SCOR SE (SCR) fair value: what the stock is really worth
We calculate from audited financials what SCOR SE is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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A solid business, trading 25% below our fair value of €43.22.
As of Sep 7, 2026, the fair value of SCOR SE is €43.22 per share against a price of €32.28, so the fair value sits 34% above the price. A model estimate from reported figures, not an analyst target.
!Weak Growth (revenue 5y +1.0 %/yr)
!Thin margins · 5.7% net margin
✓Moderate debt · generates free cash flow
!Mixed vs. peers (7/15)
!Moderate moat 47/100
Evidence: HighRange €32.41 to €54.02
Fair value as of: Sep 7, 2026
From 6 valuation models · updated 4 days ago
Share price −5.2% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters now
Solid quality (66/100) 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 7, 2026.
How to read this chart
60‑month range €10.70 – €34.68 · fair‑value band €32.41 – €54.02 · the €32.28 price screens below the €43.22 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 7, 2026.
SCOR SE (SCR) currently trades at €32.28, while our model-based Fair Value estimate is €43.22, implying the stock looks roughly 25.3% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Financial Services sector. Bull case: the Economic Profit group reads highest at a median of €38.63 per share, and 3 of the 6 models we run sit above the €32.28 price. Bear case: the Asset-Based group reads lowest at €16.60, and 3 of the 6 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, SCOR SE generated revenue of €15.5B at a net margin of 5.7%. Revenue declined 6.5% year over year. It earns a return on equity of 13.2%. Net debt stands at €1.7B. Fundamentals as of Sep 7, 2026
Scenario range: €32.41 (bear) to €54.02 (bull), the price of €32.28 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 2% below its 52-week high and 36% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 52% fair-value upside, at 34%, SCR screens richer than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (€3.26 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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.Evidence
Highest evidence
Gordon GGM€15.83€31.54€47.7667
DDM Multi-Stage€15.83€24.69€33.2966
Residual Income€29.74€38.63€123.6064
All 6 models by family
Dividend Discount
Gordon GGM€15.83€31.54€47.7667
DDM Multi-Stage€15.83€24.69€33.2966
Multiples
P/E Multiple€46.44€61.92€77.4063
P/B Multiple€26.02€34.69€43.3655
Asset-Based
NCAV (Graham)€12.39€16.60€24.7854
Economic Profit
Residual Income€29.74€38.63€123.6064
Widest divergence: Economic Profit (€38.63) versus Asset-Based (€16.60). Highest evidence: Gordon GGM (67).
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Key figures & financial health
P/E ratio6.9
P/S ratio0.36P/E × margin
EPS (TTM)€4.68price ÷ EPS = P/E 6.9
Dividend yield5.9%payout 40.4%
Net margin5.2%FY2025
Return on equity13.2%TTM
More key figures
Profitability
Return on assets (EBIT)1.2%avg 5y
Operating margin11.5%TTM
Growth
Revenue (TTM)€15.5BTTM
Revenue growth (YoY)−6.5%3y avg −0.5%
EPS growth (YoY)+12.4%
Balance sheet & cash flow
Free cash flow€1.0BFY2025
Net debt€1.7BFY2025 · ≈ 1.7 yrs of FCF
Figures from reported company fundamentals · as of Sep 7, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality66/100
Of which business quality 58
· Market factors (momentum, volatility) 71
Profitability48
Margins and returns on capital today
Quality Growth73
Are margins and returns improving?
Cashflow55
Earnings quality: real cash, not paper profit
Fin. Strength17
Balance sheet, leverage, solvency risk
Investment100
Disciplined investing over empire-building
Low Volatility88
Calm price path (market factor)
Momentum58
Price trend over the last 3–12 months (market factor)
52W Momentum75
Distance to the 52-week high (market factor)
Net Issuance90
Buybacks instead of dilution
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
SCOR SE, together with its subsidiaries, provides life and non-life reinsurance products in Europe, the Middle East, Africa, the Americas, Latin America, and the Asia Pacific. It operates in two segments, SCOR P&C and SCOR L&H.
