MURGY (Munchener Ruckversicherungs-Gesellschaft AG) Cyclically Adjusted PS Ratio: 1.09 (As of Sep. 05, 2026) — 63% Above Median

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.

MURGY Munchener Ruckversicherungs-Gesellschaft AG MURGY
74 GF Score
Price $12.22
GF Value $13.02
Valuation Fairly Valued
View Full Analysis

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

Munchener Ruckversicherungs-Gesellschaft AG MURGY -0.41% 74 Cyclically Adjusted PS Ratio is 1.09 as of Sep. 05, 2026, which is 63% above its 10-year median of 0.67. GuruFocus rates MURGY with a GF Score™ of 74/100 and a GF Value™ of $13.02 (Fairly Valued). Among 400 Insurance companies, Munchener Ruckversicherungs-Gesellschaft AG ranks better than 55.75% on this metric.

As of today (2026-09-05), Munchener Ruckversicherungs-Gesellschaft AG's current share price is $12.22. Munchener Ruckversicherungs-Gesellschaft AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $11.22. Munchener Ruckversicherungs-Gesellschaft AG's Cyclically Adjusted PS Ratio for today is 1.09.

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

MURGY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.43   Med: 0.67   Max: 1.29
Current: 1.08

During the past years, Munchener Ruckversicherungs-Gesellschaft AG's highest Cyclically Adjusted PS Ratio was 1.29. The lowest was 0.43. And the median was 0.67.

MURGY's Cyclically Adjusted PS Ratio is ranked better than
55.75% of 400 companies
in the Insurance industry
Industry Median: 1.27 vs MURGY: 1.08

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 Jun. 2026 was $3.253. 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 $11.22 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Munchener Ruckversicherungs-Gesellschaft AG  (OTCPK:MURGY) 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 0.66 0.71 0.84 1.05 1.18

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 1.17 1.14 1.18 1.11 1.00

MURGY 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.


MURGY
74GF Score
Munchener Ruckversicherungs-Gesellschaft AG MURGY
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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=12.22/11.22
=1.09

* 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 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)
=3.253/131.3638*131.3638
=3.253

Current CPI (Jun. 2026) = 131.3638.

Munchener Ruckversicherungs-Gesellschaft AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.936 101.017 2.518
201612 1.954 101.217 2.536
201703 1.939 101.417 2.512
201706 1.997 102.117 2.569
201709 2.079 102.717 2.659
201712 2.279 102.617 2.917
201803 2.086 102.917 2.663
201806 2.015 104.017 2.545
201809 2.070 104.718 2.597
201812 2.096 104.217 2.642
201903 2.155 104.217 2.716
201906 2.203 105.718 2.737
201909 2.208 106.018 2.736
201912 2.511 105.818 3.117
202003 2.061 105.718 2.561
202006 2.410 106.618 2.969
202009 2.419 105.818 3.003
202012 2.803 105.518 3.490
202103 2.479 107.518 3.029
202106 2.741 108.486 3.319
202109 2.656 109.435 3.188
202112 2.997 110.384 3.567
202203 2.118 113.968 2.441
202206 2.176 115.760 2.469
202209 2.331 118.818 2.577
202212 1.638 119.345 1.803
202303 2.431 122.402 2.609
202306 2.403 123.140 2.563
202309 2.575 124.195 2.724
202312 1.928 123.773 2.046
202403 2.791 125.038 2.932
202406 2.571 125.882 2.683
202409 2.806 126.198 2.921
202412 2.285 127.041 2.363
202503 2.705 127.779 2.781
202506 2.832 128.412 2.897
202509 2.989 129.255 3.038
202512 2.437 129.361 2.475
202603 2.949 131.258 2.951
202606 3.253 131.364 3.253

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.

