Johnson & Johnson (JNJ) Financial Ratios: P/E, ROE & More

Johnson & Johnson (JNJ) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 28, 2025), Johnson & Johnson had a P/E ratio of 18.66 (down from 24.83), return on equity of 35.0% (up from 20.1%), debt-to-equity of 0.60 (up from 0.53) and a current ratio of 1.03 (down from 1.11). A current ratio of 1.03 means current assets exceed current liabilities. Its dividend yield was 2.52% with a payout ratio of 46.2%.

Johnson & Johnson Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Jan 2023	Jan 2022	Jan 2021
Valuation Ratios
P/E Ratio	18.66	24.83	10.73	25.74	21.57	28.16
Forward P/E	18.78	14.42	15.05	17.49	16.98	18.35
P/S Ratio	5.31	3.93	4.43	5.77	5.72	5.02
P/B Ratio	6.13	4.88	5.49	6.01	6.08	6.55
Price/Tangible Book	-	-	-	203.64	-	-
Price/FCF	25.40	17.60	20.50	26.41	22.79	20.52
Price/OCF	20.39	14.39	16.56	21.79	19.24	17.60
PEG Ratio	3.07	2.72	3.52	4.25	2.63	3.13
Enterprise Value Ratios
EV/Revenue	5.60	4.11	4.51	5.75	5.73	5.10
EV/EBITDA	15.59	12.18	12.47	16.13	16.00	15.32
EV/EBIT	20.03	16.14	16.22	20.73	20.94	20.79
EV/FCF	26.78	18.38	20.84	26.29	22.85	20.87
Profitability & Returns
Return on Equity (ROE)	35.03%	20.06%	18.31%	21.71%	25.93%	23.97%
Return on Assets (ROA)	8.68%	8.13%	8.33%	7.51%	7.55%	7.62%
Return on Invested Capital (ROIC)	22.15%	23.65%	24.41%	21.76%	26.39%	13.49%
Return on Capital Employed (ROCE)	18.20%	17.40%	19.50%	16.90%	15.80%	15.30%
Leverage & Solvency Ratios
Debt/Equity	0.60	0.53	0.44	0.53	0.47	0.57
Debt/EBITDA	1.45	1.26	0.98	1.42	1.22	1.31
Debt/FCF	2.50	1.91	1.65	2.33	1.76	1.80
Liquidity Ratios
Current Ratio	1.03	1.11	1.16	0.99	1.35	1.21
Quick Ratio	0.69	0.78	0.82	0.65	1.04	0.91
Efficiency Ratios
Asset Turnover	0.50	0.51	0.48	0.43	0.44	0.50
Inventory Turnover	2.26	2.29	2.45	2.38	2.37	3.10
Yield & Distribution Ratios
Earnings Yield	5.36%	4.03%	9.32%	3.89%	4.64%	3.55%
FCF Yield	3.94%	5.68%	4.88%	3.79%	4.39%	4.87%
Dividend Yield	2.52%	3.55%	3.24%	2.80%	2.80%	2.92%
Payout Ratio	46.19%	84.05%	33.48%	65.11%	52.84%	71.23%
Buyback Yield	0.00%	5.12%	3.89%	0.38%	-0.12%	0.51%
Total Return	2.51%	8.66%	7.12%	3.18%	2.67%	3.42%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 28, 2026. Data sources and methodology

Frequently Asked Questions About Johnson & Johnson Financial Ratios

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

Johnson & Johnson's P/E ratio was 18.66 for fiscal 2025 (period ended Dec 28, 2025). It was 24.83 a year earlier.

What is Johnson & Johnson's return on equity?

Johnson & Johnson's return on equity (ROE) was 35.0% for fiscal 2025 (period ended Dec 28, 2025). It was 20.1% a year earlier.

What is Johnson & Johnson's debt-to-equity ratio?

Johnson & Johnson's debt-to-equity ratio was 0.60 for fiscal 2025 (period ended Dec 28, 2025). It was 0.53 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition