellschaft AG's highest Cyclically Adjusted PS Ratio was 1.02. The lowest was 0.44. And the median was 0.64.

FRA:MUV2's Cyclically Adjusted PS Ratio is ranked better than
50.62% of 405 companies
in the Insurance industry
Industry Median: 1.01 vs FRA:MUV2: 1.00

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Munchener Ruckversicherungs-Gesellschaft AG's adjusted revenue per share data for the three months ended in Dec. 2023 was €108.986. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €446.77 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Munchener Ruckversicherungs-Gesellschaft AG Cyclically Adjusted PS Ratio Historical Data

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.

* Premium members only.

Munchener Ruckversicherungs-Gesellschaft AG Cyclically Adjusted PS Ratio Chart

Munchener Ruckversicherungs-Gesellschaft AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.74 0.67 0.67 0.72 0.84

Munchener Ruckversicherungs-Gesellschaft AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.72 0.74 0.78 0.83 0.84

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

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's Cyclically Adjusted PS Ratio Distribution in the 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.



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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=444.90/446.77
=1.00

* 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 Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Munchener Ruckversicherungs-Gesellschaft AG's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=108.986/123.7729*123.7729
=108.986

Current CPI (Dec. 2023) = 123.7729.

Munchener Ruckversicherungs-Gesellschaft AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 79.561 99.543 98.927
201406 82.431 99.543 102.496
201409 78.534 99.823 97.377
201412 84.009 99.543 104.458
201503 85.013 99.717 105.522
201506 86.838 100.417 107.036
201509 79.496 100.417 97.986
201512 84.818 99.717 105.280
201603 78.311 100.017 96.912
201606 91.089 100.717 111.941
201609 86.251 101.017 105.681
201612 89.684 101.217 109.670
201703 90.666 101.417 110.652
201706 88.164 102.117 106.861
201709 87.229 102.717 105.110
201712 93.350 102.617 112.595
201803 84.590 102.917 101.732
201806 85.411 104.017 101.633
201809 86.776 104.718 102.567
201812 89.228 104.217 105.971
201903 96.044 104.217 114.066
201906 96.770 105.718 113.297
201909 103.564 106.018 120.908
201912 104.686 105.818 122.449
202003 95.848 105.718 112.218
202006 106.132 106.618 123.209
202009 103.808 105.818 121.422
202012 112.135 105.518 131.535
202103 106.007 107.518 122.034
202106 112.620 108.486 128.490
202109 117.157 109.435 132.507
202112 120.122 110.384 134.693
202203 99.003 113.968 107.520
202206 102.922 115.760 110.046
202209 111.541 118.818 116.193
202212 103.364 119.345 107.199
202303 114.635 122.402 115.919
202306 106.112 123.140 106.657
202309 112.984 124.195 112.600
202312 108.986 123.773 108.986

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.


Munchener Ruckversicherungs-Gesellschaft AG  (FRA:MUV2) 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

Thank you for viewing the detailed overview of Munchener Ruckversicherungs-Gesellschaft AG's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Munchener Ruckversicherungs-Gesellschaft AG (FRA:MUV2) 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 focussed on a few customers with strong reputations. Thieme focussed on a broader set of cedents in order 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 introduced the first machinery insurance. After Thieme and Fink founded Allianz, this was the main channel to sell insurance on machinery. We think 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 (FRA:MUV2) Headlines

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