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) Price to free cash flow

As of 25 September 2026, Johnson & Johnson (JNJ) trades at a price to free cash flow of 28.7×. Over the past ten years it has ranged from 12.7× (March 2020) to 34.1× (June 2026); the current reading is higher than 96% of that period. That is above the Drug Manufacturers General industry median of 17.7× and above the Healthcare sector median of 19.5×.

Price to free cash flow, daily

Annual

Period Price to free cash flow Change
FY2025 24.4× 43.80%
FY2024 17.0× (22.10%)
FY2023 21.8× (17.45%)
FY2022 26.4× 19.95%
FY2021 22.0× 8.80%
FY2020 20.2× 21.48%
FY2019 16.6× 4.53%
FY2018 15.9× (16.70%)
FY2017 19.1× 1.32%
FY2016 18.9× 29.67%

Quarterly

Period Price to free cash flow Change
Jun 2026 26.9× (16.58%)
Mar 2026 32.3× 32.19%
Dec 2025 24.4× 9.60%
Sep 2025 22.3× 14.98%
42 more quarters

Against its own ten years

Low 12.7× High 34.1×
Ten-year median 19.1×
Current reading's percentile 96

Price to free cash flow against peers

Company Price to free cash flow
GILD Gilead Sciences, Inc. compare 14.5×
PFE Pfizer Inc. compare 16.0×
NVS Novartis AG compare 18.3×
MRK Merck & Co., Inc. compare 22.9×
AMGN Amgen Inc. compare 23.0×
ABBV AbbVie Inc. compare 25.7×
JNJ Johnson & Johnson 28.7×
AZN AstraZeneca PLC compare 41.2×
LLY Eli Lilly and Company compare 51.8×
Drug Manufacturers General industry median 17.7×
Healthcare sector median 19.5×
Market median 14.0×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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