AJG vs MAAS vs RYAN Stock Comparison

Arthur J. Gallagher, Maase and Ryan Specialty Holdings Prices as of Oct 29, 2026 Peers: Industry group
1 more company in this comparison (AON) Create a free account to keep reading and compare up to 10 companies.
AJG Arthur J. Gallagher & Co.
$267.78 +17.6% 1M +2.2% 1Y
Market cap
$70.68B
P/E
37.2x
Revenue (TTM)
—
Div. yield
–
Insurance Brokers Financial Services
4 wins
MAAS Maase Inc.
$12.23 -24.1% 1M +227.9% 1Y
Market cap
$3.60B
P/E
–
Revenue (TTM)
—
Div. yield
–
Insurance Brokers Financial Services
1 win

Head to Head

7 decided of 12

Arthur J. Gallagher leads on 4 of the 12 questions below (Arthur J. Gallagher 4, Ryan Specialty Holdings 2, Maase 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAJGMAASRYANLeader
Larger companyMarket capitalisation $70.68B $3.60B $5.47B AJG
Cheaper on earningsLower P/E, profitable companies only 37.2x -129.3x 47.9x AJG
Cheaper on forward earningsLower price / next fiscal year consensus EPS 19.5x — 18.7x RYAN
Faster revenue growthRevenue growth, trailing twelve months — — +9.8% –
More profitableNet margin, trailing twelve months — — — –
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +2.2% +227.9% -15.0% MAAS
Better 5-year returnAnnualised price return, 5 years +9.8%/yr -49.2%/yr +2.7%/yr AJG
Less volatileAnnualised volatility, 1 year 32.6% 106.7% 45.0% AJG
Higher overall scoreMean of the five percentile scores vs peers 26/100 — 30/100 RYAN

Percentile Scorecard

AJGMAASRYAN

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAJGMAASRYAN
Valuation 6 #112 of 119 0 #119 of 119 11 #106 of 119
Growth – – 43 #66 of 114
Profitability – – 51 #52 of 106
Financial Health 60 #42 of 104 85 #16 of 104 –
Shareholder Returns 11 #94 of 105 – 14 #91 of 105
Overall 26 – 30
  • AJG ranked among 126 companies in Insurance
  • MAAS ranked among 126 companies in Insurance
  • RYAN ranked among 126 companies in Insurance

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAJGMAASRYANSPY
1 month +17.6%-24.1%+14.2% +0.7%
3 months +4.4%-32.7%-2.0% +3.7%
6 months +29.7%+26.1%+24.4% +7.1%
Year to date +3.5%+126.5%-16.3% +12.8%
1 year +2.2%+227.9%-15.0% +11.9%
3 years +14.6%-97.0%-2.6% +85.2%
3 years, per year +4.6%-68.9%-0.9% +22.8%
5 years +59.7%-96.6%+14.4% +67.6%
5 years, per year +9.8%-49.2%+2.7% +10.9%
10 years +454.1%—— +262.0%
10 years, per year +18.7%—— +13.7%

Risk

MeasureAJGMAASRYANSPY
Volatility, 1Y 32.6%106.7%45.0% 12.7%
Downside volatility, 1Y 32.8%104.2%47.3% 12.6%
Beta vs S&P 500, 1Y -0.390.78-0.33 1.00
Return / volatility, 1Y 0.072.14-0.33 0.94
Max drawdown, 5Y -44.9%-99.6%-61.3% -25.4%
From 52-week high -1.6%-42.4%-25.9% -1.2%
52-week high $272.04$21.24$58.38 $779.14
52-week low $192.00$3.51$29.39 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAJGMAASRYAN
P/E now vs peer median 37.2xmedian 10.7x -129.3xmedian 10.7x 47.9xmedian 10.7x
P/S now vs peer median 3.7xmedian 1.4x 200.1xmedian 1.4x 3.4xmedian 1.4x
EV/EBITDA now vs peer median —median 7.5x —median 7.5x —median 7.5x
P/FCF now vs peer median 25.6xmedian 8.5x -209.8xmedian 8.5x 19.6xmedian 8.5x
P/B now vs peer median 2.9xmedian 1.5x 8.0xmedian 1.5x —median 1.5x
PEG now vs peer median —median 0.60 —median 0.60 —median 0.60

