Novartis (NVS) Stock Overview

Researches, develops, manufactures, distributes, markets, and sells pharmaceutical medicines in Switzerland and internationally. More details

NVS fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	2/6
Past Performance	3/6
Financial Health	2/6
Dividends	5/6

Rewards

Trading at 55.1% below our estimate of its fair value

Earnings are forecast to grow 9.34% per year

Earnings grew by 5.2% over the past year

Pays a reliable dividend of 2.96%

Risk Analysis

Has a high level of debt

NVS Community Fair Values

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Novartis AG Competitors

Price History & Performance

Summary of share price highs, lows and changes for Novartis
Historical stock prices
Current Share Price	CHF 154.62
52 Week High	CHF 170.46
52 Week Low	CHF 112.34
Beta	0.49
1 Month Change	3.69%
3 Month Change	0.37%
1 Year Change	24.97%
3 Year Change	57.25%
5 Year Change	69.45%
Change since IPO	1,684.94%

Recent News & Updates

Seeking Alpha • Jul 04

Novartis: 'Hold' On Continued Generic Erosion And Need For H2 2026 Catalysts

Summary Novartis is downgraded from 'Strong Buy' to 'Hold' due to significant generic erosion impacting Q1 2026 sales and future growth outlook. Q1 2026 sales declined 5% [cc] to $13.1B, with ENTRESTO dropping 46% and ZOLGENSMA down 12%, offset by strong growth in KISQALI [55%] and PLUVICTO [70%]. ITVISMA's European approval expands the SMA franchise to a broader patient group, while PLUVICTO's sNDA for mHSPC could drive future growth if approved. Full-year 2026 revenue guidance is for low single-digit percentage growth; upcoming 2H 2026 data readouts are critical for improving the mid- to long-term outlook. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Jul 04

Novartis: 'Hold' On Continued Generic Erosion And Need For H2 2026 Catalysts

Seeking Alpha • Feb 27

Why Novartis Remains A 'Buy' After Beating Expectations Again

Summary At the end of January, Novartis pleasantly surprised me with its financial results for Q4 2024, which were achieved, in part, due to the strong performance of its oncology franchise. So, sales of Pluvicto, a medication for the treatment of prostate cancer, reached $351 million in the fourth quarter of 2024, an increase of 28.6% year-on-year. Novartis' dividend yield currently stands at 3.58%, which is significantly higher than that of the healthcare sector. In this article, dear Seeking Alpha readers, you'll know more about why I believe Novartis is an appealing stock for income-oriented investors. Read the full article on Seeking Alpha

Seeking Alpha • Feb 14

Novartis: Just What The Doctor Ordered

Summary Novartis' robust drug pipeline and strong financials, including an AA- credit rating, support an 11% annual return expectation by 2027. The company's diverse blockbuster portfolio and strategic cost management drove a 15.1% sales increase and 29% EPS growth in Q4 2024. Novartis' shares are undervalued by 11%, offering a 33% cumulative return potential through 2027, with a secure and growing 3.5% dividend yield. Despite industry risks, Novartis' growth outlook remains positive, bolstered by a solid drug roster, pipeline, and exceptional balance sheet. Read the full article on Seeking Alpha

Seeking Alpha • Jan 10

Novartis: Explaining YE24 Loss Of Momentum, Outlining Prospects For 2025

Summary Novartis experienced a strong bull run in 2024 but saw a 13% pullback post Q3 earnings, making for a potential "buy the dip" opportunity. Despite impressive Q3 financials, market concerns about 2025 patent expirations for key drugs like Entresto, Promacta, and Tasigna triggered a sell-off. Novartis' robust pipeline and new product launches are expected to offset losses from patent expirations, supporting long-term growth and a "Buy" rating. At prices below $100 per share, Novartis stock is an attractive buy, but investors need patience due to potential short-term revenue declines. Read the full article on Seeking Alpha

Seeking Alpha • Dec 13

Novartis: Time To Increase

Summary Novartis faces headwinds from Kisqali patent litigation and Entresto competition, but clinical advancements and increased mid-term sales guidance support our Buy rating. Key growth drivers include higher investments in R&D and strategic early stake acquisitions. The CEO's focus on cash generation, dividend growth, and share buybacks provides downside protection and supports EPS growth ahead of consensus. Read the full article on Seeking Alpha

