US · USD

AJG

Arthur J Gallagher & Co

$226.11-2.46% (-$5.71)
Day's range
$225.27 – $232.76
Day's volume
$315M
52-week range
$190.85 – $306.87

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AJG in numbers

Market cap
$58B
P/E
36.92
P/B
2.44
Dividend yield (12m)
1.22%

The 12-month dividend yield of AJG is 1.22%, above its 5-year average of 1.01%.

AJG price history

10/03/202510/02/2026
Compare with

AJG risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-7.61%-6.74%+46.16%
Volatility (annualized)26.29%26.70%24.13%
Largest drawdown-22.05%-41.54%-41.54%
Positive months4/1218/3633/60

How much did investing in AJG return?

$1,000.00 invested on 11/01/2021 would be worth $1,461.62 today.

Value today in AJG
$1,461.62
Return over the period
+46.16%
Return per year
+8.02%
In the S&P 500
$1,690.98

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

AJG fundamentals

Valuation

  • P/E
    36.92
  • P/B
    2.44
  • EV/EBITDA
    —
  • EV/EBIT
    —
  • EV/Revenue
    4.53
  • P/EBIT
    —
  • P/S
    3.68
  • P/OCF
    23.66
  • P/FCF
    —
  • Earnings yield
    —
  • PEG ratio
    —
  • Earnings per share
    $6.12
  • Book value per share
    $92.54

Debt

  • Net debt
    $13.5B
  • Net debt/EBITDA
    —
  • Net debt/Equity
    0.57
  • Debt/Equity
    0.57
  • Current ratio
    1.05
  • Quick ratio
    —
  • Cash ratio
    —

Efficiency

  • Gross margin
    —
  • EBITDA margin
    —
  • Operating margin
    —
  • Net margin
    9.96%
  • Asset turnover
    0.19

Profitability

  • ROE
    6.62%
  • ROA
    1.92%
  • ROIC
    —
  • Payout
    44.90%

Growth

  • Revenue CAGR (5 years)
    15.54%
  • Earnings CAGR (5 years)
    11.99%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is AJG's fair price?

Two classic value formulas, with today's numbers. The current price is $226.11.

Graham's fair price
$112.93
50.06% below the price

√(22.50 × $6.12 × $92.54)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
$37.20
83.55% below the price

$2.23 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

AJG's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator20252024202320222021202020192018
P/E44.5349.4250.2635.8939.0229.2726.8021.41
P/B2.853.594.524.374.163.873.483.02
Dividend yield1.00%0.85%0.98%1.08%1.13%1.46%1.81%2.23%
Earnings per share$5.81$5.74$4.47$5.25$4.35$4.23$3.55$3.44
Book value per share$90.71$79.13$49.70$43.11$40.80$31.93$27.39$24.44
ROE6.41%7.26%9.00%12.19%10.66%13.24%12.97%14.08%
Gross margin———99.73%85.71%87.41%81.20%73.81%
Net margin10.72%12.66%9.63%13.03%11.05%11.69%9.30%9.14%

AJG's financial statements

Line202520242023202220212020
Net revenue$13.9B$11.6B$10.1B$8.6B$8.2B$7B
Cost of revenue———-$22.9M-$1.2B-$882.1M
Gross profit———$8.5B$7B$6.1B
EBITDA——————
EBIT——————
Financial result——————
Income before tax$1.9B$1.9B$1.2B$1.3B$975.1M$870.9M
Income tax-$368M-$404M-$219M-$211M-$20.1M-$12.8M
Net income$1.5B$1.5B$970M$1.1B$906.8M$818.8M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does AJG pay dividends?

Dividend yield per year

  • 2.47%2017
  • 2.23%2018
  • 1.81%2019
  • 1.46%2020
  • 1.13%2021
  • 1.08%2022
  • 0.98%2023
  • 0.85%2024
  • 1.00%2025
  • 0.93%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend09/07/202609/18/2026$0.70
Dividend06/04/202606/19/2026$0.70
Dividend03/05/202603/20/2026$0.70
Dividend12/04/202512/19/2025$0.65
Dividend09/04/202509/19/2025$0.65
Dividend06/05/202506/20/2025$0.65
Dividend03/06/202503/21/2025$0.65
Dividend12/05/202412/20/2024$0.60
Dividend09/05/202409/20/2024$0.60
Dividend06/06/202406/21/2024$0.60
Dividend02/28/202403/15/2024$0.60
Dividend11/29/202312/15/2023$0.55
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend08/30/202309/15/2023$0.55
Dividend05/31/202306/16/2023$0.55
Dividend03/01/202303/17/2023$0.55
Dividend11/30/202212/16/2022$0.51
Dividend08/31/202209/16/2022$0.51
Dividend06/01/202206/17/2022$0.51
Dividend03/02/202203/18/2022$0.51
Dividend12/01/202112/17/2021$0.48
Dividend09/01/202109/17/2021$0.48
Dividend06/02/202106/18/2021$0.48
Dividend03/03/202103/19/2021$0.48
Dividend12/02/202012/18/2020$0.45
Dividend09/02/202009/18/2020$0.45
Dividend06/03/202006/19/2020$0.45
Dividend03/04/202003/20/2020$0.45
Dividend12/04/201912/20/2019$0.43
Dividend09/04/201909/20/2019$0.43
Dividend06/05/201906/21/2019$0.43
Dividend02/27/201903/15/2019$0.43
Dividend12/05/201812/21/2018$0.41
Dividend09/05/201809/21/2018$0.41
Dividend05/30/201806/15/2018$0.41
Dividend02/28/201803/16/2018$0.41
Dividend11/29/201712/15/2017$0.39
Dividend08/29/201709/15/2017$0.39
Dividend05/30/201706/16/2017$0.39
Dividend02/28/201703/17/2017$0.39
Dividend11/29/201612/16/2016$0.38

About Arthur J Gallagher &

Sector
Finance, insurance and real estate

Questions about AJG

How much is AJG today?

AJG is at $226.11 (-2.46% on the day), last traded on 10/02/2026.

How much did AJG pay in dividends in 2025?

AJG paid $2.60 per share in 2025, a dividend yield of 1.00%.

What are the P/E and P/B of AJG?

AJG trades at a P/E of 36.92 and a P/B of 2.44.

How much did AJG return in 12 months?

AJG returned -7.61% in 12 months, with annualized volatility of 26.29% and a largest drawdown of -22.05%.