Marsh & McLennan (LIM:MMC) Cyclically Adjusted PS Ratio: (As of Jul. 29, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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 $223.74
! 5 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
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

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 Jun. 2026 is calculated as:

For example, Marsh & McLennan'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)
=15.113/333.9520*333.9520
=15.113

Current CPI (Jun. 2026) = 333.9520.

Marsh & McLennan Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 5.994 241.428 8.291
201612 6.457 241.432 8.931
201703 6.711 243.801 9.193
201706 6.721 244.955 9.163
201709 6.437 246.819 8.709
201712 7.141 246.524 9.674
201803 7.782 249.554 10.414
201806 7.293 251.989 9.665
201809 6.871 252.439 9.090
201812 7.307 251.233 9.713
201903 7.967 254.202 10.466
201906 8.494 256.143 11.074
201909 7.765 256.759 10.099
201912 8.344 256.974 10.843
202003 9.120 258.115 11.800
202006 8.198 257.797 10.620
202009 7.750 260.280 9.944
202012 8.575 260.474 10.994
202103 9.889 264.877 12.468
202106 9.780 271.696 12.021
202109 8.934 274.310 10.876
202112 10.014 278.802 11.995
202203 10.902 287.504 12.663
202206 10.630 296.311 11.980
202209 9.483 296.808 10.670
202212 10.004 296.797 11.256
202303 11.848 301.836 13.109
202306 11.776 305.109 12.889
202309 10.786 307.789 11.703
202312 11.130 306.746 12.117
202403 13.024 312.332 13.926
202406 12.542 314.175 13.332
202409 11.486 315.301 12.165
202412 12.232 315.605 12.943
202503 14.265 319.799 14.896
202506 14.089 322.561 14.587
202509 12.856 324.800 13.218
202512 13.459 324.054 13.870
202603 15.507 330.213 15.683
202606 15.113 333.952 15.113

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 24.4% below its estimated GF Value™ of $223.74.

Key valuation signals for LIM:MMC:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $223.74 vs. price of $169.15 (24.4% below fair value)
  • GF Score™: 78/100 with 5 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
$223.74
GF Value