Valuation + Options Snapshot

MRK

$144.00 · 52-week range $77.58 – $156.92 · as of 2026-09-12

Value

Expensive

Volatility setup

Fair

What the numbers show

  • P/E 115.2× vs 5y median 22.9× — 402.5% above its own history.
  • FCF yield 4.5% — modest.
  • Dividend yield 2.33% — well covered by TTM FCF (1.9×).
  • YoY growth — revenue +4.6%, EPS -80.7%, FCF +9.1%.
  • Share count down 2.5% over 8 quarters — modest buyback.
  • ATM IV 29.4% vs trailing realized vol 30.0% — -0.7 vol points (roughly fair).
  • Liquid chain — ATM-band put OI 28,456.

Current P/E

115.2×

5y median P/E

22.9×

vs 5y median

+402.5%

FCF yield

4.52%

Dividend yield

2.33%

Coverage (FCF / div)

1.9×

Revenue YoY

+4.6%

EPS YoY

-80.7%

FCF YoY

+9.1%

Shares Δ (8 quarters)

-2.5%

ATM implied vol

29.4%

Realized vol (1y)

30.0%

IV − RV

-0.7 pts

ATM-band put OI

28,456

Range position

46% above low

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This page is not a recommendation. It shows structural numbers and classification only. Whether MRK is a name worth owning — at any price or strike — is the analyst work the paid Value Options Letter does every week.