ETR/MUV2 (ETR/MUV2)

Deutsche Börse Xetra: ETR/MUV2 · EUR

€555

+1.00 (+0.2%)· Recorded snapshot

Market cap	68.8B
Revenue (ttm)	61.5B
Net income (ttm)	6.9B
EPS (ttm)	€53.7
Shares out	124M
P/E (trailing)	10.3x
P/E (forward)	10.6x
Dividend	€24.0 (4.33%)
Volume	174,583
Beta	0.32

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 61.5B
Net income (ttm): 6.9B
EPS (ttm): €53.7
P/E (trailing): 10.3x
P/E (forward): 10.6x
Market cap: 68.8B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E10.6

P25 n/aP50 n/aP75 n/a

Trailing P/E10.3

P25 n/aP50 n/aP75 n/a

ROE21.3

P25 n/aP50 n/aP75 n/a

ROIC17.1

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All ETR/MUV2 indicators

Market & fundamental data

Available fields

240

Groups with data

Currency

EUR

Showing 240 of 240 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	EUR
Country	Germany
Country code	DE
Earnings date	2026-11-12
Employees	44,595
Employees change	1,045
Employees growth	2.4%
Enterprise value	EUR 71.4B
Exchange	Deutsche Börse Xetra
Financial currency	EUR
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	1880
Industry	Insurance - Reinsurance
Is primary listing	Yes
ISIN number	DE0008430026
Last earnings date	2026-08-07
Last refreshed	2026-10-28
Last stock split date	1999-01-25
Last stock split type	Forward
Market cap	EUR 68.8B
Next earnings date	2026-11-12
Price	EUR 554.80
Price currency	EUR
Sector	Financials
SIC code	6311
Stock price date	2026-10-28
Symbol	etr/MUV2
Website	https://www.munichre.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	10.32x
Average P/E ratio (10Y)	17.42x
Average P/E ratio (3Y)	11.52x
Average P/E ratio (5Y)	10.76x
Earnings yield	9.68%
EV/Earnings	10.37x
EV/EBIT	7.35x
EV/EBITDA	7.29x
EV/FCF	11.05x
EV/Sales	1.16x
FCF / EV yield	9.05%
FCF yield	9.38%
Forward P/E	10.6x
Graham number	567.80667
Graham upside	2.42%
Lynch fair value	EUR 1,342.93
Lynch upside	142.23%
P/B ratio	2.04x
P/E ratio	10.33x
P/FCF ratio	10.66x
P/OCF ratio	10.42x
P/S ratio	1.12x
PEG ratio	1.81x
Price / tangible book value	2.5x
Sector forward P/E	11.95x
Sector P/E	12.95x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	15.75%
Effective tax rate	25.8%
FCF margin	10.47%
Gross margin	35.44%
Operating margin	15.75%
Pretax margin	15.04%
Profit margin	11.16%
Profit per employee	EUR 154,053
Profitable quarters	35
Profitable years	22
Revenue per employee	EUR 1.4M
ROA	2.16%
ROA (5Y)	1.43%
ROCE	4.96%
ROE	21.3%
ROE (5Y)	16.12%
ROIC	17.11%
ROIC (5Y)	13.3%
Tax / revenue	3.88%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	36.76%
EPS growth (Q)	9.78%
EPS growth (QoQ)	30.45%
EPS growth 10Y	12.7%
EPS growth 3Y	16.48%
EPS growth 5Y	29%
EPS growth quarters	2
EPS growth years	5
FCF growth	33.25%
FCF growth 3Y	26.25%
FCF growth 5Y	3.92%
Net income growth	33.22%
Net income growth (Q)	6.6%
Net income growth (QoQ)	29.63%
Net income growth 3Y	13.65%
Net income growth 5Y	26.65%
Net income growth quarters	2
Net income growth years	2
OCF growth	31.69%
OCF growth 10Y	5.78%
OCF growth 3Y	25.49%
OCF growth 5Y	4.38%
Revenue growth	-1.75%
Revenue growth (Q)	1.25%
Revenue growth (QoQ)	0.17%
Revenue growth 10Y	1.11%
Revenue growth 3Y	1.85%
Revenue growth 5Y	0.01%
Revenue growth quarters	3
Revenue growth years	2

