Basis: Current FMP quote-based enterprise value / four-quarter operating cash flow less absolute capital expenditures. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/FCF ratio high or low?
The EV/FCF ratio of 21.36x is 30% below its estimated 5-year average of 30.37x, near the low end of its estimated 5-year range (19.74x–37.23x).
As of 2026-10-02T21:45:34.610Z. 3.31% below its estimated 12-month average of 22.09x.
Calculation as of: 2026-10-02T21:45:34.610Z.
Quote observation: 2026-10-02T20:01:31.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 34ffba043a5eb4c8a782409592f2e07d3feb9875088aad53b2d8ccd421b4b10b
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-10-01.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/FCF RATIO
21.36x
EV/FCF RATIO AVG TTM
22.09x
EV/FCF RATIO AVG 3Y
28.20x
EV/FCF RATIO AVG 5Y
30.37x
EV/FCF RATIO AVG 10Y
28.96x
EV/FCF RATIO AVG 15Y
27.02x
EV/FCF RATIO AVG 20Y
27.30x
CURRENT VS TTM AVG
-3.31%
CURRENT VS 3Y AVG
-24.25%
CURRENT VS 5Y AVG
-29.66%
CURRENT VS 10Y AVG
-26.23%
CURRENT VS 15Y AVG
-20.95%
CURRENT VS 20Y AVG
-21.76%
SECTOR MEDIAN · FINANCIAL SERVICES
18.07x
median of 71 covered companies
CURRENT VS SECTOR MEDIAN
+18.21%
vs the sector median at left
Marsh & McLennan Companies, Inc.
Market Cap
$81.15B
EV/FCF Ratio
21.36x
TTM Avg
22.09x
3Y Avg
28.20x
5Y Avg
30.37x
Market Cap
$82.46B
EV/FCF Ratio
N/A
TTM Avg
392.54x
3Y Avg
323.10x
5Y Avg
200.10x
Market Cap
$84.29B
EV/FCF Ratio
21.40x
TTM Avg
24.05x
3Y Avg
28.26x
5Y Avg
27.97x
Market Cap
$75.17B
EV/FCF Ratio
7.58x
TTM Avg
7.27x
3Y Avg
7.26x
5Y Avg
7.14x
| NAME | MARKET CAP | EV/FCF RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Marsh & McLennan Companies, Inc. (MRSH) | $81.15B | 21.36x | 22.09x | 28.20x | 30.37x |
| KKR & Co. Inc. (KKR)vs › | $81.07B | 51.74x | 146.21x | 72.54x | 72.54x |
| Brookfield Corporation (BN)vs › | $82.46B | N/A | 392.54x | 323.10x | 200.10x |
| iShares Bitcoin Trust ETF (IBIT)vs › | $79.59B | N/A | N/A | N/A | N/A |
| VanEck Semiconductor ETF (SMH)vs › | $79.48B | N/A | N/A | N/A | N/A |
| Intercontinental Exchange, Inc. (ICE)vs › | $84.29B | 21.40x | 24.05x | 28.26x | 27.97x |
| iShares Russell 2000 ETF (IWM)vs › | $77.43B | N/A | N/A | N/A | N/A |
| Moody's Corporation (MCO)vs › | $76.44B | N/A | 38.46x | 42.93x | 39.38x |
| The Travelers Companies, Inc. (TRV)vs › | $75.17B | 7.58x | 7.27x | 7.26x | 7.14x |
| The PNC Financial Services Group, Inc. (PNC)vs › | $88.19B | 19.39x | 20.21x | 14.11x | 11.36x |
EV/FCF
21.4x
P/FCF
17.0x
FCF Yield
5.87%
Formula: EV/FCF = Enterprise Value / Free Cash Flow
EV/FCF vs P/FCF:
EV/FCF = Enterprise Value / Free Cash Flow (TTM)
Enterprise value to free cash flow compares total company value to the cash the business generates after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/FCF RATIO |
|---|---|
| 2026-10-01 | 21.79x |
| 2026-09-30 | 21.67x |
| 2026-09-29 | 21.64x |
| 2026-09-28 | 21.50x |
| 2026-09-25 | 21.71x |
| 2026-09-24 | 21.59x |
| 2026-09-23 | 21.64x |
| 2026-09-22 | 21.60x |
| 2026-09-21 | 21.88x |
| 2026-09-18 | 22.11x |
