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ETR/MRK (ETR/MRK)

Deutsche Börse Xetra: ETR/MRK · EUR

€146

+1.55 (+1.1%)· Recorded snapshot

Market cap	63.5B
Revenue (ttm)	21.1B
Net income (ttm)	2.4B
EPS (ttm)	€5.45
Shares out	434.8M
P/E (trailing)	26.8x
P/E (forward)	16.6x
Dividend	€2.20 (1.51%)
Volume	206,624
Beta	0.79

Market data

Price

Recent price action with selectable time range.

Metric	Value
Amount currency	EUR
Country	Germany
Country code	DE
Earnings date	2026-11-12
Employees	62,136
Employees change	-1,024
Employees growth	-1.62%
Enterprise value	EUR 72.8B
Exchange	Deutsche Börse Xetra
Financial currency	EUR
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	1668
Industry	Drug Manufacturers - Specialty & Generic
Is primary listing	Yes
ISIN number	DE0006599905
Last earnings date	2026-08-06
Last refreshed	2026-10-28
Last stock split date	2014-06-30
Last stock split type	Forward
Market cap	EUR 63.5B
Next earnings date	2026-11-12
Price	EUR 146.05
Price currency	EUR
Sector	Healthcare
SIC code	2834
Stock price date	2026-10-28
Symbol	etr/MRK
Website	https://www.merckgroup.com

Metric

Value

Amount currency

EUR

Country

Germany

Country code

Earnings date

2026-11-12

Employees

62,136

Employees change

-1,024

Employees growth

-1.62%

Enterprise value

EUR 72.8B

Exchange

Deutsche Börse Xetra

Financial currency

EUR

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

December

Founded

1668

Industry

Drug Manufacturers - Specialty & Generic

Is primary listing

Yes

ISIN number

DE0006599905

Last earnings date

2026-08-06

Last refreshed

2026-10-28

Last stock split date

2014-06-30

Last stock split type

Forward

Market cap

EUR 63.5B

Next earnings date

2026-11-12

Price

EUR 146.05

Price currency

EUR

Sector

Healthcare

SIC code

2834

Stock price date

2026-10-28

Symbol

etr/MRK

Website

https://www.merckgroup.com

Metric	Value
Adjusted P/E ratio	17.24x
Average P/E ratio (10Y)	22.9x
Average P/E ratio (3Y)	21.94x
Average P/E ratio (5Y)	23.09x
Earnings yield	3.73%
EV/Earnings	30.43x
EV/EBIT	19.38x
EV/EBITDA	12.91x
EV/FCF	26.48x
EV/Sales	3.41x
FCF / EV yield	3.78%
FCF yield	4.34%
Forward P/E	16.62x
Graham number	92.36741
Graham upside	-36.32%
Industry forward P/E	17.38x
Industry P/E	28.22x
Lynch fair value	EUR 27.25
Lynch upside	-81.21%
P/B ratio	2.07x
P/E ratio	26.8x
P/FCF ratio	23.06x
P/OCF ratio	14.85x
P/S ratio	2.97x
Price / tangible book value	15.11x
Price/EBITDA ratio	11.24x
Sector forward P/E	14.8x
Sector P/E	39.91x

Metric

Value

Adjusted P/E ratio

17.24x

Average P/E ratio (10Y)

22.9x

Average P/E ratio (3Y)

21.94x

Average P/E ratio (5Y)

23.09x

Earnings yield

3.73%

EV/Earnings

30.43x

EV/EBIT

19.38x

EV/EBITDA

12.91x

EV/FCF

26.48x

EV/Sales

3.41x

FCF / EV yield

3.78%

FCF yield

4.34%

Forward P/E

16.62x

Graham number

92.36741

Graham upside

-36.32%

Industry forward P/E

17.38x

Industry P/E

28.22x

Lynch fair value

EUR 27.25

Lynch upside

-81.21%

P/B ratio

2.07x

P/E ratio

26.8x

P/FCF ratio

23.06x

P/OCF ratio

14.85x

P/S ratio

2.97x

Price / tangible book value

15.11x

Price/EBITDA ratio

11.24x

Sector forward P/E

14.8x

Sector P/E

39.91x

Metric	Value
EBIT margin	17.61%
EBITDA margin	26.43%
Effective tax rate	21.35%
FCF margin	12.89%
Gross margin	59.09%
Operating margin	17.61%
Pretax margin	14.34%
Profit margin	11.21%
Profit per employee	EUR 38,142
Profitable quarters	56
Profitable years	24
Revenue per employee	EUR 340,141
ROA	4.65%
ROA (5Y)	5.55%
ROCE	8.35%
ROE	8.13%
ROE (5Y)	11.9%
ROIC	7.55%
ROIC (5Y)	10.07%
Tax / revenue	3.06%

