AbbVie (XSWX:ABBV) Cyclically Adjusted PB Ratio: 77.15 (As of Jul. 06, 2026) — 66% Above Median


XSWX:ABBV AbbVie Inc XSWX:ABBV
65 GF Score
Price CHF206.75
GF Value CHF167.66
Valuation Modestly Overvalued
! 4 Warning Signs
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What is AbbVie Cyclically Adjusted PB Ratio?

AbbVie XSWX:ABBV 65 Cyclically Adjusted PB Ratio is 77.15 as of Jul. 06, 2026, which is 66% above its 10-year median of 46.57. GuruFocus rates XSWX:ABBV with a GF Score™ of 65/100 and a GF Value™ of CHF167.66 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 759 Drug Manufacturers companies, AbbVie ranks worse than 99.08% on this metric.

As of today (2026-07-06), AbbVie's current share price is CHF206.75. AbbVie's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was CHF2.68. AbbVie's Cyclically Adjusted PB Ratio for today is 77.15.

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

XSWX:ABBV' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 33.2   Med: 46.57   Max: 77.01
Current: 76.94

During the past years, AbbVie's highest Cyclically Adjusted PB Ratio was 77.01. The lowest was 33.20. And the median was 46.57.

XSWX:ABBV's Cyclically Adjusted PB Ratio is ranked worse than
99.08% of 759 companies
in the Drug Manufacturers industry
Industry Median: 1.85 vs XSWX:ABBV: 76.94

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.

AbbVie's adjusted book value per share data for the three months ended in Mar. 2026 was CHF-2.966. 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 CHF2.68 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


AbbVie  (XSWX:ABBV) 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.


AbbVie Cyclically Adjusted PB Ratio Related Terms


AbbVie Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for AbbVie'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.

AbbVie Cyclically Adjusted PB Ratio Chart

AbbVie 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 45.64 50.43 41.86 46.62 64.91

AbbVie 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 54.38 49.22 63.28 64.91 64.09

XSWX:ABBV vs MRK, JNJ, AMGN: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - General subindustry, AbbVie'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.


AbbVie Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

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

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


XSWX:ABBV
65GF Score
AbbVie Inc XSWX:ABBV
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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AbbVie 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=206.75/2.68
=77.15

* 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.

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

For example, AbbVie'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)
=-2.966/330.2130*330.2130
=-2.966

Current CPI (Mar. 2026) = 330.2130.

AbbVie Quarterly Data

Book Value per Share CPI Adj_Book
201606 3.358 241.018 4.601
201609 3.874 241.428 5.299
201612 2.968 241.432 4.059
201703 3.145 243.801 4.260
201706 3.650 244.955 4.920
201709 4.032 246.819 5.394
201712 3.160 246.524 4.233
201803 2.123 249.554 2.809
201806 -2.207 251.989 -2.892
201809 -1.880 252.439 -2.459
201812 -5.665 251.233 -7.446
201903 -5.297 254.202 -6.881
201906 -5.725 256.143 -7.381
201909 -5.510 256.759 -7.086
201912 -5.430 256.974 -6.978
202003 -4.817 258.115 -6.163
202006 7.931 257.797 10.159
202009 7.914 260.280 10.040
202012 6.581 260.474 8.343
202103 7.220 264.877 9.001
202106 6.457 271.696 7.848
202109 7.073 274.310 8.514
202112 8.025 278.802 9.505
202203 8.565 287.504 9.837
202206 8.041 296.311 8.961
202209 8.803 296.808 9.794
202212 9.085 296.797 10.108
202303 6.964 301.836 7.619
202306 6.564 305.109 7.104
202309 6.162 307.789 6.611
202312 5.073 306.746 5.461
202403 4.030 312.332 4.261
202406 3.431 314.175 3.606
202409 2.892 315.301 3.029
202412 1.679 315.605 1.757
202503 0.710 319.799 0.733
202506 -0.084 322.561 -0.086
202509 -1.190 324.800 -1.210
202512 -1.474 324.054 -1.502
202603 -2.966 330.213 -2.966

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 77.15 mean?
AbbVie (XSWX:ABBV) has a Cyclically Adjusted PB Ratio of 77.15 as of Jul. 06, 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 AbbVie and its competitors. This is 66% above median its historical median of 46.57. Over the past decade, AbbVie's Cyclically Adjusted PB Ratio has ranged from 33.20 to 77.01. According to the industry distribution chart, AbbVie ranks #752 out of 759 companies in the Drug Manufacturers industry, placing it in the top 99.1%.
Is AbbVie's Cyclically Adjusted PB Ratio too high?
AbbVie's current Cyclically Adjusted PB Ratio of 77.15 is 66% above median its 10-year median of 46.57. Over the past 10 years, this metric has ranged from a low of 33.20 to a high of 77.01. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.85. AbbVie's value of 77.15 is 4070.3% above this industry median. Based on the distribution chart, AbbVie ranks #752 out of 759 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, AbbVie has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AbbVie's Cyclically Adjusted PB Ratio compare to MRK and JNJ?
According to the Drug Manufacturers industry distribution chart, AbbVie ranks #752 out of 759 companies for Cyclically Adjusted PB Ratio. This places AbbVie in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.85. AbbVie's value of 77.15 is 4070.3% above this benchmark. Historically, AbbVie's own Cyclically Adjusted PB Ratio has ranged from 33.20 to 77.01 over the past decade. While the company's 10-year median is 46.57 vs. the industry median of 1.85, AbbVie has consistently been above 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 1.85, based on 759 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. AbbVie's current Cyclically Adjusted PB Ratio of 77.15 is 4070.3% above 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 AbbVie and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AbbVie's current Cyclically Adjusted PB Ratio is 77.15, which is 66% above median its own 10-year median of 46.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AbbVie stock overvalued right now?
Based on GuruFocus' analysis, AbbVie (XSWX:ABBV) is currently considered Modestly Overvalued. The stock's GF Value™ is CHF167.66, compared to a current price of CHF206.75 — trading 23.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 77.15, which is 66% above median its 10-year median of 46.57 and 4070.3% above the Drug Manufacturers industry median of 1.85. AbbVie's overall GF Score™ is 65/100 with 4 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 AbbVie (XSWX:ABBV), the current Cyclically Adjusted PB Ratio is 77.15 as of Jul. 06, 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 AbbVie (XSWX:ABBV) Overvalued in 2026?

Based on GuruFocus' analysis, AbbVie stock appears to be overvalued. The current stock price of CHF206.75 is trading 23.3% above its estimated GF Value™ of CHF167.66. GuruFocus considers AbbVie to be Modestly Overvalued.

Key valuation signals for XSWX:ABBV:

  • Cyclically Adjusted PB Ratio: 77.15 (66% above median its 10-year median of 46.57)
  • GF Value™: CHF167.66 vs. price of CHF206.75 (23.3% above fair value)
  • GF Score™: 65/100 with 4 warning signs
  • Industry Position: 4070.3% above the Drug Manufacturers median (#752 of 759)

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


AbbVie Business Description

Address 1 North Waukegan Road, North Chicago, IL, USA, 60064-6400
AbbVie is a pharmaceutical firm with a strong exposure to immunology (with Humira, Skyrizi, and Rinvoq) and oncology (with Imbruvica and Venclexta). The company was spun off from Abbott in early 2013. The 2020 acquisition of Allergan added several new products and drugs in aesthetics, including Botox. The 2024 acquisitions of Cerevel (neuroscience) and ImmunoGen (oncology) help supplement AbbVie's portfolio.
65GF Score

Get the complete analysis for XSWX:ABBV

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

CHF206.75
Price
CHF167.66
GF Value