Marsh (HAM:MSN) Beginning Cash Position: €12,248 Mil (As of Mar. 2026)


HAM:MSN Marsh HAM:MSN
64 GF Score
Price €156.20
GF Value €221.14
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Marsh Beginning Cash Position?

Marsh HAM:MSN -0.51% 64 Beginning Cash Position is €12,248 Mil as of Mar. 2026. GuruFocus rates HAM:MSN with a GF Score™ of 64/100 and a GF Value™ of €221.14 (Significantly Undervalued). The stock has 4 warning signs investors should review.

Marsh's Beginning Cash Position for the quarter that ended in Mar. 2026 was €12,248 Mil.

Marsh's quarterly Beginning Cash Position increased from Sep. 2025 (€11,543 Mil) to Dec. 2025 (€12,393 Mil) but then declined from Dec. 2025 (€12,393 Mil) to Mar. 2026 (€12,248 Mil).

Marsh's annual Beginning Cash Position increased from Dec. 2023 (€11,098 Mil) to Dec. 2024 (€13,515 Mil) but then declined from Dec. 2024 (€13,515 Mil) to Dec. 2025 (€11,678 Mil).

Marsh Beginning Cash Position Related Terms

Marsh Beginning Cash Position Historical Data

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The historical data trend for Marsh's Beginning Cash Position can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Marsh Beginning Cash Position Chart

Marsh Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beginning Cash Position
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9,446.49 10,737.06 11,097.53 13,515.16 11,677.60

Marsh Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beginning Cash Position Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12,648.45 11,429.66 11,542.90 12,393.25 12,248.40
HAM:MSN
64GF Score
Marsh HAM:MSN
Beginning Cash Position is just one metric. See GF Score™, valuation, warning signs, and more.
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Marsh Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.

What does a Beginning Cash Position of €12,248 Mil mean?
Marsh (HAM:MSN) has a Beginning Cash Position of €12,248 Mil as of Mar. 2026. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Marsh and its competitors.
Is Marsh's Beginning Cash Position too high?
Marsh's current Beginning Cash Position is €12,248 Mil. Overall, Marsh has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Marsh's Beginning Cash Position compare to AON and AJG?
Marsh's Beginning Cash Position of €12,248 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beginning Cash Position for an Insurance company?
A good Beginning Cash Position depends on the Insurance industry context. However, Beginning Cash Position should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beginning Cash Position mean?
A high Beginning Cash Position can signal that a stock is expensive relative to its fundamentals. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Marsh and its competitors. Marsh's current Beginning Cash Position is €12,248 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marsh stock overvalued right now?
Based on GuruFocus' analysis, Marsh (HAM:MSN) is currently considered Significantly Undervalued. The stock's GF Value™ is €221.14, compared to a current price of €156.20 — trading 29.4% below its estimated fair value. The current Beginning Cash Position is €12,248 Mil. Marsh's overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beginning Cash Position calculated?
Beginning Cash Position is calculated from a company's financial statements. For Marsh (HAM:MSN), the current Beginning Cash Position is €12,248 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Marsh (HAM:MSN) Overvalued in 2026?

Based on GuruFocus' analysis, Marsh stock appears to be undervalued. The current stock price of €156.20 is trading 29.4% below its estimated GF Value™ of €221.14. GuruFocus considers Marsh to be Significantly Undervalued.

Key valuation signals for HAM:MSN:

  • Beginning Cash Position: €12,248 Mil
  • GF Value™: €221.14 vs. price of €156.20 (29.4% below fair value)
  • GF Score™: 64/100 with 4 warning signs

No single metric tells the full story. See the HAM:MSN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Marsh Business Description

Address 1166 Avenue of the Americas, New York, NY, USA, 10036-2774
Marsh is a professional services firm that provides advice and solutions in the areas of risk, strategy, and human capital. The company operates through two main segments: risk and insurance services and consulting. In risk and insurance services, the firm offers services via Marsh (an insurance broker) and Guy Carpenter (a risk and reinsurance specialist). The consulting division comprises Mercer (a provider of human resource services) and Oliver Wyman (a management and economic consultancy). About half of its revenue is generated outside the US.
64GF Score

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Beginning Cash Position is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€156.20
Price
€221.14
GF Value