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Swiss Re AGSSREF +0.60%67 Price-to-Tangible-Book is 2.23 as of Jul. 27, 2026, which is 65% above its 10-year median of 1.35. GuruFocus rates SSREF with a GF Score™ of 67/100 and a GF Value™ of $133.23 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 476 Insurance companies, Swiss Re AG ranks worse than 68.91% on this metric.
As of today (2026-07-27), Swiss Re AG's share price is $163.20. Swiss Re AG's Tangible Book per Share of Dec. 2025 for the quarter that ended in Dec. 2025 was $73.03. Hence, Swiss Re AG's Price to Tangible Book Ratio of today is 2.23.
The historical rank and industry rank for Swiss Re AG's Price-to-Tangible-Book or its related term are showing as below:
SSREF'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.97 Med: 1.35 Max: 2.32
Current: 2.32
During the past 13 years, Swiss Re AG's highest Price to Tangible Book Ratio was 2.32. The lowest was 0.97. And the median was 1.35.
SSREF's Price-to-Tangible-Book is ranked worse than 68.91% of 476
companies
in the Insurance industry
Industry Median: 1.505
vs SSREF: 2.32
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.
Swiss Re AG Price-to-Tangible-Book Related Terms
Swiss Re AG Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Swiss Re 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.
SSREF vs RGA, EG, RNR: Price-to-Tangible-Book Comparison
For the Insurance - Reinsurance subindustry, Swiss Re 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.
Swiss Re AG Price-to-Tangible-Book vs Insurance Industry
For the Insurance industry and Financial Services sector, Swiss Re AG's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Swiss Re AG's Price-to-Tangible-Book 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.
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.
Swiss Re AG (SSREF) has a Price-to-Tangible-Book of 2.23 as of Jul. 27, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Swiss Re AG and its competitors. This is 65% above median its historical median of 1.35. Over the past decade, Swiss Re AG's Price-to-Tangible-Book has ranged from 0.97 to 2.32. According to the industry distribution chart, Swiss Re AG ranks #328 out of 476 companies in the Insurance industry, placing it in the top 68.9%.
Is Swiss Re AG's Price-to-Tangible-Book too high?
Swiss Re AG's current Price-to-Tangible-Book of 2.23 is 65% above median its 10-year median of 1.35. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 2.32. The Insurance industry median Price-to-Tangible-Book is 1.51. Swiss Re AG's value of 2.23 is 48.2% above this industry median. Based on the distribution chart, Swiss Re AG ranks #328 out of 476 companies in the Insurance industry, which is below the industry midpoint. Overall, Swiss Re AG has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Swiss Re AG's Price-to-Tangible-Book compare to RGA and EG?
According to the Insurance industry distribution chart, Swiss Re AG ranks #328 out of 476 companies for Price-to-Tangible-Book. This places Swiss Re AG in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.51. Swiss Re AG's value of 2.23 is 48.2% above this benchmark. Historically, Swiss Re AG's own Price-to-Tangible-Book has ranged from 0.97 to 2.32 over the past decade. While the company's 10-year median is 1.35 vs. the industry median of 1.51, Swiss Re AG 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 Price-to-Tangible-Book for an Insurance company?
The median Price-to-Tangible-Book among Insurance companies is 1.51, based on 476 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Swiss Re AG's current Price-to-Tangible-Book of 2.23 is 48.2% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Swiss Re AG and its competitors. For the Insurance industry, the median Price-to-Tangible-Book is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Swiss Re AG's current Price-to-Tangible-Book is 2.23, which is 65% above median its own 10-year median of 1.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swiss Re AG stock overvalued right now?
Based on GuruFocus' analysis, Swiss Re AG (SSREF) is currently considered Modestly Overvalued. The stock's GF Value™ is $133.23, compared to a current price of $163.20 — trading 22.5% above its estimated fair value. The current Price-to-Tangible-Book is 2.23, which is 65% above median its 10-year median of 1.35 and 48.2% above the Insurance industry median of 1.51. Swiss Re AG's overall GF Score™ is 67/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Swiss Re AG (SSREF), the current Price-to-Tangible-Book is 2.23 as of Jul. 27, 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 Swiss Re AG (SSREF) Overvalued in 2026?
Based on GuruFocus' analysis, Swiss Re AG stock appears to be overvalued.
The current stock price of $163.20 is trading 22.5% above its estimated GF Value™ of $133.23.
GuruFocus considers Swiss Re AG to be Modestly Overvalued.
Key valuation signals for SSREF:
Price-to-Tangible-Book: 2.23 (65% above median its 10-year median of 1.35)
GF Value™: $133.23 vs. price of $163.20 (22.5% above fair value)
Industry Position: 48.2% above the Insurance median (#328 of 476)
No single metric tells the full story. See the SSREF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Swiss Re is a reinsurer that has three core divisions: P&C reinsurance, life and health reinsurance, and corporate solutions. Swiss Re was founded in 1863 when the general manager of Helvetia sought to stem the flow of reinsurance premiums outside Switzerland. Moritz Grossmann argued he could cut the premiums paid to foreign firms, still make a profit, and pay mid-single-digit dividends. Swiss Re is now the second-largest reinsurer in the world by market capitalization, with 80 offices around the world and approximately 15,000 employees. While the business did lose its way in the early part of the millennium, led by an investment banker who heavily invested in securitizations, Swiss Re has recently focused on establishing quality within its three core divisions.
67GF Score
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