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Mendez MF, et al

Ozempic and Wegovy are FDA-approved finished drug products manufactured by Novo Nordisk under current Good Manufacturing Practice standards, reviewed by the FDA for safety, effectiveness, and quality before reaching patients

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Novo Nordisk (NVO) Trailing P/Es: LLY 38, NOV 10 Forward P/Es: LLY 26, NVO 11 Estimated 2026 sales growth: LLY 26%, NVO -8% Estimated 2025 EPS growth: LLY 43%, NVO -6% Cash per share: LLY $8.14, NVO $6.07 Institutional ownership: LLY 84.6%, NVO 9.5% In terms of value, NVO has LLY beat by a mile, trading at less than a third of LLY on a trailing price-to-earnings basis and just under half of it on a forward price-to-earnings basis