Marsh & McLennan Companies Inc. (M1MC34) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Marsh & McLennan Companies Inc. BRL 18.91, price BRL 55.38, upside -65.9%, quality 68 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.
How to read this chart
60‑month range R$23.67 – R$76.73 · fair‑value band R$14.46 – R$31.91 · the R$55.38 price screens above the R$18.91 fair value. Dashed = 300-day average. As of Sep 29, 2026.
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Marsh & McLennan Companies, Inc., a professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide. The company operates through Risk and Insurance Services, and Consulting segments.
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Marsh & McLennan Companies, Inc., a professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide. The company operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk management, insurance broking, insurance program management, risk consulting, analytical modeling, and alternative risk financing services. This segment also offers insurance and reinsurance broking, strategic advisory and actuarial services, and analytics solutions. It serves businesses, public entities, insurance companies, associations, professional services organizations, and private clients. The Consulting segment provides health, wealth and career advice, solutions and products; and specialized management, strategic, economic, and brand consulting services. Marsh & McLennan Companies, Inc. was founded in 1871 and is headquartered in New York, New York.
Stock analysis
Marsh & McLennan Companies Inc. (M1MC34) currently trades at R$55.38, while our model-based Fair Value estimate is R$18.91, 65.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of R$22.15 per share, and 0 of the 6 models we run sit above the R$55.38 price.
Bear case: the Asset-Based group reads lowest at R$6.87, and 6 of the 6 models stay below the price. Evidence for this calculation is medium.
Scenario range: R$14.46 (bear) to R$31.91 (bull), the price of R$55.38 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 68/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Marsh & McLennan Companies Inc. reported revenue of $27.0B in FY2025 versus $19.8B in FY2021, a compound +8.0%/yr. Reported net income was $4.2B in FY2025, compounding +7.3%/yr from FY2021.
Key figures
Market cap R$438B (≈ $84.0B) · P/E ratio 22.5 · P/S ratio 3.47 · EPS (TTM) R$20.44 · Dividend yield 0.4% · Net margin 15.4% · Return on equity 25.9% · Return on assets (EBIT) 10.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (medium confidence).
What moves the price
The share trades about 14% below its 52-week high and 15% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −51% fair-value upside, at −66%, M1MC34 screens richer than that median.
Fair Value models
Bear R$14.46Fair Value R$18.91Bull R$31.91
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (R$14.09 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.89/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+10.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.4%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.8%
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+17.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.7%
Dividend (yield on the price)0.4%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.18% → 23%
News mood ⓘNews mood, the average tone of recent news (100 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Compare Marsh & McLennan Companies Inc. with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Insurance Brokers · 37 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score66 · Above median
Fair Value upside−54.2% · Below median
Profitability
Return on equity (TTM)25.9% · Top 25%
Return on assets7.1% · Above median
Net margin (TTM)14.2% · Above median
Operating margin (TTM)26.3% · Top 25%
Growth and dividend
Revenue growth6.2% · Below median
Dividend yield (TTM)0.4% · Bottom 25%
Balance sheet
Debt / equity1.20× · Highest 25%
Valuation Multiplesvs Insurance Brokers median · lower = cheaper
P/E (TTM)22.5× · Pricier than median
PEG1.74× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)31· sector 54
PAST (return on equity)100· sector 51
HEALTH (low debt)40· sector 84
DIVIDEND (yield)8· sector 94
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Marsh & McLennan Companies Inc. Fair Value". https://www.fairvalue-calculator.com/stock/M1MC34
Frequently asked questions
Is Marsh & McLennan Companies Inc. (M1MC34) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of R$18.91 versus a price of R$55.38, about −66% upside (overvalued).
What is the fair value of M1MC34?
Our model-based fair value for Marsh & McLennan Companies Inc. is R$18.91 (as of Sep 29, 2026), built from audited fundamentals. The current price: R$55.38.
What is the quality score of M1MC34?
Marsh & McLennan Companies Inc. has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Marsh & McLennan Companies Inc. (M1MC34)?
Our model-based price target is the fair value of R$18.91 (as of Sep 29, 2026) from 6 valuation models. Cautious scenario R$14.46, optimistic scenario R$31.91. It is a calculation from audited fundamentals, not an analyst target.
What is the Marsh & McLennan Companies Inc. stock forecast for 2026?
Our models put fair value at R$18.91, about −66% upside versus a price of R$55.38 (overvalued). Cautious scenario R$14.46, optimistic scenario R$31.91. The calculation is refreshed regularly with new filings.
What is the revenue of Marsh & McLennan Companies Inc. (M1MC34)?
Marsh & McLennan Companies Inc. reported trailing-twelve-month revenue of about $27.9B (latest available figure, as of Sep 29, 2026).
Does Marsh & McLennan Companies Inc. pay a dividend?
