Question 1

What is AbbVie's P/B ratio?

Accepted Answer

AbbVie (ABBV) P/B ratio is 16.3× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for AbbVie?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For AbbVie specifically, the relevant sector benchmark is the current sector median of 3.2×.

Question 5

Is AbbVie's P/B ratio high or low?

Accepted Answer

AbbVie's P/B ratio of 16.3× is below its own 5-year average of 41.9× and above the sector median of 3.2×. That places the current reading at the 19th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is AbbVie's historical P/B ratio range?

Accepted Answer

In the available daily series, AbbVie (ABBV) P/B ratio has ranged from a low of 3.5× in 2012 to a high of 243.6× in 2025. The 5-year average is 41.9× and the 5-year median is 18.5×.

Question 7

What was AbbVie's P/B ratio in 2024?

Accepted Answer

AbbVie (ABBV) P/B ratio at the end of 2024 was 94.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does AbbVie's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$407B	-$3.27B	—	—	Dec 31, 2025
2024	$314B	$3.33B	94.5×	+68.1×	Dec 31, 2024
2023	$274B	$10.4B	26.4×	+9.8×	Dec 31, 2023
2022	$286B	$17.3B	16.6×	+1.0×	Dec 31, 2022
2021	$239B	$15.4B	15.5×	+1.0×	Dec 31, 2021
2020	$190B	$13.1B	14.5×	—	Dec 31, 2020
2019	$131B	-$8.17B	—	—	Dec 31, 2019
2018	$137B	-$8.45B	—	—	Dec 31, 2018
2017	$154B	$5.1B	30.2×	+8.7×	Dec 31, 2017
2016	$99.7B	$4.64B	21.5×	-2.7×	Dec 31, 2016
2015	$95.4B	$3.95B	24.2×	-35.6×	Dec 31, 2015
2014	$104B	$1.74B	59.8×	+41.1×	Dec 31, 2014
2013	$83.8B	$4.49B	18.7×	+2.6×	Dec 31, 2013
2012	$54.1B	$3.36B	16.1×	+11.5×	Dec 31, 2012
2011	$55.3B	$11.9B	4.6×	—	Dec 31, 2011


Charles River (CRL)	2.6×
Danaher (DHR)	2.6×
Spruce Biosciences (SPRB)	2.6×
Regeneron Pharmaceuticals (REGN)	2.6×
Henry Schein (HSIC)	2.5×
Labcorp Holdings (LH)	2.5×
Solventum (SOLV)	2.3×
Medtronic (MDT)	2.2×
Elevance Health (ELV)	1.9×
Becton, Dickinson and (BDX)	1.8×
Pfizer (PFE)	1.8×
Cigna (CI)	1.7×
Waters Corporation (WAT)	1.6×
Cooper Companies (COO)	1.5×
Universal Health Services (UHS)	1.5×
Biogen (BIIB)	1.4×
Baxter International (BAX)	1.4×
Zimmer Biomet Holdings (ZBH)	1.4×
Revvity (RVTY)	1.4×
CVS Health (CVS)	1.2×
Humana (HUM)	1.1×
Viatris (VTRS)	1.1×
Ovid Therapeutics (OVID)	0.8×
Centene (CNC)	0.8×
Teladoc Health (TDOC)	0.7×

P/B Ratio for AbbVie (ABBV) 2011-2026

P/B Ratio daily chart for AbbVie (ABBV)

Historical P/B Ratio for AbbVie (ABBV) from 2011 to 2025

About P/B Ratio at AbbVie (ABBV)

AbbVie P/B Ratio by Year

AbbVie P/B Ratio 2024: 94.5×

AbbVie P/B Ratio 2023: 26.4×

AbbVie P/B Ratio 2022: 16.6×

AbbVie P/B Ratio 2021: 15.5×

AbbVie P/B Ratio 2020: 14.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

AbbVie (ABBV) Key Financials