Johnson & Johnson JNJ

271.22 0.54 0.20% as of 25 Sep
Market cap
$652.8B
P/E
31.4×
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Johnson & Johnson (JNJ) P/B ratio

As of 25 September 2026, Johnson & Johnson (JNJ) trades at a P/B ratio of 7.7×. Over the past ten years it has ranged from 3.5× (August 2015) to 7.9× (September 2026); the current reading is higher than 100% of that period. That is above the Drug Manufacturers General industry median of 5.0× and above the Healthcare sector median of 2.5×.

P/B ratio, daily

Annual

Period P/B ratio Change
FY2025 6.1× 25.46%
FY2024 4.9× (17.36%)
FY2023 5.9× (3.24%)
FY2022 6.1× 0.13%
FY2021 6.1× (7.10%)
FY2020 6.5× 0.93%
FY2019 6.5× 12.03%
FY2018 5.8× (7.04%)
FY2017 6.2× 42.98%
FY2016 4.4× 9.51%

Quarterly

Period P/B ratio Change
Jun 2026 7.2× (0.78%)
Mar 2026 7.3× 18.70%
Dec 2025 6.1× 8.47%
Sep 2025 5.6× 20.26%
42 more quarters

Against its own ten years

Low 3.5× High 7.9×
Ten-year median 5.7×
Current reading's percentile 100

P/B ratio against peers

Company P/B ratio
ABBV AbbVie Inc. compare n/m
PFE Pfizer Inc. compare 1.9×
AZN AstraZeneca PLC compare 5.1×
NVS Novartis AG compare 6.6×
JNJ Johnson & Johnson 7.7×
MRK Merck & Co., Inc. compare 8.8×
GILD Gilead Sciences, Inc. compare 16.0×
AMGN Amgen Inc. compare 19.2×
LLY Eli Lilly and Company compare 31.2×
Drug Manufacturers General industry median 5.0×
Healthcare sector median 2.5×
Market median 1.8×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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