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AonAON -0.93%84 EV-to-FCF is 26.01 as of Jul. 21, 2026, which is 9% below its 10-year median of 28.43. GuruFocus rates AON with a GF Score™ of 84/100 and a GF Value™ of $398.30 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 394 Insurance companies, Aon ranks worse than 84.26% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Aon's Enterprise Value is $90,964 Mil.
Aon's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $3,497 Mil. Therefore, Aon's EV-to-FCF for today is 26.01.
The historical rank and industry rank for Aon's EV-to-FCF or its related term are showing as below:
AON'
s EV-to-FCF Range Over the Past 10 Years
Min: 16.38 Med: 28.43 Max: 102.84
Current: 26.01
During the past 13 years, the highest EV-to-FCF of Aon was 102.84. The lowest was 16.38. And the median was 28.43.
AON's EV-to-FCF is ranked worse than 84.26% of 394
companies
in the Insurance industry
Industry Median: 9.785
vs AON: 26.01
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
As of today (2026-07-21), Aon's stock price is $359.40.
Aon's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $18.220. Therefore, Aon's PE Ratio (TTM) for today is 19.73.
Aon (NYSE:AON) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Aon's share price for today is $359.40.
Aon's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $18.220.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Aon EV-to-FCF Related Terms
Aon EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Aon's EV-to-FCF 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.
For the Insurance Brokers subindustry, Aon's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Insurance Industry
For the Insurance industry and Financial Services sector, Aon's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Aon's EV-to-FCF falls into.
Aon's current Enterprise Value is $90,964 Mil.
Aon's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,497 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 (AON) has a EV-to-FCF of 26.01 as of Jul. 21, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Aon and its competitors. This is near median its historical median of 28.43. Over the past decade, Aon's EV-to-FCF has ranged from 16.38 to 102.84. According to the industry distribution chart, Aon ranks #332 out of 394 companies in the Insurance industry, placing it in the top 84.3%.
Is Aon's EV-to-FCF too high?
Aon's current EV-to-FCF of 26.01 is near median its 10-year median of 28.43. Over the past 10 years, this metric has ranged from a low of 16.38 to a high of 102.84. The Insurance industry median EV-to-FCF is 9.79. Aon's value of 26.01 is 165.8% above this industry median. Based on the distribution chart, Aon ranks #332 out of 394 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Aon has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aon's EV-to-FCF compare to MRSH and AJG?
According to the Insurance industry distribution chart, Aon ranks #332 out of 394 companies for EV-to-FCF. This places Aon in the lower half of its industry. The industry median EV-to-FCF is 9.79. Aon's value of 26.01 is 165.8% above this benchmark. Historically, Aon's own EV-to-FCF has ranged from 16.38 to 102.84 over the past decade. While the company's 10-year median is 28.43 vs. the industry median of 9.79, 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-FCF for an Insurance company?
The median EV-to-FCF among Insurance companies is 9.79, based on 394 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aon's current EV-to-FCF of 26.01 is 165.8% 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Aon and its competitors. For the Insurance industry, the median EV-to-FCF is 9.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aon's current EV-to-FCF is 26.01, which is near median its own 10-year median of 28.43. 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 Modestly Undervalued. The stock's GF Value™ is $398.30, compared to a current price of $359.40 — trading 9.8% below its estimated fair value. The current EV-to-FCF is 26.01, which is near median its 10-year median of 28.43 and 165.8% above the Insurance industry median of 9.79. Aon's overall GF Score™ is 84/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Aon (AON), the current EV-to-FCF is 26.01 as of Jul. 21, 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 $359.40 is trading 9.8% below its estimated GF Value™ of $398.30.
GuruFocus considers Aon to be Modestly Undervalued.
Key valuation signals for AON:
EV-to-FCF: 26.01 (near median its 10-year median of 28.43)
GF Value™: $398.30 vs. price of $359.40 (9.8% below fair value)
Industry Position: 165.8% above the Insurance median (#332 of 394)
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 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.
84GF Score
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EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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