Hannover Rueck SEHVRRF 76 Graham Number is $286.95 as of Mar. 2026, which is 26469% above its 10-year median of 1.08. GuruFocus rates HVRRF with a GF Score™ of 76/100 and a GF Value™ of $341.02 (Modestly Undervalued). Among 425 Insurance companies, Hannover Rueck SE ranks worse than 53.18% on this metric.
Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
As of today (2026-07-08), the stock price of Hannover Rueck SE is $274.90. Hannover Rueck SE's graham number for the quarter that ended in Mar. 2026 was $286.95. Therefore, Hannover Rueck SE's Price to Graham Number ratio for today is 0.96.
The historical rank and industry rank for Hannover Rueck SE's Graham Number or its related term are showing as below:
HVRRF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.76 Med: 1.08 Max: 1.79
Current: 1.01
During the past 13 years, the highest Price to Graham Number ratio of Hannover Rueck SE was 1.79. The lowest was 0.76. And the median was 1.08.
HVRRF's Price-to-Graham-Number is ranked worse than 53.18% of 425
companies
in the Insurance industry
Industry Median: 0.95
vs HVRRF: 1.01
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Hannover Rueck SE (OTCPK:HVRRF) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
Hannover Rueck SE's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
274.90
/
286.95
=
0.96
* 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.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
Hannover Rueck SE Graham Number Related Terms
Hannover Rueck SE Graham Number Historical Data
* Premium members only.
The historical data trend for Hannover Rueck SE's Graham Number 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.
For the Insurance - Reinsurance subindustry, Hannover Rueck SE's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number 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.
Hannover Rueck SE Price-to-Graham-Number vs Insurance Industry
For the Insurance industry and Financial Services sector, Hannover Rueck SE's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Hannover Rueck SE's Price-to-Graham-Number falls into.
* 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.
Hannover Rueck SE (HVRRF) has a Graham Number of $286.95 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Hannover Rueck SE and its competitors. This is 26469% above median its historical median of 1.08. Over the past decade, Hannover Rueck SE's Graham Number has ranged from 0.76 to 1.79. According to the industry distribution chart, Hannover Rueck SE ranks #226 out of 425 companies in the Insurance industry, placing it in the top 53.2%.
Is Hannover Rueck SE's Graham Number too high?
Hannover Rueck SE's current Graham Number of $286.95 is 26469% above median its 10-year median of 1.08. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 1.79. The Insurance industry median Graham Number is 0.95. Hannover Rueck SE's value of $286.95 is 30105.3% above this industry median. Based on the distribution chart, Hannover Rueck SE ranks #226 out of 425 companies in the Insurance industry, which is below the industry midpoint. Overall, Hannover Rueck SE has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hannover Rueck SE's Graham Number compare to RGA and EG?
According to the Insurance industry distribution chart, Hannover Rueck SE ranks #226 out of 425 companies for Graham Number. This places Hannover Rueck SE in the lower half of its industry. The industry median Graham Number is 0.95. Hannover Rueck SE's value of $286.95 is 30105.3% above this benchmark. Historically, Hannover Rueck SE's own Graham Number has ranged from 0.76 to 1.79 over the past decade. While the company's 10-year median is 1.08 vs. the industry median of 0.95, Hannover Rueck SE has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for an Insurance company?
The median Graham Number among Insurance companies is 0.95, based on 425 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hannover Rueck SE's current Graham Number of $286.95 is 30105.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Hannover Rueck SE and its competitors. For the Insurance industry, the median Graham Number is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hannover Rueck SE's current Graham Number is $286.95, which is 26469% above median its own 10-year median of 1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hannover Rueck SE stock overvalued right now?
Based on GuruFocus' analysis, Hannover Rueck SE (HVRRF) is currently considered Modestly Undervalued. The stock's GF Value™ is $341.02, compared to a current price of $274.90 — trading 19.4% below its estimated fair value. The current Graham Number is $286.95, which is 26469% above median its 10-year median of 1.08 and 30105.3% above the Insurance industry median of 0.95. Hannover Rueck SE's overall GF Score™ is 76/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Hannover Rueck SE (HVRRF), the current Graham Number is $286.95 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 Hannover Rueck SE (HVRRF) Overvalued in 2026?
Based on GuruFocus' analysis, Hannover Rueck SE stock appears to be undervalued.
The current stock price of $274.90 is trading 19.4% below its estimated GF Value™ of $341.02.
GuruFocus considers Hannover Rueck SE to be Modestly Undervalued.
Key valuation signals for HVRRF:
Graham Number: $286.95 (26469% above median its 10-year median of 1.08)
GF Value™: $341.02 vs. price of $274.90 (19.4% below fair value)
Industry Position: 30105.3% above the Insurance median (#226 of 425)
No single metric tells the full story. See the HVRRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hannover Re is a reinsurance company headquartered in Hannover, Germany. Its roots go back to the 1920s when, in conjunction with the Gerling Group, Haftpflichtverband founded Eisen- und Stahl-Industrie to provide reinsurance services. In the 1960s ownership of the business was turned over to Haftpflichtverband, and Aktiengesellschaft für Transport und- Rückversicherung was founded. This was the basis of Hannover Re. The business expanded into life and health reinsurance in the 1990s, and over the next 30 years expanded beyond its core domestic market of Germany to write business internationally. Hannover sold its commercial specialty insurance business to Talanx in January 2019. Hannover was listed in the 1990s on the Frankfurt Stock Exchange.
76GF Score
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