Question 1

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

Accepted Answer

Arthur J. Gallagher & (AJG) P/B ratio is 2.4× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

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

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Arthur J. Gallagher & specifically, the relevant sector benchmark is the current sector median of 1.7×.

Question 5

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

Accepted Answer

Arthur J. Gallagher &'s P/B ratio of 2.4× is below its own 5-year average of 4.0× and above the sector median of 1.7×. That places the current reading at the 3th 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/B ratio range?

Accepted Answer

In the available daily series, Arthur J. Gallagher & (AJG) P/B ratio has ranged from a low of 2.0× in 2015 to a high of 8.0× in 2001. The 5-year average is 4.0× and the 5-year median is 4.1×.

Question 7

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

Accepted Answer

Arthur J. Gallagher & (AJG) P/B ratio at the end of 2025 was 2.9×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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	$23.32B	2.9×	-0.3×	Dec 31, 2025
2024	$64.27B	$20.15B	3.2×	-1.3×	Dec 31, 2024
2023	$48.65B	$10.78B	4.5×	+0.2×	Dec 31, 2023
2022	$39.86B	$9.14B	4.4×	+0.2×	Dec 31, 2022
2021	$35.26B	$8.51B	4.1×	+0.3×	Dec 31, 2021
2020	$23.86B	$6.19B	3.9×	+0.4×	Dec 31, 2020
2019	$17.84B	$5.16B	3.5×	+0.4×	Dec 31, 2019
2018	$13.55B	$4.50B	3.0×	+0.2×	Dec 31, 2018
2017	$11.46B	$4.11B	2.8×	+0.2×	Dec 31, 2017
2016	$9.26B	$3.60B	2.6×	+0.6×	Dec 31, 2016
2015	$7.24B	$3.64B	2.0×	-0.4×	Dec 31, 2015
2014	$7.66B	$3.23B	2.4×	-0.6×	Dec 31, 2014
2013	$6.21B	$2.09B	3.0×	+0.4×	Dec 31, 2013
2012	$4.33B	$1.66B	2.6×	-0.5×	Dec 31, 2012
2011	$3.89B	$1.24B	3.1×	+0.3×	Dec 31, 2011
2010	$3.18B	$1.11B	2.9×	+0.3×	Dec 31, 2010
2009	$2.31B	$892.90M	2.6×	-0.8×	Dec 31, 2009
2008	$2.48B	$738.50M	3.4×	+0.5×	Dec 31, 2008
2007	$2.07B	$715.50M	2.9×	-0.5×	Dec 31, 2007
2006	$2.90B	$864.10M	3.4×	-0.5×	Dec 31, 2006
2005	$2.93B	$769.10M	3.8×	-0.1×	Dec 31, 2005
2004	$2.96B	$761.00M	3.9×	-0.9×	Dec 31, 2004
2003	$2.94B	$619.10M	4.7×	-0.4×	Dec 31, 2003
2002	$2.71B	$528.15M	5.1×	-2.9×	Dec 31, 2002
2001	$2.98B	$371.61M	8.0×	—	Dec 31, 2001


UMB Financial (UMBF)	1.1×
RenaissanceRe Holdings (RNR)	1.1×
KeyCorp (KEY)	1.1×
Southside Bancshares (SBSI)	1.1×
Prudential Financial (PRU)	1.1×
United Bankshares (UBSI)	1.1×
Alerus Financial (ALRS)	1.0×
Capital One Financial (COF)	1.0×
Franklin Resources (BEN)	1.0×
Atlantic Union Bankshares (AUB)	1.0×
American International Group (AIG)	1.0×
Eagle Financial Services (EFSI)	1.0×
Everest Re Group (RE)	1.0×
Citizens Financial Group (CFG)	1.0×
Citigroup (C)	0.9×
Ares Capital (ARCC)	0.9×
Huntington Bancshares (HBAN)	0.9×
Auburn National Bancorporation (AUBN)	0.9×
Invesco (IVZ)	0.9×
Truist Financial (TFC)	0.9×
Everest Re Group (EG)	0.9×
PSB Holdings (PSBQ)	0.8×
Ally Financial (ALLY)	0.8×
Global Payments (GPN)	0.7×
Assured Guaranty (AGO)	0.7×

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

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

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

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

Arthur J. Gallagher & P/B Ratio by Year

Arthur J. Gallagher & P/B Ratio 2025: 2.9×

Arthur J. Gallagher & P/B Ratio 2024: 3.2×

Arthur J. Gallagher & P/B Ratio 2023: 4.5×

Arthur J. Gallagher & P/B Ratio 2022: 4.4×

Arthur J. Gallagher & P/B Ratio 2021: 4.1×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Arthur J. Gallagher & (AJG) Key Financials

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

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

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

Arthur J. Gallagher & P/B Ratio by Year

Arthur J. Gallagher & P/B Ratio 2025: 2.9×

Arthur J. Gallagher & P/B Ratio 2024: 3.2×

Arthur J. Gallagher & P/B Ratio 2023: 4.5×

Arthur J. Gallagher & P/B Ratio 2022: 4.4×

Arthur J. Gallagher & P/B Ratio 2021: 4.1×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

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

+How is the P/B ratio calculated?

+What is the P/B ratio?

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

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

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

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

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

Arthur J. Gallagher & (AJG) Key Financials