Zurich Insurance Group AG

OTCPK:ZFSV.F Stock Report

Market Cap: US$85.9b

Zurich Insurance Group Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: ZFSV.F ($585.44) is trading below our estimate of fair value ($1114.52)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ZFSV.F?

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

The above table shows the Price to Earnings ratio for ZFSV.F. This is calculated by dividing ZFSV.F's market cap by their current earnings.
What is ZFSV.F's PE Ratio?
PE Ratio17.6x
EarningsUS$4.89b
Market CapUS$85.94b

Price to Earnings Ratio vs Peers

How does ZFSV.F's PE Ratio compare to its peers?

The above table shows the PE ratio for ZFSV.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.3x
AIG American International Group
11.9x35.7%US$45.3b
AON Aon
31.8x14.3%US$77.5b
MMC Marsh & McLennan Companies
25.8x7.4%US$104.0b
HMN Horace Mann Educators
15.5x23.9%US$1.6b
ZFSV.F Zurich Insurance Group
17.6x11.0%US$76.7b

Price-To-Earnings vs Peers: ZFSV.F is good value based on its Price-To-Earnings Ratio (17.6x) compared to the peer average (21.3x).

Price to Earnings Ratio vs Industry

How does ZFSV.F's PE Ratio compare vs other companies in the US Insurance Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
UTGN UTG
1.9xn/aUS$88.57m
AORE.F American Overseas Group
2.1xn/aUS$16.44m
CUII China United Insurance Service
0.0003xn/aUS$3.13k
No more companies available in this PE range
ZFSV.F 17.6xIndustry Avg. 13.1xNo. of Companies14PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ZFSV.F is expensive based on its Price-To-Earnings Ratio (17.6x) compared to the US Insurance industry average (13.1x).

Price to Earnings Ratio vs Fair Ratio

What is ZFSV.F'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.

ZFSV.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.6x
Fair PE Ratio15x

Price-To-Earnings vs Fair Ratio: ZFSV.F is expensive based on its Price-To-Earnings Ratio (17.6x) compared to the estimated Fair Price-To-Earnings Ratio (15x).

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 ZFSV.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$585.44
US$596.63
+1.9%
9.4%US$674.13US$481.52n/a17
Dec ’25US$636.65
US$586.24
-7.9%
10.6%US$683.73US$488.38n/a17
Nov ’25US$593.42
US$563.76
-5.0%
9.2%US$666.21US$470.94n/a17
Oct ’25US$598.80
US$574.63
-4.0%
8.8%US$685.40US$484.51n/a17
Sep ’25US$568.32
US$560.75
-1.3%
7.3%US$623.38US$482.23n/a15
Aug ’25US$552.01
US$546.29
-1.0%
8.0%US$612.39US$469.31n/a15
Jul ’25US$531.25
US$525.48
-1.1%
8.2%US$595.55US$456.40n/a15
Jun ’25US$519.83
US$516.90
-0.6%
9.4%US$587.43US$410.09n/a15
May ’25US$484.06
US$503.06
+3.9%
9.3%US$575.54US$402.55n/a15
Apr ’25US$537.11
US$502.15
-6.5%
9.0%US$586.55US$410.25n/a15
Mar ’25US$526.20
US$507.60
-3.5%
9.3%US$598.93US$418.91n/a16
Feb ’25US$505.58
US$516.51
+2.2%
9.1%US$606.27US$431.38n/a16
Jan ’25US$512.00
US$532.42
+4.0%
8.5%US$618.25US$439.91n/a16
Dec ’24US$492.78
US$515.84
+4.7%
8.6%US$598.15US$425.61US$636.6516
Nov ’24US$482.35
US$490.80
+1.8%
9.7%US$572.80US$380.03US$593.4215
Oct ’24US$460.00
US$489.58
+6.4%
10.2%US$568.06US$376.89US$598.8016
Sep ’24US$465.05
US$508.06
+9.2%
9.9%US$586.94US$378.13US$568.3216
Aug ’24US$473.70
US$518.94
+9.6%
9.7%US$594.11US$382.74US$552.0116
Jul ’24US$465.08
US$519.51
+11.7%
9.3%US$581.00US$374.30US$531.2517
Jun ’24US$467.58
US$518.26
+10.8%
9.6%US$587.88US$369.70US$519.8317
May ’24US$481.00
US$525.09
+9.2%
9.3%US$584.02US$374.81US$484.0618
Apr ’24US$480.66
US$512.23
+6.6%
9.7%US$587.16US$366.21US$537.1117
Mar ’24US$472.00
US$504.20
+6.8%
9.8%US$587.85US$356.42US$526.2017
Feb ’24US$495.58
US$530.16
+7.0%
10.7%US$621.89US$368.64US$505.5817
Jan ’24US$475.00
US$529.04
+11.4%
10.0%US$605.67US$362.32US$512.0017
Dec ’23US$477.43
US$522.28
+9.4%
10.0%US$597.64US$368.19US$492.7816

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:25
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
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

Zurich Insurance Group AG is covered by 50 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dieter HeinAlphaValue
Daniel BischofBaader Helvea Equity Research
Marco CavalleriBanca Akros S.p.A. (ESN)