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Pfizer (UKEX:PFE) Cyclically Adjusted PB Ratio : 1.88 (As of May. 25, 2024)


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What is Pfizer Cyclically Adjusted PB Ratio?

As of today (2024-05-25), Pfizer's current share price is ₴1014.00. Pfizer's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₴540.80. Pfizer's Cyclically Adjusted PB Ratio for today is 1.88.

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: 1.72   Med: 2.87   Max: 4.7
Current: 1.95

During the past years, Pfizer's highest Cyclically Adjusted PB Ratio was 4.70. The lowest was 1.72. And the median was 2.87.

UKEX:PFE's Cyclically Adjusted PB Ratio is ranked worse than
51.16% of 692 companies
in the Drug Manufacturers industry
Industry Median: 1.89 vs UKEX:PFE: 1.95

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. 2024 was ₴652.850. 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 ₴540.80 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pfizer Cyclically Adjusted PB Ratio Historical Data

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.

* Premium members only.

Pfizer Cyclically Adjusted PB Ratio Chart

Pfizer Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.08 3.04 4.59 3.69 1.98

Pfizer Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.87 2.54 2.28 1.98 1.87

Competitive Comparison of Pfizer's Cyclically Adjusted PB Ratio

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's Cyclically Adjusted PB Ratio Distribution in the 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.



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
=1014.00/540.8
=1.88

* 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. 2024 is calculated as:

For example, Pfizer's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=652.85/131.7762*131.7762
=652.850

Current CPI (Mar. 2024) = 131.7762.

Pfizer Quarterly Data

Book Value per Share CPI Adj_Book
201406 484.330 100.560 634.681
201409 496.048 100.428 650.889
201412 454.201 99.070 604.149
201503 438.019 99.621 579.400
201506 434.666 100.684 568.896
201509 433.911 100.392 569.562
201512 420.026 99.792 554.646
201603 408.185 100.470 535.372
201606 414.710 101.688 537.417
201609 418.073 101.861 540.855
201612 393.119 101.863 508.564
201703 393.242 102.862 503.780
201706 393.305 103.349 501.487
201709 408.586 104.136 517.037
201712 478.004 104.011 605.604
201803 472.872 105.290 591.828
201806 477.078 106.317 591.323
201809 494.504 106.507 611.829
201812 444.517 105.998 552.622
201903 424.121 107.251 521.108
201906 429.240 108.070 523.400
201909 471.766 108.329 573.875
201912 457.318 108.420 555.834
202003 469.433 108.902 568.037
202006 464.406 108.767 562.648
202009 470.814 109.815 564.970
202012 455.414 109.897 546.083
202103 491.788 111.754 579.896
202106 501.531 114.631 576.542
202109 540.821 115.734 615.784
202112 550.726 117.630 616.959
202203 591.035 121.301 642.075
202206 625.116 125.017 658.915
202209 661.741 125.227 696.352
202212 682.900 125.222 718.645
202303 717.127 127.348 742.064
202306 703.241 128.729 719.889
202309 688.311 129.860 698.470
202312 632.072 129.419 643.582
202403 652.850 131.776 652.850

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.


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

Thank you for viewing the detailed overview of Pfizer's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Pfizer (UKEX:PFE) Business Description

Industry
Address
66 Hudson Boulevard East, New York, NY, USA, 10001-2192
Pfizer is one of the world's largest pharmaceutical firms, with annual sales close to $50 billion (excluding COVID-19 product sales). 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, cancer drug Ibrance, and cardiovascular treatment Eliquis. Pfizer sells these products globally, with international sales representing close to 50% of total sales. Within international sales, emerging markets are a major contributor.

Pfizer (UKEX:PFE) Headlines