National Reinsurance Corporation of the Philippines (NRCP) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of National Reinsurance Corporation of the Philippines PHP 2.66, price PHP 1.18, upside +125.4%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range 0.3064 PHP – 1.50 PHP · fair‑value band 2.57 PHP – 3.38 PHP · the 1.18 PHP price screens below the 2.66 PHP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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National Reinsurance Corporation of the Philippines (NRCP) currently trades at 1.18 PHP, while our model-based Fair Value estimate is 2.66 PHP, implying the stock looks roughly 55.6% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 6.64 PHP per share, and 4 of the 4 models we run sit above the 1.18 PHP price.
Bear case: the Asset-Based group reads lowest at 4.26 PHP, and 0 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: 2.57 PHP (bear) to 3.38 PHP (bull), the price of 1.18 PHP sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 54/100 (solid quality), in the Financials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
National Reinsurance Corporation of the Philippines reported revenue of 5.4B PHP in FY2024 versus 3.7B PHP in FY2020, a compound +10.1%/yr. Reported net income was 551M PHP in FY2024, compounding +46.4%/yr from FY2020.
Key figures
Market cap 2.5B PHP (≈ $40.0M) · P/E ratio 63.5 · P/S ratio 6.47 · EPS (TTM) −0.0944 PHP · Net margin 10.2% · Return on assets (EBIT) 1.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 121% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financials peers we cover trades at 13% fair-value upside, at 125%, NRCP screens cheaper than that median.
Fair Value models
Bear 2.57 PHPFair Value 2.66 PHPBull 3.38 PHP
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.42/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+25.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.6%
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.2%
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What shareholders gained per year (last 5 years), in PHP (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in PHP: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+28.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+28.6%
Dividend (yield on the price)0.0%
Profit margin 2019 to 2024 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 13%
2024 sits 289% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare National Reinsurance Corporation of the Philippines with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Insurance” was too small, so the broader sector is used.)Financials · 3207 stocks
Beats the sector median on 1/7 measures
Overall it trails its sector peers.
Valuation
Quality Score54 · Below median
Fair Value upside+119.8% · Top 25%
Profitability
Return on assets0.0% · Bottom 25%
Net margin (TTM)10.2% · Below median
Operating margin (TTM)0.0% · Bottom 25%
Growth and dividend
Revenue growth0.0% · Below median
Valuation Multiplesvs Financials median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "National Reinsurance Corporation of the Philippines Fair Value". https://www.fairvalue-calculator.com/stock/NRCP
Frequently asked questions
Is National Reinsurance Corporation of the Philippines (NRCP) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 2.66 PHP versus a price of 1.18 PHP, about +125% upside (undervalued).
What is the fair value of NRCP?
Our model-based fair value for National Reinsurance Corporation of the Philippines is 2.66 PHP (as of Sep 27, 2026), built from audited fundamentals. The current price: 1.18 PHP.
What is the quality score of NRCP?
National Reinsurance Corporation of the Philippines has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for National Reinsurance Corporation of the Philippines (NRCP)?
Our model-based price target is the fair value of 2.66 PHP (as of Sep 27, 2026) from 4 valuation models. Cautious scenario 2.57 PHP, optimistic scenario 3.38 PHP. It is a calculation from audited fundamentals, not an analyst target.
What is the National Reinsurance Corporation of the Philippines stock forecast for 2026?
Our models put fair value at 2.66 PHP, about +125% upside versus a price of 1.18 PHP (undervalued). Cautious scenario 2.57 PHP, optimistic scenario 3.38 PHP. The calculation is refreshed regularly with new filings.
What is the intrinsic value of National Reinsurance Corporation of the Philippines (NRCP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For National Reinsurance Corporation of the Philippines it is 2.66 PHP per share (as of Sep 27, 2026), against a price of 1.18 PHP. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is National Reinsurance Corporation of the Philippines stock overvalued or undervalued in 2026?
As of Sep 27, 2026, NRCP trades below its calculated fair value: price 1.18 PHP, fair value 2.66 PHP, a gap of about +125% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NRCP?
No. The price is what the market pays today (1.18 PHP); the fair value is what the company's own numbers justify (2.66 PHP). For National Reinsurance Corporation of the Philippines the two are 1.48 PHP per share apart. That gap is exactly why we show both numbers side by side.
How much is National Reinsurance Corporation of the Philippines worth?
The market values National Reinsurance Corporation of the Philippines at about 2.5B PHP (market capitalisation, as of Sep 27, 2026). Per share that is 1.18 PHP; our models calculate a fair value of 2.66 PHP per share.
What do the bullish and bearish scenarios say about NRCP?
Our models span a range for National Reinsurance Corporation of the Philippines: cautious scenario 2.57 PHP, base 2.66 PHP, optimistic 3.38 PHP per share (as of Sep 27, 2026, price 1.18 PHP). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NRCP?
National Reinsurance Corporation of the Philippines trades at a price-to-earnings ratio of 63.5 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2.66 PHP is built from several models across several years.
How far is NRCP from its 52-week high?
National Reinsurance Corporation of the Philippines trades at 1.18 PHP, about 21% below its 52-week high of 1.50 PHP and 121% above the low of 0.5340 PHP (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 2.66 PHP is for.
Which stocks are comparable to National Reinsurance Corporation of the Philippines?
From the same area (Financials) we also value Federal Home Loan Mortgage Corporation, CGABL, BOCHGR, LTG, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is National Reinsurance Corporation of the Philippines stock attractive at the current price?
The data as of Sep 27, 2026: price 1.18 PHP, calculated fair value 2.66 PHP (+125%), Quality Score 54/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NRCP calculated?
We run National Reinsurance Corporation of the Philippines through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 2.66 PHP, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. National Reinsurance Corporation of the Philippines currently trades 56 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of National Reinsurance Corporation of the Philippines (NRCP)?
The closing price on Oct 2, 2026 was 1.18 PHP. Our model-based fair value is 2.66 PHP, about +125% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with National Reinsurance Corporation of the Philippines right now?
The price is below even our cautious bear case (2.57 PHP). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of National Reinsurance Corporation of the Philippines
How large is the market capitalisation of National Reinsurance Corporation of the Philippines (NRCP)?
The market capitalisation of National Reinsurance Corporation of the Philippines is 2.5B PHP (≈ $40.0M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of National Reinsurance Corporation of the Philippines (NRCP)?
The price-to-sales ratio of National Reinsurance Corporation of the Philippines is 6.47 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of National Reinsurance Corporation of the Philippines (NRCP)?
Earnings per share at National Reinsurance Corporation of the Philippines are −0.0944 PHP (price ÷ EPS = P/E 63.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of National Reinsurance Corporation of the Philippines (NRCP)?
The net margin of National Reinsurance Corporation of the Philippines is 10.2% (fiscal year 2024). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of National Reinsurance Corporation of the Philippines (NRCP)?
On an EBIT basis the return on assets of National Reinsurance Corporation of the Philippines is 1.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
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