Back to rankings

NOVO NORDISK A/S (NVO)

NEUTRAL
HealthcareDrug Manufacturers - GeneralDenmark

Fundamental

62

Price

$306.15

Market Cap

$1.33T

Part 1 · What the company is worth

Overview

Novo Nordisk A/S, together with its subsidiaries, engages in the research and development, manufacture, and distribution of pharmaceutical products. It operates through two segments, Obesity and Diabetes Care, and Rare Disease. The Obesity and Diabetes care segment provides products for diabetes, obesity, cardiovascular, and other emerging therapy areas. The Rare Disease segment offers products in the areas of rare blood disorders, rare endocrine disorders, and hormone replacement therapy. The company also provides NovoPen 6 and NovoPen Echo Plus, smart insulin pens; Dose Check, an insulin dose guidance application; growth hormone pens and injection needles; and Wegovy pill an oral glucagon-like peptide-1 (GLP-1) receptor agonist therapy for weight management. It operates in Europe, Canada, the United States, Japan, Korea, Oceania, Southeast Asia, Mainland China, Hong Kong and Taiwan, Latin America, the Middle East, and Africa. Novo Nordisk A/S was founded in 1923 and is headquartered in Bagsvaerd, Denmark.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

No editorial profile for this company yet

No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$329.43B

Trailing 12 months (through 6/30/2026)

Net Income

$116.44B

Trailing 12 months (through 6/30/2026)

Free Cash Flow

$37.67B

Total Equity

$167.27B

Total Liabilities

$140.13B

Current Ratio

0.87

Interest Coverage

-

Debt/EBITDA

0.81

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

Fairly Valued

Fair Value

$363.48

Current Price

$306.15

Margin of Safety

+15.8%

Fair Value Range

$236.26 - $490.69

Estimation Methods

Analyst Target:$309.73
DCF:$223.79
PE-based:$377.21
Graham Growth:$1151.28
EPV:$168.51
Analyst Consensus:Hold (13B / 22H / 2S)
Last Earnings Surprise:-5.65%

Valuation Metrics

P/E Ratio

11.44

ROE

59.8%

P/B Ratio

6.01

P/FCF

26.69

Gross Margin

82.0%

ROIC

36.0%

Profitability Radar

Value Creation (Economic Moat)

ROIC

36.0%

WACC

13.6%

ROIC − WACC

+22.4 pp

ROIC exceeds the cost of capital — the company is creating value for shareholders.

Fundamental Analysis Criteria

Passed (13)

  • Price CAGR 9.30%
  • ROIC 36.0%
  • Gross Margin 82.0%
  • P/FCF 26.69
  • Debt/Equity ratio
  • Positive Free Cash Flow
  • Current Ratio
  • Debt/EBITDA
  • ROE 59.1%
  • Revenue Growth 5Y 19.5%
  • Earnings Surprise avg 2.9%
  • PEG Ratio 0.55
  • Earnings Quality (OCF/NI) 1.29

Failed (6)

  • P/B Ratio 6.01
  • CapEx intensity
  • DCF valuation (Overvalued)
  • Analyst Consensus 35% Buy
  • Net Margin Trend 33.1% vs 34.8%
  • Piotroski F-Score 2/9

Unavailable (8)

  • EPS data insufficient
  • Dividend Payout NaN%
  • Operating Margin NaN%
  • Interest Coverage
  • Return on Tangible Assets
  • Low reliance on intangibles
  • Price below Graham Number
  • Share Dilution (missing shares data)

Piotroski F-Score

2/9

Serious financial concerns

score
criteria

Earnings Quality

1.29

High quality: earnings backed by cash

Share Dilution

-

Buying back shares. Shareholder friendly

Governance

Executive Team

NameTitleAge
Mr. Karsten Munk KnudsenExecutive VP, CFO & Member of the Management Board54
Mr. Maziar Mike Doustdar B.A.President, CEO & Member of the Management Board55
Dr. Martin Holst LangeEVP of R&D, Chief Scientific Officer and Member of the Management Board55
Ms. Tania SabroeEVP of People, Organisation and Corporate Affairs & Member of Management Board48
Ms. Thilde Hummel BogebjergExecutive VP of Enterprise IT & Quality and Member of Management Board43
Mr. John F. KuckelmanSVP, Group General Counsel, Global Legal, IP & Security and Member of Management Board53
Mr. Emil Kongshoej LarsenEVP of International Operations & Member of Management Board50
Ms. Elin JagerSVP, Chief of Staff to CEO, Corporate Strategy & Sustainability and Member of Management Board39
Mr. Jamey MillarExecutive VP of US Operations & Member of Management Board57
Ms. Hong ChowExecutive VP of Product & Portfolio Strategy and Member of Management Board54

Audit Risk

2

Board Risk

5

Compensation Risk

1

Shareholder Rights Risk

9

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Latest News

Recent headlines for NVO, sourced from Markets Gazette.

