Marsh & McLennan Companies, Inc. (MMC) P/E Ratio History
Historical price-to-earnings valuation from 1990 to 2025
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MMC Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Marsh & McLennan Companies, Inc. (MMC) trades at a price-to-earnings ratio of 21.3x, with a stock price of $174.06 and trailing twelve-month earnings per share of $8.35.
The current P/E is 21% below its 5-year average of 26.8x. Over the past five years, MMC's P/E has ranged from a low of 22.4x to a high of 29.9x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.4x, MMC trades at a 59% premium to its sector peers. The sector includes 774 companies with P/E ratios ranging from 0.0x to 195.8x.
The PEG ratio of 1.11 (P/E divided by 9% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, MMC trades roughly in line with the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our MMC DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
MMC P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $66B | 18.1 | 1.20 | +36% | |
| $24B | 15.5 | 0.95 | +1794%Best | |
| $51B | 34.2 | 5.28 | -12% | |
| $19B | 17.9 | 1.34 | -9% | |
| $80B | 32.8 | 4.21 | +21% | |
| $125B | 28.9 | 3.32 | +19% | |
| $6B | 12.1 | - | +8% | |
| $4B | 62.5 | - | -34% | |
| $10B | 20.1 | 1.48 | -7% | |
| $14B | 9.3Lowest | 0.38Best | +19% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
MMC Historical P/E Data (1990–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q3 | $201.53 | $8.34 | 24.2x | -2% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $218.64 | $8.34 | 26.2x | +6% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $244.03 | $8.16 | 29.9x | +21% |
| FY2024 Q4 | $212.41 | $8.19 | 25.9x | +5% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $223.09 | $8.12 | 27.5x | +11% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $210.72 | $8.07 | 26.1x | +6% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $205.98 | $7.87 | 26.2x | +6% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $189.47 | $7.52 | 25.2x | +2% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $190.30 | $6.93 | 27.5x | +11% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $188.08 | $6.56 | 28.7x | +16% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $166.55 | $6.40 | 26.0x | +5% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $165.48 | $6.03 | 27.4x | +11% |
Average P/E for displayed period: 24.7x
Full MMC Stock Analysis
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Start ComparisonMMC — Frequently Asked Questions
Quick answers to the most common questions about buying MMC stock.
Is MMC stock overvalued or undervalued?
MMC trades at 21.3x P/E, below its 5-year average of 26.8x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does MMC's valuation compare to peers?
Marsh & McLennan Companies, Inc. P/E of 21.3x compares to sector median of 13.4x. The premium reflects expected growth above peers.
What is MMC's PEG ratio?
MMC PEG ratio is 1.11. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 1990-2025.