Zurich Insurance Group AG (MIL:1ZURN) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:1ZURN Zurich Insurance Group AG MIL:1ZURN
53 GF Score
Price €640.80
GF Value €555.53
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Zurich Insurance Group AG Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Zurich Insurance Group AG  (MIL:1ZURN) 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.


Zurich Insurance Group AG Cyclically Adjusted PS Ratio Related Terms


Zurich Insurance Group AG Cyclically Adjusted PS Ratio Historical Data

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The historical data trend for Zurich Insurance Group 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.

Zurich Insurance Group AG Cyclically Adjusted PS Ratio Chart

Zurich Insurance Group 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 - - - - 1.53

Zurich Insurance Group AG Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 - - 1.48 1.54 1.48

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

For the Insurance - Diversified subindustry, Zurich Insurance Group 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.


Zurich Insurance Group AG Cyclically Adjusted PS Ratio vs Insurance Industry

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

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


MIL:1ZURN
53GF Score
Zurich Insurance Group AG MIL:1ZURN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zurich Insurance Group 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.

Zurich Insurance Group AG's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Zurich Insurance Group AG's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=539.699/107.2000*107.2000
=539.699

Current CPI (Dec25) = 107.2000.

Zurich Insurance Group AG Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 406.018 99.380 437.969
201712 376.469 100.213 402.717
201812 266.396 100.906 283.012
201912 427.845 101.063 453.825
202012 343.428 100.241 367.271
202112 392.326 101.776 413.236
202212 308.347 104.666 315.812
202312 494.286 106.461 497.716
202412 545.476 107.128 545.842
202512 539.699 107.200 539.699

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 Zurich Insurance Group AG (MIL:1ZURN) Overvalued in 2026?

Based on GuruFocus' analysis, Zurich Insurance Group AG stock appears to be overvalued. The current stock price of €640.80 is trading 15.3% above its estimated GF Value™ of €555.53. GuruFocus considers Zurich Insurance Group AG to be Modestly Overvalued.

Key valuation signals for MIL:1ZURN:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €555.53 vs. price of €640.80 (15.3% above fair value)
  • GF Score™: 53/100 with 3 warning signs

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


Zurich Insurance Group AG Business Description

Address Mythenquai 2, Corporate Center, Zurich, CHE, 8002
Zurich is a multiline insurer that writes business across both life and nonlife insurance and also owns Farmers Management Services. Zurich was founded in 1872 as a marine reinsurer to provide reinsurance to its parent company. The company subsequently expanded into transport and accident insurance and rode the wave of transport technology innovation that drove rising demand for insurance. One of Zurich's early principles was that setting prices too low would result in unfair claims handling, which would be damaging to both customers and Zurich. Over the years, Zurich has sought to combine customer goodwill through claims and a sufficient premium. Zurich is one of the most successful European multilines.
53GF Score

Get the complete analysis for MIL:1ZURN

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

€640.80
Price
€555.53
GF Value