Assessing AbbVie (ABBV) Valuation After Recent Share Price Softness And Lofty P/E Premium

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AbbVie (ABBV) has seen its share price soften recently, declining 10.55% year-to-date, despite strong longer-term returns. A popular valuation narrative suggests the company is 17.7% undervalued with a fair value of $249.14, driven by growth in its immunology portfolio. However, its high P/E ratio of 86.7x (compared to industry averages) indicates that future earnings growth might already be priced in, posing risks if execution falters.

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