Talanx AG (MIL:1TLX) Cyclically Adjusted PS Ratio: (As of Sep. 20, 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.
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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.

MIL:1TLX Talanx AG MIL:1TLX
53 GF Score
Price €118.80
GF Value €106.87
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Talanx AG Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Talanx AG  (MIL:1TLX) 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.


Talanx AG Cyclically Adjusted PS Ratio Related Terms


Talanx AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Talanx 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.

Talanx AG Cyclically Adjusted PS Ratio Chart

Talanx 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 - - - - 0.59

Talanx 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 0.59 0.60 0.59 0.56 0.56

MIL:1TLX vs BRK.A, AIG, HIG: Cyclically Adjusted PS Ratio Comparison

For the Insurance - Diversified subindustry, Talanx 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.


Talanx AG Cyclically Adjusted PS Ratio vs Insurance Industry

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

* The bar in red indicates where Talanx AG's Cyclically Adjusted PS Ratio falls into.


MIL:1TLX
53GF Score
Talanx AG MIL:1TLX
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Talanx 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.

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

For example, Talanx 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)
=59.447/131.3638*131.3638
=59.447

Current CPI (Jun. 2026) = 131.3638.

Talanx AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 30.534 101.017 39.707
201612 31.780 101.217 41.245
201703 32.168 101.417 41.667
201706 32.904 102.117 42.328
201709 33.015 102.717 42.223
201712 35.099 102.617 44.931
201803 33.430 102.917 42.670
201806 34.969 104.017 44.162
201809 34.510 104.718 43.291
201812 36.432 104.217 45.922
201903 36.757 104.217 46.331
201906 37.987 105.718 47.202
201909 38.335 106.018 47.500
201912 40.902 105.818 50.776
202003 39.708 105.718 49.341
202006 37.243 106.618 45.887
202009 40.143 105.818 49.834
202012 41.337 105.518 51.462
202103 43.236 107.518 52.825
202106 42.777 108.486 51.798
202109 43.379 109.435 52.072
202112 46.527 110.384 55.370
202203 47.357 113.968 54.585
202206 28.913 115.760 32.810
202209 44.271 118.818 48.946
202212 40.351 119.345 44.415
202303 45.963 122.402 49.328
202306 45.384 123.140 48.415
202309 47.520 124.195 50.263
202312 47.431 123.773 50.340
202403 53.480 125.038 56.186
202406 51.272 125.882 53.505
202409 52.438 126.198 54.585
202412 51.663 127.041 53.421
202503 51.629 127.779 53.077
202506 56.698 128.412 58.001
202509 51.935 129.255 52.782
202512 54.355 129.361 55.197
202603 51.059 131.258 51.100
202606 59.447 131.364 59.447

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 Talanx AG (MIL:1TLX) Overvalued in 2026?

Based on GuruFocus' analysis, Talanx AG stock appears to be overvalued. The current stock price of €118.80 is trading 11.2% above its estimated GF Value™ of €106.87. GuruFocus considers Talanx AG to be Modestly Overvalued.

Key valuation signals for MIL:1TLX:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €106.87 vs. price of €118.80 (11.2% above fair value)
  • GF Score™: 53/100 with 4 warning signs

No single metric tells the full story. See the MIL:1TLX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Talanx AG Business Description

Address HDI-Platz 1, Hannover, NI, DEU, 30659
Talanx is the third largest insurer in Germany. It sells insurance to businesses, individuals, and reinsures other insurers. The origins of Talanx go back to the early 1900s and the founding of two mutuals in Germany, HDI and FSV, that were set up to provide liability insurance to the German iron and steel industry, and fire insurance to the German mining industry as a result of a growing dissatisfaction with providers of insurance. These two mutuals merged to form Halfplichtverband der Deutschen Industrie, or HDI, in 1970. Over the years companies outside of metals and mining have joined the mutual. HDI started providing reinsurance services in the mid-1920s, and individual insurance in the 1950s. HDI owns just over three-quarters of the Talanx share capital.
53GF Score

Get the complete analysis for MIL:1TLX

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

€118.80
Price
€106.87
GF Value