As of Apr 23, 2024, the Johnson & Johnson stock's PE ratio is 10.78. This takes into account the latest EPS of $13.88 and stock price of $149.56. The PE ratio marks a decrease of 51% from its last 4 quarters average of 22.0.
The PE ratio of Johnson & Johnson has averaged 45.8 over the last ten years. The current P/E ratio of 10.78 is 76% lower than the historical average. Looking back at the last ten years, JNJ's PE ratio peaked in the Dec 2017 quarter at 291.08, when the price was $139.72 and the EPS was $0.48. The lowest point was in the Dec 2023 quarter, when it reached 11.29 with a price of $156.74 and an EPS of $13.88.
Maximum annual increase: 1,426.38% in 2017
Maximum annual decrease: -92.33% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 11.29 | -56.34% |
| 2023 | 25.86 | 19.89% |
| 2022 | 21.57 | -23.37% |
| 2021 | 28.15 | 10.48% |
| 2019 | 25.48 | 14.11% |
| 2018 | 22.33 | -92.33% |
| 2017 | 291.08 | 1,426.38% |
| 2017 | 19.07 | 3.25% |
| 2016 | 18.47 | 1.99% |
| 2014 | 18.11 | -3.52% |
JNJ's current PE ratio is lower than its 3, 5 and 10-year averages.
In comparison to its peer stocks LLY and MRK, JNJ's PE ratio is lower. Johnson & Johnson's PE ratio is trading below the peer average of 32.73.
| Stock name | PE ratio | Market cap |
|---|---|---|
| JNJ Johnson & Johnson | 10.78 | $360.26B |
| NVS Novartis AG | 13.13 | $198.49B |
| GILD Gilead Sciences Inc | 14.76 | $83.5B |
| MDT Medtronic plc | 25.81 | $107.94B |
| ABT Abbott Laboratories | 32.8 | $186.69B |
| SYK Stryker Corp | 40.16 | $127.35B |
| PFE Pfizer Inc | 69.26 | $148.62B |
| LLY ELI LILLY & Co | 128.13 | $708.53B |
| MRK Merck & Co Inc | 906.29 | $321.34B |
JNJ stock has a price to earnings ratio of 10.78 as of Apr 23, 2024.
The average PE ratio for JNJ stock over the past 3 years is 23.25.
The average PE ratio for JNJ stock over the past 5 years is 23.69.
Over the last ten years, the Dec 2017 quarter recorded the highest quarterly PE ratio at 291.08.
JNJ's price to earnings ratio is currently 76% below its 10-year historical average.
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Apr 23, 2024), Johnson & Johnson's share price is $149.56. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $13.88. Therefore, Johnson & Johnson's PE ratio for today is 10.78. PE RATIO(10.78) = STOCK PRICE($149.56) / TTM EPS($13.88)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.