Is Brown & Brown, Inc. overvalued or undervalued?

As of 10 September 2025, the valuation grade for Brown & Brown, Inc. moved from expensive to fair. The company appears fairly valued based on its current metrics. Key ratios include a P/E ratio of 33, an EV to EBITDA of 18.80, and a Price to Book Value of 4.95. In comparison, peer Willis Towers Watson Plc has a P/E of 25.67, indicating that Brown & Brown, Inc. is trading at a premium relative to this competitor.
Despite the fair valuation, Brown & Brown, Inc. has underperformed against the S&P 500 in the short term, with a year-to-date return of -9.95% compared to the S&P 500's 12.22%. However, over the longer term, the company has shown resilience with a 5-year return of 105.07%, outperforming the S&P 500's 96.61%.