Fair value · Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (MURGF) · updated 2026-10-03 · from annual report FY2025

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München trades at $597.70. We are not reading assumptions out of that price: financials are filed in EUR; our prices are in USD, so these methods need a conversion we do not yet publish.

Q: What is Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (MURGF)'s fair-value range?

EvidInvest does not publish a fair-value range for Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (MURGF). Financials are filed in EUR; our prices are in USD, so these methods need a conversion we do not yet publish. The filed statements, the filing citations and the growth history are all available at https://evidinvest.com/valuation/MURGF. Not investment advice.

Q: What is Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (MURGF)'s PE ratio versus its industry?

EvidInvest shows Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (MURGF)'s current and historical PE ratio alongside its sector and industry averages, so you can see whether the stock trades at a premium or discount to peers. Full breakdown at https://evidinvest.com/valuation/MURGF.

Everything below is unaffected: the filed statements, the filing they came from, and MURGF’s growth history are all as reported.

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The filing behind these numbers

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München

Revenue: EUR 69.3B
Diluted EPS: EUR 47.13
Free cash flow: EUR 1.1B; operating cash flow − capital expenditure
Diluted shares: 152.4M; weighted average

annual report FY2025 · fiscal year ended 2025-12-31 · filed 2025-12-31

Trailing-twelve-month EPS also uses the quarterly 6-Ks through Q2 FY2026 (filed 2026-06-30).

Open the annual report list on sec.gov

Valuation tool: build your own MURGF range

Fair Value Summary

Daily Price — MURGF

$624.45 -5.4% (1Y)

Your range0 of 8 methods

At least two methods need a usable value to draw a range with these inputs.

Range with preset inputs

No preset range for this company yet.

The two ranges are identical because every input sits on a preset.

We don’t tell you what MURGF is worth. Every tab OPENS on what today’s price implies for that method’s key assumption; you decide whether that assumption is reasonable — the growth matrix has MURGF’s filed history and the AI chat will reason it through with you — and the range you build is yours. Our presets are filed history and reference settings, never a recommendation.

Discounted cash flow

N/A

Financials are filed in EUR; our prices are in USD, so these methods need a conversion we do not yet publish.

Preset inputs — revenue-driven DCF from the latest filing

Implied by today’s price

Financials are filed in EUR; our prices are in USD, so these methods need a conversion we do not yet publish.

Not solvable from the price — Financials are filed in EUR; our prices are in USD, so these methods need a conversion we do not yet publish. Showing preset inputs.

This method has no key input to read out of the price. The others below do, and you set them yourself: the growth matrix shows what MURGF has actually filed, and the AI chat will reason it through with you.

Your inputs

Free cash flow grows at your stage-1 rate, then your stage-2 rate, then a terminal rate; everything is discounted at your WACC.

Stage-1 growth20.4%

Yearly free-cash-flow growth for the first stage. Starts below zero so a shrinking-cash-flow case — and the rate today’s price implies — can be set.

-20.0%60.0%

Stage-1 years5 yrs

How long stage-1 growth lasts.

1 yrs10 yrs

Stage-2 growth6.9%

Slower growth after stage 1, before the terminal phase.

-20.0%30.0%

Stage-2 years5 yrs

0 yrs10 yrs

Terminal growth2.5%

Growth forever after the two stages. Above ~3% is rarely justified.

0.0%5.0%

Discount rate (WACC)5.99%

The return you require. Default is the WACC EvidInvest computed for this company. Higher discount rate, lower value.

3.00%15.00%

Net debt ($M)Debt minus cash, from the balance sheet. Subtracted from enterprise value.

Starting FCF ($M)Latest free cash flow from the filing (operating cash flow minus capex).

Shares (M)Diluted shares, from the filing.

Year by year (two-stage model, $M)

PV explicit $18,954M · PV terminal $64,067M · EV $83,021M · equity $81,090M

Year	Stage	FCF	Present value
1	Stage 1	$1,330M	$1,255M
2	Stage 1	$1,602M	$1,426M
3	Stage 1	$1,929M	$1,620M
4	Stage 1	$2,322M	$1,840M
5	Stage 1	$2,796M	$2,090M
6	Stage 2	$2,989M	$2,108M
7	Stage 2	$3,195M	$2,126M
8	Stage 2	$3,415M	$2,144M
9	Stage 2	$3,651M	$2,163M
10	Stage 2	$3,903M	$2,181M

Inputs from the filing

Financials are filed in EUR; our prices are in USD, so these methods need a conversion we do not yet publish.

Free cash flow: EUR 0; sum of the last four quarters
EBIT: EUR 9.0B; latest annual
Shares: 147.8M
Total debt: EUR 7.4B
Cash: EUR 5.5B
Net debt: EUR 1.9B; debt − cash

annual report FY2025 · period ended 2025-12-31 · filed 2025-12-31 · sec.gov

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Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München trades at $597.70. We are not reading assumptions out of that price: financials are filed in EUR; our prices are in USD, so these methods need a conversion we do not yet publish.

The filing behind these numbers

Valuation tool: build your own MURGF range

Daily Price — MURGF

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Year by year (two-stage model, $M)

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Valuation tool: build your own MURGF range

Daily Price — MURGF

Your range0 of 8 methods

Range with preset inputs

Your inputs

Year by year (two-stage model, $M)

More on MURGF

Compare with peers

Explore