STOCK COMPARISON
Merlin Properties SOCIMI vs BXP: Fair Value & Quality
Both stocks run through our valuation models. Here is how Merlin Properties SOCIMI (MRL) and BXP (BXP) compare, as of Aug 8, 2026.
As of Aug 8, 2026, Fair Value Calculator sees BXP as the less overvalued of the two: Merlin Properties SOCIMI trades at €14.80 versus a fair value of €10.51 (-29%), while BXP trades at $68.81 versus $53.27 (-23%).
Merlin Properties SOCIMI
MRL.MC · EUR · Real Estate
-29%
upside to fair value
overvalued
Price€14.80
Fair Value€10.51
Quality56/100
BXP
BXP · USD · Real Estate
-23%
upside to fair value
overvalued
Price$68.81
Fair Value$53.27
Quality53/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Merlin Properties SOCIMIBXP
Valuation
11.0×P/E (TTM)31.7×
18.59×P/S (TTM)3.56×
1.34×P/B2.18×
31.8×EV/EBITDA16.1×
1.31×PEG2.42×
—Dividend yield4.7%
—Dividend per share$3.08
Profitability
134%Net margin10%
74%Operating margin26%
9%Return on equity6%
2%Return on assets2%
Growth
10%Revenue growth (YoY)1%
7.1%Avg. growth/yr (3Y)3.9%
3.9%Avg. growth/yr (5Y)4.7%
Balance & size
0.52×Debt / equity3.08×
$11BMarket cap$11B
mixedGrowth qualityhealthy
Merlin Properties SOCIMI leads: 10 to 3 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.
Merlin Properties SOCIMIof which business quality 54 · market factors 62
BXPof which business quality 49 · market factors 57
ProfitabilityMargins and returns on capital today
39
22
Quality GrowthAre margins and returns improving?
63
56
CashflowEarnings quality: real cash, not paper profit
76
79
Fin. StrengthBalance sheet, leverage, solvency risk
57
14
InvestmentDisciplined investing over empire-building
81
70
Low VolatilityCalm price path (market factor)
74
64
MomentumPrice trend over the last 3–12 months (market factor)
54
53
52W MomentumDistance to the 52-week high (market factor)
64
56
Net IssuanceBuybacks instead of dilution
8
77
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.
Merlin Properties SOCIMI
DCF Models€13.55
Earnings-Based€12.33
Dividend Discount€3.25
Multiples€21.27
Asset-Based€8.74
Growth DCF€7.52
Economic Profit€10.61
Growth Earnings€21.01
15 of 24 models see the stock below the current price.
BXP
DCF Models$86.06
Earnings-Based$20.09
Dividend Discount$67.21
Multiples$34.71
Asset-Based$21.62
Economic Profit$28.77
Growth Earnings$29.35
13 of 17 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.
Merlin Properties SOCIMI
Bear €9.54Fair Value €10.51Bull €15.79
€14.80 = current price (white tick)
BXP
Bear $25.18Fair Value $53.27Bull $99.13
$68.81 = current price (white tick)
Compare two other stocks
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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.
Merlin Properties SOCIMI · Real Estate
Quality score56 · above median
Fair value upside-29% · below median
BXP · Real Estate
Quality score53 · above median
Fair value upside-23% · below median
Bottom line
As of Aug 8, 2026, Fair Value Calculator sees BXP as the less overvalued of the two: Merlin Properties SOCIMI trades at €14.80 versus a fair value of €10.51 (-29%), while BXP trades at $68.81 versus $53.27 (-23%).
Merlin Properties SOCIMI has the higher quality score (56/100).
See the full analysis →
More comparisons
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
