Marsh (BUE:MRSH) Cyclically Adjusted PS Ratio: 3.60 (As of Sep. 08, 2026) — 15% Below Median

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BUE:MRSH Marsh BUE:MRSH
82 GF Score
Price ARS17,470.00
GF Value ARS23,955.18
! 4 Warning Signs
View Full Analysis

What is Marsh Cyclically Adjusted PS Ratio?

Marsh BUE:MRSH 82 Cyclically Adjusted PS Ratio is 3.60 as of Sep. 08, 2026, which is 15% below its 10-year median of 4.25. GuruFocus rates BUE:MRSH with a GF Score™ of 82/100 and a GF Value™ of ARS23,955.18. The stock has 4 warning signs investors should review. Among 408 Insurance companies, Marsh ranks worse than 88.24% on this metric.

As of today (2026-09-08), Marsh's current share price is ARS17470.00. Marsh's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ARS4,847.83. Marsh's Cyclically Adjusted PS Ratio for today is 3.60.

The historical rank and industry rank for Marsh's Cyclically Adjusted PS Ratio or its related term are showing as below:

BUE:MRSH' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.76   Med: 4.25   Max: 6.01
Current: 4.02

During the past years, Marsh's highest Cyclically Adjusted PS Ratio was 6.01. The lowest was 2.76. And the median was 4.25.

BUE:MRSH's Cyclically Adjusted PS Ratio is ranked worse than
88.24% of 408 companies
in the Insurance industry
Industry Median: 1.235 vs BUE:MRSH: 4.02

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Marsh's adjusted revenue per share data for the three months ended in Jun. 2026 was ARS91,011.013. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ARS4,847.83 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marsh  (BUE:MRSH) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Marsh Cyclically Adjusted PS Ratio Related Terms


Marsh Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Marsh's Cyclically Adjusted PS Ratio 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 Cyclically Adjusted PS Ratio Chart

Marsh Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.57 4.79 5.07 5.27 4.26

Marsh Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio 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 5.15 4.66 4.26 3.85 3.60

BUE:MRSH vs AON, AJG, WTW: Cyclically Adjusted PS Ratio Comparison

For the Insurance Brokers subindustry, Marsh's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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 Cyclically Adjusted PS Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Marsh's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Marsh's Cyclically Adjusted PS Ratio falls into.


BUE:MRSH
82GF Score
Marsh BUE:MRSH
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marsh Cyclically Adjusted PS Ratio Calculation

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

Marsh's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=17470.00/4847.83
=3.60

* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Marsh's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=91011.013/333.9520*333.9520
=91,011.013

Current CPI (Jun. 2026) = 333.9520.

Marsh Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 357.660 241.428 494.728
201612 409.427 241.432 566.325
201703 413.837 243.801 566.863
201706 443.274 244.955 604.324
201709 451.222 246.819 610.514
201712 545.466 246.524 738.912
201803 627.206 249.554 839.324
201806 727.547 251.989 964.192
201809 1,011.323 252.439 1,337.881
201812 1,102.055 251.233 1,464.909
201903 1,245.678 254.202 1,636.481
201906 1,518.039 256.143 1,979.176
201909 1,737.099 256.759 2,259.347
201912 1,995.105 256.974 2,592.750
202003 2,264.191 258.115 2,929.435
202006 2,244.845 257.797 2,907.988
202009 2,301.440 260.280 2,952.860
202012 2,791.255 260.474 3,578.650
202103 3,563.242 264.877 4,492.469
202106 3,705.734 271.696 4,554.860
202109 3,494.158 274.310 4,253.877
202112 4,045.112 278.802 4,845.278
202203 4,682.181 287.504 5,438.615
202206 5,116.641 296.311 5,766.619
202209 5,270.708 296.808 5,930.310
202212 6,708.672 296.797 7,548.508
202303 9,362.290 301.836 10,358.458
202306 11,304.529 305.109 12,373.185
202309 15,097.643 307.789 16,380.989
202312 16,072.096 306.746 17,497.567
202403 43,891.369 312.332 46,929.583
202406 44,926.657 314.175 47,754.745
202409 43,669.341 315.301 46,252.514
202412 49,416.694 315.605 52,289.424
202503 60,826.560 319.799 63,518.496
202506 66,907.187 322.561 69,269.964
202509 69,835.925 324.800 71,803.716
202512 77,984.276 324.054 80,366.250
202603 87,427.720 330.213 88,417.664
202606 91,011.013 333.952 91,011.013

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

What does a Cyclically Adjusted PS Ratio of 3.60 mean?
Marsh (BUE:MRSH) has a Cyclically Adjusted PS Ratio of 3.60 as of Sep. 08, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Marsh and its competitors. This is 15% below median its historical median of 4.25. Over the past decade, Marsh's Cyclically Adjusted PS Ratio has ranged from 2.76 to 6.01. According to the industry distribution chart, Marsh ranks #360 out of 408 companies in the Insurance industry, placing it in the top 88.2%.
Is Marsh's Cyclically Adjusted PS Ratio too high?
Marsh's current Cyclically Adjusted PS Ratio of 3.60 is 15% below median its 10-year median of 4.25. Over the past 10 years, this metric has ranged from a low of 2.76 to a high of 6.01. The Insurance industry median Cyclically Adjusted PS Ratio is 1.24. Marsh's value of 3.60 is 191.5% above this industry median. Based on the distribution chart, Marsh ranks #360 out of 408 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Marsh has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Marsh's Cyclically Adjusted PS Ratio compare to AON and AJG?
According to the Insurance industry distribution chart, Marsh ranks #360 out of 408 companies for Cyclically Adjusted PS Ratio. This places Marsh in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.24. Marsh's value of 3.60 is 191.5% above this benchmark. Historically, Marsh's own Cyclically Adjusted PS Ratio has ranged from 2.76 to 6.01 over the past decade. While the company's 10-year median is 4.25 vs. the industry median of 1.24, Marsh has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Insurance company?
The median Cyclically Adjusted PS Ratio among Insurance companies is 1.24, based on 408 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Marsh's current Cyclically Adjusted PS Ratio of 3.60 is 191.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Marsh and its competitors. For the Insurance industry, the median Cyclically Adjusted PS Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marsh's current Cyclically Adjusted PS Ratio is 3.60, which is 15% below median its own 10-year median of 4.25. 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?
Marsh (BUE:MRSH) has a current Cyclically Adjusted PS Ratio of 3.60. The stock's GF Value™ is ARS23,955.18, compared to a current price of ARS17,470.00 — trading 27.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.60, which is 15% below median its 10-year median of 4.25 and 191.5% above the Insurance industry median of 1.24. Marsh's overall GF Score™ is 82/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Marsh (BUE:MRSH), the current Cyclically Adjusted PS Ratio is 3.60 as of Sep. 08, 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 (BUE:MRSH) Overvalued in 2026?

Based on GuruFocus' analysis, Marsh stock appears to be undervalued. The current stock price of ARS17,470.00 is trading 27.1% below its estimated GF Value™ of ARS23,955.18.

Key valuation signals for BUE:MRSH:

  • Cyclically Adjusted PS Ratio: 3.60 (15% below median its 10-year median of 4.25)
  • GF Value™: ARS23,955.18 vs. price of ARS17,470.00 (27.1% below fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 191.5% above the Insurance median (#360 of 408)

No single metric tells the full story. See the BUE:MRSH 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.
82GF Score

Get the complete analysis for BUE:MRSH

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ARS17,470.00
Price
ARS23,955.18
GF Value