Novartis AG Ratios and Metrics

Market cap in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 12, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	221,527	197,052	156,316	162,643	161,382	145,494
Market Cap Growth	25.77%	26.06%	-3.89%	0.78%	10.92%	-7.63%
Enterprise Value	239,992	214,069	170,040	173,261	169,844	165,439
Last Close Price	116.45	100.18	73.48	72.57	67.33	56.28
PE Ratio	21.32	18.97	16.39	13.95	27.96	8.20
PS Ratio	5.26	4.68	3.78	4.44	4.47	4.48
PB Ratio	6.41	5.70	4.43	4.43	3.27	2.91
P/TBV Ratio	-	-	-	-	-	21.01
P/FCF Ratio	16.94	15.07	12.04	15.46	14.60	14.07
P/OCF Ratio	15.57	13.85	11.11	14.33	13.66	13.07
EV/Sales Ratio	5.58	5.08	4.12	4.73	4.71	5.09
EV/EBITDA Ratio	13.33	12.27	10.30	12.15	14.68	14.33
EV/EBIT Ratio	16.66	15.16	13.04	21.57	22.21	20.43
EV/FCF Ratio	18.36	16.37	13.10	16.47	15.36	16.00
Debt / Equity Ratio	0.76	0.76	0.71	0.57	0.47	0.46
Debt / EBITDA Ratio	1.49	1.49	1.50	1.44	1.97	1.95
Debt / FCF Ratio	2.02	2.02	1.93	1.97	2.10	2.22
Net Debt / Equity Ratio	0.51	0.51	0.41	0.27	0.16	0.04
Net Debt / EBITDA Ratio	1.02	1.02	0.87	0.68	0.66	0.18
Net Debt / FCF Ratio	1.36	1.36	1.11	0.92	0.69	0.21
Asset Turnover	0.53	0.53	0.51	0.43	0.35	0.34
Inventory Turnover	2.27	2.27	2.20	1.91	1.67	1.65
Quick Ratio	0.82	0.82	0.78	0.88	1.00	1.25
Current Ratio	1.12	1.12	1.03	1.16	1.29	1.51
Return on Equity (ROE)	30.81%	30.81%	26.27%	16.15%	9.51%	36.80%
Return on Assets (ROA)	11.14%	11.14%	10.09%	5.88%	4.62%	5.28%
Return on Invested Capital (ROIC)	23.60%	24.47%	23.55%	15.05%	11.14%	13.29%
Return on Capital Employed (ROCE)	22.70%	22.70%	22.20%	13.90%	10.40%	10.80%
Earnings Yield	4.69%	5.27%	6.10%	7.17%	3.58%	12.19%
FCF Yield	5.90%	6.64%	8.30%	6.47%	6.85%	7.11%
Dividend Yield	1.90%	3.46%	4.20%	4.24%	4.27%	4.46%
Payout Ratio	55.91%	55.91%	63.85%	48.85%	107.92%	30.67%
Buyback Yield / Dilution	3.93%	3.93%	2.73%	4.78%	2.79%	1.57%
Total Shareholder Return	5.83%	7.39%	6.92%	9.02%	7.05%	6.03%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.