The Travelers Companies, Inc.

DB:PA9 Stock Report

Market Cap: €52.8b

Travelers Companies Valuation

Is PA9 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 PA9 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€611.17
Fair Value
61.5% undervalued intrinsic discount
21
Number of Analysts

Below Fair Value: PA9 (€235) is trading below our estimate of fair value (€611.17)

Significantly Below Fair Value: PA9 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PA9?

Key metric: As PA9 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PA9. This is calculated by dividing PA9's market cap by their current earnings.
What is PA9's PE Ratio?
PE Ratio12.1x
EarningsUS$4.51b
Market CapUS$54.38b

Price to Earnings Ratio vs Peers

How does PA9's PE Ratio compare to its peers?

The above table shows the PE ratio for PA9 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.2x
MUV2 Münchener Rückversicherungs-Gesellschaft in München
11.6x3.3%€66.3b
HNR1 Hannover Rück
13.6x7.1%€30.7b
TLX Talanx
11.2x5.3%€21.2b
ALV Allianz
12.5x6.5%€118.0b
PA9 Travelers Companies
12.1x2.9%€54.4b

Price-To-Earnings vs Peers: PA9 is good value based on its Price-To-Earnings Ratio (12.1x) compared to the peer average (12.2x).

Price to Earnings Ratio vs Industry

How does PA9's PE Ratio compare vs other companies in the European Insurance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
PA9 12.1xIndustry Avg. 12.2xNo. of Companies12PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PA9 is good value based on its Price-To-Earnings Ratio (12.1x) compared to the European Insurance industry average (12.2x).

Price to Earnings Ratio vs Fair Ratio

What is PA9'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.

PA9 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.1x
Fair PE Ratio10.7x

Price-To-Earnings vs Fair Ratio: PA9 is expensive based on its Price-To-Earnings Ratio (12.1x) compared to the estimated Fair Price-To-Earnings Ratio (10.7x).

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 PA9 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€235.00
€256.58
+9.2%
9.8%€301.66€207.27n/a21
Jan ’26€229.80
€253.39
+10.3%
9.9%€297.10€205.10n/a21
Dec ’25€252.00
€252.41
+0.2%
8.9%€295.74€204.16n/a21
Nov ’25€225.50
€242.92
+7.7%
8.9%€286.69€197.91n/a21
Oct ’25€209.00
€204.89
-2.0%
8.6%€257.31€176.34n/a22
Sep ’25€203.70
€202.77
-0.5%
6.8%€225.53€176.81n/a21
Aug ’25€199.50
€207.12
+3.8%
6.9%€231.25€181.30n/a21
Jul ’25€188.65
€212.12
+12.4%
6.8%€235.24€186.70n/a22
Jun ’25€194.80
€210.53
+8.1%
6.3%€232.27€186.18n/a22
May ’25€197.85
€213.00
+7.7%
6.4%€235.42€188.71n/a22
Apr ’25€210.80
€202.51
-3.9%
9.6%€241.95€162.78n/a23
Mar ’25€204.00
€200.35
-1.8%
9.5%€240.85€162.04n/a23
Feb ’25€194.95
€199.89
+2.5%
9.0%€228.60€162.52n/a23
Jan ’25€170.15
€174.11
+2.3%
8.4%€207.12€150.38€229.8022
Dec ’24€165.70
€179.76
+8.5%
8.4%€215.69€156.61€252.0020
Nov ’24€158.15
€179.76
+13.7%
8.4%€215.69€156.61€225.5020
Oct ’24€158.00
€176.81
+11.9%
8.1%€210.82€153.99€209.0019
Sep ’24€149.75
€176.81
+18.1%
8.1%€210.82€153.99€203.7019
Aug ’24€156.30
€174.38
+11.6%
8.1%€207.92€151.87€199.5019
Jul ’24€158.85
€179.51
+13.0%
7.3%€210.77€157.62€188.6518
Jun ’24€157.75
€183.89
+16.6%
7.4%€215.21€160.94€194.8017
May ’24€165.40
€178.77
+8.1%
7.6%€209.67€150.41€197.8518
Apr ’24€156.10
€182.28
+16.8%
7.0%€212.04€161.33€210.8018
Mar ’24€174.06
€180.59
+3.8%
6.9%€209.37€159.30€204.0018
Feb ’24€174.74
€180.59
+3.3%
6.9%€209.37€159.30€194.9518
Jan ’24€176.76
€173.99
-1.6%
6.6%€208.43€159.16€170.1517
Analyst Price Target
Consensus Narrative from 21 Analysts
€258.70
Fair Value
9.2% undervalued intrinsic discount
21
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/20 10:42
End of Day Share Price 2025/01/17 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

The Travelers Companies, Inc. is covered by 48 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jacob KilsteinArgus Research Company
Ishan MajumdarBaptista Research
Alex ScottBarclays