Metric

Value

EBIT margin

17.61%

EBITDA margin

26.43%

Effective tax rate

21.35%

FCF margin

12.89%

Gross margin

59.09%

Operating margin

17.61%

Pretax margin

14.34%

Profit margin

11.21%

Profit per employee

EUR 38,142

Profitable quarters

Profitable years

Revenue per employee

EUR 340,141

ROA

4.65%

ROA (5Y)

5.55%

ROCE

8.35%

ROE

8.13%

ROE (5Y)

11.9%

ROIC

7.55%

ROIC (5Y)

10.07%

Tax / revenue

3.06%

Metric	Value
EPS growth	-17.27%
EPS growth (Q)	-24.67%
EPS growth (QoQ)	-25.66%
EPS growth 10Y	5.48%
EPS growth 3Y	-8.35%
EPS growth 5Y	-2.79%
EPS growth years	0
FCF growth	25.94%
FCF growth (Q)	30.34%
FCF growth (QoQ)	-4.58%
FCF growth 3Y	5.5%
FCF growth 5Y	-2.68%
Gross profit growth	0.26%
Gross profit growth (Q)	4.59%
Gross profit growth 3Y	-2.67%
Gross profit growth 5Y	1.67%
Net income growth	-17.22%
Net income growth (Q)	-24.85%
Net income growth (QoQ)	-25.69%
Net income growth 3Y	-8.34%
Net income growth 5Y	-2.81%
Net income growth years	0
OCF growth	10.99%
OCF growth (Q)	6.7%
OCF growth (QoQ)	-26.04%
OCF growth 10Y	6.51%
OCF growth 3Y	1.54%
OCF growth 5Y	-1.49%
Operating income growth	-15.12%
Operating income growth (Q)	-15.49%
Operating income growth 3Y	-7.02%
Operating income growth 5Y	-1.75%
Revenue growth	-0.4%
Revenue growth (Q)	3.41%
Revenue growth (QoQ)	5.85%
Revenue growth 10Y	4.16%
Revenue growth 3Y	-1.42%
Revenue growth 5Y	2.65%
Revenue growth quarters	1
Revenue growth years	0

Metric

Value

EPS growth

-17.27%

EPS growth (Q)

-24.67%

EPS growth (QoQ)

-25.66%

EPS growth 10Y

5.48%

EPS growth 3Y

-8.35%

EPS growth 5Y

-2.79%

EPS growth years

FCF growth

25.94%

FCF growth (Q)

30.34%

FCF growth (QoQ)

-4.58%

FCF growth 3Y

5.5%

FCF growth 5Y

-2.68%

Gross profit growth

0.26%

Gross profit growth (Q)

4.59%

Gross profit growth 3Y

-2.67%

Gross profit growth 5Y

1.67%

Net income growth

-17.22%

Net income growth (Q)

-24.85%

Net income growth (QoQ)

-25.69%

Net income growth 3Y

-8.34%

Net income growth 5Y

-2.81%

Net income growth years

OCF growth

10.99%

OCF growth (Q)

6.7%

OCF growth (QoQ)

-26.04%

OCF growth 10Y

6.51%

OCF growth 3Y

1.54%

OCF growth 5Y

-1.49%

Operating income growth

-15.12%

Operating income growth (Q)

-15.49%

Operating income growth 3Y

-7.02%

Operating income growth 5Y

-1.75%

Revenue growth

-0.4%

Revenue growth (Q)

3.41%

Revenue growth (QoQ)

5.85%

Revenue growth 10Y

4.16%

Revenue growth 3Y

-1.42%

Revenue growth 5Y

2.65%

Revenue growth quarters

Revenue growth years

Metric	Value
Capital expenditures	EUR -1.5B
Depreciation and amortization	EUR 1.9B
EBIT	EUR 3.7B
EBITDA	EUR 5.6B
EPS	EUR 5.45
FCF per share	EUR 6.27
Financing cash flow	EUR 1.6B
Free cash flow	EUR 2.7B
Gross profit	EUR 12.5B
Income taxes	EUR 647M
Investing cash flow	EUR -5.1B
Net borrowing	EUR 2.7B
Net cash flow	EUR 789M
Net income	EUR 2.4B
Operating income	EUR 3.7B
Revenue	EUR 21.1B

