Novo Nordisk A/S banner

Novo Nordisk A/S
F:NOVC

Watchlist Manager
Novo Nordisk A/S Logo
Novo Nordisk A/S
F:NOVC
Watchlist
Price: 90.7 EUR -1.52%
Market Cap: €203.5B

EV/EBIT

9.3
Current
64%
Cheaper
vs 3-y average of 25.6

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
9.3
=
Enterprise Value
€1.2T
/
EBIT
kr127.7B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
9.3
=
Enterprise Value
€1.2T
/
EBIT
kr127.7B

Valuation Scenarios

Novo Nordisk A/S is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (25.6), the stock would be worth €248.63 (174% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+174%
Average Upside
103%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 9.3 €90.7
0%
3-Year Average 25.6 €248.63
+174%
5-Year Average 23.4 €227.23
+151%
Industry Average 13.4 €130.47
+44%
Country Average 13.6 €131.95
+45%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
€1.2T
/
Jan 2026
kr127.7B
=
9.3
Current
€1.2T
/
Dec 2026
kr122.4B
=
9.4
Forward
€1.2T
/
Dec 2027
kr123.8B
=
9.3
Forward
€1.2T
/
Dec 2028
kr135.4B
=
8.5
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
DK
Novo Nordisk A/S
F:NOVC
1.1T EUR 9.3 10.8
US
Eli Lilly and Co
NYSE:LLY
853.2B USD 29.8 41.3
US
Johnson & Johnson
NYSE:JNJ
544.6B USD 21.2 25.9
CH
Roche Holding AG
SIX:ROG
248.4B CHF 13.1 19.6
UK
AstraZeneca PLC
LSE:AZN
225.8B GBP 22.7 29.2
CH
Novartis AG
SIX:NOVN
222.8B CHF 15.9 20
US
Merck & Co Inc
NYSE:MRK
278.5B USD 11.6 15.3
IE
Endo International PLC
LSE:0Y5F
244.4B USD 970 -83.6
US
Pfizer Inc
NYSE:PFE
155.3B USD 10.2 20
US
Bristol-Myers Squibb Co
NYSE:BMY
119.6B USD 8.8 17
FR
Sanofi SA
PAR:SAN
97.9B EUR 10.5 12.6
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
DK
Novo Nordisk A/S
F:NOVC
Average EV/EBIT: 102.1
9.3
2%
4.7
US
Eli Lilly and Co
NYSE:LLY
29.8
22%
1.4
US
Johnson & Johnson
NYSE:JNJ
21.2
13%
1.6
CH
Roche Holding AG
SIX:ROG
13.1
6%
2.2
UK
AstraZeneca PLC
LSE:AZN
22.7
21%
1.1
CH
Novartis AG
SIX:NOVN
15.9
9%
1.8
US
Merck & Co Inc
NYSE:MRK
11.6
6%
1.9
IE
E
Endo International PLC
LSE:0Y5F
970
N/A N/A
US
Pfizer Inc
NYSE:PFE
10.2
-4%
N/A
US
Bristol-Myers Squibb Co
NYSE:BMY
8.8
-7%
N/A
FR
Sanofi SA
PAR:SAN
10.5
12%
0.9
P/E Multiple
Earnings Growth PEG
DK
Novo Nordisk A/S
F:NOVC
Average P/E: 21.2
10.8
0%
N/A
US
Eli Lilly and Co
NYSE:LLY
41.3
32%
1.3
US
Johnson & Johnson
NYSE:JNJ
25.9
8%
3.2
CH
Roche Holding AG
SIX:ROG
19.6
14%
1.4
UK
AstraZeneca PLC
LSE:AZN
29.2
25%
1.2
CH
Novartis AG
SIX:NOVN
20
14%
1.4
US
Merck & Co Inc
NYSE:MRK
15.3
14%
1.1
IE
E
Endo International PLC
LSE:0Y5F
Negative Multiple: -83.6 N/A N/A
US
Pfizer Inc
NYSE:PFE
20
22%
0.9
US
Bristol-Myers Squibb Co
NYSE:BMY
17
16%
1.1
FR
Sanofi SA
PAR:SAN
12.6
16%
0.8

Market Distribution

Lower than 88% of companies in Denmark
Percentile
12th
Based on 367 companies
12th percentile
1.7
Low
0.8 — 6.6
Typical Range
6.6 — 19.5
High
19.5 —
Distribution Statistics
Denmark
Min 0.8
30th Percentile 6.6
Median 13.6
70th Percentile 19.5
Max 473.6

Novo Nordisk A/S
Glance View

In the heart of Denmark, Novo Nordisk A/S stands as a beacon of innovation in the pharmaceutical industry, tracing its roots back to the early 20th century when it began as a small insulin-producing laboratory. This company, now a global heavyweight, is renowned for its dedication to diabetes care, a commitment that has driven its meteoric rise. Novo Nordisk's operations are deeply entrenched in the discovery, development, and production of medicines aimed at treating chronic diseases such as diabetes, obesity, and rare blood and endocrine disorders. Their prowess in biotechnology is not only evident in their diverse product portfolio but also in their relentless pursuit of new therapeutics through cutting-edge research and development, underscoring their mantra of improving the quality of life for millions across the globe. At its core, Novo Nordisk's business model is a sophisticated blend of patient-centric innovation and strategic market outreach. Sales of insulin and GLP-1 receptor agonists form the backbone of their revenue, targeting a growing global demographic faced with diabetes and related metabolic conditions. Their manufacturing process is a finely-tuned system that transforms complex scientific discoveries into tangible, effective treatments. Through strategic pricing, partnerships, and expansion in both mature and emerging markets, Novo Nordisk skillfully maneuvers the intricate web of global healthcare demands. By leveraging a robust pipeline of new drugs and improving access to existing therapies, the company not only secures its financial health but also ensures that its impact on healthcare remains profound and far-reaching.

NOVC Intrinsic Value
115.66 EUR
Undervaluation 22%
Intrinsic Value
Price €90.7
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett