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

Willis Towers Watson Public Limited Company

WTW Financial Insurance Brokers

Willis Towers Watson Public Limited Company’s revenue for fiscal 2025 (year ended December 2025) was $9.7 billion, down 2.24% from fiscal 2024.

Revenue
+7.52%
EPS
+4.17%
Free cash flow
+13.4%
Total debt
+22.9%

Quarter to September 2026, against a year earlier

330.63 5.88 −1.75%
Market cap
$31.0B
P/E
20.4×
Fwd P/E
18.8×
Dividend yield
1.13%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Willis Towers Watson Public Limited Company (WTW) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Willis Towers Watson Public Limited Company (WTW) trades at a P/B ratio of 4.0×. Over the past ten years it has ranged from 1.4× (June 2016) to 4.5× (December 2024); the current reading is higher than 93% of that period. That is above the Insurance Brokers industry median of 3.0× and above the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 4.0× 0.35%
FY2024 4.0× 51.74%
FY2023 2.6× (3.47%)
FY2022 2.7× 19.11%
FY2021 2.3× (8.83%)
FY2020 2.5× (1.05%)
FY2019 2.5× 26.89%
FY2018 2.0× 3.05%
FY2017 1.9× 16.78%
FY2016 1.7× (55.28%)

Quarterly newest first

Period P/B ratio Change
Sep 2026 3.5× 9.29%
Jun 2026 3.2× (7.73%)
Mar 2026 3.4× (14.32%)
Dec 2025 4.0× (7.74%)
43 more quarters

Against its own ten years

Low 1.4× High 4.5×
Ten-year median 2.5×
Current reading's percentile 93

P/B ratio against peers

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 4.0×
ERIE Erie Indemnity Company compare 5.1×
RYAN Ryan Specialty Holdings Inc. compare 6.5×
MRSH Marsh compare 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 →

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