Stock Analysis on Net

Abbott Laboratories (NYSE:ABT)

Common Stock Valuation Ratios (Price Multiples) 
Quarterly Data

Microsoft Excel

Historical Valuation Ratios (Summary)

Abbott Laboratories, historical price multiples (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Price to earnings (P/E) 17.46 34.10 33.17 32.73 34.57 31.95 36.16 33.21 26.76 21.95 22.24 25.48 29.13 31.42 33.80 36.79 48.49
Price to operating profit (P/OP) 34.28 29.37 28.44 28.99 30.54 27.48 30.47 27.70 22.18 18.35 18.63 21.33 24.45 26.84 29.01 31.39 40.69
Price to sales (P/S) 5.58 4.77 4.53 4.57 4.93 4.13 4.64 4.64 4.25 3.85 4.18 4.42 4.78 5.38 5.36 5.64 6.30
Price to book value (P/BV) 4.91 4.94 4.69 4.75 5.12 4.40 5.02 5.21 5.06 4.85 5.21 5.56 5.75 6.61 6.38 6.27 6.65 6.30 5.94 5.40

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Abbott Laboratories P/E ratio increased from Q2 2024 to Q3 2024 but then decreased significantly from Q3 2024 to Q4 2024.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Abbott Laboratories P/OP ratio increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Abbott Laboratories P/S ratio increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Abbott Laboratories P/BV ratio increased from Q2 2024 to Q3 2024 but then slightly decreased from Q3 2024 to Q4 2024.

Price to Earnings (P/E)

Abbott Laboratories, historical P/E calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
No. shares of common stock outstanding1 1,734,323,411 1,734,455,213 1,739,897,004 1,739,633,759 1,735,184,289 1,736,058,536 1,735,357,980 1,738,946,799 1,737,946,233 1,743,573,777 1,751,219,743 1,750,942,289 1,763,482,267 1,768,286,969 1,772,817,349 1,776,820,148 1,771,529,358 1,772,361,581 1,770,529,999 1,768,845,326
Selected Financial Data (US$)
Net earnings (in millions) 9,229 1,646 1,302 1,225 1,594 1,436 1,375 1,318 1,033 1,435 2,018 2,447 1,989 2,100 1,189 1,793 2,162 1,232 537 564
Earnings per share (EPS)2 7.73 3.32 3.19 3.24 3.30 2.97 2.97 3.34 3.99 4.52 4.88 4.41 4.01 4.10 3.60 3.22 2.54 0.00 0.00 0.00
Share price1, 3 134.92 113.37 105.94 105.92 114.01 95.01 107.54 110.86 106.74 99.31 108.64 112.43 116.79 128.70 121.57 118.51 123.04 111.53 102.52 92.28
Valuation Ratio
P/E ratio4 17.46 34.10 33.17 32.73 34.57 31.95 36.16 33.21 26.76 21.95 22.24 25.48 29.13 31.42 33.80 36.79 48.49
Benchmarks
P/E Ratio, Competitors5
CVS Health Corp. 17.28 15.46 9.88 9.66 11.47 10.28 33.58 22.61 27.53 40.34 16.30 16.49 17.39 16.78 14.94 14.44 12.88
Elevance Health Inc. 14.85 16.06 18.05 19.55 19.80 18.14 17.03 17.46 19.20 18.75 18.07 20.46 18.13 18.65 22.10 19.99 15.87
Intuitive Surgical Inc. 87.82 82.75 77.23 65.38 74.11 61.96 79.78 79.43 64.99 56.03 52.74 55.10 59.94 71.86 69.15 89.95 87.47
Medtronic PLC 27.97 26.49 25.70 29.96 30.94 26.88 24.40 22.61 23.38 29.39 30.66 46.71 46.56 55.13 42.80 32.34 26.30 25.38 31.86 32.75
UnitedHealth Group Inc. 29.75 35.85 36.59 30.38 20.53 22.75 22.15 22.01 22.46 26.13 27.70 27.29 26.03 27.92 27.41 23.06 20.54

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Data adjusted for splits and stock dividends.

2 Q4 2024 Calculation
EPS = (Net earningsQ4 2024 + Net earningsQ3 2024 + Net earningsQ2 2024 + Net earningsQ1 2024) ÷ No. shares of common stock outstanding
= (9,229,000,000 + 1,646,000,000 + 1,302,000,000 + 1,225,000,000) ÷ 1,734,323,411 = 7.73

3 Closing price as at the filing date of Abbott Laboratories Quarterly or Annual Report.

4 Q4 2024 Calculation
P/E ratio = Share price ÷ EPS
= 134.92 ÷ 7.73 = 17.46

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Abbott Laboratories P/E ratio increased from Q2 2024 to Q3 2024 but then decreased significantly from Q3 2024 to Q4 2024.

Price to Operating Profit (P/OP)

Abbott Laboratories, historical P/OP calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
No. shares of common stock outstanding1 1,734,323,411 1,734,455,213 1,739,897,004 1,739,633,759 1,735,184,289 1,736,058,536 1,735,357,980 1,738,946,799 1,737,946,233 1,743,573,777 1,751,219,743 1,750,942,289 1,763,482,267 1,768,286,969 1,772,817,349 1,776,820,148 1,771,529,358 1,772,361,581 1,770,529,999 1,768,845,326
Selected Financial Data (US$)
Operating earnings (in millions) 1,911 1,859 1,669 1,386 1,780 1,647 1,542 1,509 1,304 1,770 2,376 2,912 2,378 2,546 1,392 2,109 2,432 1,495 672 758
Operating profit per share2 3.94 3.86 3.73 3.65 3.73 3.46 3.53 4.00 4.81 5.41 5.83 5.27 4.78 4.80 4.19 3.78 3.02 0.00 0.00 0.00
Share price1, 3 134.92 113.37 105.94 105.92 114.01 95.01 107.54 110.86 106.74 99.31 108.64 112.43 116.79 128.70 121.57 118.51 123.04 111.53 102.52 92.28
Valuation Ratio
P/OP ratio4 34.28 29.37 28.44 28.99 30.54 27.48 30.47 27.70 22.18 18.35 18.63 21.33 24.45 26.84 29.01 31.39 40.69
Benchmarks
P/OP Ratio, Competitors5
CVS Health Corp. 9.36 8.14 5.74 5.62 6.96 6.32 15.41 11.67 14.75 20.01 9.97 10.06 10.43 9.43 7.87 7.61 6.65
Elevance Health Inc. 12.19 13.12 14.89 15.42 15.57 14.38 13.36 13.61 15.05 15.30 14.72 17.53 15.70 15.81 19.93 15.79 12.10
Intuitive Surgical Inc. 86.83 89.92 82.80 70.29 75.42 55.63 70.08 66.95 54.49 46.65 44.54 49.98 56.11 67.95 69.51 89.18 88.37
Medtronic PLC 19.98 19.69 18.94 19.27 21.20 19.53 17.99 19.55 20.48 25.40 27.20 38.83 37.44 49.88 42.55 35.86 26.29 21.01 23.52 22.21
UnitedHealth Group Inc. 13.27 15.94 16.11 14.49 14.20 15.63 15.33 15.41 15.89 18.75 19.96 19.69 18.77 19.63 19.05 16.12 14.12

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Data adjusted for splits and stock dividends.

2 Q4 2024 Calculation
Operating profit per share = (Operating earningsQ4 2024 + Operating earningsQ3 2024 + Operating earningsQ2 2024 + Operating earningsQ1 2024) ÷ No. shares of common stock outstanding
= (1,911,000,000 + 1,859,000,000 + 1,669,000,000 + 1,386,000,000) ÷ 1,734,323,411 = 3.94

3 Closing price as at the filing date of Abbott Laboratories Quarterly or Annual Report.

4 Q4 2024 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 134.92 ÷ 3.94 = 34.28

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Abbott Laboratories P/OP ratio increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Price to Sales (P/S)

Abbott Laboratories, historical P/S calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
No. shares of common stock outstanding1 1,734,323,411 1,734,455,213 1,739,897,004 1,739,633,759 1,735,184,289 1,736,058,536 1,735,357,980 1,738,946,799 1,737,946,233 1,743,573,777 1,751,219,743 1,750,942,289 1,763,482,267 1,768,286,969 1,772,817,349 1,776,820,148 1,771,529,358 1,772,361,581 1,770,529,999 1,768,845,326
Selected Financial Data (US$)
Net sales (in millions) 10,974 10,635 10,377 9,964 10,241 10,143 9,978 9,747 10,091 10,410 11,257 11,895 11,468 10,928 10,223 10,456 10,701 8,853 7,328 7,726
Sales per share2 24.19 23.76 23.41 23.18 23.12 23.02 23.18 23.87 25.12 25.83 26.01 25.42 24.43 23.93 22.69 21.01 19.54 0.00 0.00 0.00
Share price1, 3 134.92 113.37 105.94 105.92 114.01 95.01 107.54 110.86 106.74 99.31 108.64 112.43 116.79 128.70 121.57 118.51 123.04 111.53 102.52 92.28
Valuation Ratio
P/S ratio4 5.58 4.77 4.53 4.57 4.93 4.13 4.64 4.64 4.25 3.85 4.18 4.42 4.78 5.38 5.36 5.64 6.30
Benchmarks
P/S Ratio, Competitors5
CVS Health Corp. 0.22 0.21 0.20 0.20 0.27 0.26 0.29 0.27 0.36 0.40 0.43 0.44 0.47 0.45 0.39 0.40 0.35
Elevance Health Inc. 0.51 0.60 0.71 0.72 0.70 0.66 0.66 0.68 0.74 0.77 0.75 0.89 0.81 0.78 0.73 0.76 0.60
Intuitive Surgical Inc. 24.42 23.60 21.35 17.76 18.71 13.72 17.06 16.21 13.81 12.62 12.69 15.34 17.89 22.12 21.73 23.19 21.29
Medtronic PLC 3.18 3.44 3.30 3.44 3.72 3.55 3.42 3.79 3.72 4.54 4.54 5.74 5.57 5.71 5.43 5.11 4.36 4.34 4.82 4.72
UnitedHealth Group Inc. 1.08 1.32 1.35 1.24 1.25 1.39 1.35 1.37 1.40 1.62 1.66 1.61 1.58 1.55 1.47 1.49 1.24

