MRLN (Merlin) Book Value per Share: $-1.65 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MRLN Merlin Inc MRLN
6 GF Score
Price $3.60
View Full Analysis

What is Merlin Book Value per Share?

Merlin MRLN -1.37% 6 Book Value per Share is $-1.65 as of Mar. 2026. GuruFocus rates MRLN with a GF Score™ of 6/100.

Merlin's book value per share for the quarter that ended in Mar. 2026 was $-1.65.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

Merlin's current price is $3.595. Its book value per share for the quarter that ended in Mar. 2026 was $-1.65. Hence, today's PB Ratio of Merlin is .

Merlin  (NAS:MRLN) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Merlin Book Value per Share Related Terms

Merlin Book Value per Share Historical Data

* Premium members only.

The historical data trend for Merlin's Book Value per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Merlin Book Value per Share Chart

Merlin Annual Data
Trend Dec23 Dec24
Book Value per Share
-0.94 -1.59

Merlin Quarterly Data
Dec23 Dec24 Mar25 Sep25 Mar26
Book Value per Share -0.94 -1.59 0.00 -6.43 -1.65

MRLN vs EH, ELMT, RGR: Book Value per Share Comparison

For the Aerospace & Defense subindustry, Merlin's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Merlin PB Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Merlin's PB Ratio distribution charts can be found below:

* The bar in red indicates where Merlin's PB Ratio falls into.


MRLN
6GF Score
Merlin Inc MRLN
Book Value per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Merlin Book Value per Share Calculation

Merlin's Book Value Per Share for the fiscal year that ended in Dec. 2024 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(-131.52-0.00)/82.69
=-1.59

Merlin's Book Value Per Share for the quarter that ended in Mar. 2026 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(-139.11-0.00)/84.55
=-1.65

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Frequently Asked Questions Learn more about Book Value per Share →
What does a Book Value per Share of $-1.65 mean?
Merlin (MRLN) has a Book Value per Share of $-1.65 as of Mar. 2026. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Merlin and its competitors.
Is Merlin's Book Value per Share too high?
Merlin's current Book Value per Share is $-1.65. Overall, Merlin has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Merlin's Book Value per Share compare to EH and ELMT?
Merlin's Book Value per Share of $-1.65 can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Book Value per Share for an Aerospace & Defense company?
A good Book Value per Share depends on the Aerospace & Defense industry context. However, Book Value per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Book Value per Share mean?
A high Book Value per Share can signal that a stock is expensive relative to its fundamentals. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Merlin and its competitors. Merlin's current Book Value per Share is $-1.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merlin stock overvalued right now?
Merlin (MRLN) has a current Book Value per Share of $-1.65. The current Book Value per Share is $-1.65. Merlin's overall GF Score™ is 6/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Book Value per Share calculated?
Book Value per Share is calculated from a company's financial statements. For Merlin (MRLN), the current Book Value per Share is $-1.65 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Merlin Business Description

Address 129 South Street, Boston, MA, USA, 02111
Merlin Inc is focused on developing autonomous flight software for legacy and next-generation airborne systems. Its aircraft-agnostic, AI-based software supports takeoff-to-landing autonomous operations for military and civil aviation programs. The company aims to build an AI-based operating software platform intended to support autonomous flight operations across a range of aircraft types.
6GF Score

Get the complete analysis for MRLN

Book Value per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.60
Price