Novo Nordisk A/S Ratios | P/E, ROE & Valuation

On the Key Ratios page for Novo Nordisk A/S (NVO), the latest P/E of 11.5 frames valuation, while ROE 59.09% and ROIC 29.73% indicates profitability and capital efficiency. Together with the current ratio of 0.87 and debt-to-equity 0.63, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

NVO Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$74.40$65.20$51.81$39.06$30.65$27.20$25.70$23.11$22.58$22.09
Net Income per Share$26.30$22.67$18.67$12.26$10.40$9.03$8.20$7.98$7.71$7.50
Operating Cash Flow per Share$30.04$27.16$24.29$17.41$11.97$11.13$9.85$9.22$8.32$9.55
Free Cash Flow per Share$11.05$15.64$15.62$14.16$10.36$6.40$7.49$6.66$6.57$7.91
Cash per Share$10.16$5.91$6.74$5.20$3.81$2.73$3.26$3.23$4.28$4.09
Book Value per Share$49.97$32.22$23.77$18.43$15.40$13.57$12.13$10.71$10.07$8.95
Tangible Book Value per Share$22.41$7.27$10.30$7.08$6.00$9.14$10.90$9.65$9.40$8.41
Interest Debt per Share$32.01$23.51$6.19$5.81$5.89$2.33$1.05$0.12$0.36$0.06
CAPEX per Share$18.99$11.52$8.68$3.26$1.61$4.73$2.37$2.56$1.75$1.63

NVO Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)11.527.5337.438.2735.3523.6323.5719.0621.6616.99
Price to Book (P/B)6.0419.3829.3725.4523.8715.7215.9414.216.5814.23
Price to Sales (P/S)4.079.5713.4712.0111.997.847.526.587.395.76
Enterprise Value to EBITDA8.320.8727.4127.8426.0616.7616.6613.9715.5712.26
EV to Sales4.369.8713.5312.0812.17.827.436.457.245.6
EV to Operating Cash Flow10.7923.728.8527.130.9919.1219.3916.1619.6512.96
EV to Free Cash Flow29.3541.1644.8833.3435.7933.2625.5122.3924.8715.63
Enterprise Value$1435.72B$2867.26B$3142.06B$2137.98B$1704.30B$993.33B$907.01B$721.16B$808.80B$625.92B

NVO Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)59.09%70.38%78.53%66.51%67.50%66.54%67.63%74.52%76.54%83.78%
Return on Invested Capital (ROIC)29.73%38.99%54.20%49.39%43.62%52.28%61.82%67.10%67.30%76.35%
Return on Tangible Assets24.62%28.47%32.94%29.25%31.56%33.91%32.52%36.57%38.50%39.99%
Earnings Yield8.72%3.63%2.67%2.61%2.83%4.23%4.24%5.25%4.62%5.89%
Free Cash Flow Yield3.65%2.51%2.24%3.02%2.82%3.00%3.87%4.37%3.94%6.21%
Dividend Yield2.49%1.59%1.02%1.19%1.27%2.02%2.11%2.59%2.28%3.70%

NVO Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio0.870.740.820.890.860.941.061.091.281.26
Interest Coverage86.8666.53138.8133.83142.69100.23104.76555.86544.08745.11
Income Quality1.141.21.31.421.151.231.21.161.081.27
Debt to Equity0.630.720.250.310.380.160.080.010.030.01
Debt to Assets23.55%22.07%8.59%10.69%13.70%7.15%3.57%0.46%1.66%0.23%
Net Debt to EBITDA0.550.630.110.170.24-0.04-0.2-0.29-0.33-0.36

NVO Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover3.043.323.093.083.013.944.194.164.744.62
Payables Turnover0.411.541.41.832.673.663.162.613.142.86
Inventory Turnover1.241.091.121.171.211.131.141.081.151.2
Days Sales Outstanding120.23109.87118.27118.61121.3292.5487.287.7676.9679.01
Days Payables Outstanding886.26236.49261.32199.99136.8599.69115.53139.98116.13127.69
Days of Inventory on Hand294.02334.89324.65312.91302.72323.22320.54338.46318.24304.63

NVO Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA8.320.8727.4127.8426.0616.7616.6613.9715.5712.26
Market Cap$1340.07B$2780.12B$3129.44B$2124.85B$1688.38B$995.74B$918.00B$736.29B$825.96B$644.38B
Enterprise Value$1435.72B$2867.26B$3142.06B$2137.98B$1704.30B$993.33B$907.01B$721.16B$808.80B$625.92B
Dividend Yield2.49%1.59%1.02%1.19%1.27%2.02%2.11%2.59%2.28%3.70%
Payout Ratio44.64%43.71%37.96%45.57%45.06%47.75%49.83%49.31%49.42%62.83%

Frequently Asked Questions

How does Novo Nordisk A/S’s P/E ratio compare with its history?

On this page, NVO's current P/E is 11.5, compared with a multi-year average around 25.5. A lower P/E versus its own history is a calculated gap versus that average—not a conclusion that the stock is cheap. Pair it with profitability and earnings quality in the table (for example ROE/ROIC) to see whether the multiple moved with earnings.

What is Novo Nordisk A/S market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $1.34T. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does Novo Nordisk A/S’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with Novo Nordisk A/S's own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does Novo Nordisk A/S compare to its competitors in key financial ratios?

The fastest way to compare Novo Nordisk A/S with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Novo Nordisk A/S outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do Novo Nordisk A/S's liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that Novo Nordisk A/S is financially strong. Current ratio is about 0.87, which is below 1.0 and can suggest tighter short-term liquidity. Interest coverage is about 86.86, implying a stronger ability to cover interest expenses. Debt-to-equity is about 0.63, suggesting leverage is more moderate relative to a high-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do Novo Nordisk A/S's financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Novo Nordisk A/S is sustaining strong returns (for example ROE at 59.09% and ROIC at 29.73%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.