PFIZER INC
$28.89
+0.06 (+0.21%) · delayed · Nov 13, 2026
Five-year price
52w $23.62 to $31.44
- Market cap
- $164.7B
- Enterprise value
- $228.2B
- P/E
- 21.2×
- 27.6× on 3y avg EPS
- EV / EBIT
- —
- FCF yield
- 5.5%
- ROIC
- —
- Debt / equity
- 0.75
- Piotroski F
- 5/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
75
- –ROIC > 12% (5y avg)5y avg ROIC n/a
- ●ROE > 15% (5y avg)5y avg ROE 16.3%
- –Stable operating marginsMargin volatility n/a (σ, 5y)
- ●Earnings convert to cashFCF / net income 137% (5y avg)
- ●Growing revenueRevenue CAGR 5y 8.5%
- ○Shrinking share countDiluted shares 1.4% over 5y
Value
25
- ○P/E below 15P/E 21.2
- –EV/EBIT below 12EV/EBIT n/a
- ○FCF yield above 6%FCF yield 5.5%
- ○Price below Graham NumberGraham Number $21.55
- ●P/B below 3P/B 1.9
Safety
0
- ○Debt / equity below 0.5D/E 0.75
- ○Debt payable in < 4 yrs of earningsNet debt $63.5B
- –Interest coverage > 8xCoverage n/ax
- ○Current ratio > 1.5Current ratio 1.16
- ○Piotroski F-score ≥ 6F-score 5/9
Graham Defensive
29
- ●Adequate size (revenue > $2B)Revenue $62.6B
- ○Strong condition (current ratio ≥ 2)Current ratio 1.16
- ●Earnings stability (no loss, 10y)10 years of data
- ○Uninterrupted dividendsDividends paid every year on record
- ○Earnings growth ≥ 33% (10y, 3y avgs)EPS growth -52%
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 27.6
- ○P/E × P/B ≤ 22.5Product 52.6
Valuation lab
What do you have to believe?
At $28.89, the market is pricing in about 8.7% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt $63.5B · 5700M shares · 5y revenue CAGR 8.5%
Intrinsic value
$26.90
Price
$28.89
Premium paid
7%
What the price implies
The market is paying for 8.7% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
60% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 52,824 | 52,546 | 40,825 | 40,905 | 41,651 | 73,636 | 91,793 | 50,914 | 63,627 | 62,579 |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Pre-tax income | 8,351 | 12,305 | 3,594 | 11,321 | 7,036 | 24,311 | 34,729 | 1,058 | 8,023 | 7,520 |
| Income tax | 1,123 | (9,049) | (266) | 583 | 370 | 1,852 | 3,328 | (1,115) | (28) | (266) |
| Net income | 7,215 | 21,308 | 11,153 | 16,026 | 9,159 | 21,979 | 31,372 | 2,119 | 8,031 | 7,771 |
| EPS (diluted) | 1.17 | 3.52 | 1.87 | 2.82 | 1.63 | 3.85 | 5.47 | 0.37 | 1.41 | 1.36 |
| Diluted shares | 6,159 | 6,058 | 5,977 | 5,675 | 5,632 | 5,708 | 5,733 | 5,709 | 5,700 | 5,713 |
Who owns it