Merit Medical SystemsFRA:MM3 -1.63%86 PEG Ratio is 0.76 as of Jul. 01, 2026, which is 75% below its 10-year median of 3.05. GuruFocus rates FRA:MM3 with a GF Score™ of 86/100 and a GF Value™ of €83.48 (Modestly Undervalued). Among 207 Medical Devices & Instruments companies, Merit Medical Systems ranks better than 80.19% on this metric.
* The 5-Year EBITDA Growth Rate is the 5-year average EBITDA per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.
The historical rank and industry rank for Merit Medical Systems's PEG Ratio or its related term are showing as below:
FRA:MM3'
s PEG Ratio Range Over the Past 10 Years
Min: 0.73 Med: 3.05 Max: 16.19
Current: 0.75
During the past 13 years, Merit Medical Systems's highest PEG Ratio was 16.19. The lowest was 0.73. And the median was 3.05.
FRA:MM3's PEG Ratio is ranked better than 80.19% of 207
companies
in the Medical Devices & Instruments industry
Industry Median: 2.03
vs FRA:MM3: 0.75
Peter Lynch thinks a company with a P/E ratio equal to its growth rate is fairly valued.
Merit Medical Systems (FRA:MM3) PEG Ratio Explanation
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the P/E ratio divided by the growth ratio. He thinks a company with a P/E ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a P/E of 20, instead of a company growing 10% a year with a P/E of 10.
* 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 Medical Instruments & Supplies subindustry, Merit Medical Systems's PEG Ratio, along with its competitors' market caps and PEG 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.
Merit Medical Systems PEG Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Merit Medical Systems's PEG Ratio distribution charts can be found below:
* The bar in red indicates where Merit Medical Systems's PEG Ratio falls into.
* 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.
* Note: The 5-Year EBITDA Growth Rate is the 5-year average EBITDA per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.
Merit Medical Systems (FRA:MM3) has a PEG Ratio of 0.76 as of Jul. 01, 2026. Price-earnings to growth ratio is the ratio of price-earnings to a company's earnings growth rate. View historical data on Merit Medical Systems and its competitors. This is 75% below median its historical median of 3.05. Over the past decade, Merit Medical Systems' PEG Ratio has ranged from 0.73 to 16.19. According to the industry distribution chart, Merit Medical Systems ranks #41 out of 207 companies in the Medical Devices & Instruments industry, placing it in the top 19.8%.
Is Merit Medical Systems' PEG Ratio too high?
Merit Medical Systems' current PEG Ratio of 0.76 is 75% below median its 10-year median of 3.05. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 16.19. The Medical Devices & Instruments industry median PEG Ratio is 2.03. Merit Medical Systems' value of 0.76 is 62.6% below this industry median. Based on the distribution chart, Merit Medical Systems ranks #41 out of 207 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Merit Medical Systems has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merit Medical Systems' PEG Ratio compare to NVST and MMED?
According to the Medical Devices & Instruments industry distribution chart, Merit Medical Systems ranks #41 out of 207 companies for PEG Ratio. This places Merit Medical Systems in the top 20% of its industry — outperforming the majority of peers. The industry median PEG Ratio is 2.03. Merit Medical Systems' value of 0.76 is 62.6% below this benchmark. Historically, Merit Medical Systems' own PEG Ratio has ranged from 0.73 to 16.19 over the past decade. While the company's 10-year median is 3.05 vs. the industry median of 2.03, Merit Medical Systems 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 PEG Ratio for a Medical Devices & Instruments company?
The median PEG Ratio among Medical Devices & Instruments companies is 2.03, based on 207 companies in the industry. Companies in the top quartile (top 25%) have a PEG Ratio significantly above this median, while those in the bottom quartile fall well below. However, PEG Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Merit Medical Systems's current PEG Ratio of 0.76 is 62.6% 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 PEG Ratio mean?
A high PEG Ratio can signal that a stock is expensive relative to its fundamentals. Price-earnings to growth ratio is the ratio of price-earnings to a company's earnings growth rate. View historical data on Merit Medical Systems and its competitors. For the Medical Devices & Instruments industry, the median PEG Ratio is 2.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merit Medical Systems's current PEG Ratio is 0.76, which is 75% below median its own 10-year median of 3.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merit Medical Systems stock overvalued right now?
Based on GuruFocus' analysis, Merit Medical Systems (FRA:MM3) is currently considered Modestly Undervalued. The stock's GF Value™ is €83.48, compared to a current price of €60.50 — trading 27.5% below its estimated fair value. The current PEG Ratio is 0.76, which is 75% below median its 10-year median of 3.05 and 62.6% below the Medical Devices & Instruments industry median of 2.03. Merit Medical Systems' overall GF Score™ is 86/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PEG Ratio calculated?
PEG Ratio is calculated from a company's financial statements. For Merit Medical Systems (FRA:MM3), the current PEG Ratio is 0.76 as of Jul. 01, 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 Merit Medical Systems (FRA:MM3) Overvalued in 2026?
Based on GuruFocus' analysis, Merit Medical Systems stock appears to be undervalued.
The current stock price of €60.50 is trading 27.5% below its estimated GF Value™ of €83.48.
GuruFocus considers Merit Medical Systems to be Modestly Undervalued.
Key valuation signals for FRA:MM3:
PEG Ratio: 0.76 (75% below median its 10-year median of 3.05)
GF Value™: €83.48 vs. price of €60.50 (27.5% below fair value)
Industry Position: 62.6% below the Medical Devices & Instruments median (#41 of 207)
No single metric tells the full story. See the FRA:MM3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merit Medical Systems Inc is a medical equipment company that develops and manufactures products for interventional cardiology, radiology, and endoscopy procedures. The firm reports two segments which are Cardiovascular and Endoscopy. The majority of the revenue is earned from the Cardiovascular segment which consists of cardiology and radiology medical device products that assist in diagnosing and treating coronary artery disease, peripheral vascular disease, and other non-vascular diseases and includes embolotherapeutic, cardiac rhythm management, electrophysiology, critical care, and interventional oncology and spine devices.
86GF Score
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