AON
Aon plc$316.06
+1.90%Live · FMPMay 29, 2026
Market cap
$67.5B
52w range
304.59 – 381.00
P / E
—
EPS
—
Volume
2.02M
Revenue · FY
$17.18B
+9.45% YoY
Overview
Discounted cash flow
Income / accounting-based
Multiples & assets
Scenario
Toolbox
Weighted blend
$381.18
+20.61% vs spot
Buy
Spot price
$316.06
Mkt cap $67.5B
subtle cardAnalyst PT consensus
$404.40
+27.95% vs spot
subtle cardMethods covered
18 / 20
9 in blend
subtle cardFootball field
AON · fair-value range by method
Method comparison
AON · fair value by valuation framework
| Method | Category | Fair value | Range | vs spot | Weight | Driver | Conf. |
|---|---|---|---|---|---|---|---|
| DCF · FCFF | dcf | $1,956.34 | $948.86 – $6,364.33 | +518.98% | 6.0% | WACC 5.3%, g₀=16.6%, gₗ=3.9% | high |
| DCF · FCFE | dcf | $579.41 | $400.23 – $906.00 | +83.32% | 11.9% | kₑ 7.6%, g₀=16.6%, gₗ=3.9% | high |
| DDM · Gordon | ddm | $82.55 | $65.17 – $112.59 | -73.88% | 11.9% | D₁ 2.98, kₑ 7.6%, gₗ 3.9% | med |
| DDM · H-model | ddm | $132.90 | $95.51 – $197.51 | -57.95% | — | D₀ 2.98, g₀=16.6%, gₗ=3.9%, H 5y | med |
| DDM · multi-stage | ddm | $109.49 | $93.06 – $125.91 | -65.36% | 11.9% | 5y schedule 16.6% → 3.9%, kₑ 7.6% | high |
| Residual income | income | $84.79 | $74.61 – $94.96 | -73.17% | 21.4% | BV 45.21, ROE 38.7% → kₑ | high |
| EVA / MVA | income | $1,598.75 | $1,406.90 – $1,790.60 | +405.84% | 7.1% | IC 24.9B, WACC 5.3% | high |
| Excess returns | income | $106.03 | $93.31 – $118.75 | -66.45% | 14.3% | BV 45.21, ROE 38.7% | high |
| P/E · sector | multiple | $238.28 | $209.69 – $266.87 | -24.61% | 9.5% | EPS 17.02 × peer P/E 14.0 | med |
| P/S · sector | multiple | $244.08 | $207.47 – $280.69 | -22.77% | — | Rev/sh 81.36 × peer P/S 3.00 | med |
| EV / EBITDA | multiple | $180.63 | $158.96 – $202.31 | -42.85% | — | EBITDA × peer 10.0× − ND 15.3B | high |
| EV / EBIT | multiple | $174.23 | $148.09 – $200.36 | -44.87% | — | EBIT × peer 12.0× − ND | med |
| EV / Sales | multiple | $134.85 | $114.62 – $155.07 | -57.34% | — | Sales × peer 2.55× − ND | med |
| PEG-anchored | multiple | $213.27 | $181.28 – $245.26 | -32.52% | — | PEG=1, fwd EPS g 12.5% | med |
| Earnings power | intrinsic | $236.21 | $207.87 – $264.56 | -25.26% | — | NOPAT / WACC, no growth | med |
| Graham revised | intrinsic | $699.13 | $594.26 – $804.00 | +121.20% | — | EPS×(8.5+2g)·4.4/Y | low |
| Lynch P/E=g | intrinsic | $282.00 | $239.70 – $324.30 | -10.78% | — | PE = g (16.6) | low |
| Book NAV | asset | $45.21 | $42.95 – $47.48 | -85.69% | 6.0% | (Assets − Liabilities) / Shares | high |
| Liquidation | asset | — | — | — | — | Cash 100% + non-cash 70% − Liab. | low |
| Reverse DCF | reverse | — | — | — | — | Implied g -17.7% · Pessimistic — market pricing decline | high |
Cost-of-capital build-up
CAPM cost of equity, after-tax cost of debt, WACC. Risk-free as of 2026-05-12.
| Risk-free rate (US 10y Treasury)rf | 4.46% |
| Equity beta (0.71)β | × 0.71 |
| Equity risk premiumERP | 4.46% |
| Cost of equity (CAPM)kₑ | 7.64% |
| Pre-tax cost of debtkd | 4.93% |
| Effective tax ratet | 20.8% |
| After-tax cost of debt | 3.90% |
| Equity weight$9.5B | 36.6% |
| Debt weight$16.5B | 63.4% |
| WACC | 5.27% |
Growth assumptions
Blended forward growth used as DCF default; terminal pegged to long-run nominal GDP.
| Analyst forward revenue growthFMP | 4.97% |
| Analyst forward EPS growthFMP | 12.53% |
| Historical 5y revenue CAGRFY | 8.95% |
| Historical 5y EPS CAGRFY | 32.33% |
| Sustainable g (ROE × retention)Δ | 32.11% |
| Blended near-term growth (g₀) | 16.57% |
| Terminal growth (gₗ) | 3.90% |
Sources
- FMP /analyst-estimates— 8 rows(as of 2022-12-30)
- Treasury rates · 10y— 4.46% rf(as of 2026-05-12)
- market_risk_premium · DB— 4.46% ERP(as of 2026-05-13)
- Sector multiple defaults— Financial Services (live sector PE unavailable)
- FMP /price-target-consensus— mean $404.40
This page is generated by a quantitative valuation engine for research purposes only and does not constitute investment advice. Methodology follows standard CFA / Damodaran frameworks; assumptions are driven by analyst consensus from Financial Modeling Prep and reported financial statements.