Tryg A/S

DB:T2V1 Stock Report

Market Cap: €12.9b

Tryg Valuation

Is T2V1 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 Future Cash Flow Value

What is the Fair Price of T2V1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Fair Value: T2V1 (€21.14) is trading below our estimate of fair value (€31.58)

Significantly Below Fair Value: T2V1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for T2V1?

Key metric: As T2V1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for T2V1. This is calculated by dividing T2V1's market cap by their current earnings.
What is T2V1's PE Ratio?
PE Ratio19.9x
EarningsDKK 4.85b
Market CapDKK 96.57b

Price to Earnings Ratio vs Peers

How does T2V1's PE Ratio compare to its peers?

The above table shows the PE ratio for T2V1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.3x
TLX Talanx
12.1x7.60%€28.4b
HNR1 Hannover Rück
11.9x6.25%€29.6b
MUV2 Münchener Rückversicherungs-Gesellschaft in München
10.8x1.19%€67.4b
WUW Wüstenrot & Württembergische
10.1x15.16%€1.4b
T2V1 Tryg
19.9x4.44%€96.6b

Price-To-Earnings vs Peers: T2V1 is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the peer average (11.3x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does T2V1's PE Ratio compare vs other companies in the European Insurance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
T2V1 19.9xIndustry Avg. 13.8xNo. of Companies15PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: T2V1 is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the European Insurance industry average (13.7x).

Price to Earnings Ratio vs Fair Ratio

What is T2V1'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.

T2V1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.9x
Fair PE Ratio11.3x

Price-To-Earnings vs Fair Ratio: T2V1 is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the estimated Fair Price-To-Earnings Ratio (11.3x).

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 T2V1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€21.14
€22.97
+8.64%
6.87%€25.43€20.44n/a13
Jan ’27€22.06
€23.32
+5.73%
7.31%€25.44€20.35n/a13
Dec ’26€21.18
€23.27
+9.88%
7.43%€25.43€20.35n/a13
Nov ’26€21.50
€23.39
+8.81%
6.83%€25.44€20.35n/a12
Oct ’26€21.54
€23.34
+8.36%
6.37%€25.44€20.35n/a12
Sep ’26€22.46
€23.43
+4.34%
6.39%€25.44€20.35n/a12
Aug ’26€20.92
€23.43
+12.02%
6.39%€25.44€20.35n/a12
Jul ’26€21.96
€23.29
+6.06%
6.00%€25.20€20.38n/a12
Jun ’26€22.56
€23.35
+3.51%
5.98%€25.46€20.36n/a13
May ’26€20.50
€23.46
+14.43%
5.89%€25.46€20.36n/a11
Apr ’26€22.04
€23.95
+8.66%
4.01%€25.47€22.52n/a11
Mar ’26€20.82
€23.81
+14.37%
4.04%€25.46€22.25n/a11
Feb ’26€19.56
€23.75
+21.40%
3.47%€25.06€22.24n/a11
Jan ’26€20.36
€24.17
+18.72%
2.54%€25.08€22.93€22.0611
Dec ’25€21.68
€24.37
+12.43%
4.18%€27.07€22.92€21.1811
Nov ’25€21.56
€24.23
+12.39%
4.60%€26.81€21.72€21.5011
Oct ’25€21.22
€23.84
+12.33%
4.98%€26.81€21.72€21.5412
Sep ’25€19.72
€23.83
+20.85%
4.57%€26.14€21.71€22.4612
Aug ’25€20.14
€23.83
+18.33%
4.57%€26.14€21.71€20.9212
Jul ’25€20.50
€23.39
+14.08%
6.35%€26.15€21.32€21.9612
Jun ’25€18.84
€23.38
+24.08%
6.20%€26.14€21.31€22.5612
May ’25€18.56
€23.38
+25.96%
6.20%€26.14€21.31€20.5012
Apr ’25€19.05
€23.59
+23.89%
6.96%€27.51€21.47€22.0412
Mar ’25€19.61
€23.71
+20.89%
7.26%€27.51€21.47€20.8212
Feb ’25€19.70
€23.57
+19.65%
7.38%€27.50€21.47€19.5612
Jan ’25€19.62
€23.16
+18.06%
8.96%€27.50€20.00€20.3612
€22.63
Fair Value
6.6% undervalued intrinsic discount
13
Number of Analysts

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/14 08:37
End of Day Share Price 2026/01/14 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Tryg A/S is covered by 29 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Claudia GaspariBarclays
Alessia MagniBarclays