Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Mercury General's Enterprise Value is $2,898 Mil.
Mercury General's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $124 Mil. Therefore, Mercury General's EV-to-EBIT ratio for today is 23.44.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Mercury General's Enterprise Value is $2,898 Mil.
Mercury General's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $196 Mil. Therefore, Mercury General's EV-to-EBITDA ratio for today is 14.80.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Mercury General's Enterprise Value is $2,898 Mil.
Mercury General's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $4,630 Mil. Therefore, Mercury General's EV-to-Revenue ratio for today is 0.63.
Mercury General Enterprise Value Historical Data
The historical data trend for Mercury General's Enterprise Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Mercury General's Enterprise Value
For the Insurance - Property & Casualty subindustry, Mercury General's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mercury General's Enterprise Value Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Mercury General's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Mercury General's Enterprise Value falls into.
Mercury General Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Mercury General's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mercury General (NYSE:MCY) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Mercury General's current Enterprise Value is $2,898 Mil.
Mercury General's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $124 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Mercury General's current Enterprise Value is $2,898 Mil.
Mercury General's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $196 Mil.
Mercury General's current Enterprise Value is $2,898 Mil.
Mercury General's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $4,630 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mercury General Enterprise Value Related Terms
Thank you for viewing the detailed overview of Mercury General's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Mercury General (Mercury General) Business Description
Mercury General Corp is an insurance holding company operating in the property-casualty market, where it focuses on low-cost auto insurance for individuals, with operations in nearly 13 United States of America states. However, its business--about 75% of premiums--comes from California, where it was established by George Joseph, the current company chairman, and majority owner. Its insurance is distributed exclusively through independent agents.
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