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Novartis AG
SIX:NOVN

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Novartis AG
SIX:NOVN
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Price: 120.24 CHF -1.26%
Market Cap: CHf230.7B

Relative Value

The Relative Value of one NOVN stock under the Base Case scenario is 105.21 CHF. Compared to the current market price of 120.24 CHF, Novartis AG is Overvalued by 13%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

NOVN Relative Value
Base Case
105.21 CHF
Overvaluation 13%
Relative Value
Price
Worst Case
Base Case
Best Case

Multiples Across Competitors

NOVN Competitors Multiples
Novartis AG Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CH
Novartis AG
SIX:NOVN
231.4B CHF 5.3 21.3 13.2 16.9
US
Eli Lilly and Co
NYSE:LLY
879B USD 13.5 42.6 28.7 30.7
US
Johnson & Johnson
NYSE:JNJ
573.4B USD 6.1 21.4 14.9 18.3
CH
Roche Holding AG
SIX:ROG
257.8B CHF 4.2 20 11.8 13.3
UK
AstraZeneca PLC
LSE:AZN
224B GBP 5.1 29.2 16.2 22.8
US
Merck & Co Inc
NYSE:MRK
286.7B USD 4.4 15.7 9.7 11.9
IE
Endo International PLC
LSE:0Y5F
240.1B USD 103.6 -82.1 380.1 953.2
DK
Novo Nordisk A/S
CSE:NOVO B
1.1T DKK 3.5 10.6 7.8 9.2
US
Pfizer Inc
NYSE:PFE
156.1B USD 2.5 20.1 7.7 10.3
US
Bristol-Myers Squibb Co
NYSE:BMY
120.2B USD 2.5 17.1 7.2 8.8
UK
GlaxoSmithKline PLC
LSE:GSK
81.7B GBP 2.5 14.2 7.9 9.9
P/E Multiple
Earnings Growth PEG
CH
Novartis AG
SIX:NOVN
Average P/E: 21.2
21.3
14%
1.5
US
Eli Lilly and Co
NYSE:LLY
42.6
32%
1.3
US
Johnson & Johnson
NYSE:JNJ
21.4
7%
3.1
CH
Roche Holding AG
SIX:ROG
20
14%
1.4
UK
AstraZeneca PLC
LSE:AZN
29.2
26%
1.1
US
Merck & Co Inc
NYSE:MRK
15.7
14%
1.1
IE
E
Endo International PLC
LSE:0Y5F
Negative Multiple: -82.1 N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
10.6
1%
10.6
US
Pfizer Inc
NYSE:PFE
20.1
22%
0.9
US
Bristol-Myers Squibb Co
NYSE:BMY
17.1
16%
1.1
UK
GlaxoSmithKline PLC
LSE:GSK
14.2
14%
1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CH
Novartis AG
SIX:NOVN
Average EV/EBITDA: 45.9
13.2
5%
2.6
US
Eli Lilly and Co
NYSE:LLY
28.7
22%
1.3
US
Johnson & Johnson
NYSE:JNJ
14.9
2%
7.4
CH
Roche Holding AG
SIX:ROG
11.8
6%
2
UK
AstraZeneca PLC
LSE:AZN
16.2
13%
1.2
US
Merck & Co Inc
NYSE:MRK
9.7
3%
3.2
IE
E
Endo International PLC
LSE:0Y5F
380.1
N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
7.8
1%
7.8
US
Pfizer Inc
NYSE:PFE
7.7
-9%
N/A
US
Bristol-Myers Squibb Co
NYSE:BMY
7.2
-10%
N/A
UK
GlaxoSmithKline PLC
LSE:GSK
7.9
3%
2.6
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CH
Novartis AG
SIX:NOVN
Average EV/EBIT: 100.5
16.9
9%
1.9
US
Eli Lilly and Co
NYSE:LLY
30.7
22%
1.4
US
Johnson & Johnson
NYSE:JNJ
18.3
7%
2.6
CH
Roche Holding AG
SIX:ROG
13.3
5%
2.7
UK
AstraZeneca PLC
LSE:AZN
22.8
21%
1.1
US
Merck & Co Inc
NYSE:MRK
11.9
6%
2
IE
E
Endo International PLC
LSE:0Y5F
953.2
N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
9.2
3%
3.1
US
Pfizer Inc
NYSE:PFE
10.3
-4%
N/A
US
Bristol-Myers Squibb Co
NYSE:BMY
8.8
-7%
N/A
UK
GlaxoSmithKline PLC
LSE:GSK
9.9
6%
1.6
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett