EN DE
STOCK COMPARISON

Merck KGaA vs Siegfried Holding: Fair Value & Quality

Both stocks run through our valuation models. Here is how Merck KGaA (MRK) and Siegfried Holding (SFZN) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Merck KGaA as the less overvalued of the two: Merck KGaA trades at €133 versus a fair value of €109 (-18%), while Siegfried Holding trades at CHF 74.40 versus CHF 47.50 (-36%).
Merck KGaA
MRK.XETRA · EUR · Health Care
-18%
upside to fair value
overvalued
Price€133
Fair Value€109
Quality62/100
Siegfried Holding
SFZN.SW · CHF · Health Care
-36%
upside to fair value
overvalued
PriceCHF 74.40
Fair ValueCHF 47.50
Quality52/100
Get comparisons like this free by email every month: the most undervalued quality stocks.

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

Merck KGaASiegfried Holding
Valuation
24.1×P/E (TTM)19.4×
3.14×P/S (TTM)2.97×
2.30×P/B3.50×
12.9×EV/EBITDA13.7×
2.76×PEG1.42×
−18.2%Fair value upside−36.2%
1.7%Dividend yield0.5%
€2.20Dividend per shareCHF 0.40
Profitability
18%Operating margin19%
1.07×EBIT margin trend (5Y)1.72×
9%Return on equity16%
5%Return on assets7%
Growth
-3%Revenue growth (YoY)5%
-1.7%Avg. growth/yr (3Y)2.6%
3.8%Avg. growth/yr (5Y)9.5%
+7.3%Value creation/yr+22.6%
Balance & size
15.5×Interest coverage (EBIT/interest)29.5×
0.36×Debt / equity0.33×
$66BMarket cap$4B
mixedGrowth qualityexpensive

Siegfried Holding leads: 5 to 11 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.

Merck KGaAof which business quality 61 · market factors 65 Siegfried Holdingof which business quality 52 · market factors 44
ProfitabilityMargins and returns on capital today
41
48
Quality GrowthAre margins and returns improving?
40
43
CashflowEarnings quality: real cash, not paper profit
57
34
Fin. StrengthBalance sheet, leverage, solvency risk
76
74
InvestmentDisciplined investing over empire-building
80
36
Low VolatilityCalm price path (market factor)
72
69
MomentumPrice trend over the last 3–12 months (market factor)
59
41
52W MomentumDistance to the 52-week high (market factor)
65
22
Net IssuanceShare count: buybacks or dilution?
82
75

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 familyMerck KGaAPrice €133Siegfried HoldingPrice CHF 74.40
DCF Models-19%below the price€107-38%below the priceCHF 46.39
Earnings-Based-60%below the price€53.25-58%below the priceCHF 31.53
Dividend Discount-69%below the price€40.71-92%below the priceCHF 6.12
Multiples-11%close to the price€118-5%close to the priceCHF 70.43
Asset-Based-67%below the price€44.06-77%below the priceCHF 17.25
Growth DCF-29%below the price€94.57n/a
Economic Profit-50%below the price€66.44-51%below the priceCHF 36.42
Growth Earnings-13%close to the price€115+3%close to the priceCHF 76.56
Minimum-69%below the price€40.71-92%below the priceCHF 6.12
Maximum-11%close to the price€118+3%close to the priceCHF 76.56
Median-39%below the price€80.50-51%below the priceCHF 36.42
Geometric mean-45%below the price€73.75-58%below the priceCHF 31.43

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%.

Merck KGaA: 22 of 26 models see the stock below the current price.

Siegfried Holding: 17 of 23 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.

Merck KGaA
Price €133
Fair Value €109
Bear €59.91Bull €150
Siegfried Holding
Price CHF 74.40
Fair Value CHF 47.50
Bear CHF 25.69Bull CHF 80.31

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.

Merck KGaA · Health Care

Quality score62 · above median
Fair value upside-18% · above median

Siegfried Holding · Health Care

Quality score52 · above median
Fair value upside-36% · below median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Merck KGaA as the less overvalued of the two: Merck KGaA trades at €133 versus a fair value of €109 (-18%), while Siegfried Holding trades at CHF 74.40 versus CHF 47.50 (-36%).

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

Open Merck KGaA live analysis →

More comparisons

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

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.