Research / Stock / MRSH
M
MRSH
MARSH & MCLENNAN COMPANIES, INC.
193.40
-1.27 -0.65%
close 2026-08-25
Assumptions
-2.2%
Market is pricing -2.2%— you agree
Actually grew +10.5%/yrFCF, 2020–2025 — the market is pricing 12.7pts SLOWER than history
10 yrs
3.00%
6.56%
6.6% derived for this company beta 0.55 (1254d vs the S&P 500) · cost of equity 7.2% = 4.7% risk-free + 0.55 × 4.5% premium · 18% debt at 4.9%, taxed at 24%
Fair value
$193.17
-0.1%
At the market's assumptionsCurrent price $193.40Enterprise value 93.5B
Bear $127.18 (-7.2% growth)Bull $293.91 (2.8%)
Today's market price is inside the range · band = your growth ±5pts, same model · the market itself prices -2.2%
Y1
Y2
Y3
Y4
Y5
Y6
Y7
Y8
Y9
Y10
Present value of each projected year, Y1–Y10
34% the 10 forecast years66% terminal value