目前價格
$271.36
PE Ratio (TTM)
76.5x
內在價值
$175.19
安全邊際 -54.9%
截至 2026-10-07,對 AbbVie Inc.(ABBV)每股盈餘 $3.57 套用 50.0x 的獲利倍數,得出每股公允價值估算約 $175.19,目前股價為 $271.36。
基於獲利倍數的公允價值對所選倍數很敏感。在敏感度網格上,估算區間為 $151.42 至 $201.88。這是錨定獲利的相對估算,並非事實定論。如需基於現金流的視角,請參閱 DCF 頁面的內在價值估算。
PE 模型如何運作 · 用 PE 模式重新計算 · ABBV 內在價值(DCF 視角)
在 $271.36 的價格下,ABBV 高於其基於 PE 的公允價值估算,意味著市場為其支付了高於所用獲利倍數的溢價。按此模型,除非獲利成長追上股價,否則該股看起來偏貴。
競爭護城河
↑專利保護
Humira 等關鍵藥物的專利保護為 AbbVie 提供了顯著的定價權和市場獨佔性,使其能夠產生穩定的現金流。
↑研發實力
公司強大的研發能力和持續的藥物開發管線,使其能夠不斷推出新藥並擴展其產品組合,維持競爭優勢。
↑品牌聲譽
AbbVie 在治療領域建立了良好的品牌聲譽和患者信任,這有助於其藥物的市場接受度和銷售表現。
投資風險
↓藥物開發失敗
新藥研發存在高度不確定性,若關鍵藥物開發失敗或未能獲得監管批准,將對公司未來成長造成重大打擊。
↓監管風險
藥品行業受到嚴格監管,法規變動、臨床試驗問題或合規性問題都可能對公司營運和財務產生負面影響。
↓併購整合風險
公司依賴併購來擴張,但併購後的整合可能面臨挑戰,包括協同效應未達預期或產生額外成本。
基準情形
內在價值
$175.19
安全邊際
-54.9%
預期年化報酬
-8.4%
基準情形假設:盈餘年成長率 7.4%、目標 P/E 倍數 50x、折現率 10%、預測 5 年。資料截至 2026-10-07。
本基準情形採用預設假設,不構成投資建議。當目標 PE 或盈餘成長率變化時,公允價值會顯著改變。開啟計算器可設定你自己的假設,並查看完整的敏感度區間。
AbbVie Inc. is a global biopharmaceutical company dedicated to the discovery, development, manufacturing, and commercialization of advanced medicines. Its extensive therapeutic portfolio encompasses several key areas: Immunology and Inflammation: Leading products include HUMIRA, an injectable therapy for autoimmune and intestinal Behçet's diseases; SKYRIZI, which addresses moderate to severe plaque psoriasis in adults; and RINVOQ, a JAK inhibitor for moderate to severe active rheumatoid arthritis in adult patients. Oncology and Hematology: For blood cancers, AbbVie provides IMBRUVICA and VENCLEXTA (a BCL-2 inhibitor), both indicated for adult patients with chronic lymphocytic leukemia (CLL) and small lymphocytic lymphoma (SLL). Virology: MAVYRET offers a treatment option for individuals with chronic HCV genotype 1-6 infection. Gastroenterology and Endocrinology: The company supplies CREON, an enzyme replacement therapy for exocrine pancreatic insufficiency, and Synthroid, used to manage hypothyroidism. Linzess/Constella helps treat irritable bowel syndrome with constipation (IBS-C) and chronic idiopathic constipation. Women's Health and Urology: Lupron serves as a palliative treatment for conditions like advanced prostate cancer, endometriosis, central precocious puberty, and anemia caused by uterine fibroids. ORILISSA, a nonpeptide small molecule GnRH antagonist, is designed for women experiencing moderate to severe endometriosis pain. Neurology: AbbVie offers Duopa and Duodopa, a levodopa-carbidopa intestinal gel for Parkinson's disease, and Ubrelvy to treat migraines (with or without aura) in adults. The therapeutic formulation of Botox is also part of its offerings. Ophthalmology: Its eye care segment features Lumigan/Ganfort (a bimatoprost ophthalmic solution) and Alphagan/Combigan (an alpha-adrenergic receptor agonist), both aimed at reducing elevated intraocular pressure (IOP) in patients with open-angle glaucoma (OAG) or ocular hypertension. Restasis, a calcineurin inhibitor immunosuppressant, is provided to enhance tear production, alongside other specialized eye care products. AbbVie Inc. also engages in research collaborations, including a partnership with Dragonfly Therapeutics, Inc. The company was founded in 2012 and operates from its headquarters in North Chicago, Illinois.
PE Ratio (TTM)
76.5x
PEG Ratio
1.12
獲利收益率
1.31%
ROE (TTM)
-136.5%
Revenue/Share (TTM)
$36.36
股息收益率
2.52%
Debt/Equity
n/m
ABBV 的過去 12 個月本益比反映投資者為 AbbVie Inc. 每一美元收益所支付的價格。該指標在與Drug Manufacturers - General同類公司和公司自身歷史區間對比時最有意義。
ABBV 的本益比 76.5x 結合 PEG 比率 1.12 提供了成長調整後的視角。PEG 接近 1.0 表明本益比與獲利成長率基本匹配。注意 PE 估值最適合獲利穩定的成熟公司——對於高成長或週期性Drug Manufacturers - General,DCF 分析可能更合適。
對 AbbVie Inc. 使用 PE 估值的步驟:(1) 將目前本益比 (76.5x)與Drug Manufacturers - General中位數對比評估相對定價,(2) 查看 PEG 比率 (1.12)以調整成長預期,(3) 參考 5 年 PE 歷史區間判斷目前位置,(4) 用目標 PE 乘以前瞻 EPS 估算公允價值。這種相對估值方法與 DCF 的絕對估值互為補充。
ABBV 的 PEG 比率為 1.12,由本益比(76.5x)除以預期獲利成長率計算。PEG 接近 1.0 意味著本益比與預期獲利成長率大致相符。注意 PEG 的準確性取決於成長預期的可靠性。
PE 本益比給出快速的相對定價——ABBV 相對於Drug Manufacturers - General同類的估值水準。DCF 基於預期自由現金流提供絕對價值。建議用 PE 做快速篩選,用 DCF 做深度分析。兩種方法各有盲區:PE 忽略了資本結構和現金流品質,DCF 則對成長率和折現率假設非常敏感。
本益比與 DCF 使用不同的方法和假設為 ABBV 估值,因此兩者的結論可能不同。可對比 DCF 內在價值。
價格截至 2026-10-07。 財務數據來自 Financial Modeling Prep(過去 12 個月)· 估值方法論由 Charlie Wang 提供。
這是估計值,不構成投資建議。