Stock price blurs the picture with this one. For various reason but mainly related to for losing exclusivity to generic drugs, Abbvie. I however believe that decline in stock price is unjustified at this magnitude. This is the earnings growth picture.
Nice right?
Now let's overlay stock price over it with FastGraphs.
P/E 8.2, is quite low as EPS growth estimates still are positive. Lowe but positive. The orange live marks P/E 15 which is considered fair value for most stocks.
Keep on investing!
Posted from my blog with SteemPress : https://more-dividends.com/abbvie-abbv-stock-price-blurs-the-bigger-picture/
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