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STOCK COMPARISON

Marsh & McLennan Companies vs TWFG, Inc. Class A: Fair Value & Quality

Both stocks run through our valuation models. Here is how Marsh & McLennan Companies (MRSH) and TWFG, Inc. Class A (TWFG) compare, as of Oct 3, 2026.

As of Oct 3, 2026, Fair Value Calculator sees Marsh & McLennan Companies as the less overvalued of the two: Marsh & McLennan Companies trades at $170 versus a fair value of $78.64 (−53.8%), while TWFG, Inc. Class A trades at $24.61 versus $6.77 (−72.5%).
Marsh & McLennan Companies
MRSH · USD · Financials
−53.8%
upside to fair value
overvalued
Price$170
Fair Value$78.64
Quality63/100
TWFG, Inc. Class A
TWFG · USD · Financials
−72.5%
upside to fair value
overvalued
Price$24.61
Fair Value$6.77
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

Marsh & McLennan CompaniesTWFG, Inc. Class A
Valuation
21.0×P/E (TTM)44.2×
14.9×Forward P/E (FY2027)n/a
2.98×P/S (TTM)n/a
5.51× · book value is mostly goodwillP/Bn/a
12.7×EV/EBITDAn/a
1.50×PEGn/a
−53.8%Fair value upside−72.5%
2.1%Dividend yield5.8%
$3.69Dividend per sharen/a
Profitability
26.3%Operating margin17.0%
1.30×EBIT margin trend (5Y)0.64×
25.9%Return on equity16.2%
7.2%Return on assets7.8%
Growth
6.2%Revenue growth (YoY)35.3%
9.2%Avg. growth/yr (3Y)16.5%
9.4%Avg. growth/yr (5Y)n/a
+18.7%Value creation/yr−0.7%
Balance & size
6.5×Interest coverage (EBIT/interest)83.2×
1.21×Debt / equity0.02×
$83BMarket capn/a
healthyGrowth qualitymixed
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Marsh & McLennan Companies leads: 6 to 5 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.

Marsh & McLennan Companiesof which business quality 60 · market factors 48 TWFG, Inc. Class Aof which business quality 65 · market factors 46
ProfitabilityMargins and returns on capital today
55
34
Quality GrowthAre margins and returns improving?
50
77
CashflowEarnings quality: real cash, not paper profit
75
93
Fin. StrengthBalance sheet, leverage, solvency risk
35
80
InvestmentDisciplined investing over empire-building
62
45
Low VolatilityCalm price path (market factor)
84
32
MomentumPrice trend over the last 3–12 months (market factor)
37
59
52W MomentumDistance to the 52-week high (market factor)
23
40
Net IssuanceShare count: buybacks or dilution?
93
50

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 familyMarsh & McLennan CompaniesPrice $170TWFG, Inc. Class APrice $24.61
Dividend Discount−64.3%below the price$60.68−43.6%below the price$13.87
Multiples−53.7%below the price$78.82−65.6%below the price$8.46
Asset-Based−87.5%below the price$21.20−82.6%below the price$4.28
Economic Profit−62.5%below the price$63.81−78.0%below the price$5.42
Minimum−87.5%below the price$21.20−82.6%below the price$4.28
Maximum−53.7%below the price$78.82−43.6%below the price$13.87
Median−63.4%below the price$62.25−71.8%below the price$6.94
Geometric mean−70.3%below the price$50.43−70.7%below the price$7.22

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%.

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

TWFG, Inc. Class A: 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.

Marsh & McLennan Companies
Price $170
Fair Value $78.64
Bear $53.56Bull $137
TWFG, Inc. Class A
Price $24.61
Fair Value $6.77
Bear $5.08Bull $8.47

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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.

Marsh & McLennan Companies · Financials

Quality score63 · Top 25%
Fair value upside−53.8% · bottom 25%

TWFG, Inc. Class A · Financials

Quality score63 · Top 25%
Fair value upside−72.5% · bottom 25%

Bottom line

As of Oct 3, 2026, Fair Value Calculator sees Marsh & McLennan Companies as the less overvalued of the two: Marsh & McLennan Companies trades at $170 versus a fair value of $78.64 (−53.8%), while TWFG, Inc. Class A trades at $24.61 versus $6.77 (−72.5%).

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

Open Marsh & McLennan Companies 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.