Novo Nordisk ASWBO:NNO2 +0.72%71 EV-to-Revenue is 4.71 as of Jul. 12, 2026, which is 38% below its 10-year median of 7.65. GuruFocus rates WBO:NNO2 with a GF Score™ of 71/100 and a GF Value™ of €121.19 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 965 Drug Manufacturers companies, Novo Nordisk AS ranks worse than 71.61% on this metric.
EV-to-Revenue is calculated as enterprise value divided by its revenue. As of today, Novo Nordisk AS's enterprise value is €206,944 Mil.
Novo Nordisk AS's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €43,898 Mil. Therefore, Novo Nordisk AS's EV-to-Revenue for today is 4.71.
The historical rank and industry rank for Novo Nordisk AS's EV-to-Revenue or its related term are showing as below:
WBO:NNO2'
s EV-to-Revenue Range Over the Past 10 Years
Min: 3.6 Med: 7.65 Max: 18.48
Current: 4.73
During the past 13 years, the highest EV-to-Revenue of Novo Nordisk AS was 18.48. The lowest was 3.60. And the median was 7.65.
WBO:NNO2's EV-to-Revenue is ranked worse than 71.61% of 965
companies
in the Drug Manufacturers industry
Industry Median: 2.45
vs WBO:NNO2: 4.73
As of today (2026-07-12), Novo Nordisk AS's stock price is €43.205.
Novo Nordisk AS's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was €9.87. Therefore, Novo Nordisk AS's PS Ratio for today is 4.38.
Novo Nordisk AS (WBO:NNO2) EV-to-Revenue Explanation
Novo Nordisk AS's share price for today is €43.205.
Novo Nordisk AS's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €9.87.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Novo Nordisk AS EV-to-Revenue Related Terms
Novo Nordisk AS EV-to-Revenue Historical Data
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The historical data trend for Novo Nordisk AS's EV-to-Revenue can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
WBO:NNO2 vs LLY, JNJ, ABBV: EV-to-Revenue Comparison
For the Drug Manufacturers - General subindustry, Novo Nordisk AS's EV-to-Revenue, along with its competitors' market caps and EV-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Novo Nordisk AS EV-to-Revenue vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Novo Nordisk AS's EV-to-Revenue distribution charts can be found below:
* The bar in red indicates where Novo Nordisk AS's EV-to-Revenue falls into.
Novo Nordisk AS's current Enterprise Value is €206,944 Mil.
Novo Nordisk AS's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €43,898 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Novo Nordisk AS (WBO:NNO2) has a EV-to-Revenue of 4.71 as of Jul. 12, 2026. EV to Revenue ratio is the company's enterprise value divided by sales. View historical data on Novo Nordisk AS and its competitors. This is 38% below median its historical median of 7.65. Over the past decade, Novo Nordisk AS's EV-to-Revenue has ranged from 3.60 to 18.48. According to the industry distribution chart, Novo Nordisk AS ranks #691 out of 965 companies in the Drug Manufacturers industry, placing it in the top 71.6%.
Is Novo Nordisk AS's EV-to-Revenue too high?
Novo Nordisk AS's current EV-to-Revenue of 4.71 is 38% below median its 10-year median of 7.65. Over the past 10 years, this metric has ranged from a low of 3.60 to a high of 18.48. The Drug Manufacturers industry median EV-to-Revenue is 2.45. Novo Nordisk AS's value of 4.71 is 92.2% above this industry median. Based on the distribution chart, Novo Nordisk AS ranks #691 out of 965 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Novo Nordisk AS has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Novo Nordisk AS's EV-to-Revenue compare to LLY and JNJ?
According to the Drug Manufacturers industry distribution chart, Novo Nordisk AS ranks #691 out of 965 companies for EV-to-Revenue. This places Novo Nordisk AS in the lower half of its industry. The industry median EV-to-Revenue is 2.45. Novo Nordisk AS's value of 4.71 is 92.2% above this benchmark. Historically, Novo Nordisk AS's own EV-to-Revenue has ranged from 3.60 to 18.48 over the past decade. While the company's 10-year median is 7.65 vs. the industry median of 2.45, Novo Nordisk AS has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-Revenue for a Drug Manufacturers company?
The median EV-to-Revenue among Drug Manufacturers companies is 2.45, based on 965 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-Revenue significantly above this median, while those in the bottom quartile fall well below. However, EV-to-Revenue should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Novo Nordisk AS's current EV-to-Revenue of 4.71 is 92.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-Revenue mean?
A high EV-to-Revenue can signal that a stock is expensive relative to its fundamentals. EV to Revenue ratio is the company's enterprise value divided by sales. View historical data on Novo Nordisk AS and its competitors. For the Drug Manufacturers industry, the median EV-to-Revenue is 2.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novo Nordisk AS's current EV-to-Revenue is 4.71, which is 38% below median its own 10-year median of 7.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novo Nordisk AS stock overvalued right now?
Based on GuruFocus' analysis, Novo Nordisk AS (WBO:NNO2) is currently considered Significantly Undervalued. The stock's GF Value™ is €121.19, compared to a current price of €43.21 — trading 64.3% below its estimated fair value. The current EV-to-Revenue is 4.71, which is 38% below median its 10-year median of 7.65 and 92.2% above the Drug Manufacturers industry median of 2.45. Novo Nordisk AS's overall GF Score™ is 71/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-Revenue calculated?
EV-to-Revenue is calculated from a company's financial statements. For Novo Nordisk AS (WBO:NNO2), the current EV-to-Revenue is 4.71 as of Jul. 12, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Novo Nordisk AS (WBO:NNO2) Overvalued in 2026?
Based on GuruFocus' analysis, Novo Nordisk AS stock appears to be undervalued.
The current stock price of €43.21 is trading 64.3% below its estimated GF Value™ of €121.19.
GuruFocus considers Novo Nordisk AS to be Significantly Undervalued.
Key valuation signals for WBO:NNO2:
EV-to-Revenue: 4.71 (38% below median its 10-year median of 7.65)
GF Value™: €121.19 vs. price of €43.21 (64.3% below fair value)
Industry Position: 92.2% above the Drug Manufacturers median (#691 of 965)
No single metric tells the full story. See the WBO:NNO2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
With roughly one-third of the global branded diabetes treatment market, Novo Nordisk is the leading provider of diabetes care products in the world. Based in Denmark, the company manufactures and markets a variety of human and modern insulins, injectable diabetes treatments such as GLP-1 therapy, oral antidiabetic agents, and obesity treatments. Novo also has a biopharmaceutical segment (contributing less than 10% of revenue) that specializes in protein therapies for hemophilia and other disorders.
71GF Score
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