Obermatt

Novo Nordisk

CPH:NOVO B · DK0062498333
PharmaceuticalsXX-Large

360

55
EV / EBIT69
Price / Owner Earnings71
Owner Earnings Yield74
Dividend Yield93
Price/Sales35
EV / Gross Profit64
Price/Book21
Return on Capital100
Cash Return on Capital94
Return on Equity99
EBIT Margin99
Gross Profitability88
Cash Conversion12
Accruals5
Owner Earnings Margin78
Sales growth11
Profit Growth96
Long-Term EPS Growth14
Owner Earnings Growth74
Reinvestment20
Price momentum14
Debt load23
Refinancing10
Debt Payback45
Liquidity77
Analyst ratings7
Opinion Changes52
Price Target Upside47
Market mood98
Value Creation18/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Novo Nordisk generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryDenmark
IndustryPharmaceuticals
SizeXX-Large
TypePublic Company
ExchangeCPSE
Employees55,784
ISINDK0062498333
Last UpdateApr 2, 2026
Themes
CardiovascularDiabetesObesityEndocrinologyBiotechnologyHealth CareMedicalPharmaceutical

Description

Novo Nordisk A/S (Novo Nordisk) operates as a global healthcare company. The company manufactures and markets pharmaceutical products and services that make a significant difference to patients, the medical profession and society. The company has a…

Analysis

Bargain bin

Novo Nordisk A/S falls in the bargain bin: the price is low relative to peers, but the business metrics give reason to pause. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is fair. You pay 16.2× its owner earnings: the cash an owner could take out each year, which is in the historically fair zone. At today's price, the market is assuming roughly 3% yearly growth; analysts expect 4%. The price, in other words, assumes less than the experts do.

The trajectory is tepid and the balance sheet is sturdy. The company scores 18/20 on our value-creation score: strong value creator. Analyst sentiment is cautious.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
12
2023202420252026

All-time high

55

Jun 2023

All-time low

1

Mar 2026

Average rank

14

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
35
7
7
13
Price/Earnings
33
14
11
17
Price/Book
21
1
1
1
Dividend Yield
93
88
57
61
Value (overall)
51
42
7
13

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →