Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Mercury General's share price for the quarter that ended in Dec. 2023 was $37.31. Mercury General's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 55 Mil. Therefore, Mercury General's market cap for the quarter that ended in Dec. 2023 was $2,066 Mil.
Mercury General's quarterly market cap
declined
from Jun. 2023 ($1,676 Mil) to Sep. 2023 ($1,552 Mil) but then
increased
from Sep. 2023 ($1,552 Mil) to Dec. 2023 ($2,066 Mil).
Mercury General's annual market cap
declined
from Dec. 2021 ($2,938 Mil) to Dec. 2022 ($1,894 Mil) but then
increased
from Dec. 2022 ($1,894 Mil) to Dec. 2023 ($2,066 Mil).
Enterprise Value is 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 and cash equivalents. Mercury General's Enterprise Value for Today is $2,898 Mil.
Mercury General Market Cap Historical Data
The historical data trend for Mercury General's Market Cap 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 Market Cap
For the Insurance - Property & Casualty subindustry, Mercury General's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Mercury General's Market Cap distribution charts can be found below:
* The bar in red indicates where Mercury General's Market Cap falls into.
Mercury General Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Mercury General's Market Cap 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) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Mercury General Market Cap Related Terms
Thank you for viewing the detailed overview of Mercury General's Market Cap 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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