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STOCK COMPARISON

Münchener Rück vs Swiss Re: Fair Value & Quality

Both stocks run through our valuation models. Here is how Münchener Rück (MUV2) and Swiss Re (SREN) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Swiss Re as the less overvalued of the two: Münchener Rück trades at €528 versus a fair value of €460 (-13%), while Swiss Re trades at CHF 143 versus CHF 138 (-4%).
Münchener Rück
MUV2.XETRA · EUR · Financials
-13%
upside to fair value
overvalued
Price€528
Fair Value€460
Quality52/100
Swiss Re
SREN.SW · CHF · Financials
-4%
upside to fair value
fairly valued
PriceCHF 143
Fair ValueCHF 138
Quality52/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Münchener RückSwiss Re
Valuation
9.6×P/E (TTM)10.5×
1.22×P/S (TTM)1.14×
2.25×P/B1.96×
10.5×EV/EBITDA7.9×
2.03×PEG0.80×
−12.8%Fair value upside−3.7%
4.5%Dividend yield6.5%
€24.00Dividend per share
Profitability
15%Operating margin20%
4.77×EBIT margin trend (5Y)
20%Return on equity19%
2%Return on assets3%
Growth
-6%Revenue growth (YoY)-2%
20.4%Avg. growth/yr (3Y)2.9%
3.4%Avg. growth/yr (5Y)2.8%
+24.5%Value creation/yr+42.7%
Balance & size
23.4×Interest coverage (EBIT/interest)12.6×
0.22×Debt / equity0.35×
$75BMarket cap$48B
expensiveGrowth qualityhealthy

Swiss Re leads: 5 to 10 metric wins.

Dash = 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 63 Swiss Reof which business quality 47 · market factors 68
ProfitabilityMargins and returns on capital today
39
49
Quality GrowthAre margins and returns improving?
54
71
CashflowEarnings quality: real cash, not paper profit
32
45
Fin. StrengthBalance sheet, leverage, solvency risk
7
7
InvestmentDisciplined investing over empire-building
73
67
Low VolatilityCalm price path (market factor)
95
93
MomentumPrice trend over the last 3–12 months (market factor)
50
56
52W MomentumDistance to the 52-week high (market factor)
50
61
Net IssuanceBuybacks instead of dilution
100
71

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 €528Swiss RePrice CHF 143
Dividend Discount-48%below the price€275-28%below the priceCHF 103
Multiples-7%close to the price€493+18%above the priceCHF 168
Asset-Based-67%below the price€174-61%below the priceCHF 56.01
Economic Profit-25%below the price€398-3%close to the priceCHF 138
Minimum-67%below the price€174-61%below the priceCHF 56.01
Maximum-7%close to the price€493+18%above the priceCHF 168
Median-36%below the price€336-16%below the priceCHF 120
Geometric mean-41%below the price€311-25%below the priceCHF 107

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.

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

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Münchener Rück
Bear €345Fair Value €460Bull €575
€528 = current price (white tick)
Swiss Re
Bear CHF 103Fair Value CHF 138Bull CHF 172
CHF 143 = current price (white tick)

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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-13% · below median

Swiss Re · Financials

Quality score52 · below median
Fair value upside-4% · above median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Swiss Re as the less overvalued of the two: Münchener Rück trades at €528 versus a fair value of €460 (-13%), while Swiss Re trades at CHF 143 versus CHF 138 (-4%).

Münchener Rück has the higher quality score (52/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.