Aon (MEX:AONN) E10: MXN198.41 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
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 MXN5,226.42
GF Value MXN6,603.73
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Aon E10?

Aon MEX:AONN 85 E10 is MXN198.41 as of Jun. 2026. GuruFocus rates MEX:AONN with a GF Score™ of 85/100 and a GF Value™ of MXN6,603.73 (Modestly Undervalued). The stock has 1 warning sign investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Aon's adjusted earnings per share data for the three months ended in Jun. 2026 was MXN44.810. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN198.41 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Aon's average E10 Growth Rate was 15.60% per year. During the past 3 years, the average E10 Growth Rate was 14.20% per year. During the past 5 years, the average E10 Growth Rate was 16.10% per year. During the past 10 years, the average E10 Growth Rate was 11.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Aon was 17.50% per year. The lowest was 2.90% per year. And the median was 6.50% per year.

As of today (2026-09-17), Aon's current stock price is MXN5226.42. Aon's E10 for the quarter that ended in Jun. 2026 was MXN198.41. Aon's Shiller PE Ratio of today is 26.34.

During the past 13 years, the highest Shiller PE Ratio of Aon was 64.16. The lowest was 28.05. And the median was 41.79.


Aon  (MEX:AONN) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Aon's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=5226.42/198.413
=26.34

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Aon was 64.16. The lowest was 28.05. And the median was 41.79.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Aon E10 Related Terms


Aon E10 Historical Data

* Premium members only.

The historical data trend for Aon's E10 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 E10 Chart

Aon Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 89.65 116.91 139.03 156.25 183.40

Aon Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 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 171.57 173.82 185.05 195.21 198.41

MEX:AONN vs AJG, MRSH, WTW: E10 Comparison

For the Insurance Brokers subindustry, Aon's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Insurance Industry

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

* The bar in red indicates where Aon's Shiller PE Ratio falls into.


MEX:AONN
85GF Score
Aon PLC MEX:AONN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aon E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, Aon's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=44.8095/128.6700*128.6700
=44.810

Current CPI (Jun. 2026) = 128.6700.

Aon Quarterly Data

per share eps CPI Adj_EPS
201609 22.193 100.274 28.478
201612 33.426 99.676 43.149
201703 22.127 100.374 28.365
201706 -2.050 100.673 -2.620
201709 12.475 100.474 15.976
201712 0.377 100.075 0.485
201803 43.870 100.573 56.126
201806 3.687 101.072 4.693
201809 11.361 101.371 14.420
201812 22.008 100.773 28.101
201903 51.925 101.670 65.715
201906 21.821 102.168 27.481
201909 18.042 102.268 22.699
201912 30.382 102.068 38.301
202003 65.992 102.367 82.948
202006 39.745 101.769 50.251
202009 26.033 101.072 33.142
202012 46.649 101.072 59.387
202103 81.481 102.367 102.417
202106 33.284 103.364 41.433
202109 -79.979 104.859 -98.141
202112 80.985 106.653 97.703
202203 96.937 109.245 114.173
202206 46.791 112.779 53.383
202209 38.850 113.504 44.041
202212 61.803 115.436 68.889
202303 94.591 117.609 103.487
202306 48.045 119.662 51.661
202309 38.034 120.749 40.530
202312 43.301 120.749 46.141
202403 90.951 120.990 96.724
202406 42.359 122.318 44.558
202409 29.729 121.594 31.459
202412 65.912 122.439 69.266
202503 90.388 123.405 94.244
202506 52.027 124.492 53.773
202509 39.380 124.810 40.598
202512 143.124 125.770 146.424
202603 98.805 127.830 99.455
202606 44.810 128.670 44.810

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of MXN198.41 mean?
Aon (MEX:AONN) has a E10 of MXN198.41 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Aon and its competitors.
Is Aon's E10 too high?
Aon's current E10 is MXN198.41. 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 E10 compare to AJG and MRSH?
Aon's E10 of MXN198.41 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for an Insurance company?
A good E10 depends on the Insurance industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Aon and its competitors. Aon's current E10 is MXN198.41. 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 MXN6,603.73, compared to a current price of MXN5,226.42 — trading 20.9% below its estimated fair value. The current E10 is MXN198.41. 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 E10 calculated?
E10 is calculated from a company's financial statements. For Aon (MEX:AONN), the current E10 is MXN198.41 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 Aon (MEX:AONN) Overvalued in 2026?

Based on GuruFocus' analysis, Aon stock appears to be undervalued. The current stock price of MXN5,226.42 is trading 20.9% below its estimated GF Value™ of MXN6,603.73. GuruFocus considers Aon to be Modestly Undervalued.

Key valuation signals for MEX:AONN:

  • E10: MXN198.41
  • GF Value™: MXN6,603.73 vs. price of MXN5,226.42 (20.9% below fair value)
  • GF Score™: 85/100 with 1 warning sign

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

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN5,226.42
Price
MXN6,603.73
GF Value