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The historical rank and industry rank for The Hanover Insurance Group's Shiller PE Ratio or its related term are showing as below:
FRA:AF4'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 13.05 Med: 19.1 Max: 31.04
Current: 21.12
During the past years, The Hanover Insurance Group's highest Shiller PE Ratio was 31.04. The lowest was 13.05. And the median was 19.10.
FRA:AF4's Shiller PE Ratio is ranked worse than 66.67% of 369
companies
in the Insurance industry
Industry Median: 16.48
vs FRA:AF4: 21.12
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
The Hanover Insurance Group's adjusted earnings per share data for the three months ended in Jun. 2026 was €4.670. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €9.29 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
The Hanover Insurance Group (FRA:AF4) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
The Hanover Insurance Group Shiller PE Ratio Related Terms
The Hanover Insurance Group Shiller PE Ratio 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.
The Hanover Insurance Group Shiller PE Ratio Chart
FRA:AF4 vs KNSL, RLI, MCY: Shiller PE Ratio Comparison
For the Insurance - Property & Casualty subindustry, The Hanover Insurance Group'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.
The Hanover Insurance Group Shiller PE Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, The Hanover Insurance Group's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where The Hanover Insurance Group's Shiller PE Ratio falls into.
The Hanover Insurance Group Shiller PE Ratio Calculation
For Shiller PE Ratio, 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 PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
* 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.
Add all the adjusted EPS together and divide 10 will get our 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.
The Hanover Insurance Group (FRA:AF4) has a Shiller PE Ratio of 20.56 as of Sep. 13, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on The Hanover Insurance Group and its competitors. This is near median its historical median of 19.10. Over the past decade, The Hanover Insurance Group's Shiller PE Ratio has ranged from 13.05 to 31.04. According to the industry distribution chart, The Hanover Insurance Group ranks #246 out of 369 companies in the Insurance industry, placing it in the top 66.7%.
Is The Hanover Insurance Group's Shiller PE Ratio too high?
The Hanover Insurance Group's current Shiller PE Ratio of 20.56 is near median its 10-year median of 19.10. Over the past 10 years, this metric has ranged from a low of 13.05 to a high of 31.04. The Insurance industry median Shiller PE Ratio is 16.48. The Hanover Insurance Group's value of 20.56 is 24.8% above this industry median. Based on the distribution chart, The Hanover Insurance Group ranks #246 out of 369 companies in the Insurance industry, which is below the industry midpoint. Overall, The Hanover Insurance Group has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The Hanover Insurance Group's Shiller PE Ratio compare to KNSL and RLI?
According to the Insurance industry distribution chart, The Hanover Insurance Group ranks #246 out of 369 companies for Shiller PE Ratio. This places The Hanover Insurance Group in the lower half of its industry. The industry median Shiller PE Ratio is 16.48. The Hanover Insurance Group's value of 20.56 is 24.8% above this benchmark. Historically, The Hanover Insurance Group's own Shiller PE Ratio has ranged from 13.05 to 31.04 over the past decade. While the company's 10-year median is 19.10 vs. the industry median of 16.48, The Hanover Insurance Group 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 Shiller PE Ratio for an Insurance company?
The median Shiller PE Ratio among Insurance companies is 16.48, based on 369 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Hanover Insurance Group's current Shiller PE Ratio of 20.56 is 24.8% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on The Hanover Insurance Group and its competitors. For the Insurance industry, the median Shiller PE Ratio is 16.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Hanover Insurance Group's current Shiller PE Ratio is 20.56, which is near median its own 10-year median of 19.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Hanover Insurance Group stock overvalued right now?
Based on GuruFocus' analysis, The Hanover Insurance Group (FRA:AF4) is currently considered Fairly Valued. The stock's GF Value™ is €176.86, compared to a current price of €191.00 — trading 8% above its estimated fair value. The current Shiller PE Ratio is 20.56, which is near median its 10-year median of 19.10 and 24.8% above the Insurance industry median of 16.48. The Hanover Insurance Group's overall GF Score™ is 73/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For The Hanover Insurance Group (FRA:AF4), the current Shiller PE Ratio is 20.56 as of Sep. 13, 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 The Hanover Insurance Group (FRA:AF4) Overvalued in 2026?
Based on GuruFocus' analysis, The Hanover Insurance Group stock appears to be overvalued.
The current stock price of €191.00 is trading 8% above its estimated GF Value™ of €176.86.
GuruFocus considers The Hanover Insurance Group to be Fairly Valued.
Key valuation signals for FRA:AF4:
Shiller PE Ratio: 20.56 (near median its 10-year median of 19.10)
GF Value™: €176.86 vs. price of €191.00 (8% above fair value)
Industry Position: 24.8% above the Insurance median (#246 of 369)
No single metric tells the full story. See the FRA:AF4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Hanover Insurance Group Inc is a holding company whose primary business is offering property and casualty insurance products and services. The company markets itself through independent agents and brokers in the United States while conducting business through Hanover Insurance, Citizens and other THG subsidiaries. The company conducts business operations through four operating segments: Core Commercial, Specialty, Personal Lines, and Other. The company operates an investment portfolio that is exposed to fixed-income securities.
73GF Score
Get the complete analysis for FRA:AF4
Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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