EN DE
STOCK COMPARISON

Boston Properties vs Merlin Properties SOCIMI: Fair Value & Quality

Both stocks run through our valuation models. Here is how Boston Properties (BOXP34) and Merlin Properties SOCIMI (MRL) compare, as of Aug 27, 2026.

As of Aug 27, 2026, Fair Value Calculator sees Boston Properties as the less overvalued of the two: Boston Properties trades at BRL 36.04 versus a fair value of BRL 29.36 (-19%), while Merlin Properties SOCIMI trades at €13.93 versus €9.81 (-30%).
Boston Properties
BOXP34.SA · BRL · Real Estate
-19%
upside to fair value
overvalued
PriceBRL 36.04
Fair ValueBRL 29.36
Quality47/100
Merlin Properties SOCIMI
MRL.MC · EUR · Real Estate
-30%
upside to fair value
overvalued
Price€13.93
Fair Value€9.81
Quality53/100
Get comparisons like this free by email every month: the most undervalued quality stocks.

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Boston PropertiesMerlin Properties SOCIMI
Valuation
31.4×P/E (TTM)10.2×
3.59×P/S (TTM)18.80×
2.20×P/B1.35×
16.1×EV/EBITDA32.1×
2.86×PEG1.31×
8.5%Dividend yield1.3%
BRL 3.08Dividend per share—
Profitability
10%Net margin134%
26%Operating margin74%
6%Return on equity9%
2%Return on assets2%
Growth
1%Revenue growth (YoY)10%
3.9%Avg. growth/yr (3Y)7.1%
4.7%Avg. growth/yr (5Y)3.9%
Balance & size
3.08×Debt / equity0.52×
$11BMarket cap$11B
expensiveGrowth qualitymixed

Merlin Properties SOCIMI leads: 4 to 9 metric wins.

Dash = 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.

Boston Propertiesof which business quality 45 · market factors 57 Merlin Properties SOCIMIof which business quality 54 · market factors 54
ProfitabilityMargins and returns on capital today
22
39
Quality GrowthAre margins and returns improving?
36
63
CashflowEarnings quality: real cash, not paper profit
75
76
Fin. StrengthBalance sheet, leverage, solvency risk
12
57
InvestmentDisciplined investing over empire-building
62
81
Low VolatilityCalm price path (market factor)
68
74
MomentumPrice trend over the last 3–12 months (market factor)
53
42
52W MomentumDistance to the 52-week high (market factor)
50
52
Net IssuanceBuybacks instead of dilution
79
8

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Boston Properties

DCF ModelsBRL 4.66
Dividend DiscountBRL 5.90
MultiplesBRL 3.35
Asset-BasedBRL 2.16
Growth DCFBRL 2.96
Economic ProfitBRL 2.61

13 of 13 models see the stock below the current price.

Merlin Properties SOCIMI

DCF Models€7.82
Dividend Discount€3.25
Multiples€19.96
Asset-Based€8.74
Growth DCF€7.52
Economic Profit€12.30

10 of 15 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Boston Properties
Bear BRL 14.60Fair Value BRL 29.36Bull BRL 29.36
BRL 36.04 = current price (white tick)
Merlin Properties SOCIMI
Bear €9.09Fair Value €9.81Bull €11.65
€13.93 = current price (white tick)

Compare two other stocks

Tap a field and type again, ticker or company name.

Free, no sign-up

Ranked within their sector

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

Boston Properties · Real Estate

Quality score47 · below median
Fair value upside-19% · below median

Merlin Properties SOCIMI · Real Estate

Quality score53 · above median
Fair value upside-30% · below median

Bottom line

As of Aug 27, 2026, Fair Value Calculator sees Boston Properties as the less overvalued of the two: Boston Properties trades at BRL 36.04 versus a fair value of BRL 29.36 (-19%), while Merlin Properties SOCIMI trades at €13.93 versus €9.81 (-30%).

Merlin Properties SOCIMI has the higher quality score (53/100).

See the full analysis →
Boston Properties · Merlin Properties SOCIMI

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

Related to Boston Properties

Alphabet Inc Class C vs Verizon CommunicationsAlphabet Inc Class C vs At&tAlphabet Inc Class C vs NetEaseAmazon.com vs PDD Holdings

Related to Merlin Properties SOCIMI

Amazon.com vs Sony GroupMeta Platforms vs Verizon CommunicationsMeta Platforms vs At&tMeta Platforms vs NetEase
Free · Top-25 report

See the undervalued quality stocks every month

Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.

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