Talanx AG (CHIX:TLXD) E10: €5.36 (As of Mar. 2026)


CHIX:TLXD Talanx AG CHIX:TLXD
77 GF Score
Price €103.70
GF Value €102.55
Valuation Fairly Valued
! 2 Warning Signs
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What is Talanx AG E10?

Talanx AG CHIX:TLXD 77 E10 is €5.36 as of Mar. 2026. GuruFocus rates CHIX:TLXD with a GF Score™ of 77/100 and a GF Value™ of €102.55 (Fairly Valued). The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Talanx AG's adjusted earnings per share data for the three months ended in Mar. 2026 was €2.997. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €5.36 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Talanx AG's average E10 Growth Rate was 17.30% per year. During the past 3 years, the average E10 Growth Rate was 12.80% per year. During the past 5 years, the average E10 Growth Rate was 10.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Talanx AG was 12.80% per year. The lowest was 8.30% per year. And the median was 9.80% per year.

As of today (2026-06-27), Talanx AG's current stock price is €103.70. Talanx AG's E10 for the quarter that ended in Mar. 2026 was €5.36. Talanx AG's Shiller PE Ratio of today is 19.35.

During the past 13 years, the highest Shiller PE Ratio of Talanx AG was 25.39. The lowest was 8.32. And the median was 13.27.


Talanx AG  (CHIX:TLXd) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Talanx AG's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=103.70/5.36
=19.35

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Talanx AG was 25.39. The lowest was 8.32. And the median was 13.27.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Talanx AG E10 Related Terms


Talanx AG E10 Historical Data

* Premium members only.

The historical data trend for Talanx AG's E10 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 E10 Chart

Talanx AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.34 3.56 4.00 4.60 4.87

Talanx AG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 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 4.60 4.91 4.92 4.87 5.36

CHIX:TLXD vs BRK.A, AIG, HIG: E10 Comparison

For the Insurance - Diversified subindustry, Talanx AG's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Insurance Industry

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

* The bar in red indicates where Talanx AG's Shiller PE Ratio falls into.


CHIX:TLXD
77GF Score
Talanx AG CHIX:TLXD
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Talanx AG E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, Talanx AG's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2.997/131.2583*131.2583
=2.997

Current CPI (Mar. 2026) = 131.2583.

Talanx AG Quarterly Data

per share eps CPI Adj_EPS
201606 0.710 100.717 0.925
201609 0.920 101.017 1.195
201612 1.060 101.217 1.375
201703 0.940 101.417 1.217
201706 0.890 102.117 1.144
201709 -0.080 102.717 -0.102
201712 0.900 102.617 1.151
201803 0.860 102.917 1.097
201806 0.870 104.017 1.098
201809 0.200 104.718 0.251
201812 0.850 104.217 1.071
201903 0.930 104.217 1.171
201906 0.960 105.718 1.192
201909 1.050 106.018 1.300
201912 0.720 105.818 0.893
202003 0.880 105.718 1.093
202006 0.410 106.618 0.505
202009 0.770 105.818 0.955
202012 0.500 105.518 0.622
202103 1.100 107.518 1.343
202106 1.060 108.486 1.283
202109 0.700 109.435 0.840
202112 1.140 110.384 1.356
202203 1.270 113.968 1.463
202206 1.440 115.760 1.633
202209 0.950 118.818 1.049
202212 -0.870 119.345 -0.957
202303 1.670 122.402 1.791
202306 1.590 123.140 1.695
202309 1.780 124.195 1.881
202312 1.160 123.773 1.230
202403 2.230 125.038 2.341
202406 1.990 125.882 2.075
202409 1.944 126.198 2.022
202412 1.485 127.041 1.534
202503 2.339 127.779 2.403
202506 2.978 128.412 3.044
202509 2.286 129.255 2.321
202512 1.994 129.361 2.023
202603 2.997 131.258 2.997

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of €5.36 mean?
Talanx AG (CHIX:TLXD) has a E10 of €5.36 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Talanx AG and its competitors.
Is Talanx AG's E10 too high?
Talanx AG's current E10 is €5.36. Overall, Talanx AG has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Talanx AG's E10 compare to BRK.A and AIG?
Talanx AG's E10 of €5.36 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for an Insurance company?
A good E10 depends on the Insurance industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Talanx AG and its competitors. Talanx AG's current E10 is €5.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Talanx AG stock overvalued right now?
Based on GuruFocus' analysis, Talanx AG (CHIX:TLXD) is currently considered Fairly Valued. The stock's GF Value™ is €102.55, compared to a current price of €103.70 — trading 1.1% above its estimated fair value. The current E10 is €5.36. Talanx AG's overall GF Score™ is 77/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Talanx AG (CHIX:TLXD), the current E10 is €5.36 as of Mar. 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 Talanx AG (CHIX:TLXD) Overvalued in 2026?

Based on GuruFocus' analysis, Talanx AG stock appears to be overvalued. The current stock price of €103.70 is trading 1.1% above its estimated GF Value™ of €102.55. GuruFocus considers Talanx AG to be Fairly Valued.

Key valuation signals for CHIX:TLXD:

  • E10: €5.36
  • GF Value™: €102.55 vs. price of €103.70 (1.1% above fair value)
  • GF Score™: 77/100 with 2 warning signs

No single metric tells the full story. See the CHIX:TLXD 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.
77GF Score

Get the complete analysis for CHIX:TLXD

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€103.70
Price
€102.55
GF Value