Marsh & McLennan Companies price to free cash flow MRSH

Market value divided by free cash flow over the last twelve months, since 2010.

Today, Oct 23, 2026: 22.6×
10-year median: 25.5×
Against its 10-year history: 33rd; percentile: 0 is its lowest day, 100 its highest
10-year range: 15.6× to 37.8×
Peer median: 20.0×

Marsh & McLennan Companies' price to free cash flow is 22.6× as of Oct 23, 2026.

That is below its ten-year median of 25.5×, lower than on 67% of days in the last ten years.

Over that time it ranged from 15.6× in May 2026 to 37.8× in Jul 2020.

The median for 6 insurance brokers of a similar size is 20.0×.

Price to free cash flow over time

median 25.5×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	22.6×	15.6×	22.6×
2025	19.0×	18.1×	29.9×
2024	27.8×	25.2×	31.1×
2023	26.1×	25.5×	31.9×
2022	28.3×	24.2×	31.0×
2021	28.1×	19.3×	28.1×
2020	22.4×	19.8×	37.8×
2019	27.9×	21.4×	28.0×
2018	22.5×	22.1×	27.4×
2017	23.9×	19.6×	25.0×
2016	19.7×	16.8×	22.9×
2015	17.9×	17.0×	20.5×
2014	20.8×	20.0×	33.8×
2013	33.6×	16.7×	35.1×
2012	16.4×	11.9×	17.1×
2011	12.3×	11.1×	51.0×
2010	16.7×	14.9×	24.8×

Against its peers

Companies in Insurance - Brokers nearest Marsh & McLennan Companies' size, closest first, today.

Company	Price to free cash flow
MRSHMarsh & McLennan Companies	22.6×
AJGArthur J. Gallagher	30.0×
AONAon	19.8×
WTWWillis Towers Watson Public	17.9×
BROBrown & Brown	16.9×
ERIEErie Indemnity	24.0×
RYANRyan Specialty	20.1×
Peer median	20.0×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Marsh & McLennan Companies

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.