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Pfizer (UKEX:PFE) Cyclically Adjusted PB Ratio : 1.88 (As of May. 29, 2024)


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What is Pfizer Cyclically Adjusted PB Ratio?

As of today (2024-05-29), 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: 1.91

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
51.92% of 703 companies
in the Drug Manufacturers industry
Industry Median: 1.86 vs UKEX:PFE: 1.91

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 ₴660.050. 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)
=660.05/131.7762*131.7762
=660.050

Current CPI (Mar. 2024) = 131.7762.

Pfizer Quarterly Data

Book Value per Share CPI Adj_Book
201406 489.672 100.560 641.681
201409 501.520 100.428 658.069
201412 459.211 99.070 610.813
201503 444.101 99.621 587.445
201506 439.461 100.684 575.171
201509 438.697 100.392 575.844
201512 424.659 99.792 560.764
201603 412.687 100.470 541.277
201606 419.284 101.688 543.344
201609 422.684 101.861 546.821
201612 397.455 101.863 514.174
201703 397.580 102.862 509.338
201706 397.643 103.349 507.018
201709 413.093 104.136 522.740
201712 483.276 104.011 612.283
201803 478.088 105.290 598.356
201806 482.340 106.317 597.845
201809 499.958 106.507 618.577
201812 449.420 105.998 558.717
201903 428.799 107.251 526.855
201906 433.974 108.070 529.173
201909 476.969 108.329 580.204
201912 462.362 108.420 561.965
202003 474.611 108.902 574.303
202006 469.528 108.767 568.853
202009 476.007 109.815 571.201
202012 460.437 109.897 552.106
202103 497.212 111.754 586.292
202106 507.062 114.631 582.901
202109 546.786 115.734 622.576
202112 556.801 117.630 623.765
202203 597.554 121.301 649.157
202206 632.011 125.017 666.183
202209 669.040 125.227 704.033
202212 690.432 125.222 726.571
202303 725.037 127.348 750.249
202306 710.997 128.729 727.829
202309 695.903 129.860 706.174
202312 639.044 129.419 650.681
202403 660.050 131.776 660.050

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