Mercury General Corporation (MCY) Fair Value 2026

MCY · Insurance - Property & Casualty ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

8.7 /10

32 fundamental signals · 6 models active

Value Trap Risk

SAFE (12/100)

Quick Summary — As of 2026-10-07, Mercury General Corporation (MCY) trades at $103.00, versus a $92.19 median fair value across its 6 active models — 10.5% below the current price. QOC: 8.7/10. Value Trap Risk: 12/100 (SAFE). 6/13 models active.

Key Facts

Ticker
MCY
Price
$103.00
Quality Score
8.7/10
Value Trap Risk
12/100
Models Active
6/13
Last Updated
Strength: Quality Score of 8.7/10 indicates strong fundamentals
Risk: Majority of models suggest overvaluation

Is Mercury General Corporation (MCY) Undervalued or Overvalued in 2026?

According to CirclFi’s 6-model valuation engine, Mercury General Corporation (MCY) appears overvalued as of : the median of 6 independent fair value estimates is $92.19, 10.5% below the current price of $103.00. Estimates range from $10.56 to $210.18. MCY scores 8.7/10 on fundamental quality and 12/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -20.1% versus its own 13-model consensus, across 3,777 rated companies as of 2026-10-07. MCY’s -10.5% gap is narrower than that market norm, and the Insurance - Property & Casualty sector median is -10.0%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Mercury General Corporation Stock in 2026? →

What Fair Value Does Each Model Give MCY?

6 Intrinsic Value Models vs. Current Price ($103.00)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $33.33 -67.6%
Ensemble · Low Conviction
 $82.29 -20.1%
Intrinsic · High Conviction
 $10.56 -89.7%
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What Is MCY's Fair Value Range?

Spread across 6 independent models · $10.56 to $210.18

CirclFi's 6 active models place Mercury General Corporation (MCY) between $10.56 and $210.18 per share, a spread of 217% of the median. The median of that range — $92.19 — is the fair value CirclFi publishes for MCY, against a current price of $103.00.

Low · Markov DDMHigh · ML-RIV
$10.56median $92.19$210.18
Where the range comes from
Most bearish modelMarkov DDM$10.56
Most bullish modelML Residual Income$210.18
Model agreement2 bullish · 3 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for MCY. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on MCY, not a CirclFi price target. How each model works →

What Is Mercury General Corporation (MCY) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Mercury General Corporation presents a highly debated valuation profile at its current price of $103.00. The median intrinsic value is estimated at $92.19 (-10.5% median upside), masking a wide model spread between the 2 bullish models and 3 bearish models. Model dispersion is worth noting: ML-RIV targets $210.18 (+104.1%), versus Markov DDM at $10.56 (-89.7%). This +193.8% range highlights the importance of multi-model analysis rather than relying on any single methodology.

What Do the Models Say About MCY?

6 of 13 models are currently active for MCY. Of these, 2 models suggest upside while 4 models suggest overvaluation. Taken together, their median fair value for MCY is $92.19 — the figure CirclFi publishes as this stock's fair value. See which stocks rank higher →

How Does MCY Rank in Insurance - Property & Casualty?

Among 42 Insurance - Property & Casualty stocks, MCY ranks #17 by Quality of Company score. CirclFi's QOC score of 8.7/10 evaluates 32 fundamental signals. A score of 8.7 places MCY in the top tier.

Within the Insurance - Property & Casualty space, Mercury General Corporation competes in an environment where combined ratio often separates market leaders from laggards. Understanding these industry-specific dynamics is essential context for interpreting our model outputs.

Is MCY a Value Trap?

CirclFi's Value Trap algorithm assigns MCY a score of 12/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

6 of 13 models are active for Mercury General Corporation. Moderate coverage provides meaningful perspective. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi 32-factor quality framework, Mercury General Corporation's fundamental quality profile registers 8.7/10. This robust score captures the company's profitability depth, growth consistency, balance sheet resilience, and shareholder return track record.

The gap between the most bullish and bearish model spans +193.8% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every MCY valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across MCY's 6 active models, average confidence is 42%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Mercury General Corporation Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Insurance - Property & Casualty Stocks Should You Also Analyze?

11 related Insurance - Property & Casualty stocks with 13-model coverage

ACICAmerican Coastal Insurance CorporationQOC 8.7CBChubb LimitedQOC 8.7THGThe Hanover Insurance Group, Inc.QOC 8.8AIIAmerican Integrity Insurance Group, Inc.QOC 8.7PGRThe Progressive CorporationQOC 8.8ORIOld Republic International CorporationQOC 8.6CNACNA Financial CorporationQOC 8.2PRCHPorch Group, Inc.QOC 6.9UVEUniversal Insurance Holdings, Inc.QOC 9.5HCIHCI Group, Inc.QOC 9.9HRTGHeritage Insurance Holdings, Inc.QOC 9.7

Read investment analysis: ACIC · CB · THG · AII · PGR · ORI · CNA · PRCH · UVE · HCI · HRTG

Which Other Stocks Have a Similar Quality Score to MCY?

7 companies across all industries closest to MCY’s Quality of Company score of 8.7/10.

MMSIMerit Medical Systems, Inc.QOC 8.7WSOWatsco, Inc.QOC 8.7FCAPFirst Capital, Inc.QOC 8.7WSTWest Pharmaceutical Services, Inc.QOC 8.7ESEESCO Technologies Inc.QOC 8.7WCNWaste Connections, Inc.QOC 8.7NVDANVIDIA CorporationQOC 10.0

Read investment analysis: MMSI · WSO · FCAP · WST · ESE · WCN · NVDA

What Else Do Investors Ask About Mercury General Corporation’s Valuation?

What is Mercury General Corporation's intrinsic value in 2026?

CirclFi puts Mercury General Corporation (MCY)'s intrinsic value at $92.19 — the median of 6 independent model estimates as of 2026-10-07, ranging from $10.56 to $210.18. The Quality of Company score is 8.7/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is MCY overvalued or undervalued right now?

At $103.00, 2 of 6 active models suggest MCY may be undervalued, while 4 indicate potential overvaluation. The median of all 6 fair value estimates is $92.19, 10.5% below the current price of $103.00 — a consensus view that MCY is overvalued. The assessment depends on which methodology best fits Mercury General Corporation's business model in Insurance - Property & Casualty.

What does a Quality of Company score of 8.7 mean for MCY?

Mercury General Corporation's QOC of 8.7/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on MCY?

CirclFi analyzes MCY with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 6 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on MCY?

Of the 6 models currently active on MCY, ML Residual Income is the most bullish at $210.18 per share, and Markov DDM is the most bearish at $10.56. CirclFi's published fair value for MCY is the median of that range, $92.19, not either extreme. The gap between the two ends equals 217% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is MCY a value trap in 2026?

Mercury General Corporation's Value Trap score is 12/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 6-model valuation engine, Mercury General Corporation (MCY) has a median fair value of $92.19 — 10.5% below the current price of $103.00 — as of 2026-10-07.” Source: circlfi.com/stock/MCY/ · Methodology
Primary sources for this MCY valuation
  • Financial statements: Mercury General Corporation 10-K and 10-Q filings on SEC EDGAR (CIK 0000064996) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for MCY as of ; valuations recomputed .

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