MRK

Stock

Merck & Co., Inc.

One email when a drop — in price or in valuation — is historically rare for MRK. Otherwise we stay quiet.

Typical

Nothing to see here.

Merck & Co., Inc. is 4.6% off its high — within its normal range (its pullbacks average 4.2%). Whatever the news says today, this isn't historically significant.

Price $123.61 · as of Jul 15, 2026All-time high $129.56Drawdown -4.6%Severity Score™ 1.0
🟢

Typical

Current Drawdown

-4.6%

Days in Drawdown

8

Avg Max Drawdown

4.2%

Avg Length

54

Drawdown Severity Score™

1.0

MRK - Price & High Water Mark

MRK - Drawdown Timeline

How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.

Valuation vs Its Own History

Data as of July 12, 2026 · updated daily

Where today's valuation sits within MRK's own multi-year range, scored with the same Drawdown Severity Score language as price, measured from its typical level rather than its record high — a higher score means it has rarely been cheaper. This is context, not a recommendation.

Price to Sales

4.7xSeverity Score 0.0 · In or above its typical range
Low: 1.8xMedian: 3.9xHigh: 5.6x

Merck & Co., Inc. has been cheaper on this measure only about 87% of the time in 20 years of daily history.

16.9% below its highest Price to Sales reading · high date March 28, 2024

Price to Sales history

EV to EBITDA

14.4xSeverity Score 0.1 · In or above its typical range
Low: 5.8xMedian: 13.0xHigh: 53.7x

Merck & Co., Inc. has been cheaper on this measure only about 67% of the time in 20 years of daily history.

73.1% below its highest EV to EBITDA reading · high date March 28, 2024

EV to EBITDA history · log scale

How we measure valuation

Merck & Co., Inc. (MRK) Analysis: Current Drawdown Insights

Merck & Co., Inc. is trading slightly below its recent peak. As of 2026-07-15, the stock price is $123.61, just 4.6% below its all-time high of $129.56.

Based on its full tracked price history, Merck & Co., Inc. typically experiences drawdowns averaging 4.2% in depth, with an average duration of 54 days. Merck & Co., Inc. has gone through 265 total drawdown events in its tracked history. The largest drawdown on record for Merck & Co., Inc. was 68.6%, beginning in 2000. The longest drawdown duration on record was 4789 days.

The Drawdown Severity Score™ for Merck & Co., Inc. currently stands at 0.99. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score below 2.0 indicates a normal drawdown within the stock's typical range: a routine pullback.

Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing Merck & Co., Inc.'s historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.

📜 Historical Drawdown Events

Current drawdown shown in blue. Showing the most recent and the deepest of 265 tracked pullbacks (65 listed).

