Basis: FMP quote price / unrounded diluted EPS from four consecutive issuer fiscal quarters. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the P/E ratio high or low?
The P/E ratio of 21.39 is 18% below its 5-year average of 26.23, near the low end of its 5-year range (19.67–34.66).
As of 2026-09-19T00:00:57.114Z. 2.38% below its 12-month average of 21.91.
Calculation as of: 2026-09-19T00:00:57.114Z.
Quote observation: 2026-09-18T20:00:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: e58d4b7155231a3b19ea98a0791c37e0b677d1b9d73be98e96e98c7f9d35a1a2
PE Ratio (21.39) = Close Price ($175.01) / Diluted TTM EPS ($8.18)
PE RATIO
21.39
PE RATIO AVG TTM
21.91
PE RATIO AVG 3Y
25.52
PE RATIO AVG 5Y
26.23
PE RATIO AVG 10Y
26.77
PE RATIO AVG 15Y
24.42
PE RATIO AVG 20Y
23.64
CURRENT VS TTM AVG
-2.38%
CURRENT VS 3Y AVG
-16.18%
CURRENT VS 5Y AVG
-18.46%
CURRENT VS 10Y AVG
-20.11%
CURRENT VS 15Y AVG
-12.41%
CURRENT VS 20Y AVG
-9.52%
SECTOR MEDIAN · FINANCIAL SERVICES
15.07
median of 87 covered companies
CURRENT VS SECTOR MEDIAN
+41.94%
vs the sector median at left
Marsh & McLennan Companies, Inc.
Market Cap
$83.52B
PE Ratio
21.39
TTM Avg
21.91
3Y Avg
25.52
5Y Avg
26.23
Market Cap
$87.28B
PE Ratio
21.96
TTM Avg
26.27
3Y Avg
31.79
5Y Avg
29.53
Market Cap
$78.14B
PE Ratio
10.03
TTM Avg
10.58
3Y Avg
13.71
5Y Avg
13.34
Market Cap
$93.03B
PE Ratio
12.83
TTM Avg
13.41
3Y Avg
13.10
5Y Avg
12.20
Market Cap
$73.55B
PE Ratio
26.78
TTM Avg
32.37
3Y Avg
34.74
5Y Avg
29.78
| NAME | MARKET CAP | PE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Marsh & McLennan Companies, Inc. (MRSH) | $83.52B | 21.39 | 21.91 | 25.52 | 26.23 |
| Brookfield Corporation (BN)vs › | $83.78B | 67.26 | 108.40 | 137.57 | 97.33 |
| Moody's Corporation (MCO)vs › | $81.16B | 29.73 | 35.79 | 41.19 | 38.53 |
| Intercontinental Exchange, Inc. (ICE)vs › | $87.28B | 21.96 | 26.27 | 31.79 | 29.53 |
| KKR & Co. Inc. (KKR)vs › | $88.72B | 31.07 | 44.47 | 39.72 | 32.73 |
| iShares Russell 2000 ETF (IWM)vs › | $78.14B | N/A | N/A | N/A | N/A |
| The Travelers Companies, Inc. (TRV)vs › | $78.14B | 10.03 | 10.58 | 13.71 | 13.34 |
| The PNC Financial Services Group, Inc. (PNC)vs › | $93.03B | 12.83 | 13.41 | 13.10 | 12.20 |
| Brookfield Asset Management Ltd. (BAM)vs › | $73.55B | 26.78 | 32.37 | 34.74 | 29.78 |
| U.S. Bancorp (USB)vs › | $93.56B | 12.01 | 12.10 | 12.43 | 11.70 |
At 21.4, P/E is near its 20-year median — higher than 40% of readings in its 20-year history.
20-year low
5.1
median
22.4
20-year high
242.5
Trailing P/E
21.4
Forward P/E
16.8
Forward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.
Calculation:
Current Price
$175.01
Forward EPS (Est.)
