AstraZeneca PLC

OM:AZN Stock Report

Market Cap: SEK 2.5t

AstraZeneca Valuation

Is AZN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AZN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

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Below Future Cash Flow Value: AZN (SEK1629.5) is trading below our estimate of future cash flow value (SEK3116.58)

Significantly Below Future Cash Flow Value: AZN is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AZN?

Key metric: As AZN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AZN. This is calculated by dividing AZN's market cap by their current earnings.
What is AZN's PE Ratio?
PE Ratio25.4x
EarningsUS$10.39b
Market CapUS$263.79b

Price to Earnings Ratio vs Peers

How does AZN's PE Ratio compare to its peers?

The above table shows the PE ratio for AZN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.1x
CAMX Camurus
53.7x32.07%SEK 36.6b
NOVN Novartis
20.5x9.34%CHF 223.3b
MRK Merck
34.2x20.99%US$298.3b
NOVO B Novo Nordisk
12x-1.23%DKK 1.5t
AZN AstraZeneca
25.4x13.26%SEK 194.9b

Price-To-Earnings vs Peers: AZN is good value based on its Price-To-Earnings Ratio (25.4x) compared to the peer average (30.1x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does AZN's PE Ratio compare vs other companies in the European Pharmaceuticals Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
AZN 25.4xIndustry Avg. 20.7xNo. of Companies8PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AZN is expensive based on its Price-To-Earnings Ratio (25.4x) compared to the European Pharmaceuticals industry average (20.6x).

Price to Earnings Ratio vs Fair Ratio

What is AZN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AZN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.4x
Fair PE Ratio56.2x

Price-To-Earnings vs Fair Ratio: AZN is good value based on its Price-To-Earnings Ratio (25.4x) compared to the estimated Fair Price-To-Earnings Ratio (56.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AZN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 1,629.50
SEK 2,056.38
+26.20%
12.76%SEK 2,394.81SEK 1,468.12n/a22
Jul ’27SEK 1,792.50
SEK 2,121.54
+18.36%
12.67%SEK 2,450.51SEK 1,478.51n/a22
Jun ’27SEK 1,678.50
SEK 2,061.52
+22.82%
11.96%SEK 2,358.52SEK 1,414.08n/a21
May ’27SEK 1,733.50
SEK 2,038.18
+17.58%
11.92%SEK 2,338.32SEK 1,395.50n/a21
Apr ’27SEK 1,871.50
SEK 2,057.51
+9.94%
12.27%SEK 2,550.05SEK 1,424.76n/a21
Mar ’27SEK 1,883.50
SEK 1,959.99
+4.06%
12.50%SEK 2,489.98SEK 1,364.96n/a21
Feb ’27SEK 1,649.50
SEK 1,863.54
+12.98%
12.14%SEK 2,188.48SEK 1,312.08n/a21
Jan ’27SEK 1,703.50
SEK 1,857.04
+9.01%
12.14%SEK 2,259.55SEK 1,267.98n/a19
Dec ’26SEK 1,727.00
SEK 1,828.09
+5.85%
11.72%SEK 2,286.00SEK 1,301.51n/a19
Nov ’26SEK 1,554.00
SEK 1,821.28
+17.20%
11.10%SEK 2,270.34SEK 1,339.69n/a19
Oct ’26SEK 1,568.00
SEK 1,747.81
+11.47%
13.69%SEK 2,295.95SEK 1,368.79n/a19
Sep ’26SEK 1,508.00
SEK 1,722.22
+14.21%
13.71%SEK 2,290.24SEK 1,365.39n/a19
Aug ’26SEK 1,426.50
SEK 1,759.95
+23.38%
12.33%SEK 2,255.97SEK 1,406.91n/a19
Jul ’26SEK 1,362.00
SEK 1,735.03
+27.39%
12.82%SEK 2,194.25SEK 1,387.17SEK 1,792.5020
Jun ’26SEK 1,375.50
SEK 1,742.67
+26.69%
12.41%SEK 2,216.43SEK 1,400.40SEK 1,678.5020
May ’26SEK 1,398.00
SEK 1,773.89
+26.89%
12.83%SEK 2,254.11SEK 1,424.21SEK 1,733.5020
Apr ’26SEK 1,470.00
SEK 1,814.15
+23.41%
13.50%SEK 2,468.10SEK 1,356.74SEK 1,871.5020
Mar ’26SEK 1,622.00
SEK 1,889.96
+16.52%
13.20%SEK 2,561.07SEK 1,444.68SEK 1,883.5020
Feb ’26SEK 1,566.00
SEK 1,898.86
+21.26%
13.61%SEK 2,443.96SEK 1,407.33SEK 1,649.5019
Jan ’26SEK 1,446.50
SEK 1,941.41
+34.21%
13.44%SEK 2,496.30SEK 1,468.06SEK 1,703.5019
Dec ’25SEK 1,471.00
SEK 1,934.74
+31.53%
13.26%SEK 2,490.59SEK 1,457.81SEK 1,727.0019
Nov ’25SEK 1,526.00
SEK 1,976.34
+29.51%
15.28%SEK 2,779.38SEK 1,466.07SEK 1,554.0019
Oct ’25SEK 1,605.50
SEK 1,902.13
+18.48%
14.58%SEK 2,674.47SEK 1,430.99SEK 1,568.0020
Sep ’25SEK 1,783.50
SEK 1,854.60
+3.99%
11.73%SEK 2,318.46SEK 1,451.85SEK 1,508.0021
Aug ’25SEK 1,711.50
SEK 1,929.28
+12.72%
11.56%SEK 2,417.43SEK 1,513.83SEK 1,426.5022
Jul ’25SEK 1,659.50
SEK 1,853.46
+11.69%
12.07%SEK 2,396.64SEK 1,458.73SEK 1,362.0022
SEK 2.06k
Fair Value
21.0% undervalued intrinsic discount
22
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/15 03:36
End of Day Share Price 2026/07/15 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

AstraZeneca PLC is covered by 56 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
John EadeArgus Research Company
Odile RundquistBaader Helvea Equity Research