Seeking Alpha • Oct 25

What To Expect When Novartis Reports Q3 2024 Results

Summary Novartis will report Q3 results next week and I expect the company to beat EPS and revenue estimates, and increase the full-year revenue and core operating income guidance. Key growth products should drive high single-digit revenue growth in the third quarter. Recent litigation updates on Entresto were negative and Novartis continues to anticipate a 2H 2025 generic launch. No major new pipeline updates are expected next week. Read the full article on Seeking Alpha

Shareholder Returns

	NVS	US Pharmaceuticals	US Market
7D	-3.3%	-0.5%	0.6%
1Y	25.0%	45.8%	19.5%

Return vs Industry: NVS underperformed the US Pharmaceuticals industry which returned 47.2% over the past year.

Return vs Market: NVS exceeded the US Market which returned 18.4% over the past year.

Price Volatility

Is NVS's price volatile compared to industry and market?
NVS volatility
NVS Average Weekly Movement	3.4%
Pharmaceuticals Industry Average Movement	9.2%
Market Average Movement	7.3%
10% most volatile stocks in US Market	16.7%
10% least volatile stocks in US Market	3.2%

Stable Share Price: NVS has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: NVS's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1996	75,267	Vas Narasimhan	www.novartis.com

Novartis AG researches, develops, manufactures, distributes, markets, and sells pharmaceutical medicines in Switzerland and internationally. The company offers Entresto, an angiotensin receptorneprilysin inhibitor to treat symptomatic chronic heart failure with reduced ejection fraction (HFrEF); Cosentyx to treat plaque psoriasis, pso riatic arthritis, ankylosing spondylitis, and nonradiographic axial spondy loarthritis; Kisqali, a selective oral cyclin dependent inhibitor of kinases 4 and 6 (CDK4/6); Promacta/Revolade to treat immune thrombocytopenia (ITP), thrombocytopenia, and patients with severe aplastic anemia (SAA); Tafinlar+Mekinist, an oral combination therapy to treat patients with certain types of cancers; and Jakavi for the treatment of myelofibrosis, polycythemia vera, and acute or chronic graftversushost disease (GvHD). It also provides Tasigna to treat philadelphia chromosomepositive chronic myeloid leukemia in the chronic and/or accelerated phase; Xolair for the treatment of allergic asthma and nasal polyps or severe chronic rhinosi nusitis with nasal polyps; Ilaris to treat fever syndromes, Still’s disease, and acute gouty arthritis; Pluvicto to treat prostatespecific membrane anti genpositive metastatic castrationresistant prostate cancer; Sandostatin SC and Sandostatin LAR to treat acromegaly carcinoid tumors and other types of functional gastro intestinal and pancreatic neuroendocrine tumors; Zolgensma for the treatment of genetic root cause of spinal muscular atrophy; Lucentis; Leqvio to reduce LDL cholesterol; Lutathera; Scemblix; and Fabhalta.

Novartis AG Fundamentals Summary

How do Novartis's earnings and revenue compare to its market cap?
NVS fundamental statistics
Market cap	US$281.94b
Earnings (TTM)	US$13.53b
Revenue (TTM)	US$56.58b

20.8x

P/E Ratio

5.0x

P/S Ratio

Is NVS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NVS income statement (TTM)
Revenue	US$56.58b
Cost of Revenue	US$13.83b
Gross Profit	US$42.75b
Other Expenses	US$29.21b
Earnings	US$13.53b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Jul 21, 2026

Earnings per share (EPS)	7.39
Gross Margin	75.55%
Net Profit Margin	23.92%
Debt/Equity Ratio	115.8%

How did NVS perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

66%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/09 09:22
End of Day Share Price	2026/07/09 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Novartis AG is covered by 55 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
John Eade	Argus Research Company
Odile Rundquist	Baader Helvea Equity Research
Gerhard Schwarz	Baader Helvea Equity Research

Novartis (NVS) Stock Overview

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Novartis AG Competitors

Merck

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Pfizer

Price History & Performance

Recent News & Updates

Novartis AG (SWX:NOVN) entered into an agreement to acquire Myricx Pharma Ltd from Sofinnova Partners SAS and others for $1.5 billion.

