P/E ratio for Mercury General (MCY)
P/E ratio as of April 2024 (TTM): -29.5
According to Mercury General 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -29.5109. At the end of 2022 the company had a P/E ratio of -3.69.
P/E ratio history for Mercury General from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -3.69 | -131.11% |
| 2021 | 11.9 | 53.92% |
| 2020 | 7.71 | -8.53% |
| 2019 | 8.43 | -101.63% |
| 2018 | -517 | -2635.18% |
| 2017 | 20.4 | -55.28% |
| 2016 | 45.6 | 31.25% |
| 2015 | 34.8 | 98.08% |
| 2014 | 17.5 | -28% |
| 2013 | 24.4 | 30.77% |
| 2012 | 18.6 | 42.14% |
| 2011 | 13.1 | -14.96% |
| 2010 | 15.4 | 189% |
| 2009 | 5.33 | -151.27% |
| 2008 | -10.4 | -191.08% |
| 2007 | 11.4 | -14.85% |
| 2006 | 13.4 | 6.93% |
| 2005 | 12.5 | 9.94% |
| 2004 | 11.4 | -16.88% |
| 2003 | 13.7 | -55.79% |
| 2002 | 31.1 | 38% |
| 2001 | 22.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Allstate ALL | -21.7 | -26.36% | 🇺🇸 USA |
 Progressive PGR | 45.5 | -254.08% | 🇺🇸 USA |
 Safety Insurance
SAFT | 37.3 | -226.35% | 🇺🇸 USA |
 FedNat Holding Company
FNHC | 0.0000 | -100.00% | 🇺🇸 USA |
 Erie Indemnity ERIE | 44.2 | -249.83% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.