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Marsh & McLennan Companies, Inc. (MRSH)
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Marsh & McLennan Companies, Inc. (MRSH) Enterprise Value (EV): $94.57B

The enterprise value (EV) for Marsh & McLennan Companies, Inc. (MRSH) is $94.57B as of Thursday, June 18, 2026.

MRSH Enterprise Value (EV) Metrics

ENTERPRISE VALUE (EV)

$94.57B

Enterprise Value Calculation

Market Cap

$77.67B

+

Total Debt

$19.59B

Cash

$2.69B

=

Enterprise Value

$94.57B

EV-Based Valuation Multiples

EV/EBITDA

Not meaningful

EV/Sales

Not meaningful

EV/FCF

Not meaningful

Why use EV instead of Market Cap?

  • EV accounts for debt - an acquirer must pay or assume it
  • EV deducts cash - the acquirer effectively receives it
  • EV enables fair comparison of companies with different capital structures
  • EV-based ratios (EV/EBITDA, EV/Sales) are capital structure neutral

Marsh & McLennan Companies, Inc. Enterprise Value (EV) Formula & Definition

Enterprise Value represents the total value of a company as if you were to acquire it completely - paying for equity while assuming debt and receiving cash.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Marsh & McLennan Companies, Inc. Enterprise Value (EV) FAQ

What is the enterprise value (EV) for Marsh & McLennan Companies, Inc. (MRSH)?
The enterprise value (EV) for MRSH stock is $94.57B.

About Marsh & McLennan Companies, Inc.

Marsh & McLennan Companies, Inc. (MRSH) functions as a leading professional services organization, delivering expert guidance and innovative solutions to clients across the vital domains of risk management, strategic planning, and human capital. Based in New York City, the firm maintains a substantial global workforce, employing approximately 65,000 full-time professionals. This entity serves as the parent company for several prominent advisory and consulting brands. These include Marsh, renowned for its insurance brokerage services; Guy Carpenter, a specialist in risk and reinsurance; Mercer, which provides comprehensive human resources and investment-related financial advice; and Oliver Wyman Group, an influential management and economic consultancy. Marsh & McLennan structures its operations into two core business segments. The "Risk and Insurance Services" division encompasses activities such as risk management, along with comprehensive insurance and reinsurance brokerage and services. The "Consulting" division offers a broad spectrum of services, including health, retirement, talent, and investment consulting, as well as specialized advice in management, economics, and brand strategy. The Risk and Insurance Services segment's operations are primarily conducted through Marsh and Guy Carpenter, while Mercer and Oliver Wyman Group are the key contributors to the Consulting segment's offerings.

New York City, NY
90,000 employees
Financial Services / Insurance - Brokers
Sector
Financial Services
Industry
Insurance - Brokers
CEO
John Quinlan Doyle