MRSH EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
MRSH's ev/ebitda is higher than 65% of the last 10 years.
EV/EBITDA History
MRSH EV/EBITDA by year
Yearly range of MRSH’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 11.8 to 22.1, averaging 17.0.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 13.7 | 16.1 | 20.2 | 18.5 |
| 2025 | 14.5 | 17.5 | 20.2 | 14.8 |
| 2024 | 16.9 | 17.9 | 19.1 | 18.0 |
| 2023 | 16.9 | 18.7 | 20.0 | 18.3 |
| 2022 | 15.7 | 17.1 | 19.0 | 17.2 |
| 2021 | 16.5 | 18.5 | 20.1 | 18.6 |
| 2020 | 14.5 | 18.0 | 20.5 | 17.7 |
| 2019 | 14.7 | 19.7 | 22.1 | 19.4 |
| 2018 | 12.8 | 13.8 | 15.0 | 15.0 |
| 2017 | 12.5 | 13.9 | 15.0 | 14.2 |
| 2016 | 11.8 | 12.6 | 13.2 | 12.6 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is MRSH EV/EBITDA High or Low Right Now?
Marsh & McLennan Companies, Inc.'s EV/EBITDA is currently 18.5, which is above average relative to its 10-year historical range. The 10-year median EV/EBITDA for MRSH is approximately 17.5. See all MRSH valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.