Aon plc

LSE:0XHL Stock Report

Market Cap: US$73.1b

Aon Valuation

Is 0XHL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0XHL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

US$18.68k
Fair Value
98.1% undervalued intrinsic discount
18
Number of Analysts

Below Fair Value: 0XHL ($347.57) is trading below our estimate of fair value ($18678.29)

Significantly Below Fair Value: 0XHL is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0XHL?

Key metric: As 0XHL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0XHL. This is calculated by dividing 0XHL's market cap by their current earnings.
What is 0XHL's PE Ratio?
PE Ratio27.4x
EarningsUS$2.72b
Market CapUS$73.08b

Price to Earnings Ratio vs Peers

How does 0XHL's PE Ratio compare to its peers?

The above table shows the PE ratio for 0XHL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.3x
PRU Prudential
10.4x1.89%UK£27.2b
AV. Aviva
34.6x18.51%UK£20.5b
LGEN Legal & General Group
52.4x27.22%UK£13.6b
ADM Admiral Group
11.8x-0.86%UK£9.8b
0XHL Aon
27.4x12.06%US$73.1b

Price-To-Earnings vs Peers: 0XHL is expensive based on its Price-To-Earnings Ratio (27.4x) compared to the peer average (27.3x).

Price to Earnings Ratio vs Industry

How does 0XHL's PE Ratio compare vs other companies in the European Insurance Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0XHL 27.4xIndustry Avg. 12.7xNo. of Companies13PE0816243240+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0XHL is expensive based on its Price-To-Earnings Ratio (27.4x) compared to the European Insurance industry average (12.8x).

Price to Earnings Ratio vs Fair Ratio

What is 0XHL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0XHL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.4x
Fair PE Ratio19.2x

Price-To-Earnings vs Fair Ratio: 0XHL is expensive based on its Price-To-Earnings Ratio (27.4x) compared to the estimated Fair Price-To-Earnings Ratio (19.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0XHL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$344.14
US$402.94
+17.09%
7.69%US$449.00US$325.00n/a18
Nov ’26US$338.85
US$416.50
+22.92%
5.71%US$449.00US$349.00n/a18
Oct ’26US$356.00
US$414.46
+16.42%
5.71%US$451.00US$349.00n/a19
Sep ’26US$366.97
US$411.51
+12.14%
6.22%US$451.00US$338.00n/a19
Aug ’26US$352.39
US$410.51
+16.50%
7.03%US$451.00US$338.00n/a17
Jul ’26US$358.55
US$396.07
+10.47%
7.49%US$449.00US$332.65n/a19
Jun ’26US$370.96
US$396.07
+6.77%
7.56%US$449.00US$332.65n/a19
May ’26US$353.41
US$396.95
+12.32%
8.53%US$449.00US$315.34n/a19
Apr ’26US$397.85
US$403.80
+1.50%
8.69%US$468.00US$315.34n/a20
Mar ’26US$404.20
US$392.33
-2.94%
10.70%US$468.00US$313.00n/a19
Feb ’26US$370.94
US$389.08
+4.89%
10.11%US$445.00US$313.00n/a19
Jan ’26US$358.32
US$383.08
+6.91%
9.39%US$440.00US$313.00n/a19
Dec ’25US$391.54
US$386.67
-1.24%
8.52%US$440.00US$313.00n/a18
Nov ’25US$365.94
US$383.00
+4.66%
8.06%US$432.00US$313.00US$338.8518
Oct ’25US$350.00
US$346.89
-0.89%
7.86%US$413.00US$300.00US$356.0019
Sep ’25US$341.64
US$343.61
+0.58%
7.72%US$413.00US$300.00US$366.9718
Aug ’25US$324.82
US$335.67
+3.34%
8.80%US$413.00US$300.00US$352.3918
Jul ’25US$294.79
US$320.89
+8.85%
8.67%US$413.00US$289.00US$358.5518
Jun ’25US$279.40
US$320.89
+14.85%
8.67%US$413.00US$289.00US$370.9618
May ’25US$284.07
US$329.56
+16.01%
9.21%US$413.00US$289.00US$353.4116
Apr ’25US$335.30
US$331.47
-1.14%
9.31%US$413.00US$294.00US$397.8515
Mar ’25US$313.07
US$328.38
+4.89%
9.31%US$413.00US$291.00US$404.2015
Feb ’25US$299.98
US$327.25
+9.09%
8.20%US$390.00US$291.00US$370.9415
Jan ’25US$289.54
US$330.55
+14.16%
7.28%US$360.00US$291.00US$358.3214
Dec ’24US$326.76
US$336.93
+3.11%
5.68%US$361.00US$291.00US$391.5418
Nov ’24US$310.39
US$337.17
+8.63%
5.73%US$361.00US$291.00US$365.9418
US$404.4
Fair Value
14.1% undervalued intrinsic discount
18
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/07 06:41
End of Day Share Price 2025/11/07 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Aon plc is covered by 32 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jay GelbBarclays
Taylor ScottBarclays
null nullBMO Capital Markets Equity Research