Johnson & Johnson
JNJ Healthcare Drug Manufacturers General
Johnson & Johnson’s revenue for fiscal 2025 (year ended December 2025) was $94.2 billion, up 6.05% from fiscal 2024. In the quarter to September 2026, revenue grew 5.86%, EPS was flat, free cash flow grew 154.8% and total debt fell 4.82%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for twenty-five consecutive years, revenue growth for three, operating cash flow growth for three; insiders bought in the last twelve months.
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Johnson & Johnson (JNJ) P/B ratio
As of 16 October 2026, Johnson & Johnson (JNJ) trades at a P/B ratio of 7.2×. Over the past ten years it has ranged from 3.5× (August 2015) to 7.9× (September 2026); the current reading is higher than 98% of that period. That is above the Drug Manufacturers General industry median of 5.0× and above the Healthcare sector median of 2.3×.
P/B ratio, daily
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Annual newest first
| 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 newest first
| Period | P/B ratio | Change |
|---|---|---|
| Sep 2026 | 7.5× | 4.24% |
| Jun 2026 | 7.2× | (0.78%) |
| Mar 2026 | 7.3× | 18.70% |
| Dec 2025 | 6.1× | 8.47% |
| 43 more quarters | Free account |
Against its own ten years
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| ABBV AbbVie Inc. compare | n/m |
| PFE Pfizer Inc. compare | 2.0× |
| AZN AstraZeneca PLC compare | 5.1× |
| NVS Novartis AG compare | 6.8× |
| JNJ Johnson & Johnson | 7.2× |
| MRK Merck & Co., Inc. compare | 8.6× |
| GILD Gilead Sciences, Inc. compare | 16.5× |
| AMGN Amgen Inc. compare | 20.0× |
| LLY Eli Lilly and Company compare | 33.1× |
| Drug Manufacturers General industry median | 5.0× |
| Healthcare sector median | 2.3× |
| Market median | 1.7× |
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))
More on JNJ
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement