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STOCK COMPARISON

Münchener Rück vs TQR Public Company: Fair Value & Quality

Both stocks run through our valuation models. Here is how Münchener Rück (MUV2) and TQR Public Company (TQR) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Münchener Rück as the less overvalued of the two: Münchener Rück trades at €503 versus a fair value of €434 (-14%), while TQR Public Company trades at THB 6.15 versus THB 4.39 (-29%).
Münchener Rück
MUV2.XETRA · EUR · Financials
-14%
upside to fair value
overvalued
Price€503
Fair Value€434
Quality52/100
TQR Public Company
TQR.BK · THB · Financials
-29%
upside to fair value
overvalued
PriceTHB 6.15
Fair ValueTHB 4.39
Quality79/100
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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 RückTQR Public Company
Valuation
9.6×P/E (TTM)13.7×
1.21×P/S (TTM)5.03×
2.23×P/B2.70×
10.4×EV/EBITDA9.7×
2.03×PEGn/a
−13.7%Fair value upside−28.6%
4.8%Dividend yield6.5%
€24.00Dividend per shareTHB 0.40
Profitability
15%Operating margin54%
4.77×EBIT margin trend (5Y)0.95×
20%Return on equity19%
2%Return on assets13%
Growth
-6%Revenue growth (YoY)3%
n/aAvg. growth/yr (3Y)4.2%
n/aAvg. growth/yr (5Y)7.1%
+24.8%Value creation/yr+12.9%
Balance & size
23.4×Interest coverage (EBIT/interest)230.1×
0.22×Debt / equityn/a
$74BMarket cap$42M
expensiveGrowth qualityhealthy

Even match: 6 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 Rückof which business quality 45 · market factors 60 TQR Public Companyof which business quality 78 · market factors 70
ProfitabilityMargins and returns on capital today
39
73
Quality GrowthAre margins and returns improving?
54
41
CashflowEarnings quality: real cash, not paper profit
32
85
Fin. StrengthBalance sheet, leverage, solvency risk
7
91
InvestmentDisciplined investing over empire-building
73
93
Low VolatilityCalm price path (market factor)
94
88
MomentumPrice trend over the last 3–12 months (market factor)
45
58
52W MomentumDistance to the 52-week high (market factor)
47
69
Net IssuanceShare count: buybacks or dilution?
100
82

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 RückPrice €503TQR Public CompanyPrice THB 6.15
Dividend Discount-45%below the price€275+4%close to the priceTHB 6.37
Multiples-2%close to the price€493-28%below the priceTHB 4.46
Asset-Based-65%below the price€174-75%below the priceTHB 1.52
Economic Profit-21%below the price€398-47%below the priceTHB 3.23
Minimum-65%below the price€174-75%below the priceTHB 1.52
Maximum-2%close to the price€493+4%close to the priceTHB 6.37
Median-33%below the price€336-38%below the priceTHB 3.84
Geometric mean-38%below the price€311-44%below the priceTHB 3.44

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

TQR Public Company: 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 Rück
Price €503
Fair Value €434
Bear €338Bull €575
TQR Public Company
Price THB 6.15
Fair Value THB 4.39
Bear THB 3.26Bull THB 5.48

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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 Rück · Financials

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

TQR Public Company · Financials

Quality score79 · Top 25%
Fair value upside-29% · below median

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Münchener Rück as the less overvalued of the two: Münchener Rück trades at €503 versus a fair value of €434 (-14%), while TQR Public Company trades at THB 6.15 versus THB 4.39 (-29%).

TQR Public Company has the higher quality score (79/100).

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.