Stocktoria

MERCURY GENERAL CORP MCY

NYSE · stock · Fire, Marine & Casualty Insurance · website · IPO 1985-11-21 · LEI

MERCURY GENERAL CORP statistics & valuation

Market cap$6.0B
P / E11.0×
P / S1.0×
P / B2.5×
Dividend yield1.18%
Net margin9.0%
Return on equity22.4%
Net debt$574.5M
Enterprise value USD$6.5B
Graham number -7.2%$97.95

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($97.95); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.30% 4.20% -0.20% 8.10% 9.90% 6.20% -14.10% 2.10% 8.50% 9.00% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
4.20% 8.20% -0.40% 17.80% 18.40% 11.60% -33.70% 6.20% 24.00% 22.40% 2016201720182019202020212022202320242025
Shares outstanding
55.3M 55.3M 55.3M 55.4M 55.4M 55.4M 55.4M 55.4M 55.4M 55.4M 2016201720182019202020212022202320242025
Net debt ($)
$375.0M $375.0M $375.0M $375.0M $375.0M $400.0M $575.0M $575.0M $574.5M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.50% 2.80% -0.10% 5.40% 5.90% 3.70% -7.90% 1.40% 5.60% 5.70% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.21× 0.23× 0.21× 0.18× 0.18× 0.26× 0.37× 0.30× 0.24× 2016201720182019202020212022202320242025
EPS ($)
$1.32 $2.62 -$0.10 $5.78 $6.77 $4.48 -$9.26 $1.74 $8.45 $9.77 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

MERCURY GENERAL CORP trades at about 10.8× earnings — below its 10-year norm (10-year range 5.9×–47.9×, median 17.7×).

5.9× 47.9×

Shaded band = 10-year range (5.9×–47.9×); dot = today's 10.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin9.0%8.5%2.1%-14.1%6.2%9.9%8.1%-0.2%4.2%2.3%
Return on assets5.7%5.6%1.4%-7.9%3.7%5.9%5.4%-0.1%2.8%1.5%
Return on equity22.4%24.0%6.2%-33.7%11.6%18.4%17.8%-0.4%8.2%4.2%
Debt / equity0.24×0.30×0.37×0.26×0.18×0.18×0.21×0.23×0.21×—

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.