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Merck KGaA
XETRA:MRK

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Merck KGaA
XETRA:MRK
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Price: 110.05 EUR 1.71% Market Closed
Market Cap: €47.8B

P/E

18.4
Current
17%
Cheaper
vs 3-y average of 22.2

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
18.4
=
Market Cap
€47B
/
Net Income
€2.6B

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
18.4
=
Market Cap
€47B
/
Net Income
€2.6B

Valuation Scenarios

Merck KGaA is trading below its 3-year average

If P/E returns to its 3-Year Average (22.2), the stock would be worth €132.77 (21% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+26%
Average Upside
14%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 18.4 €110.05
0%
3-Year Average 22.2 €132.77
+21%
5-Year Average 23.1 €138.53
+26%
Industry Average 19.1 €114.47
+4%
Country Average 19.3 €115.28
+5%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
€47B
/
Jan 2026
€2.6B
=
18.4
Current
€47B
/
Dec 2026
€3.4B
=
13.7
Forward
€47B
/
Dec 2027
€3.8B
=
12.4
Forward
€47B
/
Dec 2028
€4.2B
=
11.2
Forward
€47B
/
Dec 2029
€4.5B
=
10.4
Forward
€47B
/
Dec 2030
€5B
=
9.4
Forward
€47B
/
Dec 2031
€5.4B
=
8.7
Forward
€47B
/
Dec 2032
€5.7B
=
8.2
Forward
€47B
/
Dec 2033
€5.5B
=
8.6
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Peer Comparison

All Countries
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Market Distribution

In line with most companies in Germany
Percentile
48th
Based on 2 106 companies
48th percentile
18.4
Low
0 — 13.8
Typical Range
13.8 — 29.5
High
29.5 —
Distribution Statistics
Germany
Min 0
30th Percentile 13.8
Median 19.3
70th Percentile 29.5
Max 8 582.9

Merck KGaA
Glance View

In the heart of Darmstadt, Germany, Merck KGaA stands as a testament to innovation and resilience, tracing its roots back to 1668. A bastion of scientific advancement and a pioneer in the world of chemistry and pharmaceuticals, Merck has evolved through centuries of discovery and transformation. Originally a humble pharmacy, Merck has grown into a global powerhouse with a unique structure, being one of the oldest pharmaceutical and chemical companies in the world still owned by the founding family. Though its path has been influenced by numerous historical events, Merck has adeptly navigated the shifting sands of time, transforming itself into a multifaceted conglomerate that thrives on its dual strategy—life sciences and performance materials. In the modern age, Merck KGaA operates through three well-defined sectors: Healthcare, Life Science, and Electronics. Its Healthcare division plays a formidable role, developing innovative drugs, with a focus on oncology, neurology, and immunology, providing cutting-edge treatments that improve patient lives globally. Meanwhile, the Life Science arm caters to researchers and scientists, offering an extensive portfolio of lab materials, high-tech tools, and equipment essential for groundbreaking research across various industries. The Electronics division, dedicated to performance materials, supplies high-quality substances crucial for the electronics and automotive industries, including liquid crystals and highly sophisticated semiconductor solutions. Through these divisions, Merck KGaA not only generates substantial revenue but also drives progress by supplying critical products that are indispensable to the modern technological landscape.

MRK Intrinsic Value
142.64 EUR
Undervaluation 23%
Intrinsic Value
Price €110.05
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