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Novartis AG
DUS:NOT

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Novartis AG
DUS:NOT
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Price: 122.46 EUR -2.41% Market Closed
Market Cap: €251.7B

P/B

5.9
Current
16%
More Expensive
vs 3-y average of 5.1

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
5.9
=
Market Cap
€236.4B
/
Total Equity
$46.1B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
5.9
=
Market Cap
€236.4B
/
Total Equity
$46.1B

Valuation Scenarios

Novartis AG is trading above its 3-year average

If P/B returns to its 3-Year Average (5.1), the stock would be worth €105.46 (14% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-58%
Maximum Upside
+5%
Average Downside
24%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 5.9 €122.46
0%
3-Year Average 5.1 €105.46
-14%
5-Year Average 4.3 €88.1
-28%
Industry Average 6.2 €128.92
+5%
Country Average 2.5 €51.18
-58%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
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Market Distribution

Higher than 80% of companies in Switzerland
Percentile
80th
Based on 1 079 companies
80th percentile
6.4
Low
0 — 1.4
Typical Range
1.4 — 4.5
High
4.5 —
Distribution Statistics
Switzerland
Min 0
30th Percentile 1.4
Median 2.5
70th Percentile 4.5
Max 69.1

Novartis AG
Glance View

Nestled in the heart of Europe's pharmaceutical landscape, Novartis AG has firmly etched its presence as a beacon of innovation and scientific prowess. This Swiss multinational behemoth, headquartered in Basel, operates at the confluence of research-driven development and cutting-edge technology. At its core, Novartis is devoted to discovering novel therapeutics and delivering them to patients across the globe. The company’s operations span various segments, with Pharmaceuticals and Oncology standing as the pillars of its revenue model. Through these divisions, Novartis vigorously pursues advancements in the treatment of diseases, focusing on areas such as cardiovascular, immunology, neuroscience, respiratory, and oncology. The innovative medicines they develop emerge from robust pipelines bolstered by strategic investments in research and development, propelling them to the forefront of healthcare innovation. Moreover, Novartis leverages a synergy between its Sandoz division, which is known for a strong generics and biosimilars portfolio, and its advanced therapeutic areas in Pharmaceuticals. This duality not only makes the company versatile but also resilient in the face of market volatilities. Unlike many pharmaceutical giants, Novartis prioritizes a hybrid approach by combining cutting-edge biotechnology with a stronghold in cost-effective generics. This model allows Novartis to cater to both the high-margin, innovation-driven segments and the volume-based, lower-margin arenas. Ultimately, their strategic focus is not just on creating the next blockbuster drug but on improving access to healthcare solutions globally, thereby reinforcing its revenue engine while delivering on its mission to reimagine medicine.

NOT Intrinsic Value
123.8 EUR
Undervaluation 1%
Intrinsic Value
Price €122.46
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