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RenaissanceRe Holdings (RenaissanceRe Holdings) Cyclically Adjusted Price-to-FCF : 6.45 (As of Jun. 08, 2024)


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What is RenaissanceRe Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), RenaissanceRe Holdings's current share price is $227.94. RenaissanceRe Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $35.35. RenaissanceRe Holdings's Cyclically Adjusted Price-to-FCF for today is 6.45.

The historical rank and industry rank for RenaissanceRe Holdings's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

RNR' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.33   Med: 9.15   Max: 12.58
Current: 6.45

During the past years, RenaissanceRe Holdings's highest Cyclically Adjusted Price-to-FCF was 12.58. The lowest was 4.33. And the median was 9.15.

RNR's Cyclically Adjusted Price-to-FCF is ranked better than
67.89% of 327 companies
in the Insurance industry
Industry Median: 10.97 vs RNR: 6.45

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

RenaissanceRe Holdings's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $13.187. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $35.35 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


RenaissanceRe Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for RenaissanceRe Holdings's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

RenaissanceRe Holdings Cyclically Adjusted Price-to-FCF Chart

RenaissanceRe Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.86 7.11 6.21 5.96 5.84

RenaissanceRe Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.24 5.70 5.84 5.84 6.65

Competitive Comparison of RenaissanceRe Holdings's Cyclically Adjusted Price-to-FCF

For the Insurance - Reinsurance subindustry, RenaissanceRe Holdings's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


RenaissanceRe Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, RenaissanceRe Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where RenaissanceRe Holdings's Cyclically Adjusted Price-to-FCF falls into.



RenaissanceRe Holdings Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

RenaissanceRe Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=227.94/35.35
=6.45

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

RenaissanceRe Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, RenaissanceRe Holdings's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=13.187/131.7762*131.7762
=13.187

Current CPI (Mar. 2024) = 131.7762.

RenaissanceRe Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 3.138 100.560 4.112
201409 5.579 100.428 7.320
201412 7.008 99.070 9.322
201503 -2.964 99.621 -3.921
201506 1.954 100.684 2.557
201509 4.264 100.392 5.597
201512 6.041 99.792 7.977
201603 -0.038 100.470 -0.050
201606 3.029 101.688 3.925
201609 6.263 101.861 8.102
201612 2.565 101.863 3.318
201703 4.949 102.862 6.340
201706 2.998 103.349 3.823
201709 7.089 104.136 8.971
201712 10.742 104.011 13.610
201803 -0.943 105.290 -1.180
201806 9.746 106.317 12.080
201809 13.609 106.507 16.838
201812 8.301 105.998 10.320
201903 8.960 107.251 11.009
201906 9.348 108.070 11.399
201909 11.036 108.329 13.425
201912 20.039 108.420 24.356
202003 10.945 108.902 13.244
202006 8.477 108.767 10.270
202009 9.439 109.815 11.327
202012 13.229 109.897 15.863
202103 4.166 111.754 4.912
202106 2.667 114.631 3.066
202109 10.097 115.734 11.497
202112 9.681 117.630 10.845
202203 3.880 121.301 4.215
202206 2.338 125.017 2.464
202209 14.037 125.227 14.771
202212 17.132 125.222 18.029
202303 10.131 127.348 10.483
202306 4.152 128.729 4.250
202309 15.339 129.860 15.565
202312 10.034 129.419 10.217
202403 13.187 131.776 13.187

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


RenaissanceRe Holdings  (NYSE:RNR) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


RenaissanceRe Holdings Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of RenaissanceRe Holdings's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


RenaissanceRe Holdings (RenaissanceRe Holdings) Business Description

Traded in Other Exchanges
Address
12 Crow Lane, Renaissance House, Pembroke, BMU, HM 19
RenaissanceRe Holdings Ltd provides reinsurance and insurance solutions and related services. The company's core products include property, casualty, specialty reinsurance, and certain insurance products. Revenue is derived from three sources: net premiums earned from the insurance and insurance products sold; net investment income from the investment of capital funds and cash; and other income from the company's joint ventures, advisory services, and other items. The reportable segments of the company are the Property segment which includes catastrophe and other property reinsurance, and the Casualty and Specialty segment which is comprised of casualty and specialty reinsurance. It derives a majority of its revenue from the Casualty and specialty segment.
Executives
David E Marra officer: EVP,Chief Underwriting Officer RENAISSANCE HOUSE, 12 CROW LANE, PEMBROKE D0 HM 19
Robert Qutub officer: EVP, Chief Financial Officer RENAISSANCE HOUSE, 12 CROW LANE, PEMBROKE D0 HM 19
Kevin Odonnell officer: SVP--Property Catastrophe RENAISSANCE HOUSE, 8-12 EAST BROADWAY, PEMBROKE D0 HM19
Torsten Jeworrek director RENAISSANCE HOUSE, 12 CROW LANE, PEMBROKE D0 HM 19
Carol P Sanders director PO BOX 2568, MADISON WI 53701-2568
Sean G Brosnan officer: SVP, Chief Investment Officer RENAISSANCE HOUSE, 12 CROW LANE, PEMBROKE D0 HM 19
Gray Brian Gerald John director 1081 NORTH WASEOSA LAKE ROAD, HUNTSVILLE A6 P1H 2J4
David C Bushnell director 11730 HULL STREET ROAD, MIDLOTHIAN VA 23112
Shyam H Gidumal director 2325 PALOS VERDES DRIVE WEST SUITE 211, PALOS VERDES ESTATES CA 90274
Henry Iii Klehm director RENAISSANCE HOUSE, 8-20 EAST BROADWAY, PEMBROKE D0 HM19
James Christopher Fraser officer: SVP, Chief Accounting Officer RENAISSANCE HOUSE, 12 CROW LANE, PEMBROKE D0 HM 19
Ross Curtis officer: SVP,Chief Underwriting Officer RENAISSANCE HOUSE, 12 CROW LANE, PEMBROKE D0 HM 19
Ian D Branagan officer: SVP, Chief Risk Officer RENAISSANCE HOUSE, 8-20 EAST BROADWAY, PEMBROKE D0 HM 19
Shannon Lowry Bender officer: SVP, General Counsel & Secty 12 CROW LANE, PEMBROKE D0 HM 19
Aditya Dutt officer: President, Ventures RENAISSANCE HOUSE, 12 CROW LANE, PEMBROKE D0 HM 19