Munchener Ruckversicherungs-Gesellschaft AG (XSWX:MUV2) E10: CHF25.71 (As of Mar. 2026)

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XSWX:MUV2 Munchener Ruckversicherungs-Gesellschaft AG XSWX:MUV2
79 GF Score
Price CHF478.50
GF Value CHF538.33
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Munchener Ruckversicherungs-Gesellschaft AG E10?

Munchener Ruckversicherungs-Gesellschaft AG XSWX:MUV2 79 E10 is CHF25.71 as of Mar. 2026. GuruFocus rates XSWX:MUV2 with a GF Score™ of 79/100 and a GF Value™ of CHF538.33 (Modestly Undervalued). 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 CHF12.205. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is CHF25.71 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 (2026-07-22), Munchener Ruckversicherungs-Gesellschaft AG's current stock price is CHF478.50. Munchener Ruckversicherungs-Gesellschaft AG's E10 for the quarter that ended in Mar. 2026 was CHF25.71. Munchener Ruckversicherungs-Gesellschaft AG's Shiller PE Ratio of today is 18.61.

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 16.46.


Munchener Ruckversicherungs-Gesellschaft AG  (XSWX:MUV2) 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
=478.50/25.71
=18.61

* 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 16.46.


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 15.98 17.50 0.00 0.00 25.28

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 11.32 12.41 13.22 25.28 25.71

XSWX:MUV2 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.


XSWX:MUV2
79GF Score
Munchener Ruckversicherungs-Gesellschaft AG XSWX:MUV2
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)
=12.205/131.2583*131.2583
=12.205

Current CPI (Mar. 2026) = 131.2583.

Munchener Ruckversicherungs-Gesellschaft AG Quarterly Data

per share eps CPI Adj_EPS
201606 6.590 100.717 8.588
201609 4.697 101.017 6.103
201612 3.365 101.217 4.364
201703 3.802 101.417 4.921
201706 5.123 102.117 6.585
201709 -10.749 102.717 -13.736
201712 4.018 102.617 5.139
201803 6.417 102.917 8.184
201806 5.598 104.017 7.064
201809 3.853 104.718 4.830
201812 1.981 104.217 2.495
201903 4.918 104.217 6.194
201906 7.681 105.718 9.537
201909 6.731 106.018 8.334
201912 1.667 105.818 2.068
202003 1.664 105.718 2.066
202006 4.435 106.618 5.460
202009 1.552 105.818 1.925
202012 1.597 105.518 1.987
202103 4.693 107.518 5.729
202106 8.630 108.486 10.442
202109 2.834 109.435 3.399
202112 6.452 110.384 7.672
202203 10.778 113.968 12.413
202206 11.610 115.760 13.164
202209 7.651 118.818 8.452
202212 8.211 119.345 9.031
202303 9.205 122.402 9.871
202306 8.243 123.140 8.786
202309 8.266 124.195 8.736
202312 7.084 123.773 7.512
202403 15.232 125.038 15.990
202406 11.536 125.882 12.029
202409 6.441 126.198 6.699
202412 7.673 127.041 7.928
202503 7.967 127.779 8.184
202506 14.951 128.412 15.282
202509 14.464 129.255 14.688
202512 6.891 129.361 6.992
202603 12.205 131.258 12.205

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 CHF25.71 mean?
Munchener Ruckversicherungs-Gesellschaft AG (XSWX:MUV2) has a E10 of CHF25.71 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 CHF25.71. Overall, Munchener Ruckversicherungs-Gesellschaft AG has a GF Score™ of 79/100 and is considered Modestly Undervalued, 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 CHF25.71 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 CHF25.71. 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?
Based on GuruFocus' analysis, Munchener Ruckversicherungs-Gesellschaft AG (XSWX:MUV2) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF538.33, compared to a current price of CHF478.50 — trading 11.1% below its estimated fair value. The current E10 is CHF25.71. Munchener Ruckversicherungs-Gesellschaft AG's overall GF Score™ is 79/100 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 (XSWX:MUV2), the current E10 is CHF25.71 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 (XSWX:MUV2) Overvalued in 2026?

Based on GuruFocus' analysis, Munchener Ruckversicherungs-Gesellschaft AG stock appears to be undervalued. The current stock price of CHF478.50 is trading 11.1% below its estimated GF Value™ of CHF538.33. GuruFocus considers Munchener Ruckversicherungs-Gesellschaft AG to be Modestly Undervalued.

Key valuation signals for XSWX:MUV2:

  • E10: CHF25.71
  • GF Value™: CHF538.33 vs. price of CHF478.50 (11.1% below fair value)
  • GF Score™: 79/100 with 1 warning sign

No single metric tells the full story. See the XSWX:MUV2 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.
79GF Score

Get the complete analysis for XSWX:MUV2

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

CHF478.50
Price
CHF538.33
GF Value