Munchener Ruckversicherungs-Gesellschaft AG (MEX:MUV2N) E10: MXN612.21 (As of Mar. 2026)


MEX:MUV2N Munchener Ruckversicherungs-Gesellschaft AG MEX:MUV2N
80 GF Score
Price MXN11,599.03
GF Value MXN13,591.02
! 1 Warning Sign
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What is Munchener Ruckversicherungs-Gesellschaft AG E10?

Munchener Ruckversicherungs-Gesellschaft AG MEX:MUV2N 80 E10 is MXN612.21 as of Mar. 2026. GuruFocus rates MEX:MUV2N with a GF Score™ of 80/100 and a GF Value™ of MXN13,591.02. The stock has 1 warning sign 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.

Munchener Ruckversicherungs-Gesellschaft AG's adjusted earnings per share data for the three months ended in Mar. 2026 was MXN279.559. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN612.21 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Munchener Ruckversicherungs-Gesellschaft AG's average E10 Growth Rate was 15.30% per year. During the past 3 years, the average E10 Growth Rate was 10.80% per year. During the past 5 years, the average E10 Growth Rate was 15.20% 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 Munchener Ruckversicherungs-Gesellschaft AG was 17.70% per year. The lowest was 1.00% per year. And the median was 11.65% per year.

As of today (2026-06-26), Munchener Ruckversicherungs-Gesellschaft AG's current stock price is MXN11599.03. Munchener Ruckversicherungs-Gesellschaft AG's E10 for the quarter that ended in Mar. 2026 was MXN612.21. Munchener Ruckversicherungs-Gesellschaft AG's Shiller PE Ratio of today is 18.95.

During the past 13 years, the highest Shiller PE Ratio of Munchener Ruckversicherungs-Gesellschaft AG was 24.41. The lowest was 11.20. And the median was 16.43.


Munchener Ruckversicherungs-Gesellschaft AG  (MEX:MUV2N) 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.

Munchener Ruckversicherungs-Gesellschaft AG's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=11599.03/612.21
=18.95

* 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 Munchener Ruckversicherungs-Gesellschaft AG was 24.41. The lowest was 11.20. And the median was 16.43.


Be Aware

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


Munchener Ruckversicherungs-Gesellschaft AG E10 Related Terms


Munchener Ruckversicherungs-Gesellschaft AG E10 Historical Data

* Premium members only.

The historical data trend for Munchener Ruckversicherungs-Gesellschaft 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.

Munchener Ruckversicherungs-Gesellschaft AG E10 Chart

Munchener Ruckversicherungs-Gesellschaft 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 354.79 387.91 343.25 542.25 558.70

Munchener Ruckversicherungs-Gesellschaft 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 475.96 571.11 608.30 558.70 612.21

MEX:MUV2N vs RGA, EG, RNR: E10 Comparison

For the Insurance - Reinsurance subindustry, Munchener Ruckversicherungs-Gesellschaft 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.


Munchener Ruckversicherungs-Gesellschaft AG Shiller PE Ratio vs Insurance Industry

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

* The bar in red indicates where Munchener Ruckversicherungs-Gesellschaft AG's Shiller PE Ratio falls into.


MEX:MUV2N
80GF Score
Munchener Ruckversicherungs-Gesellschaft AG MEX:MUV2N
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Munchener Ruckversicherungs-Gesellschaft 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, Munchener Ruckversicherungs-Gesellschaft 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)
=279.559/131.2583*131.2583
=279.559

Current CPI (Mar. 2026) = 131.2583.

Munchener Ruckversicherungs-Gesellschaft AG Quarterly Data

per share eps CPI Adj_EPS
201606 125.714 100.717 163.836
201609 93.314 101.017 121.250
201612 68.056 101.217 88.255
201703 71.490 101.417 92.526
201706 95.661 102.117 122.960
201709 -202.678 102.717 -258.995
201712 79.953 102.617 102.268
201803 122.984 102.917 156.851
201806 111.102 104.017 140.198
201809 74.427 104.718 93.291
201812 39.222 104.217 49.399
201903 95.346 104.217 120.085
201906 149.330 105.718 185.407
201909 134.150 106.018 166.088
201912 31.998 105.818 39.691
202003 40.678 105.718 50.506
202006 107.612 106.618 132.482
202009 37.469 105.818 46.477
202012 35.755 105.518 44.477
202103 103.178 107.518 125.960
202106 189.227 108.486 228.948
202109 63.137 109.435 75.728
202112 143.714 110.384 170.892
202203 230.906 113.968 265.937
202206 240.735 115.760 272.964
202209 158.132 118.818 174.689
202212 171.829 119.345 188.982
202303 179.285 122.402 192.256
202306 156.951 123.140 167.298
202309 160.061 124.195 169.165
202312 139.036 123.773 147.444
202403 284.481 125.038 298.633
202406 236.446 125.882 246.545
202409 149.699 126.198 155.702
202412 179.485 127.041 185.443
202503 184.456 127.779 189.478
202506 346.179 128.412 353.853
202509 333.296 129.255 338.461
202512 155.705 129.361 157.989
202603 279.559 131.258 279.559

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 MXN612.21 mean?
Munchener Ruckversicherungs-Gesellschaft AG (MEX:MUV2N) has a E10 of MXN612.21 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Munchener Ruckversicherungs-Gesellschaft AG and its competitors.
Is Munchener Ruckversicherungs-Gesellschaft AG's E10 too high?
Munchener Ruckversicherungs-Gesellschaft AG's current E10 is MXN612.21. Overall, Munchener Ruckversicherungs-Gesellschaft AG has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Munchener Ruckversicherungs-Gesellschaft AG's E10 compare to RGA and EG?
Munchener Ruckversicherungs-Gesellschaft AG's E10 of MXN612.21 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 Munchener Ruckversicherungs-Gesellschaft AG and its competitors. Munchener Ruckversicherungs-Gesellschaft AG's current E10 is MXN612.21. 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?
Munchener Ruckversicherungs-Gesellschaft AG (MEX:MUV2N) has a current E10 of MXN612.21. The stock's GF Value™ is MXN13,591.02, compared to a current price of MXN11,599.03 — trading 14.7% below its estimated fair value. The current E10 is MXN612.21. Munchener Ruckversicherungs-Gesellschaft AG's overall GF Score™ is 80/100 with 1 warning sign 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 Munchener Ruckversicherungs-Gesellschaft AG (MEX:MUV2N), the current E10 is MXN612.21 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 Munchener Ruckversicherungs-Gesellschaft AG (MEX:MUV2N) Overvalued in 2026?

Based on GuruFocus' analysis, Munchener Ruckversicherungs-Gesellschaft AG stock appears to be undervalued. The current stock price of MXN11,599.03 is trading 14.7% below its estimated GF Value™ of MXN13,591.02.

Key valuation signals for MEX:MUV2N:

  • E10: MXN612.21
  • GF Value™: MXN13,591.02 vs. price of MXN11,599.03 (14.7% below fair value)
  • GF Score™: 80/100 with 1 warning sign

No single metric tells the full story. See the MEX:MUV2N 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.
80GF Score

Get the complete analysis for MEX:MUV2N

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

MXN11,599.03
Price
MXN13,591.02
GF Value