Stock · ABBV · Healthcare

AbbVie Inc

United States · Large Cap · listed since 2013 · Revenue 12 mo. $64.4B

Price as of 11/06/2026

StockScorer score
5.5
of 10 6 of 11 points Medium Match To the score
Price
$291.31
1 Y +23.4%
Market cap
$525.6B
Phase
Payout
core business profitable, at least half of operating cash flow goes to shareholders
Revenue +1.8% a year (3 years)EBIT margin 32.8%Payout 70.8% of operating cash flow

Summary

AbbVie Inc is around the middle of the Healthcare sector overall

51.5 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 13.6% FCF growth a year, more than achieved over the last 5 and 10 years.

If free cash flow stays at €16B (2025), it supports €177.6B. The remaining €294B of the market value assume it grows 13.6% a year for 10 years and not at all afterwards.

Required FCF growth per year

13.6%

no growth afterwards

Market value breakdown€471.6B market value, price as of 11/06/2026

€177.6B without growth
€294B priced-in growth
  • 5 yrs achieved −2.9%
  • 10 yrs achieved 12.2%
  • priced in 13.6%

Valuation against its own history

Price to operating cash flow 26.4×, above its usual range.

Middle half of 20 quarters: 11.3× to 18.6×, median 13.4×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

1 sign supports the expectation, 2 speak against it.

What supports it

with respect to the priced-in expectation

  • Low capital needs capex median 1.7% of revenue (10 years)

What speaks against it

with respect to the priced-in expectation

  • Expectation above the company's own record priced in 13.6%, achieved at most 12.2%
  • High leverage debt to equity 2.65

AI summary of the 2025 annual report

The business of AbbVie Inc according to its report

A language model selected and condensed statements from the report. Each statement carries a verbatim quote. The selection is not complete and shows the state of the report. It gives no rating and does not feed into the score.

Form 10-K, fiscal year ended 12/31/2025, filed 02/20/2026. Open the report at the SEC

Business model according to the report

  • Skyrizi (risankizumab) is a drug that blocks interleukin-23 (IL-23).

    Quote
    Skyrizi (risankizumab) is an interleukin-23 (IL-23) inhibitor
  • Ubrelvy is a drug that blocks calcitonin gene-related peptide receptors, used for acute treatment of migraine with or without aura in adults.

    Quote
    Ubrelvy (ubrogepant) is a calcitonin gene-related peptide receptor antagonist indicated for the acute treatment of migraine with or without aura in adults.
  • Juvederm Collection is a range of dermal fillers made from hyaluronic acid, used to add volume or treat volume loss in areas such as the cheeks, chin, lips and lower face.

    Quote
    Juvederm Collection is a portfolio of hyaluronic acid-based dermal fillers with a variety of approved indications in the U.S. and in other major markets around the world to augment or treat volume loss in the temples, undereye, cheeks, chin, lips and lower face.
  • AbbVie generally sells its products worldwide directly to wholesalers, distributors, government agencies, health care facilities, specialty pharmacies and independent retailers.

    Quote
    AbbVie's products are generally sold worldwide directly to wholesalers, distributors, government agencies, health care facilities, specialty pharmacies and independent retailers
  • Certain products, including aesthetic products and devices, are also sold directly to doctors and other licensed health care providers.

    Quote
    Certain products (including aesthetic products and devices) are also sold directly to physicians and other licensed healthcare providers.

Customers according to the report

  • Managed care providers, such as health maintenance organizations and pharmacy benefit managers, hospitals and government agencies are also important customers.

    Quote
    Managed care providers (for example, health maintenance organizations and pharmacy benefit managers), hospitals and state and federal government agencies
  • Outside the United States, AbbVie mainly sells products to wholesalers or through distributors.

    Quote
    Outside the United States, AbbVie sells products primarily to wholesalers or through distributors

Competition according to the report

  • AbbVie's immunology products compete with IL-23 inhibitors, IL-17 inhibitors, JAK inhibitors, biosimilars and other products intended to treat a number of disease states.

    Quote
    AbbVie's immunology products compete with IL-23 inhibitors, IL-17 inhibitors, JAK inhibitors, biosimilars and other competitive products intended to treat a number of disease states
  • Price is also a factor in competition.

    Quote
    Price is also a competitive factor.
  • The search for technological innovation in pharmaceutical products is a significant part of competition.

    Quote
    The search for technological innovations in pharmaceutical products is a significant aspect of competition.

Risks according to the report

  • Skyrizi and Rinvoq each made up more than 10% of total net revenues, and together they accounted for approximately 42% of total net revenues in 2025.

    Quote
    Skyrizi and Rinvoq each represented greater than 10% of AbbVie's total net revenues and, in aggregate, these products accounted for approximately 42% of total net revenues in 2025.
  • Humira faces direct competition from biosimilars worldwide.

    Quote
    Humira faces direct biosimilar competition globally
  • The US patents on the substances risankizumab and upadacitinib, which protect the chemical itself, are expected to expire in 2033.

    Quote
    The United States composition of matter patents covering risankizumab and upadacitinib are expected to expire in 2033.
  • In August 2023, the US health department, through CMS, selected Imbruvica as one of 10 medicines subject to government-set prices.

    Quote
    In August 2023, the U.S. Department of Health and Human Services (HHS), through CMS, selected Imbruvica as one of 10 medicines subject to government-set prices
  • AbbVie judges that the cost of product liability insurance outweighs the likely benefits of the coverage available, so its product liability losses are self-insured.

    Quote
    AbbVie evaluates its risks and has determined that the cost of obtaining product liability insurance outweighs the likely benefits of the coverage that is available and, as such, AbbVie's product liability losses are self-insured.

