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Stock Comparison · Structural lead, mixed market

Marsh & McLennan Companies vs SAP: Which Stock Looks Stronger in 2026?

The structural profiles are close, with Marsh & McLennan Companies carrying a narrow edge on valuation. SAP SE still has the edge on profitability, which keeps the comparison from looking entirely one-sided. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

The lead is spread across valuation and stability, rather than sitting in one isolated gap.

Trajectory Similarity
0.72
Similar
Peer-set rank: #5
within Marsh & McLennan Companies, Inc.'s functional peer set

These two companies are linked by measured long-term financial trajectory similarity within the selected peer universe.

This level of similarity signals a strong structural match, even though some dimensions still separate the two companies.

The clearest structural overlap shows up in revenue stability and investment intensity.

Similarity drivers
revenue stabilityinvestment intensity
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
MRSH
Marsh & McLennan Companies, Inc.
56
Peer-Score
Signal qualityLow
vs
SAP.DE
SAP SE
51
Peer-Score
Signal qualityHigh

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: MRSH vs SAP.DE Profitability 41 56 Stability 78 68 Valuation 76 56 Growth 28 19 MRSH SAP.DE
Gap Ranking
#1 Valuation +20
#2 Profitability +15
#3 Stability +10
#4 Growth +9
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for MRSH and SAP.DE Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer MRSHSAP.DE Relative valuation Structural strength

The structural gap is limited here, but current pricing still leans against SAP SE.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Valuation
Both look solid on valuation, though Marsh & McLennan Companies, Inc. still holds the stronger peer position.
Profitability
On profitability, the edge still sits with SAP SE, even though both profiles look solid.
Valuation — Dominant Gap
MRSH
76
SAP.DE
56
Gap+20in favour of MRSH

The multiple-based pricing edge comes from a forward P/E that is 2.6 turns lower.

What keeps the gap from being one-sided

Profitability still tilts materially toward SAP SE, which stops the result from looking dominant across the whole profile.

What this means for the comparison

The lead is built on both valuation and profitability — though profitability still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the MRSH vs SAP.DE comparison across all dimensions with the full interactive tool.

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Similar valuation-and-profitability comparisons

Explore how MRSH and SAP.DE each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.