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Munchener Ruckversicherungs-Gesellschaft AG E10

: $15.98 (As of Sep. 2019)
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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. 2019 was $6.795. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $15.98 for the trailing ten years ended in Sep. 2019.

As of today (2020-02-28), Munchener Ruckversicherungs-Gesellschaft AG's current stock price is $249.50. Munchener Ruckversicherungs-Gesellschaft AG's E10 for the quarter that ended in Sep. 2019 was $15.98. Munchener Ruckversicherungs-Gesellschaft AG's Shiller PE Ratio of today is 15.61.

During the past 13 years, the highest Shiller PE Ratio of Munchener Ruckversicherungs-Gesellschaft AG was 19.32. The lowest was 9.76. And the median was 14.15.


Munchener Ruckversicherungs-Gesellschaft AG E10 Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Munchener Ruckversicherungs-Gesellschaft AG Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 21.91 15.71

Munchener Ruckversicherungs-Gesellschaft AG Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
E10 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 Premium Member Only Premium Member Only Premium Member Only 17.09 15.71 15.52 16.40 15.98

Competitive Comparison
* 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.


Munchener Ruckversicherungs-Gesellschaft AG E10 Distribution

* The bar in red indicates where Munchener Ruckversicherungs-Gesellschaft AG's E10 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.

For example, Munchener Ruckversicherungs-Gesellschaft AG's adjusted earnings per share data for the three months ended in Sep. 2019 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2019 (Change)*Current CPI (Sep. 2019)
=6.79515418502/256.76*256.76
=6.795

Current CPI (Sep. 2019) = 256.76.

Munchener Ruckversicherungs-Gesellschaft AG Quarterly Data

per share eps CPI Adj_EPS
200912 5.729 215.950 6.811
201003 3.446 217.630 4.066
201006 4.645 217.970 5.472
201009 5.439 218.440 6.393
201012 3.425 219.180 4.012
201103 -7.405 223.470 -8.508
201106 5.965 225.720 6.786
201109 2.215 226.890 2.506
201112 4.600 225.670 5.234
201203 5.799 229.390 6.491
201206 -7.905 229.480 -8.844
201209 8.196 231.410 9.094
201212 3.455 229.600 3.864
201303 6.982 232.770 7.701
201306 3.879 233.500 4.265
201309 4.706 234.150 5.160
201312 9.082 233.050 10.006
201403 7.372 236.290 8.011
201406 5.965 238.340 6.426
201409 5.515 238.030 5.949
201412 5.302 234.810 5.798
201503 5.097 236.120 5.543
201506 7.205 238.640 7.752
201509 3.524 237.940 3.803
201512 4.847 236.530 5.262
201603 2.951 238.130 3.182
201606 6.798 241.020 7.242
201609 4.826 241.430 5.132
201612 3.301 241.430 3.511
201703 3.797 243.800 3.999
201706 5.292 244.960 5.547
201709 -11.168 246.820 -11.618
201712 4.071 246.520 4.240
201803 6.769 249.550 6.965
201806 5.654 251.990 5.761
201809 3.979 252.440 4.047
201812 2.014 251.230 2.058
201903 4.915 254.200 4.965
201906 7.774 256.140 7.793
201909 6.795 256.760 6.795

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
=249.50/15.98
=15.61

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

During the past 13 years, the highest Shiller P/E Ratio of Munchener Ruckversicherungs-Gesellschaft AG was 19.32. The lowest was 9.76. And the median was 14.15.


Be Aware

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


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