Pfizer (UKEX:PFE) Cyclically Adjusted PB Ratio: 1.78 (As of Aug. 03, 2026) — 38% Below Median

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UKEX:PFE Pfizer Inc UKEX:PFE
70 GF Score
Price ₴1,014.00
GF Value ₴1,052.92
! 5 Warning Signs
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What is Pfizer Cyclically Adjusted PB Ratio?

Pfizer UKEX:PFE 70 Cyclically Adjusted PB Ratio is 1.78 as of Aug. 03, 2026, which is 38% below its 10-year median of 2.87. GuruFocus rates UKEX:PFE with a GF Score™ of 70/100 and a GF Value™ of ₴1,052.92. The stock has 5 warning signs investors should review. Among 741 Drug Manufacturers companies, Pfizer ranks better than 55.87% on this metric.

As of today (2026-08-03), Pfizer's current share price is ₴1014.00. Pfizer's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₴570.56. Pfizer's Cyclically Adjusted PB Ratio for today is 1.78.

The historical rank and industry rank for Pfizer's Cyclically Adjusted PB Ratio or its related term are showing as below:

UKEX:PFE' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.44   Med: 2.87   Max: 4.7
Current: 1.58

During the past years, Pfizer's highest Cyclically Adjusted PB Ratio was 4.70. The lowest was 1.44. And the median was 2.87.

UKEX:PFE's Cyclically Adjusted PB Ratio is ranked better than
55.87% of 741 companies
in the Drug Manufacturers industry
Industry Median: 1.79 vs UKEX:PFE: 1.58

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Pfizer's adjusted book value per share data for the three months ended in Mar. 2026 was ₴709.063. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₴570.56 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pfizer  (UKEX:PFE) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Pfizer Cyclically Adjusted PB Ratio Related Terms


Pfizer Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pfizer's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Pfizer Cyclically Adjusted PB Ratio Chart

Pfizer Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.58 3.69 1.98 1.77 1.61

Pfizer Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.67 1.58 1.65 1.61 1.78

UKEX:PFE vs BMY, GILD, AMGN: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - General subindustry, Pfizer's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Pfizer Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Pfizer's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Pfizer's Cyclically Adjusted PB Ratio falls into.


UKEX:PFE
70GF Score
Pfizer Inc UKEX:PFE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Pfizer Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Pfizer's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1014.00/570.56
=1.78

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Pfizer's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Pfizer's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=709.063/330.2130*330.2130
=709.063

Current CPI (Mar. 2026) = 330.2130.

Pfizer Quarterly Data

Book Value per Share CPI Adj_Book
201606 463.926 241.018 635.614
201609 467.688 241.428 639.680
201612 439.772 241.432 601.488
201703 439.911 243.801 595.832
201706 439.981 244.955 593.119
201709 457.076 246.819 611.511
201712 534.731 246.524 716.259
201803 528.991 249.554 699.968
201806 533.696 251.989 699.369
201809 553.189 252.439 723.621
201812 497.270 251.233 653.597
201903 474.455 254.202 616.326
201906 480.181 256.143 619.037
201909 527.753 256.759 678.733
201912 511.591 256.974 657.397
202003 525.143 258.115 671.829
202006 519.520 257.797 665.455
202009 526.688 260.280 668.200
202012 509.461 260.474 645.863
202103 550.151 264.877 685.854
202106 561.050 271.696 681.887
202109 605.003 274.310 728.300
202112 616.085 278.802 729.691
202203 661.177 287.504 759.395
202206 699.303 296.311 779.313
202209 740.274 296.808 823.590
202212 763.944 296.797 849.955
202303 802.233 301.836 877.655
202306 786.699 305.109 851.428
202309 769.997 307.789 826.095
202312 707.084 306.746 761.178
202403 730.327 312.332 772.138
202406 694.115 314.175 729.548
202409 730.488 315.301 765.036
202412 698.047 315.605 730.357
202503 712.679 319.799 735.887
202506 699.672 322.561 716.270
202509 732.038 324.800 744.238
202512 682.091 324.054 695.055
202603 709.063 330.213 709.063

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 1.78 mean?
Pfizer (UKEX:PFE) has a Cyclically Adjusted PB Ratio of 1.78 as of Aug. 03, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Pfizer and its competitors. This is 38% below median its historical median of 2.87. Over the past decade, Pfizer's Cyclically Adjusted PB Ratio has ranged from 1.44 to 4.70. According to the industry distribution chart, Pfizer ranks #327 out of 741 companies in the Drug Manufacturers industry, placing it in the top 44.1%.
Is Pfizer's Cyclically Adjusted PB Ratio too high?
Pfizer's current Cyclically Adjusted PB Ratio of 1.78 is 38% below median its 10-year median of 2.87. Over the past 10 years, this metric has ranged from a low of 1.44 to a high of 4.70. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.79. Pfizer's value of 1.78 is 0.6% below this industry median. Based on the distribution chart, Pfizer ranks #327 out of 741 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Pfizer has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Pfizer's Cyclically Adjusted PB Ratio compare to BMY and GILD?
According to the Drug Manufacturers industry distribution chart, Pfizer ranks #327 out of 741 companies for Cyclically Adjusted PB Ratio. This puts Pfizer in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.79. Pfizer's value of 1.78 is 0.6% below this benchmark. Historically, Pfizer's own Cyclically Adjusted PB Ratio has ranged from 1.44 to 4.70 over the past decade. While the company's 10-year median is 2.87 vs. the industry median of 1.79, Pfizer has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.79, based on 741 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pfizer's current Cyclically Adjusted PB Ratio of 1.78 is 0.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Pfizer and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pfizer's current Cyclically Adjusted PB Ratio is 1.78, which is 38% below median its own 10-year median of 2.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pfizer stock overvalued right now?
Pfizer (UKEX:PFE) has a current Cyclically Adjusted PB Ratio of 1.78. The stock's GF Value™ is ₴1,052.92, compared to a current price of ₴1,014.00 — trading 3.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.78, which is 38% below median its 10-year median of 2.87 and 0.6% below the Drug Manufacturers industry median of 1.79. Pfizer's overall GF Score™ is 70/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Pfizer (UKEX:PFE), the current Cyclically Adjusted PB Ratio is 1.78 as of Aug. 03, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Pfizer (UKEX:PFE) Overvalued in 2026?

Based on GuruFocus' analysis, Pfizer stock appears to be undervalued. The current stock price of ₴1,014.00 is trading 3.7% below its estimated GF Value™ of ₴1,052.92.

Key valuation signals for UKEX:PFE:

  • Cyclically Adjusted PB Ratio: 1.78 (38% below median its 10-year median of 2.87)
  • GF Value™: ₴1,052.92 vs. price of ₴1,014.00 (3.7% below fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 0.6% below the Drug Manufacturers median (#327 of 741)

No single metric tells the full story. See the UKEX:PFE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pfizer Business Description

Address 66 Hudson Boulevard East, New York, NY, USA, 10001-2192
Pfizer is one of the world's largest pharmaceutical firms, with annual sales of roughly $60 billion. While it historically sold many types of healthcare products and chemicals, now prescription drugs and vaccines account for the majority of sales. Top sellers include pneumococcal vaccine Prevnar 13 and cardiology drugs Vyndaqel and Eliquis. Pfizer sells these products globally, with international sales representing 40% of total sales. Within international sales, emerging markets are a major contributor.
70GF Score

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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₴1,014.00
Price
₴1,052.92
GF Value