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAJGMAASRYAN
Revenue – – $3.25B
Operating income – – $507.30M
Net income – – $268.26M
Cash & equivalents $1.21B $5.46M $168.81M
Total debt – $11.11M –
Shares (diluted) 258.70M 295.15M 131.33M
Enterprise value $70.68B $3.59B $5.47B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAJGMAASRYAN
P/E 37.2x -129.3x 47.9x
P/FCF 25.6x -209.8x 19.6x
P/Operating cash flow – – 19.4x
P/S 3.7x 200.1x 3.4x
P/B 2.9x 8.0x –
P/Tangible book 4.9x 8.2x –
EV/EBITDA – – –
EV/EBIT – – –
EV/Revenue – – 3.4x
EV/FCF – – –
EV/Operating cash flow – – 19.4x
PEG (3Y EPS CAGR) – – –

Growth

14 metrics
MetricAJGMAASRYAN
Revenue growth (1Y) – – 9.8%
Revenue CAGR (3Y) – – 18.0%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – – -0.8%
Operating income CAGR (3Y) – – 14.0%
Net income growth (1Y) – – 19.0%
Net income CAGR (3Y) – – 13.9%
EPS growth (1Y) – – –
EPS CAGR (3Y) – – –
Operating cash flow growth (1Y) – – -10.9%
Operating cash flow CAGR (3Y) – – 9.5%
Free cash flow growth (1Y) – – –
Free cash flow CAGR (3Y) – – –

Profitability

14 metrics
MetricAJGMAASRYAN
Gross margin – – –
EBITDA margin – – –
Operating margin – – –
Pretax margin – – –
Net margin – – –
FCF margin – – –
Operating cash flow margin – – 17.5%
Return on equity – – –
Return on assets – – 2.3%
Return on invested capital – – –
Return on capital employed – – –
Asset turnover – – 0.3x
Cash conversion (OCF / net income) – – 2.1x
Stock comp / revenue – – –

Financial Health

11 metrics
MetricAJGMAASRYAN
Debt / assets – 1.5% –
Debt / equity – 0.0x –
Net debt / EBITDA – – –
Debt / FCF – – –
Liabilities / assets 69.6% 6.3% 91.8%
Equity / assets 30.4% 93.7% –
Interest coverage – – –
Current ratio 1.1x 10.7x 1.0x
Quick ratio – 0.4x –
Cash ratio – 0.0x –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricAJGMAASRYAN
Dividend yield 1.0% – 1.2%
Net buyback yield – – –
Shareholder yield 1.0% – 1.2%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAJGMAASRYAN
Forward P/E 19.5xFY2026 – 18.7xFY2026
EPS, next fiscal year $13.76FY2026 – $2.31FY2026
EPS growth, next FY +28.7%FY2026 – +17.9%FY2026
EPS growth, the year after +13.3% – +10.8%
Revenue, next fiscal year $17.07BFY2026 – $3.10BFY2026
Revenue growth, next FY +23.9%FY2026 – +1.6%FY2026
Revenue growth, the year after +0.7% – +10.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAJGMAASRYAN
Held by institutions 93.0% – 45.6%
Institutions holding 1,291 – 369
Change in shares held, QoQ +4.0% – +5.0%
Institutions buying 621 – 198
Institutions selling 484 – 134
Buyers to sellers 1.28 – 1.48

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AJGMAASRYAN
AJG 1.00 -0.01 0.63
MAAS -0.01 1.00 0.00
RYAN 0.63 0.00 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AJG, MAAS and RYAN?

Arthur J. Gallagher (AJG) is the largest by market capitalisation: Arthur J. Gallagher (AJG) $70.68B, Maase (MAAS) $3.60B, Ryan Specialty Holdings (RYAN) $5.47B.

Which stock is cheaper, AJG, MAAS and RYAN?

Arthur J. Gallagher (AJG) trades on the lowest price-to-earnings ratio (Arthur J. Gallagher (AJG) 37.2x, Maase (MAAS) -129.3x, Ryan Specialty Holdings (RYAN) 47.9x). On next year's consensus earnings, Ryan Specialty Holdings (RYAN) is cheapest (Arthur J. Gallagher (AJG) 19.5x, Ryan Specialty Holdings (RYAN) 18.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which stock has performed better?

Over the past year Maase (MAAS) returned the most: Arthur J. Gallagher (AJG) +2.2%, Maase (MAAS) +227.9%, Ryan Specialty Holdings (RYAN) -15.0%. Over five years, Arthur J. Gallagher (AJG) compounded fastest (Arthur J. Gallagher (AJG) +9.8%/yr, Maase (MAAS) -49.2%/yr, Ryan Specialty Holdings (RYAN) +2.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Arthur J. Gallagher (AJG) has been the steadiest (Arthur J. Gallagher (AJG) 32.6%, Maase (MAAS) 106.7%, Ryan Specialty Holdings (RYAN) 45.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AJG, MAAS and RYAN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Arthur J. Gallagher (AJG) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.