Novo Nordisk (NOVO B) Stock Overview
Engages in the research and development, manufacture, and distribution of pharmaceutical products. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 3/6 |
| Dividends | 3/6 |
Rewards
Risk Analysis
NOVO B Community Fair Values
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Analyst Price Targets
Top Community Narratives
Novo Nordisk A/S Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | DKK 326.90 |
| 52 Week High | DKK 464.60 |
| 52 Week Low | DKK 224.25 |
| Beta | 0.36 |
| 1 Month Change | 15.17% |
| 3 Month Change | 39.05% |
| 1 Year Change | -25.91% |
| 3 Year Change | -38.43% |
| 5 Year Change | 19.96% |
| Change since IPO | 12,029.87% |
Recent News & Updates
Narrative Update • Jun 29
NOVO B: Higher P E Multiple Will Expose Cybersecurity And Margin Execution Risks
Novo Nordisk’s updated analyst price target has moved from DKK 186.48 to DKK 200.00, with analysts citing refined assumptions around slightly slower revenue declines, a modestly lower profit margin, and a higher future P/E multiple as key drivers of the change. Analyst Commentary For Novo Nordisk, the move to a DKK 200.00 price target reflects a more measured stance from analysts, who are fine tuning their expectations around revenue resilience, profitability, and the valuation investors may be willing to pay through the cycle.Analysis Article • Jun 21
Novo Nordisk (CPSE:NOVO B) Stock Could Be 28.2% Below Fair Value After UK Wegovy Approval
After UK regulators cleared the oral Wegovy pill, Novo Nordisk (CPSE:NOVO B) moved further into the obesity pill market, adding to earlier launches in the US and UAE and drawing investor attention to its GLP-1 portfolio. See our latest analysis for Novo Nordisk. The latest UK approval lands while Novo Nordisk’s 1 day share price return of 4.6% and 90 day share price return of 23.4% contrast with a year to date share price decline of 11.3% and a 1 year total shareholder return down 35.6%. This...Recent updates
Narrative Update • Jun 29
NOVO B: Higher P E Multiple Will Expose Cybersecurity And Margin Execution Risks
Novo Nordisk’s updated analyst price target has moved from DKK 186.48 to DKK 200.00, with analysts citing refined assumptions around slightly slower revenue declines, a modestly lower profit margin, and a higher future P/E multiple as key drivers of the change. Analyst Commentary For Novo Nordisk, the move to a DKK 200.00 price target reflects a more measured stance from analysts, who are fine tuning their expectations around revenue resilience, profitability, and the valuation investors may be willing to pay through the cycle.Analysis Article • Jun 21
Novo Nordisk (CPSE:NOVO B) Stock Could Be 28.2% Below Fair Value After UK Wegovy Approval
After UK regulators cleared the oral Wegovy pill, Novo Nordisk (CPSE:NOVO B) moved further into the obesity pill market, adding to earlier launches in the US and UAE and drawing investor attention to its GLP-1 portfolio. See our latest analysis for Novo Nordisk. The latest UK approval lands while Novo Nordisk’s 1 day share price return of 4.6% and 90 day share price return of 23.4% contrast with a year to date share price decline of 11.3% and a 1 year total shareholder return down 35.6%. This...
New Narrative • Jun 17
Relatively mispriced taken into account its intrinsic growth profile, providing a defensive, cash-generative entry point for investors
Novo Nordisk occupies an enviable position as a dominant player in a strict global duopoly (alongside Eli Lilly) disrupting the cardiometabolic healthcare landscape. Driven by its blockbuster semaglutide platform (Ozempic, Wegovy, Rybelsus), the company has transformed from a mature legacy insulin provider into a high-growth compounding machine.
Narrative Update • Jun 15
NOVO B: Oral Obesity Pill Adoption Will Drive Long Term Upside Potential
Analysts have nudged their price target on Novo Nordisk slightly higher to DKK 428.91 from DKK 428.75, reflecting updated assumptions for revenue growth, profit margins and future P/E that remain broadly consistent with prior expectations. Analyst Commentary While the latest fine tuning of the DKK 428.91 target signals only a modest shift, it shows that analysts are continuing to stress test their models on revenue, margins and P/E for Novo Nordisk rather than making wholesale changes to their fundamental view.Narrative Update • Jun 01
NOVO B: Oral Obesity Pill Momentum Will Support Future Upside Potential
Analysts have nudged their DKK fair value estimate for Novo Nordisk slightly lower to DKK428.75 from DKK431.98, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E. These changes are broadly in line with recent cross sector research where modest target changes follow refined earnings and risk assessments rather than major shifts in outlook.Narrative Update • May 17
NOVO B: Richer P E Multiple Will Magnify Execution And Safety Risks
Analysts have modestly lifted the fair value estimate for Novo Nordisk to DKK 186.48 from DKK 184.09, citing updated assumptions that include a slightly higher discount rate, softer revenue growth and profit margin expectations, and a higher forward P/E multiple. Analyst Commentary Analysts covering Novo Nordisk are paying close attention to how the updated assumptions interact with the current share price, especially around the higher forward P/E multiple now embedded in the fair value estimate.Narrative Update • May 01
NOVO B: Higher Discount Rate Will Pressure Long Term Cash Flows
The updated analyst price target for Novo Nordisk has been revised from DKK 340.00 to DKK 184.09. Analysts attribute this change to a higher discount rate, softer revenue growth assumptions, slightly lower profit margins, and a reduced future P/E estimate.Narrative Update • Apr 17
NOVO B: Higher Margin Outlook Will Support Future Upside Potential
Analysts have reduced the Novo Nordisk price target from DKK 518.34 to DKK 431.98, citing updated assumptions that include higher projected revenue growth and profit margins, offset by a lower future P/E multiple. Analyst Commentary Bullish analysts on Novo Nordisk are keeping a constructive tone even as the formal price target is reset to DKK 431.98.
