As of Jul 26, 2024, the Johnson & Johnson stock's PE ratio is 10.55. This takes into account the latest EPS of $15.23 and stock price of $160.64. The PE ratio at present is nearly equal to the average from the previous 4 quarters.
The PE ratio of Johnson & Johnson has averaged 44.68 over the last ten years. The current P/E ratio of 10.55 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 Jun 2024 quarter, when it reached 9.6 with a price of $146.16 and an EPS of $15.23.
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 28.11.
| Stock name | PE ratio | Market cap |
|---|---|---|
| JNJ Johnson & Johnson | 10.55 | $386.7B |
| NVS Novartis AG | 13.96 | $225.1B |
| MDT Medtronic plc | 28.41 | $100.91B |
| ABT Abbott Laboratories | 32.58 | $183.08B |
| SYK Stryker Corp | 37.48 | $126.35B |
| LLY ELI LILLY & Co | 117.98 | $764.72B |
| MRK Merck & Co Inc | 137.65 | $317.26B |
| GILD Gilead Sciences Inc | 192.53 | $95.94B |
| PFE Pfizer Inc | N/A | $174.36B |
JNJ stock has a price to earnings ratio of 10.55 as of Jul 26, 2024.
The average PE ratio for JNJ stock over the past 3 years is 20.89.
The average PE ratio for JNJ stock over the past 5 years is 22.36.
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 (Jul 26, 2024), Johnson & Johnson's share price is $160.64. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $15.23. Therefore, Johnson & Johnson's PE ratio for today is 10.55. PE RATIO(10.55) = STOCK PRICE($160.64) / TTM EPS($15.23)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.