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STOCK COMPARISON

Arthur J Gallagher & vs Marsh & McLennan Companies: Fair Value & Quality

Both stocks run through our valuation models. Here is how Arthur J Gallagher & (AJG) and Marsh & McLennan Companies (MRSH) compare, as of Aug 8, 2026.

As of Aug 8, 2026, Fair Value Calculator sees Marsh & McLennan Companies as the less overvalued of the two: Arthur J Gallagher & trades at $252 versus a fair value of $64.24 (-74%), while Marsh & McLennan Companies trades at $193 versus $112 (-42%).
Arthur J Gallagher &
AJG · USD · Financials
-74%
upside to fair value
overvalued
Price$252
Fair Value$64.24
Quality46/100
Marsh & McLennan Companies
MRSH · USD · Financials
-42%
upside to fair value
overvalued
Price$193
Fair Value$112
Quality63/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Arthur J Gallagher &Marsh & McLennan Companies
Valuation
41.1×P/E (TTM)22.8×
4.59×P/S (TTM)3.19×
2.80×P/B5.81×
19.2×EV/EBITDA13.6×
0.84×PEG1.76×
1.0%Dividend yield2.0%
$2.65Dividend per share$3.60
Profitability
11%Net margin14%
28%Operating margin24%
7%Return on equity28%
2%Return on assets7%
Growth
35%Revenue growth (YoY)8%
17.7%Avg. growth/yr (3Y)9.2%
14.8%Avg. growth/yr (5Y)9.4%
Balance & size
0.52×Debt / equity1.21×
$65BMarket cap$88B
healthyGrowth qualityhealthy

Even match: 7 to 7 metric wins.

Dash = 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.

Arthur J Gallagher &of which business quality 41 · market factors 55 Marsh & McLennan Companiesof which business quality 60 · market factors 57
ProfitabilityMargins and returns on capital today
27
55
Quality GrowthAre margins and returns improving?
67
50
CashflowEarnings quality: real cash, not paper profit
65
75
Fin. StrengthBalance sheet, leverage, solvency risk
41
35
InvestmentDisciplined investing over empire-building
33
62
Low VolatilityCalm price path (market factor)
83
84
MomentumPrice trend over the last 3–12 months (market factor)
47
44
52W MomentumDistance to the 52-week high (market factor)
36
50
Net IssuanceBuybacks instead of dilution
6
93

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Arthur J Gallagher &

DCF Models$129
Earnings-Based$77.91
Dividend Discount$45.68
Multiples$108
Asset-Based$60.81
Growth DCF$123
Economic Profit$64.17
Growth Earnings$115

26 of 26 models see the stock below the current price.

Marsh & McLennan Companies

DCF Models$145
Earnings-Based$67.56
Dividend Discount$60.10
Multiples$150
Asset-Based$21.00
Growth DCF$135
Economic Profit$86.32
Growth Earnings$152

25 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Arthur J Gallagher &
Bear $48.19Fair Value $64.24Bull $80.31
$252 = current price (white tick)
Marsh & McLennan Companies
Bear $84.19Fair Value $112Bull $140
$193 = current price (white tick)

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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.

Arthur J Gallagher & · Financials

Quality score46 · bottom 25%
Fair value upside-74% · bottom 25%

Marsh & McLennan Companies · Financials

Quality score63 · above median
Fair value upside-42% · bottom 25%

Bottom line

As of Aug 8, 2026, Fair Value Calculator sees Marsh & McLennan Companies as the less overvalued of the two: Arthur J Gallagher & trades at $252 versus a fair value of $64.24 (-74%), while Marsh & McLennan Companies trades at $193 versus $112 (-42%).

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

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.