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    Macquarie Group (ASX:MQG) Could Be 16% Above Fair Value After CEO Succession News

    Simply Wall St·07/26/2026 17:17:12
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    Macquarie Group (ASX:MQG) has moved into focus after announcing that long-serving Chief Executive Officer Shemara Wikramanayake will retire in November. Greg Ward, currently Head of Banking and Financial Services, has been named as her successor.

    See our latest analysis for Macquarie Group.

    Macquarie Group’s leadership news lands after a period of solid momentum, with the latest share price at A$255.04, a 90 day share price return of 9.8% and a 5 year total shareholder return of 93.35%. This suggests investors have been rewarded over time even as sentiment adjusts around succession and recent corporate decisions.

    If this leadership transition has you thinking about where else capital could work hard, it may be a good moment to broaden your search with the 4 top founder-led companies

    So is Macquarie Group’s latest share move mainly a reaction to leadership headlines, or does it line up with what the current revenue, profit and valuation metrics are already telling you about the business?

    Most Popular Narrative: 16.2% Overvalued

    According to the most followed narrative on Macquarie Group, the shares trade above an assessed fair value of A$219.39 compared with the latest close at A$255.04. This sets up a clear valuation gap for investors to interpret.

    At A$219.394 per share, Macquarie Group (ASX: MQG) appears reasonably valued based on its current operating performance. Macquarie reported FY26 net profit of A$4.85 billion, an increase of 30% from FY25, while net operating income increased by 13% to A$19.48 billion. Earnings were A$12.77 per share, giving a P/E ratio of approximately 17.2 times at the assessed price.

    Read the complete narrative.

    Want to understand why this narrative still sees the current price as rich? The story focuses on how earnings quality, profit margins and global diversification feed into that fair value. The key inputs are all on the table, but how they are weighted might surprise you.

    Result: Fair Value of A$219.39 (OVERVALUED)

    Have a read of the narrative in full and understand what's behind the forecasts.

    However, Macquarie Group’s overvaluation call could be challenged if offshore earnings stay resilient, while asset management fees and commodities income surprise on the upside.

    Find out about the key risks to this Macquarie Group narrative.

    Next Steps

    With Macquarie Group, does this mix of overvaluation concerns and potential upside in earnings leave you curious or cautious? Act while the details are fresh and review both the upside drivers and the downside flags, then weigh them against the 3 key rewards and 3 important warning signs

    Looking for more investment ideas beyond Macquarie Group?

    If Macquarie Group has sharpened your thinking, do not stop here. Widening your watchlist now can help you stay prepared for future opportunities.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.