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STOCK COMPARISON

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München vs Münchener Rück: Fair Value & Quality

Both stocks run through our valuation models. Here is how Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (MURGF) and Münchener Rück (MUV2) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Münchener Rück as the less overvalued of the two: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München trades at $571 versus a fair value of $413 (-28%), while Münchener Rück trades at €503 versus €434 (-14%).
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
MURGF · USD · Financials
-28%
upside to fair value
overvalued
Price$571
Fair Value$413
Quality43/100
Münchener Rück
MUV2.XETRA · EUR · Financials
-14%
upside to fair value
overvalued
Price€503
Fair Value€434
Quality52/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in MünchenMünchener Rück
Valuation
9.4×P/E (TTM)9.6×
1.42×P/S (TTM)1.21×
2.62×P/B2.23×
12.2×EV/EBITDA10.4×
1.96×PEG2.03×
−27.7%Fair value upside−13.7%
4.2%Dividend yield4.8%
$24.00Dividend per share€24.00
Profitability
15%Operating margin15%
4.77×EBIT margin trend (5Y)4.77×
20%Return on equity20%
2%Return on assets2%
Growth
-6%Revenue growth (YoY)-6%
20.4%Avg. growth/yr (3Y)n/a
3.4%Avg. growth/yr (5Y)n/a
+20.4%Value creation/yr+24.8%
Balance & size
23.4×Interest coverage (EBIT/interest)23.4×
0.22×Debt / equity0.22×
$87BMarket cap$74B
expensiveGrowth qualityexpensive

Münchener Rück leads: 2 to 6 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in Münchenof which business quality 37 · market factors 53 Münchener Rückof which business quality 45 · market factors 60
ProfitabilityMargins and returns on capital today
39
39
Quality GrowthAre margins and returns improving?
54
54
CashflowEarnings quality: real cash, not paper profit
32
32
Fin. StrengthBalance sheet, leverage, solvency risk
7
7
InvestmentDisciplined investing over empire-building
88
73
Low VolatilityCalm price path (market factor)
70
94
MomentumPrice trend over the last 3–12 months (market factor)
46
45
52W MomentumDistance to the 52-week high (market factor)
44
47
Net IssuanceShare count: buybacks or dilution?
26
100

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyMünchener Rückversicherungs-Gesellschaft Aktiengesellschaft in MünchenPrice $571Münchener RückPrice €503
Dividend Discount-55%below the price$255-45%below the price€275
Multiples-14%close to the price$492-2%close to the price€493
Asset-Based-70%below the price$174-65%below the price€174
Economic Profit-30%below the price$398-21%below the price€398
Minimum-70%below the price$174-65%below the price€174
Maximum-14%close to the price$492-2%close to the price€493
Median-43%below the price$327-33%below the price€336
Geometric mean-46%below the price$305-38%below the price€311

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München: 5 of 6 models see the stock below the current price.

Münchener Rück: 5 of 6 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Price $571
Fair Value $413
Bear $321Bull $556
Münchener Rück
Price €503
Fair Value €434
Bear €338Bull €575

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München · Financials

Quality score43 · bottom 25%
Fair value upside-28% · below median

Münchener Rück · Financials

Quality score52 · below median
Fair value upside-14% · below median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Münchener Rück as the less overvalued of the two: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München trades at $571 versus a fair value of $413 (-28%), while Münchener Rück trades at €503 versus €434 (-14%).

Münchener Rück has the higher quality score (52/100).

Open Münchener Rück live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.