Novartis: 'Hold' On Continued Generic Erosion And Need For H2 2026 Catalysts

Novartis AG Receives European Commission Approval For Itvisma For Spinal Muscular Atrophy

Novartis AG Presents RemIND Data At EAACI Demonstrating Rhapsido Potential As First Targeted Therapy For Chronic Inducible Urticaria

Novartis AG Announces Phase I/II Study Results For Delpacibart Braxlosiran In Facioscapulohumeral Muscular Dystrophy

Novartis Reports Final 2.5-Year Phase III ALIGN Results Showing Slower Kidney Function Decline With Vanrafia (Atrasentan) Versus Placebo In Adults With IgA Nephropathy

Recent updates

Novartis AG (SWX:NOVN) entered into an agreement to acquire Myricx Pharma Ltd from Sofinnova Partners SAS and others for $1.5 billion.

Novartis: 'Hold' On Continued Generic Erosion And Need For H2 2026 Catalysts

Novartis AG Receives European Commission Approval For Itvisma For Spinal Muscular Atrophy

Novartis AG Presents RemIND Data At EAACI Demonstrating Rhapsido Potential As First Targeted Therapy For Chronic Inducible Urticaria

Novartis AG Announces Phase I/II Study Results For Delpacibart Braxlosiran In Facioscapulohumeral Muscular Dystrophy

Novartis Reports Final 2.5-Year Phase III ALIGN Results Showing Slower Kidney Function Decline With Vanrafia (Atrasentan) Versus Placebo In Adults With IgA Nephropathy

Novartis Reports 144-Week Data from Asc4first Trial of Scemblix Demonstrating Superior Efficacy and Safety in Newly Diagnosed Cml

Novartis Demonstrates Consistent Efficacy Of Pluvicto In Metastatic Hormone-Sensitive Prostate Cancer And Presents Promising Phase 1 Data For Actinium-Based RLT

Novartis Announces New Data For Pluvicto In Metastatic Hormone-Sensitive Prostate Cancer

Novartis Ag Reaffirms Earnings Guidance for the Full Year 2026

Novartis Receives European Commission Approval for Rhapsido as First Oral Targeted Treatment for Chronic Spontaneous Urticaria

Novartis Announces Coartem Baby Receives Who Prequalification

Novartis Announces Expansion of Community Health Programs to Close Gaps in Heart Disease and Cancer Care

Novartis AG (SWX:NOVN) entered into a definitive agreement to acquire Pikavation Therapeutics, Inc. from Synnovation Therapeutics, Inc. for $3 billion.

Novartis Announces FDA Approval for Cosentyx for Pediatric Patients with Moderate to Severe Hidradenitis Suppurativa

Novartis AG Approves Dividend for 2025, Payable from March 12, 2026

Novartis Receives Positive Chmp Opinion for Remibrutinib in Chronic Spontaneous Urticaria (Csu)

Novartis Announces Multiple US Real-World Studies Delivering New Insights Across Metastatic Prostate Cancer

Novartis Presents Rhapsido®? (Remibrutinib) Data At Aaaai, Showing Potential Beyond Chronic Spontaneous Urticaria (Csu)

Chryscapital Fund X, a fund managed by ChrysCapital Advisors LLP and Two Infinity Partners entered into the Agreement to acquire to acquire 14.23% stake in Novartis India Limited (BSE:500672) from Novartis AG (SWX:NOVN) for INR 2.5 billion.

Novartis Announces Positive Topline Results from its Pivotal Phase III Remind Trial of Oral Remibrutinib in Chronic Inducible Urticaria (CIndU)

Novartis Announces Final Results from the Phase III ALIGN Study

Novartis Canada Receives Positive Draft Recommendation from Canada's Drug Agency for All Eligible Early Breast Cancer Patients At High Risk of Recurrence

Novartis AG, Annual General Meeting, Mar 06, 2026

Novartis Ag Reports Impairment Charges for the Fourth Quarter Ended December 31, 2025

Novartis Ianalumab Receives Fda Breakthrough Therapy Designation for Sjogren's Disease

Novartis Announces Results from One in Four Patients with Hectaree (ribociclib) Plus Endocrine Therapy (ET)

Novartis Receives FDA Approval for Itvisma®?, the Only Gene Replacement Therapy for Children Two Years and Older, Teens, and Adults with Spinal Muscular Dystrophy (SMA)

Novartis AG Provides Sales Guidance for 2025-2030

Novartis Announces Positive Results from KALUMA, a Phase III Study for New Malaria Treatment KLU156

Novartis AG Presents New Iianalumab Data in Sjogren's Disease

Novartis AG (SWX:NOVN) completed the acquisition of 92.94% in Tourmaline Bio, Inc. (NasdaqGS:TRML).

