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STOCK COMPARISON

Marsh & McLennan Companies vs Neptune Insurance Holdings: Fair Value & Quality

Both stocks run through our valuation models. Here is how Marsh & McLennan Companies (MRSH) and Neptune Insurance Holdings (NP) 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: Marsh & McLennan Companies trades at $188 versus a fair value of $112 (-40%), while Neptune Insurance Holdings trades at $33.40 versus $3.52 (-89%).
Marsh & McLennan Companies
MRSH · USD · Financials
-40%
upside to fair value
overvalued
Price$188
Fair Value$112
Quality64/100
Neptune Insurance Holdings
NP · USD · Financials
-89%
upside to fair value
overvalued
Price$33.40
Fair Value$3.52
Quality75/100
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Head-to-head numbers

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

Marsh & McLennan CompaniesNeptune Insurance Holdings
Valuation
22.8×P/E (TTM)
3.19×P/S (TTM)25.70×
5.81×P/B
13.6×EV/EBITDA58.4×
1.76×PEG
−40.4%Fair value upside−89.5%
1.9%Dividend yield5.2%
$3.60Dividend per share
Profitability
24%Operating margin36%
1.30×EBIT margin trend (5Y)
28%Return on equity
7%Return on assets88%
Growth
8%Revenue growth (YoY)29%
9.2%Avg. growth/yr (3Y)
9.4%Avg. growth/yr (5Y)
+18.5%Value creation/yr
Balance & size
6.5×Interest coverage (EBIT/interest)4.4×
1.21×Debt / equity
$88BMarket cap$4B
healthyGrowth qualityhealthy

Marsh & McLennan Companies leads: 4 to 3 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.

Marsh & McLennan Companiesof which business quality 60 · market factors 56 Neptune Insurance Holdingsof which business quality 70 · market factors 66
ProfitabilityMargins and returns on capital today
55
99
Quality GrowthAre margins and returns improving?
50
33
CashflowEarnings quality: real cash, not paper profit
75
89
Fin. StrengthBalance sheet, leverage, solvency risk
35
41
InvestmentDisciplined investing over empire-building
62
97
Low VolatilityCalm price path (market factor)
84
0
MomentumPrice trend over the last 3–12 months (market factor)
46
99
52W MomentumDistance to the 52-week high (market factor)
42
83
Net IssuanceBuybacks instead of dilution
93
58

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 familyMarsh & McLennan CompaniesPrice $188Neptune Insurance HoldingsPrice $33.40
Dividend Discount-68%below the price$60.10-38%below the price$20.67
Multiples-59%below the price$78.07-89%below the price$3.52
Asset-Based-89%below the price$21.00n/a
Economic Profit-61%below the price$74.16n/a
Minimum-89%below the price$21.00-89%below the price$3.52
Maximum-59%below the price$78.07-38%below the price$20.67
Median-64%below the price$67.13-64%below the price$12.09
Geometric mean-72%below the price$51.99-74%below the price$8.53

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%.

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

Neptune Insurance Holdings: 3 of 3 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.

Marsh & McLennan Companies
Bear $84.19Fair Value $112Bull $140
$188 = current price (white tick)
Neptune Insurance Holdings
Bear $2.64Fair Value $3.52Bull $4.40
$33.40 = 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.

Marsh & McLennan Companies · Financials

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

Neptune Insurance Holdings · Financials

Quality score75 · Top 25%
Fair value upside-89% · bottom 25%

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Marsh & McLennan Companies as the less overvalued of the two: Marsh & McLennan Companies trades at $188 versus a fair value of $112 (-40%), while Neptune Insurance Holdings trades at $33.40 versus $3.52 (-89%).

Neptune Insurance Holdings has the higher quality score (75/100).

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.