What does a Cyclically Adjusted PS Ratio of 1.09 mean?
Munchener Ruckversicherungs-Gesellschaft AG (MURGY) has a Cyclically Adjusted PS Ratio of 1.09 as of Sep. 05, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Munchener Ruckversicherungs-Gesellschaft AG and its competitors. This is 63% above median its historical median of 0.67. Over the past decade, Munchener Ruckversicherungs-Gesellschaft AG's Cyclically Adjusted PS Ratio has ranged from 0.43 to 1.29. According to the industry distribution chart, Munchener Ruckversicherungs-Gesellschaft AG ranks #177 out of 400 companies in the Insurance industry, placing it in the top 44.2%.
Is Munchener Ruckversicherungs-Gesellschaft AG's Cyclically Adjusted PS Ratio too high?
Munchener Ruckversicherungs-Gesellschaft AG's current Cyclically Adjusted PS Ratio of 1.09 is 63% above median its 10-year median of 0.67. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 1.29. The Insurance industry median Cyclically Adjusted PS Ratio is 1.27. Munchener Ruckversicherungs-Gesellschaft AG's value of 1.09 is 14.2% below this industry median. Based on the distribution chart, Munchener Ruckversicherungs-Gesellschaft AG ranks #177 out of 400 companies in the Insurance industry, which is above the industry midpoint. Overall, Munchener Ruckversicherungs-Gesellschaft AG has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Munchener Ruckversicherungs-Gesellschaft AG's Cyclically Adjusted PS Ratio compare to RGA and EG?
According to the Insurance industry distribution chart, Munchener Ruckversicherungs-Gesellschaft AG ranks #177 out of 400 companies for Cyclically Adjusted PS Ratio. This puts Munchener Ruckversicherungs-Gesellschaft AG in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.27. Munchener Ruckversicherungs-Gesellschaft AG's value of 1.09 is 14.2% below this benchmark. Historically, Munchener Ruckversicherungs-Gesellschaft AG's own Cyclically Adjusted PS Ratio has ranged from 0.43 to 1.29 over the past decade. While the company's 10-year median is 0.67 vs. the industry median of 1.27, Munchener Ruckversicherungs-Gesellschaft AG has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Insurance company?
The median Cyclically Adjusted PS Ratio among Insurance companies is 1.27, based on 400 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Munchener Ruckversicherungs-Gesellschaft AG's current Cyclically Adjusted PS Ratio of 1.09 is 14.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Munchener Ruckversicherungs-Gesellschaft AG and its competitors. For the Insurance industry, the median Cyclically Adjusted PS Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Munchener Ruckversicherungs-Gesellschaft AG's current Cyclically Adjusted PS Ratio is 1.09, which is 63% above median its own 10-year median of 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munchener Ruckversicherungs-Gesellschaft AG stock overvalued right now?
Based on GuruFocus' analysis, Munchener Ruckversicherungs-Gesellschaft AG (MURGY) is currently considered Fairly Valued. The stock's GF Value™ is $13.02, compared to a current price of $12.22 — trading 6.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.09, which is 63% above median its 10-year median of 0.67 and 14.2% below the Insurance industry median of 1.27. Munchener Ruckversicherungs-Gesellschaft AG's overall GF Score™ is 74/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Munchener Ruckversicherungs-Gesellschaft AG (MURGY), the current Cyclically Adjusted PS Ratio is 1.09 as of Sep. 05, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Munchener Ruckversicherungs-Gesellschaft AG (MURGY) Overvalued in 2026?

Based on GuruFocus' analysis, Munchener Ruckversicherungs-Gesellschaft AG stock appears to be undervalued. The current stock price of $12.22 is trading 6.1% below its estimated GF Value™ of $13.02. GuruFocus considers Munchener Ruckversicherungs-Gesellschaft AG to be Fairly Valued.

Key valuation signals for MURGY:

  • Cyclically Adjusted PS Ratio: 1.09 (63% above median its 10-year median of 0.67)
  • GF Value™: $13.02 vs. price of $12.22 (6.1% below fair value)
  • GF Score™: 74/100
  • Industry Position: 14.2% below the Insurance median (#177 of 400)

No single metric tells the full story. See the MURGY 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.
74GF Score

Get the complete analysis for MURGY

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

$12.22
Price
$13.02
GF Value