| 2026-09-17 | 22.06x |
| 2026-09-16 | 22.29x |
| 2026-09-15 | 22.59x |
| 2026-09-14 | 22.66x |
| 2026-09-11 | 22.30x |
| 2026-09-10 | 22.34x |
| 2026-09-09 | 22.29x |
| 2026-09-08 | 22.67x |
| 2026-09-04 | 23.20x |
| 2026-09-03 | 23.47x |
| 2026-09-02 | 23.41x |
| 2026-09-01 | 23.38x |
| 2026-08-31 | 23.61x |
| 2026-08-28 | 23.90x |
| 2026-08-27 | 23.63x |
| 2026-08-26 | 23.96x |
| 2026-08-25 | 23.97x |
| 2026-08-24 | 24.10x |
| 2026-08-21 | 23.83x |
| 2026-08-20 | 23.65x |
| 2026-08-19 | 23.55x |
| 2026-08-18 | 23.26x |
| 2026-08-17 | 23.04x |
| 2026-08-14 | 23.41x |
| 2026-08-13 | 23.50x |
| 2026-08-12 | 23.51x |
| 2026-08-11 | 23.76x |
| 2026-08-10 | 23.71x |
| 2026-08-07 | 23.80x |
| 2026-08-06 | 23.96x |
| 2026-08-05 | 23.78x |
| 2026-08-04 | 23.78x |
| 2026-08-03 | 23.92x |
| 2026-07-31 | 23.60x |
| 2026-07-30 | 23.78x |
| 2026-07-29 | 24.40x |
| 2026-07-28 | 23.85x |
| 2026-07-27 | 22.95x |
| 2026-07-24 | 22.69x |
| 2026-07-23 | 22.25x |
| 2026-07-22 | 22.21x |
| 2026-07-21 | 22.14x |
| 2026-07-20 | 22.19x |
| 2026-07-17 | 22.20x |
| 2026-07-16 | 22.19x |
| 2026-07-15 | 21.61x |
| 2026-07-14 | 21.79x |
| 2026-07-13 | 22.13x |
| 2026-07-10 | 21.81x |
| 2026-07-09 | 21.88x |
| 2026-07-08 | 21.89x |
| 2026-07-07 | 21.78x |
| 2026-07-06 | 21.46x |
| 2026-07-02 | 21.84x |
| 2026-07-01 | 21.21x |
| 2026-06-30 | 20.67x |
| 2026-06-29 | 20.67x |
| 2026-06-26 | 20.90x |
| 2026-06-25 | 20.23x |
| 2026-06-24 | 20.60x |
| 2026-06-23 | 20.39x |
| 2026-06-22 | 20.02x |
| 2026-06-18 | 20.25x |
| 2026-06-17 | 20.42x |
| 2026-06-16 | 20.68x |
| 2026-06-15 | 20.62x |
| 2026-06-12 | 20.86x |
| 2026-06-11 | 20.81x |
| 2026-06-10 | 20.71x |
| 2026-06-09 | 20.55x |
| 2026-06-08 | 20.26x |
| 2026-06-05 | 20.54x |
| 2026-06-04 | 20.13x |
| 2026-06-03 | 19.74x |
| 2026-06-02 | 20.15x |
| 2026-06-01 | 20.26x |
| 2026-05-29 | 20.01x |
| 2026-05-28 | 19.96x |
| 2026-05-27 | 20.07x |
| 2026-05-26 | 20.20x |
| 2026-05-22 | 20.41x |
| 2026-05-21 | 20.51x |
| 2026-05-20 | 20.34x |
| 2026-05-19 | 20.61x |
| 2026-05-18 | 20.60x |
| 2026-05-15 | 20.11x |
| 2026-05-14 | 20.01x |
| 2026-05-13 | 19.92x |
| 2026-05-12 | 20.34x |
| 2026-05-11 | 20.16x |
| 2026-05-08 | 20.33x |
| 2026-05-07 | 20.60x |
| 2026-05-06 | 20.39x |
| 2026-05-05 | 20.73x |
| 2026-05-04 | 20.78x |
| 2026-05-01 | 20.62x |
| 2026-04-30 | 20.77x |
| 2026-04-29 | 21.08x |
| 2026-04-28 | 21.08x |
| 2026-04-27 | 21.01x |
| 2026-04-24 | 21.00x |
| 2026-04-23 | 21.39x |
| 2026-04-22 | 21.54x |
| 2026-04-21 | 21.88x |
| 2026-04-20 | 21.45x |
| 2026-04-17 | 21.57x |
| 2026-04-16 | 21.64x |
| 2026-04-15 | 20.89x |
| 2026-04-14 | 20.69x |
| 2026-04-13 | 20.76x |
| 2026-04-10 | 20.23x |
| 2026-04-09 | 20.72x |
| 2026-04-08 | 20.98x |
| 2026-04-07 | 20.67x |
| 2026-04-06 | 20.88x |
| 2026-04-02 | 20.86x |
| 2026-04-01 | 20.59x |
| 2026-03-31 | 20.75x |
| 2026-03-30 | 20.87x |
| 2026-03-27 | 20.33x |
| 2026-03-26 | 20.81x |
| 2026-03-25 | 20.82x |
| 2026-03-24 | 20.71x |
| 2026-03-23 | 20.79x |
| 2026-03-20 | 21.04x |
| 2026-03-19 | 20.50x |
| 2026-03-18 | 20.51x |