Narrative Update • Apr 03
NOVO B: Future Returns Will Rely On Weekly Diabetes And Obesity Treatments
Narrative Update: Novo Nordisk Price Target Shift The analyst price target for Novo Nordisk has been adjusted slightly higher to DKK 309.77 from DKK 309.63. This reflects updated analyst assumptions that incorporate revised revenue growth, profit margin and future P/E inputs.Narrative Update • Mar 20
NOVO B: Future Returns Will Rely On Expanded Oral Obesity Medicines
Novo Nordisk's analyst price target has been revised from DKK 330.95 to DKK 309.63 as analysts factor in updated views on long term revenue growth, profit margins and future P/E assumptions. Analyst Commentary Analysts updating their models on Novo Nordisk are reassessing both growth and valuation assumptions, which is reflected in the revised DKK 309.63 price target.Narrative Update • Mar 06
NOVO B: Future Returns Will Rely On Oral Obesity And GLP-1 Tablet Expansion
The updated analyst price target for Novo Nordisk has shifted from DKK 376.59 to DKK 330.95, with analysts citing more measured assumptions on revenue growth, profit margins and future P/E as key drivers of the change. Analyst Commentary Analysts revisiting their assumptions on Novo Nordisk are effectively marking the shares to more conservative expectations, with the updated price target of DKK 330.95 reflecting a reset in what they are willing to pay for the company’s earnings profile.New Narrative • Feb 23
Why did Novo Nordisk flop?
Novo Nordisk’s business model is straightforward. It develops hormone-based therapies, protects them with patents, manufactures them at scale, and sells them at high margins into reimbursed healthcare systems.Narrative Update • Feb 19
NOVO B: Future Returns Will Rely On Oral Obesity Treatments
Analysts have nudged their price target on Novo Nordisk slightly lower, from DKK 392.29 to DKK 376.59, reflecting updated views on revenue growth, profit margins, the discount rate, and expected future P/E levels. Analyst Commentary Even though the recent adjustment to the DKK 376.59 price target for Novo Nordisk is modest, it reflects a mix of confidence in the business and a bit more caution on assumptions that feed into valuation, such as revenue growth, profit margins, discount rate, and future P/E levels.Analysis Article • Feb 16
Novo Nordisk's (CPH:NOVO B) Solid Earnings May Rest On Weak Foundations
The market shrugged off Novo Nordisk A/S' ( CPH:NOVO B ) solid earnings report. We did some digging and believe...Analysis Article • Feb 08
Novo Nordisk (CPH:NOVO B) Is Paying Out A Larger Dividend Than Last Year
The board of Novo Nordisk A/S ( CPH:NOVO B ) has announced that it will be paying its dividend of DKK7.95 on the 31st...Analysis Article • Feb 07
Earnings Update: Novo Nordisk A/S (CPH:NOVO B) Just Reported Its Yearly Results And Analysts Are Updating Their Forecasts
One of the biggest stories of last week was how Novo Nordisk A/S ( CPH:NOVO B ) shares plunged 20% in the week since...Narrative Update • Feb 05
NOVO B: Weight Management Franchise And Execution Discipline Will Support Future Upside
Analysts have trimmed their price target on Novo Nordisk to $518.34 from $540.00. This reflects updated views that pair slightly higher projected revenue growth with a modestly higher discount rate and a lower assumed future P/E multiple.Narrative Update • Jan 22
NOVO B: Wegovy Pill Launch And Execution Discipline Will Support Future Upside
Analysts have reduced their fair value estimate for Novo Nordisk to €540 from €612. They cite more moderate assumptions for revenue growth and profit margins, along with a higher discount rate and a slightly higher expected future P/E multiple.Analysis Article • Jan 17
Novo Nordisk A/S' (CPH:NOVO B) 26% Share Price Surge Not Quite Adding Up
Novo Nordisk A/S ( CPH:NOVO B ) shares have had a really impressive month, gaining 26% after a shaky period beforehand...Narrative Update • Jan 08
NOVO B: Future Returns Will Rely On Oral Obesity Treatment And Legal Risks
Narrative Update Analysts have nudged their fair value estimate for Novo Nordisk slightly lower, from $393.04 to $392.29, as small adjustments to revenue growth, profit margin, and future P/E assumptions result in a marginally reduced price target. Analyst Commentary Recent tweaks to fair value for Novo Nordisk reflect relatively modest shifts in assumptions rather than a major change in the overall thesis.Narrative Update • Dec 25
NOVO B: Future Returns Will Rely On Durable Obesity And Diabetes Cash Flows
