Marsh & McLennan (LIM:MMC) Cyclically Adjusted PS Ratio: (As of Jul. 15, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LIM:MMC Marsh & McLennan Companies Inc LIM:MMC
78 GF Score
Price $169.15
GF Value $239.93
! 4 Warning Signs
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What is Marsh & McLennan Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marsh & McLennan  (LIM:MMC) 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 & McLennan Cyclically Adjusted PS Ratio Related Terms


Marsh & McLennan Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

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

Marsh & McLennan 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 & McLennan Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 5.88 5.15 4.66 4.26 3.85

LIM:MMC vs AON, AJG, WTW: Cyclically Adjusted PS Ratio Comparison

For the Insurance Brokers subindustry, Marsh & McLennan'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 & McLennan Cyclically Adjusted PS Ratio vs Insurance Industry

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

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


LIM:MMC
78GF Score
Marsh & McLennan Companies Inc LIM:MMC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marsh & McLennan 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 & McLennan's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=15.507/330.2130*330.2130
=15.507

Current CPI (Mar. 2026) = 330.2130.

Marsh & McLennan Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 6.430 241.018 8.810
201609 5.994 241.428 8.198
201612 6.457 241.432 8.831
201703 6.711 243.801 9.090
201706 6.721 244.955 9.060
201709 6.437 246.819 8.612
201712 7.141 246.524 9.565
201803 7.782 249.554 10.297
201806 7.293 251.989 9.557
201809 6.871 252.439 8.988
201812 7.307 251.233 9.604
201903 7.967 254.202 10.349
201906 8.494 256.143 10.950
201909 7.765 256.759 9.986
201912 8.344 256.974 10.722
202003 9.120 258.115 11.667
202006 8.198 257.797 10.501
202009 7.750 260.280 9.832
202012 8.575 260.474 10.871
202103 9.889 264.877 12.328
202106 9.780 271.696 11.886
202109 8.934 274.310 10.755
202112 10.014 278.802 11.861
202203 10.902 287.504 12.522
202206 10.630 296.311 11.846
202209 9.483 296.808 10.550
202212 10.004 296.797 11.130
202303 11.848 301.836 12.962
202306 11.776 305.109 12.745
202309 10.786 307.789 11.572
202312 11.130 306.746 11.981
202403 13.024 312.332 13.770
202406 12.542 314.175 13.182
202409 11.486 315.301 12.029
202412 12.232 315.605 12.798
202503 14.265 319.799 14.730
202506 14.089 322.561 14.423
202509 12.856 324.800 13.070
202512 13.459 324.054 13.715
202603 15.507 330.213 15.507

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.

Is Marsh & McLennan (LIM:MMC) Overvalued in 2026?

Based on GuruFocus' analysis, Marsh & McLennan stock appears to be undervalued. The current stock price of $169.15 is trading 29.5% below its estimated GF Value™ of $239.93.

Key valuation signals for LIM:MMC:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $239.93 vs. price of $169.15 (29.5% below fair value)
  • GF Score™: 78/100 with 4 warning signs

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


Marsh & McLennan 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.
78GF Score

Get the complete analysis for LIM:MMC

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

$169.15
Price
$239.93
GF Value