Full company description
SCOR SE, together with its subsidiaries, provides life and non-life reinsurance products in Europe, the Middle East, Africa, the Americas, Latin America, and the Asia Pacific. It operates in two segments, SCOR P&C and SCOR L&H. The SCOR P&C segment offers reinsurance products in the areas of property, motors, casualty treaties, credit and surety, decennial insurance, aviation, marine and energy, engineering, cyber agricultural risks, and binders and facilities; It also provides business solutions including corporate risk insurance, as well as specialist lines, such as Political and Credit risk and Environmental Liability; and binders and facilities. The SCOR L&H segment provides life reinsurance products, such as protection for mortality, morbidity, behavioral risks, disability, long-term care, critical illness, medical, and personal accident. This segment also provides financial solutions that combine traditional life reinsurance with financial components and provide liquidity, balance sheet, solvency, and income improvements to clients; and longevity solutions that include products covering the risk of negative deviation from expected results due to the insured or annuitant living longer than assumed in the pricing of insurance covers provided by insurers or pension funds. The company is involved in the asset management business. SCOR SE was incorporated in 1956 and is headquartered in Paris, France.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
SCOR SE reported revenue of €16.2B in FY2025 versus €16.0B in FY2021, a compound +0.4%/yr. Reported net income was €851M in FY2025, compounding +16.9%/yr from FY2021.
Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€16.2B
Latest YoY
+3.6%
Avg. revenue growth/yr (3Y) ⓘ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.
−0.5%
Avg. revenue growth/yr (5Y) ⓘ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.
+1.0%
Avg. revenue growth/yr (29Y) ⓘ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.
+7.8%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
≈ +22.1%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+16.2%
Dividend yield5.9%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 16.2% vs 10Y 4.0%, picking up
Operating margin (EBIT) ⓘ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.2.2% (2020) → 8.1% (2025) · rising
Worst earnings drop417% (2022) (loss year, drop beyond 100%) · in EUR
⚠ Final year 2025 sits 113% above trend (one-off), rate approximate
Revenue+0.4%/yr
FY21€16.0B
FY22€16.4B
FY23€15.8B
FY24€15.7B
FY25€16.2B
Net income+16.9%/yr
FY21€456M
FY22−€1.4B
FY23€812M
FY24€4.0M
FY25€851M
Character of growth · EPS growth decomposed (2014-2025)−0.1 % p.a.
Revenue per share+3.3 %
of which total revenue +2.9 % · buybacks/dilution +0.5 %
EBIT margin−0.9 %
Tax rate−1.9 %
Residual (interest, one-offs)−0.5 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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.
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation
Quality Score63 · Top 25%
Fair Value upside+28% · Above median
Profitability
Return on equity (TTM)13% · Below median
Return on assets2% · Below median
Net margin (TTM)6% · Bottom 25%
Operating margin (TTM)11% · Below median
Growth and dividend
Revenue growth−7% · Below median
Dividend yield (TTM)5.9% · Above median
Balance sheet
Debt / equity0.78× · Highest 25%
Valuation Multiples vs Insurance - Reinsurance median · lower = cheaper
P/E (TTM)6.9× · Cheaper than median
P/B1.53× · Pricier than median
P/S (TTM)0.44× · Cheapest 25%
P/FCF6.7× · Pricier than median
EV/EBITDA5.9× · Cheaper than median
PEG0.44× · Cheapest 25%
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must SCOR SE deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 yearsless than minus 40 % per year
Achieved revenue growth, 5 years+1.0 % p.a.
Sector median revenue growth+8.2 %
FCF yield on price17.55 %
Discount rate (WACC) in the models9.0 %
The price sits beyond what a cash-flow model can represent: the valuation rests on more than today's free cash flow. Ranking of the largest stocks →
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE79· sector 68
FUTURE0· sector 0
PAST53· sector 57
HEALTH61· sector 89
DIVIDEND100· sector 96
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Insurance - Reinsurance stocks, each showing price versus our Fair Value estimate (as of Sep 7, 2026).
As of Sep 7, 2026, our model estimates a fair value of €43.22 versus a price of €32.28, about +34% upside (undervalued).
