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Marsh & McLennan Companies, Inc. (MRSH)

合理估值
Financial ServicesInsurance BrokersUnited States

基本面

68

价格

$171.34

市值

$80.66B

第一部分 · 这家公司值多少

概览

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.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Compare

Generated on 2026年9月19日 with claude-haiku-4-5 — shared with all users

P/E: 37.8Score: 57Market cap: $58.81B

Gallagher competes head-on for mid-market and large commercial insurance placements in the United States and, through Gallagher Re, for the reinsurance treaties Guy Carpenter places.

P/E: 19.5Score: 65Market cap: $20.16B

Brown & Brown fights Marsh McLennan Agency for the same American mid-market and small-business clients, buying up regional agencies in the same towns to win their commission income.

Aon plcAON

Aon is the closest match to Marsh McLennan across every line the group operates — commercial insurance broking for large corporations, reinsurance broking through Aon Reinsurance Solutions against Guy Carpenter, and health and retirement consulting against Mercer.

WTW plc (Willis Towers Watson)WTW

WTW bids for the same multinational corporate accounts in property and casualty broking and, with its benefits and actuarial practice, for the same pension and health advisory mandates that Mercer pursues.

Lockton Companies, LLCNot tracked

Lockton is the largest privately held broker in the world and takes corporate risk and employee-benefit accounts directly from Marsh, pitching its independence to clients that dislike listed brokers.

Howden Group Holdings LimitedNot tracked

Howden has grown into a global broker across Europe, Asia and Latin America and, with Howden Re, bids against Guy Carpenter for reinsurance and specialty placements.

资产负债表与流动性

营收

$27.95B

最近12个月(截至2026/6/30)

净利润

$3.98B

最近12个月(截至2026/6/30)

自由现金流

$5.00B

股东权益合计

$15.31B

负债合计

$43.40B

流动比率

1.14

利息覆盖率

6.28

债务/EBITDA

3.55

每股收益

营收与净利润

自由现金流

收入构成

历史财务表

利润率变化

债务变化

债务负担有多重

增长一览表

增长 — 营业收入

公允价值估算

保险合理估值

公允价值

$166.34

当前价格

$171.34

安全边际

-3.0%

公允价值区间

$128.29 - $204.40

所用估值方法之间的离散区间,并非经过统计校准的置信区间。

估算方法

分析师目标价:$207.10
现金流折现法(DCF):不适用于此类公司
市盈率法(P/E):$125.00
格雷厄姆成长公式:不适用于此类公司
盈利能力价值(EPV):不适用于此类公司
合理市净率(P/B):$175.41
股息折现模型(戈登模型):$90.50
P/FFO(运营资金):不适用于此类公司
周期中段收益:不适用于此类公司
市销率法(P/S):不适用于此类公司
分析师共识:持有 (12B / 18H / 1S)
最近财报超预期:+0.15%

估值指标

市盈率(P/E)

20.87

ROE

27.2%

市净率(P/B)

5.28

P/FCF

17.09

毛利率

-

ROIC

12.5%

盈利能力雷达图

价值创造(经济护城河)

ROIC

12.5%

WACC

6.9%

ROIC − WACC

+5.5 pp

ROIC 超过资本成本:公司正在为股东创造价值。

基本面分析标准

通过(18)

  • EPS shows upward trend
  • Price CAGR 10.10%
  • ROIC 12.5%
  • P/FCF 17.09
  • Debt/Equity ratio
  • Operating Margin 21.6%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 26.5%
  • Revenue Growth 5Y 9.4%
  • PEG Ratio 1.24
  • Earnings Quality (OCF/NI) 1.28
  • Share Dilution -0.6%
  • Piotroski F-Score 6/9

未通过(8)

  • EPS CAGR 3.61%
  • P/B Ratio 5.28
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Analyst Consensus 39% Buy
  • Earnings Surprise avg 1.8%
  • Net Margin Trend 14.2% vs 16.0%

不可用(2)

  • Gross Margin NaN%
  • Dividend Payout NaN%

Piotroski F-评分

6/9

信号混杂:部分领域需关注

score
criteria

盈利质量

1.28

高质量:盈利有现金流支撑

股权稀释

-0.6%

正在回购股份,对股东友好

机构持股

该公司暂无机构申报数据。

公司治理

管理团队

姓名职位年龄
Mr. John Quinlan DoylePresident, CEO & Director61
Mr. Mark Christopher McGivneyExecutive VP, CFO & COO57
Mr. Martin C. SouthSenior VP & Chief Client Officer60
Mr. Dean M. KlisuraVice Chair, President & CEO of Marsh Re61
Mr. Patrick TomlinsonVice Chair, President & CEO of Marsh People and Investments54
Ms. Stacy M. MillsVP, Controller & Chief Accounting Officer60
Mr. Paul BeswickSenior VP and Global Chief Information & Operations Officer50
Mr. Jay H. Gelb C.F.A.Head of Investor Relations of Marsh-
Ms. Katherine J. BrennanSenior VP & General Counsel46
Mr. John JonesSenior VP and Chief Marketing & Communications Officer53

审计风险

2

董事会风险

3

薪酬风险

8

股东权利风险

5

第二部分 · 价格与买入时机

这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。

文件

  • 年度报告(10-K)

    对公司业务、财务业绩和风险的年度概述。

    提交日期:2026-02-09

    查看文件
  • 季度报告(10-Q)

    最近三个月财务表现的最新情况。

    提交日期:2026-07-21

    查看文件
  • 临时报告(8-K)

    关于重大事件(如管理层变动或重要公告)的通知。

    提交日期:2026-07-21

    查看文件

via SEC EDGAR

损益历史

via SEC EDGAR

Latest News

Recent headlines for MRSH, sourced from Markets Gazette.

No recent news for MRSH.