| 2026-03-17 | 20.60x |
| 2026-03-16 | 20.78x |
| 2026-03-13 | 20.62x |
| 2026-03-12 | 20.49x |
| 2026-03-11 | 20.80x |
| 2026-03-10 | 20.80x |
| 2026-03-09 | 21.39x |
| 2026-03-06 | 21.69x |
| 2026-03-05 | 21.88x |
| 2026-03-04 | 21.86x |
| 2026-03-03 | 21.80x |
| 2026-03-02 | 22.02x |
| 2026-02-27 | 22.05x |
| 2026-02-26 | 21.91x |
| 2026-02-25 | 21.50x |
| 2026-02-24 | 21.23x |
| 2026-02-23 | 21.09x |
| 2026-02-20 | 21.32x |
| 2026-02-19 | 21.28x |
| 2026-02-18 | 21.20x |
| 2026-02-17 | 20.98x |
| 2026-02-13 | 20.81x |
| 2026-02-12 | 20.73x |
| 2026-02-11 | 20.70x |
| 2026-02-10 | 20.93x |
| 2026-02-09 | 21.44x |
| 2026-02-06 | 22.86x |
| 2026-02-05 | 23.12x |
| 2026-02-04 | 23.35x |
| 2026-02-03 | 23.22x |
| 2026-02-02 | 23.19x |
| 2026-01-30 | 23.19x |
| 2026-01-29 | 23.16x |
| 2026-01-28 | 22.16x |
| 2026-01-27 | 22.27x |
| 2026-01-26 | 22.72x |
| 2026-01-23 | 22.67x |
| 2026-01-22 | 22.42x |
| 2026-01-21 | 22.32x |
| 2026-01-20 | 22.45x |
| 2026-01-16 | 22.59x |
| 2026-01-15 | 22.58x |
| 2026-01-14 | 22.68x |
| 2026-01-13 | 22.63x |
| 2026-01-12 | 22.93x |
| 2026-01-09 | 22.96x |
| 2026-01-08 | 23.06x |
| 2026-01-07 | 22.65x |
| 2026-01-06 | 22.92x |
| 2026-01-05 | 23.10x |
| 2026-01-02 | 22.60x |
| 2025-12-31 | 22.91x |
| 2025-12-30 | 23.10x |
| 2025-12-29 | 23.13x |
| 2025-12-26 | 23.07x |
| 2025-12-24 | 23.13x |
| 2025-12-23 | 22.95x |
| 2025-12-22 | 22.91x |
| 2025-12-19 | 22.83x |
| 2025-12-18 | 22.94x |
| 2025-12-17 | 23.00x |
| 2025-12-16 | 23.08x |
| 2025-12-15 | 23.10x |
| 2025-12-12 | 22.99x |
| 2025-12-11 | 22.70x |
| 2025-12-10 | 22.44x |
| 2025-12-09 | 22.48x |
| 2025-12-08 | 22.51x |
| 2025-12-05 | 22.54x |
| 2025-12-04 | 22.68x |
| 2025-12-03 | 22.75x |
| 2025-12-02 | 22.69x |
| 2025-12-01 | 22.76x |
| 2025-11-28 | 22.70x |
| 2025-11-26 | 22.63x |
| 2025-11-25 | 22.56x |
| 2025-11-24 | 22.31x |
| 2025-11-21 | 22.44x |
| 2025-11-20 | 22.24x |
| 2025-11-19 | 22.06x |
| 2025-11-18 | 22.37x |
| 2025-11-17 | 22.44x |
| 2025-11-14 | 22.64x |
| 2025-11-13 | 22.74x |
| 2025-11-12 | 22.63x |
| 2025-11-11 | 22.55x |
| 2025-11-10 | 22.16x |
| 2025-11-07 | 22.35x |
| 2025-11-06 | 22.00x |
| 2025-11-05 | 22.19x |
| 2025-11-04 | 22.40x |
| 2025-11-03 | 22.06x |
| 2025-10-31 | 22.16x |
| 2025-10-30 | 22.21x |
| 2025-10-29 | 22.35x |
| 2025-10-28 | 22.64x |
| 2025-10-27 | 23.13x |
| 2025-10-24 | 23.02x |
| 2025-10-23 | 23.18x |
| 2025-10-22 | 23.30x |
| 2025-10-21 | 23.27x |
| 2025-10-20 | 23.36x |
| 2025-10-17 | 23.33x |
| 2025-10-16 | 24.12x |
| 2025-10-15 | 25.96x |
| 2025-10-14 | 26.30x |
| 2025-10-13 | 26.13x |
| 2025-10-10 | 26.30x |
| 2025-10-09 | 26.19x |
| 2025-10-08 | 26.06x |
| 2025-10-07 | 25.96x |
| 2025-10-06 | 25.70x |
| 2025-10-03 | 25.68x |
| 2025-10-02 | 25.51x |
| 2025-10-01 | 25.69x |
| 2025-09-30 | 25.72x |
| 2025-09-29 | 25.58x |
| 2025-09-26 | 25.51x |
| 2025-09-25 | 25.34x |
| 2025-09-24 | 25.52x |
| 2025-09-23 | 25.28x |
| 2025-09-22 | 25.24x |
| 2025-09-19 | 25.21x |
Showing the most recent 260 of 4,706 data points. The chart above shows the full history.
