Pfizer (UKEX:PFE) Cyclically Adjusted PB Ratio: 1.78 (As of Jul. 27, 2026) — 38% Below Median

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UKEX:PFE Pfizer Inc UKEX:PFE
66 GF Score
Price ₴1,014.00
GF Value ₴1,073.91
! 5 Warning Signs
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What is Pfizer Cyclically Adjusted PB Ratio?

Pfizer UKEX:PFE 66 Cyclically Adjusted PB Ratio is 1.78 as of Jul. 27, 2026, which is 38% below its 10-year median of 2.87. GuruFocus rates UKEX:PFE with a GF Score™ of 66/100 and a GF Value™ of ₴1,073.91. The stock has 5 warning signs investors should review. Among 753 Drug Manufacturers companies, Pfizer ranks better than 56.84% on this metric.

As of today (2026-07-27), 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: 1.55

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
56.84% of 753 companies
in the Drug Manufacturers industry
Industry Median: 1.79 vs UKEX:PFE: 1.55

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 ₴707.291. 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
66GF 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)
=707.291/330.2130*330.2130
=707.291

Current CPI (Mar. 2026) = 330.2130.

Pfizer Quarterly Data

Book Value per Share CPI Adj_Book
201606 462.766 241.018 634.025
201609 466.519 241.428 638.081
201612 438.673 241.432 599.985
201703 438.812 243.801 594.343
201706 438.881 244.955 591.636
201709 455.933 246.819 609.981
201712 533.395 246.524 714.470
201803 527.669 249.554 698.218
201806 532.362 251.989 697.621
201809 551.807 252.439 721.813
201812 496.028 251.233 651.964
201903 473.269 254.202 614.785
201906 478.980 256.143 617.489
201909 526.434 256.759 677.037
201912 510.312 256.974 655.754
202003 523.831 258.115 670.150
202006 518.221 257.797 663.791
202009 525.372 260.280 666.531
202012 508.187 260.474 644.248
202103 548.776 264.877 684.140
202106 559.648 271.696 680.183
202109 603.491 274.310 726.479
202112 614.545 278.802 727.867
202203 659.525 287.504 757.498
202206 697.555 296.311 777.365
202209 738.424 296.808 821.532
202212 762.035 296.797 847.832
202303 800.228 301.836 875.461
202306 784.733 305.109 849.300
202309 768.073 307.789 824.031
202312 705.317 306.746 759.276
202403 728.502 312.332 770.209
202406 692.380 314.175 727.725
202409 728.662 315.301 763.124
202412 696.303 315.605 728.532
202503 710.898 319.799 734.048
202506 697.923 322.561 714.480
202509 730.209 324.800 742.378
202512 680.387 324.054 693.318
202603 707.291 330.213 707.291

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 Jul. 27, 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 #325 out of 753 companies in the Drug Manufacturers industry, placing it in the top 43.2%.
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 #325 out of 753 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Pfizer has a GF Score™ of 66/100, 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 #325 out of 753 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 753 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 ₴1,073.91, compared to a current price of ₴1,014.00 — trading 5.6% 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 66/100 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 Jul. 27, 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 5.6% below its estimated GF Value™ of ₴1,073.91.

Key valuation signals for UKEX:PFE:

  • Cyclically Adjusted PB Ratio: 1.78 (38% below median its 10-year median of 2.87)
  • GF Value™: ₴1,073.91 vs. price of ₴1,014.00 (5.6% below fair value)
  • GF Score™: 66/100 with 5 warning signs
  • Industry Position: 0.6% below the Drug Manufacturers median (#325 of 753)

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.
66GF 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
₴1,073.91
GF Value