Marsh (MEX:MRSH) Cyclically Adjusted PS Ratio: 3.68 (As of Aug. 29, 2026) — 13% Below Median

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MEX:MRSH Marsh MEX:MRSH
79 GF Score
Price MXN3,086.88
GF Value MXN4,531.17
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Marsh Cyclically Adjusted PS Ratio?

Marsh MEX:MRSH 79 Cyclically Adjusted PS Ratio is 3.68 as of Aug. 29, 2026, which is 13% below its 10-year median of 4.25. GuruFocus rates MEX:MRSH with a GF Score™ of 79/100 and a GF Value™ of MXN4,531.17 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 403 Insurance companies, Marsh ranks worse than 88.83% on this metric.

As of today (2026-08-29), Marsh's current share price is MXN3086.88. Marsh's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was MXN839.42. Marsh's Cyclically Adjusted PS Ratio for today is 3.68.

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

MEX:MRSH' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.76   Med: 4.25   Max: 6.01
Current: 4.17

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.

MEX:MRSH's Cyclically Adjusted PS Ratio is ranked worse than
88.83% of 403 companies
in the Insurance industry
Industry Median: 1.27 vs MEX:MRSH: 4.17

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 MXN268.034. 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 MXN839.42 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Marsh  (MEX: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

MEX: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.


MEX:MRSH
79GF Score
Marsh MEX: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
=3086.88/839.42
=3.68

* 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)
=268.034/333.9520*333.9520
=268.034

Current CPI (Jun. 2026) = 333.9520.

Marsh Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 115.902 241.428 160.320
201612 133.120 241.432 184.133
201703 126.356 243.801 173.079
201706 121.492 244.955 165.632
201709 116.826 246.819 158.068
201712 140.255 246.524 189.995
201803 141.382 249.554 189.197
201806 143.303 251.989 189.914
201809 128.514 252.439 170.011
201812 143.475 251.233 190.714
201903 154.539 254.202 203.022
201906 163.163 256.143 212.727
201909 153.300 256.759 199.389
201912 157.376 256.974 204.519
202003 213.837 258.115 276.665
202006 189.219 257.797 245.116
202009 171.205 260.280 219.664
202012 170.569 260.474 218.685
202103 202.143 264.877 254.858
202106 194.675 271.696 239.283
202109 183.695 274.310 223.635
202112 205.420 278.802 246.054
202203 217.065 287.504 252.133
202206 213.863 296.311 241.030
202209 190.753 296.808 214.625
202212 195.038 296.797 219.454
202303 213.560 301.836 236.283
202306 201.879 305.109 220.963
202309 187.873 307.789 203.843
202312 188.928 306.746 205.684
202403 216.152 312.332 231.114
202406 229.777 314.175 244.241
202409 226.161 315.301 239.539
202412 255.104 315.605 269.934
202503 291.829 319.799 304.744
202506 265.283 322.561 274.651
202509 235.838 324.800 242.483
202512 241.848 324.054 249.235
202603 281.882 330.213 285.074
202606 268.034 333.952 268.034

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 3.68 mean?
Marsh (MEX:MRSH) has a Cyclically Adjusted PS Ratio of 3.68 as of Aug. 29, 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 13% 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 #358 out of 403 companies in the Insurance industry, placing it in the top 88.8%.
Is Marsh's Cyclically Adjusted PS Ratio too high?
Marsh's current Cyclically Adjusted PS Ratio of 3.68 is 13% 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 1.27. Marsh's value of 3.68 is 189.8% above this industry median. Based on the distribution chart, Marsh ranks #358 out of 403 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Marsh has a GF Score™ of 79/100 and is considered Significantly Undervalued, 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 #358 out of 403 companies for Cyclically Adjusted PS Ratio. This places Marsh in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.27. Marsh's value of 3.68 is 189.8% 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 1.27, 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 1.27, based on 403 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 3.68 is 189.8% 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 1.27 — 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 3.68, which is 13% 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?
Based on GuruFocus' analysis, Marsh (MEX:MRSH) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN4,531.17, compared to a current price of MXN3,086.88 — trading 31.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.68, which is 13% below median its 10-year median of 4.25 and 189.8% above the Insurance industry median of 1.27. Marsh's overall GF Score™ is 79/100 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 (MEX:MRSH), the current Cyclically Adjusted PS Ratio is 3.68 as of Aug. 29, 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 (MEX:MRSH) Overvalued in 2026?

Based on GuruFocus' analysis, Marsh stock appears to be undervalued. The current stock price of MXN3,086.88 is trading 31.9% below its estimated GF Value™ of MXN4,531.17. GuruFocus considers Marsh to be Significantly Undervalued.

Key valuation signals for MEX:MRSH:

  • Cyclically Adjusted PS Ratio: 3.68 (13% below median its 10-year median of 4.25)
  • GF Value™: MXN4,531.17 vs. price of MXN3,086.88 (31.9% below fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 189.8% above the Insurance median (#358 of 403)

No single metric tells the full story. See the MEX: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.
79GF Score

Get the complete analysis for MEX:MRSH

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

MXN3,086.88
Price
MXN4,531.17
GF Value