The current P/E ratio for Mercury General stock as of May 3, 2024 is 14.06. This is calculated based on the TTM EPS of $3.89 and the stock price of $54.7 per share.
The average historical PE ratio of Mercury General for the last ten years is 26.04. The current price-to-earnings ratio of 14.06 is 46% less than the historical average. Analyzing the last ten years, MCY's PE ratio reached its highest point in the Sep 2015 quarter at 95.3, when the price was $50.51 and the EPS was $0.53. The lowest point was recorded in the Mar 2021 quarter, when it reached 5.42 with a price of $60.81 and an EPS of $11.22.
Maximum annual increase: 96.69% in 2015
Maximum annual decrease: -55.27% in 2017
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 21.44 | N/A |
| 2022 | N/A | N/A |
| 2021 | 11.84 | 53.57% |
| 2020 | 7.71 | -8.54% |
| 2019 | 8.43 | N/A |
| 2018 | N/A | N/A |
| 2017 | 20.4 | -55.27% |
| 2016 | 45.61 | 32.2% |
| 2015 | 34.5 | 96.69% |
| 2014 | 17.54 | -28.03% |
MCY's current PE ratio is higher than the 3-year average, but it is under its 5 and 10-year averages.
When compared to its peer stocks PGR and ALL, MCY's PE ratio is lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| MCY Mercury General Corp | 14.06 | $3.03B |
| PGR Progressive Corp | 31.58 | $122.24B |
| ALL Allstate Corp | 36.4 | $44.39B |
| ERIE Erie Indemnity Co | 37.54 | $18.02B |
| SAFT Safety Insurance Group Inc | 62.03 | $1.17B |
MCY's price to earnings ratio is 14.06 as of May 3, 2024.
Over the last 3 years, the average PE ratio for MCY stock is 12.34.
Over the last 5 years, the average PE ratio for MCY stock is 14.43.
Over the last ten years, the Sep 2015 quarter recorded the highest quarterly PE ratio at 95.3.
The current PE ratio of MCY is 46% lower than the 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (May 3, 2024), Mercury General's share price is $54.7. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $3.89. Therefore, Mercury General's price to earnings ratio for today is 14.06. PE RATIO(14.06) = STOCK PRICE($54.7) / TTM EPS($3.89)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.