Which has the lower trailing P/E, NVO or NVS?

NVO has the lower trailing P/E: NVO trades at 9.20 and NVS at 21.27. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, NVO or NVS?

Over the past five years, NVO grew revenue faster — NVO at a 19.76% CAGR versus NVS at 1.53%.

Does NVO or NVS pay a bigger dividend?

NVO yields 4.80% and NVS yields 3.38% based on trailing dividends and the latest price.

Is NVO or NVS more profitable?

NVO runs the higher net margin — NVO at 35.33% versus NVS at 22.93%.

How have NVO and NVS total returns compared?

Over the past 10 years, NVO delivered 8.54% and NVS delivered 11.99% annualized total return. Past performance doesn't predict future results.

Novo Nordisk A/S (NVO) vs Novartis AG (NVS)

A side-by-side comparison of Novo Nordisk A/S and Novartis AG across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 2, 2026. Differences are shown without an overall score or investment verdict.

NVO

Novo Nordisk A/S

$165.72B

$37.32HealthcareDelayed quote: Oct 2, 2026, 4:00 PM EDT

NVS

Novartis AG

$268.00B

$141.00HealthcareDelayed quote: Oct 2, 2026, 4:00 PM EDT

Total return — NVO vs NVS

growth of $100 · dividends reinvested · last 10y

NVO +132.7% (+8.8%/yr)NVS +209.2% (+12.0%/yr)NVS compounded faster over this window

NVO NVS

NVO vs NVS: by the numbers

•NVS is the larger company ($268.00B vs $165.72B market cap).
•NVO trades at the lower trailing earnings multiple (9.20 vs 21.27 P/E), one valuation lens rather than an overall verdict.
•NVO converts more revenue to profit (35.33% vs 22.93% net margin).
•NVO grew revenue faster over the past five years (19.76% vs 1.53% CAGR).
•NVO pays the higher dividend yield (4.80% vs 3.38%).

Metrics side by side

Valuation

Metric	NVO	NVS
P/E ratio	9.20	21.27
Forward P/E	N/A	16.02
PEG ratio	0.47	1.38
P/S ratio	3.25	4.82
P/B ratio	4.91	6.45
EV / EBITDA	6.88	13.85
FCF yield	4.49%	5.90%

Profitability

Metric	NVO	NVS
Gross margin	80.64%	74.44%
Operating margin	43.10%	30.54%
Net margin	35.33%	22.93%
ROE	53.50%	30.71%
ROIC	30.21%	13.93%

Dividends

Metric	NVO	NVS
Dividend yield	4.80%	3.38%
Payout ratio	44.27%	71.50%

Growth (annualized)

Metric	NVO	NVS
Revenue CAGR (5Y)	19.76%	1.53%
EPS CAGR (5Y)	19.59%	15.42%
FCF CAGR (5Y)	-1.45%	8.92%
Total return CAGR (5Y)	-2.68%	16.96%

Frequently asked

Which has the lower trailing P/E, NVO or NVS?: NVO has the lower trailing P/E: NVO trades at 9.20 and NVS at 21.27. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, NVO or NVS?: Over the past five years, NVO grew revenue faster — NVO at a 19.76% CAGR versus NVS at 1.53%.
Does NVO or NVS pay a bigger dividend?: NVO yields 4.80% and NVS yields 3.38% based on trailing dividends and the latest price.
Is NVO or NVS more profitable?: NVO runs the higher net margin — NVO at 35.33% versus NVS at 22.93%.
How have NVO and NVS total returns compared?: Over the past 10 years, NVO delivered 8.54% and NVS delivered 11.99% annualized total return. Past performance doesn't predict future results.

Go deeper

Full NVO analysis Full NVS analysis Interactive comparison tool

Dig into the metrics

Novo Nordisk A/S P/E ratio Novartis AG P/E ratio Novo Nordisk A/S dividend yield Novartis AG dividend yield Novo Nordisk A/S ROE Novartis AG ROE Novo Nordisk A/S operating margin Novartis AG operating margin Novo Nordisk A/S revenue growth Novartis AG revenue growth Novo Nordisk A/S free cash flow Novartis AG free cash flow

Novo Nordisk A/S & Novartis AG appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 2, 2026.