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Stock Comparison · Structural lead, mixed market

Hannover Rück vs Warner Bros. Discovery: Which Stock Looks Stronger in 2026?

Hannover Rück SE holds the cleaner structural position, with the lead spread across valuation and profitability. Warner Bros. Discovery does not offset that deficit through any equally strong structural edge elsewhere. In the market, Warner Bros. Discovery carries the stronger setup — intact trend against Hannover Rück SE's broken trend. That leaves a split case: the structural lead stays with Hannover Rück SE, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (HNR1.DE: STOXX 600, WBD: Nasdaq 100).

Updated 2026-05-17

The lead is spread across valuation and profitability, rather than sitting in one isolated gap. The overall score gap is 44 points in favour of Hannover Rück SE.

Trajectory Similarity
0.54
Loose match
Peer-set rank: #59
within Hannover Rück SE's functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

The pair still fits the compare framework, though the long-term structural overlap is relatively light.

The match is driven mainly by investment intensity and margin trend.

Similarity drivers
investment intensitymargin trend
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
HNR1.DE
Hannover Rück SE
61
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
WBD
Warner Bros. Discovery, Inc.
17
Peer-Score
Signal qualitylow
Peer basis: Nasdaq 100

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: HNR1.DE vs WBD Profitability 67 11 Stability 53 32 Valuation 79 8 Growth 34 22 HNR1.DE WBD
Gap Ranking
#1 Valuation +71
#2 Profitability +56
#3 Stability +21
#4 Growth +12
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for HNR1.DE and WBD Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer HNR1.DEWBD Relative valuation Structural strength

Hannover Rück SE looks stronger on relative valuation, while the broader price setup remains mixed.

Valuation position uses peer-relative PE percentile (idx_pct_pe) and peer-relative valuation score where available.

Entry today — historical context

Where HNR1.DE and WBD each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY HNR1.DE Elevated · below norm 0th 50th 100th 3 pct gap WBD Elevated · above norm 0th 50th 100th 79th 82nd
HNR1.DE (79th percentile) and WBD (82nd percentile) both sit in the upper portion of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Valuation
Hannover Rück SE ranks near the top of the group on valuation; Warner Bros. Discovery, Inc. sits in the weaker half.
Profitability
On profitability, the gap still runs the same way: Hannover Rück SE sits near the top of the group, while Warner Bros. Discovery, Inc. remains in the weaker half.
Valuation — Dominant Gap
HNR1.DE
79
WBD
8
Gap+71in favour of HNR1.DE

The multiple-based pricing edge comes from a forward P/E that is 1788 turns lower.

What keeps the gap from being one-sided

On the market side, Warner Bros. Discovery carries the stronger trend while Hannover Rück SE's trend has broken — the market setup does not confirm the structural advantage.

What this means for the comparison

The lead is built on both valuation and profitability, making it broader than a single-dimension result.

Explore full peer positioning in AssetNext

Break down the HNR1.DE vs WBD comparison across all dimensions with the full interactive tool.

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Similar valuation-and-profitability comparisons

Explore how HNR1.DE and WBD each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.