Marsh & McLennan Companies Inc. currently shows a dividend yield of about 0.39% relative to its recent price (as of Sep 29, 2026).
What is the intrinsic value of Marsh & McLennan Companies Inc. (M1MC34)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Marsh & McLennan Companies Inc. it is R$18.91 per share (as of Sep 29, 2026), against a price of R$55.38. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Marsh & McLennan Companies Inc. stock overvalued or undervalued in 2026?
As of Sep 29, 2026, M1MC34 trades above its calculated fair value: price R$55.38, fair value R$18.91, a gap of about −66% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of M1MC34?
No. The price is what the market pays today (R$55.38); the fair value is what the company's own numbers justify (R$18.91). For Marsh & McLennan Companies Inc. the two are R$36.47 per share apart. That gap is exactly why we show both numbers side by side.
How much is Marsh & McLennan Companies Inc. worth?
The market values Marsh & McLennan Companies Inc. at about R$438B (market capitalisation, as of Sep 29, 2026). Per share that is R$55.38; our models calculate a fair value of R$18.91 per share.
What do the bullish and bearish scenarios say about M1MC34?
Our models span a range for Marsh & McLennan Companies Inc.: cautious scenario R$14.46, base R$18.91, optimistic R$31.91 per share (as of Sep 29, 2026, price R$55.38). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of M1MC34?
Marsh & McLennan Companies Inc. trades at a price-to-earnings ratio of 22.5 (as of Sep 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R$18.91 is built from several models across several years. Other multiples: PEG 1.7.
What is the PEG ratio of M1MC34?
The PEG ratio of Marsh & McLennan Companies Inc. is 1.74 (P/E divided by earnings growth, as of Sep 29, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Marsh & McLennan Companies Inc. (M1MC34)?
Balance-sheet figures for Marsh & McLennan Companies Inc. (as of Sep 29, 2026): return on equity 25.9%, debt of 1.20 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is M1MC34 from its 52-week high?
Marsh & McLennan Companies Inc. trades at R$55.38, about 14% below its 52-week high of R$64.29 and 15% above the low of R$48.24 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of R$18.91 is for.
Which stocks are comparable to Marsh & McLennan Companies Inc.?
From the same area (Financial Services) we also value Arthur J. Gallagher & Co, Aon plc, Willis Towers Watson Public Limited, Brown & Brown, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Marsh & McLennan Companies Inc. stock attractive at the current price?
The data as of Sep 29, 2026: price R$55.38, calculated fair value R$18.91 (−66%), Quality Score 68/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of M1MC34 calculated?
We run Marsh & McLennan Companies Inc. through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of R$18.91, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Marsh & McLennan Companies Inc. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Marsh & McLennan Companies Inc. (M1MC34)?
The closing price on Oct 2, 2026 was R$55.38. Our model-based fair value is R$18.91, about −66% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Marsh & McLennan Companies Inc. right now?
The price sits above even our optimistic bull case (R$31.91). The favourable scenario is already priced in. Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (R$14.46 to R$31.91) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Marsh & McLennan Companies Inc.
How large is the market capitalisation of Marsh & McLennan Companies Inc. (M1MC34)?
The market capitalisation of Marsh & McLennan Companies Inc. is R$438B (≈ $84.0B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Marsh & McLennan Companies Inc. (M1MC34)?
The price-to-sales ratio of Marsh & McLennan Companies Inc. is 3.47 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Marsh & McLennan Companies Inc. (M1MC34)?
Earnings per share at Marsh & McLennan Companies Inc. are R$20.44 (price ÷ EPS = P/E 22.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Marsh & McLennan Companies Inc. (M1MC34)?
The dividend yield of Marsh & McLennan Companies Inc. is 0.4% (payout 1.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Marsh & McLennan Companies Inc. (M1MC34)?
The net margin of Marsh & McLennan Companies Inc. is 15.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Marsh & McLennan Companies Inc. (M1MC34)?
The return on equity (ROE) of Marsh & McLennan Companies Inc. is 25.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Marsh & McLennan Companies Inc. (M1MC34)?
On an EBIT basis the return on assets of Marsh & McLennan Companies Inc. is 10.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Marsh & McLennan Companies Inc. (M1MC34)?
The operating margin of Marsh & McLennan Companies Inc. is 26.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Marsh & McLennan Companies Inc. (M1MC34)?
Revenue at Marsh & McLennan Companies Inc. is growing +6.2% versus a year earlier (3y avg +9.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Marsh & McLennan Companies Inc. (M1MC34)?
Earnings per share at Marsh & McLennan Companies Inc. are growing +7.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Marsh & McLennan Companies Inc. (M1MC34) generate?
The free cash flow of Marsh & McLennan Companies Inc. is $5.0B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Marsh & McLennan Companies Inc. (M1MC34) carry?
The net debt of Marsh & McLennan Companies Inc. is $16.9B (fiscal year 2025, ≈ 3.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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