AON

NYSE

Aon plc

Financials, Insurance Brokers

$358.30

close 7 Aug 2026

-2.66%

52-week change

$76.00B

market cap

$304.59

$382.34

52-week range

Expected price

$451.58 – $551.93

Current price

$358.30

Signal

Could be undervalued

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)19.75x

P/S (TTM)4.32x

P/B7.92x

EV/EBITDA (TTM)—

FCF yield (TTM)4.27%

PEG (TTM, GAAP)1.66

Context

P/E, own 5-year average31.30x

P/E, sector median16.04x*

Price at 5-year median P/E$507.01*

Indicated dividend yield0.92%

Forward — analyst consensus

Forward P/E (FY2026)18.79x*

Forward P/E (FY2027)16.79x

Forward PEG1.57*

Consensus EPS FY2026 (22 analysts)$19.07

EPS growth (FY2026→FY2027)11.95%

Revenue growth (FY2026)4.31%

Street view

Price target (mean)$402.47*

Target upside12.33%

Ratings (buy / hold / sell)13 / 7 / 2

FY2026 EPS revisions, 30d (up / down)5 / 9

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 29 Jul 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 +4.02%10Y CAGR +5.93%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$358.30

Cash & equivalents$1.06B

Total debt$14.97B

Shares outstanding212.13M

Result

DCF price per share$255.75

Current price$358.30

Margin of safety-28.62%

PV of years 1–10$26.57B

PV of terminal value$41.58B

Equity value$54.25B

Market-implied growth+7.57%

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	$3.38B	$3.51B	$3.66B	$3.80B	$3.96B	$4.11B	$4.28B	$4.45B	$4.63B	$4.82B	$89.77B
PV	$3.13B	$3.01B	$2.90B	$2.80B	$2.69B	$2.59B	$2.50B	$2.41B	$2.32B	$2.23B	$41.58B

period to 30 Jun 2026, filed 29 Jul 2026, close 7 Aug 2026