$10.45
Forward P/E
16.75
Source: FMP Analyst Consensus Estimates. Forward EPS represents the average analyst estimate for the nearest fiscal year.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | PE RATIO |
|---|---|
| 2026-09-11 | 21.63 |
| 2026-09-10 | 21.67 |
| 2026-09-09 | 21.62 |
| 2026-09-08 | 22.07 |
| 2026-09-04 | 22.71 |
| 2026-09-03 | 23.04 |
| 2026-09-02 | 22.96 |
| 2026-09-01 | 22.93 |
| 2026-08-31 | 23.20 |
| 2026-08-28 | 23.55 |
| 2026-08-27 | 23.23 |
| 2026-08-26 | 23.63 |
| 2026-08-25 | 23.64 |
| 2026-08-24 | 23.80 |
| 2026-08-21 | 23.47 |
| 2026-08-20 | 23.25 |
| 2026-08-19 | 23.13 |
| 2026-08-18 | 22.78 |
| 2026-08-17 | 22.52 |
| 2026-08-14 | 22.96 |
| 2026-08-13 | 23.07 |
| 2026-08-12 | 23.09 |
| 2026-08-11 | 23.38 |
| 2026-08-10 | 23.32 |
| 2026-08-07 | 23.43 |
| 2026-08-06 | 23.63 |
| 2026-08-05 | 23.41 |
| 2026-08-04 | 23.40 |
| 2026-08-03 | 23.57 |
| 2026-07-31 | 23.19 |
| 2026-07-30 | 23.41 |
| 2026-07-29 | 24.16 |
| 2026-07-28 | 23.50 |
| 2026-07-27 | 22.41 |
| 2026-07-24 | 22.10 |
| 2026-07-23 | 21.56 |
| 2026-07-22 | 21.51 |
| 2026-07-21 | 22.70 |
| 2026-07-20 | 22.76 |
| 2026-07-17 | 22.77 |
| 2026-07-16 | 22.77 |
| 2026-07-15 | 22.03 |
| 2026-07-14 | 22.26 |
| 2026-07-13 | 22.69 |
| 2026-07-10 | 22.29 |
| 2026-07-09 | 22.38 |
| 2026-07-08 | 22.38 |
| 2026-07-07 | 22.25 |
| 2026-07-06 | 21.84 |
| 2026-07-02 | 22.32 |
| 2026-07-01 | 21.52 |
| 2026-06-30 | 20.83 |
| 2026-06-29 | 20.84 |
| 2026-06-26 | 21.13 |
| 2026-06-25 | 20.28 |
| 2026-06-24 | 20.75 |
| 2026-06-23 | 20.48 |
| 2026-06-22 | 20.02 |
| 2026-06-18 | 20.30 |
| 2026-06-17 | 20.53 |
| 2026-06-16 | 20.85 |
| 2026-06-15 | 20.77 |
| 2026-06-12 | 21.09 |
| 2026-06-11 | 21.02 |
| 2026-06-10 | 20.89 |
| 2026-06-09 | 20.69 |
| 2026-06-08 | 20.32 |
| 2026-06-05 | 20.68 |
| 2026-06-04 | 20.16 |
| 2026-06-03 | 19.67 |
| 2026-06-02 | 20.17 |
| 2026-06-01 | 20.32 |
| 2026-05-29 | 20.00 |
| 2026-05-28 | 19.94 |
| 2026-05-27 | 20.07 |
| 2026-05-26 | 20.25 |
| 2026-05-22 | 20.51 |
| 2026-05-21 | 20.64 |
| 2026-05-20 | 20.42 |
| 2026-05-19 | 20.76 |
| 2026-05-18 | 20.75 |
| 2026-05-15 | 20.13 |
| 2026-05-14 | 20.00 |
| 2026-05-13 | 19.89 |
| 2026-05-12 | 20.42 |
| 2026-05-11 | 20.20 |
| 2026-05-08 | 20.41 |
| 2026-05-07 | 20.75 |
| 2026-05-06 | 20.49 |
| 2026-05-05 | 20.91 |
| 2026-05-04 | 20.98 |
| 2026-05-01 | 20.77 |
| 2026-04-30 | 20.96 |
| 2026-04-29 | 21.35 |
| 2026-04-28 | 21.35 |
| 2026-04-27 | 21.27 |
| 2026-04-24 | 21.26 |
| 2026-04-23 | 21.75 |
| 2026-04-22 | 21.94 |
| 2026-04-21 | 22.38 |
| 2026-04-20 | 21.82 |
| 2026-04-17 | 21.98 |
| 2026-04-16 | 21.66 |
| 2026-04-15 | 20.75 |
| 2026-04-14 | 20.50 |
| 2026-04-13 | 20.59 |
| 2026-04-10 | 19.95 |
| 2026-04-09 | 20.54 |
| 2026-04-08 | 20.86 |
| 2026-04-07 | 20.48 |
| 2026-04-06 | 20.74 |
| 2026-04-02 | 20.71 |
| 2026-04-01 | 20.39 |
| 2026-03-31 | 20.58 |
| 2026-03-30 | 20.73 |
| 2026-03-27 | 20.07 |
| 2026-03-26 | 20.66 |
| 2026-03-25 | 20.66 |
| 2026-03-24 | 20.53 |
| 2026-03-23 | 20.63 |
| 2026-03-20 | 20.93 |
| 2026-03-19 | 20.27 |
| 2026-03-18 | 20.29 |
| 2026-03-17 | 20.40 |
| 2026-03-16 | 20.61 |
| 2026-03-13 | 20.42 |
| 2026-03-12 | 20.27 |
