Obermatt

Roche

VTX:ROG · CH0012032048
PharmaceuticalsXX-Large

360

84
EV / EBIT63
Price / Owner Earnings46
Owner Earnings Yield57
Dividend Yield81
Price/Sales55
EV / Gross Profit44
Price/Book22
Return on Capital91
Cash Return on Capital90
Return on Equity89
EBIT Margin85
Gross Profitability82
Cash Conversion56
Accruals44
Owner Earnings Margin70
Sales growth20
Profit Growth100
Long-Term EPS Growth52
Owner Earnings Growth79
Reinvestment34
Price momentum57
Debt load19
Refinancing37
Debt Payback51
Liquidity67
Analyst ratings22
Opinion Changes50
Price Target Upside57
Market mood79
Value Creation16/20strong 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

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

Profile

CountrySwitzerland
IndustryPharmaceuticals
SizeXX-Large
TypePublic Company
ExchangeSWX
Employees64,789
Websiteroche.com
ISINCH0012032048
Last UpdateApr 2, 2026
Themes
ImmunologyOphthalmologyNeurologyHealth DiagnosticsDiabetesHematologyInfectious DiseasesRespiratoryDermatologyOncologyBiotechnologyHealth CareScience and Engineering

Description

Roche Holding AG engages in the pharmaceuticals and diagnostics businesses. Business Segments The company operates through two primary business segments: Pharmaceuticals and Diagnostics. Pharmaceuticals This segment is the cornerstone of the comp…

Analysis

Quality compounder

Roche Holding AG earns the quality_compounder label: good underlying economics priced fairly, with no obvious bargain or excess. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is fair. The owner-earnings multiple stands at 21.2×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 7% a year, against analyst forecasts of 10%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is sturdy. The company scores 16/20 on our value-creation score: strong value creator.

Flags to be aware of: 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
29
2023202420252026

All-time high

30

May 2024

All-time low

6

Dec 2025

Average rank

17

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
55
31
39
36
Price/Earnings
47
56
70
58
Price/Book
22
10
12
10
Dividend Yield
81
74
94
92
Value (overall)
69
36
59
55

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 →