Tryg A/S

WBAG:TRYG Stock Report

Market Cap: €13.4b

Tryg Valuation

Is TRYG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TRYG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TRYG (€21.8) is trading below our estimate of fair value (€33.65)

Significantly Below Fair Value: TRYG is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TRYG?

Key metric: As TRYG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TRYG. This is calculated by dividing TRYG's market cap by their current earnings.
What is TRYG's PE Ratio?
PE Ratio19.7x
EarningsDKK 5.08b
Market CapDKK 100.00b

Price to Earnings Ratio vs Peers

How does TRYG's PE Ratio compare to its peers?

The above table shows the PE ratio for TRYG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.6x
VIG Vienna Insurance Group
6.7x8.6%€3.8b
UQA UNIQA Insurance Group
7x2.1%€2.2b
IAG Insurance Australia Group
22.3x5.5%AU$19.3b
CNA CNA Financial
10.4x15.8%US$13.5b
TRYG Tryg
19.7x4.2%€100.0b

Price-To-Earnings vs Peers: TRYG is expensive based on its Price-To-Earnings Ratio (19.7x) compared to the peer average (11.4x).

Price to Earnings Ratio vs Industry

How does TRYG's PE Ratio compare vs other companies in the European Insurance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
TRYG 19.7xIndustry Avg. 11.8xNo. of Companies13PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TRYG is expensive based on its Price-To-Earnings Ratio (19.7x) compared to the European Insurance industry average (12.1x).

Price to Earnings Ratio vs Fair Ratio

What is TRYG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TRYG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.7x
Fair PE Ratio6.3x

Price-To-Earnings vs Fair Ratio: TRYG is expensive based on its Price-To-Earnings Ratio (19.7x) compared to the estimated Fair Price-To-Earnings Ratio (6.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TRYG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€21.80
€24.37
+11.8%
4.2%€27.07€22.92n/a11
Nov ’25€21.94
€24.23
+10.4%
4.6%€26.81€21.72n/a11
Oct ’25€21.36
€23.84
+11.6%
5.0%€26.81€21.72n/a12
Sep ’25€20.20
€23.83
+18.0%
4.6%€26.14€21.71n/a12
Aug ’25€20.10
€23.83
+18.6%
4.6%€26.14€21.71n/a12
Jul ’25€20.58
€23.39
+13.6%
6.3%€26.15€21.32n/a12
Jun ’25€18.92
€23.38
+23.6%
6.2%€26.14€21.31n/a12
May ’25€18.49
€23.38
+26.4%
6.2%€26.14€21.31n/a12
Apr ’25€19.10
€23.59
+23.5%
7.0%€27.51€21.47n/a12
Mar ’25€19.77
€23.71
+19.9%
7.3%€27.51€21.47n/a12
Feb ’25€19.58
€23.57
+20.4%
7.4%€27.50€21.47n/a12
Jan ’25€19.71
€23.16
+17.5%
9.0%€27.50€20.00n/a12
Dec ’24€19.90
€23.19
+16.5%
8.9%€27.51€20.01n/a12
Nov ’24€18.68
€23.15
+23.9%
8.2%€26.81€19.99€21.9412
Oct ’24€17.36
€22.91
+32.0%
9.5%€26.54€19.10€21.3612
Sep ’24€17.55
€22.85
+30.2%
9.0%€25.76€19.12€20.2012
Aug ’24€17.93
€23.04
+28.5%
7.8%€25.76€20.19€20.1012
Jul ’24€19.86
€24.06
+21.2%
8.6%€26.86€21.21€20.5812
Jun ’24€21.12
€24.19
+14.5%
8.3%€26.86€21.21€18.9212
May ’24€21.42
€24.22
+13.1%
8.3%€26.83€21.19€18.4912
Apr ’24€20.13
€24.49
+21.7%
7.4%€26.84€20.80€19.1012
Mar ’24€20.83
€24.94
+19.8%
7.8%€28.08€20.83€19.7712
Feb ’24€21.38
€24.94
+16.7%
7.8%€28.08€20.83€19.5812
Jan ’24€22.36
€24.59
+10.0%
8.5%€28.09€20.83€19.7112
Dec ’23€22.75
€24.94
+9.6%
7.4%€28.09€21.51€19.9011
Nov ’23€21.93
€24.68
+12.5%
7.9%€27.97€21.52€18.6812

Analyst Forecast: Target price is less than 20% higher than the current share price.

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