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TEVA
ACCE-researched

Teva Pharmaceutical Industries Limited American Depositary Shares (TEVA) fair value

Healthcare · Drug Manufacturers - Specialty & Generic · NYSE · United States
$39.41-1.99%
Market cap $46.0BNext earnings 2026-11-03Updated Oct 19, 2026
Add earnings to calendarGoogle
Our verdict
Trades 40% above our fair value
Price
$39.41
Model fair valueConfidence: good
$28.07
Model range
$13.54 to $50.84
Fair value $28.07
Price $39.41
3 models fit Teva Pharmaceutical Industries Limited American Depositary Shares and they disagree: 0 of 3 land within 15% of the average.
Two or more of our models back this value.
Premium(i)Silver70
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
ACCE opinionTeva Pharmaceutical Industries Limited American Depositary Shares (TEVA)
Fair value (3 models)
$28.07
ACCE price target
$39.00
Rating
Overvalued
Horizon
12 months
Fair value published on 19 Oct 2026, 19:04 CEST; previously $15.80 since 15 Oct 2026, 00:00 CEST.
ACCE price target published on 20 Sept 2026, 00:00 CEST.
Rating published on 19 Oct 2026, 19:04 CEST.
Price used: $39.41 at the close on 23 Oct 2026, 22:00 CEST.
Models: P/E comparison, EV/EBITDA comparison, and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
40.4% above
-28.8% to fair value
ACCE score
59
out of 100
Analysts
92% buy
13 covering
P/E
65.7x
forward 12.8x
1-year return
+107.2%
Dividend yield
0.00%

Teva Pharmaceutical Industries Limited American Depositary Shares in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Teva is one of the largest generic drug makers in the world and also sells branded specialty drugs, including Austedo and Copaxone. Revenue fell 0.8%, and the operating margin is 4.0%, so the core generic business is under pressure. The trailing PE of 68.5 drops to 12.5 forward, which means the market expects a sharp earnings recovery. The internal score is 61/100.

AI-assisted·How I use AIWritten Oct 12, 2026
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
  • high
    Revenue decline with earnings spike
    Revenue fell 0.8% YoY while earnings jumped 72.2%, signalling one-time gains or cost cuts rather than sustainable growth. Unsustainable margin expansion.
  • high
    Heavy insider selling
    Last 10 disclosed transactions: $16.34M in sales, $0M in buys. Insiders liquidating despite modest institutional ownership of 24.3%.
  • high
    Elevated leverage
    Debt/Equity ratio of 2.18 is high for a pharma company with flat revenue growth. FCF of $2.2B provides some cushion but limits financial flexibility.
  • moderate
    ACCE score deterioration
    Score fell 5 points in 90 days (66 to 61). Growth subscore of 43 and Quality subscore of 46 are both weak relative to Momentum (97).

AI research notes

AI-assisted·How I use AIWritten Oct 11, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • Forward P/E of 13.3x trades well below the healthcare sector median of 23.6x, suggesting significant undervaluation.
  • Free cash flow of $2.2B supports a 4.6% yield, and the latest earnings beat expectations by 1180%, signaling operational momentum.
Why it could disappoint
  • Revenue declined 0.8% year over year despite a 5.0% five-year average, showing recent momentum has stalled.
  • Debt to equity of 2.18 combined with net margin of only 4.1% leaves little room for error if cash generation weakens.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Nov 3, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where TEVA's valuation models land
Price
$39.41
Model fair value
$28.07
Model range
$13.54 to $50.84
Fair value $28.07
Price $39.41
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
Graham number
P/E comparison
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bullish92% buy · 13 covering analysts
● Strong buy 8● Buy 4● Hold 1● Sell 0● Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
Do politicians beat the market? Our backtest →
Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
-5.0%
1 month
+1.0%
3 months
+27.9%
6 months
+28.6%
YTD
+26.3%
1 year
+107.2%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
19 Oct 2026, 19:04 CESTRatingOvervaluedfirst publication$41.50
19 Oct 2026, 19:04 CESTFair value$28.07$15.80$41.50
15 Oct 2026, 00:00 CESTFair value$15.80$28.69$41.25
11 Oct 2026, 00:00 CESTFair value$28.69$16.09$41.10
7 Oct 2026, 00:00 CESTFair value$16.09$16.35$39.66
1 Oct 2026, 00:00 CESTFair value$16.35$23.81$39.81
28 Sept 2026, 00:00 CESTFair value$23.81$16.68$39.19
26 Sept 2026, 00:00 CESTFair value$16.68$16.24$40.22
24 Sept 2026, 00:00 CESTFair value$16.24$16.54$39.52
20 Sept 2026, 00:00 CESTACCE price target$39.00first publication$38.98

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth43Value48Quality46Momentum97Total59
Valuation
Trailing P/E
65.7x
Forward P/E
12.8x
PEG
0.94
P/B
5.82x
EV / Revenue
3.4x
Book value/sh
$6.65
Enterprise value
$57.9B
Profitability
ROE
9.7%
FCF yield
2.42%
ROIC
4.6%
Health and risk
Debt / equity
2.20
Dividend yield
0.00%
Beta
0.82

Price

+108.0% · 1Y

Ask anything about TEVA

Answered from Teva Pharmaceutical Industries Limited American Depositary Shares fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 33% of peers
low 13.5x65.7xhigh 67.8x
ROEbetter than 20% of peers
low 7%10%high 65%
Div yieldbetter than 0% of peers
low 0.0%0.0%high 2.6%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
TEVA Teva Pharmaceutical Industries Limited American Depositary Shares$39.41$2840% above65.7x9.7%4659
HLN Haleon plc American Depositary Shares (Each representing two Ordinary Shares)$10.37$912% above21.2x10.1%7455
HLN.L Haleon£3.83£42% below21.1x10.1%7455
SUNPHARMA.NS Sun Pharmaceutical Industries Limited₹1758.00--34.9x-9564
SDZ.SW Sandoz Group AGCHF 79.00CHF 5350% above67.8x7.2%5658
GALD.SW Galderma Group AGCHF 186.70--65.9x10.8%7470
ZTS Zoetis Inc. Class A Common Stock$82.00$854% below13.5x64.9%8650

Sector report card

Where TEVA ranks against its sector peers on each metric.

Computing percentiles…
  • GlobeNewswire•Oct 12, 2026
    Teva to Host R&D Day on Wednesday, November 11 in New York City
  • Business Wire•Oct 9, 2026
    Medincell Achieves Major Milestone with U.S. FDA Approval of WELTRUZA™ (olanzapine)
  • Business Wire•Oct 9, 2026
    Medincell Achieves Major Milestone with U.S. FDA Approval of WELTRUZA™ (olanzapine)
27 more press releases · full archive on Investor+.INVESTOR
40 filings
September 2026
Sep 22
Form 4Insider transactionPeriod 2026-09-18
View on SEC →
Sep 22
Form 4Insider transactionPeriod 2026-09-19
View on SEC →
Sep 16
8-KCurrent reportPeriod 2026-09-16
View on SEC →
37 more filings + AI summaries on Investor+.INVESTOR