Merck & Co., Inc. MRK
- Market cap
- $365.4B
- P/E
- 119×
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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 | Free account |
Against its own ten years
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)
More on MRK
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement