Marsh MRSH
- Market cap
- $81.1B
- P/E
- 20.8×
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Marsh (MRSH) EV/EBITDA
As of 25 September 2026, Marsh (MRSH) trades at a EV/EBITDA of 12.5×. Over the past ten years it has ranged from 10.6× (January 2016) to 21.1× (February 2020); the current reading is higher than 13% of that period. That is in line with the Insurance Brokers industry median of 12.4× and above the Financial sector median of 9.5×.
EV/EBITDA, daily
Annual
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 13.4× | (20.52%) |
| FY2024 | 16.8× | 9.91% |
| FY2023 | 15.3× | (6.76%) |
| FY2022 | 16.4× | (14.77%) |
| FY2021 | 19.2× | 7.83% |
| FY2020 | 17.8× | (10.11%) |
| FY2019 | 19.8× | 44.18% |
| FY2018 | 13.8× | (4.65%) |
| FY2017 | 14.4× | 7.02% |
| FY2016 | 13.5× | 18.04% |
Quarterly
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 12.2× | (5.94%) |
| Mar 2026 | 13.0× | (2.62%) |
| Dec 2025 | 13.4× | (8.66%) |
| Sep 2025 | 14.6× | (10.42%) |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| ARX Accelerant Holdings compare | 9.8× |
| BRO Brown & Brown, Inc. compare | 9.9× |
| WTW Willis Towers Watson Public Limited Company compare | 12.2× |
| MRSH Marsh | 12.5× |
| AON Aon plc compare | 13.2× |
| ERIE Erie Indemnity Company compare | 13.8× |
| AJG Arthur J. Gallagher & Co. compare | 17.6× |
| CRVL CorVel Corp. compare | 19.1× |
| BWIN Baldwin Insurance Group, Inc. compare | 62.3× |
| Insurance Brokers industry median | 12.4× |
| Financial sector median | 9.5× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on MRSH
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement