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Johnson & Johnson (JNJ)

Juste valeur
HealthcareDrug Manufacturers - GeneralUnited States

Fondamental

58

Prix

$262.69

Capitalisation boursière

$655.37B

Partie 1 · Ce que vaut l'entreprise

Vue d'ensemble

Johnson & Johnson, together with its subsidiaries, engages in the research and development, manufacture, and sale of a range of products in the healthcare field worldwide. It operates in two segments, Innovative Medicine and MedTech. The Innovative Medicine segment offers products for various therapeutic areas, such as oncology, immunology, neuroscience, pulmonary hypertension, infectious diseases, and cardiovascular and metabolism distributed through retailers, wholesalers, distributors, hospitals, and healthcare professionals for prescription use. The MedTech segment provides a portfolio of products used in the surgery, orthopedic, cardiovascular, and vision fields distributed through wholesalers, hospitals and retailers, and used in the professional fields by physicians, nurses, hospitals, eye care professionals and clinics. This segment also offers products and enabling technologies that support joint reconstruction, trauma, spine, sports related injuries, and others, as well as open, laparoscopic, and robotic surgical procedures; instrumentation, energy devices, stapling systems, wound closure, biosurgery products, and digital and robotic technologies; breast aesthetics and reconstruction; contact lenses under the ACUVUE brand; intraocular lenses for cataract surgery, and other products used in cataract and refractive procedures under the TECNIS brand. The company was founded in 1886 and is based in New Brunswick, New Jersey.

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Direct competitors

Who this company fights with for the same customers

Compare

Generated on 19 septembre 2026 with claude-haiku-4-5 — shared with all users

P/E: 37.5Score: 72Market cap: $163.69B

Both are large US-based pharmaceutical groups selling branded prescription medicines to the same hospitals, payers and physicians, with directly overlapping oncology, immunology, vaccine and anti-infective franchises.

P/E: 73.9Score: 71Market cap: $470.55B

AbbVie's Skyrizi and Rinvoq compete head-to-head with Johnson & Johnson's Stelara and Tremfya for the same psoriasis, psoriatic arthritis and inflammatory bowel disease patients.

P/E: 116.2Score: 63Market cap: $366.84B

Merck competes for the same oncology prescriptions, above all in solid tumours and multiple myeloma treatment lines, and for the same public and private vaccine budgets.

P/E: 27.7Score: 65Market cap: $175.89B

Abbott competes directly with Biosense Webster in cardiac electrophysiology catheters and mapping, and with the Vision business in eye-care devices.

P/E: 28.5Score: 70Market cap: $105.60B

Stryker fights DePuy Synthes for the same orthopaedic surgeons and hospital contracts in hip and knee implants, trauma and robotic-assisted surgery.

Medtronic plcMDT

Medtronic is the closest rival to the MedTech segment, selling competing cardiac ablation, surgical stapling and spine systems to the same hospital purchasing departments worldwide.

Bilan & Liquidités

Chiffre d'affaires

$97.93B

12 derniers mois (au 28/06/2026)

Résultat net

$21.04B

12 derniers mois (au 28/06/2026)

Flux de trésorerie libre

$19.70B

Capitaux propres totaux

$81.54B

Passif total

$117.67B

Ratio de liquidité général

1.09

Couverture des intérêts

-

Dette/EBITDA

1.41

Bénéfice par action

Chiffre d'affaires & Résultat net

Flux de trésorerie libre

Décomposition du résultat

État historique

Marges dans le temps

La dette dans le temps

Le poids de la dette

Grille de la croissance

Croissance — Chiffre d'affaires

Estimation de la juste valeur

Cas généralJustement valorisé

Juste valeur

$251.81

Prix actuel

$262.69

Marge de sécurité

-4.3%

Fourchette de juste valeur

$186.70 - $316.93

Écart entre les méthodes de valorisation utilisées, pas un intervalle de confiance calibré statistiquement.

Méthodes d'estimation

Objectif de cours des analystes:$277.91
Flux de trésorerie actualisés (DCF):$316.44
Multiple de résultat (P/E):$189.43
Formule de croissance de Graham:$290.53
Valeur de la capacité bénéficiaire (EPV):$101.97
P/B justifié:$184.05
Actualisation des dividendes (Gordon):$133.71
P/FFO, les fonds provenant de l'exploitation:$227.77
Bénéfices de milieu de cycle:$199.24
Multiple sur le chiffre d'affaires:$158.12
Consensus des analystes:Acheter (22B / 9H / 0S)
Dernière surprise sur les résultats:+0.89%

Indicateurs de valorisation

Ratio P/E

30.75

ROE

32.9%

Ratio P/B

7.51

P/FCF

28.68

Marge brute

67.9%

ROIC

-

Radar de rentabilité

Création de valeur (avantage concurrentiel)

ROIC

-

WACC

7.5%

ROIC − WACC

-

Critères d'analyse fondamentale

Réussi (16)

  • EPS shows upward trend
  • EPS CAGR 6.37%
  • Price CAGR 8.71%
  • Gross Margin 67.9%
  • P/FCF 28.68
  • Debt/Equity ratio
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 25.7%
  • Analyst Consensus 71% Buy
  • Earnings Quality (OCF/NI) 1.31
  • Share Dilution 0.0%
  • Piotroski F-Score 5/9

Échoué (8)

  • P/B Ratio 7.51
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Revenue Growth 5Y 2.7%
  • Earnings Surprise avg 0.4%
  • PEG Ratio 2.09
  • Net Margin Trend 21.5% vs 25.0%

Indisponible (4)

  • ROIC NaN%
  • Dividend Payout NaN%
  • Operating Margin NaN%
  • Interest Coverage

Score F de Piotroski

5/9

Signaux mixtes : certains domaines nécessitent attention

score
criteria

Qualité des bénéfices

1.31

Qualité élevée : bénéfices soutenus par la trésorerie

Dilution du capital

0.0%

Rachat d'actions. Favorable aux actionnaires

Participations institutionnelles

Gouvernance

Équipe dirigeante

NomTitreÂge
Mr. Joaquin DuatoCEO & Chairman62
Mr. Joseph James Wolk CPAExecutive VP & CFO58
Dr. John C. Reed M.D., Ph.D.Executive Vice President of Innovative Medicine and R&D67
Mr. Timothy SchmidExecutive VP & Worldwide Chairman of MedTech55
Mr. Robert J. Decker Jr.Controller & Chief Accounting Officer52
Mr. James SwansonExecutive VP & Chief Information Officer59
Mr. Ryan KoorsVice President of Investor Relations-
Mr. Dirk BrinckmanChief Compliance Officer-
Ms. Elizabeth Forminard J.D.Executive VP & Chief Legal Officer54
Ms. Kristen Blair MulhollandExecutive VP & Chief HR Officer58

Risque d'audit

4

Risque du conseil

7

Risque de rémunération

4

Risque droits des actionnaires

3

Partie 2 · Le prix et le moment d'entrer

Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.

Documents

  • Rapport annuel (10-K)

    Un aperçu annuel de l'activité, des résultats financiers et des risques de l'entreprise.

    Déposé le 2026-02-11

    Voir le document
  • Rapport trimestriel (10-Q)

    Une mise à jour de la performance financière des trois derniers mois.

    Déposé le 2026-07-23

    Voir le document
  • Rapport d'événement important (8-K)

    Un avis concernant un événement important, comme un changement de direction ou une annonce majeure.

    Déposé le 2026-08-04

    Voir le document

via SEC EDGAR

Historique des résultats

via SEC EDGAR

Latest News

Recent headlines for JNJ, sourced from Markets Gazette.

