Aon (MEX:AONN) Cyclically Adjusted PS Ratio: 4.08 (As of Sep. 18, 2026) — 26% Below Median

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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.

MEX:AONN Aon PLC MEX:AONN
85 GF Score
Price MXN5,120.00
GF Value MXN6,602.79
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Aon Cyclically Adjusted PS Ratio?

Aon MEX:AONN -2.04% 85 Cyclically Adjusted PS Ratio is 4.08 as of Sep. 18, 2026, which is 26% below its 10-year median of 5.51. GuruFocus rates MEX:AONN with a GF Score™ of 85/100 and a GF Value™ of MXN6,602.79 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 407 Insurance companies, Aon ranks worse than 92.38% on this metric.

As of today (2026-09-18), Aon's current share price is MXN5120.00. Aon's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was MXN1,255.93. Aon's Cyclically Adjusted PS Ratio for today is 4.08.

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

MEX:AONN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.47   Med: 5.51   Max: 7.63
Current: 4.64

During the past years, Aon's highest Cyclically Adjusted PS Ratio was 7.63. The lowest was 3.47. And the median was 5.51.

MEX:AONN's Cyclically Adjusted PS Ratio is ranked worse than
92.38% of 407 companies
in the Insurance industry
Industry Median: 1.25 vs MEX:AONN: 4.64

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.

Aon's adjusted revenue per share data for the three months ended in Jun. 2026 was MXN345.302. 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 MXN1,255.93 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aon  (MEX:AONN) 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.


Aon Cyclically Adjusted PS Ratio Related Terms


Aon Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Aon'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.

Aon Cyclically Adjusted PS Ratio Chart

Aon 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 0.00 6.39 5.76 6.30 5.42

Aon 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 5.73 5.65 5.38 4.69 4.53

MEX:AONN vs AJG, MRSH, WTW: Cyclically Adjusted PS Ratio Comparison

For the Insurance Brokers subindustry, Aon'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.


Aon Cyclically Adjusted PS Ratio vs Insurance Industry

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

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


MEX:AONN
85GF Score
Aon PLC MEX:AONN
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aon 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5120.00/1255.931
=4.08

* 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.

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

For example, Aon'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)
=345.302/128.6700*128.6700
=345.302

Current CPI (Jun. 2026) = 128.6700.

Aon Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 153.197 100.274 196.580
201612 195.159 99.676 251.927
201703 181.504 100.374 232.671
201706 166.697 100.673 213.056
201709 163.081 100.474 208.847
201712 216.377 100.075 278.204
201803 231.028 100.573 295.570
201806 198.595 101.072 252.823
201809 181.309 101.371 230.136
201812 222.266 100.773 283.797
201903 247.649 101.670 313.417
201906 204.267 102.168 257.253
201909 191.712 102.268 241.206
201912 234.123 102.068 295.142
202003 271.318 102.367 341.032
202006 248.855 101.769 314.635
202009 227.102 101.072 289.114
202012 266.009 101.072 338.645
202103 313.430 102.367 393.964
202106 253.450 103.364 315.500
202109 238.517 104.859 292.678
202112 287.811 106.653 347.224
202203 350.602 109.245 412.943
202206 276.914 112.779 315.932
202209 253.858 113.504 287.778
202212 296.505 115.436 330.498
202303 349.447 117.609 382.311
202306 274.455 119.662 295.116
202309 245.222 120.749 261.309
202312 294.149 120.749 313.446
202403 352.340 120.990 374.705
202406 303.139 122.318 318.880
202409 322.691 121.594 341.470
202412 379.728 122.439 399.052
202503 444.822 123.405 463.800
202506 381.354 124.492 394.153
202509 343.671 124.810 354.300
202512 363.431 125.770 371.811
202603 410.385 127.830 413.082
202606 345.302 128.670 345.302

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 4.08 mean?
Aon (MEX:AONN) has a Cyclically Adjusted PS Ratio of 4.08 as of Sep. 18, 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 Aon and its competitors. This is 26% below median its historical median of 5.51. Over the past decade, Aon's Cyclically Adjusted PS Ratio has ranged from 3.47 to 7.63. According to the industry distribution chart, Aon ranks #376 out of 407 companies in the Insurance industry, placing it in the top 92.4%.
Is Aon's Cyclically Adjusted PS Ratio too high?
Aon's current Cyclically Adjusted PS Ratio of 4.08 is 26% below median its 10-year median of 5.51. Over the past 10 years, this metric has ranged from a low of 3.47 to a high of 7.63. The Insurance industry median Cyclically Adjusted PS Ratio is 1.25. Aon's value of 4.08 is 226.4% above this industry median. Based on the distribution chart, Aon ranks #376 out of 407 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Aon has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aon's Cyclically Adjusted PS Ratio compare to AJG and MRSH?
According to the Insurance industry distribution chart, Aon ranks #376 out of 407 companies for Cyclically Adjusted PS Ratio. This places Aon in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.25. Aon's value of 4.08 is 226.4% above this benchmark. Historically, Aon's own Cyclically Adjusted PS Ratio has ranged from 3.47 to 7.63 over the past decade. While the company's 10-year median is 5.51 vs. the industry median of 1.25, Aon 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 1.25, based on 407 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. Aon's current Cyclically Adjusted PS Ratio of 4.08 is 226.4% 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 Aon and its competitors. For the Insurance industry, the median Cyclically Adjusted PS Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aon's current Cyclically Adjusted PS Ratio is 4.08, which is 26% below median its own 10-year median of 5.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aon stock overvalued right now?
Based on GuruFocus' analysis, Aon (MEX:AONN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN6,602.79, compared to a current price of MXN5,120.00 — trading 22.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.08, which is 26% below median its 10-year median of 5.51 and 226.4% above the Insurance industry median of 1.25. Aon's overall GF Score™ is 85/100 with 1 warning sign 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 Aon (MEX:AONN), the current Cyclically Adjusted PS Ratio is 4.08 as of Sep. 18, 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 Aon (MEX:AONN) Overvalued in 2026?

Based on GuruFocus' analysis, Aon stock appears to be undervalued. The current stock price of MXN5,120.00 is trading 22.5% below its estimated GF Value™ of MXN6,602.79. GuruFocus considers Aon to be Modestly Undervalued.

Key valuation signals for MEX:AONN:

  • Cyclically Adjusted PS Ratio: 4.08 (26% below median its 10-year median of 5.51)
  • GF Value™: MXN6,602.79 vs. price of MXN5,120.00 (22.5% below fair value)
  • GF Score™: 85/100 with 1 warning sign
  • Industry Position: 226.4% above the Insurance median (#376 of 407)

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


Aon Business Description

Address 15 George\'s Quay, Dublin 2, Dublin, IRL, D02 VR98
Aon is a leading global provider of insurance and reinsurance brokerage and human resources solutions. Its operations are tilted toward its brokerage operations. Headquartered in London, Aon has about 60,000 employees and operations in over 120 countries.
85GF Score

Get the complete analysis for MEX:AONN

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

MXN5,120.00
Price
MXN6,602.79
GF Value