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Johnson & Johnson (JNJ)

合理估值
HealthcareDrug Manufacturers - GeneralUnited States

基本面

58

价格

$259.49

市值

$655.37B

第一部分 · 这家公司值多少

概览

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.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Compare

Generated on 2026年9月19日 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.

资产负债表与流动性

营收

$97.93B

最近12个月(截至2026/6/28)

净利润

$21.04B

最近12个月(截至2026/6/28)

自由现金流

$19.70B

股东权益合计

$81.54B

负债合计

$117.67B

流动比率

1.09

利息覆盖率

-

债务/EBITDA

1.41

每股收益

营收与净利润

自由现金流

收入构成

历史财务表

利润率变化

债务变化

债务负担有多重

增长一览表

增长 — 营业收入

公允价值估算

一般情形合理估值

公允价值

$251.81

当前价格

$259.49

安全边际

-3.0%

公允价值区间

$186.70 - $316.93

所用估值方法之间的离散区间,并非经过统计校准的置信区间。

估算方法

分析师目标价:$277.91
现金流折现法(DCF):$316.44
市盈率法(P/E):$189.43
格雷厄姆成长公式:$290.53
盈利能力价值(EPV):$101.97
合理市净率(P/B):$184.05
股息折现模型(戈登模型):$133.71
P/FFO(运营资金):$227.77
周期中段收益:$199.24
市销率法(P/S):$158.12
分析师共识:买入 (22B / 9H / 0S)
最近财报超预期:+0.89%

估值指标

市盈率(P/E)

30.75

ROE

32.9%

市净率(P/B)

7.51

P/FCF

28.68

毛利率

67.9%

ROIC

-

盈利能力雷达图

价值创造(经济护城河)

ROIC

-

WACC

7.5%

ROIC − WACC

-

基本面分析标准

通过(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

未通过(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%

不可用(4)

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

Piotroski F-评分

5/9

信号混杂:部分领域需关注

score
criteria

盈利质量

1.31

高质量:盈利有现金流支撑

股权稀释

0.0%

正在回购股份,对股东友好

机构持股

公司治理

管理团队

姓名职位年龄
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

审计风险

4

董事会风险

7

薪酬风险

4

股东权利风险

3

第二部分 · 价格与买入时机

这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。

文件

  • 年度报告(10-K)

    对公司业务、财务业绩和风险的年度概述。

    提交日期:2026-02-11

    查看文件
  • 季度报告(10-Q)

    最近三个月财务表现的最新情况。

    提交日期:2026-07-23

    查看文件
  • 临时报告(8-K)

    关于重大事件(如管理层变动或重要公告)的通知。

    提交日期:2026-08-04

    查看文件

via SEC EDGAR

损益历史

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 Is Focused on Fighting Cancer, Not Obesity Drugs, CEO Says

    Johnson & Johnson's CEO, Joaquin Duato, has stated the company will not pursue the lucrative obesity drug market, prioritizing its focus on oncology and other disease areas. This strategic decision positions J&J differently from competitors like Eli Lilly and Novo Nordisk, who are heavily investing in weight-loss therapies. While J&J's commitment to cancer research is a core strength, the deliberate avoidance of the high-growth obesity sector may be viewed by some investors as a missed opportunity, potentially impacting its growth trajectory relative to peers.

  • 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