Since the last quarter

Q1 → Q2 2026

Mostly worse than the previous quarter: 2 of 3 changes for the worse.

  • FCF, 12 mo.$20.0B → $18.2B−8.9%worse
  • EBIT margin27.6% → 29.3%+1.7 ppbetter
  • FCF margin31.8% → 28.3%−3.5 ppworse

4 more unchanged: Revenue, 12 mo., Gross margin, Net debt, Shares outstanding

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability88.2above the middleEarns more than the sector: Return on capital (Greenblatt) 315.65%, sector 32.55%.
MetricStockSector medianPosition in sector
Return on equity68.01%11.52%Rank 97
Return on capital (Greenblatt)315.65%32.55%Rank 99
EBIT margin32.85%18.31%Rank 89
FCF margin29.13%14.12%Rank 91
Gross margin70.24%60.99%Rank 65
Growth26.7below the middleGrows more slowly than the sector: Earnings growth, 3 years per year −29.00%, sector 5.44%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year8.57%8.04%Rank 53
Earnings growth, 3 years per year−29.00%5.44%Rank 6
Earnings growth, 5 years per year−2.90%7.00%Rank 25
Sustainable growth (ROE × retained earnings)1.98%3.66%Rank 23
Valuation25.9below the middleValued higher than the sector: Earnings yield 0.82%, sector 2.90%.
MetricStockSector medianPosition in sector
Earnings yield0.82%2.90%Rank 13
FCF yield3.39%3.63%Rank 45
EV/saleslower is better9.644.03Rank 16
EV/EBITlower is better29.3421.73Rank 30
Momentum77.9above the middleShare price doing better than the sector: Share price, 6 months 45.02%, sector 24.27%.
MetricStockSector medianPosition in sector
Share price, 1 year23.39%8.66%Rank 72
Share price, 6 months45.02%24.27%Rank 83
Share price, 3 months23.53%15.42%Rank 76
Distance from 52-week high−1.21%−7.35%Rank 81
Quality65.4above the middleQuality above the sector: Accruals (Sloan) −6.06%, sector 0.30%.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better−6.06%0.30%Rank 90
Change in share countlower is better0.06%0.00%Rank 34
Dividend streak in years1210Rank 65
Price reaction to results, market-adjusted3.01%0.05%Rank 74
Balance sheet & risk25.2below the middleMore risk than the sector: Equity ratio −2.41%, sector 48.40%.
MetricStockSector medianPosition in sector
Equity ratio−2.41%48.40%Rank 3
Net debt/EBITDAlower is better3.621.11Rank 10
Debt to equitylower is better2.650.48Rank 3
Volatility, 1 yearlower is better25.92%31.42%Rank 84

Ten years in figures

Revenue from $25.6B (2016) to $61.2B (2025), 10.1% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCF, $BSharesNet debt, $B
201625.636.4%6.61.63B31.7
201728.233.8%9.41.60B28.1
201832.819.5%12.81.55B33.0
201933.339.0%12.81.48B27.2
202045.824.8%16.81.67B78.6
202156.231.9%22.01.78B67.8
202258.131.2%24.21.78B55.0
202354.323.5%22.11.77B47.3
202456.316.2%17.81.77B62.3
202561.232.9%17.81.77B63.8
5.5 / 10Medium MatchStockScorer score6 of 11 points

4 of 7 StockScorer Score rules met · How the score is built

AbbVie Inc mainly meets criteria in the Profitability category. Result from 18 strategies checked.

This stock · Profitability: 100%This stock · Growth: 0%This stock · Valuation: 0%This stock · Momentum: 100%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How AbbVie Inc's score is built

AbbVie Inc is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

4 of 7 rules met

6 of 11 points

  1. Free cash flow yield above the sector mediannot met0 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
  3. Return on equity above the sector medianmet1 of 1 point
  4. Free cash flow margin above the sector medianmet2 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.not met0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketmet1 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does AbbVie Inc stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Defensive: Low Volatility
  • Dividend Quality: 4 Factors
  • Magic Formula: Value + Quality
  • Dividend Aristocrats & Continuity
  • High-Growth / Rule of 40
  • Levermann Strategy (13 Criteria)
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Altman Z-Score: Stress Test
  • Balanced GARP
  • PEG Strategy (inspired by Peter Lynch)
  • Trending Value: Value + Momentum
  • Undervalued Stocks: Multi-Factor Check

AbbVie Inc key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for AbbVie Inc.

MetricStockSector
P/E ratio122.330.0
P/B ratio16.54.8
Return on equity (ROE)68.0%11.5%
Equity ratio−2.4%48.4%
Debt-to-equity (D/E)2.650.48
Dividend yield2.4%1.3%

Similar stocks in Healthcare

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
ABBVAbbVie Incthis page
JNJJohnson & JohnsonHigh6.4
MRKMerck & Company IncMedium5.5
AMGNAmgen IncMedium5.5
GILDGilead Sciences Inclocked
PFEPfizer Inclocked

Frequently asked questions about AbbVie Inc stock

How does AbbVie Inc stock (ABBV) score in the StockScorer model?
AbbVie Inc stock reaches a StockScorer score of 5.5 out of 10, which is a medium match with the rule-based strategies. 4 out of 7 flagship profile rules are met.
What is AbbVie Inc's P/E ratio?
AbbVie Inc's P/E ratio is 122.3. The Healthcare sector median is 30.0.
What sector is AbbVie Inc in?
AbbVie Inc is assigned to the Healthcare sector. Its rank within the sector is 51.5 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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