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STOCK COMPARISON

Johnson & Johnson vs UnitedHealth Group: Fair Value & Quality

Both stocks run through our valuation models. Here is how Johnson & Johnson (JNJ) and UnitedHealth Group (UNH) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees UnitedHealth Group as the more attractively valued of the two: Johnson & Johnson trades at $278 versus a fair value of $169 (-39%), while UnitedHealth Group trades at $401 versus $526 (+31%).
Johnson & Johnson
JNJ · USD · Health Care
-39%
upside to fair value
overvalued
Price$278
Fair Value$169
Quality82/100
UnitedHealth Group
UNH · USD · Health Care
+31%
upside to fair value
undervalued
Price$401
Fair Value$526
Quality62/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Johnson & JohnsonUnitedHealth Group
Valuation
29.4×P/E (TTM)31.9×
6.34×P/S (TTM)0.86×
7.49×P/B4.09×
18.4×EV/EBITDA20.2×
4.95×PEG1.49×
−39.3%Fair value upside+31.1%
1.9%Dividend yield2.2%
$5.20Dividend per share$8.84
Profitability
27%Operating margin8%
1.14×EBIT margin trend (5Y)0.48×
26%Return on equity12%
8%Return on assets4%
Growth
10%Revenue growth (YoY)2%
5.6%Avg. growth/yr (3Y)11.4%
2.7%Avg. growth/yr (5Y)11.7%
+15.2%Value creation/yr−0.4%
Balance & size
26.4×Interest coverage (EBIT/interest)4.7×
0.48×Debt / equity0.77×
$611BMarket cap$384B
healthyGrowth qualitymixed

Johnson & Johnson leads: 9 to 7 metric wins.

Dash = 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 & Johnsonof which business quality 76 · market factors 88 UnitedHealth Groupof which business quality 60 · market factors 72
ProfitabilityMargins and returns on capital today
74
52
Quality GrowthAre margins and returns improving?
73
48
CashflowEarnings quality: real cash, not paper profit
70
52
Fin. StrengthBalance sheet, leverage, solvency risk
72
51
InvestmentDisciplined investing over empire-building
87
76
Low VolatilityCalm price path (market factor)
96
71
MomentumPrice trend over the last 3–12 months (market factor)
75
72
52W MomentumDistance to the 52-week high (market factor)
100
72
Net IssuanceBuybacks instead of dilution
90
99

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 $278UnitedHealth GroupPrice $401
DCF Models-39%below the price$171-10%close to the price$362
Earnings-Based-74%below the price$73.34-51%below the price$196
Dividend Discount-66%below the price$93.41n/a
Multiples-42%below the price$163-35%below the price$259
Asset-Based-92%below the price$22.70-83%below the price$69.43
Growth DCF-54%below the price$129-5%close to the price$382
Economic Profit-64%below the price$102-54%below the price$186
Growth Earnings-26%below the price$207-27%below the price$292
Minimum-92%below the price$22.70-83%below the price$69.43
Maximum-26%below the price$207-5%close to the price$382
Median-59%below the price$115-35%below the price$259
Geometric mean-63%below the price$102-45%below the price$222

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Johnson & Johnson: 26 of 26 models see the stock below the current price.

UnitedHealth Group: 19 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Johnson & Johnson
Bear $106Fair Value $169Bull $255
$278 = current price (white tick)
UnitedHealth Group
Bear $368Fair Value $526Bull $657
$401 = current price (white tick)

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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 score82 · Top 25%
Fair value upside-39% · below median

UnitedHealth Group · Health Care

Quality score62 · above median
Fair value upside+31% · Top 25%

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees UnitedHealth Group as the more attractively valued of the two: Johnson & Johnson trades at $278 versus a fair value of $169 (-39%), while UnitedHealth Group trades at $401 versus $526 (+31%).

Johnson & Johnson has the higher quality score (82/100).

See the full analysis →
Johnson & Johnson · UnitedHealth Group

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