{
 "ticker": "MRSH",
 "name": "Marsh & Mclennan Companies, Inc.",
 "legal_name": "MARSH & MCLENNAN COMPANIES, INC.",
 "cik": "0000062709",
 "exchange": "NYSE",
 "sic": "6411",
 "industry": "Insurance Agents, Brokers & Service",
 "state": "DE",
 "fiscal_year_end": "1231",
 "is_financial": true,
 "is_utility": false,
 "snapshot_date": "2026-10-26",
 "price": {
  "value": 197.48,
  "as_of": "2026-10-23",
  "source": "Alpaca Market Data (consolidated SIP daily bar)",
  "url": "https://docs.alpaca.markets/docs/historical-stock-data-1"
 },
 "market_cap": {
  "value": 93904569295.95999,
  "as_of": "2026-10-23",
  "unit": "USD",
  "meaning": "price on the price date x latest reported point-in-time shares (see inputs.share_count_as_of)",
  "warning": null,
  "unavailable_reason": null,
  "inputs": {
   "traded_price": {
    "value": 197.48,
    "as_of": "2026-10-23",
    "unit": "USD per traded unit (share or ADS)",
    "source": "Alpaca Market Data (consolidated SIP daily bar)",
    "url": "https://docs.alpaca.markets/docs/historical-stock-data-1"
   },
   "sec_shares_outstanding": {
    "value": 475514327.0,
    "unit": "underlying shares",
    "concept": "SEC cover page 10-Q 0000062709-26-000258 (475,514,327 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/62709/000006270926000258/mrsh-20260930.htm",
    "period_end": "2026-10-12",
    "accession": "0000062709-26-000258",
    "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270926000258/R1.htm"
   },
   "depositary_ratio": {
    "value": 1.0,
    "unit": "underlying shares per traded unit",
    "status": "domestic",
    "source": "10-K filer; SEC shares are the traded units",
    "evidence_url": null,
    "evidence_form": null,
    "evidence_filed": null,
    "body_snippet": null
   },
   "formula": "market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used",
   "split_adjustment": null,
   "share_count_as_of": "2026-10-12",
   "share_count_age_days_at_price_date": 11,
   "warning": null,
   "computed": "197.48 (price 2026-10-23) / 1 x 475,514,327 (shares at 2026-10-12) = 93,904,569,296"
  }
 },
 "share_basis": {
  "ratio": 1.0,
  "status": "domestic",
  "source": "10-K filer; SEC shares are the traded units",
  "evidence": null,
  "meaning": "SEC share counts and per-share figures are per underlying share; ratio = underlying shares per traded unit (1 for domestic common stock; N for an ADS representing N shares)."
 },
 "scores": {
  "graham": {
   "score": null,
   "status": "not scored (financial)",
   "complete": null,
   "missing_tests": [],
   "passes_all": null,
   "data_as_of": null,
   "data_as_of_meaning": "oldest current-period input the score depends on",
   "stale_inputs": [],
   "history_from": null,
   "history_through": null,
   "price_as_of": null,
   "price_stale": null,
   "verification": null,
   "coverage": null,
   "computed_on": "2026-10-26",
   "rules_url": "https://theclaudetrader.com/p/graham",
   "components": [],
   "inputs": []
  },
  "magic_formula": {
   "score": null,
   "status": "not scored",
   "complete": null,
   "missing_tests": [],
   "passes_all": null,
   "data_as_of": null,
   "data_as_of_meaning": "oldest current-period input the score depends on",
   "stale_inputs": [],
   "history_from": null,
   "history_through": null,
   "price_as_of": null,
   "price_stale": null,
   "verification": null,
   "coverage": null,
   "computed_on": "2026-10-26",
   "rules_url": "https://theclaudetrader.com/p/magic_formula",
   "components": [],
   "inputs": []
  },
  "momentum": {
   "score": 55.2,
   "status": "ok",
   "complete": true,
   "missing_tests": [],
   "passes_all": null,
   "data_as_of": "2026-10-23",
   "data_as_of_meaning": "oldest current-period input the score depends on",
   "stale_inputs": [],
   "history_from": null,
   "history_through": null,
   "price_as_of": "2026-10-23",
   "price_stale": null,
   "verification": null,
   "coverage": null,
   "computed_on": "2026-10-26",
   "rules_url": "https://theclaudetrader.com/p/momentum",
   "components": [
    {
     "name": "12-1 month return",
     "value": -8.0,
     "unit": "%",
     "percentile": 28.8,
     "points": 14.4,
     "max": 50
    },
    {
     "name": "6 month return",
     "value": 14.8,
     "unit": "%",
     "percentile": 72.4,
     "points": 14.5,
     "max": 20
    },
    {
     "name": "Price / 52-week high",
     "value": 0.991,
     "points": 14.9,
     "max": 15
    },
    {
     "name": "Volatility penalty (60d annualised)",
     "value": 21.6,
     "unit": "%",
     "points": 11.4,
     "max": 15
    }
   ],
   "inputs": [
    {
     "name": "Adjusted close series (14 months)",
     "value": 197.48,
     "kind": "price",
     "source": "Yahoo Finance / Alpaca Market Data daily history",
     "url": null,
     "period": "2026-10-23",
     "age_days": 3,
     "stale": false
    }
   ]
  },
  "insider": {
   "score": 0.0,
   "status": "ok",
   "complete": true,
   "missing_tests": [],
   "passes_all": null,
   "data_as_of": "2026-10-23",
   "data_as_of_meaning": "oldest current-period input the score depends on",
   "stale_inputs": [],
   "history_from": null,
   "history_through": null,
   "price_as_of": null,
   "price_stale": null,
   "verification": null,
   "coverage": {
    "window_start": "2026-07-28",
    "through": "2026-10-23",
    "missing_days": 3,
    "note": "Form 4 data loaded through 2026-10-23"
   },
   "computed_on": "2026-10-26",
   "rules_url": "https://theclaudetrader.com/p/insider",
   "components": [
    {
     "name": "Open-market buy value / market cap (percentile among buyers)",
     "value": 0.0,
     "unit": "bp",
     "points": 0.0,
     "max": 35
    },
    {
     "name": "Distinct buyers",
     "value": 0,
     "points": 0.0,
     "max": 25
    },
    {
     "name": "Buyer seniority",
     "value": 0.0,
     "points": 0.0,
     "max": 20
    },
    {
     "name": "Recency (half-life 30d)",
     "value": 0.0,
     "points": 0.0,
     "max": 10
    },
    {
     "name": "Sales penalty (excludes 10b5-1 plan sales)",
     "value": 0.3,
     "unit": "bp",
     "points": -4.7,
     "max": 0
    }
   ],
   "inputs": [
    {
     "name": "Form 4 S Brennan Katherine 2026-09-02",
     "value": 224916.30000000002,
     "shares": 1197.0,
     "price": 187.9,
     "role": "officer",
     "period": "2026-09-02",
     "source": "SEC Form 4 (insider transactions data set)",
     "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270926000229/"
    },
    {
     "name": "Form 4 S Jones John Jude 2026-08-06",
     "value": 1247740.0,
     "shares": 6500.0,
     "price": 191.96,
     "role": "officer",
     "period": "2026-08-06",
     "source": "SEC Form 4 (insider transactions data set)",
     "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270926000206/"
    },
    {
     "name": "Form 4 S South Martin 2026-07-28",
     "value": 1348929.0,
     "shares": 7100.0,
     "price": 189.99,
     "role": "officer",
     "period": "2026-07-28",
     "source": "SEC Form 4 (insider transactions data set)",
     "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270926000201/"
    },
    {
     "name": "excluded 2026-09-02 S",
     "value": "10b5-1 plan",
     "source": "rule"
    },
    {
     "name": "excluded 2026-07-29 S",
     "value": "10b5-1 plan",
     "source": "rule"
    }
   ]
  },
  "buffett": {
   "score": null,
   "status": "not scored (financial)",
   "complete": null,
   "missing_tests": [],
   "passes_all": null,
   "data_as_of": null,
   "data_as_of_meaning": "oldest current-period input the score depends on",
   "stale_inputs": [],
   "history_from": null,
   "history_through": null,
   "price_as_of": null,
   "price_stale": null,
   "verification": null,
   "coverage": null,
   "computed_on": "2026-10-26",
   "rules_url": "https://theclaudetrader.com/p/buffett",
   "components": [],
   "inputs": []
  },
  "lynch": {
   "score": null,
   "status": "not scored (financial)",
   "complete": null,
   "missing_tests": [],
   "passes_all": null,
   "data_as_of": null,
   "data_as_of_meaning": "oldest current-period input the score depends on",
   "stale_inputs": [],
   "history_from": null,
   "history_through": null,
   "price_as_of": null,
   "price_stale": null,
   "verification": null,
   "coverage": null,
   "computed_on": "2026-10-26",
   "rules_url": "https://theclaudetrader.com/p/lynch",
   "components": [],
   "inputs": []
  },
  "graham_enterprising": {
   "score": null,
   "status": "not scored (financial)",
   "complete": null,
   "missing_tests": [],
   "passes_all": null,
   "data_as_of": null,
   "data_as_of_meaning": "oldest current-period input the score depends on",
   "stale_inputs": [],
   "history_from": null,
   "history_through": null,
   "price_as_of": null,
   "price_stale": null,
   "verification": null,
   "coverage": null,
   "computed_on": "2026-10-26",
   "rules_url": "https://theclaudetrader.com/p/graham_enterprising",
   "components": [],
   "inputs": []
  },
  "piotroski": {
   "score": null,
   "status": "not scored (financial)",
   "complete": null,
   "missing_tests": [],
   "passes_all": null,
   "data_as_of": null,
   "data_as_of_meaning": "oldest current-period input the score depends on",
   "stale_inputs": [],
   "history_from": null,
   "history_through": null,
   "price_as_of": null,
   "price_stale": null,
   "verification": null,
   "coverage": null,
   "computed_on": "2026-10-26",
   "rules_url": "https://theclaudetrader.com/p/piotroski",
   "components": [],
   "inputs": []
  }
 },
 "net_income_by_fy": [
  {
   "fy": 2013,
   "period_end": "2013-12-31",
   "sec_frame": "CY2013",
   "value": 1357000000.0,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270916000040/",
   "accession": "0000062709-16-000040"
  },
  {
   "fy": 2014,
   "period_end": "2014-12-31",
   "sec_frame": "CY2014",
   "value": 1465000000.0,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270917000008/",
   "accession": "0000062709-17-000008"
  },
  {
   "fy": 2015,
   "period_end": "2015-12-31",
   "sec_frame": "CY2015",
   "value": 1599000000.0,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270918000020/",
   "accession": "0000062709-18-000020"
  },
  {
   "fy": 2016,
   "period_end": "2016-12-31",
   "sec_frame": "CY2016",
   "value": 1768000000.0,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270919000010/",
   "accession": "0000062709-19-000010"
  },
  {
   "fy": 2017,
   "period_end": "2017-12-31",
   "sec_frame": "CY2017",
   "value": 1492000000.0,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270920000010/",
   "accession": "0000062709-20-000010"
  },
  {
   "fy": 2018,
   "period_end": "2018-12-31",
   "sec_frame": "CY2018",
   "value": 1650000000.0,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270921000008/",
   "accession": "0000062709-21-000008"
  },
  {
   "fy": 2019,
   "period_end": "2019-12-31",
   "sec_frame": "CY2019",
   "value": 1742000000.0,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270922000009/",
   "accession": "0000062709-22-000009"
  },
  {
   "fy": 2020,
   "period_end": "2020-12-31",
   "sec_frame": "CY2020",
   "value": 2016000000.0,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270923000014/",
   "accession": "0000062709-23-000014"
  },
  {
   "fy": 2021,
   "period_end": "2021-12-31",
   "sec_frame": "CY2021",
   "value": 3143000000.0,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270924000016/",
   "accession": "0000062709-24-000016"
  },
  {
   "fy": 2022,
   "period_end": "2022-12-31",
   "sec_frame": "CY2022",
   "value": 3050000000.0,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270925000015/",
   "accession": "0000062709-25-000015"
  },
  {
   "fy": 2023,
   "period_end": "2023-12-31",
   "sec_frame": "CY2023",
   "value": 3756000000.0,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270926000022/",
   "accession": "0000062709-26-000022"
  },
  {
   "fy": 2024,
   "period_end": "2024-12-31",
   "sec_frame": "CY2024",
   "value": 4060000000.0,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270926000022/",
   "accession": "0000062709-26-000022"
  },
  {
   "fy": 2025,
   "period_end": "2025-12-31",
   "sec_frame": "CY2025",
   "value": 4160000000.0,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270926000022/",
   "accession": "0000062709-26-000022"
  }
 ],
 "eps_diluted_by_fy": [
  {
   "fy": 2013,
   "period_end": "2013-12-31",
   "sec_frame": "CY2013",
   "value": 2.43,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270916000040/",
   "accession": "0000062709-16-000040",
   "value_reported": 2.43,
   "split_factor": 1.0,
   "split_basis": "filed between 2016-01-01 and 2016-12-31"
  },
  {
   "fy": 2014,
   "period_end": "2014-12-31",
   "sec_frame": "CY2014",
   "value": 2.65,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270917000008/",
   "accession": "0000062709-17-000008",
   "value_reported": 2.65,
   "split_factor": 1.0,
   "split_basis": "filed between 2017-01-01 and 2017-12-31"
  },
  {
   "fy": 2015,
   "period_end": "2015-12-31",
   "sec_frame": "CY2015",
   "value": 2.98,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270918000020/",
   "accession": "0000062709-18-000020",
   "value_reported": 2.98,
   "split_factor": 1.0,
   "split_basis": "filed 2018-05-09"
  },
  {
   "fy": 2016,
   "period_end": "2016-12-31",
   "sec_frame": "CY2016",
   "value": 3.38,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270919000010/",
   "accession": "0000062709-19-000010",
   "value_reported": 3.38,
   "split_factor": 1.0,
   "split_basis": "filed 2019-02-21"
  },
  {
   "fy": 2017,
   "period_end": "2017-12-31",
   "sec_frame": "CY2017",
   "value": 2.87,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270920000010/",
   "accession": "0000062709-20-000010",
   "value_reported": 2.87,
   "split_factor": 1.0,
   "split_basis": "filed 2020-02-20"
  },
  {
   "fy": 2018,
   "period_end": "2018-12-31",
   "sec_frame": "CY2018",
   "value": 3.23,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270921000008/",
   "accession": "0000062709-21-000008",
   "value_reported": 3.23,
   "split_factor": 1.0,
   "split_basis": "filed 2021-02-17"
  },
  {
   "fy": 2019,
   "period_end": "2019-12-31",
   "sec_frame": "CY2019",
   "value": 3.41,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270922000009/",
   "accession": "0000062709-22-000009",
   "value_reported": 3.41,
   "split_factor": 1.0,
   "split_basis": "filed 2022-02-16"
  },
  {
   "fy": 2020,
   "period_end": "2020-12-31",
   "sec_frame": "CY2020",
   "value": 3.94,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270923000014/",
   "accession": "0000062709-23-000014",
   "value_reported": 3.94,
   "split_factor": 1.0,
   "split_basis": "filed 2023-02-13"
  },
  {
   "fy": 2021,
   "period_end": "2021-12-31",
   "sec_frame": "CY2021",
   "value": 6.13,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270924000016/",
   "accession": "0000062709-24-000016",
   "value_reported": 6.13,
   "split_factor": 1.0,
   "split_basis": "filed 2024-02-12"
  },
  {
   "fy": 2022,
   "period_end": "2022-12-31",
   "sec_frame": "CY2022",
   "value": 6.04,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270925000015/",
   "accession": "0000062709-25-000015",
   "value_reported": 6.04,
   "split_factor": 1.0,
   "split_basis": "filed 2025-02-10"
  },
  {
   "fy": 2023,
   "period_end": "2023-12-31",
   "sec_frame": "CY2023",
   "value": 7.53,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270926000022/",
   "accession": "0000062709-26-000022",
   "value_reported": 7.53,
   "split_factor": 1.0,
   "split_basis": "filed 2026-02-09"
  },
  {
   "fy": 2024,
   "period_end": "2024-12-31",
   "sec_frame": "CY2024",
   "value": 8.18,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270926000022/",
   "accession": "0000062709-26-000022",
   "value_reported": 8.18,
   "split_factor": 1.0,
   "split_basis": "filed 2026-02-09"
  },
  {
   "fy": 2025,
   "period_end": "2025-12-31",
   "sec_frame": "CY2025",
   "value": 8.43,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270926000022/",
   "accession": "0000062709-26-000022",
   "value_reported": 8.43,
   "split_factor": 1.0,
   "split_basis": "filed 2026-02-09"
  }
 ],
 "revenue_by_fy": [
  {
   "fy": 2022,
   "period_end": "2022-12-31",
   "sec_frame": "CY2022",
   "value": 20720000000.0,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270925000015/",
   "accession": "0000062709-25-000015"
  },
  {
   "fy": 2023,
   "period_end": "2023-12-31",
   "sec_frame": "CY2023",
   "value": 22736000000.0,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270926000022/",
   "accession": "0000062709-26-000022"
  },
  {
   "fy": 2024,
   "period_end": "2024-12-31",
   "sec_frame": "CY2024",
   "value": 24458000000.0,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270926000022/",
   "accession": "0000062709-26-000022"
  },
  {
   "fy": 2025,
   "period_end": "2025-12-31",
   "sec_frame": "CY2025",
   "value": 26981000000.0,
   "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270926000022/",
   "accession": "0000062709-26-000022"
  }
 ],
 "dividend_years": [
  1983,
  1984,
  1985,
  1986,
  1987,
  1988,
  1989,
  1990,
  1991,
  1992,
  1993,
  1994,
  1995,
  1996,
  1997,
  1998,
  1999,
  2000,
  2001,
  2002,
  2003,
  2004,
  2005,
  2006,
  2007,
  2008,
  2009,
  2010,
  2011,
  2012,
  2013,
  2014,
  2015,
  2016,
  2017,
  2018,
  2019,
  2020,
  2021,
  2022,
  2023,
  2024,
  2025,
  2026
 ],
 "insider_transactions_recent": [
  {
   "txn_date": "2026-09-02",
   "insider_name": "Doyle John Q",
   "role": "CEO",
   "code": "S",
   "shares": 16656.0,
   "price": 188.51,
   "value": 3139822.56,
   "is_10b5_1": 1,
   "source_url": "https://www.sec.gov/Archives/edgar/data/62709/000006270926000228/"
  },
  {
   "txn_date": "2026-09-02",
   "insider_name": "Brennan Katherine",
   "role": "officer",
   "code": "S",
   "shares": 1197.0,
   "price": 187.9,
   "value": 224916.30000000002,
   "is_10b5_1": 0,
   "source_url": "https://www.sec.gov/Archives/edgar/data/62709/000006270926000229/"
  },
  {
   "txn_date": "2026-08-06",
   "insider_name": "Jones John Jude",
   "role": "officer",
   "code": "S",
   "shares": 6500.0,
   "price": 191.96,
   "value": 1247740.0,
   "is_10b5_1": 0,
   "source_url": "https://www.sec.gov/Archives/edgar/data/62709/000006270926000206/"
  },
  {
   "txn_date": "2026-07-29",
   "insider_name": "Beswick Paul",
   "role": "officer",
   "code": "S",
   "shares": 713.0,
   "price": 198.0,
   "value": 141174.0,
   "is_10b5_1": 1,
   "source_url": "https://www.sec.gov/Archives/edgar/data/62709/000006270926000204/"
  },
  {
   "txn_date": "2026-07-28",
   "insider_name": "South Martin",
   "role": "officer",
   "code": "S",
   "shares": 7100.0,
   "price": 189.99,
   "value": 1348929.0,
   "is_10b5_1": 0,
   "source_url": "https://www.sec.gov/Archives/edgar/data/62709/000006270926000201/"
  },
  {
   "txn_date": "2026-07-23",
   "insider_name": "Yates Lloyd M",
   "role": "director",
   "code": "S",
   "shares": 12000.0,
   "price": 175.65,
   "value": 2107800.0,
   "is_10b5_1": 0,
   "source_url": "https://www.sec.gov/Archives/edgar/data/62709/000006270926000198/"
  },
  {
   "txn_date": "2026-06-02",
   "insider_name": "Doyle John Q",
   "role": "CEO",
   "code": "S",
   "shares": 16656.0,
   "price": 161.71,
   "value": 2693441.7600000002,
   "is_10b5_1": 0,
   "source_url": "https://www.sec.gov/Archives/edgar/data/62709/000006270926000164/"
  }
 ],
 "links": {
  "sec_filings": "https://www.sec.gov/edgar/browse/?CIK=0000062709",
  "sec_xbrl_companyfacts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000062709.json",
  "sec_form4": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000062709&type=4",
  "sec_8k": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000062709&type=8-K",
  "yahoo": "https://finance.yahoo.com/quote/MRSH",
  "stooq": "https://stooq.com/q/d/?s=mrsh.us",
  "external_views_link_only": {
   "morningstar": "https://www.morningstar.com/search?query=MRSH",
   "finviz": "https://finviz.com/quote.ashx?t=MRSH",
   "stockanalysis": "https://stockanalysis.com/stocks/mrsh/",
   "seeking_alpha": "https://seekingalpha.com/symbol/MRSH",
   "openinsider": "http://openinsider.com/search?q=MRSH",
   "google_news": "https://news.google.com/rss/search?q=MRSH+stock"
  }
 },
 "machine_readable": {
  "json": "https://theclaudetrader.com/s/MRSH.json",
  "markdown": "https://theclaudetrader.com/s/MRSH.md",
  "research_packet": "https://theclaudetrader.com/r/MRSH.json",
  "index": "https://theclaudetrader.com/llms.txt"
 },
 "dossier": {
  "url": "https://theclaudetrader.com/d/MRSH.md",
  "written": "2026-10-17",
  "note": "librarian agent dossier: cited facts only, no opinions"
 },
 "cite_as": "The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/MRSH; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23.",
 "disclaimer": "Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.",
 "fair_value_model": {
  "fair_value": 129.35,
  "fv_low": 77.12,
  "fv_high": 181.58,
  "fv_gap_pct": -34.5,
  "fv_verdict": "red",
  "fv_methods": 2,
  "fv_as_of": "2026-10-23",
  "fv_calculated_on": "2026-10-26",
  "fv_inputs_through": "2026-09-30",
  "fv_skipped": null,
  "unit": "per traded unit (share or ADS), same currency as the price",
  "methods": {
   "earnings": {
    "value": 181.58256685272548,
    "pe_used": 21.54004351752378,
    "pe_raw": 21.54004351752378,
    "pe_basis": "SIC 64 peer median excluding itself (4 peers)",
    "inputs": {
     "eps": {
      "fy": 2025,
      "value": 8.43,
      "tag": "SEC XBRL EarningsPerShareDiluted",
      "period_end": "2025-12-31",
      "accession": "0000062709-26-000022",
      "filed": null,
      "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270926000022/",
      "value_reported": 8.43,
      "split_factor": 1.0
     }
    }
   },
   "graham": {
    "value": 77.11911992923221,
    "inputs": {
     "eps": {
      "fy": 2025,
      "value": 8.43,
      "tag": "SEC XBRL EarningsPerShareDiluted",
      "period_end": "2025-12-31",
      "accession": "0000062709-26-000022",
      "filed": null,
      "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270926000022/",
      "value_reported": 8.43,
      "split_factor": 1.0
     },
     "bvps": {
      "value": 31.355522122890736,
      "equity": {
       "value": 14910000000.0,
       "tag": "SEC XBRL StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest",
       "period_end": "2026-09-30",
       "accession": "0000062709-26-000258",
       "filed": null,
       "url": "https://www.sec.gov/Archives/edgar/data/62709/000006270926000258/"
      },
      "shares": 475514327.0
     }
    }
   }
  },
  "method_note": "Median of up to three methods from SEC filings: owner-earnings DCF (3-yr avg FCF, 10-yr two-stage, growth = min(5-yr revenue CAGR, 10%) fading to 2.5%, 9% discount), trailing EPS x SIC-peer median P/E (8-35), Graham number. Model estimate, not advice.",
  "discount_rate": 0.09,
  "terminal_growth": 0.025,
  "verdict_rule": "green: fair value more than 10% above price; red: more than 10% below; amber: within 10%",
  "page": "https://theclaudetrader.com/fair-value"
 }
}