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Novo Nordisk A/S (NVO) EV/FCF Ratio: 43.92x

Is Novo Nordisk A/S’s EV/FCF ratio high or low?

Novo Nordisk A/S's EV/FCF ratio of 43.92x is 12% above its 5-year average of 39.28x, around the middle of its 5-year range (20.25x–91.83x).

As of Wednesday, June 17, 2026. 31.47% above its 12-month average of 33.41x.

NVO EV/FCF Ratio Chart

NVO EV/FCF Ratio
43.92x+40.01% 1Y
Zoom

NVO Average EV/FCF Ratio Chart

NVO Current vs Average EV/FCF Ratio Chart

NVO EV/FCF Ratio Metrics

EV/FCF RATIO

43.92x

EV/FCF RATIO AVG TTM

33.41x

EV/FCF RATIO AVG 3Y

43.13x

EV/FCF RATIO AVG 5Y

36.45x

EV/FCF RATIO AVG 10Y

28.06x

EV/FCF RATIO AVG 15Y

26.73x

EV/FCF RATIO AVG 20Y

26.07x

CURRENT VS TTM AVG

+31.47%

CURRENT VS 3Y AVG

+1.83%

CURRENT VS 5Y AVG

+20.49%

CURRENT VS 10Y AVG

+56.52%

CURRENT VS 15Y AVG

+64.32%

CURRENT VS 20Y AVG

+68.49%

NVO Competitors' EV/FCF Ratio

NAMEMARKET CAPEV/FCF RATIOTTM3Y5Y
Novo Nordisk A/S (NVO)$193.39B43.92x33.41x43.13x36.45x
Amgen Inc. (AMGN)vs ›$187.59B27.28x22.47x24.98x22.52x
Thermo Fisher Scientific Inc. (TMO)vs ›$175.64B32.04x35.79x34.56x34.77x
Gilead Sciences, Inc. (GILD)vs ›$158.06B17.02x18.53x16.06x14.52x
Abbott Laboratories (ABT)vs ›$157.84B25.15x30.82x34.90x31.02x
Pfizer Inc. (PFE)vs ›$148.41B22.35x19.82x27.37x21.38x
Intuitive Surgical, Inc. (ISRG)vs ›$145.70B52.23x78.91x160.14x125.07x
Danaher Corporation (DHR)vs ›$128.06B26.79x31.87x32.32x30.49x
CVS Health Corporation (CVS)vs ›$127.73B26.73x27.83x27.04x21.16x
Vertex Pharmaceuticals Incorporated (VRTX)vs ›$116.49B30.76x32.22x28.40x25.11x

Cash Flow Valuation Comparison

EV/FCF

43.9x

P/FCF

39.9x

FCF Yield

2.50%

Formula: EV/FCF = Enterprise Value / Free Cash Flow

EV/FCF vs P/FCF:

  • EV/FCF accounts for debt and cash through enterprise value
  • P/FCF only considers equity value
  • EV/FCF can be compared across companies with different debt levels
  • Both measure how the market values cash generation

Novo Nordisk A/S EV/FCF Ratio Formula & Definition

EV/FCF = Enterprise Value / Free Cash Flow (TTM)

Enterprise value to free cash flow compares total company value to the cash the business generates after capital expenditures.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Novo Nordisk A/S EV/FCF Ratio FAQ

What is the EV/FCF ratio for Novo Nordisk A/S (NVO)?
The EV/FCF ratio for NVO stock is 43.92x.
Is Novo Nordisk A/S's EV/FCF ratio high or low?
Novo Nordisk A/S's EV/FCF ratio of 43.92x is 12% above its 5-year average of 39.28x, around the middle of its 5-year range (20.25x–91.83x).
What is the TTM average EV/FCF ratio for Novo Nordisk A/S (NVO)?
The TTM average EV/FCF ratio for NVO stock is 33.41x.
What is the 3Y average EV/FCF ratio for Novo Nordisk A/S (NVO)?
The 3Y average EV/FCF ratio for NVO stock is 43.13x.
What is the 5Y average EV/FCF ratio for Novo Nordisk A/S (NVO)?
The 5Y average EV/FCF ratio for NVO stock is 36.45x.
What is the 10Y average EV/FCF ratio for Novo Nordisk A/S (NVO)?
The 10Y average EV/FCF ratio for NVO stock is 28.06x.
What is the 15Y average EV/FCF ratio for Novo Nordisk A/S (NVO)?
The 15Y average EV/FCF ratio for NVO stock is 26.73x.
What is the 20Y average EV/FCF ratio for Novo Nordisk A/S (NVO)?
The 20Y average EV/FCF ratio for NVO stock is 26.07x.

