AJG

NYSE

Arthur J. Gallagher & Co.

Financials, Insurance Brokers

$248.12

close 7 Aug 2026

-14.12%

52-week change

$63.59B

market cap

$190.75

$313.55

52-week range

Expected price

$220.10 – $269.01

Current price

$248.12

Signal

Appears fairly valued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)41.12x

P/S (TTM)4.04x

P/B2.68x

EV/EBITDA (TTM)—

FCF yield (TTM)3.59%

PEG (TTM, GAAP)12.04

Context

P/E, own 5-year average43.39x

P/E, sector median16.04x*

Price at 5-year median P/E$246.23*

Indicated dividend yield1.13%

Forward — analyst consensus

Forward P/E (FY2026)18.79x*

Forward P/E (FY2027)16.68x

Forward PEG1.49*

Consensus EPS FY2026 (19 analysts)$13.21

EPS growth (FY2026→FY2027)12.60%

Revenue growth (FY2026)21.75%

Street view

Price target (mean)$289.61*

Target upside16.72%

Ratings (buy / hold / sell)16 / 6 / 0

FY2026 EPS revisions, 30d (up / down)3 / 16

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 5 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +0.89%10Y CAGR +11.76%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$248.12

Cash & equivalents—

Total debt$13.48B

Shares outstanding256.30M

Result

DCF price per share—

Current price$248.12

Margin of safety—

PV of years 1–10$16.01B

PV of terminal value$21.55B

Equity value—

Market-implied growth—

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$2.31B	$2.33B	$2.35B	$2.37B	$2.39B	$2.41B	$2.43B	$2.45B	$2.47B	$2.50B	$46.53B
PV	$2.13B	$1.99B	$1.86B	$1.74B	$1.63B	$1.52B	$1.42B	$1.33B	$1.24B	$1.16B	$21.55B

period to 30 Jun 2026, filed 5 Aug 2026, close 7 Aug 2026