Stock Analysis on Net

Pfizer Inc. (NYSE:PFE)

$24.99

Price to Sales (P/S)
since 2005

Microsoft Excel

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Calculation

Pfizer Inc., P/S, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Pfizer Inc. Annual Report.


The price-to-sales (P/S) ratio, calculated from the provided share price and sales per share figures, exhibits considerable fluctuation over the observed period. Initial values are relatively high, followed by a significant decline, a period of moderate recovery, and then renewed volatility.

Initial Period (2006-2008)
The P/S ratio begins at 3.77 and generally decreases to 3.11 over the first three years. This suggests a potential cooling of investor enthusiasm relative to sales growth, or a possible increase in sales outpacing share price appreciation during this timeframe.
Significant Decline (2009)
A substantial drop is observed in 2009, with the P/S ratio falling to 1.72. This sharp decrease likely reflects broader economic conditions and potentially company-specific challenges impacting investor confidence. The decline in share price was more pronounced than the stability in sales per share.
Recovery and Stabilization (2010-2012)
From 2010 to 2012, the P/S ratio demonstrates a recovery, increasing from 2.83 to 2.37. While not returning to the levels seen prior to 2009, this period indicates a stabilization and some renewed investor interest. Sales per share increased during this period, contributing to the ratio’s increase.
Increased Volatility (2013-2015)
The P/S ratio experiences increased volatility between 2013 and 2015, ranging from 3.34 to 4.24 and then decreasing to 3.76. This suggests a period of fluctuating investor sentiment, potentially driven by specific company events or broader market dynamics. Both share price and sales per share contributed to these fluctuations.
Recent Trends (2016-2026)
From 2016 onwards, the P/S ratio continues to fluctuate. A peak of 4.42 is observed in 2021, followed by a significant decrease to 2.32 in 2023. The most recent values, 2.61, 2.32, and 2.46, suggest a period of relative stabilization at a lower level compared to the earlier part of the observed period. The large increase in sales per share in 2022 contributed to a temporary decrease in the P/S ratio, despite a decrease in share price.

Overall, the P/S ratio demonstrates a lack of consistent trend, indicating that investor valuation of sales has been subject to considerable change over the period. The ratio’s movements appear sensitive to both share price fluctuations and changes in sales per share, and potentially influenced by external economic factors.


Comparison to Competitors

Pfizer Inc., P/S, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Pharmaceuticals, Biotechnology & Life Sciences)

Pfizer Inc., P/S, long-term trends, comparison to sector (pharmaceuticals, biotechnology & life sciences)

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Health Care)