NVO P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
NVO's p/e ratio is lower than 95% of the last 10 years.
P/E ratio History
NVO P/E ratio by year
Yearly range of NVO’s p/e ratio from 2016 to 2026. Over the full period it ranged from 8.6 to 51.5, averaging 26.4.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 8.6 | 11.7 | 17.5 | 10.9 |
| 2025 | 11.7 | 18.4 | 28.8 | 14.1 |
| 2024 | 27.5 | 42.7 | 51.5 | 27.5 |
| 2023 | 34.7 | 40.8 | 46.5 | 41.8 |
| 2022 | 29.7 | 35.4 | 40.8 | 40.7 |
| 2021 | 23.1 | 29.5 | 38.4 | 35.3 |
| 2020 | 21.1 | 24.6 | 27.1 | 23.7 |
| 2019 | 19.1 | 21.5 | 24.3 | 23.6 |
| 2018 | 17.0 | 19.8 | 24.2 | 18.9 |
| 2017 | 14.1 | 17.9 | 22.2 | 22.1 |
| 2016 | 13.7 | 16.6 | 21.0 | 15.6 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is NVO P/E ratio High or Low Right Now?
Novo Nordisk A/S's P/E ratio is currently 10.9, which is near historic low relative to its 10-year historical range. The 10-year median P/E ratio for NVO is approximately 23.6. See all NVO valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.