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STOCK COMPARISON

Golden Insurance Brokers Co.,Ltd. vs Marsh & McLennan Companies: Fair Value & Quality

Both stocks run through our valuation models. Here is how Golden Insurance Brokers Co.,Ltd. (6028) and Marsh & McLennan Companies (MRSH) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Golden Insurance Brokers Co.,Ltd. as the less overvalued of the two: Golden Insurance Brokers Co.,Ltd. trades at TWD 99.20 versus a fair value of TWD 62.58 (-37%), while Marsh & McLennan Companies trades at $170 versus $78.77 (-54%).
Golden Insurance Brokers Co.,Ltd.
6028.TWO · TWD · Financials
-37%
upside to fair value
overvalued
PriceTWD 99.20
Fair ValueTWD 62.58
Quality56/100
Marsh & McLennan Companies
MRSH · USD · Financials
-54%
upside to fair value
overvalued
Price$170
Fair Value$78.77
Quality63/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Golden Insurance Brokers Co.,Ltd.Marsh & McLennan Companies
Valuation
12.6×P/E (TTM)21.3×
0.45×P/S (TTM)3.03×
3.37×P/B5.53× · book value is mostly goodwill
6.5×EV/EBITDA13.0×
n/aPEG1.76×
−36.9%Fair value upside−53.8%
6.9%Dividend yield2.1%
TWD 6.82Dividend per share$3.60
Profitability
5%Operating margin24%
1.02×EBIT margin trend (5Y)1.30×
22%Return on equity28%
8%Return on assets7%
Growth
12%Revenue growth (YoY)8%
29.1%Avg. growth/yr (3Y)9.2%
14.8%Avg. growth/yr (5Y)9.4%
+18.2%Value creation/yr+18.7%
Balance & size
117.7×Interest coverage (EBIT/interest)6.5×
n/aDebt / equity1.21×
$69MMarket cap$83B
healthyGrowth qualityhealthy

Golden Insurance Brokers Co.,Ltd. leads: 9 to 3 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Golden Insurance Brokers Co.,Ltd.of which business quality 58 · market factors 50 Marsh & McLennan Companiesof which business quality 60 · market factors 49
ProfitabilityMargins and returns on capital today
72
55
Quality GrowthAre margins and returns improving?
52
50
CashflowEarnings quality: real cash, not paper profit
46
75
Fin. StrengthBalance sheet, leverage, solvency risk
88
35
InvestmentDisciplined investing over empire-building
46
62
Low VolatilityCalm price path (market factor)
76
83
MomentumPrice trend over the last 3–12 months (market factor)
44
41
52W MomentumDistance to the 52-week high (market factor)
32
24
Net IssuanceShare count: buybacks or dilution?
25
93

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyGolden Insurance Brokers Co.,Ltd.Price TWD 99.20Marsh & McLennan CompaniesPrice $170
Dividend Discount-27%below the priceTWD 72.75-65%below the price$60.10
Multiples-36%below the priceTWD 63.09-54%below the price$78.07
Asset-Based-82%below the priceTWD 17.37-88%below the price$21.00
Economic Profit-59%below the priceTWD 40.34-56%below the price$74.16
Minimum-82%below the priceTWD 17.37-88%below the price$21.00
Maximum-27%below the priceTWD 72.75-54%below the price$78.07
Median-48%below the priceTWD 51.72-61%below the price$67.13
Geometric mean-57%below the priceTWD 42.35-69%below the price$51.99

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Golden Insurance Brokers Co.,Ltd.: 6 of 6 models see the stock below the current price.

Marsh & McLennan Companies: 6 of 6 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Golden Insurance Brokers Co.,Ltd.
Price TWD 99.20
Fair Value TWD 62.58
Bear TWD 46.91Bull TWD 78.22
Marsh & McLennan Companies
Price $170
Fair Value $78.77
Bear $59.68Bull $140

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Golden Insurance Brokers Co.,Ltd. · Financials

Quality score56 · above median
Fair value upside-37% · below median

Marsh & McLennan Companies · Financials

Quality score63 · Top 25%
Fair value upside-54% · bottom 25%

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Golden Insurance Brokers Co.,Ltd. as the less overvalued of the two: Golden Insurance Brokers Co.,Ltd. trades at TWD 99.20 versus a fair value of TWD 62.58 (-37%), while Marsh & McLennan Companies trades at $170 versus $78.77 (-54%).

Marsh & McLennan Companies has the higher quality score (63/100).

Open Golden Insurance Brokers Co.,Ltd. live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.