Aon (AON) EV-to-EBIT: 15.63 (As of Aug. 06, 2026) — 32% Below Median

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.
Reviewed by: Charlie Tian Charlie Tian
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.

AON Aon PLC AON
90 GF Score
Price $360.75
GF Value $391.48
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Aon EV-to-EBIT?

Aon AON +0.22% 90 EV-to-EBIT is 15.63 as of Aug. 06, 2026, which is 32% below its 10-year median of 22.87. GuruFocus rates AON with a GF Score™ of 90/100 and a GF Value™ of $391.48 (Fairly Valued). The stock has 2 warning signs investors should review. Among 347 Insurance companies, Aon ranks worse than 77.81% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Aon's Enterprise Value is $91,243 Mil. Aon's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $5,838 Mil. Therefore, Aon's EV-to-EBIT for today is 15.63.

The historical rank and industry rank for Aon's EV-to-EBIT or its related term are showing as below:

AON' s EV-to-EBIT Range Over the Past 10 Years
Min: 13.9   Med: 22.87   Max: 44.34
Current: 15.63

During the past 13 years, the highest EV-to-EBIT of Aon was 44.34. The lowest was 13.90. And the median was 22.87.

AON's EV-to-EBIT is ranked worse than
77.81% of 347 companies
in the Insurance industry
Industry Median: 8.58 vs AON: 15.63

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Aon's Enterprise Value for the quarter that ended in Jun. 2026 was $85,037 Mil. Aon's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $5,838 Mil. Aon's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 6.87%.


Aon  (NYSE:AON) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Aon's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2026 ) =EBIT / Enterprise Value (Q: Jun. 2026 )
=5838/85037.28
=6.87 %

Aon's Enterprise Value for the quarter that ended in Jun. 2026 was $85,037 Mil.
Aon's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,838 Mil.

* 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 EV-to-EBIT Related Terms


Aon EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Aon's EV-to-EBIT 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 EV-to-EBIT Chart

Aon Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.95 20.29 18.82 22.23 16.00

Aon Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBIT 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 22.76 21.85 16.00 14.21 14.57

AON vs MRSH, AJG, WTW: EV-to-EBIT Comparison

For the Insurance Brokers subindustry, Aon's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Insurance Industry

For the Insurance industry and Financial Services sector, Aon's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Aon's EV-to-EBIT falls into.


AON
90GF Score
Aon PLC AON
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aon EV-to-EBIT Calculation

Aon's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=91243.247/5838
=15.63

Aon's current Enterprise Value is $91,243 Mil.
Aon's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,838 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 15.63 mean?
Aon (AON) has a EV-to-EBIT of 15.63 as of Aug. 06, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Aon and its competitors. This is 32% below median its historical median of 22.87. Over the past decade, Aon's EV-to-EBIT has ranged from 13.90 to 44.34. According to the industry distribution chart, Aon ranks #270 out of 347 companies in the Insurance industry, placing it in the top 77.8%.
Is Aon's EV-to-EBIT too high?
Aon's current EV-to-EBIT of 15.63 is 32% below median its 10-year median of 22.87. Over the past 10 years, this metric has ranged from a low of 13.90 to a high of 44.34. The Insurance industry median EV-to-EBIT is 8.58. Aon's value of 15.63 is 82.2% above this industry median. Based on the distribution chart, Aon ranks #270 out of 347 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Aon has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aon's EV-to-EBIT compare to MRSH and AJG?
According to the Insurance industry distribution chart, Aon ranks #270 out of 347 companies for EV-to-EBIT. This places Aon in the lower half of its industry. The industry median EV-to-EBIT is 8.58. Aon's value of 15.63 is 82.2% above this benchmark. Historically, Aon's own EV-to-EBIT has ranged from 13.90 to 44.34 over the past decade. While the company's 10-year median is 22.87 vs. the industry median of 8.58, 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 EV-to-EBIT for an Insurance company?
The median EV-to-EBIT among Insurance companies is 8.58, based on 347 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aon's current EV-to-EBIT of 15.63 is 82.2% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Aon and its competitors. For the Insurance industry, the median EV-to-EBIT is 8.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aon's current EV-to-EBIT is 15.63, which is 32% below median its own 10-year median of 22.87. 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 (AON) is currently considered Fairly Valued. The stock's GF Value™ is $391.48, compared to a current price of $360.75 — trading 7.8% below its estimated fair value. The current EV-to-EBIT is 15.63, which is 32% below median its 10-year median of 22.87 and 82.2% above the Insurance industry median of 8.58. Aon's overall GF Score™ is 90/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Aon (AON), the current EV-to-EBIT is 15.63 as of Aug. 06, 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 (AON) Overvalued in 2026?

Based on GuruFocus' analysis, Aon stock appears to be undervalued. The current stock price of $360.75 is trading 7.8% below its estimated GF Value™ of $391.48. GuruFocus considers Aon to be Fairly Valued.

Key valuation signals for AON:

  • EV-to-EBIT: 15.63 (32% below median its 10-year median of 22.87)
  • GF Value™: $391.48 vs. price of $360.75 (7.8% below fair value)
  • GF Score™: 90/100 with 2 warning signs
  • Industry Position: 82.2% above the Insurance median (#270 of 347)

No single metric tells the full story. See the AON 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.
90GF Score

Get the complete analysis for AON

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

$360.75
Price
$391.48
GF Value