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Marsh & McLennanLIM:MMC 78 Debt-to-EBITDA is 2.57 as of Jun. 2026, which is 3% above its 10-year median of 2.50. GuruFocus rates LIM:MMC with a GF Score™ of 78/100 and a GF Value™ of $238.23. The stock has 4 warning signs investors should review. Among 322 Insurance companies, Marsh & McLennan ranks worse than 81.68% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Marsh & McLennan's Debt-to-EBITDA or its related term are showing as below:
LIM:MMC'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.55 Med: 2.5 Max: 3.94
Current: 3.1
During the past 13 years, the highest Debt-to-EBITDA Ratio of Marsh & McLennan was 3.94. The lowest was 1.55. And the median was 2.50.
LIM:MMC's Debt-to-EBITDA is ranked worse than 81.68% of 322
companies
in the Insurance industry
Industry Median: 1.185
vs LIM:MMC: 3.10
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Marsh & McLennan Debt-to-EBITDA Related Terms
Marsh & McLennan Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Marsh & McLennan's Debt-to-EBITDA 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.
LIM:MMC vs AON, AJG, WTW: Debt-to-EBITDA Comparison
For the Insurance Brokers subindustry, Marsh & McLennan's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Insurance Industry
For the Insurance industry and Financial Services sector, Marsh & McLennan's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Marsh & McLennan's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.
Marsh & McLennan (LIM:MMC) has a Debt-to-EBITDA of 2.57 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Marsh & McLennan. This is near median its historical median of 2.50. Over the past decade, Marsh & McLennan's Debt-to-EBITDA has ranged from 1.55 to 3.94. According to the industry distribution chart, Marsh & McLennan ranks #263 out of 322 companies in the Insurance industry, placing it in the top 81.7%.
Is Marsh & McLennan's Debt-to-EBITDA too high?
Marsh & McLennan's current Debt-to-EBITDA of 2.57 is near median its 10-year median of 2.50. Over the past 10 years, this metric has ranged from a low of 1.55 to a high of 3.94. The Insurance industry median Debt-to-EBITDA is 1.19. Marsh & McLennan's value of 2.57 is 116.9% above this industry median. Based on the distribution chart, Marsh & McLennan ranks #263 out of 322 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Marsh & McLennan has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Marsh & McLennan's Debt-to-EBITDA compare to AON and AJG?
According to the Insurance industry distribution chart, Marsh & McLennan ranks #263 out of 322 companies for Debt-to-EBITDA. This places Marsh & McLennan in the lower half of its industry. The industry median Debt-to-EBITDA is 1.19. Marsh & McLennan's value of 2.57 is 116.9% above this benchmark. Historically, Marsh & McLennan's own Debt-to-EBITDA has ranged from 1.55 to 3.94 over the past decade. While the company's 10-year median is 2.50 vs. the industry median of 1.19, Marsh & McLennan 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 Debt-to-EBITDA for an Insurance company?
The median Debt-to-EBITDA among Insurance companies is 1.19, based on 322 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Marsh & McLennan's current Debt-to-EBITDA of 2.57 is 116.9% 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Marsh & McLennan. For the Insurance industry, the median Debt-to-EBITDA is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marsh & McLennan's current Debt-to-EBITDA is 2.57, which is near median its own 10-year median of 2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marsh & McLennan stock overvalued right now?
Marsh & McLennan (LIM:MMC) has a current Debt-to-EBITDA of 2.57. The stock's GF Value™ is $238.23, compared to a current price of $169.15 — trading 29% below its estimated fair value. The current Debt-to-EBITDA is 2.57, which is near median its 10-year median of 2.50 and 116.9% above the Insurance industry median of 1.19. Marsh & McLennan's overall GF Score™ is 78/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Marsh & McLennan (LIM:MMC), the current Debt-to-EBITDA is 2.57 as of Jun. 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 & 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% below its estimated GF Value™ of $238.23.
Key valuation signals for LIM:MMC:
Debt-to-EBITDA: 2.57 (near median its 10-year median of 2.50)
GF Value™: $238.23 vs. price of $169.15 (29% below fair value)
Industry Position: 116.9% above the Insurance median (#263 of 322)
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 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
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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