Mercury NZNZSE:MCY +0.15%89 Market Cap is NZ$9,681 Mil as of Jul. 03, 2026. GuruFocus rates NZSE:MCY with a GF Score™ of 89/100 and a GF Value™ of NZ$6.54 (Fairly Valued). The stock has 11 warning signs investors should review. Among 483 Utilities - Independent Power Producers companies, Mercury NZ ranks better than 88.41% on this metric.
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 NZ's share price for the quarter that ended in Dec. 2025 was NZ$6.48. Mercury NZ's Shares Outstanding (EOP) for the quarter that ended in Dec. 2025 was 1,417 Mil. Therefore, Mercury NZ's market cap for the quarter that ended in Dec. 2025 was NZ$9,182 Mil.
Mercury NZ's quarterly market cap
increased
from Dec. 2024 (NZ$8,190 Mil) to Jun. 2025 (NZ$8,456 Mil) and
increased
from Jun. 2025 (NZ$8,456 Mil) to Dec. 2025 (NZ$9,182 Mil).
Mercury NZ's annual market cap
increased
from Jun. 2023 (NZ$9,100 Mil) to Jun. 2024 (NZ$9,191 Mil) but then
declined
from Jun. 2024 (NZ$9,191 Mil) to Jun. 2025 (NZ$8,456 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 NZ's Enterprise Value for Today is NZ$11,953 Mil.
Mercury NZ (NZSE: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 NZ Market Cap Related Terms
Mercury NZ Market Cap Historical Data
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The historical data trend for Mercury NZ'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.
For the Utilities - Renewable subindustry, Mercury NZ'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 NZ Market Cap vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Mercury NZ's Market Cap distribution charts can be found below:
* The bar in red indicates where Mercury NZ's Market Cap falls into.
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 NZ's Market Cap for the fiscal year that ended in Jun. 2025 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 NZ (NZSE:MCY) has a Market Cap of NZ$9,681 Mil as of Jul. 03, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Mercury NZ and its competitors. According to the industry distribution chart, Mercury NZ ranks #56 out of 483 companies in the Utilities - Independent Power Producers industry, placing it in the top 11.6%.
Is Mercury NZ's Market Cap too high?
Mercury NZ's current Market Cap is NZ$9,681 Mil. Based on the distribution chart, Mercury NZ ranks #56 out of 483 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Mercury NZ has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mercury NZ's Market Cap compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Mercury NZ ranks #56 out of 483 companies for Market Cap. This places Mercury NZ in the top 12% of its industry — outperforming the majority of peers. The industry median Market Cap is 203.08. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Utilities - Independent Power Producers company?
The median Market Cap among Utilities - Independent Power Producers companies is 203.08, based on 483 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Mercury NZ and its competitors. For the Utilities - Independent Power Producers industry, the median Market Cap is 203.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercury NZ's current Market Cap is NZ$9,681 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercury NZ stock overvalued right now?
Based on GuruFocus' analysis, Mercury NZ (NZSE:MCY) is currently considered Fairly Valued. The stock's GF Value™ is NZ$6.54, compared to a current price of NZ$6.84 — trading 4.6% above its estimated fair value. The current Market Cap is NZ$9,681 Mil. Mercury NZ's overall GF Score™ is 89/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Mercury NZ (NZSE:MCY), the current Market Cap is NZ$9,681 Mil as of Jul. 03, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Mercury NZ (NZSE:MCY) Overvalued in 2026?
Based on GuruFocus' analysis, Mercury NZ stock appears to be overvalued.
The current stock price of NZ$6.84 is trading 4.6% above its estimated GF Value™ of NZ$6.54.
GuruFocus considers Mercury NZ to be Fairly Valued.
Key valuation signals for NZSE:MCY:
Market Cap: NZ$9,681 Mil
GF Value™: NZ$6.54 vs. price of NZ$6.84 (4.6% above fair value)
No single metric tells the full story. See the NZSE:MCY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercury NZ (formerly Mighty River Power) generates more than 15% of New Zealand's electricity and is one of the four major electricity generators and suppliers in the country. All electricity is generated from renewable sources, which makes it one of the lowest-cost providers of electricity. The company operates nine hydro stations and five geothermal power plants in the North Island and some wind farms. Mercury sells electricity to residential and commercial customers and has the largest share of the key Auckland market.
89GF Score
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