Back to JNJ overview

JNJ Johnson & Johnson PE ratio, current and historical analysis

As of Jun 20, 2024, the Johnson & Johnson stock's PE ratio is 9.68. This takes into account the latest EPS of $15.26 and stock price of $147.78. The PE ratio marks a decrease of 42% from its last 4 quarters average of 16.6.

JNJ PE ratio history

How has JNJ's PE ratio performed in the past

The PE ratio of Johnson & Johnson has averaged 44.91 over the last ten years. The current P/E ratio of 9.68 is 78% 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 Mar 2024 quarter, when it reached 10.37 with a price of $158.19 and an EPS of $15.26.

Average
44.91
Median
22.36
Minimum
10.37
Maximum
291.08

Johnson & Johnson PE ratio by year

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 average PE ratio chart

What is the average PE ratio of JNJ for the past years

JNJ's current PE ratio is lower than its 3, 5 and 10-year averages.

3-year avg
22.18
5-year avg
23.02
10-year avg
44.91
15-year avg
35.42

JNJ PE vs peers

What is JNJ's PE ratio compared to its peers

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 27.82.

Stock name PE ratio Market cap
JNJ Johnson & Johnson 9.68 $355.66B
NVS Novartis AG 14.27 $215.75B
MDT Medtronic plc 28.94 $102.8B
ABT Abbott Laboratories 32.99 $185.39B
SYK Stryker Corp 38.57 $130.04B
LLY ELI LILLY & Co 129.91 $842.05B
MRK Merck & Co Inc 142.49 $328.43B
GILD Gilead Sciences Inc 171.23 $85.33B
PFE Pfizer Inc N/A $157.19B

Frequently asked questions

What is Johnson & Johnson's PE ratio?

JNJ stock has a price to earnings ratio of 9.68 as of Jun 20, 2024.

What is the 3-year average PE ratio for Johnson & Johnson (JNJ)?

The average PE ratio for JNJ stock over the past 3 years is 22.18.

What is the 5-year average PE ratio for Johnson & Johnson (JNJ)?

The average PE ratio for JNJ stock over the past 5 years is 23.02.

What is the highest PE ratio for JNJ?

Over the last ten years, the Dec 2017 quarter recorded the highest quarterly PE ratio at 291.08.

How does the current PE ratio for JNJ compare to its historical average?

JNJ's price to earnings ratio is currently 78% below its 10-year historical average.

Why is Johnson & Johnson's PE ratio so low?

JNJ's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.

How is JNJ's PE ratio calculated (Johnson & Johnson PE ratio formula)?

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 (Jun 20, 2024), Johnson & Johnson's share price is $147.78. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $15.26. Therefore, Johnson & Johnson's PE ratio for today is 9.68. PE RATIO(9.68) = STOCK PRICE($147.78) / TTM EPS($15.26)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.