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Marsh & McLennan Companies, Inc. (MRSH)

Insurance Agents, Brokers & Service

Latest Price
$200.62
TTM P/E
24.00
Normalized P/E
26.10
TTM Div Yield
1.88%
Fwd Div Yield
1.88%
Book Value
31.24
P/B Ratio
6.42

Valuation metrics

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Norm. op. income: $4.3B (median of 7yr)
Tax rate: 25%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$29.60
85% downside
Base FCF: $3.8B (median of recent 5yr)
Growth: 14%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$233.47
+18% upside
EPS: $8.43
Target P/E: 26×
Formula: EPS × P/E
P/E Fair Value
$219.18
+11% upside

Institutional Ownership

92.3% held by institutions
InstitutionSharesValueOwnership %ChangeFiling Date
BlackRock, Inc.39.50M$6.58B8.32%-2.56M2026-06-30
Vanguard Capital Management LLC31.47M$5.25B6.63%+4.9K2026-06-30
State Street Corp22.40M$3.73B4.72%+330.7K2026-06-30
Capital World Investors18.12M$3.02B3.82%+153.2K2026-06-30
Wellington Management Group LLP16.98M$2.83B3.57%-395.5K2026-06-30
Capital International Investors15.73M$2.62B3.31%+15.6K2026-06-30
Geode Capital Management, LLC13.51M$2.25B2.84%+106.1K2026-06-30
Price T Rowe Associates Inc13.44M$2.24B2.83%+2.46M2026-06-30
Corient Private Wealth LP12.85M$67.0M2.70%+12.62M2026-06-30
Vanguard Portfolio Management LLC12.57M$2.10B2.65%+142.6K2026-06-30
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