Merck KGaA Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 2, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	47,739	52,978	60,847	62,651	78,651	98,695
Market Cap Growth	-16.44%	-12.93%	-2.88%	-20.34%	-20.31%	61.74%
Enterprise Value	56,438	62,274	68,706	70,685	87,303	107,675
Last Close Price	109.80	121.85	139.95	144.10	180.90	227.00
PE Ratio	18.30	20.31	21.90	22.20	23.65	32.29
Forward PE	14.23	14.90	14.80	16.17	17.32	24.88
PEG Ratio	2.02	1.99	2.35	4.48	2.03	2.57
PS Ratio	2.26	2.51	2.88	2.98	3.54	5.01
PB Ratio	1.67	1.85	2.03	2.35	3.03	4.63
P/TBV Ratio	1.67	1.85	2.03	2.35	3.03	4.63
P/FCF Ratio	20.34	22.57	21.10	31.69	28.83	27.80
P/OCF Ratio	12.14	13.47	13.27	16.56	18.47	21.38
EV/Sales Ratio	2.67	2.95	3.25	3.37	3.93	5.47
EV/EBITDA Ratio	9.90	10.56	11.89	12.88	13.42	18.11
EV/EBIT Ratio	14.36	17.29	18.85	19.59	19.51	25.77
EV/FCF Ratio	24.05	26.53	23.82	35.75	32.00	30.33
Debt / Equity Ratio	0.42	0.42	0.34	0.37	0.40	0.50
Debt / EBITDA Ratio	2.03	2.03	1.78	1.81	1.60	1.82
Debt / FCF Ratio	5.10	5.10	3.57	5.03	3.82	3.04
Net Debt / Equity Ratio	0.32	0.32	0.26	0.30	0.33	0.42
Net Debt / EBITDA Ratio	1.56	1.56	1.35	1.45	1.32	1.50
Net Debt / FCF Ratio	3.93	3.93	2.70	4.03	3.14	2.51
Asset Turnover	0.41	0.41	0.42	0.43	0.47	0.45
Inventory Turnover	1.94	1.94	1.90	1.86	2.00	2.04
Quick Ratio	0.83	0.83	0.64	0.76	0.67	0.57
Current Ratio	1.46	1.46	1.19	1.42	1.28	1.05
Return on Equity (ROE)	13.67%	8.92%	9.82%	10.74%	14.08%	15.95%
Return on Assets (ROA)	5.52%	5.52%	5.74%	6.05%	7.42%	7.49%
Return on Invested Capital (ROIC)	6.16%	6.16%	6.41%	6.75%	8.28%	8.31%
Return on Capital Employed (ROCE)	8.70%	8.70%	9.10%	9.16%	12.10%	12.38%
Earnings Yield	5.46%	4.92%	4.57%	4.50%	4.23%	3.10%
FCF Yield	4.92%	4.43%	4.74%	3.16%	3.47%	3.60%
Dividend Yield	2.00%	0.54%	0.47%	0.45%	0.30%	0.18%
Payout Ratio	39.84%	10.89%	10.23%	10.06%	7.19%	5.92%
Total Shareholder Return	2.00%	0.54%	0.47%	0.45%	0.30%	0.18%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.