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STOCK COMPARISON

Johnson & Johnson vs Eli Lilly: Fair Value & Quality

Both stocks run through our valuation models. Here is how Johnson & Johnson (JNJ) and Eli Lilly (LLY) compare, as of Nov 3, 2026.

As of Nov 3, 2026, Fair Value Calculator sees Johnson & Johnson as the less overvalued of the two: Johnson & Johnson trades at $266 versus a fair value of $169 (−36.6%), while Eli Lilly trades at $1,409 versus $750 (−46.8%).
Johnson & Johnson
JNJ · USD · Health Care
−36.6%
upside to fair value
overvalued
Price$266
Fair Value$169
Quality80/100
Fair ValueQualityUptrend
Eli Lilly
LLY · USD · Health Care
−46.8%
upside to fair value
overvalued
Price$1,409
Fair Value$750
Quality67/100
Fair ValueQualityUptrend
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Johnson & JohnsonEli Lilly
Valuation
40.4×P/E (TTM)45.7×
22.9×Forward P/E (FY2027)28.6×
24.5×Median P/E at FY-end (9 FY, ex one-offs where documented)46.8×
6.54×P/S (TTM)14.57×
7.96× · book value is mostly goodwillP/B47.47×
19.6×EV/EBITDA27.8×
2.82×PEG1.36×
−36.6%Fair value upside−46.8%
0.5%Dividend yield0.5%
$1.30Dividend per share$6.69
Profitability
25.1%Operating margin53.7%
1.14×EBIT margin trend (5Y)n/a
25.7%Return on equity86.0%
13.5%Return on assets18.4%
Growth
5.9%Revenue growth (YoY)38.6%
5.6%Avg. growth/yr (3Y)31.7%
2.7%Avg. growth/yr (5Y)21.6%
+13.8%Value creation/yr+26.5%
Balance & size
26.4×Interest coverage (EBIT/interest)37.3×
0.48×Debt / equity1.54×
$649BMarket cap$1.3T
healthyGrowth qualitymixed
Johnson & Johnson, median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings, 8 of the years ex one-offs: 24.5. Eli Lilly, median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 46.8.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Eli Lilly leads: 6 to 7 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Johnson & Johnson Eli Lilly
ProfitabilityHow much profit the company makes from its sales and capital
74
85
Quality GrowthAre margins and returns getting better?
73
86
CashflowDo the profits arrive as real cash?
70
51
Financial strengthDebt, balance sheet and risk of trouble
72
53
InvestmentDoes it invest with discipline instead of growing at any price?
87
15
Low VolatilityHow calm the share price moves, does not count
94
78
Price momentumPrice momentum of the last 3 to 12 months, does not count
64
82
Near the 52-week highDistance to the 52-week high, does not count
85
99
New sharesBuys back shares or issues new ones?
87
86

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyJohnson & JohnsonPrice $266Eli LillyPrice $1,409
DCF Models−36.0%below the price$170−78.0%below the price$311
Earnings-Based−70.4%below the price$78.71−81.7%below the price$257
Dividend Discount−58.8%below the price$110−90.4%below the price$136
Multiples−36.6%below the price$169−74.6%below the price$357
Asset-Basedn/a−99.2%below the price$10.62
Growth DCF−44.9%below the price$147−84.2%below the price$223
Economic Profit−62.1%below the price$101−81.0%below the price$267
Growth Earnings−22.4%below the price$207−73.4%below the price$375
Matching families7 of 8
Minimum−70.4%below the price$78.71−90.4%below the price$136
Maximum−22.4%below the price$207−73.4%below the price$375
Median−44.9%below the price$147−81.0%below the price$267
Geometric mean−49.8%below the price$134−81.4%below the price$263
Ahead family by family7 of 70 of 7

Minimum, maximum, median and geometric mean only use the families both stocks have (matching families: 7 of 8), so a family without a value on one side does not distort the comparison. Ahead in a family is the stock whose fair value there sits higher relative to its price. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Family by family: Johnson & Johnson is ahead in 7 of 7 shared families, Eli Lilly in none.

Johnson & Johnson: 24 of 24 models see the stock below the current price.

Eli Lilly: 26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Johnson & Johnson
Price $266
Fair Value $169
Bear $108Bull $255
Eli Lilly
Price $1,409
Fair Value $750
Bear $402Bull $975

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Johnson & Johnson · Health Care

Quality score80 · Top 25%
Fair value upside−36.6% · below median

Eli Lilly · Health Care

Quality score67 · Top 25%
Fair value upside−46.8% · below median

Bottom line

As of Nov 3, 2026, Fair Value Calculator sees Johnson & Johnson as the less overvalued of the two: Johnson & Johnson trades at $266 versus a fair value of $169 (−36.6%), while Eli Lilly trades at $1,409 versus $750 (−46.8%).

Johnson & Johnson has the higher quality score (80/100).

Open Johnson & Johnson live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.