NVS P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
NVS's p/e ratio is higher than 82% of the last 10 years.
P/E ratio History
NVS P/E ratio by year
Yearly range of NVS’s p/e ratio from 2016 to 2026. Over the full period it ranged from 6.9 to 30.5, averaging 18.8.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 19.3 | 22.0 | 24.6 | 24.1 |
| 2025 | 16.0 | 17.8 | 19.7 | 19.3 |
| 2024 | 11.3 | 13.7 | 16.5 | 16.5 |
| 2023 | 24.0 | 27.0 | 30.5 | 27.1 |
| 2022 | 6.9 | 7.8 | 9.0 | 8.8 |
| 2021 | 7.8 | 21.9 | 26.5 | 7.8 |
| 2020 | 13.2 | 21.4 | 28.9 | 25.4 |
| 2019 | 13.1 | 15.8 | 18.3 | 17.7 |
| 2018 | 10.6 | 16.3 | 24.2 | 13.3 |
| 2017 | 20.9 | 24.5 | 27.2 | 25.0 |
| 2016 | 19.9 | 21.9 | 24.5 | 21.5 |
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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 NVS P/E ratio High or Low Right Now?
Novartis AG's P/E ratio is currently 24.1, which is historically pricey relative to its 10-year historical range. The 10-year median P/E ratio for NVS is approximately 18.9. See all NVS valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.