Hannover Rueck SE (XSWX:HNR1) Cyclically Adjusted PS Ratio: 1.24 (As of Aug. 26, 2026) — 19% Above Median

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XSWX:HNR1 Hannover Rueck SE XSWX:HNR1
74 GF Score
Price CHF236.20
GF Value CHF270.85
Valuation Modestly Undervalued
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What is Hannover Rueck SE Cyclically Adjusted PS Ratio?

Hannover Rueck SE XSWX:HNR1 74 Cyclically Adjusted PS Ratio is 1.24 as of Aug. 26, 2026, which is 19% above its 10-year median of 1.04. GuruFocus rates XSWX:HNR1 with a GF Score™ of 74/100 and a GF Value™ of CHF270.85 (Modestly Undervalued). Among 403 Insurance companies, Hannover Rueck SE ranks better than 51.61% on this metric.

As of today (2026-08-26), Hannover Rueck SE's current share price is CHF236.20. Hannover Rueck SE's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was CHF190.56. Hannover Rueck SE's Cyclically Adjusted PS Ratio for today is 1.24.

The historical rank and industry rank for Hannover Rueck SE's Cyclically Adjusted PS Ratio or its related term are showing as below:

XSWX:HNR1' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.79   Med: 1.04   Max: 1.41
Current: 1.18

During the past years, Hannover Rueck SE's highest Cyclically Adjusted PS Ratio was 1.41. The lowest was 0.79. And the median was 1.04.

XSWX:HNR1's Cyclically Adjusted PS Ratio is ranked better than
51.61% of 403 companies
in the Insurance industry
Industry Median: 1.25 vs XSWX:HNR1: 1.18

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.

Hannover Rueck SE's adjusted revenue per share data for the three months ended in Jun. 2026 was CHF48.298. 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 CHF190.56 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hannover Rueck SE  (XSWX:HNR1) 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.


Hannover Rueck SE Cyclically Adjusted PS Ratio Related Terms


Hannover Rueck SE Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hannover Rueck SE'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.

Hannover Rueck SE Cyclically Adjusted PS Ratio Chart

Hannover Rueck SE 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 1.04 1.03 1.14 1.20 1.29

Hannover Rueck SE 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 1.31 1.25 1.29 1.27 1.14

XSWX:HNR1 vs RGA, EG, RNR: Cyclically Adjusted PS Ratio Comparison

For the Insurance - Reinsurance subindustry, Hannover Rueck SE'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.


Hannover Rueck SE Cyclically Adjusted PS Ratio vs Insurance Industry

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

* The bar in red indicates where Hannover Rueck SE's Cyclically Adjusted PS Ratio falls into.


XSWX:HNR1
74GF Score
Hannover Rueck SE XSWX:HNR1
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hannover Rueck SE 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.

Hannover Rueck SE's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=236.20/190.56
=1.24

* 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.

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

For example, Hannover Rueck SE'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)
=48.298/131.3638*131.3638
=48.298

Current CPI (Jun. 2026) = 131.3638.

Hannover Rueck SE Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 36.353 101.017 47.274
201612 36.334 101.217 47.156
201703 36.826 101.417 47.700
201706 37.804 102.117 48.631
201709 42.034 102.717 53.757
201712 43.928 102.617 56.234
201803 42.707 102.917 54.511
201806 45.199 104.017 57.082
201809 45.490 104.718 57.065
201812 46.923 104.217 59.145
201903 46.926 104.217 59.149
201906 48.451 105.718 60.205
201909 49.755 106.018 61.650
201912 53.318 105.818 66.190
202003 48.991 105.718 60.876
202006 50.837 106.618 62.636
202009 51.293 105.818 63.676
202012 56.251 105.518 70.030
202103 56.347 107.518 68.844
202106 56.711 108.486 68.670
202109 59.677 109.435 71.635
202112 61.450 110.384 73.130
202203 61.916 113.968 71.367
202206 49.337 115.760 55.987
202209 57.200 118.818 63.240
202212 19.719 119.345 21.705
202303 49.542 122.402 53.169
202306 43.366 123.140 46.262
202309 48.134 124.195 50.913
202312 35.530 123.773 37.709
202403 54.084 125.038 56.820
202406 46.707 125.882 48.741
202409 44.420 126.198 46.238
202412 43.408 127.041 44.885
202503 49.203 127.779 50.583
202506 37.941 128.412 38.813
202509 44.949 129.255 45.682
202512 55.136 129.361 55.990
202603 50.709 131.258 50.750
202606 48.298 131.364 48.298

