Question 1

What is Johnson & Johnson's P/S ratio?

Accepted Answer

Johnson & Johnson (JNJ) P/S ratio is 5.9× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Johnson & Johnson?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Johnson & Johnson specifically, the relevant sector benchmark is the current sector median of 3.5×.

Question 5

Is Johnson & Johnson's P/S ratio high or low?

Accepted Answer

Johnson & Johnson's P/S ratio of 5.9× is above its own 5-year average of 4.8× and above the sector median of 3.5×. That places the current reading at the 95th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Johnson & Johnson's historical P/S ratio range?

Accepted Answer

In the available daily series, Johnson & Johnson (JNJ) P/S ratio has ranged from a low of 2.3× in 2009 to a high of 6.4× in 2026. The 5-year average is 4.8× and the 5-year median is 4.6×.

Question 7

What was Johnson & Johnson's P/S ratio in 2025?

Accepted Answer

Johnson & Johnson (JNJ) P/S ratio at the end of 2025 was 5.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does Johnson & Johnson's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$504.08B	$94.19B	5.4×	+1.5×	Dec 28, 2025
2024	$345.01B	$88.82B	3.9×	-0.5×	Dec 29, 2024
2023	$377.30B	$85.16B	4.4×	-0.6×	Dec 31, 2023
2022	$461.69B	$91.15B	5.1×	+0.3×	Dec 31, 2022
2021	$449.74B	$93.78B	4.8×	-0.2×	Dec 31, 2021
2020	$414.30B	$82.58B	5.0×	+0.3×	Dec 31, 2020
2019	$384.00B	$82.06B	4.7×	+0.4×	Dec 31, 2019
2018	$351.53B	$81.58B	4.3×	-0.6×	Dec 31, 2018
2017	$375.13B	$76.45B	4.9×	+0.6×	Dec 31, 2017
2016	$311.82B	$71.89B	4.3×	+0.3×	Dec 31, 2016
2015	$283.01B	$70.07B	4.0×	+0.1×	Dec 31, 2015
2014	$291.04B	$74.33B	3.9×	+0.3×	Dec 31, 2014
2013	$258.34B	$71.31B	3.6×	+0.7×	Dec 31, 2013
2012	$194.77B	$67.22B	2.9×	+0.1×	Dec 31, 2012
2011	$178.94B	$65.03B	2.8×	-0.0×	Dec 31, 2011
2010	$169.65B	$61.59B	2.8×	-0.1×	Dec 31, 2010
2009	$177.64B	$61.90B	2.9×	+0.3×	Dec 31, 2009
2008	$165.99B	$63.75B	2.6×	-0.5×	Dec 31, 2008
2007	$190.47B	$61.09B	3.1×	-0.5×	Dec 31, 2007
2006	$192.28B	$53.32B	3.6×	+0.1×	Dec 31, 2006
2005	$179.39B	$50.51B	3.6×	-0.4×	Dec 31, 2005
2004	$188.24B	$47.35B	4.0×	+0.3×	Dec 31, 2004
2003	$153.33B	$41.86B	3.7×	-0.7×	Dec 31, 2003
2002	$159.73B	$36.30B	4.4×	-1.1×	Dec 31, 2002
2001	$179.37B	$32.49B	5.5×	—	Dec 31, 2001


Zimmer Biomet Holdings (ZBH)	2.1×
AptarGroup (ATR)	2.1×
Becton, Dickinson and (BDX)	2.1×
Charles River (CRL)	1.9×
Quest Diagnostics (DGX)	1.9×
IQVIA (IQV)	1.7×
GE HealthCare (GEHC)	1.6×
Labcorp Holdings (LH)	1.6×
HCA Healthcare (HCA)	1.4×
Solventum (SOLV)	1.4×
Viatris (VTRS)	1.1×
Baxter International (BAX)	0.8×
DaVita (DVA)	0.7×
Henry Schein (HSIC)	0.6×
Universal Health Services (UHS)	0.6×
UnitedHealth Group (UNH)	0.5×
Elevance Health (ELV)	0.3×
McKesson (MCK)	0.3×
Cigna (CI)	0.3×
CVS Health (CVS)	0.2×
Cardinal Health (CAH)	0.2×
Cencora (COR)	0.2×
Humana (HUM)	0.2×
Molina Healthcare (MOH)	0.2×
Centene (CNC)	0.1×

P/S Ratio for Johnson & Johnson (JNJ)

P/S Ratio daily chart for Johnson & Johnson (JNJ)

Historical P/S Ratio for Johnson & Johnson (JNJ) from 2001 to 2025

About P/S Ratio at Johnson & Johnson (JNJ)

Johnson & Johnson P/S Ratio by Year

Johnson & Johnson P/S Ratio 2025: 5.4×

Johnson & Johnson P/S Ratio 2024: 3.9×

Johnson & Johnson P/S Ratio 2023: 4.4×

Johnson & Johnson P/S Ratio 2022: 5.1×

Johnson & Johnson P/S Ratio 2021: 4.8×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Johnson & Johnson (JNJ) Key Financials

P/S Ratio daily chart for Johnson & Johnson (JNJ)

Historical P/S Ratio for Johnson & Johnson (JNJ) from 2001 to 2025

About P/S Ratio at Johnson & Johnson (JNJ)

Johnson & Johnson P/S Ratio by Year

Johnson & Johnson P/S Ratio 2025: 5.4×

Johnson & Johnson P/S Ratio 2024: 3.9×

Johnson & Johnson P/S Ratio 2023: 4.4×

Johnson & Johnson P/S Ratio 2022: 5.1×

Johnson & Johnson P/S Ratio 2021: 4.8×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Johnson & Johnson's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for Johnson & Johnson?

+Is Johnson & Johnson's P/S ratio high or low?

+What is Johnson & Johnson's historical P/S ratio range?

+What was Johnson & Johnson's P/S ratio in 2025?

+Why does Johnson & Johnson's P/S ratio change over time?

Johnson & Johnson (JNJ) Key Financials