Pricing Log in Create free account
Saturday 17 October 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. In the quarter to September 2026, revenue grew 8.06%, EPS grew 12.2%, free cash flow fell 9.99% and total debt rose 3.12%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for three.

188.35 1.81 +0.97%
Market cap
$89.0B
P/E
22.4×
Fwd P/E
19.2×
Dividend yield
2.01%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Marsh (MRSH) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, Marsh (MRSH) trades at a P/B ratio of 5.8×. Over the past ten years it has ranged from 4.0× (September 2015) to 8.9× (December 2021); the current reading is higher than 35% of that period. That is above the Insurance Brokers industry median of 2.9× and above the Financial sector median of 1.2×.

P/B ratio, daily

Embed this chart

Annual newest first

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%

Quarterly newest first

Period P/B ratio Change
Sep 2026 5.3× 1.58%
Jun 2026 5.2× (8.57%)
Mar 2026 5.7× (4.67%)
Dec 2025 5.9× (7.68%)
43 more quarters

Against its own ten years

Low 4.0× High 8.9×
Ten-year median 6.2×
Current reading's percentile 29

P/B ratio against peers

Company P/B ratio
BRO Brown & Brown, Inc. compare 1.8×
BWIN Baldwin Insurance Group, Inc. compare 2.1×
AJG Arthur J. Gallagher & Co. compare 2.7×
WTW Willis Towers Watson Public Limited Company compare 3.8×
ERIE Erie Indemnity Company compare 4.6×
ARX Accelerant Holdings compare 5.8×
MRSH Marsh 5.8×
AON Aon plc compare 6.4×
CRVL CorVel Corp. compare 9.9×
Insurance Brokers industry median 2.9×
Financial sector median 1.2×
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 →

More on MRSH