当前价格
$265.01
市盈率(TTM)
74.7x
内在价值
$175.28
安全边际 -51.2%
截至 2026-08-21,对 AbbVie Inc.(ABBV)每股收益 $3.57 套用 50.0x 的盈利倍数,得出每股公允价值估算约 $175.28,当前股价为 $265.01。
基于盈利倍数的公允价值对所选倍数很敏感。在敏感性网格上,估算区间为 $151.5 至 $201.98。这是锚定盈利的相对估算,并非事实定论。如需基于现金流的视角,请参阅 DCF 页面的内在价值估算。
PE 模型如何运作 · 用 PE 模式重新计算 · ABBV 内在价值(DCF 视角)
在 $265.01 的价格下,ABBV 高于其基于 PE 的公允价值估算,意味着市场为其支付了高于所用盈利倍数的溢价。按此模型,除非盈利成长追上股价,否则该股看起来偏贵。
竞争护城河
↑专利保护
公司拥有多款重磅药物的专利保护,这为其带来了定价权和稳定的收入来源。新药研发管线也为未来增长奠定基础。
↑品牌忠诚度
在免疫学和美容领域,AbbVie 建立的强大品牌认知度和患者忠诚度,使得竞争对手难以轻易抢占市场份额。
↑研发能力
持续高强度的研发投入,使得公司能够不断推出创新药物,并应对专利悬崖的挑战,维持其在关键治疗领域的领先地位。
投资风险
↓重磅药物依赖
公司部分收入高度依赖少数几款重磅药物,一旦这些药物面临专利到期或竞争加剧,将对公司业绩产生重大影响。
↓研发失败风险
新药研发投入巨大且风险高,若关键研发项目未能成功,将影响公司未来的增长潜力和市场竞争力。
↓并购整合风险
公司通过并购实现增长,但并购后的整合可能面临挑战,如协同效应未达预期或产生商誉减值。
基准情形
内在价值
$175.28
安全边际
-51.2%
预期年化收益
-7.9%
基准情形假设:盈利年增长率 7.4%、目标 P/E 倍数 50x、折现率 10%、预测 5 年。数据截至 2026-08-21。
本基准情形采用默认假设,不构成投资建议。当目标 PE 或盈利增长率变化时,公允价值会显著改变。打开计算器可设置你自己的假设,并查看完整的敏感性区间。
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.
市盈率(TTM)
74.7x
PEG 比率
1.09
盈利收益率
1.35%
ROE (TTM)
-136.5%
Revenue/Share (TTM)
$36.36
股息率
2.58%
Debt/Equity
n/m
ABBV 的过去 12 个月市盈率反映投资者为 AbbVie Inc. 每一美元收益所支付的价格。该指标在与Drug Manufacturers - General同类公司和公司自身历史区间对比时最有意义。
ABBV 的市盈率 74.7x 结合 PEG 比率 1.09 提供了增长调整后的视角。PEG 接近 1.0 表明市盈率与盈利增速基本匹配。注意 PE 估值最适合盈利稳定的成熟公司——对于高增长或周期性Drug Manufacturers - General,DCF 分析可能更合适。
对 AbbVie Inc. 使用 PE 估值的步骤:(1) 将当前市盈率 (74.7x)与Drug Manufacturers - General中位数对比评估相对定价,(2) 查看 PEG 比率 (1.09)以调整增长预期,(3) 参考 5 年 PE 历史区间判断当前位置,(4) 用目标 PE 乘以前瞻 EPS 估算公允价值。这种相对估值方法与 DCF 的绝对估值互为补充。
ABBV 的 PEG 比率为 1.09,由市盈率(74.7x)除以预期盈利增速计算。PEG 接近 1.0 意味着市盈率与预期盈利增速大致相符。注意 PEG 的准确性取决于增长预期的可靠性。
PE 市盈率给出快速的相对定价——ABBV 相对于Drug Manufacturers - General同类的估值水平。DCF 基于预期自由现金流提供绝对价值。建议用 PE 做快速筛选,用 DCF 做深度分析。两种方法各有盲区:PE 忽略了资本结构和现金流质量,DCF 则对增长率和折现率假设非常敏感。
PE 与 DCF 使用不同的方法和假设为 ABBV 估值,因此两者的结论可能不同。可对比 DCF 内在价值。
价格截至 2026-08-21。 财务数据来自 Financial Modeling Prep(过去 12 个月)· 估值方法论由 Charlie Wang 提供。
这是估计值,不构成投资建议。