MarshHAM:MSN -0.51%64 Forward PE Ratio is 17.57 as of Jul. 11, 2026. GuruFocus rates HAM:MSN with a GF Score™ of 64/100 and a GF Value™ of €224.50 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 274 Insurance companies, Marsh ranks worse than 78.47% on this metric.
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Marsh Forward PE Ratio Related Terms
Marsh Forward PE Ratio Historical Data
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The historical data trend for Marsh's Forward PE 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 Forward PE Ratio Chart
Marsh Annual Data
Trend
2025-12
Forward PE Ratio
17.56
Marsh Quarterly Data
2025-12
2026-03
Forward PE Ratio
17.56
17.27
HAM:MSN vs AON, AJG, WTW: Forward PE Ratio Comparison
For the Insurance Brokers subindustry, Marsh's Forward PE Ratio, along with its competitors' market caps and Forward 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.
Marsh Forward PE Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, Marsh's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Marsh's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Marsh (HAM:MSN) has a Forward PE Ratio of 17.57 as of Jul. 11, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Marsh and its competitors. According to the industry distribution chart, Marsh ranks #215 out of 274 companies in the Insurance industry, placing it in the top 78.5%.
Is Marsh's Forward PE Ratio too high?
Marsh's current Forward PE Ratio is 17.57. The Insurance industry median Forward PE Ratio is 11.77. Marsh's value of 17.57 is 49.3% above this industry median. Based on the distribution chart, Marsh ranks #215 out of 274 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Marsh has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Marsh's Forward PE Ratio compare to AON and AJG?
According to the Insurance industry distribution chart, Marsh ranks #215 out of 274 companies for Forward PE Ratio. This places Marsh in the lower half of its industry. The industry median Forward PE Ratio is 11.77. Marsh's value of 17.57 is 49.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for an Insurance company?
The median Forward PE Ratio among Insurance companies is 11.77, based on 274 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Marsh's current Forward PE Ratio of 17.57 is 49.3% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Marsh and its competitors. For the Insurance industry, the median Forward PE Ratio is 11.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marsh's current Forward PE Ratio is 17.57. 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 (HAM:MSN) is currently considered Significantly Undervalued. The stock's GF Value™ is €224.50, compared to a current price of €156.20 — trading 30.4% below its estimated fair value. The current Forward PE Ratio is 17.57 and 49.3% above the Insurance industry median of 11.77. Marsh's overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Marsh (HAM:MSN), the current Forward PE Ratio is 17.57 as of Jul. 11, 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 (HAM:MSN) Overvalued in 2026?
Based on GuruFocus' analysis, Marsh stock appears to be undervalued.
The current stock price of €156.20 is trading 30.4% below its estimated GF Value™ of €224.50.
GuruFocus considers Marsh to be Significantly Undervalued.
Key valuation signals for HAM:MSN:
Forward PE Ratio: 17.57
GF Value™: €224.50 vs. price of €156.20 (30.4% below fair value)
Industry Position: 49.3% above the Insurance median (#215 of 274)
No single metric tells the full story. See the HAM:MSN 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.
64GF Score
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