Analysts have nudged their fair value estimate for Novo Nordisk slightly lower by about $0.25 per share to roughly $393.04, reflecting modestly softer long term revenue growth assumptions even as profit margin and valuation expectations remain broadly intact. Analyst Commentary Analyst sentiment around Novo Nordisk remains broadly constructive, with the slight fair value adjustment seen more as a recalibration of growth expectations than a shift in the underlying thesis.Narrative Update • Dec 11
NOVO B: Future Returns Will Rely On Obesity And Diabetes Franchise Leadership
Novo Nordisk's analyst price target has been trimmed modestly, with our fair value estimate moving to $393.29 from $400.24 as analysts factor in slightly slower revenue growth assumptions while still recognizing resilient margins and a supportive valuation multiple. Analyst Commentary Analyst sentiment toward Novo Nordisk remains broadly constructive, with the modest price target reduction seen as a recalibration of expectations rather than a shift in the long term thesis.Narrative Update • Nov 27
NOVO B: Long-Term Momentum Will Rely On Diabetes And Obesity Expansion
Novo Nordisk's analyst price target has been lowered from $431.99 to $400.24, as analysts cite moderating revenue growth and slightly reduced profit margins in their updated outlook. Analyst Commentary Analyst evaluations for Novo Nordisk reflect a mix of confidence in the company's long-term positioning and careful attention to near-term risks.Narrative Update • Nov 10
NOVO B: Revenue Pipeline Expansion May Drive Long-Term Shareholder Returns
Analysts have slightly reduced their price target for Novo Nordisk to $431.99 from $438.59, citing modest downward revisions to forecasted revenue growth and profit margins as primary factors in the updated outlook. Analyst Commentary Recent analyst updates offer a balanced view of Novo Nordisk's prospects, with both optimism and caution shaping current sentiment following the revised price target.Narrative Update • Oct 27
Product Launches And Leadership Shifts Will Support Expanding Market Reach
Novo Nordisk's analyst price target was slightly reduced to $438.59 from $444.05. Analysts pointed to moderated revenue growth and profitability expectations in their updated outlook.Shareholder Returns
| NOVO B | DK Pharmaceuticals | DK Market | |
|---|---|---|---|
| 7D | 3.8% | 3.5% | 4.7% |
| 1Y | -25.9% | -24.0% | -8.5% |
Return vs Industry: NOVO B underperformed the Danish Pharmaceuticals industry which returned -24% over the past year.
Return vs Market: NOVO B underperformed the Danish Market which returned -8.5% over the past year.
Price Volatility
| NOVO B volatility | |
|---|---|
| NOVO B Average Weekly Movement | 5.3% |
| Pharmaceuticals Industry Average Movement | 5.3% |
| Market Average Movement | 4.6% |
| 10% most volatile stocks in DK Market | 8.0% |
| 10% least volatile stocks in DK Market | 2.6% |
Stable Share Price: NOVO B has not had significant price volatility in the past 3 months compared to the Danish market.
Volatility Over Time: NOVO B's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1923 | 67,900 | Maziar Doustdar | www.novonordisk.com |
Novo Nordisk A/S, together with its subsidiaries, engages in the research and development, manufacture, and distribution of pharmaceutical products. It operates through two segments, Obesity and Diabetes Care, and Rare Disease. The Obesity and Diabetes care segment provides products for diabetes, obesity, cardiovascular, and other emerging therapy areas.
Novo Nordisk A/S Fundamentals Summary
| NOVO B fundamental statistics | |
|---|---|
| Market cap | DKK 1.45t |
| Earnings (TTM) | DKK 121.96b |
| Revenue (TTM) | DKK 327.80b |
11.9x
P/E Ratio4.4x
P/S RatioIs NOVO B overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NOVO B income statement (TTM) | |
|---|---|
| Revenue | DKK 327.80b |
| Cost of Revenue | DKK 55.09b |
| Gross Profit | DKK 272.72b |
| Other Expenses | DKK 150.76b |
| Earnings | DKK 121.96b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Aug 05, 2026
| Earnings per share (EPS) | 27.54 |
| Gross Margin | 83.20% |
| Net Profit Margin | 37.20% |
| Debt/Equity Ratio | 67.7% |
How did NOVO B perform over the long term?
See historical performance and comparisonDividends
3.6%
Current Dividend Yield43%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/06 03:50 |
| End of Day Share Price | 2026/07/03 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Novo Nordisk A/S is covered by 52 analysts. 28 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Gerhard Schwarz | Baader Helvea Equity Research |
| José Romero Herrero | Banco Santander |