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Intrinsic Value

Is MRK undervalued or overvalued?

See the intrinsic value estimate for Merck & Co Inc and find out whether today’s valuation is cheap or expensive by its own historical standards.

Do our valuations actually work? See backtest results .

MRK Intrinsic Value
LOCKED
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Today vs. history

MRK looks overvalued.
But is it expensive by its own standards?

See how today’s valuation compares with MRK’s past valuations and how the stock performed after similar periods.

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20% below Intrinsic Value
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Current Price $148.8
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Margin of Safety 20% Locked
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Fundamental Analysis

What Merck Does

Pharmaceuticals Health Care

Merck & Co. is a global drug company that makes prescription medicines, vaccines, and animal health products. Its best-known business is developing and selling branded drugs for cancer, infectious disease, diabetes, and other serious conditions. It also sells vaccines and medicines used by veterinarians and livestock producers.

Headquarters
United States of America US
Employees
75 000
IPO date
Jan 1, 1941
Read the full company overview
View Company Overview

Merck & has a wide economic moat

No Moat Narrow Wide

Legal protection for Merck’s medicines prevents rivals from freely selling copies, allowing it to earn more than it could in a market filled with cheaper alternatives. Its protected treatments span cancer, vaccines and other diseases, so this protection extends beyond a single medicine.

Read the full moat analysis

Latest Earnings Call

Q2 2026 · August 4, 2026

Open the earnings call

Merck raised its revenue outlook as LIPFENDRA approval and earlier-than-expected pipeline readouts strengthened management’s confidence in diversifying beyond KEYTRUDA.

EPS
−$0.13
Expected
−$0.26
Surprise
+50.0%
Stock, day of the call
+0.2%
View Earnings Call
Financials
Efficiency

Earnings Waterfall
Merck & Co Inc

Wall St Price Targets

Capital Returns

Buyback Yield
LOCKED
Debt Paydown Yield
LOCKED

Competitive Landscape

Ownership

MRK Insider Trading
Buy and sell transactions by insiders

What is the Intrinsic Value of one MRK stock?

The intrinsic value for Merck & Co Inc (MRK) under the Base Case is hidden USD.

Is MRK stock undervalued or overvalued?

Compared with the current market price of 148.8 USD, the stock appears hidden.

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