Talanx AG (TLLXY) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Talanx AG $51.91, price $72.23, upside -28.1%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.
How to read this chart
60‑month range $0.0331 – $75.00 · fair‑value band $38.84 – $65.97 · the $72.23 price screens above the $51.91 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 29, 2026.
Talanx AG provides insurance and reinsurance products and services worldwide.
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Talanx AG provides insurance and reinsurance products and services worldwide. The company offers life, casualty, third-party liability, space insurance, legal protection, fire, burglary and theft, tap water, plate glass, storm damage, comprehensive householders, comprehensive homeowners, hail, livestock, engineering, omnium, marine, business interruption, travel assistance, aviation and space liability, credit and surety, extended coverage, fire and fire business interruption insurance products, other property, and other non-life products. It also provides bancassurance activities; motor, life and property, fire, casualty, health, personal accident, and specialty insurance products, unit-linked life, annuity, term life, occupation disability; aviation and agricultural business; coverage for cyber and digital risks; parametric solutions; and structured reinsurance, as well as facultative and nat cat business; and asset management businesses. In addition, the company offers insurance cover, as well as customized products; and financial services. It has operations in Germany, the United Kingdom, Türkiye, Central and Eastern Europe, Rest of Europe, the United States, Rest of North America, Latin America, Asia, Australia, and Africa. The company was founded in 1903 and is based in Hanover, Germany. Talanx AG is a subsidiary of HDI Haftpflichtverband der Deutschen Industrie V.a.G.
Stock analysis
Talanx AG (TLLXY) currently trades at $72.23, while our model-based Fair Value estimate is $51.91, 28.1% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of $47.33 per share, and 0 of the 4 models we run sit above the $72.23 price.
Bear case: the Asset-Based group reads lowest at $19.67, and 4 of the 4 models stay below the price. Evidence for this calculation is medium.
Scenario range: $38.84 (bear) to $65.97 (bull), the price of $72.23 sits above 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 60/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Talanx AG reported revenue of €48.4B in FY2025 versus €43.1B in FY2021, a compound +2.9%/yr. Reported net income was €2.5B in FY2025, compounding +25.1%/yr from FY2021.
Key figures
Market cap $33.8B · P/E ratio 10.3 · P/S ratio 0.53 · EPS (TTM) $5.88 · Dividend yield 5.0% · Net margin 5.1% · Return on equity 20.1% · Return on assets 2.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 26% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at −28%, TLLXY screens cheaper than that median.
Fair Value models
Bear $38.84Fair Value $51.91Bull $65.97
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($1.72 per share) are deliberately not added.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.72/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+1.6%
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.
+37.3%
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.
+4.4%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) (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.
+30.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+25.4%
Dividend (yield on the price)5.0%
2025 sits 57% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
News mood ⓘNews mood, the average tone of recent news (8 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
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). "Talanx AG Fair Value". https://www.fairvalue-calculator.com/stock/TLLXY
Frequently asked questions
Is Talanx AG (TLLXY) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of $51.91 versus the last price from Sep 25, 2026 of $72.23, about −28% upside (overvalued).
What is the fair value of TLLXY?
Our model-based fair value for Talanx AG is $51.91 (as of Sep 29, 2026), built from audited fundamentals. Last price (from Sep 25, 2026): $72.23.
What is the quality score of TLLXY?
Talanx AG has a Quality Score of 60/100. 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 Talanx AG (TLLXY)?
Our model-based price target is the fair value of $51.91 (as of Sep 29, 2026) from 4 valuation models. Cautious scenario $38.84, optimistic scenario $65.97. It is a calculation from audited fundamentals, not an analyst target.
What is the Talanx AG stock forecast for 2026?
Our models put fair value at $51.91, about −28% upside versus the last price from Sep 25, 2026 of $72.23 (overvalued). Cautious scenario $38.84, optimistic scenario $65.97. The calculation is refreshed regularly with new filings.
What is the revenue of Talanx AG (TLLXY)?
Talanx AG reported trailing-twelve-month revenue of about €45.4B (latest available figure, as of Sep 29, 2026).
Does Talanx AG pay a dividend?
Talanx AG currently shows a dividend yield of about 4.98% relative to its recent price (as of Sep 29, 2026).
What is the intrinsic value of Talanx AG (TLLXY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Talanx AG it is $51.91 per share (as of Sep 29, 2026), against a price of $72.23. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Talanx AG stock overvalued or undervalued in 2026?
As of Sep 29, 2026, TLLXY trades above its calculated fair value: price $72.23, fair value $51.91, a gap of about −28% (overvalued). 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 TLLXY?
No. The price is what the market pays today ($72.23); the fair value is what the company's own numbers justify ($51.91). For Talanx AG the two are $20.32 per share apart. That gap is exactly why we show both numbers side by side.
How much is Talanx AG worth?
The market values Talanx AG at about $33.8B (market capitalisation, as of Sep 29, 2026). Per share that is $72.23; our models calculate a fair value of $51.91 per share.
What do the bullish and bearish scenarios say about TLLXY?
Our models span a range for Talanx AG: cautious scenario $38.84, base $51.91, optimistic $65.97 per share (as of Sep 29, 2026, price $72.23). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is TLLXY from its 52-week high?
Talanx AG trades at $72.23, about 4% below its 52-week high of $75.00 and 26% above the low of $57.17 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $51.91 is for.
Which stocks are comparable to Talanx AG?
From the same area (Financial Services) we also value Allianz SE, Zurich Insurance Group, AXA SA, Assicurazioni Generali S.p.A, 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 Talanx AG stock attractive at the current price?
The data as of Sep 29, 2026: price $72.23, calculated fair value $51.91 (−28%), Quality Score 60/100, 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 TLLXY calculated?
We run Talanx AG 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 $51.91, 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. Talanx AG itself currently trades above fair value. 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 Talanx AG (TLLXY)?
The latest price we hold is from Sep 25, 2026 and stands at $72.23. Our model-based fair value is $51.91, about −28% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Talanx AG right now?
The price sits above even our optimistic bull case ($65.97). The favourable scenario is already priced in. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. 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 Talanx AG
How large is the market capitalisation of Talanx AG (TLLXY)?
The market capitalisation of Talanx AG is $33.8B. 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/E ratio of Talanx AG (TLLXY)?
The price-to-earnings ratio of Talanx AG is 10.3 (as of Jun 24, 2026). Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Talanx AG (TLLXY)?
The price-to-sales ratio of Talanx AG is 0.53 (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 Talanx AG (TLLXY)?
Earnings per share at Talanx AG are $5.88 (price ÷ EPS = P/E 10.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Talanx AG (TLLXY)?
The dividend yield of Talanx AG is 5.0% (payout 61.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Talanx AG (TLLXY)?
The net margin of Talanx AG is 5.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Talanx AG (TLLXY)?
The return on equity (ROE) of Talanx AG is 20.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the return on assets of Talanx AG (TLLXY)?
The return on assets (ROA) of Talanx AG is 2.9% (last twelve months). Profit relative to everything the company owns. Harder to inflate than return on equity because debt does not boost it.
What is the operating margin of Talanx AG (TLLXY)?
The operating margin of Talanx AG is 15.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Talanx AG (TLLXY)?
Revenue at Talanx AG is growing −3.5% versus a year earlier (3y avg +37.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Talanx AG (TLLXY)?
Earnings per share at Talanx AG are growing +28.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Talanx AG (TLLXY) generate?
The free cash flow of Talanx AG is €8.4B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Talanx AG (TLLXY) carry?
The net debt of Talanx AG is €2.6B (fiscal year 2025, ≈ 0.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Sep 29, 2026