Merck & Co., Inc. MRK

148.78 0.80 0.54% as of 25 Sep
Market cap
$365.4B
P/E
119×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Merck & Co., Inc. (MRK) EV/EBITDA

As of 25 September 2026, Merck & Co., Inc. (MRK) trades at a EV/EBITDA of 30.0×. Over the past ten years it has ranged from 8.4× (May 2025) to 52.9× (March 2024); the current reading is higher than 94% of that period. That is above the Drug Manufacturers General industry median of 13.9× and above the Healthcare sector median of 10.4×.

EV/EBITDA, daily

Annual

Period EV/EBITDA Change
FY2025 10.6× (4.11%)
FY2024 11.0× (76.01%)
FY2023 46.0× 243.62%
FY2022 13.4× 1.45%
FY2021 13.2× (44.52%)
FY2020 23.8× 13.73%
FY2019 20.9× 37.03%
FY2018 15.3× 9.85%
FY2017 13.9× (9.70%)
FY2016 15.4× 40.55%

Quarterly

Period EV/EBITDA Change
Jun 2026 26.4× 49.84%
Mar 2026 17.6× 66.44%
Dec 2025 10.6× 23.35%
Sep 2025 8.6× (6.53%)
42 more quarters

Against its own ten years

Low 8.4× High 52.9×
Ten-year median 15.1×
Current reading's percentile 94

EV/EBITDA against peers

Company EV/EBITDA
NVO Novo Nordisk A/S compare 7.0×
PFE Pfizer Inc. compare 10.5×
AZN AstraZeneca PLC compare 13.9×
NVS Novartis AG compare 14.0×
AMGN Amgen Inc. compare 16.2×
JNJ Johnson & Johnson compare 19.2×
ABBV AbbVie Inc. compare 20.8×
MRK Merck & Co., Inc. 30.0×
GILD Gilead Sciences, Inc. compare 804×
Drug Manufacturers General industry median 13.9×
Healthcare sector median 10.4×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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