Novartis Ag (NVS) EV to CFO (2009 - 2026)
Novartis Ag's EV to CFO came in at 15.86 for Q2 2026, up 42.1% from 11.16 a year earlier and up 6.8% from the prior quarter.
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Analysis
Novartis Ag (NVS) EV to CFO (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Novartis Ag reported EV to CFO of 14.32, up 50.8% year-over-year; for FY2025, it was 13.16, up 29.7% from FY2024.
- Going back by year, EV to CFO was 10.15 in FY2024 (-23.6%), 13.28 in FY2023 (+9.0%), 12.18 in FY2022 (+9.7%) and 11.10 in FY2021 (-24.8%).
- The Q2 2026 figure represents the highest quarterly EV to CFO since Q3 2013.
- Year-over-year, EV to CFO has increased for three consecutive quarters, with growth averaging 4.5% over the last eight quarters.
- The fastest year-over-year change in EV to CFO over five years came in Q2 2026 (growth of 42.1%), and the weakest in Q4 2021 (a decline of 24.8%).
- Business Quant data shows NVS's EV to CFO at 14.86 (Q1 2026), 13.16 (Q4 2025) and 11.58 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Eli Lilly | 1,264.65 Bn | 1,238.27 Bn | 20.46 Bn |
| 2 | Johnson & Johnson | 677.74 Bn | 597.60 Bn | 17.30 Bn |
| 3 | AbbVie | 517.10 Bn | 485.11 Bn | 13.12 Bn |
| 4 | Merck | 362.23 Bn | 325.17 Bn | 13.19 Bn |
| 5 | Novartis Ag | 315.90 Bn | 276.16 Bn | 11.24 Bn |
| 6 | Astrazeneca | 289.40 Bn | 266.24 Bn | 12.86 Bn |
| 7 | Amgen | 249.90 Bn | 201.56 Bn | 7.58 Bn |
| 8 | Gilead Sciences | 209.15 Bn | 184.26 Bn | 6.73 Bn |
| 9 | Pfizer | 165.88 Bn | 113.23 Bn | 12.56 Bn |
| 10 | Vertex Pharmaceuticals | 138.78 Bn | 110.77 Bn | 2.91 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.86 |
| Mar 31, 2026 | 14.86 |
| Dec 31, 2025 | 13.16 |
| Sep 30, 2025 | 11.58 |
| Jun 30, 2025 | 11.16 |
| Mar 31, 2025 | 11.21 |
| Dec 31, 2024 | 10.15 |
| Sep 30, 2024 | 13.85 |
| Jun 30, 2024 | 13.90 |
| Mar 31, 2024 | 13.66 |
| Dec 31, 2023 | 13.28 |
| Sep 30, 2023 | 12.69 |
| Jun 30, 2023 | 13.20 |
| Mar 31, 2023 | 11.76 |
| Dec 31, 2022 | 12.18 |
| Sep 30, 2022 | 10.77 |
| Jun 30, 2022 | 11.91 |
| Mar 31, 2022 | 12.16 |
| Dec 31, 2021 | 11.10 |
| Sep 30, 2021 | 11.62 |
API Access
Novartis Ag EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=NVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "NVS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=NVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();