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 1.24 mean?
Hannover Rueck SE (XSWX:HNR1) has a Cyclically Adjusted PS Ratio of 1.24 as of Aug. 26, 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 Hannover Rueck SE and its competitors. This is 19% above median its historical median of 1.04. Over the past decade, Hannover Rueck SE's Cyclically Adjusted PS Ratio has ranged from 0.79 to 1.41. According to the industry distribution chart, Hannover Rueck SE ranks #195 out of 403 companies in the Insurance industry, placing it in the top 48.4%.
Is Hannover Rueck SE's Cyclically Adjusted PS Ratio too high?
Hannover Rueck SE's current Cyclically Adjusted PS Ratio of 1.24 is 19% above median its 10-year median of 1.04. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 1.41. The Insurance industry median Cyclically Adjusted PS Ratio is 1.25. Hannover Rueck SE's value of 1.24 is 0.8% below this industry median. Based on the distribution chart, Hannover Rueck SE ranks #195 out of 403 companies in the Insurance industry, which is above the industry midpoint. Overall, Hannover Rueck SE has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hannover Rueck SE's Cyclically Adjusted PS Ratio compare to RGA and EG?
According to the Insurance industry distribution chart, Hannover Rueck SE ranks #195 out of 403 companies for Cyclically Adjusted PS Ratio. This puts Hannover Rueck SE in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.25. Hannover Rueck SE's value of 1.24 is 0.8% below this benchmark. Historically, Hannover Rueck SE's own Cyclically Adjusted PS Ratio has ranged from 0.79 to 1.41 over the past decade. While the company's 10-year median is 1.04 vs. the industry median of 1.25, Hannover Rueck SE 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 1.25, based on 403 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. Hannover Rueck SE's current Cyclically Adjusted PS Ratio of 1.24 is 0.8% 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 Hannover Rueck SE and its competitors. For the Insurance industry, the median Cyclically Adjusted PS Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hannover Rueck SE's current Cyclically Adjusted PS Ratio is 1.24, which is 19% above median its own 10-year median of 1.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hannover Rueck SE stock overvalued right now?
Based on GuruFocus' analysis, Hannover Rueck SE (XSWX:HNR1) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF270.85, compared to a current price of CHF236.20 — trading 12.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.24, which is 19% above median its 10-year median of 1.04 and 0.8% below the Insurance industry median of 1.25. Hannover Rueck SE'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 Hannover Rueck SE (XSWX:HNR1), the current Cyclically Adjusted PS Ratio is 1.24 as of Aug. 26, 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 Hannover Rueck SE (XSWX:HNR1) Overvalued in 2026?

Based on GuruFocus' analysis, Hannover Rueck SE stock appears to be undervalued. The current stock price of CHF236.20 is trading 12.8% below its estimated GF Value™ of CHF270.85. GuruFocus considers Hannover Rueck SE to be Modestly Undervalued.

Key valuation signals for XSWX:HNR1:

  • Cyclically Adjusted PS Ratio: 1.24 (19% above median its 10-year median of 1.04)
  • GF Value™: CHF270.85 vs. price of CHF236.20 (12.8% below fair value)
  • GF Score™: 74/100
  • Industry Position: 0.8% below the Insurance median (#195 of 403)

No single metric tells the full story. See the XSWX:HNR1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hannover Rueck SE Business Description

Address Karl-Wiechert-Allee 50, Hannover, NI, DEU, 30625
Hannover Re is a reinsurance company headquartered in Hannover, Germany. Its roots go back to the 1920s when, in conjunction with the Gerling Group, Haftpflichtverband founded Eisen- und Stahl-Industrie to provide reinsurance services. In the 1960s ownership of the business was turned over to Haftpflichtverband, and Aktiengesellschaft für Transport und- Rückversicherung was founded. This was the basis of Hannover Re. The business expanded into life and health reinsurance in the 1990s, and over the next 30 years expanded beyond its core domestic market of Germany to write business internationally. Hannover sold its commercial specialty insurance business to Talanx in January 2019. Hannover was listed in the 1990s on the Frankfurt Stock Exchange.
74GF Score

Get the complete analysis for XSWX:HNR1

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

CHF236.20
Price
CHF270.85
GF Value