Question 1

What is Mercury General's P/FCF ratio?

Accepted Answer

Mercury General (MCY) P/FCF ratio is 4.0× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Mercury General?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Mercury General specifically, the relevant sector benchmark is the current sector median of 12.0×.

Question 5

Is Mercury General's P/FCF ratio high or low?

Accepted Answer

Mercury General's P/FCF ratio of 4.0× is below its own 5-year average of 5.4× and below the sector median of 12.0×. That places the current reading at the 10th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Mercury General's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Mercury General (MCY) P/FCF ratio has ranged from a low of 2.7× in 2025 to a high of 156.6× in 2008. The 5-year average is 5.4× and the 5-year median is 5.0×.

Question 7

What was Mercury General's P/FCF ratio in 2025?

Accepted Answer

Mercury General (MCY) P/FCF ratio at the end of 2025 was 5.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Mercury General's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$5.21B	$1.03B	5.1×	+1.3×	Dec 31, 2025
2024	$3.68B	$991M	3.7×	-1.2×	Dec 31, 2024
2023	$2.07B	$416M	5.0×	-1.0×	Dec 31, 2023
2022	$1.89B	$317M	6.0×	-0.4×	Dec 31, 2022
2021	$2.94B	$460M	6.4×	+1.3×	Dec 31, 2021
2020	$2.89B	$566M	5.1×	-0.5×	Dec 31, 2020
2019	$2.7B	$480M	5.6×	-2.4×	Dec 31, 2019
2018	$2.86B	$355M	8.0×	-1.1×	Dec 31, 2018
2017	$2.96B	$322M	9.2×	-3.1×	Dec 31, 2017
2016	$3.33B	$270M	12.3×	-2.8×	Dec 31, 2016
2015	$2.57B	$170M	15.1×	+0.9×	Dec 31, 2015
2014	$3.12B	$220M	14.2×	-0.1×	Dec 31, 2014
2013	$2.73B	$191M	14.3×	-1.9×	Dec 31, 2013
2012	$2.16B	$133M	16.2×	-1.6×	Dec 31, 2012
2011	$2.5B	$140M	17.8×	-19.7×	Dec 31, 2011
2010	$2.36B	$62.9M	37.5×	+23.4×	Dec 31, 2010
2009	$2.15B	$153M	14.1×	-142.5×	Dec 31, 2009
2008	$2.52B	$16.1M	156.6×	+140.9×	Dec 31, 2008
2007	$2.73B	$174M	15.7×	+6.7×	Dec 31, 2007
2006	$2.87B	$321M	8.9×	+1.8×	Dec 31, 2006
2005	$3.19B	$448M	7.1×	-0.2×	Dec 31, 2005
2004	$3.26B	$442M	7.4×	+1.2×	Dec 31, 2004
2003	$2.52B	$409M	6.1×	-0.4×	Dec 31, 2003
2002	$2.04B	$313M	6.5×	—	Dec 31, 2002


Globe Life (GL-PD)	8.9×
UMB Financial (UMBF)	8.8×
Federal Agricultural Mortgage (AGM)	8.6×
T. Rowe Price (TROW)	8.6×
First Financial (THFF)	8.3×
Old Republic International (ORI)	8.0×
1st Source (SRCE)	8.0×
Auburn National Bancorporation (AUBN)	7.7×
Eagle Financial Services (EFSI)	7.5×
PayPal (PYPL)	7.5×
Assurant (AIZ)	7.5×
Cincinnati Financial (CINF)	7.1×
Alerus Financial (ALRS)	7.0×
American Financial Group (AFG)	6.8×
Hartford Insurance Group (HIG)	6.5×
Travelers Companies (TRV)	6.3×
Invesco (IVZ)	6.1×
Arch Capital Group (ACGL)	5.9×
Principal Financial Group (PFG)	5.5×
Allstate (ALL)	4.7×
Everest Group (EG)	4.6×
Capital One Financial (COF)	3.9×
Prudential Financial (PRU)	3.5×
MetLife (MET)	2.8×
StoneX Group (SNEX)	0.8×

P/FCF Ratio for Mercury General (MCY) 2002-2026

P/FCF Ratio daily chart for Mercury General (MCY)

Historical P/FCF Ratio for Mercury General (MCY) from 2002 to 2025

About P/FCF Ratio at Mercury General (MCY)

Mercury General P/FCF Ratio by Year

Mercury General P/FCF Ratio 2025: 5.1×

Mercury General P/FCF Ratio 2024: 3.7×

Mercury General P/FCF Ratio 2023: 5.0×

Mercury General P/FCF Ratio 2022: 6.0×

Mercury General P/FCF Ratio 2021: 6.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Mercury General (MCY) Key Financials