Metric

Value

Capital expenditures

EUR -1.5B

Depreciation and amortization

EUR 1.9B

EBIT

EUR 3.7B

EBITDA

EUR 5.6B

EPS

EUR 5.45

FCF per share

EUR 6.27

Financing cash flow

EUR 1.6B

Free cash flow

EUR 2.7B

Gross profit

EUR 12.5B

Income taxes

EUR 647M

Investing cash flow

EUR -5.1B

Net borrowing

EUR 2.7B

Net cash flow

EUR 789M

Net income

EUR 2.4B

Operating income

EUR 3.7B

Revenue

EUR 21.1B

Metric	Value
Altman Z-Score	2.79
Book value per share	EUR 69.58
Debt / EBITDA	2.2
Debt / equity	0.41
Debt / FCF	4.52
Goodwill	EUR 18.5B
Interest coverage	9.08
Long-term assets	EUR 38.9B
Long-term liabilities	EUR 14.3B
Net cash (debt)	EUR -9.2B
Net cash / market cap	-14.61%
Net debt / EBITDA	1.64
Net debt / equity	0.3
Net debt / FCF	3.37
Piotroski F-Score	6
Property, plant and equipment	EUR 10.1B
Shareholders' equity	EUR 30.3B
Tangible book value	EUR 4.2B
Tangible book value per share	EUR 9.59
Total assets	EUR 52.7B
Total cash	EUR 3.1B
Total debt	EUR 12.3B
Total liabilities	EUR 22.4B
WACC	7.6%

Metric

Value

Altman Z-Score

2.79

Book value per share

EUR 69.58

Debt / EBITDA

2.2

Debt / equity

0.41

Debt / FCF

4.52

Goodwill

EUR 18.5B

Interest coverage

9.08

Long-term assets

EUR 38.9B

Long-term liabilities

EUR 14.3B

Net cash (debt)

EUR -9.2B

Net cash / market cap

-14.61%

Net debt / EBITDA

1.64

Net debt / equity

0.3

Net debt / FCF

3.37

Piotroski F-Score

Property, plant and equipment

EUR 10.1B

Shareholders' equity

EUR 30.3B

Tangible book value

EUR 4.2B

Tangible book value per share

EUR 9.59

Total assets

EUR 52.7B

Total cash

EUR 3.1B

Total debt

EUR 12.3B

Total liabilities

EUR 22.4B

WACC

7.6%

Metric	Value
Asset turnover	0.42
Current assets	EUR 13.8B
Current liabilities	EUR 8.1B
Current ratio	1.69
Inventory turnover	1.85
Net working capital	EUR 3.6B
Quick ratio	0.99
Working capital	EUR 5.6B
Working capital turnover	5.3

Metric

Value

Asset turnover

0.42

Current assets

EUR 13.8B

Current liabilities

EUR 8.1B

Current ratio

1.69

Inventory turnover

1.85

Net working capital

EUR 3.6B

Quick ratio

0.99

Working capital

EUR 5.6B

Working capital turnover

5.3

Metric	Value
Buyback yield / dilution	-0%
Dividend growth	0%
Dividend growth (10Y)	7.68%
Dividend growth (3Y)	0%
Dividend growth (5Y)	9.46%
Dividend growth years	0
Dividend payment date	2026-04-29
Dividend payment years	31
Dividend payout frequency	Annual
Dividend per share	EUR 2.20
Dividend yield	1.51%
Ex-dividend date	2026-04-27
FCF payout ratio	35.11%
Last dividend	EUR 2.20
Payout ratio	43.8%
Shareholder yield	1.52%

Metric

Value

Buyback yield / dilution

-0%

Dividend growth

Dividend growth (10Y)

7.68%

Dividend growth (3Y)

Dividend growth (5Y)

