Merit Medical Systems Inc (MMSI)

NASD · Healthcare · Medical Instruments & Supplies · USA

Merit Medical Systems Inc is a mid cap company (market value between $2 billion and $10 billion) in the Medical Instruments & Supplies industry.

Merit Medical Systems creates proprietary instruments for minimally invasive procedures performed in cardiology, radiology, oncology, critical care and endoscopy. Operating through cardiovascular and endoscopy segments, the company offers vascular access products, catheters, guide wires, drainage systems and biopsy tools. Its products serve medical facilities and practitioners globally.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the Merit Medical Systems Inc stock.

Our verdict on MMSI

Overvalued: intrinsic value $67.19 per share, market price $89.96, margin of safety -33.9% (as of 2026-10-19).

Discounting its cash flows at 8.1% (average of 3 methods) values the shares at $67.19; the price of $89.96 is 34% above that value, and 79% of that value comes from beyond year five.

Leak Score: 45/100 on 12 of 12 signals (On Watch).

ETFs with the most weight in MMSI

17 more funds hold it; the full list is part of the paid plan.

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Cheaper than MMSI in Medical Instruments & Supplies

5 more in this industry show a wider margin of safety.

Is MMSI undervalued or overvalued?

MMSI is overvalued (as of the 2026-10-19 close). Discounting its cash flows at 8.1% (average of 3 methods) values the shares at $67.19; the price of $89.96 is 34% above that value, and 79% of that value comes from beyond year five.

What is the intrinsic value of MMSI?

$67.19 per share (as of the 2026-10-19 close), against a market price of $89.96. That is a margin of safety of -33.9%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.

What is Merit Medical Systems Inc's Leak Score?

45 out of 100, which we rate "On Watch", on 12 of 12 value investing signals.