What is the fair value of SCR?
Our model-based fair value for SCOR SE is €43.22 (as of Sep 7, 2026), built from audited fundamentals. The current price: €32.28.
What is the quality score of SCR?
SCOR SE has a Quality Score of 66/100. 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 SCOR SE (SCR)?
Our model-based price target is the fair value of €43.22 (as of Sep 7, 2026) from 6 valuation models. Cautious scenario €32.41, optimistic scenario €54.02. It is a calculation from audited fundamentals, not an analyst target.
What is the SCOR SE stock forecast for 2026?
Our models put fair value at €43.22, about +34% upside versus a price of €32.28 (undervalued). Cautious scenario €32.41, optimistic scenario €54.02. The calculation is refreshed regularly with new filings.
What is the revenue of SCOR SE (SCR)?
SCOR SE reported trailing-twelve-month revenue of about €15.5B (latest available figure, as of Sep 7, 2026).
What is the net profit margin of SCR?
The net profit margin of SCOR SE is about 5.7%, meaning it keeps roughly 5.7% of revenue as net income. Based on the latest reported figures.
Does SCOR SE pay a dividend?
SCOR SE currently shows a dividend yield of about 5.86% relative to its recent price (as of Sep 7, 2026).
What growth is priced into SCOR SE (SCR)?
For today's price to be fair in a discounted-cash-flow model, SCOR SE would have to grow free cash flow by less than minus 40 % per year for ten years (discount rate 9.0 %, then 2 % perpetual growth). Over the last 5 years revenue grew +1.0 % per year. As of Sep 7, 2026.
What discount rate (WACC) does the fair value of SCR use?
Our models discount SCOR SE at 9.0 %: a base by market capitalisation (mid), damped by beta 0.52, country premium for France. The same rate applies in all 26 models.
What is the intrinsic value of SCOR SE (SCR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SCOR SE it is €43.22 per share (as of Sep 7, 2026), against a price of €32.28. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is SCOR SE stock overvalued or undervalued in 2026?
As of Sep 7, 2026, SCR trades below its calculated fair value: price €32.28, fair value €43.22, a gap of about +34% (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 SCR?
No. The price is what the market pays today (€32.28); the fair value is what the company's own numbers justify (€43.22). For SCOR SE the two are €10.94 per share apart. That gap is exactly why we show both numbers side by side.
How much is SCOR SE worth?
The market values SCOR SE at about €5.8B (market capitalisation, as of Sep 7, 2026). Per share that is €32.28; our models calculate a fair value of €43.22 per share.
What do the bullish and bearish scenarios say about SCR?
Our models span a range for SCOR SE: cautious scenario €32.41, base €43.22, optimistic €54.02 per share (as of Sep 7, 2026, price €32.28). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SCR?
SCOR SE trades at a price-to-earnings ratio of 6.9 (as of Sep 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €43.22 is built from several models across several years. Other multiples: PEG 0.4, P/B 1.5, P/S 0.4, EV/EBITDA 5.9.
What is the PEG ratio of SCR?
The PEG ratio of SCOR SE is 0.44 (P/E divided by earnings growth, as of Sep 7, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of SCOR SE (SCR)?
Balance-sheet figures for SCOR SE (as of Sep 7, 2026): return on equity 13.2%, debt of 0.78 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is SCR from its 52-week high?
SCOR SE trades at €32.28, about 2% below its 52-week high of €33.04 and 36% above the low of €23.68 (as of Sep 7, 2026). Distance from the high says nothing about value: that is what the fair value of €43.22 is for.
Which stocks are comparable to SCOR SE?
From the same area (Financial Services) we also value MUV2, Swiss Re AG, Hannover Rück SE, Reinsurance Group, 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 SCOR SE stock attractive at the current price?
The data as of Sep 7, 2026: price €32.28, calculated fair value €43.22 (+34%), Quality Score 66/100, from 6 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 SCR calculated?
We run SCOR SE through 6 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 €43.22, 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 32.6 % above its aggregate fair value. SCOR SE currently trades 34 % 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 <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
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