Abbott Laboratories
ABT
#71
Rank
$182.10 B
Marketcap
$104.68
Share price
1.91%
Change (1 day)
-2.17%
Change (1 year)
Categories

Abbott Laboratories (ABT), (founding name: Abbott Alkaloid Company) is a global pharmaceutical company with around 73,000 employees in 150 countries. Abbott was founded in 1888 by Wallace C. Abbott (1857-1921) and is headquartered in Abbott Park, a northern suburb of Chicago, Illinois.

P/E ratio for Abbott Laboratories (ABT)

P/E ratio as of July 2024 (TTM): 35.2

According to Abbott Laboratories's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 35.2197. At the end of 2022 the company had a P/E ratio of 25.6.

P/E ratio history for Abbott Laboratories from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202225.6-27.43%
202135.2-18.34%
202043.13.71%
201941.6-22.4%
201853.6-74.09%
2017207412.58%
201640.4167.34%
201515.1-49.14%
201429.728.56%
201323.1178.22%
20128.30-6.55%
20118.8815.22%
20107.7110.37%
20096.98-13.84%
20088.10-29.92%
200711.6-44.09%
200620.7137.23%
20058.72-18.98%
200410.8-9.46%
200311.918.49%
200210.0-59.52%
200124.8

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
11.1-68.44%๐Ÿ‡บ๐Ÿ‡ธ USA
16.1-54.16%๐Ÿ‡บ๐Ÿ‡ธ USA
36.2 2.74%๐Ÿ‡บ๐Ÿ‡ธ USA
40.5 14.87%๐Ÿ‡บ๐Ÿ‡ธ USA
29.9-15.18%๐Ÿ‡ฎ๐Ÿ‡ช Ireland
10.9-69.14%๐Ÿ‡บ๐Ÿ‡ธ USA
94.4 168.04%๐Ÿ‡บ๐Ÿ‡ธ USA
40.2 14.09%๐Ÿ‡ฌ๐Ÿ‡ง UK
29.9-15.12%๐Ÿ‡จ๐Ÿ‡ญ Switzerland
11.4-67.69%๐Ÿ‡ฌ๐Ÿ‡ง UK

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.