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Nürnberger

GER:NBG6 · DE0008435967
InsuranceMedium

360

3
Profit price12
Owner Earnings Yield100
Dividend Yield27
Price/Sales95
EV / Gross Profit85
Price/Book75
Returns on capital100
Profit margins3
Cash Conversion8
Accruals67
Owner Earnings Margin82
Sales growth77
Profit Growth98
Owner Earnings Growth98
Reinvestment34
Price momentum98
Debt load88
Debt serviceability4
Liquidity8
Analyst ratings11
Opinion Changes99
Price Target Upside6
Market mood1
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Nürnberger clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryGermany
IndustryInsurance
SizeMedium
TypePublic Company
ExchangeXTRA
Employees951
Websitenuernberger.de
ISINDE0008435967
Last UpdateApr 2, 2026

Description

Analysis

Story stock

NÜRNBERGER Beteiligungs-AG is a story stock: the narrative is ambitious and the price reflects it, but the underlying numbers are weak.

The price is attractive. You pay 2.4× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.

The trajectory is solid and the balance sheet is stretched. The company scores 12/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
63
2023202420252026

All-time high

63

Mar 2026

All-time low

51

Jan 2023

Average rank

60

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
95
100
100
97
Price/Earnings
12
67
56
50
Price/Book
75
97
86
69
Dividend Yield
27
53
36
25
Value (overall)
52
89
77
63

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →