Valuation
26% of the score
73median 53
Aon plc is valued at 17x its operating profit before acquisition amortisation (EBITA), including debt: an ordinary multiple.
60x
50x
35x
25x
18x
12x
8x
17x
Full points at 8x or less, none from 60xfull points
AONAon plc
$303.42-11% 1Y
$303.42
$269.5352 weeks$381.27
RyuScore
Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
RyuScore 74 out of 100, Above average
Today's price. Only valuation depends on it.
Above average. Aon plc scores higher than 84% of the 2,231 companies Ryufin scores.
Carried by valuation and return on capital, held back by the balance sheet.
Financial Services median 61 · all companies 55
How the score has moved
At each fiscal year end, from the reports and price of the time65
60
71
75
65
71
74
202020212022202320242025today
The biggest move was up 11 points from 2021 to 2022, mostly valuation.
Return on capital
18% of the score
83median 24
Over 7 years the business earned 16% a year after tax on the capital it uses.
2%
8%
15%
25%
16%
None at 2% or less, full points from 25%full points
7 years agolatest 13%
Return on new capital
16% of the score
87median 33
For every dollar of operating profit earned over 6 years, yearly profit grew by 10 cents. New capital earned 12%, and 81% of profit went back into the business.
-5%
12%
9.8%
None at minus 5 cents, full points from 12 centsfull points
Capital allocation
14% of the score
81median 63
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countDown 1.4% a year over 5 years: buybacks
805%
-3%
-1.4%
0 pointsfull points
Assets against salesAssets grew 9.6% a year, sales 9.2%
8312%
-2%
0.4%
0 pointsfull points
Cycle position
12% of the score
62median 63
Today's operating margin of 25% is 1.04x its normal 24%: close to its usual level. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.
2x
1.5x
1x
0.7x
1x
A trough earns points, a peak costs themfull points
10 years agonow 25%
Balance sheet
8% of the score
40median 50
What the debt weighs against the profit that has to carry it.
Net debt to EBITDA2.8x a year of EBITDA
444.5x
0.5x
2.8x
0 pointsfull points
Interest coverOperating profit covers interest 5x
371.5x
12x
5.3x
0 pointsfull points
Earnings quality
6% of the score
64median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
Cash against profitOperating cash flow was 1.09x profit over 3 years
730.7x
1x
1.3x
1.1x
0 pointsfull points
AccrualsProfit ran ahead of cash by 0.5% of assets
568%
0%
-8%
0.5%
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there.
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