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STOCK COMPARISON

Erie Indemnity vs Marsh & McLennan Companies: Fair Value & Quality

Both stocks run through our valuation models. Here is how Erie Indemnity (ERIE) and Marsh & McLennan Companies (MRSH) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Marsh & McLennan Companies as the less overvalued of the two: Erie Indemnity trades at $258 versus a fair value of $113 (-56%), while Marsh & McLennan Companies trades at $188 versus $112 (-40%).
Erie Indemnity
ERIE · USD · Financials
-56%
upside to fair value
overvalued
Price$258
Fair Value$113
Quality61/100
Marsh & McLennan Companies
MRSH · USD · Financials
-40%
upside to fair value
overvalued
Price$188
Fair Value$112
Quality64/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Erie IndemnityMarsh & McLennan Companies
Valuation
20.7×P/E (TTM)22.8×
2.91×P/S (TTM)3.19×
5.21×P/B5.81×
14.1×EV/EBITDA13.6×
2.67×PEG1.76×
−56.1%Fair value upside−40.4%
2.2%Dividend yield1.9%
$5.66Dividend per share$3.60
Profitability
17%Operating margin24%
EBIT margin trend (5Y)1.30×
26%Return on equity28%
15%Return on assets7%
Growth
2%Revenue growth (YoY)8%
12.7%Avg. growth/yr (3Y)9.2%
9.6%Avg. growth/yr (5Y)9.4%
+16.0%Value creation/yr+18.5%
Balance & size
Interest coverage (EBIT/interest)6.5×
0.04×Debt / equity1.21×
$12BMarket cap$88B
healthyGrowth qualityhealthy

Erie Indemnity leads: 8 to 5 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Erie Indemnityof which business quality 62 · market factors 45 Marsh & McLennan Companiesof which business quality 60 · market factors 56
ProfitabilityMargins and returns on capital today
73
55
Quality GrowthAre margins and returns improving?
24
50
CashflowEarnings quality: real cash, not paper profit
64
75
Fin. StrengthBalance sheet, leverage, solvency risk
83
35
InvestmentDisciplined investing over empire-building
47
62
Low VolatilityCalm price path (market factor)
75
84
MomentumPrice trend over the last 3–12 months (market factor)
38
46
52W MomentumDistance to the 52-week high (market factor)
22
42
Net IssuanceBuybacks instead of dilution
58
93

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyErie IndemnityPrice $258Marsh & McLennan CompaniesPrice $188
Dividend Discount-63%below the price$95.93-68%below the price$60.10
Multiples-56%below the price$113-59%below the price$78.07
Asset-Based-87%below the price$33.12-89%below the price$21.00
Economic Profit-61%below the price$99.73-61%below the price$74.16
Minimum-87%below the price$33.12-89%below the price$21.00
Maximum-56%below the price$113-59%below the price$78.07
Median-62%below the price$97.83-64%below the price$67.13
Geometric mean-70%below the price$77.41-72%below the price$51.99

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Erie Indemnity: 6 of 6 models see the stock below the current price.

Marsh & McLennan Companies: 6 of 6 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Erie Indemnity
Bear $84.99Fair Value $113Bull $142
$258 = current price (white tick)
Marsh & McLennan Companies
Bear $84.19Fair Value $112Bull $140
$188 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Erie Indemnity · Financials

Quality score61 · above median
Fair value upside-56% · bottom 25%

Marsh & McLennan Companies · Financials

Quality score64 · Top 25%
Fair value upside-40% · bottom 25%

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Marsh & McLennan Companies as the less overvalued of the two: Erie Indemnity trades at $258 versus a fair value of $113 (-56%), while Marsh & McLennan Companies trades at $188 versus $112 (-40%).

Marsh & McLennan Companies has the higher quality score (64/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.