  • 8/2/2026POSITIVE
    This Surgical Robot Could Transform the Operating Room

    Johnson & Johnson has secured FDA approval for its Ottava surgical robot, marking a significant milestone after years of development and substantial investment. This breakthrough positions J&J to potentially disrupt the established surgical robotics market, currently dominated by early entrants. Investors will be watching closely to see if Ottava can gain market share and challenge competitors, potentially driving future revenue growth for the healthcare giant.

  • 7/31/2026NEUTRAL
    Wall Street Week | Warsh’s Waiting Game, EU Merger Rules, Robotic Surgeons

    Johnson & Johnson is entering the robotic surgery market, a sector experiencing rapid growth. Despite entering the race years after competitors, the company is banking on a distinct strategy to achieve success. This move signifies J&J's strategic diversification into a high-potential medical technology field, aiming to capture market share against established players. Investors will be watching to see if their unique approach can overcome the initial disadvantage and establish a strong foothold in this competitive landscape.

  • 6/17/2026NEUTRAL
    J&J Has No Plans to Enter Obesity Drugs Market, CEO Says

    Johnson & Johnson's CEO, Joaquin Duato, has stated the company has no immediate plans to enter the lucrative obesity drug market. This strategic decision shifts focus towards core areas like oncology, differentiating J&J from competitors actively pursuing weight-loss medications. While rivals Eli Lilly and Novo Nordisk have seen success with their obesity drugs, J&J's stance suggests a preference for its established therapeutic areas. Investors will monitor if this focus yields competitive advantages or if J&J misses out on a significant growth opportunity.

  • 4/14/2026POSITIVE
    Inside J&J’s Next Blockbuster Drug

    Johnson & Johnson's CFO, Joseph Wolk, indicated that the company's new psoriasis pill is on track to become a major revenue driver, having already reached 1,500 patients within days of launch. This positive development, coupled with a robust internal pipeline that allows J&J to bypass large, risky acquisitions, supports the company's decision to raise its financial guidance. Investors can anticipate continued long-term double-digit growth, driven by innovative pharmaceutical products and strategic pipeline management.

  • 4/9/2026NEUTRAL
    Johnson & Johnson Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

    Johnson & Johnson (JNJ) is set to report its Q1 earnings on April 14th, with analysts forecasting $2.67 per share and $23.6 billion in revenue. The company also received FDA approval for its TECNIS PureSee lens, a positive development for its medical devices segment. While the lens approval offers a potential growth catalyst, the upcoming earnings report carries significant weight. Investors will be closely watching revenue figures and forward guidance to gauge the company's performance and outlook amidst evolving market conditions and healthcare sector dynamics.

  • 3/6/2026POSITIVE
    FDA Clears Johnson & Johnson's Multiple Myeloma Combo Drug After Strong Survival Results

    The FDA has approved Johnson & Johnson's combination therapy, Tecvayli with Darzalex Faspro, for multiple myeloma. This approval follows strong Phase 3 survival results, indicating significant patient benefit. The clearance marks a key advancement for J&J in the oncology space, bolstering its innovative treatment portfolio. For investors, the green light for new drugs with promising outcomes can lead to increased future revenue and a higher stock valuation, signaling a robust development pipeline.

  • 2/27/2026POSITIVE
    2 Reasons I'd Happily Hold Johnson & Johnson Through Any Market Crash

    Johnson & Johnson (JNJ) stands out as a beacon of stability for investors, especially in times of economic uncertainty. Analysis highlights the proven resilience of the pharmaceutical and consumer goods giant, which has historically demonstrated its ability to navigate market turbulence unscathed. This robustness stems from the diversification of its business segments, including pharmaceuticals, medical devices, and consumer health products, ensuring stable cash flows even during recessions. For those seeking a safe haven in a portfolio, J&J's ability to maintain value and generate consistent returns makes it an attractive option, suggesting the stock can be a strategic choice to hold even in the face of a broader market crash.

via Markets Gazette