Question 1

What is Marsh & McLennan Companies's P/E ratio?

Accepted Answer

Marsh & McLennan Companies (MRSH) P/E ratio is 20.5× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Marsh & McLennan Companies?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Marsh & McLennan Companies specifically, the relevant sector benchmark is the current sector median of 12.8×.

Question 5

Is Marsh & McLennan Companies's P/E ratio high or low?

Accepted Answer

Marsh & McLennan Companies's P/E ratio of 20.5× is below its own 5-year average of 25.8× and above the sector median of 12.8×. 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 Marsh & McLennan Companies's historical P/E ratio range?

Accepted Answer

In the available daily series, Marsh & McLennan Companies (MRSH) P/E ratio has ranged from a low of 5.3× in 2007 to a high of 191.1× in 2009. The 5-year average is 25.8× and the 5-year median is 25.9×.

Question 7

What was Marsh & McLennan Companies's P/E ratio in 2025?

Accepted Answer

Marsh & McLennan Companies (MRSH) P/E ratio at the end of 2025 was 21.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Marsh & McLennan Companies's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$90.35B	$4.16B	21.7×	-4.0×	Dec 31, 2025
2024	$104.51B	$4.06B	25.7×	+0.9×	Dec 31, 2024
2023	$93.41B	$3.76B	24.9×	-2.0×	Dec 31, 2023
2022	$82.08B	$3.05B	26.9×	-1.0×	Dec 31, 2022
2021	$87.61B	$3.14B	27.9×	-1.6×	Dec 31, 2021
2020	$59.32B	$2.02B	29.4×	-2.8×	Dec 31, 2020
2019	$56.15B	$1.74B	32.2×	+7.9×	Dec 31, 2019
2018	$40.19B	$1.65B	24.4×	-3.5×	Dec 31, 2018
2017	$41.51B	$1.49B	27.8×	+8.1×	Dec 31, 2017
2016	$34.81B	$1.77B	19.7×	+1.6×	Dec 31, 2016
2015	$28.94B	$1.60B	18.1×	-3.0×	Dec 31, 2015
2014	$30.97B	$1.47B	21.1×	+1.6×	Dec 31, 2014
2013	$26.50B	$1.36B	19.5×	+3.6×	Dec 31, 2013
2012	$18.79B	$1.18B	16.0×	-1.2×	Dec 31, 2012
2011	$17.04B	$993.00M	17.2×	-0.2×	Dec 31, 2011
2010	$14.85B	$855.00M	17.4×	-33.7×	Dec 31, 2010
2009	$11.59B	$227.00M	51.1×	—	Dec 31, 2009
2008	$12.47B	−$73.00M	—	—	Dec 31, 2008
2007	$13.74B	$2.48B	5.6×	-11.5×	Dec 31, 2007
2006	$16.83B	$990.00M	17.0×	-25.6×	Dec 31, 2006
2005	$17.37B	$408.00M	42.6×	-56.7×	Dec 31, 2005
2004	$17.47B	$176.00M	99.3×	+82.9×	Dec 31, 2004
2003	$25.14B	$1.54B	16.3×	-1.8×	Dec 31, 2003
2002	$24.77B	$1.36B	18.1×	-12.0×	Dec 31, 2002
2001	$29.39B	$974.00M	30.2×	—	Dec 31, 2001


Globe Life (GL-PD)	9.7×
UMB Financial (UMBF)	9.7×
T. Rowe Price (TROW)	9.6×
Everest Re Group (RE)	9.6×
Old Republic International (ORI)	9.5×
First Financial (THFF)	9.3×
Globe Life (GL)	9.3×
The Hartford (HIG)	9.3×
Assured Guaranty (AGO)	8.9×
Cincinnati Financial (CINF)	8.8×
Federal Agricultural Mortgage (AGM)	8.8×
Ally Financial (ALLY)	8.7×
Travelers Companies (TRV)	8.3×
PayPal (PYPL)	8.2×
Farmers & Merchants Bancorp (FMCB)	8.0×
Chesapeake Financial Shares (CPKF)	7.6×
PSB Holdings (PSBQ)	7.5×
Arch Capital Group (ACGL)	7.1×
AXIS Capital Holdings (AXS)	7.0×
Tompkins Financial (TMP)	6.7×
Everest Re Group (EG)	6.5×
Synchrony Financial (SYF)	6.5×
Mercury General (MCY)	5.8×
RenaissanceRe Holdings (RNR)	4.5×
Allstate (ALL)	4.4×

P/E Ratio for Marsh & McLennan Companies (MRSH)

P/E Ratio daily chart for Marsh & McLennan Companies (MRSH)

Historical P/E Ratio for Marsh & McLennan Companies (MRSH) from 2001 to 2025

About P/E Ratio at Marsh & McLennan Companies (MRSH)

Marsh & McLennan Companies P/E Ratio by Year

Marsh & McLennan Companies P/E Ratio 2025: 21.7×

Marsh & McLennan Companies P/E Ratio 2024: 25.7×

Marsh & McLennan Companies P/E Ratio 2023: 24.9×

Marsh & McLennan Companies P/E Ratio 2022: 26.9×

Marsh & McLennan Companies P/E Ratio 2021: 27.9×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Marsh & McLennan Companies (MRSH) Key Financials

P/E Ratio daily chart for Marsh & McLennan Companies (MRSH)

Historical P/E Ratio for Marsh & McLennan Companies (MRSH) from 2001 to 2025

About P/E Ratio at Marsh & McLennan Companies (MRSH)

Marsh & McLennan Companies P/E Ratio by Year

Marsh & McLennan Companies P/E Ratio 2025: 21.7×

Marsh & McLennan Companies P/E Ratio 2024: 25.7×

Marsh & McLennan Companies P/E Ratio 2023: 24.9×

Marsh & McLennan Companies P/E Ratio 2022: 26.9×

Marsh & McLennan Companies P/E Ratio 2021: 27.9×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Marsh & McLennan Companies's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Marsh & McLennan Companies?

+Is Marsh & McLennan Companies's P/E ratio high or low?

+What is Marsh & McLennan Companies's historical P/E ratio range?

+What was Marsh & McLennan Companies's P/E ratio in 2025?

+Why does Marsh & McLennan Companies's P/E ratio change over time?

Marsh & McLennan Companies (MRSH) Key Financials