Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Nuernberger Beteiligungs AG (HAM:NBG6) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Nuernberger Beteiligungs AG's EV-to-EBIT for today is
Nuernberger Beteiligungs AG's current Enterprise Value is €853 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Nuernberger Beteiligungs AG's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €0 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Nuernberger Beteiligungs AG's EV-to-EBITDA for today is:
Nuernberger Beteiligungs AG's current Enterprise Value is €853 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Nuernberger Beteiligungs AG's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €0 Mil.
Nuernberger Beteiligungs AG's current Enterprise Value is €853 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Nuernberger Beteiligungs AG's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was €4,879 Mil.
Nuernberger Beteiligungs AG's current Enterprise Value is €853 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Nuernberger Beteiligungs AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €1 Mil.
Nuernberger Beteiligungs AG's current Enterprise Value is €853 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Nuernberger Beteiligungs AG's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €-15 Mil.
* 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.
Nuernberger Beteiligungs AG Enterprise Value Related Terms
Nuernberger Beteiligungs AG Enterprise Value Historical Data
* 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.
Nuernberger Beteiligungs AG Enterprise Value Chart
HAM:NBG6 vs BRK.A, AIG, HIG: Enterprise Value Comparison
For the Insurance - Diversified subindustry, Nuernberger Beteiligungs AG's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.
Nuernberger Beteiligungs AG Enterprise Value vs Insurance Industry
For the Insurance industry and Financial Services sector, Nuernberger Beteiligungs AG's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Nuernberger Beteiligungs AG's Enterprise Value falls into.
Nuernberger Beteiligungs AG Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
* 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.
Nuernberger Beteiligungs AG (HAM:NBG6) has a Enterprise Value of €853 Mil as of Jul. 06, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Nuernberger Beteiligungs AG and its competitors.
Is Nuernberger Beteiligungs AG's Enterprise Value too high?
Nuernberger Beteiligungs AG's current Enterprise Value is €853 Mil. Overall, Nuernberger Beteiligungs AG has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Nuernberger Beteiligungs AG's Enterprise Value compare to BRK.A and AIG?
Nuernberger Beteiligungs AG's Enterprise Value of €853 Mil 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 Enterprise Value for an Insurance company?
A good Enterprise Value depends on the Insurance industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Nuernberger Beteiligungs AG and its competitors. Nuernberger Beteiligungs AG's current Enterprise Value is €853 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuernberger Beteiligungs AG stock overvalued right now?
Nuernberger Beteiligungs AG (HAM:NBG6) has a current Enterprise Value of €853 Mil. The stock's GF Value™ is €65.97, compared to a current price of €121.50 — trading 84.2% above its estimated fair value. The current Enterprise Value is €853 Mil. Nuernberger Beteiligungs AG's overall GF Score™ is 54/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Nuernberger Beteiligungs AG (HAM:NBG6), the current Enterprise Value is €853 Mil as of Jul. 06, 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 Nuernberger Beteiligungs AG (HAM:NBG6) Overvalued in 2026?
Based on GuruFocus' analysis, Nuernberger Beteiligungs AG stock appears to be overvalued.
The current stock price of €121.50 is trading 84.2% above its estimated GF Value™ of €65.97.
Key valuation signals for HAM:NBG6:
Enterprise Value: €853 Mil
GF Value™: €65.97 vs. price of €121.50 (84.2% above fair value)
No single metric tells the full story. See the HAM:NBG6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nuernberger Beteiligungs AG operates in the German financial services domain. Its prime focus is on offering insurance products that span the life, health, and property insurance products. The Life business area comprises of the company's subsidiaries engaged in the provision of life insurances, disability insurance, occupational pensions and various forms of risk insurance, and pension funds. The Health segment is concerned with the provision of health and supplementary insurance and the property insurance segment is responsible for the activities related to in property, casualty, accident insurance, as well as reinsurance. In addition, it provides banking services encompassing financial products, asset management, and investment services.
54GF Score
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