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STOCK COMPARISON

Merck KGaA vs TherapeuticsMD: Fair Value & Quality

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

As of Sep 25, 2026, Fair Value Calculator sees Merck KGaA as the less overvalued of the two: Merck KGaA trades at €134 versus a fair value of €109 (-19%), while TherapeuticsMD trades at $2.17 versus $0.90 (-59%).
Merck KGaA
MRK.XETRA · EUR · Health Care
-19%
upside to fair value
overvalued
Price€134
Fair Value€109
Quality62/100
TherapeuticsMD
TXMD · USD · Health Care
-59%
upside to fair value
overvalued
Price$2.17
Fair Value$0.90
Quality55/100
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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

Merck KGaATherapeuticsMD
Valuation
24.1×P/E (TTM)217.0×
3.16×P/S (TTM)7.49×
2.32×P/B0.93×
13.0×EV/EBITDAn/a
2.76×PEGn/a
−18.9%Fair value upside−58.5%
1.6%Dividend yieldn/a
€2.20Dividend per sharen/a
Profitability
18%Operating margin-28%
1.07×EBIT margin trend (5Y)n/a
9%Return on equity0%
5%Return on assets-3%
Growth
-3%Revenue growth (YoY)84%
-1.7%Avg. growth/yr (3Y)-64.9%
3.8%Avg. growth/yr (5Y)-45.8%
+7.2%Value creation/yrn/a
Balance & size
15.5×Interest coverage (EBIT/interest)n/a
0.36×Debt / equity8.84×
$66BMarket cap$25M
mixedGrowth qualityweak

Merck KGaA leads: 9 to 1 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 66 TherapeuticsMDof which business quality 56 · market factors 63
ProfitabilityMargins and returns on capital today
41
6
Quality GrowthAre margins and returns improving?
40
72
CashflowEarnings quality: real cash, not paper profit
57
100
Fin. StrengthBalance sheet, leverage, solvency risk
76
42
InvestmentDisciplined investing over empire-building
80
100
Low VolatilityCalm price path (market factor)
72
46
MomentumPrice trend over the last 3–12 months (market factor)
61
64
52W MomentumDistance to the 52-week high (market factor)
68
83
Net IssuanceShare count: buybacks or dilution?
82
38

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 €134TherapeuticsMDPrice $2.17
DCF Models-20%below the price€107n/a
Earnings-Based-60%below the price€53.25n/a
Dividend Discount-70%below the price€40.71n/a
Multiples-12%close to the price€118n/a
Asset-Based-67%below the price€44.06-28%below the price$1.56
Growth DCF-29%below the price€94.57n/a
Economic Profit-50%below the price€66.44n/a
Growth Earnings-14%close to the price€115n/a
Minimum-70%below the price€40.71-28%below the price$1.56
Maximum-12%close to the price€118-28%below the price$1.56
Median-40%below the price€80.50-28%below the price$1.56
Geometric mean-45%below the price€73.75-28%below the price$1.56

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

TherapeuticsMD: 1 of 1 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 €134
Fair Value €109
Bear €59.91Bull €150
TherapeuticsMD
Price $2.17
Fair Value $0.90
Bear $0.67Bull $1.14

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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.

Merck KGaA · Health Care

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

TherapeuticsMD · Health Care

Quality score55 · above median
Fair value upside-59% · below median

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Merck KGaA as the less overvalued of the two: Merck KGaA trades at €134 versus a fair value of €109 (-19%), while TherapeuticsMD trades at $2.17 versus $0.90 (-59%).

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.