Mercury General (FRA:MCG) Scaled Net Operating Assets: 0.15 (As of Mar. 2026)


FRA:MCG Mercury General Corp FRA:MCG
73 GF Score
Price €93.00
GF Value €82.16
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Mercury General Scaled Net Operating Assets?

Mercury General FRA:MCG -0.05% 73 Scaled Net Operating Assets is 0.15 as of Mar. 2026. GuruFocus rates FRA:MCG with a GF Score™ of 73/100 and a GF Value™ of €82.16 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Mercury General's operating assets for the quarter that ended in Mar. 2026 was €6,989 Mil. Mercury General's operating liabilities for the quarter that ended in Mar. 2026 was €5,792 Mil. Mercury General's Total Assets for the quarter that ended in Dec. 2025 was €8,165 Mil. Therefore, Mercury General's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.15.

FRA:MCG
73GF Score
Mercury General Corp FRA:MCG
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mercury General Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Mercury General's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(7041.311-5599.284)/7936.654
=0.18

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=8164.811 - 1123.5
=7041.311

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6100.458 - 501.174 - 0
=5599.284

Mercury General's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(6989.322-5791.587)/8164.811
=0.15

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=8540.028 - 1550.706
=6989.322

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6299.583 - 507.996 - 0
=5791.587

* 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.

What does a Scaled Net Operating Assets of 0.15 mean?
Mercury General (FRA:MCG) has a Scaled Net Operating Assets of 0.15 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Mercury General and its competitors.
Is Mercury General's Scaled Net Operating Assets too high?
Mercury General's current Scaled Net Operating Assets is 0.15. Overall, Mercury General has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mercury General's Scaled Net Operating Assets compare to SIGI and RLI?
Mercury General's Scaled Net Operating Assets of 0.15 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Insurance company?
A good Scaled Net Operating Assets depends on the Insurance industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Mercury General and its competitors. Mercury General's current Scaled Net Operating Assets is 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercury General stock overvalued right now?
Based on GuruFocus' analysis, Mercury General (FRA:MCG) is currently considered Modestly Overvalued. The stock's GF Value™ is €82.16, compared to a current price of €93.00 — trading 13.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.15. Mercury General's overall GF Score™ is 73/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Mercury General (FRA:MCG), the current Scaled Net Operating Assets is 0.15 as of Mar. 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 General (FRA:MCG) Overvalued in 2026?

Based on GuruFocus' analysis, Mercury General stock appears to be overvalued. The current stock price of €93.00 is trading 13.2% above its estimated GF Value™ of €82.16. GuruFocus considers Mercury General to be Modestly Overvalued.

Key valuation signals for FRA:MCG:

  • Scaled Net Operating Assets: 0.15
  • GF Value™: €82.16 vs. price of €93.00 (13.2% above fair value)
  • GF Score™: 73/100 with 5 warning signs

No single metric tells the full story. See the FRA:MCG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Mercury General Business Description

Other Exchanges MCY:USAMCG:Germany
Address 4484 Wilshire Boulevard, Los Angeles, CA, USA, 90010
Mercury General Corp is an insurance holding company. It is engaged in writing personal automobile insurance and provides related property and casualty insurance products. The company offers the following types of automobile coverage: collision, property damage, bodily injury (BI), comprehensive, personal injury protection (PIP), underinsured and uninsured motorist, and other hazards. Additionally, it offers the following types of homeowners coverage: dwelling, liability, personal property, and other coverages. The company has one reportable business segment, the Property and Casualty business segment.
73GF Score

Get the complete analysis for FRA:MCG

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€93.00
Price
€82.16
GF Value