Novartis AGFRA:NOT +2.14%83 Median PS Value is €100.82 as of Jun. 24, 2026, which is 100% below its 10-year median of 1.17. GuruFocus rates FRA:NOT with a GF Score™ of 83/100 and a GF Value™ of €109.77 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 544 Drug Manufacturers companies, Novartis AG ranks worse than 77.21% on this metric.
This valuation method assumes that the stock valuation will revert to its historical (10-Year) median in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. Novartis AG's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was €25.086. Novartis AG's 10-Year median PS Ratio is 4.019. Therefore, the Median PS Value for today is €100.82.
As of today (2026-06-24), Novartis AG's share price is €131.52. Novartis AG's Median PS Value is €100.82. Therefore, Novartis AG's Price to Median PS Value for today is 1.30.
The historical rank and industry rank for Novartis AG's Median PS Value or its related term are showing as below:
FRA:NOT'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.99 Med: 1.17 Max: 1.44
Current: 1.3
During the past 13 years, the highest Price to Median PS Value of Novartis AG was 1.44. The lowest was 0.99. And the median was 1.17.
FRA:NOT's Price-to-Median-PS-Value is ranked worse than 77.21% of 544
companies
in the Drug Manufacturers industry
Industry Median: 0.85
vs FRA:NOT: 1.30
Novartis AG (FRA:NOT) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Novartis AG's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
131.52
/
100.82
=
1.30
* 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.
Novartis AG Median PS Value Related Terms
Novartis AG Median PS Value Historical Data
* Premium members only.
The historical data trend for Novartis AG's Median PS Value 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.
FRA:NOT vs LLY, JNJ, ABBV: Median PS Value Comparison
For the Drug Manufacturers - General subindustry, Novartis AG's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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.
Novartis AG Price-to-Median-PS-Value vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Novartis AG's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Novartis AG's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 4.019.
Novartis AG'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 €25.086.
* 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.
Novartis AG (FRA:NOT) has a Median PS Value of €100.82 as of Jun. 24, 2026. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Novartis AG and its competitors. This is 8517% above median its historical median of 1.17. Over the past decade, Novartis AG's Median PS Value has ranged from 0.99 to 1.44. According to the industry distribution chart, Novartis AG ranks #420 out of 544 companies in the Drug Manufacturers industry, placing it in the top 77.2%.
Is Novartis AG's Median PS Value too high?
Novartis AG's current Median PS Value of €100.82 is 8517% above median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 1.44. Based on the distribution chart, Novartis AG ranks #420 out of 544 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Novartis AG has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Novartis AG's Median PS Value compare to LLY and JNJ?
According to the Drug Manufacturers industry distribution chart, Novartis AG ranks #420 out of 544 companies for Median PS Value. This places Novartis AG in the lower half of its industry. The industry median Median PS Value is 0.85. Historically, Novartis AG's own Median PS Value has ranged from 0.99 to 1.44 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Median PS Value for a Drug Manufacturers company?
The median Median PS Value among Drug Manufacturers companies is 0.85, based on 544 companies in the industry. Companies in the top quartile (top 25%) have a Median PS Value significantly above this median, while those in the bottom quartile fall well below. However, Median PS Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Median PS Value mean?
A high Median PS Value can signal that a stock is expensive relative to its fundamentals. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Novartis AG and its competitors. For the Drug Manufacturers industry, the median Median PS Value is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novartis AG's current Median PS Value is €100.82, which is 8517% above median its own 10-year median of 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novartis AG stock overvalued right now?
Based on GuruFocus' analysis, Novartis AG (FRA:NOT) is currently considered Modestly Overvalued. The stock's GF Value™ is €109.77, compared to a current price of €131.52 — trading 19.8% above its estimated fair value. The current Median PS Value is €100.82, which is 8517% above median its 10-year median of 1.17. Novartis AG's overall GF Score™ is 83/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Median PS Value calculated?
Median PS Value is calculated from a company's financial statements. For Novartis AG (FRA:NOT), the current Median PS Value is €100.82 as of Jun. 24, 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 Novartis AG (FRA:NOT) Overvalued in 2026?
Based on GuruFocus' analysis, Novartis AG stock appears to be overvalued.
The current stock price of €131.52 is trading 19.8% above its estimated GF Value™ of €109.77.
GuruFocus considers Novartis AG to be Modestly Overvalued.
Key valuation signals for FRA:NOT:
Median PS Value: €100.82 (8517% above median its 10-year median of 1.17)
GF Value™: €109.77 vs. price of €131.52 (19.8% above fair value)
No single metric tells the full story. See the FRA:NOT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Novartis develops and manufactures innovative drugs. Key areas of drug development are oncology, immunology, neuroscience, respiratory, and cardiovascular, renal, and metabolic. It also has an established medicines business, which includes off-patent franchises. The company sells its products globally, with the United States constituting close to one-third of total revenue.
83GF Score
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