Novo Nordisk A/S Class B

Novo Nordisk A/S Class B

35.39
EUR
+0.56
(+1.59%)
3.51EPS
12.00P/E
186.37BMarket Cap
Nov 04Next Earn

Total Valuation

EUR

As of June 30, 2026, Novo Nordisk A/S Class B carries a market capitalization of 186.37B, placing it among publicly traded companies globally. Its enterprise value stands at 199.10B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Market Cap186.37B
Enterprise Value199.10B

Important Dates

Novo Nordisk A/S Class B's next confirmed earnings release is scheduled for November 4, 2026.

Earnings Date11/4/2026

Share Statistics

As of June 30, 2026, Novo Nordisk A/S Class B has 4.42B shares outstanding.

Shares Outstanding4.42B

Valuation Ratios

As of June 30, 2026, Novo Nordisk A/S Class B trades at a trailing price-to-earnings ratio of 12.00. The price-to-sales ratio is 4.24, and the price-to-book ratio stands at 6.29.

PE Ratio12.00
PS Ratio4.24
PB Ratio6.29
P/TBV Ratio14.04
P/FCF Ratio29.28
P/OCF Ratio10.60

Enterprise Valuation

As of June 30, 2026, Novo Nordisk A/S Class B trades at an EV/EBITDA multiple of 9.19 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 4.52 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 10.47 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. Novo Nordisk A/S Class B trades at an EV/FCF ratio of 30.84, comparing the total takeover cost of the business to the cash it actually generates for all capital providers. These enterprise value multiples are built on an enterprise value of 199.10B versus a market cap of 186.37B, with the gap driven by net debt and cash on the balance sheet.

EV / Sales4.52
EV / EBITDA9.19
EV / EBIT10.47
EV / FCF30.84

Financial Position

As of June 30, 2026, Novo Nordisk A/S Class B maintains a current ratio of 0.87, meaning it holds 0.9x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 63.33, indicating elevated leverage, while an interest coverage ratio of 273.09 demonstrates strong ability to service its debt obligations.

Current Ratio0.87
Quick Ratio0.64
Debt / Equity63.33
Debt / EBITDA0.87
Interest Coverage273.09

Financial Efficiency

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Over the twelve months ended June 30, 2026, Novo Nordisk A/S Class B posted a return on equity (ROE) of 59.82, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 33.40 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 21.62, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 37.19, useful for judging operating efficiency across full business cycles. The company generates approximately 623,728.38 in revenue per employee across its workforce of 70,671.00, a quick read on workforce productivity versus industry peers. Inventory turnover of 1.31 indicates how many times Novo Nordisk A/S Class B sells and replaces its inventory over a year, a key working capital efficiency ratio.

Return on Equity (ROE)59.82
Return on Assets (ROA)21.62
Return on Invested Capital (ROIC)33.40
Return on Capital Employed (ROCE)37.19
Revenue Per Employee623,728.38
Employee Count70,671.00
Inventory Turnover1.31

Taxes

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Over the twelve months ended June 30, 2026, Novo Nordisk A/S Class B recorded 4.32B in income tax expense. That works out to an effective tax rate of 21.72, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 19.90B, leaving 15.58B in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

Income Tax4.32B
Effective Tax Rate21.72

Stock Price Statistics

EUR

As of the close on October 22, 2026, Novo Nordisk A/S Class B's stock has declined approximately 22.55% over the past 52 weeks. The 50-day moving average sits at 36.69, while the 200-day moving average is 38.55.

52-Week Price Change-22.55%
50-Day Moving Average36.69
200-Day Moving Average38.55

Income Statement

EUR

Over the twelve months ended June 30, 2026, Novo Nordisk A/S Class B generated 44.08B in revenue and converted that into 15.58B in net income, yielding earnings per share of 3.51. EBITDA reached 21.67B, while operating income came in at 19.01B.

Revenue44.08B
Gross Profit35.55B
Operating Income19.01B
Pretax Income19.90B
Net Income15.58B
EBITDA21.67B
EBIT19.01B
Earnings Per Share (EPS)3.51

Balance Sheet

EUR

As of June 30, 2026, Novo Nordisk A/S Class B holds 6.02B in cash and equivalents against 18.75B in total debt, resulting in a net debt position of 12.80B. Total book value stands at 29.61B, with working capital of -4.07B providing operational flexibility.

Cash & Cash Equivalents6.02B
Total Debt18.75B
Net Debt12.80B
Equity (Book Value)29.61B
Book Value Per Share6.69
Working Capital-4.07B

Cash Flow

EUR

Novo Nordisk A/S Class B produced 17.65B in operating cash flow over the twelve months ended June 30, 2026. After subtracting -11.25B in capital expenditures, free cash flow totaled 6.39B - equivalent to 1.44 per share.

Operating Cash Flow17.65B
Capital Expenditures-11.25B
Free Cash Flow6.39B
FCF Per Share1.44

Margins

Over the twelve months ended June 30, 2026, Novo Nordisk A/S Class B posted a gross margin of 80.65, reflecting its pricing power and cost economics. The operating margin of 43.13 and net profit margin of 35.35 provide insight into operational efficiency.

Gross Margin80.65
Operating Margin43.13
Pretax Margin45.15
Profit Margin35.35
EBITDA Margin49.16

Dividends & Yields

EUR

Over the twelve months ended June 30, 2026, Novo Nordisk A/S Class B paid dividends of 1.57 per share. The dividend payout ratio of 44.64 indicates the proportion of earnings distributed to shareholders, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield stands at 3.42, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield reaches 1.60, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to Novo Nordisk A/S Class B shareholders.

Dividend Per Share1.57
Payout Ratio44.64
Shareholder Yield1.60
FCF Yield3.42

Stock Splits

Novo Nordisk A/S Class B's most recent stock split took place on September 13, 2023 with a 1:2 split ratio.

Last Split Date9/13/2023
Split Ratio1:2

Scores

As of June 30, 2026, Novo Nordisk A/S Class B has an Altman Z-Score of 4.51, well above the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.

Altman Z-Score4.51