| 2026-03-11 | 20.64 |
| 2026-03-10 | 20.64 |
| 2026-03-09 | 21.35 |
| 2026-03-06 | 21.72 |
| 2026-03-05 | 21.95 |
| 2026-03-04 | 21.93 |
| 2026-03-03 | 21.85 |
| 2026-03-02 | 22.12 |
| 2026-02-27 | 22.15 |
| 2026-02-26 | 21.98 |
| 2026-02-25 | 21.48 |
| 2026-02-24 | 21.17 |
| 2026-02-23 | 21.00 |
| 2026-02-20 | 21.27 |
| 2026-02-19 | 21.22 |
| 2026-02-18 | 21.13 |
| 2026-02-17 | 20.86 |
| 2026-02-13 | 20.65 |
| 2026-02-12 | 20.56 |
| 2026-02-11 | 20.52 |
| 2026-02-10 | 20.80 |
| 2026-02-09 | 20.52 |
| 2026-02-06 | 22.19 |
| 2026-02-05 | 22.48 |
| 2026-02-04 | 22.75 |
| 2026-02-03 | 22.60 |
| 2026-02-02 | 22.57 |
| 2026-01-30 | 22.56 |
| 2026-01-29 | 22.53 |
| 2026-01-28 | 21.36 |
| 2026-01-27 | 21.48 |
| 2026-01-26 | 22.02 |
| 2026-01-23 | 21.96 |
| 2026-01-22 | 21.66 |
| 2026-01-21 | 21.54 |
| 2026-01-20 | 21.70 |
| 2026-01-16 | 21.87 |
| 2026-01-15 | 21.85 |
| 2026-01-14 | 21.97 |
| 2026-01-13 | 21.91 |
| 2026-01-12 | 22.26 |
| 2026-01-09 | 22.30 |
| 2026-01-08 | 22.41 |
| 2026-01-07 | 21.93 |
| 2026-01-06 | 22.25 |
| 2026-01-05 | 22.46 |
| 2026-01-02 | 21.88 |
| 2025-12-31 | 22.24 |
| 2025-12-30 | 22.47 |
| 2025-12-29 | 22.50 |
| 2025-12-26 | 22.42 |
| 2025-12-24 | 22.49 |
| 2025-12-23 | 22.29 |
| 2025-12-22 | 22.24 |
| 2025-12-19 | 22.15 |
| 2025-12-18 | 22.27 |
| 2025-12-17 | 22.35 |
| 2025-12-16 | 22.44 |
| 2025-12-15 | 22.46 |
| 2025-12-12 | 22.33 |
| 2025-12-11 | 22.00 |
| 2025-12-10 | 21.69 |
| 2025-12-09 | 21.73 |
| 2025-12-08 | 21.77 |
| 2025-12-05 | 21.80 |
| 2025-12-04 | 21.97 |
| 2025-12-03 | 22.05 |
| 2025-12-02 | 21.99 |
| 2025-12-01 | 22.06 |
| 2025-11-28 | 22.00 |
| 2025-11-26 | 21.91 |
| 2025-11-25 | 21.82 |
| 2025-11-24 | 21.53 |
| 2025-11-21 | 21.69 |
| 2025-11-20 | 21.46 |
| 2025-11-19 | 21.24 |
| 2025-11-18 | 21.61 |
| 2025-11-17 | 21.69 |
| 2025-11-14 | 21.92 |
| 2025-11-13 | 22.04 |
| 2025-11-12 | 21.92 |
| 2025-11-11 | 21.81 |
| 2025-11-10 | 21.36 |
| 2025-11-07 | 21.59 |
| 2025-11-06 | 21.17 |
| 2025-11-05 | 21.39 |
| 2025-11-04 | 21.64 |
| 2025-11-03 | 21.24 |
| 2025-10-31 | 21.36 |
| 2025-10-30 | 21.42 |
| 2025-10-29 | 21.58 |
| 2025-10-28 | 21.92 |
| 2025-10-27 | 22.50 |
| 2025-10-24 | 22.37 |
| 2025-10-23 | 22.55 |
| 2025-10-22 | 22.70 |
| 2025-10-21 | 22.66 |
| 2025-10-20 | 22.77 |
| 2025-10-17 | 22.73 |
| 2025-10-16 | 22.36 |
| 2025-10-15 | 24.44 |
| 2025-10-14 | 24.82 |
| 2025-10-13 | 24.62 |
| 2025-10-10 | 24.82 |
| 2025-10-09 | 24.70 |
| 2025-10-08 | 24.55 |
| 2025-10-07 | 24.44 |
| 2025-10-06 | 24.14 |
| 2025-10-03 | 24.12 |
| 2025-10-02 | 23.93 |
| 2025-10-01 | 24.14 |
| 2025-09-30 | 24.16 |
| 2025-09-29 | 24.01 |
| 2025-09-26 | 23.93 |
| 2025-09-25 | 23.74 |
| 2025-09-24 | 23.94 |
| 2025-09-23 | 23.68 |
| 2025-09-22 | 23.63 |
| 2025-09-19 | 23.59 |
| 2025-09-18 | 23.52 |
| 2025-09-17 | 23.67 |
| 2025-09-16 | 23.60 |
| 2025-09-15 | 23.75 |
| 2025-09-12 | 24.33 |
| 2025-09-11 | 24.40 |
| 2025-09-10 | 23.83 |
| 2025-09-09 | 24.21 |
| 2025-09-08 | 24.40 |
| 2025-09-05 | 24.43 |
| 2025-09-04 | 24.71 |
| 2025-09-03 | 24.61 |
| 2025-09-02 | 24.63 |
| 2025-08-29 | 24.68 |
Showing the most recent 260 of 4,908 data points. The chart above shows the full history.