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Data adjusted for splits and stock dividends.

2 Q4 2024 Calculation
Sales per share = (Net salesQ4 2024 + Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024) ÷ No. shares of common stock outstanding
= (10,974,000,000 + 10,635,000,000 + 10,377,000,000 + 9,964,000,000) ÷ 1,734,323,411 = 24.19

3 Closing price as at the filing date of Abbott Laboratories Quarterly or Annual Report.

4 Q4 2024 Calculation
P/S ratio = Share price ÷ Sales per share
= 134.92 ÷ 24.19 = 5.58

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Abbott Laboratories P/S ratio increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Price to Book Value (P/BV)

Abbott Laboratories, historical P/BV calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
No. shares of common stock outstanding1 1,734,323,411 1,734,455,213 1,739,897,004 1,739,633,759 1,735,184,289 1,736,058,536 1,735,357,980 1,738,946,799 1,737,946,233 1,743,573,777 1,751,219,743 1,750,942,289 1,763,482,267 1,768,286,969 1,772,817,349 1,776,820,148 1,771,529,358 1,772,361,581 1,770,529,999 1,768,845,326
Selected Financial Data (US$)
Total Abbott shareholders’ investment (in millions) 47,664 39,796 39,318 38,810 38,603 37,481 37,174 37,010 36,686 35,675 36,490 35,399 35,802 34,422 33,800 33,562 32,784 31,386 30,578 30,218
Book value per share (BVPS)2 27.48 22.94 22.60 22.31 22.25 21.59 21.42 21.28 21.11 20.46 20.84 20.22 20.30 19.47 19.07 18.89 18.51 17.71 17.27 17.08
Share price1, 3 134.92 113.37 105.94 105.92 114.01 95.01 107.54 110.86 106.74 99.31 108.64 112.43 116.79 128.70 121.57 118.51 123.04 111.53 102.52 92.28
Valuation Ratio
P/BV ratio4 4.91 4.94 4.69 4.75 5.12 4.40 5.02 5.21 5.06 4.85 5.21 5.56 5.75 6.61 6.38 6.27 6.65 6.30 5.94 5.40
Benchmarks
P/BV Ratio, Competitors5
CVS Health Corp. 1.05 1.03 0.95 0.96 1.25 1.19 1.35 1.26 1.61 1.80 1.77 1.79 1.83 1.71 1.47 1.51 1.33 1.24 1.24 1.21
Elevance Health Inc. 2.15 2.35 2.86 3.01 3.02 2.87 2.86 2.90 3.19 3.24 3.08 3.55 3.07 2.88 2.67 2.78 2.19 2.10 2.06 2.23
Intuitive Surgical Inc. 12.41 11.91 10.99 9.31 10.01 7.49 9.57 9.29 7.78 6.71 6.29 7.48 8.59 10.64 10.35 10.40 9.53 9.35 9.19 7.22
Medtronic PLC 2.05 2.15 2.05 2.12 2.26 2.12 2.03 2.23 2.24 2.75 2.77 3.52 3.26 3.14 3.02 2.84 2.48 2.60 2.94 2.87
UnitedHealth Group Inc. 4.63 5.43 5.77 5.38 5.18 5.84 5.68 5.60 5.81 6.80 6.94 6.54 6.27 6.13 5.76 5.86 4.83 4.54 4.53 4.81

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Data adjusted for splits and stock dividends.

2 Q4 2024 Calculation
BVPS = Total Abbott shareholders’ investment ÷ No. shares of common stock outstanding
= 47,664,000,000 ÷ 1,734,323,411 = 27.48

3 Closing price as at the filing date of Abbott Laboratories Quarterly or Annual Report.

4 Q4 2024 Calculation
P/BV ratio = Share price ÷ BVPS
= 134.92 ÷ 27.48 = 4.91

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Abbott Laboratories P/BV ratio increased from Q2 2024 to Q3 2024 but then slightly decreased from Q3 2024 to Q4 2024.