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Marsh & McLennan (STU:MSN) Cyclically Adjusted Price-to-FCF : 37.10 (As of Jun. 01, 2025)


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What is Marsh & McLennan Cyclically Adjusted Price-to-FCF?

As of today (2025-06-01), Marsh & McLennan's current share price is €203.30. Marsh & McLennan's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €5.48. Marsh & McLennan's Cyclically Adjusted Price-to-FCF for today is 37.10.

The historical rank and industry rank for Marsh & McLennan's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

STU:MSN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 27.35   Med: 38.61   Max: 49.94
Current: 39.37

During the past years, Marsh & McLennan's highest Cyclically Adjusted Price-to-FCF was 49.94. The lowest was 27.35. And the median was 38.61.

STU:MSN's Cyclically Adjusted Price-to-FCF is ranked worse than
88.14% of 312 companies
in the Insurance industry
Industry Median: 12.925 vs STU:MSN: 39.37

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Marsh & McLennan's adjusted free cash flow per share data for the three months ended in Mar. 2025 was €-1.265. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €5.48 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marsh & McLennan Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Marsh & McLennan's Cyclically Adjusted Price-to-FCF 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.

* Premium members only.

Marsh & McLennan Cyclically Adjusted Price-to-FCF Chart

Marsh & McLennan Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.87 43.56 35.93 35.70 36.36

Marsh & McLennan Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF 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 38.55 38.47 39.31 36.36 41.12

Competitive Comparison of Marsh & McLennan's Cyclically Adjusted Price-to-FCF

For the Insurance Brokers subindustry, Marsh & McLennan's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Marsh & McLennan's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Marsh & McLennan's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Marsh & McLennan's Cyclically Adjusted Price-to-FCF falls into.


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Marsh & McLennan Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Marsh & McLennan's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=203.30/5.48
=37.10

* 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 & McLennan's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Marsh & McLennan's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-1.265/134.9266*134.9266
=-1.265

Current CPI (Mar. 2025) = 134.9266.

Marsh & McLennan Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.906 100.684 1.214
201509 1.344 100.392 1.806
201512 1.442 99.792 1.950
201603 -1.079 100.470 -1.449
201606 1.266 101.688 1.680
201609 1.402 101.861 1.857
201612 1.485 101.863 1.967
201703 -0.826 102.862 -1.083
201706 1.130 103.349 1.475
201709 1.166 104.136 1.511
201712 1.099 104.011 1.426
201803 -0.666 105.290 -0.853
201806 1.170 106.317 1.485
201809 1.376 106.507 1.743
201812 1.760 105.998 2.240
201903 -0.604 107.251 -0.760
201906 0.742 108.070 0.926
201909 1.647 108.329 2.051
201912 1.643 108.420 2.045
202003 -1.342 108.902 -1.663
202006 1.971 108.767 2.445
202009 2.227 109.815 2.736
202012 2.096 109.897 2.573
202103 -0.780 111.754 -0.942
202106 1.741 114.631 2.049
202109 2.000 115.734 2.332
202112 2.250 117.630 2.581
202203 -1.470 121.301 -1.635
202206 2.178 125.017 2.351
202209 2.520 125.227 2.715
202212 2.631 125.222 2.835
202303 -1.687 127.348 -1.787
202306 2.558 128.729 2.681
202309 3.190 129.860 3.314
202312 3.056 129.419 3.186
202403 -1.607 131.776 -1.645
202406 2.126 132.554 2.164
202409 3.341 133.029 3.389
202412 3.620 133.157 3.668
202503 -1.265 134.927 -1.265

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Marsh & McLennan  (STU:MSN) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Marsh & McLennan Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Marsh & McLennan's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Marsh & McLennan Business Description

Address
1166 Avenue of the Americas, New York, NY, USA, 10036-2774
Marsh McLennan 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.

Marsh & McLennan Headlines

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