Merck KGaA
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Merck KGaA's yearly results (2022–2025), compared with companies in Germany. Tap ? on any ratio for what it means.
What stands out
- Steadiness Ratio: Sales grew in 1 of the last 3 years; profit grew in 0 of 3. Less steady than 91% of companies in Germany.
- Tangible Assets Ratio: Of every €100 the company owns, €50 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles. Less tangible than 88% of companies in Germany.
Where €100 of sales goes
Latest year (Dec 2025). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
€150Over the last 3 years, every €100 of reported profit came with €150 of operating cash.
Lower than 69% of companies in Germany.
Self-Funding Ratio
2.0×Over the last 3 years its own operating cash covered its investment spending (capex) 2.0 times.
Lower than 64% of companies in Germany.
Cash Locked Ratio
€22For every €100 of sales, €22 is tied up in day-to-day operations (money owed by customers + stock − money owed to suppliers), against €20 tied up three years earlier.
More money tied up than 55% of companies in Germany.
Growth quality
Steadiness Ratio
1/3 · 0/3Sales grew in 1 of the last 3 years; profit grew in 0 of 3.
Less steady than 91% of companies in Germany.
Growth Efficiency Ratio
—Sales fell 5%
Sales fell 5% in 3 years, so extra profit per extra sales cannot be measured.
Asset Productivity Ratio
-5% / +6%In 3 years sales changed by -5% while total assets changed by +6%. Assets grew faster than sales.
Balance-sheet strength
Debt Due Cover Ratio
3.6×Debt due within a year is covered 3.6 times by its yearly operating cash.
Higher than 62% of companies in Germany.
Cash Cushion Ratio
−14%Debt, after subtracting cash, equals 14% of its market value (net debt).
Higher than 56% of companies in Germany.
Tangible Assets Ratio
50%Of every €100 the company owns, €50 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
Less tangible than 88% of companies in Germany.
Tangible Net Worth Ratio
10%Of every €100 of net worth, €10 is tangible; the rest is goodwill and other intangibles, often from buying other companies.
Less tangible than 78% of companies in Germany.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (14)
Merck KGaA owes €0.44 for every €1 it owns. Net profit fell 6% in the year to Dec 2025, and shrank 8% a year on average over 3 years.
Compared with companies in Germany · latest annual results Dec 2025.
P/E ratio
26.9Investors pay €26.9 for every €1 of Merck KGaA's yearly profit, higher than 76% of companies in Germany.
P/B ratio
2.14The share price is 2.14 times Merck KGaA's book value per share, higher than 51% of companies in Germany.
Market cap
€63.6 BThe total market value of all of Merck KGaA's shares at today's price (share price × number of shares), larger than 80% of companies in Germany. PosiCap size class: Tito Cap.
Net worth (book value)
€29.7 BWhat Merck KGaA would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (31 Mar 2026).
Book value per share
€68.41Net worth divided by the number of shares. The share price of €146.35 is 2.1 times this, which is the P/B above.
Return on equity (ROE)
8.1%Merck KGaA earned 8.1% on its shareholders' money over the last year, lower than 70% of companies in Germany.
Owes vs Owns
0.44×Merck KGaA owes €0.44 for every €1 it owns (low), lower than 86% of companies in Germany.
Dividend yield
1.50%Merck KGaA pays 1.50% of its share price as dividends a year, lower than 74% of dividend-paying companies in Germany.
Revenue growth
-0%Revenue fell 0% in the year to Dec 2025, and shrank 2% a year on average over 3 years.
Profit growth
-6%Net profit fell 6% in the year to Dec 2025, and shrank 8% a year on average over 3 years.
Profit margin
12.4%Merck KGaA keeps €12 of every €100 of revenue as net profit.
Cash quality
1.5×Cash from Merck KGaA's business was 1.5× its reported profit in the year to Dec 2025 — its profit turned into cash.
Interest cover
9.5×Merck KGaA's operating profit covered its interest costs 9.5 times in the year to Dec 2025.
Cash vs debt
Net debtMerck KGaA had €9.0 B more debt than cash (net debt) at Dec 2025.
Questions
What is Merck KGaA's P/E ratio?
Investors pay €26.9 for every €1 of Merck KGaA's yearly profit, higher than 76% of companies in Germany.
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For Merck KGaA: €63.6 B ÷ €29.7 B (31 Mar 2026) = 2.1.
What is Merck KGaA's return on equity?
Merck KGaA earned 8.1% on its shareholders' money over the last year, lower than 70% of companies in Germany.
How much does Merck KGaA owe compared with what it owns?
Merck KGaA owes €0.44 for every €1 it owns (low), lower than 86% of companies in Germany.
Does Merck KGaA pay a dividend?
Yes. Merck KGaA pays 1.50% of its share price as dividends a year, lower than 74% of dividend-paying companies in Germany.
Is Merck KGaA's revenue growing?
Revenue fell 0% in the year to Dec 2025, and shrank 2% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.