US · MRSH
Marsh & McLennan Companies, Inc.
- Sector
- Financial Services · Insurance - Brokers
- Headquarters
- New York City, NY 10036-2774
- Website
- marsh.com
Price · as of 2025-12-31
$166.18
Market cap 91.49B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $192.95 | +16.11% |
| Intrinsic Value(DCF) | $96.66 | -41.83% |
| Graham-Dodd Method(GD) | — | — |
| Graham Formula(GF) | $154.43 | -7.07% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $24.81 | $53.00 | $4.44 | $0.00 | $31.02 |
| 2012 | $29.23 | $55.72 | $5.98 | $0.00 | $24.61 |
| 2013 | $40.11 | $62.66 | $5.45 | $0.00 | $26.72 |
| 2014 | $46.38 | $71.35 | $6.89 | $0.00 | $36.25 |
| 2015 | $49.64 | $71.50 | $6.56 | $0.00 | $23.33 |
| 2016 | $63.54 | $79.50 | $7.11 | $0.00 | $35.52 |
| 2017 | $75.44 | $87.65 | $11.98 | $0.00 | $40.89 |
| 2018 | $80.25 | $92.25 | $10.63 | $0.00 | $47.10 |
| 2019 | $96.36 | $100.91 | $0.14 | $0.00 | $65.53 |
| 2020 | $109.41 | $95.45 | $0.32 | $0.00 | $45.35 |
| 2021 | $140.83 | $127.04 | $26.46 | $0.00 | $139.35 |
| 2022 | $150.08 | $133.18 | $14.15 | $0.00 | $76.59 |
| 2023 | $198.72 | $169.11 | $55.17 | $0.00 | $133.09 |
| 2024 | $231.48 | $205.19 | $34.94 | $0.00 | $127.08 |
| 2025 | $186.43 | $192.95 | $43.09 | $0.00 | $154.43 |
AI valuation
Our deep-learning model estimates Marsh & McLennan Companies, Inc.'s (MRSH) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $192.95
- Current price
- $166.18
- AI upside
- +16.11%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$96.66
-41.83% upside
Graham-Dodd
—
— upside
Graham Formula
$154.43
-7.07% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| MRSH | Marsh & McLennan Companie… | $166.18 | 91.49B | +16% | -42% | — | -7% | 21.44 | 6.01 | 3.37 | 14.81 | 701.63 | -6.49 | 42.27% | 23.06% | 15.42% | 29.77% | 14.27% | 7.35% | 1.42 | 6.48 | 1.10 | 0.49 | 2.54 | 306.00% | 1032.00% | 2546.00% | 5.51% | 0.25 | 15.00% | 1.87% | 40.10% | 4.86% | 17.60 | 21.91 | 4.06 | 2.77 |
| AJG | Arthur J. Gallagher & Co. | $228.20 | 58.67B | -18% | +18% | -86% | -30% | 39.95 | 2.56 | 4.28 | 19.75 | — | -6.00 | 54.75% | 18.28% | 10.72% | 6.87% | 7.50% | 2.21% | 0.60 | 3.99 | 1.06 | 0.20 | 3.44 | -1194.00% | 2066.00% | -10000.00% | 0.00% | 0.00 | 0.00% | 0.00% | 0.00% | 0.00% | 28.36 | — | 5.19 | 1.22 |
| AON | Aon plc | $335.47 | 72.1B | -21% | -39% | -96% | -12% | 19.66 | 7.77 | 4.23 | 16.15 | 54.22 | -5.97 | 47.70% | 25.28% | 21.51% | 47.76% | 19.30% | 7.41% | 1.77 | 5.33 | 1.11 | 0.30 | 2.87 | 3627.00% | 945.00% | 1424.00% | 4.43% | 0.15 | 18.14% | 0.87% | 17.00% | 4.27% | 19.89 | 26.85 | 5.03 | 1.73 |
| BRO | Brown & Brown, Inc. | $71.82 | 24.52B | +42% | +35% | — | +59% | 21.02 | 1.79 | 3.77 | 14.38 | — | -3.01 | 87.68% | 28.46% | 17.70% | 11.24% | 9.04% | 4.48% | 0.63 | 5.71 | 1.04 | 0.56 | 3.36 | -867.00% | 2659.00% | 2656.00% | 6.16% | 0.17 | 9.47% | 0.86% | 18.20% | 1.31% | 17.27 | 21.18 | 4.91 | 1.50 |
