Question 1

What is Arthur J. Gallagher &'s P/FCF ratio?

Accepted Answer

Arthur J. Gallagher & (AJG) P/FCF ratio is 30.2× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Arthur J. Gallagher &?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Arthur J. Gallagher & specifically, the relevant sector benchmark is the current sector median of 11.1×.

Question 5

Is Arthur J. Gallagher &'s P/FCF ratio high or low?

Accepted Answer

Arthur J. Gallagher &'s P/FCF ratio of 30.2× is below its own 5-year average of 30.7× and above the sector median of 11.1×. That places the current reading at the 50th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Arthur J. Gallagher &'s historical P/FCF ratio range?

Accepted Answer

In the available daily series, Arthur J. Gallagher & (AJG) P/FCF ratio has ranged from a low of 9.5× in 2004 to a high of 49.6× in 2006. The 5-year average is 30.7× and the 5-year median is 27.4×.

Question 7

What was Arthur J. Gallagher &'s P/FCF ratio in 2025?

Accepted Answer

Arthur J. Gallagher & (AJG) P/FCF ratio at the end of 2025 was 37.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Arthur J. Gallagher &'s P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$67.37B	$1.78B	37.7×	+11.4×	Dec 31, 2025
2024	$64.27B	$2.44B	26.3×	-0.1×	Dec 31, 2024
2023	$48.65B	$1.84B	26.5×	-12.7×	Dec 31, 2023
2022	$39.86B	$1.02B	39.2×	+16.8×	Dec 31, 2022
2021	$35.26B	$1.58B	22.4×	+7.9×	Dec 31, 2021
2020	$23.86B	$1.65B	14.4×	-3.8×	Dec 31, 2020
2019	$17.84B	$980.40M	18.2×	-2.9×	Dec 31, 2019
2018	$13.55B	$640.70M	21.1×	+5.3×	Dec 31, 2018
2017	$11.46B	$725.00M	15.8×	-7.1×	Dec 31, 2017
2016	$9.26B	$404.30M	22.9×	+9.8×	Dec 31, 2016
2015	$7.24B	$553.60M	13.1×	-10.8×	Dec 31, 2015
2014	$7.66B	$320.80M	23.9×	-0.4×	Dec 31, 2014
2013	$6.21B	$256.30M	24.2×	+9.4×	Dec 31, 2013
2012	$4.33B	$292.00M	14.8×	-1.2×	Dec 31, 2012
2011	$3.89B	$243.10M	16.0×	+0.6×	Dec 31, 2011
2010	$3.18B	$206.40M	15.4×	+3.1×	Dec 31, 2010
2009	$2.31B	$188.00M	12.3×	-7.0×	Dec 31, 2009
2008	$2.48B	$128.60M	19.3×	+9.5×	Dec 31, 2008
2007	$2.07B	$211.60M	9.8×	-30.6×	Dec 31, 2007
2006	$2.90B	$71.70M	40.4×	+22.8×	Dec 31, 2006
2005	$2.93B	$166.00M	17.7×	+5.7×	Dec 31, 2005
2004	$2.96B	$248.20M	11.9×	-2.5×	Dec 31, 2004
2003	$2.94B	$203.70M	14.4×	-11.6×	Dec 31, 2003
2002	$2.71B	$104.25M	26.0×	-2.1×	Dec 31, 2002
2001	$2.98B	$105.99M	28.1×	—	Dec 31, 2001


Assurant (AIZ)	7.5×
Progressive (PGR)	7.1×
Cincinnati Financial (CINF)	7.1×
Alerus Financial (ALRS)	7.0×
Interactive Brokers (IBKR)	6.9×
Invesco (IVZ)	6.9×
American Financial Group (AFG)	6.8×
The Hartford (HIG)	6.5×
Commerce Bancshares (CBSH)	6.4×
Bank of America (BAC)	6.3×
Arch Capital Group (ACGL)	5.9×
JPMorgan Chase (JPM)	5.8×
Travelers Companies (TRV)	5.5×
Principal Financial Group (PFG)	5.5×
Everest Re Group (RE)	5.0×
Allstate (ALL)	4.7×
Everest Re Group (EG)	4.6×
Capital One Financial (COF)	3.9×
Prudential Financial (PRU)	3.5×
Mercury General (MCY)	3.4×
RenaissanceRe Holdings (RNR)	3.0×
MetLife (MET)	2.8×
Synchrony Financial (SYF)	2.4×
Atlantic Union Bankshares (AUB)	2.2×
StoneX Group (SNEX)	0.8×

P/FCF Ratio for Arthur J. Gallagher & (AJG)

P/FCF Ratio daily chart for Arthur J. Gallagher & (AJG)

Historical P/FCF Ratio for Arthur J. Gallagher & (AJG) from 2001 to 2025

About P/FCF Ratio at Arthur J. Gallagher & (AJG)

Arthur J. Gallagher & P/FCF Ratio by Year

Arthur J. Gallagher & P/FCF Ratio 2025: 37.7×

Arthur J. Gallagher & P/FCF Ratio 2024: 26.3×

Arthur J. Gallagher & P/FCF Ratio 2023: 26.5×

Arthur J. Gallagher & P/FCF Ratio 2022: 39.2×

Arthur J. Gallagher & P/FCF Ratio 2021: 22.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Arthur J. Gallagher & (AJG) Key Financials

P/FCF Ratio daily chart for Arthur J. Gallagher & (AJG)

Historical P/FCF Ratio for Arthur J. Gallagher & (AJG) from 2001 to 2025

About P/FCF Ratio at Arthur J. Gallagher & (AJG)

Arthur J. Gallagher & P/FCF Ratio by Year

Arthur J. Gallagher & P/FCF Ratio 2025: 37.7×

Arthur J. Gallagher & P/FCF Ratio 2024: 26.3×

Arthur J. Gallagher & P/FCF Ratio 2023: 26.5×

Arthur J. Gallagher & P/FCF Ratio 2022: 39.2×

Arthur J. Gallagher & P/FCF Ratio 2021: 22.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Arthur J. Gallagher &'s P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for Arthur J. Gallagher &?

+Is Arthur J. Gallagher &'s P/FCF ratio high or low?

+What is Arthur J. Gallagher &'s historical P/FCF ratio range?

+What was Arthur J. Gallagher &'s P/FCF ratio in 2025?

+Why does Arthur J. Gallagher &'s P/FCF ratio change over time?

Arthur J. Gallagher & (AJG) Key Financials