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Novo Nordisk A/S
CSE:NOVO B

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Novo Nordisk A/S
CSE:NOVO B
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Price: 278.1 DKK 2.15% Market Closed
Market Cap: kr1.2T

P/S

4
Current
63%
Cheaper
vs 3-y average of 10.9

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
4
=
Market Cap
kr1.1T
/
Revenue
kr309.1B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
4
=
Market Cap
kr1.1T
/
Revenue
kr309.1B

Valuation Scenarios

Novo Nordisk A/S is trading below its 3-year average

If P/S returns to its 3-Year Average (10.9), the stock would be worth kr759.64 (173% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-52%
Maximum Upside
+173%
Average Upside
76%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 4 kr278.1
0%
3-Year Average 10.9 kr759.64
+173%
5-Year Average 9.9 kr687.95
+147%
Industry Average 5.5 kr379.65
+37%
Country Average 1.9 kr132.31
-52%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
kr1.1T
/
Jan 2026
kr309.1B
=
4
Current
kr1.1T
/
Dec 2026
kr291.9B
=
3.6
Forward
kr1.1T
/
Dec 2027
kr302.7B
=
3.5
Forward
kr1.1T
/
Dec 2028
kr321.5B
=
3.3
Forward
kr1.1T
/
Dec 2029
kr337B
=
3.2
Forward
kr1.1T
/
Dec 2030
kr367.2B
=
2.9
Forward
kr1.1T
/
Dec 2031
kr376.8B
=
2.8
Forward
kr1.1T
/
Dec 2032
kr364B
=
2.9
Forward
kr1.1T
/
Dec 2033
kr354.3B
=
3
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
DK
Novo Nordisk A/S
CSE:NOVO B
1.2T DKK 4 12.1
US
Eli Lilly and Co
NYSE:LLY
910.2B USD 14 44.1
US
Johnson & Johnson
NYSE:JNJ
547.1B USD 5.7 26
CH
Roche Holding AG
SIX:ROG
248.4B CHF 4.2 20.1
UK
AstraZeneca PLC
LSE:AZN
209.6B GBP 4.7 27.4
CH
Novartis AG
SIX:NOVN
221.1B CHF 5 20.7
US
Merck & Co Inc
NYSE:MRK
277.6B USD 4.3 15.2
IE
Endo International PLC
LSE:0Y5F
244.4B USD 105.4 -83.6
US
Pfizer Inc
NYSE:PFE
149.7B USD 2.4 19.3
US
Bristol-Myers Squibb Co
NYSE:BMY
117.2B USD 2.4 16.6
FR
Sanofi SA
PAR:SAN
96.5B EUR 1.7 10.2
P/E Multiple
Earnings Growth PEG
DK
Novo Nordisk A/S
CSE:NOVO B
Average P/E: 21.2
12.1
0%
N/A
US
Eli Lilly and Co
NYSE:LLY
44.1
32%
1.4
US
Johnson & Johnson
NYSE:JNJ
26
8%
3.3
CH
Roche Holding AG
SIX:ROG
20.1
14%
1.4
UK
AstraZeneca PLC
LSE:AZN
27.4
25%
1.1
CH
Novartis AG
SIX:NOVN
20.7
14%
1.5
US
Merck & Co Inc
NYSE:MRK
15.2
14%
1.1
IE
E
Endo International PLC
LSE:0Y5F
Negative Multiple: -83.6 N/A N/A
US
Pfizer Inc
NYSE:PFE
19.3
22%
0.9
US
Bristol-Myers Squibb Co
NYSE:BMY
16.6
16%
1
FR
Sanofi SA
PAR:SAN
10.2
16%
0.6

Market Distribution

Higher than 76% of companies in Denmark
Percentile
76th
Based on 438 companies
76th percentile
4
Low
0.1 — 1.3
Typical Range
1.3 — 3.5
High
3.5 —
Distribution Statistics
Denmark
Min 0.1
30th Percentile 1.3
Median 1.9
70th Percentile 3.5
Max 37.5

Novo Nordisk A/S
Glance View

In the heart of Denmark, Novo Nordisk A/S stands as a beacon of innovation in the pharmaceutical industry, tracing its roots back to the early 20th century when it began as a small insulin-producing laboratory. This company, now a global heavyweight, is renowned for its dedication to diabetes care, a commitment that has driven its meteoric rise. Novo Nordisk's operations are deeply entrenched in the discovery, development, and production of medicines aimed at treating chronic diseases such as diabetes, obesity, and rare blood and endocrine disorders. Their prowess in biotechnology is not only evident in their diverse product portfolio but also in their relentless pursuit of new therapeutics through cutting-edge research and development, underscoring their mantra of improving the quality of life for millions across the globe. At its core, Novo Nordisk's business model is a sophisticated blend of patient-centric innovation and strategic market outreach. Sales of insulin and GLP-1 receptor agonists form the backbone of their revenue, targeting a growing global demographic faced with diabetes and related metabolic conditions. Their manufacturing process is a finely-tuned system that transforms complex scientific discoveries into tangible, effective treatments. Through strategic pricing, partnerships, and expansion in both mature and emerging markets, Novo Nordisk skillfully maneuvers the intricate web of global healthcare demands. By leveraging a robust pipeline of new drugs and improving access to existing therapies, the company not only secures its financial health but also ensures that its impact on healthcare remains profound and far-reaching.

NOVO B Intrinsic Value
445.31 DKK
Undervaluation 38%
Intrinsic Value
Price kr278.1
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