Novo Nordisk A/S EV/FCF Ratio History

DATEEV/FCF RATIO
2026-06-1743.92x
2026-06-1643.94x
2026-06-1544.28x
2026-06-1244.25x
2026-06-1144.32x
2026-06-1043.27x
2026-06-0942.70x
2026-06-0841.62x
2026-06-0543.40x
2026-06-0444.13x
2026-06-0342.52x
2026-06-0243.37x
2026-06-0144.42x
2026-05-2945.81x
2026-05-2845.74x
2026-05-2744.86x
2026-05-2644.53x
2026-05-2245.24x
2026-05-2144.72x
2026-05-2045.34x
2026-05-1944.61x
2026-05-1844.61x
2026-05-1545.04x
2026-05-1446.01x
2026-05-1347.18x
2026-05-1247.11x
2026-05-1146.56x
2026-05-0846.26x
2026-05-0746.01x
2026-05-0645.97x
2026-05-0548.63x
2026-05-0448.15x
2026-05-0147.64x
2026-04-3045.98x
2026-04-2944.05x
2026-04-2844.93x
2026-04-2744.96x
2026-04-2444.93x
2026-04-2342.27x
2026-04-2242.91x
2026-04-2143.18x
2026-04-2044.22x
2026-04-1744.28x
2026-04-1644.69x
2026-04-1544.57x
2026-04-1443.08x
2026-04-1341.73x
2026-04-1041.27x
2026-04-0941.19x
2026-04-0841.36x
2026-04-0740.66x
2026-04-0640.42x
2026-04-0240.73x
2026-04-0140.23x
2026-03-3140.50x
2026-03-3039.04x
2026-03-2739.79x
2026-03-2640.15x
2026-03-2540.08x
2026-03-2440.64x
2026-03-2340.57x
2026-03-2040.28x
2026-03-1940.83x
2026-03-1841.20x
2026-03-1742.18x
2026-03-1642.33x
2026-03-1341.71x
2026-03-1241.77x
2026-03-1142.58x
2026-03-1042.47x
2026-03-0943.54x
2026-03-0642.33x
2026-03-0542.83x
2026-03-0442.25x
2026-03-0340.41x
2026-03-0241.51x
2026-02-2741.20x
2026-02-2641.37x
2026-02-2541.91x
2026-02-2442.34x
2026-02-2343.39x
2026-02-2051.19x
2026-02-1952.22x
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2026-02-1753.14x
2026-02-1353.34x
2026-02-1252.70x
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2026-02-1052.89x
2026-02-0953.14x
2026-02-0651.41x
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2026-02-0450.96x
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2026-02-0228.62x
2026-01-3028.86x
2026-01-2928.81x
2026-01-2829.28x
2026-01-2730.47x
2026-01-2630.98x
2026-01-2330.18x
2026-01-2230.16x
2026-01-2128.80x
2026-01-2029.44x
2026-01-1630.21x
2026-01-1527.78x
2026-01-1428.61x
2026-01-1328.95x
2026-01-1229.06x
2026-01-0928.57x
2026-01-0827.88x
2026-01-0727.52x
2026-01-0627.38x
2026-01-0526.84x
2026-01-0225.57x
2025-12-3124.87x
2025-12-3025.03x
2025-12-2925.14x
2025-12-2625.58x
2025-12-2425.65x
2025-12-2325.21x
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2025-11-2824.15x
2025-11-2623.86x
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2025-11-2123.35x
2025-11-2023.34x
2025-11-1923.99x
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2025-11-1723.74x
2025-11-1423.65x
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2025-10-3124.75x
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2025-10-2726.38x
2025-10-2426.41x
2025-10-2326.54x
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2025-10-2127.27x
2025-10-2027.73x
2025-10-1727.08x
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2025-10-1528.19x
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2025-08-2127.59x
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2025-08-0520.32x
2025-08-0420.96x
2025-08-0120.71x
2025-07-3120.25x
2025-07-3021.46x
2025-07-2923.06x
2025-07-2829.20x
2025-07-2530.30x
2025-07-2429.90x
2025-07-2329.62x
2025-07-2228.29x
2025-07-2127.53x
2025-07-1827.28x
2025-07-1727.68x
2025-07-1628.40x
2025-07-1528.47x
2025-07-1429.17x
2025-07-1129.17x
2025-07-1030.02x
2025-07-0929.48x
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2025-07-0729.33x
2025-07-0329.27x
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2025-06-2628.67x
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2025-06-1333.61x
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2025-06-1133.16x
2025-06-1033.41x
2025-06-0931.83x
2025-06-0631.49x
2025-06-0530.68x

Showing the most recent 260 of 5,031 data points. The chart above shows the full history.

About Novo Nordisk A/S

Novo Nordisk A/S is a global pharmaceutical firm dedicated to the investigation, creation, manufacturing, and distribution of medicinal products across a vast international footprint. Its market presence extends throughout Europe, the Middle East, Africa, various parts of Asia (including Mainland China, Hong Kong, and Taiwan), and North America. The company's operations are structured into two principal business units: Diabetes and Obesity Care, and Rare Disease. The Diabetes and Obesity Care division delivers therapies for diabetes, obesity, cardiovascular ailments, and other emerging therapeutic areas. Meanwhile, the Rare Disease division concentrates on providing treatments for rare blood disorders, uncommon endocrine conditions, and hormone replacement solutions. In addition to its core pharmaceutical offerings, Novo Nordisk produces specialized medical equipment such as insulin pens, growth hormone pens, and injection needles. It also pioneers smart digital solutions for diabetes management, including advanced insulin pens and the Dose Check application, designed to guide insulin dosage. The company engages in strategic alliances, notably a partnership with UNICEF to combat childhood obesity and a collaboration with Valo Health, Inc. to discover and advance novel drug pipelines in the cardiometabolic space. Founded in 1923, Novo Nordisk A/S is headquartered in Bagsvaerd, Denmark.

Bagsvaerd
77,406 employees
Healthcare / Drug Manufacturers - General
Sector
Healthcare
Industry
Drug Manufacturers - General
CEO
Maziar Mike Doustdar