  • 20d agoPOSITIVE
    Wegovy Profitability Will Keep Improving, Novo CEO Says (Video)

    Novo Nordisk's CEO has stated that the profitability of its blockbuster weight-loss drug, Wegovy, is expected to continue improving. This optimistic outlook suggests strong future earnings potential for the company, driven by sustained demand and potentially enhanced pricing power or cost efficiencies related to Wegovy production and distribution. Investors will be watching for continued sales growth and margin expansion, which could further bolster the company's valuation and market position in the lucrative obesity treatment sector.

  • 20d agoNEUTRAL
    Novo Not Discussing Further Pill Discounts, CEO Says

    Novo Nordisk's CEO, Mike Doustdar, stated the company is not currently discussing further discounts for its popular Wegovy weight-loss pill. This comes after Wegovy's sales performance reportedly fell short of investor expectations. While the company is not offering deeper price reductions, the CEO's comments provide clarity on their current pricing strategy. Investors will be monitoring future sales figures and the company's ability to meet market demand without further compromising margins.

  • 21d agoNEGATIVE
    Novo Nordisk stock is sliding again — and the Wegovy pill’s surprise miss is partly to blame

    Novo Nordisk's stock experienced a significant decline following a surprise miss in its Wegovy pill sales, despite the company also announcing an improved outlook for the year. The discrepancy between the drugmaker's sales performance for its blockbuster weight-loss drug and its overall financial projections has unsettled investors. The market is scrutinizing the specific reasons behind the Wegovy miss, which could indicate competitive pressures or supply chain issues impacting future revenue streams. This mixed signal, with a specific product underperforming against a generally positive company forecast, creates uncertainty and has led to a sell-off.

  • 21d agoPOSITIVE
    Novo Nordisk Boosts Forecast on Soaring GLP-1 Sales

    Novo Nordisk A/S has elevated its financial outlook for the second time this year, driven by robust sales performance of its GLP-1 based obesity and diabetes drugs. The Danish pharmaceutical giant's continued success in these high-demand therapeutic areas underscores the significant market penetration and patient adoption of its innovative treatments. This upward revision in forecast suggests strong underlying demand and potentially higher-than-anticipated revenue streams, signaling a positive trajectory for the company and its shareholders.

  • 25d agoNEGATIVE
    Novo Nordisk’s stock slumps after failed trial — adding to the company’s woes

    Novo Nordisk's stock experienced a significant decline on Friday following the announcement of a failed Phase 3 clinical trial. While specific details of the trial were not disclosed, the setback adds to recent challenges faced by the Danish pharmaceutical giant. This news is likely to impact investor sentiment and could lead to downward revisions in earnings forecasts, particularly if the failed trial pertains to a key pipeline drug. Investors will be closely monitoring the company's next steps and any further disclosures regarding the trial's implications for its long-term growth strategy.

  • 7/21/2026NEUTRAL
    Novo Nordisk’s lawsuit against Eli Lilly over ads highlights intense competition in GLP-1 market

    Novo Nordisk has filed a lawsuit against Eli Lilly, alleging that Lilly's advertisements for its GLP-1 drugs fail to include the most current clinical data. This legal action underscores the fierce competition in the rapidly expanding GLP-1 market, primarily driven by the success of Novo Nordisk's Ozempic and Wegovy, and Eli Lilly's Mounjaro and Zepbound. While the lawsuit itself does not immediately impact sales or clinical efficacy, it highlights the strategic maneuvers and heightened tensions between the two pharmaceutical giants as they vie for market share in the lucrative obesity and diabetes treatment space. Investors will monitor the legal proceedings for any potential implications on market positioning or future product launches.

via Markets Gazette