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STOCK COMPARISON

Marsh & McLennan Companies vs Willis Towers Watson: Fair Value & Quality

Both stocks run through our valuation models. Here is how Marsh & McLennan Companies (MRSH) and Willis Towers Watson (WTW) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Willis Towers Watson as the less overvalued of the two: Marsh & McLennan Companies trades at $188 versus a fair value of $112 (-40%), while Willis Towers Watson trades at $342 versus $221 (-35%).
Marsh & McLennan Companies
MRSH · USD · Financials
-40%
upside to fair value
overvalued
Price$188
Fair Value$112
Quality64/100
Willis Towers Watson
WTW · USD · Financials
-35%
upside to fair value
overvalued
Price$342
Fair Value$221
Quality70/100
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Head-to-head numbers

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

Marsh & McLennan CompaniesWillis Towers Watson
Valuation
22.8×P/E (TTM)17.0×
3.19×P/S (TTM)2.82×
5.81×P/B3.50×
13.6×EV/EBITDA11.0×
1.76×PEG1.08×
−40.4%Fair value upside−35.4%
1.9%Dividend yield0.8%
$3.60Dividend per share$2.80
Profitability
24%Operating margin21%
1.30×EBIT margin trend (5Y)2.30×
28%Return on equity21%
7%Return on assets5%
Growth
8%Revenue growth (YoY)9%
9.2%Avg. growth/yr (3Y)3.1%
9.4%Avg. growth/yr (5Y)2.4%
+18.5%Value creation/yr+15.3%
Balance & size
6.5×Interest coverage (EBIT/interest)8.6×
1.21×Debt / equity0.72×
$88BMarket cap$28B
healthyGrowth qualitymixed

Willis Towers Watson leads: 7 to 9 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 Willis Towers Watsonof which business quality 64 · market factors 69
ProfitabilityMargins and returns on capital today
55
46
Quality GrowthAre margins and returns improving?
50
54
CashflowEarnings quality: real cash, not paper profit
75
66
Fin. StrengthBalance sheet, leverage, solvency risk
35
46
InvestmentDisciplined investing over empire-building
62
99
Low VolatilityCalm price path (market factor)
84
83
MomentumPrice trend over the last 3–12 months (market factor)
46
62
52W MomentumDistance to the 52-week high (market factor)
42
67
Net IssuanceBuybacks instead of dilution
93
100

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 $188Willis Towers WatsonPrice $342
Dividend Discount-68%below the price$60.10-81%below the price$64.91
Multiples-59%below the price$78.07-50%below the price$170
Asset-Based-89%below the price$21.00-83%below the price$56.58
Economic Profit-61%below the price$74.16-56%below the price$151
Minimum-89%below the price$21.00-83%below the price$56.58
Maximum-59%below the price$78.07-50%below the price$170
Median-64%below the price$67.13-68%below the price$108
Geometric mean-72%below the price$51.99-71%below the price$98.43

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.

Willis Towers Watson: 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.

Marsh & McLennan Companies
Bear $84.19Fair Value $112Bull $140
$188 = current price (white tick)
Willis Towers Watson
Bear $166Fair Value $221Bull $276
$342 = 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%

Willis Towers Watson · Financials

Quality score70 · Top 25%
Fair value upside-35% · below median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Willis Towers Watson as the less overvalued of the two: Marsh & McLennan Companies trades at $188 versus a fair value of $112 (-40%), while Willis Towers Watson trades at $342 versus $221 (-35%).

Willis Towers Watson has the higher quality score (70/100).

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.