9.46%

Dividend growth years

Dividend payment date

2026-04-29

Dividend payment years

Dividend payout frequency

Annual

Dividend per share

EUR 2.20

Dividend yield

1.51%

Ex-dividend date

2026-04-27

FCF payout ratio

35.11%

Last dividend

EUR 2.20

Payout ratio

43.8%

Shareholder yield

1.52%

Metric	Value
10Y price change	51.08%
10Y return CAGR	5.67%
10Y total return	73.56%
150-day SMA	EUR 132.35
15Y price change	331.53%
15Y return CAGR	11.79%
15Y total return	431.84%
1D price change	1.07%
1M price change	8.19%
1M total return	8.19%
1W price change	-0.24%
1W total return	-0.24%
1Y price change	27.67%
1Y return CAGR	30.25%
1Y total return	30.23%
20-day SMA	EUR 141.13
200-day SMA	EUR 129.20
20Y price change	253.93%
20Y return CAGR	8.32%
20Y total return	394.58%
3M price change	3.03%
3M total return	3.03%
3Y price change	2.13%
3Y return CAGR	2.49%
3Y total return	7.67%
50-day SMA	EUR 137.79
50-day SMA vs 200-day SMA	50over200
52-week high	EUR 148.80
52-week high date	2026-08-06
52-week low	EUR 100.70
52-week low date	2026-03-23
5Y price change	-27.88%
5Y return CAGR	-4.87%
5Y total return	-22.11%
6M price change	33.81%
6M total return	33.81%
All-time high	EUR 231.50
All-time high date	2021-12-30
All-time low	EUR 8.90
All-time low date	2002-10-01
Average true range (ATR)	EUR 3.22
Average volume	257.9K
Beta (1Y)	1.28
Beta (2Y)	1.11
Beta (5Y)	0.79
Change from 52-week high	-1.85%
Change from 52-week low	45.04%
Change from all-time high	-36.91%
Change from all-time low	1,541.01%
Change from open	0.38%
Day's gap	0.69%
Dollar volume	EUR 30.2M
High price	EUR 146.85
Low price	EUR 144.15
Monthly RSI	56.22
Open price	EUR 145.50
Position in 52-week range	70.37%
Previous close	EUR 144.50
Price vs 150-day SMA	10.35%
Price vs 20-day SMA	3.49%
Price vs 200-day SMA	13.04%
Price vs 50-day SMA	6%
Relative volume	0.82
RSI	60.98
Sharpe ratio	0.93
Sharpe ratio (3Y)	0.05
Sharpe ratio (5Y)	-0.24
Sortino ratio	1.65
Sortino ratio (3Y)	0.28
Sortino ratio (5Y)	-0.13
Volume	206.6K
Weekly RSI	61.93
YTD price change	19.13%
YTD total return	21.52%

Metric

Value

10Y price change

51.08%

10Y return CAGR

5.67%

10Y total return

73.56%

150-day SMA

EUR 132.35

15Y price change

331.53%

15Y return CAGR

11.79%

15Y total return

431.84%

1D price change

1.07%

1M price change

8.19%

1M total return

8.19%

1W price change

-0.24%

1W total return

-0.24%

1Y price change

27.67%

1Y return CAGR

30.25%

1Y total return

30.23%

20-day SMA

EUR 141.13

200-day SMA

EUR 129.20

20Y price change

253.93%

20Y return CAGR

8.32%

20Y total return

394.58%

3M price change

3.03%

3M total return

3.03%

3Y price change

2.13%

3Y return CAGR

2.49%

3Y total return

7.67%

50-day SMA

EUR 137.79

50-day SMA vs 200-day SMA

50over200

52-week high

EUR 148.80

52-week high date

2026-08-06

52-week low

EUR 100.70

52-week low date

2026-03-23

5Y price change

-27.88%

5Y return CAGR

-4.87%

5Y total return

-22.11%

6M price change

33.81%

6M total return

33.81%

All-time high

EUR 231.50

All-time high date

2021-12-30

All-time low

EUR 8.90

All-time low date

2002-10-01

Average true range (ATR)

EUR 3.22

Average volume

257.9K

Beta (1Y)

1.28

Beta (2Y)

1.11

Beta (5Y)

0.79

Change from 52-week high

-1.85%

Change from 52-week low

45.04%

Change from all-time high

-36.91%

Change from all-time low

1,541.01%

Change from open

0.38%

Day's gap

0.69%

Dollar volume

EUR 30.2M

High price

EUR 146.85

Low price

EUR 144.15

Monthly RSI

56.22

Open price

EUR 145.50

Position in 52-week range

70.37%

Previous close

EUR 144.50

Price vs 150-day SMA

10.35%

Price vs 20-day SMA

3.49%

Price vs 200-day SMA

13.04%

Price vs 50-day SMA

Relative volume

0.82

RSI

60.98

Sharpe ratio

0.93

Sharpe ratio (3Y)

0.05

Sharpe ratio (5Y)

-0.24

Sortino ratio

1.65

Sortino ratio (3Y)

0.28

Sortino ratio (5Y)

-0.13

Volume

206.6K

Weekly RSI

61.93

YTD price change

19.13%

YTD total return

21.52%

Metric	Value
Float	129.2M
Shares change (QoQ)	-0.04%
Shares change (YoY)	0%
Shares held by institutions	14.09%
Shares outstanding	434.8M

Metric

Value

Float

129.2M

Shares change (QoQ)

-0.04%

Shares change (YoY)

Shares held by institutions

14.09%

Shares outstanding

434.8M

ETR/MRK (ETR/MRK)

Price

Financial snapshot

Fair-value bridge

Latest news · ETR/MRK

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All ETR/MRK indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on ETR/MRK

Frequently asked questions