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STOCK COMPARISON

Merck KGaA vs Zim Laboratories: Fair Value & Quality

Both stocks run through our valuation models. Here is how Merck KGaA (MRK) and Zim Laboratories (ZIMLAB) compare, as of Oct 2, 2026.

As of Oct 2, 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 (−19.0%), while Zim Laboratories trades at ₹137 versus ₹19.02 (−86.1%).
Merck KGaA
MRK.XETRA · EUR · Health Care
−19.0%
upside to fair value
overvalued
Price€134
Fair Value€109
Quality62/100
Zim Laboratories
ZIMLAB.NSE · INR · Health Care
−86.1%
upside to fair value
overvalued
Price₹137
Fair Value₹19.02
Quality37/100
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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 KGaAZim Laboratories
Valuation
24.6×P/E (TTM)114.2×
15.1×Forward P/E (FY2027)n/a
25.0×Median P/E at FY-end (10 FY, reported earnings)n/a
2.77×P/S (TTM)1.80×
2.04×P/B2.27×
11.8×EV/EBITDA27.7×
2.15×PEGn/a
−19.0%Fair value upside−86.1%
1.6%Dividend yieldn/a
€2.20Dividend per sharen/a
Profitability
13.9%Operating margin2.2%
1.07×EBIT margin trend (5Y)0.19×
8.1%Return on equity2.1%
4.7%Return on assets1.3%
Growth
3.4%Revenue growth (YoY)-3.2%
-1.7%Avg. growth/yr (3Y)-2.5%
3.8%Avg. growth/yr (5Y)3.7%
+7.2%Value creation/yr−4.6%
Balance & size
15.5×Interest coverage (EBIT/interest)0.4×
0.36×Debt / equity0.14×
$66BMarket cap$70M
mixedGrowth qualityweak
Merck KGaA, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 25.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Merck KGaA leads: 12 to 2 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 64 Zim Laboratoriesof which business quality 40 · market factors 79
ProfitabilityMargins and returns on capital today
41
26
Quality GrowthAre margins and returns improving?
40
14
CashflowEarnings quality: real cash, not paper profit
57
38
Fin. StrengthBalance sheet, leverage, solvency risk
75
56
InvestmentDisciplined investing over empire-building
80
31
Low VolatilityCalm price path (market factor)
75
49
MomentumPrice trend over the last 3–12 months (market factor)
57
89
52W MomentumDistance to the 52-week high (market factor)
62
99
Net IssuanceShare count: buybacks or dilution?
82
76

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 €134Zim LaboratoriesPrice ₹137
DCF Models−20.3%below the price€107n/a
Earnings-Based−60.4%below the price€53.25−97.3%below the price₹3.66
Dividend Discount−69.7%below the price€40.71−99.9%below the price₹0.10
Multiples−12.1%close to the price€118−86.5%below the price₹18.53
Asset-Based−67.2%below the price€44.06−73.0%below the price₹37.05
Growth DCF−29.7%below the price€94.57n/a
Economic Profit−50.6%below the price€66.44−87.7%below the price₹16.91
Growth Earnings−14.3%close to the price€115−86.1%below the price₹19.02
Minimum−69.7%below the price€40.71−99.9%below the price₹0.10
Maximum−12.1%close to the price€118−73.0%below the price₹37.05
Median−40.1%below the price€80.50−87.1%below the price₹17.72
Geometric mean−45.1%below the price€73.75−95.2%below the price₹6.58

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.

Zim Laboratories: 15 of 15 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 €60.04Bull €150
Zim Laboratories
Price ₹137
Fair Value ₹19.02
Bear ₹13.31Bull ₹23.17

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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−19.0% · above median

Zim Laboratories · Health Care

Quality score37 · bottom 25%
Fair value upside−86.1% · bottom 25%

Bottom line

As of Oct 2, 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 (−19.0%), while Zim Laboratories trades at ₹137 versus ₹19.02 (−86.1%).

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.