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TEVATeva Pharmaceutical Industries Limited
$39.52$46.1B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
TEVA logo

Teva Pharmaceutical Industries Limited

TEVA
NYSE · Specialty & Generic Pharma
$39.52
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$46.67B
P/E32.9x
52W High$40.79
Volume4.54M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Margin Expansion Masks Persistent Leverage and Legal Overhang

Teva's operational turnaround, evidenced by gross margin expansion from 46.4% in 2024Q1 to 52.0% in 2026Q2 and a return to profitability in 2025, suggests improving fundamentals. However, the 2026Q2 net loss of -$576M and operating margin collapse to 3.6% indi...

GrowthMixed
ProfitabilityStable
ValuationExpensive
TechnicalsStrong
Explore valuation models
MARKET ACTION

TEVA price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

+35% Peers

P/E is 35% above peer median

03

Market leadership

RS 83 · Leader

High momentum (Outperforming 83% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystEstimated earnings · Oct 29
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth stalled at -0.8% in 2026Q2, yet gross margin improved to 52.0% from 46.4% in 2024Q1, though operating margin collapsed to 3.6% in 2026Q2 from a peak of 19.7% in 2025Q3.

Analyst Consensus+14.7% target
Buy(46 analysts)
22 Buy20 Hold4 Sell

The Bull Case

Upside Catalysts

Shift to Innovation

Teva's transition from generics to innovative treatments, driven by products like Austedo, Ajovy, and Uzedy, is a key growth driver.

Strong Product Growth

Products such as Austedo and Ajovy are experiencing strong growth, contributing significantly to Teva's revenue.

Operational Improvements

Under CEO Francis, Teva has implemented operational improvements, enhancing efficiency and profitability.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
TEVA+27.69%
S&P 500 (^GSPC)+13.20%
1-Year Return
TEVA+109.43%
S&P 500 (^GSPC)+15.98%
3-Year Return
TEVA+281.84%
S&P 500 (^GSPC)+76.34%
5-Year Return
TEVA+352.69%
S&P 500 (^GSPC)+72.54%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
32.5x
Forward P/EExpansion
19.7x
EV/EBITDA75th %ile
19.0x
FCF YieldCash Flow
2.5%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
32.5x
26.0x
100th· High
EV/EBITDA
19.0x
18.0x
75th· Fair
Price/FCF
40.1x
31.9x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$5.39-86.4%
Base (Fair)$22.15-43.2%
Bull$37.71-4.6%
$5.39 Bear$22.15 Base$37.71 Bull
Current Market Price: $39.52
Trades at a 78.4% premium to Base DCF ($22.15)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$17.26B+4.3% YoY
Net income
$1.41B+186.0% YoY
Free cash flow
$1.15B+53.3% YoY
Operating margin
12.5%+14.3 pts YoY
ROIC (TTM)7.7%
Avg ROIC 5Y-
ROE (TTM)20.7%
Piotroski Score8 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 29, 2026
$0.02-75.0%
vs $0.08
$4.1B+1.5%
vs $4.1B
Q2 2026
Apr 29, 2026
$0.53+6.0%
vs $0.50
$4.0B+5.1%
vs $3.8B
Q1 2026
Jan 28, 2026
$0.96+47.7%
vs $0.65
$4.7B+9.1%
vs $4.3B
Q4 2025
Nov 5, 2025
$0.78+14.7%
vs $0.68
$4.5B+0.6%
vs $4.5B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Schaeffers Research·Sep 16, 2026
Most Active Options Report: FPS, TEVA, AFL

These three stocks are seeing some of the most unusual options volume today

Defense World·Sep 16, 2026
Takeda Pharmaceutical (NYSE:TAK) versus Teva Pharmaceutical Industries (NYSE:TEVA) Financial Contrast

Takeda Pharmaceutical (NYSE: TAK - Get Free Report) and Teva Pharmaceutical Industries (NYSE: TEVA - Get Free Report) are both healthcare companies, but which is the superior business? We will compare the two companies based on the strength of their valuation, dividends, analyst recommendations, risk, profitability, institutional ownership and earnings. Volatility and Risk Takeda Pharmaceutical has a

Defense World·Sep 16, 2026
Teva Pharmaceuticals Sees Pivot to Growth Accelerating on Branded Drugs, Biosimilars

Teva Pharmaceutical Industries (NYSE: TEVA) said its "Pivot to Growth" strategy has moved into its second phase, with management pointing to momentum in branded medicines, a stabilized generics business, an expanding biosimilars portfolio and a strengthened balance sheet. Speaking at a Morgan Stanley event, President and Chief Executive Officer Richard Francis said the company began the

Benzinga·Sep 15, 2026
Teva's Shares Now Trade Directly on the NYSE — Here's What Else Changed

Teva Pharmaceutical Industries Ltd. (NYSE:TEVA) had a busy week that included a major debt refinancing, a milestone shift in how its shares trade on the NYSE and analyst activity.

Filtered for Teva Pharmaceutical Industries LimitedMore Headlines
04

Compare before deciding

Benchmark TEVA against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Teva Pharmaceutical Industries Limited (TEVA)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
TEVA logoTEVATeva Pharmaceutical Industries LimitedCurrent
$39.52$46.67B32.934.31%8.17%20.68%—
VTRS logoVTRSViatris Inc.
$17.18$20.01B-5.73-2.98%-2.79%-2.79%—
PRGO logoPRGOPerrigo Company plc
$14.31$1.98B-1.39-2.75%-41.85%-55.97%—
AMRX logoAMRXAmneal Pharmaceuticals, Inc.
$19.50$6.23B88.648.05%5.05%——
SUPN logoSUPNSupernus Pharmaceuticals, Inc.
$43.75$2.54B-64.348.63%-13.23%-10.42%—
LNTH logoLNTHLantheus Holdings, Inc.
$100.00$6.51B29.330.5%17.69%23.27%—

Compare TEVA vs Peers

Teva Pharmaceutical Industries Limited (TEVA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VTRS

Most directly comparable listed peer for TEVA.

Scale Benchmark

vs JNJ

Larger-name benchmark to compare TEVA against a more recognizable public peer.

Peer Set

Compare Top 5

vs VTRS, PRGO, AMRX, SUPN

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

TEVA SEC Filings & Documents

Teva Pharmaceutical Industries Limited (TEVA) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 29, 2026·SEC

Material company update

May 28, 2026·SEC

Material company update

Apr 29, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 3, 2026·SEC

FY 2025

Feb 5, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 29, 2026·SEC

FY 2026

Apr 29, 2026·SEC

FY 2025

Nov 5, 2025·SEC

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TEVA Frequently Asked Questions

Teva Pharmaceutical Industries Limited (TEVA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Teva Pharmaceutical Industries Limited's revenue?

Teva Pharmaceutical Industries Limited (TEVA) reported $17.31B in revenue for fiscal year 2025. This represents a 1715% increase from $953.8M in 1996.

How fast is Teva Pharmaceutical Industries Limited growing?

Teva Pharmaceutical Industries Limited (TEVA) grew revenue by 4.3% over the past year. Growth has been modest.

Is TEVA profitable?

Yes, Teva Pharmaceutical Industries Limited (TEVA) is profitable, generating $706.0M in net income for fiscal year 2025 (8.2% net margin).

Dividend & Returns
What is TEVA's return on equity?

Teva Pharmaceutical Industries Limited (TEVA) has a return on equity (ROE) of 20.7%. This is excellent, indicating efficient use of shareholder capital.

What is Teva Pharmaceutical Industries Limited's free cash flow?

Teva Pharmaceutical Industries Limited (TEVA) generated $1.76B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in TEVA back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →