Friday 6 November 2026 Export MRSH’s income statement to Excel — free account

Marsh

MRSH Financial Insurance Brokers

Marsh’s revenue for fiscal 2025 (year ended December 2025) was $27.0 billion, up 10.3% from fiscal 2024.

Revenue: +8.06%
EPS: +11.8%
Free cash flow: −30.5%
Total debt: +3.12%

Quarter to September 2026, against a year earlier

204.43 5.00 −2.39%

Follow MRSH

Alert me

Market cap: $99.6B
P/E: 24.3×
Fwd P/E: 23.3×
Dividend yield: 1.85%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Marsh (MRSH) P/B ratio

Alert me on P/B ratio

As of 6 November 2026, Marsh (MRSH) trades at a P/B ratio of 6.5×. Over the past ten years it has ranged from 4.0× (September 2015) to 8.9× (December 2021); the current reading is higher than 55% of that period. That is above the Insurance Brokers industry median of 3.0× and above the Financial sector median of 1.3×.

Embed this chart

Code for your page

<iframe src="https://stockrow.com/embed/MRSH/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Marsh P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/MRSH/metrics/pb-ratio">Marsh (MRSH) P/B ratio — stockrow.com</a></p>

Period	P/B ratio	Change
FY2025	5.9×	(22.97%)
FY2024	7.7×	1.67%
FY2023	7.6×	(1.44%)
FY2022	7.7×	(1.88%)
FY2021	7.9×	22.83%
FY2020	6.4×	(9.92%)
FY2019	7.1×	33.39%
FY2018	5.3×	(3.99%)
FY2017	5.5×	(1.32%)
FY2016	5.6×	25.93%

Period	P/B ratio	Change
Sep 2026	5.5×	5.14%
Jun 2026	5.2×	(8.57%)
Mar 2026	5.7×	(4.67%)
Dec 2025	5.9×	(7.68%)
43 more quarters	Free account

Against its own ten years

Low 4.0× High 8.9×

Ten-year median 6.2×

Current reading's percentile 54

Company	P/B ratio
BRO Brown & Brown, Inc. compare	1.9×
BWIN Baldwin Insurance Group, Inc. compare	2.1×
AJG Arthur J. Gallagher & Co. compare	3.1×
WTW Willis Towers Watson Public Limited Company compare	4.0×
ERIE Erie Indemnity Company compare	5.1×
RYAN Ryan Specialty Holdings Inc. compare	6.5×
MRSH Marsh	6.7×
AON Aon plc compare	7.2×
CRVL CorVel Corp. compare	10.0×
Insurance Brokers industry median	3.0×
Financial sector median	1.3×
Market median	1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

Marsh (MRSH) P/B ratio

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on MRSH

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on MRSH

Stockrow Weekly