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STOCK COMPARISON

Cannovum Cannabis vs Merck KGaA: Fair Value & Quality

Both stocks run through our valuation models. Here is how Cannovum Cannabis (27N0) and Merck KGaA (MRK) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Merck KGaA as the less overvalued of the two: Cannovum Cannabis trades at €0.58 versus a fair value of €0.22 (-62%), while Merck KGaA trades at €134 versus €109 (-19%).
Cannovum Cannabis
27N0.XETRA · EUR · Health Care
-62%
upside to fair value
overvalued
Price€0.58
Fair Value€0.22
Quality48/100
Merck KGaA
MRK.XETRA · EUR · Health Care
-19%
upside to fair value
overvalued
Price€134
Fair Value€109
Quality62/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Cannovum CannabisMerck KGaA
Valuation
n/aP/E (TTM)24.1×
n/aP/S (TTM)3.14×
2.67×P/B2.30×
n/aEV/EBITDA12.9×
n/aPEG2.76×
−61.6%Fair value upside−18.9%
n/aDividend yield1.7%
n/aDividend per share€2.20
Profitability
n/aOperating margin18%
n/aEBIT margin trend (5Y)1.07×
n/aReturn on equity9%
-146%Return on assets5%
Growth
0%Revenue growth (YoY)-3%
-10.8%Avg. growth/yr (3Y)-1.7%
n/aAvg. growth/yr (5Y)3.8%
n/aValue creation/yr+7.3%
Balance & size
n/aInterest coverage (EBIT/interest)15.5×
n/aDebt / equity0.36×
$2MMarket cap$66B
weakGrowth qualitymixed

Merck KGaA leads: 0 to 5 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Cannovum Cannabisof which business quality 48 · market factors 59 Merck KGaAof which business quality 61 · market factors 66
ProfitabilityMargins and returns on capital today
0
41
Quality GrowthAre margins and returns improving?
48
40
Fin. StrengthBalance sheet, leverage, solvency risk
100
76
InvestmentDisciplined investing over empire-building
100
80
Low VolatilityCalm price path (market factor)
0
72
MomentumPrice trend over the last 3–12 months (market factor)
90
61
52W MomentumDistance to the 52-week high (market factor)
73
68
Net IssuanceShare count: buybacks or dilution?
0
82
CashflowEarnings quality: real cash, not paper profit
—
57

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyCannovum CannabisPrice €0.58Merck KGaAPrice €134
DCF Modelsn/a-20%below the price€107
Earnings-Basedn/a-60%below the price€53.25
Dividend Discountn/a-70%below the price€40.71
Multiplesn/a-12%close to the price€118
Asset-Based-69%below the price€0.18-67%below the price€44.06
Growth DCFn/a-29%below the price€94.57
Economic Profitn/a-50%below the price€66.44
Growth Earningsn/a-14%close to the price€115
Minimum-69%below the price€0.18-70%below the price€40.71
Maximum-69%below the price€0.18-12%close to the price€118
Median-69%below the price€0.18-40%below the price€80.50
Geometric mean-69%below the price€0.18-45%below the price€73.75

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Cannovum Cannabis: 1 of 1 models see the stock below the current price.

Merck KGaA: 23 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Cannovum Cannabis
Price €0.58
Fair Value €0.22
Bear €0.14Bull €0.28
Merck KGaA
Price €134
Fair Value €109
Bear €59.91Bull €150

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Cannovum Cannabis · Health Care

Quality score48 · below median
Fair value upside-62% · bottom 25%

Merck KGaA · Health Care

Quality score62 · above median
Fair value upside-19% · above median

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Merck KGaA as the less overvalued of the two: Cannovum Cannabis trades at €0.58 versus a fair value of €0.22 (-62%), while Merck KGaA trades at €134 versus €109 (-19%).

Merck KGaA has the higher quality score (62/100).

Open Merck KGaA live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.