Novartis Showcases Significant Immunology Advancements in ACR Congress with New Data in Complex Autoimmune Diseases

Novartis Cosentyx Metals in Phase III Trial in Patients with Polymyalgia Rheumatica (PMR)

Novartis Presents New Pluvicto (Lutetium (177Lu) Vipivotide Tetraxetan) Data from the Phase III PSMAddition Trial in a Presidential Symposium at the European Society for Medical Oncology Congress 2025

Novartis Announces Results from Five-Year Analysis of Pivotal Phase III NATALEE Trial of Kisqali (Ribociclib)

Samsung Electronics Co., Ltd. (KOSE:A005930) completed the acquisition of Xealth Inc.

Novartis Scemblix Receives Positive CHMP Opinion for the Treatment of Adults with Newly Diagnated CML

Novartis Announces Positive Final Results from APPLAUSE-IgAN, A Phase III Study Evaluating Fabhalta®? (Iptacopan) in Adults Living with IgAN

Novartis AG Receives FDA Approval for Rhapsido®? (Remibrutinib)

Novartis to Launch Direct-To-Patient Platform for Cosentyx (Secukinumab) in the US

Novartis to Showcase Transformative Data in Advanced Prostate and Early Breast Cancer At Esmo 2025

Novartis Announces New Data from Two Kesimpta®? (Ofatumumab) Studies in Relapsing Multiple Sclerosis

Novartis AG (SWX:NOVN) entered into an agreement to acquire Tourmaline Bio, Inc. (NasdaqGS:TRML) for $1.2 billion.

Novartis Announces Bothianalumab Phase III Clinical Trials Met Primary Endpoint in Patients with Sjogren's Disease

Novartis Reportedly Weighs Deal for Biotech Avidity to Boost Drug Pipeline

Novartis AG Revises Earnings Guidance for Full Year 2025

Novartis Announces Executive Committee Changes

Samsung Electronics Co., Ltd. (KOSE:A005930) signed an agreement to acquire Xealth Inc.

Novartis Provides Update on Phase III GCAptAIN Study of Cosentyx in Giant Cell Arthritis (GCA)

Novartis AG (SWX:NOVN)completed the acquisition of Regulus Therapeutics Inc. (NasdaqCM:RGLS).

Novartis Announces Topline Results from Pre-Specified Interim Analysis of the Phase III PSMAddition Trial

Novartis AG (SWX:NOVN) entered into an agreement and plan of merger to acquire Regulus Therapeutics Inc. (NasdaqCM:RGLS) for approximately $470 million.

Novartis AG (SWX:NOVN) completed the acquisition of an unknown majority stake in Anthos Therapeutics, Inc. from Blackstone Life Sciences.

Novartis Receives FDA Accelerated Approval for Vanrafia (Atrasentan) for the Reduction of Proteinuria in Adults with Primary Immunoglobulin A Nephropathy

Market Volatility Derails Novartis' Plan to Sell Stake in its India Arm

Novartis Announces Executive Changes

Fda Approves Novartis Radioligand Therapy Pluvicto for Early Use Before Chemotherapy in Psma-Positive Metastatic Castration-Resistant Prostate Cancer

New Novartis Phase III Data Demonstrates Meaningful Efficacy and Safety Results of Intriathecal Onasemnogeneabeparvovec in Broad Patient Population with SMA

Novartis AG Approves Dividend for 2024, Payable from March 13, 2025

Novartis Oral Fabhalta (Iptacopan) Receives Positive CHMP Opinion for the Treatment of Adults Living with C3 Glomerulopathy (C3g)

Why Novartis Remains A 'Buy' After Beating Expectations Again