S&P 500 comparison · Financials

Arthur J. Gallagher & Co. vs Aon plc

Prices at close . Model readings .

Arthur J. Gallagher & Co.

$260.42+0.54%
Month: negativeLong run: neutral

Aon plc

$315.72+4.37%
Month: negativeLong run: negative
Price change

Price change, with the S&P 500 as a benchmark

Percent change in each close since the start of the chosen range, for both companies and the S&P 500 (SPY). Daily closes over the last year, weekly before that and monthly before five years.

In short

How the two compare

On the latest closes (28 Oct 2026), Aon plc is the larger company by market value ($67.25B against $66.75B). Over the past year Arthur J. Gallagher & Co. returned −5.8% and Aon plc −5.8%, while the S&P 500 returned +12.7%. The latest filed P/E is 40.5 for Arthur J. Gallagher & Co. and 15.9 for Aon plc, and the operating margin -6.6% against 19.7%. Over the next 21 sessions the model expects −0.6% for Arthur J. Gallagher & Co., with a 20% chance of a rise, and −0.65% for Aon plc, with a 12% chance. Arthur J. Gallagher & Co.'s long-run fair value is $237.07, a gap of −9% to its price; the long-run model view is neutral. Aon plc's long-run fair value is $267.54, a gap of −15.3% to its price; the long-run model view is negative.

Model view

What the model expects

Expected returns and the chance of a rise from our forecasting models, and the long-run fair value against the price. Readings, not advice.

Model readings:
Expected returnnext 21 sessions
AJG−0.6%
AON−0.65%
Chance of a risenext 21 sessions
AJG20%
AON12%
Expected returnnext 63 sessions
AJG+0.02%
AON+0.97%
Range of outcomes63 sessions, 80% band
AJG−23.5% to +23.6%
AON−21.4% to +23.4%
Chance of a risenext 63 sessionsMembers only · see plans
Long-run fair valueintrinsic value model
AJG$237.0728 Oct 2026
AON$267.5428 Oct 2026
Gap to pricefair value against the close
AJG−9%
AON−15.3%
Past readings that matchedsign of the 21-session outcome
AJG56.1%of 269
AON44.6%of 269
Price performance

How the prices moved

Price change over each period, with the S&P 500 (SPY) for comparison.

Closes to
1 monthS&P 500: +1.1%
AJG+14.3%
AON+14.4%
6 monthsS&P 500: +8.5%
AJG+23.4%
AON−1.6%
Year to dateS&P 500: +13.3%
AJG+1.3%
AON−10.1%
1 yearS&P 500: +12.7%
AJG−5.8%
AON−5.8%
5 yearsS&P 500: +70.7%
AJG+68.3%
AON+4.3%
1 year against the S&P 500percentage points
AJG−18.5 pts
AON−18.5 pts
Position in the 52-week range0% low, 100% high
AJG81%close $260.42 in $190.12 to $276.49
AON43%close $315.72 in $266.33 to $381.47
Against the 200-day average
AJG+12.6%
AON−2.9%
Valuation

What the market pays

Size and the multiples from the latest filed quarter. A P/E on losses reads n/m.

Filings: quarter to (AJG), (AON)
Market value
AJG$66.75B28 Oct 2026
AON$67.25B28 Oct 2026
Enterprise valueat the last filing
AJG$72.31B30 Jun 2026
AON$84.98B30 Sep 2026
P/Elatest filed
AJG40.5
AON15.9
Price to book
AJG2.48
AON5.78
EV / EBITDA
AJG-185.04
AON18.77
Free cash flow yield
AJG3.89%
AON5.54%
Dividend yield
AJG1.18%
AON1.14%
Questions

Arthur J. Gallagher & Co. or Aon plc: common questions

Which is larger by market value, Arthur J. Gallagher & Co. or Aon plc?

Aon plc, at $67.25B against $66.75B for Arthur J. Gallagher & Co., on the latest closes (28 Oct 2026).

Which has the higher P/E ratio, Arthur J. Gallagher & Co. or Aon plc?

Arthur J. Gallagher & Co. has the higher latest filed P/E, 40.5; Aon plc's is 15.9. Filings: quarter to 30 Jun 2026 and 30 Sep 2026.

How did Arthur J. Gallagher & Co. and Aon plc move over the past year against the S&P 500?

Over the past year Arthur J. Gallagher & Co. returned −5.8% and Aon plc −5.8%, while the S&P 500 returned +12.7%. Prices at close 28 Oct 2026.

What does the model expect for Arthur J. Gallagher & Co. and Aon plc over the next month?

−0.6% for Arthur J. Gallagher & Co. with a 20% chance of a rise, and −0.65% for Aon plc with a 12% chance, over the next 21 sessions. Model readings 28 Oct 2026. These are model readings, not advice.

How do the operating margins of Arthur J. Gallagher & Co. and Aon plc compare?

The operating margin is -6.6% for Arthur J. Gallagher & Co. and 19.7% for Aon plc, and the gross margin 10.3% against 19.7%. Filings: quarter to 30 Jun 2026 and 30 Sep 2026.

Do Arthur J. Gallagher & Co. and Aon plc shares move together?

Over the past year the correlation of their daily returns was 0.75 (often together); 1 means they always move together, 0 unrelated, −1 opposite. Prices at close 28 Oct 2026.

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The two company pagesArthur J. Gallagher & Co. (AJG) forecast and analysisAon plc (AON) forecast and analysis
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Model readings are research estimates, not investment advice. Prices: daily closes. Fundamentals: the latest SEC filings. Short interest: FINRA, settlement 30 Sep 2026. A dash means the figure is not in our data; it is never shown as zero. The model view follows a published rule: next month by the sign of the expected return, the long run positive at a fair value 10% or more above the price and negative at 10% or more below it.