Marsh (FRA:MSN) ROCE %: 19.47% (As of Mar. 2026)


FRA:MSN Marsh FRA:MSN
78 GF Score
Price €143.35
GF Value €217.53
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Marsh ROCE %?

Marsh FRA:MSN +4.18% 78 ROCE % is 19.47% as of Mar. 2026. GuruFocus rates FRA:MSN with a GF Score™ of 78/100 and a GF Value™ of €217.53 (Significantly Undervalued). The stock has 4 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Marsh's annualized ROCE % for the quarter that ended in Mar. 2026 was 19.47%.

Marsh  (FRA:MSN) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Marsh ROCE % Related Terms

Marsh ROCE % Historical Data

* Premium members only.

The historical data trend for Marsh's ROCE % 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 ROCE % Chart

Marsh Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.78 17.41 20.27 19.29 16.46

Marsh Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 21.98 19.16 12.87 13.73 19.47
FRA:MSN
78GF Score
Marsh FRA:MSN
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Marsh ROCE % Calculation

Marsh's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=5550.146/( ( (53939.355 - 18639.69) + (50138.34 - 17985.24) )/ 2 )
=5550.146/( (35299.665+32153.1)/ 2 )
=5550.146/33726.3825
=16.46 %

Marsh's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=6300.66/( ( (50138.34 - 17985.24) + (50647.48 - 18082.825) )/ 2 )
=6300.66/( ( 32153.1 + 32564.655 )/ 2 )
=6300.66/32358.8775
=19.47 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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 ROCE % →
What does a ROCE % of 19.47% mean?
Marsh (FRA:MSN) has a ROCE % of 19.47% as of Mar. 2026.
Is Marsh's ROCE % too high?
Marsh's current ROCE % is 19.47%. The Insurance industry median ROCE % is 8.20. Marsh's value of 19.47% is 137.6% above this industry median. Overall, Marsh has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Marsh's ROCE % compare to AON and AJG?
Marsh's ROCE % of 19.47% can be compared against companies in the Insurance industry. The industry median ROCE % is 8.20. Marsh's value of 19.47% is 137.6% 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 ROCE % for an Insurance company?
The median ROCE % among Insurance companies is 8.20, based on 62 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Marsh's current ROCE % of 19.47% is 137.6% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Insurance industry, the median ROCE % is 8.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marsh's current ROCE % is 19.47%. 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 (FRA:MSN) is currently considered Significantly Undervalued. The stock's GF Value™ is €217.53, compared to a current price of €143.35 — trading 34.1% below its estimated fair value. The current ROCE % is 19.47% and 137.6% above the Insurance industry median of 8.20. Marsh'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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Marsh (FRA:MSN), the current ROCE % is 19.47% as of Mar. 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 (FRA:MSN) Overvalued in 2026?

Based on GuruFocus' analysis, Marsh stock appears to be undervalued. The current stock price of €143.35 is trading 34.1% below its estimated GF Value™ of €217.53. GuruFocus considers Marsh to be Significantly Undervalued.

Key valuation signals for FRA:MSN:

  • ROCE %: 19.47%
  • GF Value™: €217.53 vs. price of €143.35 (34.1% below fair value)
  • GF Score™: 78/100 with 4 warning signs
  • Industry Position: 137.6% above the Insurance median

No single metric tells the full story. See the FRA:MSN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Marsh Business Description

Address 1166 Avenue of the Americas, New York, NY, USA, 10036-2774
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 FRA:MSN

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

€143.35
Price
€217.53
GF Value