| CB | Chubb Limited | $340.86 | 134.15B | -33% | +24% | -7% | +7% | 13.18 | 1.84 | 2.28 | 13.24 | 98.75 | 2.87 | 46.22% | 38.90% | 17.30% | 14.97% | 33.88% | 3.97% | 0.00 | 30.34 | — | — | -0.25 | 1335.00% | 611.00% | -2080.00% | 9.43% | — | 23.01% | 0.00% | 0.00% | 11.38% | 5.76 | 10.41 | 2.24 | 0.92 |
| ERIE | Erie Indemnity Company | $269.44 | 12.45B | -18% | -40% | -90% | -33% | 22.21 | 5.44 | 3.05 | 15.29 | — | 5.44 | 15.76% | 17.69% | 13.75% | 26.19% | 31.65% | 17.92% | 0.00 | — | 1.27 | 1.18 | -0.44 | -749.00% | 717.00% | 1738.00% | 4.60% | 0.73 | 31.91% | 2.05% | 45.50% | 2.68% | 16.74 | 21.09 | 2.96 | 10.41 |
| NTRS | Northern Trust Corporatio… | $143.09 | 27.06B | -13% | +44% | -55% | — | 15.68 | 2.10 | 1.90 | -6.26 | — | 2.22 | 56.54% | 16.30% | 12.15% | 13.49% | -5.57% | 1.04% | 1.27 | 0.38 | 0.41 | 0.41 | -13.90 | -1054.00% | -993.00% | -54933.00% | 20.32% | 0.04 | -17.81% | 2.17% | 34.10% | 58.34% | -8.63 | -3.64 | -1.41 | -0.30 |
| PGR | The Progressive Corporati… | $213.66 | 125.29B | -23% | -42% | -54% | +94% | 18.15 | 6.01 | 2.04 | 7.51 | 15.27 | 6.58 | 27.74% | 14.22% | 11.26% | 36.98% | -21.55% | 8.72% | 0.27 | 38.40 | — | — | 0.60 | 11884.00% | 2136.00% | 4275.00% | 9.64% | — | -37.70% | 0.44% | 8.00% | 0.89% | 7.90 | 5.71 | 1.12 | 2.78 |
| WTW | Willis Towers Watson Publ… | $305.17 | 29.22B | -23% | -52% | -94% | -68% | 18.48 | 3.74 | 3.07 | 12.55 | — | -14.17 | 42.06% | 23.01% | 16.53% | 20.27% | 15.73% | 5.64% | 0.87 | 8.59 | 1.20 | 0.42 | 1.41 | -179375.00% | -224.00% | 2202.00% | 5.19% | 0.13 | 13.03% | 1.20% | 22.20% | 7.64% | 15.03 | 21.72 | 3.46 | 1.51 |
About Marsh & McLennan Companies, Inc.
Marsh & McLennan Cos., Inc. is a professional services firm, which offers clients advice and solutions in risk, strategy and people. The company is headquartered in New York, New York and currently employs 65,000 full-time employees. The firm is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource and investment related financial advice and services, and Oliver Wyman Group, the management and economic consultancy. The company conducts business through two segments: Risk and Insurance Services, which includes risk management activities, as well as insurance and reinsurance broking and services, and Consulting includes health, retirement, talent and investments consulting services and products, and specialized management, economic and brand consulting services. The company conducts business in the Risk and Insurance Services segment through Marsh and Guy Carpenter. The company conducts business in the Consulting segment through Mercer and Oliver Wyman Group.
- CEO
- John Quinlan Doyle
- Employees
- 90K
- Beta
- 0.74
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($96.66 ÷ $166.18) − 1 = -41.83% (DCF, example).