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PT Merck TbkISX:MERK +0.53%84 EV-to-FCF is 3.00 as of Jul. 14, 2026, which is 75% below its 10-year median of 12.04. GuruFocus rates ISX:MERK with a GF Score™ of 84/100 and a GF Value™ of Rp4,944.61 (Modestly Undervalued). Among 562 Drug Manufacturers companies, PT Merck Tbk ranks better than 94.84% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, PT Merck Tbk's Enterprise Value is Rp1,259,962 Mil.
PT Merck Tbk's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was Rp420,180 Mil. Therefore, PT Merck Tbk's EV-to-FCF for today is 3.00.
The historical rank and industry rank for PT Merck Tbk's EV-to-FCF or its related term are showing as below:
ISX:MERK'
s EV-to-FCF Range Over the Past 10 Years
Min: -711.88 Med: 12.04 Max: 222.51
Current: 2.98
During the past 13 years, the highest EV-to-FCF of PT Merck Tbk was 222.51. The lowest was -711.88. And the median was 12.04.
ISX:MERK's EV-to-FCF is ranked better than 94.84% of 562
companies
in the Drug Manufacturers industry
Industry Median: 21.055
vs ISX:MERK: 2.98
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
PT Merck Tbk's PE Ratio (TTM) for today is calculated as:
PT Merck Tbk's share price for today is Rp3760.00.
PT Merck Tbk's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was Rp659.450.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
PT Merck Tbk EV-to-FCF Related Terms
PT Merck Tbk EV-to-FCF Historical Data
* Premium members only.
The historical data trend for PT Merck Tbk's EV-to-FCF 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.
For the Drug Manufacturers - Specialty & Generic subindustry, PT Merck Tbk's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.
PT Merck Tbk EV-to-FCF vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, PT Merck Tbk's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where PT Merck Tbk's EV-to-FCF falls into.
PT Merck Tbk's current Enterprise Value is Rp1,259,962 Mil.
PT Merck Tbk's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was Rp420,180 Mil.
* 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.
PT Merck Tbk (ISX:MERK) has a EV-to-FCF of 3.00 as of Jul. 14, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on PT Merck Tbk and its competitors. This is 75% below median its historical median of 12.04. According to the industry distribution chart, PT Merck Tbk ranks #29 out of 562 companies in the Drug Manufacturers industry, placing it in the top 5.2%.
Is PT Merck Tbk's EV-to-FCF too high?
PT Merck Tbk's current EV-to-FCF of 3.00 is 75% below median its 10-year median of 12.04. The Drug Manufacturers industry median EV-to-FCF is 21.06. PT Merck Tbk's value of 3.00 is 85.8% below this industry median. Based on the distribution chart, PT Merck Tbk ranks #29 out of 562 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, PT Merck Tbk has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Merck Tbk's EV-to-FCF compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, PT Merck Tbk ranks #29 out of 562 companies for EV-to-FCF. This places PT Merck Tbk in the top 5% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 21.06. PT Merck Tbk's value of 3.00 is 85.8% below this benchmark. While the company's 10-year median is 12.04 vs. the industry median of 21.06, PT Merck Tbk has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Drug Manufacturers company?
The median EV-to-FCF among Drug Manufacturers companies is 21.06, based on 562 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Merck Tbk's current EV-to-FCF of 3.00 is 85.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on PT Merck Tbk and its competitors. For the Drug Manufacturers industry, the median EV-to-FCF is 21.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Merck Tbk's current EV-to-FCF is 3.00, which is 75% below median its own 10-year median of 12.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Merck Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Merck Tbk (ISX:MERK) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp4,944.61, compared to a current price of Rp3,760.00 — trading 24% below its estimated fair value. The current EV-to-FCF is 3.00, which is 75% below median its 10-year median of 12.04 and 85.8% below the Drug Manufacturers industry median of 21.06. PT Merck Tbk's overall GF Score™ is 84/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For PT Merck Tbk (ISX:MERK), the current EV-to-FCF is 3.00 as of Jul. 14, 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.
Is PT Merck Tbk (ISX:MERK) Overvalued in 2026?
Based on GuruFocus' analysis, PT Merck Tbk stock appears to be undervalued.
The current stock price of Rp3,760.00 is trading 24% below its estimated GF Value™ of Rp4,944.61.
GuruFocus considers PT Merck Tbk to be Modestly Undervalued.
Key valuation signals for ISX:MERK:
EV-to-FCF: 3.00 (75% below median its 10-year median of 12.04)
GF Value™: Rp4,944.61 vs. price of Rp3,760.00 (24% below fair value)
Industry Position: 85.8% below the Drug Manufacturers median (#29 of 562)
No single metric tells the full story. See the ISX:MERK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Merck Tbk engages in the manufacture and sale of pharmaceutical products in Indonesia. The company operates in three segments: Biopharma, Consumer Health, and Others. The company offers pharmaceutical and biological prescription medicines for colorectal cancer, head and neck tumors, multiple sclerosis, infertility, growth hormone disorders, cardiovascular disorders, diabetes, as well as thyroid disorders such as hypothyroidism.
84GF Score
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