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36.98 USD
P/E
10.12
EPS
3.56
Yield
4.96%
Safety Score
50
P/B
5.35
ROE
60.70
Beta
0.27
Target Price
46.90 USD
Novo Nordisk A/S logo

Novo Nordisk A/S

🧾 Earnings Recap – Q3 2025

Novo Nordisk reported strong Q3 2025 results with a 15% increase in sales and 10% rise in operating profit, while narrowing its sales and operating profit guidance due to projected slower growth in its GLP-1 treatments.

  • Sales growth was driven by both U.S. (15%) and international operations (16%), bolstered by one-off adjustments in the U.S. of DKK 6 billion.
  • Obesity care surged 41%, led by a 24% growth in U.S. sales and an impressive 83% growth internationally.
  • The company is executing a strategic transformation involving a reduction of approximately 9,000 global positions, expected to yield annual savings of DKK 8 billion by 2026.
  • Rybelsus received regulatory approval in the U.S. and EU, enhancing Novo's offerings in diabetes care.
  • Ongoing focus on diabetes and obesity, coupled with portfolio refinement, reaffirms Novo Nordisk's commitment to addressing major unmet medical needs.
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Key Metrics
Earnings dateMay 6, 2026
P/E10.12
EPS3.56
Book Value6.74
Price to Book5.35
Debt/Equity67.49
% Insiders0.008%
Growth
Revenue Growth-0.08%
Earnings Growth-0.05%
Estimates
Forward P/E10.62
Forward EPS3.39
Target Mean Price46.90
Dividend
Dividend Yield4.96%
Annual dividends11.75 USD
Ex-Div. DateMarch 30, 2026
Payout50.53%
5y avg Yield1.45%

DCF Valuation

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DCF Result

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Terminal PV
Σ PV of FCFs
Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

Novo Nordisk A/S Logo Novo Nordisk A/S Analysis (NVO)

Denmark Health Care Official Website Stock

Is Novo Nordisk A/S a good investment? Novo Nordisk A/S (NVO) is currently trading at 36.98 USD. Market analysts have a consensus price target of 46.90 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 10.12. This relatively low multiple may signal that Novo Nordisk A/S is undervalued compared to historical market norms.

Earnings Schedule: Novo Nordisk A/S is expected to release its next earnings report on May 6, 2026. The market consensus estimate for Forward EPS is 3.39.

For income investors, Novo Nordisk A/S pays a dividend yield of 4.96%. With a payout ratio of 51%, the dividend appears sustainable.

Investor FAQ

Does Novo Nordisk A/S pay a dividend?

Yes, it pays an annual dividend of 11.75 USD (4.96% yield).

What asset class is Novo Nordisk A/S?

Novo Nordisk A/S is classified as a Stock. You can compare it against 7 other assets in the "Related Symbols" list on this page.

When is the next earnings date?

The next earnings date is projected to be May 6, 2026. The company currently has a trailing EPS of 3.56.

Company Profile

Novo Nordisk A/S, together with its subsidiaries, engages in the research and development, manufacture, and distribution of pharmaceutical products. It operates through two segments, Obesity and Diabetes Care, and Rare Disease. The Obesity and Diabetes care segment provides products for diabetes, obesity, cardiovascular, and other emerging therapy areas. The Rare Disease segment offers products in the areas of rare blood disorders, rare endocrine disorders, and hormone replacement therapy. The company also provides NovoPen 6 and NovoPen Echo Plus, smart insulin pens; Dose Check, an insulin dose guidance application; and growth hormone pens and injection needles. It operates in Europe, Canada, the United States, Japan, Korea, Oceania, Southeast Asia, Mainland China, Hong Kong and Taiwan, Latin America, the Middle East, and Africa. Novo Nordisk A/S was founded in 1923 and is headquartered in Bagsvaerd, Denmark.

Exchange Ticker
FRA (Germany) NOVC.F
NYQ (United States) NVO
MEX (Mexico) NVON.MX
SAO (Brazil) N1VO34.SA
VIE (Austria) NNOR.VI
GER (Germany) NOVA.DE
FRA (Germany) NOVA.F
Dividend Yield

4.96% (5y avg: 1.45%)

Annual Dividends

11.75 USD

Next ex. div date

March 30, 2026

Payout Ratio

50.53%

Historical Dividends
Year Total Dividends
2026 1.42 USD
2025 1.23 USD
2024 1.03 USD
2023 2.06 USD
2022 1.60 USD
2021 1.47 USD
2020 1.30 USD
2019 1.23 USD
2018 1.27 USD
2017 1.14 USD
2016 1.41 USD
2015 0.73 USD
2014 0.83 USD
2013 3.10 USD
2012 2.51 USD
2011 1.89 USD
2010 1.36 USD
2009 1.09 USD
2008 0.94 USD
2007 1.24 USD
2006 0.96 USD
2005 0.86 USD
2004 0.72 USD
2003 0.52 USD
2002 0.40 USD
2001 0.79 USD
2000 1.09 USD
1999 0.56 USD
1998 0.31 USD
1997 0.28 USD
1996 0.39 USD
1995 0.19 USD
1994 0.13 USD
1993 0.56 USD
1992 0.54 USD
1991 0.60 USD
1990 0.62 USD
1989 0.46 USD
1988 0.52 USD
1987 0.41 USD
1986 0.49 USD
1985 0.37 USD
1984 0.29 USD
1983 0.27 USD
1982 0.06 USD

Yearly aggregated dividends

Dividends

Novo Nordisk A/S
Apr 08, 2026 Upcoming
Dividend
0.91582 USD
Novo Nordisk A/S
Sep 29, 2025 Paid
Dividend
0.003787 USD
Novo Nordisk A/S
Aug 26, 2025 Paid
Dividend
0.41155 USD

Historical Split Corporate Actions

Split Date Split Ratio to 1
April 11, 2001 2.500000
Dec. 17, 2007 2.000000
Jan. 9, 2014 5.000000
Sept. 20, 2023 2.000000
April 18, 1994 4.000000
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