10 Blue Chip Stocks with the Lowest PE Ratios

2. Merck & Co., Inc. (NYSE:MRK)

Forward P/E Ratio: 9.48

Number of Hedge Fund Holders: 92

Merck & Co., Inc. (NYSE:MRK) is one of the Blue Chip Stocks to Buy with the Lowest PE Ratios. On September 7, Merck & Co., Inc. (NYSE:MRK) and Daiichi Sankyo announced positive Phase 2 results for Ifinatamab deruxtecan in treating extensive-stage small cell lung cancer.

The trial showed a confirmed objective response rate of 48.2% in 137 previously treated ES-SCLC patients. Management noted that 3 complete responses, 63 partial responses, and 54 cases of stable disease were seen. Moreover, the disease control rate was 87.6% with a median duration of response being 5.3 months and a median overall survival of 10.3 months.

The drug under trial is a potential first-in-class B7-H3-directed antibody-drug conjugate, which is being jointly developed by Merck & Co., Inc. (NYSE:MRK) and Daiichi Sankyo. ES-SCLC is an aggressive cancer with a poor prognosis and limited treatment options after chemotherapy.

Merck & Co., Inc. (NYSE:MRK) is a global healthcare company focused on developing and delivering prescription medicines, vaccines, and animal health products.