As of today (2024-04-20), Munchener Ruckversicherungs-Gesellschaft AG's share price is $441.725. Munchener Ruckversicherungs-Gesellschaft AG's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $206.09. Hence, Munchener Ruckversicherungs-Gesellschaft AG's Price to Tangible Book Ratio of today is 2.14.
The historical rank and industry rank for Munchener Ruckversicherungs-Gesellschaft AG's Price-to-Tangible-Book or its related term are showing as below:
MURGF'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.03 Med: 1.28 Max: 2.25
Current: 2.21
During the past 13 years, Munchener Ruckversicherungs-Gesellschaft AG's highest Price to Tangible Book Ratio was 2.25. The lowest was 1.03. And the median was 1.28.
MURGF's Price-to-Tangible-Book is ranked worse than 72.33% of 459
companies
in the Insurance industry
Industry Median: 1.33
vs MURGF: 2.21
A closely related ratio is called PB Ratio. As of today, Munchener Ruckversicherungs-Gesellschaft AG's share price is $441.725. Munchener Ruckversicherungs-Gesellschaft AG's Book Value per Sharefor the quarter that ended in Dec. 2023 was $240.21. Hence, Munchener Ruckversicherungs-Gesellschaft AG's P/B Ratio of today is 1.84.
Munchener Ruckversicherungs-Gesellschaft AG Price-to-Tangible-Book Historical Data
The historical data trend for Munchener Ruckversicherungs-Gesellschaft AG's Price-to-Tangible-Book 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 Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Price-to-Tangible-Book
1.42
1.34
1.35
1.83
2.00
Munchener Ruckversicherungs-Gesellschaft AG Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Price-to-Tangible-Book
1.83
1.89
2.03
2.11
2.00
Competitive Comparison
For the Insurance - Reinsurance subindustry, Munchener Ruckversicherungs-Gesellschaft AG's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution
For the Insurance industry and Financial Services sector, Munchener Ruckversicherungs-Gesellschaft AG's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Munchener Ruckversicherungs-Gesellschaft AG's Price-to-Tangible-Book falls into.
Munchener Ruckversicherungs-Gesellschaft AG Price-to-Tangible-Book Calculation
Munchener Ruckversicherungs-Gesellschaft AG's price-to-tangible-book ratio for today is calculated as:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Munchener Ruckversicherungs-Gesellschaft AG Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Munchener Ruckversicherungs-Gesellschaft AG's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Munchener Ruckversicherungs-Gesellschaft AG (Munchener Ruckversicherungs-Gesellschaft AG) Business Description
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 focussed on a few customers with strong reputations. Thieme focussed 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 Thieme and Fink 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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MURGF has been successfully added to your 