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MURGF (Munchener Ruckversicherungs-Gesellschaft AG) E10 : $26.59 (As of Sep. 2024)


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What is Munchener Ruckversicherungs-Gesellschaft AG E10?

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 Sep. 2024 was $7.791. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $26.59 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Munchener Ruckversicherungs-Gesellschaft AG's average E10 Growth Rate was 9.30% per year. During the past 3 years, the average E10 Growth Rate was 17.70% per year. During the past 5 years, the average E10 Growth Rate was 11.00% 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 -8.90% per year. And the median was 8.90% per year.

As of today (2025-03-05), Munchener Ruckversicherungs-Gesellschaft AG's current stock price is $592.614. Munchener Ruckversicherungs-Gesellschaft AG's E10 for the quarter that ended in Sep. 2024 was $26.59. Munchener Ruckversicherungs-Gesellschaft AG's Shiller PE Ratio of today is 22.29.

During the past 13 years, the highest Shiller PE Ratio of Munchener Ruckversicherungs-Gesellschaft AG was 23.93. The lowest was 9.89. And the median was 16.19.


Munchener Ruckversicherungs-Gesellschaft AG E10 Historical Data

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.

* Premium members only.

Munchener Ruckversicherungs-Gesellschaft AG E10 Chart

Munchener Ruckversicherungs-Gesellschaft AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.62 16.51 17.31 21.12 23.90

Munchener Ruckversicherungs-Gesellschaft AG Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 23.02 23.90 24.56 25.39 26.59

Competitive Comparison of Munchener Ruckversicherungs-Gesellschaft AG's E10

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's Shiller PE Ratio Distribution in the 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.



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 Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=7.791/126.1978*126.1978
=7.791

Current CPI (Sep. 2024) = 126.1978.

Munchener Ruckversicherungs-Gesellschaft AG Quarterly Data

per share eps CPI Adj_EPS
201412 5.302 99.543 6.722
201503 5.097 99.717 6.451
201506 7.205 100.417 9.055
201509 3.524 100.417 4.429
201512 4.847 99.717 6.134
201603 2.951 100.017 3.723
201606 6.798 100.717 8.518
201609 4.826 101.017 6.029
201612 3.301 101.217 4.116
201703 3.797 101.417 4.725
201706 5.292 102.117 6.540
201709 -11.168 102.717 -13.721
201712 4.071 102.617 5.006
201803 6.769 102.917 8.300
201806 5.654 104.017 6.860
201809 3.979 104.718 4.795
201812 1.998 104.217 2.419
201903 4.915 104.217 5.952
201906 7.774 105.718 9.280
201909 6.795 106.018 8.088
201912 1.697 105.818 2.024
202003 1.735 105.718 2.071
202006 4.662 106.618 5.518
202009 1.696 105.818 2.023
202012 1.797 105.518 2.149
202103 5.048 107.518 5.925
202106 9.506 108.486 11.058
202109 3.071 109.435 3.541
202112 7.006 110.384 8.010
202203 11.597 113.968 12.841
202206 11.966 115.760 13.045
202209 7.861 118.818 8.349
202212 8.814 119.345 9.320
202303 9.946 122.402 10.254
202306 9.155 123.140 9.382
202309 9.189 124.195 9.337
202312 8.191 123.773 8.351
202403 17.348 125.038 17.509
202406 13.089 125.882 13.122
202409 7.791 126.198 7.791

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


Munchener Ruckversicherungs-Gesellschaft AG  (OTCPK:MURGF) 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
=592.614/26.59
=22.29

* 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 23.93. The lowest was 9.89. And the median was 16.19.


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

Thank you for viewing the detailed overview of Munchener Ruckversicherungs-Gesellschaft AG's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Munchener Ruckversicherungs-Gesellschaft AG Business Description

Address
Koniginstrasse 107, Munich, BY, DEU, 80802
Munich Re was founded in 1880 by Carl von Thieme amid a flurry of other reinsurance companies set up independent of primaries. Then, most reinsurers typically focused on a few customers with strong reputations. Thieme focused on a broader set of cedents in order 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 introduced the first machinery insurance. After von Thieme and Wilhelm von Finck founded Allianz, this was the main channel to sell insurance on machinery. We think 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.
Executives
Michael Kerner Board of Directors