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	EUR -143M
EBIT	EUR 9.7B
EPS	EUR 53.72
FCF per share	EUR 51.97
Financing cash flow	EUR -4.4B
Free cash flow	EUR 6.4B
Gross profit	EUR 21.8B
Income taxes	EUR 2.4B
Investing cash flow	EUR -1.7B
Net borrowing	EUR 1B
Net cash flow	EUR 503M
Net income	EUR 6.9B
Operating income	EUR 9.7B
Revenue	EUR 61.5B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	EUR 266.75
Debt / EBITDA	0.84
Debt / equity	0.24
Debt / FCF	1.28
Goodwill	EUR 4.9B
Interest coverage	36.17
Net cash (debt)	EUR -2.4B
Net cash / market cap	-3.5%
Net debt / equity	0.07
Net debt / FCF	0.37
Piotroski F-Score	4
Property, plant and equipment	EUR 2.1B
Shareholders' equity	EUR 33.7B
Tangible book value	EUR 27.5B
Tangible book value per share	EUR 218.23
Total assets	EUR 284.9B
Total cash	EUR 5.8B
Total debt	EUR 8.2B
Total liabilities	EUR 251.2B
WACC	5.63%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.22
Current ratio	0.28
Inventory turnover	4,182.42
Net working capital	EUR -70.6B
Quick ratio	0.22
Working capital	EUR -64.8B

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	2.59%
Dividend growth	20%
Dividend growth (10Y)	11.27%
Dividend growth (3Y)	27.42%
Dividend growth (5Y)	19.62%
Dividend growth years	4
Dividend payment date	2026-05-05
Dividend payment years	35
Dividend payout frequency	Annual
Dividend per share	EUR 24.00
Dividend yield	4.33%
Ex-dividend date	2026-04-30
FCF payout ratio	46.82%
Last dividend	EUR 24.00
Payout ratio	44.35%
Shareholder yield	6.92%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	209.69%
10Y return CAGR	16.72%
10Y total return	369.24%
150-day SMA	EUR 509.43
15Y price change	452.04%
15Y return CAGR	17.03%
15Y total return	957.52%
1D price change	0.18%
1M price change	8.7%
1M total return	8.7%
1W price change	1.5%
1W total return	1.5%
1Y price change	0.51%
1Y return CAGR	5.29%
1Y total return	5.29%
20-day SMA	EUR 534.52
200-day SMA	EUR 514.27
20Y price change	340.67%
20Y return CAGR	12.6%
20Y total return	974.03%
3M price change	6.65%
3M total return	6.65%
3Y price change	47.75%
3Y return CAGR	18.4%
3Y total return	65.99%
50-day SMA	EUR 521.01
50-day SMA vs 200-day SMA	50over200
52-week high	EUR 572.60
52-week high date	2026-04-21
52-week low	EUR 437.40
52-week low date	2026-06-02
5Y price change	117.23%
5Y return CAGR	21.5%
5Y total return	164.79%
6M price change	2.59%
6M total return	7.47%
All-time high	EUR 615.80
All-time high date	2025-04-24
All-time low	EUR 50.37
All-time low date	2003-03-31
Average true range (ATR)	EUR 8.50
Average volume	225.1K
Beta (1Y)	0.61
Beta (2Y)	0.49
Beta (5Y)	0.32
Change from 52-week high	-3.11%
Change from 52-week low	26.84%
Change from all-time high	-9.91%
Change from all-time low	1,001.45%
Change from open	0.11%
Day's gap	0.07%
Dollar volume	EUR 96.9M
High price	EUR 556.40
Low price	EUR 547.60
Monthly RSI	57.23
Open price	EUR 554.20
Position in 52-week range	81.82%
Previous close	EUR 553.80
Price vs 150-day SMA	8.91%
Price vs 20-day SMA	3.79%
Price vs 200-day SMA	7.88%
Price vs 50-day SMA	6.49%
Relative volume	0.79
RSI	70.76
Sharpe ratio	0.2
Sharpe ratio (3Y)	0.71
Sharpe ratio (5Y)	0.81
Sortino ratio	0.54
Sortino ratio (3Y)	1.25
Sortino ratio (5Y)	1.41
Volume	174.6K
Weekly RSI	62.63
YTD price change	-1.32%
YTD total return	3.38%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	124M
Shares change (QoQ)	-0.63%
Shares change (YoY)	-2.59%
Shares held by institutions	42.56%
Shares outstanding	124M

Deeper analysis on ETR/MUV2

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

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Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

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Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

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Frequently asked questions

About this ETR/MUV2 report

Is a complete ETR/MUV2 research report available?

No complete published report is available for etr/MUV2 (ETR/MUV2) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

ETR/MUV2 (ETR/MUV2)

Price

Financial snapshot

Fair-value bridge

Latest news · ETR/MUV2

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All ETR/MUV2 indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on ETR/MUV2

Frequently asked questions