Start DateEnd DateDurationMax DepthStart PriceLowest PriceRecovery Price
2026-07-07Ongoing8 days-4.6%$129.56$123.61n/a
2026-06-302026-07-023 days-3.1%$129.38$125.37$129.56
2024-06-252026-06-26732 days-43.4%$127.36$72.03$128.38
2024-04-012024-06-2485 days-5.6%$125.64$118.58$127.36
2024-02-262024-03-2730 days-6.3%$122.48$114.75$125.45
2024-02-202024-02-212 days-0.3%$120.91$120.51$121.22
2024-02-082024-02-169 days-1.7%$120.61$118.59$120.91
2024-02-052024-02-062 days-0.2%$119.61$119.39$120.05
2024-01-312024-02-012 days-0.7%$115.11$114.28$119.58
2024-01-242024-01-252 days-0.8%$113.39$112.48$113.66
2024-01-112024-01-199 days-0.6%$112.46$111.77$112.49
2023-05-092024-01-04241 days-14.2%$109.72$94.11$110.71
2023-05-042023-05-085 days-0.7%$109.57$108.78$109.72
2023-04-262023-05-027 days-2.7%$108.00$105.13$109.26
2023-04-142023-04-2411 days-1.3%$107.12$105.78$107.46
2023-01-092023-04-1394 days-10.4%$105.70$94.75$107.12
2022-12-282023-01-059 days-1.2%$103.20$102.00$104.60
2022-12-152022-12-239 days-2.1%$102.67$100.51$102.96
2022-12-092022-12-135 days-1.9%$101.36$99.46$101.41
2022-12-012022-12-088 days-1.1%$100.69$99.60$101.36
2022-11-232022-11-253 days-0.1%$97.75$97.67$98.29
2022-11-112022-11-177 days-3.9%$93.16$89.57$93.55
2022-11-012022-11-088 days-2.4%$92.53$90.29$92.81
2022-10-192022-10-213 days-1.8%$86.51$84.98$87.48
2022-07-182022-10-1893 days-10.3%$86.13$77.29$86.51
2022-06-282022-07-1518 days-3.4%$85.64$82.70$86.13
2022-05-252022-06-2734 days-10.2%$85.15$76.47$85.64
2022-05-182022-05-203 days-1.0%$83.67$82.85$84.17
2022-05-132022-05-164 days-0.5%$81.72$81.34$83.06
2021-11-052022-05-11188 days-20.2%$79.98$63.85$80.24
2021-11-032021-11-042 days-0.4%$78.64$78.34$79.98
2021-11-012021-11-022 days-0.2%$77.78$77.60$78.64
2021-10-052021-10-2824 days-7.2%$73.41$68.15$76.46
2020-01-032021-10-04640 days-27.3%$73.25$53.28$73.41
2019-12-242020-01-0210 days-0.9%$73.01$72.38$73.25
2019-12-172019-12-182 days-0.3%$71.06$70.84$71.32
2019-12-112019-12-122 days-0.1%$70.43$70.33$70.80
2019-12-092019-12-102 days-0.1%$70.23$70.13$70.43
2019-11-292019-12-046 days-0.7%$69.25$68.80$70.09
2019-11-012019-11-2626 days-4.4%$68.50$65.51$69.03
2019-08-222019-10-3171 days-6.0%$68.24$64.14$68.50
2019-07-052019-08-2148 days-8.3%$68.23$62.60$68.24
2019-06-252019-07-028 days-2.3%$67.14$65.59$67.14
2019-06-202019-06-245 days-0.9%$67.02$66.40$67.14
2019-06-132019-06-175 days-1.0%$65.29$64.66$65.41
2019-04-022019-06-1272 days-12.1%$64.97$57.09$65.29
2019-03-222019-03-298 days-0.8%$64.70$64.18$64.87
2019-03-182019-03-192 days-0.3%$63.62$63.45$63.89
2019-03-062019-03-148 days-2.3%$63.29$61.82$63.56
2019-03-042019-03-052 days-0.3%$63.26$63.04$63.29
2019-02-252019-02-284 days-0.5%$62.57$62.27$62.98
2017-09-182018-07-30316 days-18.2%$49.31$40.32$49.52
2015-01-202016-08-05563 days-21.3%$43.09$33.92$45.88
2000-12-292014-02-074789 days-68.6%$36.24$11.37$36.34
1999-03-232000-10-23580 days-36.5%$32.09$20.38$32.30
1998-12-091999-02-2276 days-13.4%$29.38$25.46$30.27
1998-07-211998-09-2365 days-16.2%$25.42$21.30$25.56
1998-04-031998-06-2987 days-14.8%$24.22$20.64$24.38
1997-07-181997-12-16152 days-20.0%$19.28$15.42$19.45
1997-02-141997-06-19125 days-17.8%$17.83$14.65$18.01
1996-02-151996-09-26224 days-18.9%$12.37$10.03$12.60
1992-01-061995-07-281299 days-47.2%$8.83$4.66$8.91
1990-07-201990-12-31165 days-18.3%$4.57$3.73$4.61
1990-01-041990-05-17133 days-15.4%$3.99$3.38$4.01
1987-09-041989-05-12617 days-32.8%$3.44$2.31$3.46
1986-08-191986-12-10114 days-15.7%$1.80$1.52$1.80

How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).

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Or explore current drawdowns:

Merck & Co., Inc. (MRK) is trading at $123.61 as of Jul 15, 2026. It is 4.6% below its high of $129.56. The drawdown has lasted 8 days. Severity score: 1.0 (Typical).

MRK Price History and Drawdown Data

Latest price

$123.61

High-water mark

$129.56

Current drawdown

-4.6%

Days in drawdown

8

This MRK page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior Merck & Co., Inc. drawdowns.

What History Says About MRK

Merck & Co., Inc. has dropped 20%+ from its high 8 times in its tracked history. These events lasted an average of 1176 days with an average max drop of -37.2%.

The current drawdown of -4.6% has lasted 8 days, which is within the typical range for comparable events.

PeriodMax DropDuration
Dec 2000 to Feb 2014-68.6%4789 days
Jan 1992 to Jul 1995-47.2%1299 days
Jun 2024 to Jun 2026-43.4%732 days
Mar 1999 to Oct 2000-36.5%580 days
Sep 1987 to May 1989-32.8%617 days
Jan 2020 to Oct 2021-27.3%640 days

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