Pfizer Inc (PFE)
Official siteHEALTHCARE • DRUG MANUFACTURERS - GENERAL • NYSE
Market Cap: $162.21B
Last updated: Sep 01, 2026 at 5:00 PM ET
Earnings
Performance (10Y)
Upcoming Estimates
Dividends
Dividend Metrics
Growth
Key Metrics
Technical Indicators Dashboard
Moving Averages
MACD
ADX
Aroon & PSAR
Bollinger Bands
RSI (14-Day)
Momentum Oscillators
Volatility Measures
Volume Flow
Volume Metrics
Pivot Points
Advanced Oscillators
Financial Data
Related GNG Research
Pfizer: The 6.5% Yield Everyone Is Afraid To Trust
Last raise was Dec 12, 2024 to $0.43, Dec 2025 declared $0.43 - quarterly rate at $0.43 for six quarters, calendar 2026 pays $1.72 vs 2025, next governance test is the Dec 2026 declaration Dividend costs about $9.8bn annually, based on 5.7bn shares and $1.72 per share - evaluate coverage using free cash flow, not GAAP EPS, given recurring non‑cash impairments FCF has not covered the dividend recently - 2023 FCF $4.8bn vs dividends $9.3bn (193% payout), 2024 FCF $9.8bn vs $9.5bn (97%), 2025 FCF $9.1bn vs $9.8bn (108%); 2026 FCF range $11.9bn-30.1bn Patent cliff is material - products losing protection across 2026-27 represented $21.4bn of 2024 sales; Pfizer expects $17-18bn revenue erosion 2026-28, roughly one‑third of 2025 revenue ($62.6bn) Durable protections can change the trough - Vyndamax (tafamidis) settlement limits U.S. generic entry to June 1, 2031, preserving ~ $6.3bn of 2025 sales and suggesting the consensus 2029 earnings trough may be overstated
The Biggest Healthcare Disconnect In Decades - And The Stocks I’m Watching
Healthcare has hit a 26-year relative low, but weakness alone does not make the sector a buy. AI-led capital flows, patent cliffs, IRA pricing pressure, and GLP-1 disruption explain much of the selloff. I prefer selective exposure: picks-and-shovels, AI-driven platforms, and discounted turnarounds over broad healthcare ETFs. TMO, WST, LLY, ISRG, and PFE stand out as stocks to watch, each with different risk/reward profiles.
Pfizer: The 6% Yield Hiding Behind a Post-Pandemic Hangover
Pfizer trades at 9.6x forward earnings with 6.3% yield; non-COVID portfolio grew 6% operationally in 2025, but market still prices post-pandemic discount GAAP payout ratio of 98.8% is misleading; on adjusted EPS of $3.22, actual payout is 53%. The $4.4B Seagen impairment distorts GAAP picture Metsera obesity pipeline (Phase 2b: 12.3% weight loss, monthly dosing) is unpriced optionality at current multiples; ten Phase 3 trials launch 2026 Morningstar cut fair value from $34 to $32 post-Q4; Stock Rover FV $34.57. Blended upside of 13-16% before dividends in base case Quality Score 85/100, Piotroski 7, Beneish M-Score -2.38. ROIC-WACC spread positive at +190 bps. Balance sheet is not the risk here Five explicit risks quantified: GAAP payout tightness, $1.5B LOE headwind, negative revision momentum, Metsera execution risk, policy headwinds Conditional BUY for income/value accounts with staged sizing at 0.5-1.0%; trim at $33-36; invalidation on dividend cut or two sub-$0.65 adj EPS quarters
Volatility Is Not a Sell Signal: The Framework That Stops Panic Selling
A 15% vol stock can easily swing 35% up or down in a year; volatility measures dispersion, not ceiling on movement Short-term price moves are 95%+ noise: weekly expected return ~0.15% vs weekly vol of 3-5%. Signal-to-noise is terrible. The real question for income investors is not "why is it down" but "did the dividend engine change?" Five clean sell triggers: thesis break, dividend coverage decay, yield compression, position size breach, time stop failure If thesis intact and coverage stable, a 10% drawdown improves your yield-on-cost opportunity rather than signaling danger Drawdowns within 1-2 sigma of volatility are weather, not diagnosis; do not turn normal statistical outcomes into panic selling Most catastrophic decisions happen when positions are too large and drawdowns force emotional actions
Paid 4.7% to Wait: Why Sanofi Anchors My Defensive Sleeve
SNY offers 32% margin of safety to $63 BFV with 94 quality score, among highest in my tracked universe Beta of 0.27 makes SNY genuine defensive ballast vs AI/growth holdings (NVDA 2.09, GOOGL 1.16, META 1.51) 4.7% yield with 18% debt and 19.1x interest coverage, collecting income while waiting for valuation gap to close GNG and my Blended Fair Value (BFV) all cluster $63-69 vs $46.50 current price, creating asymmetric risk/reward setup Building toward 0.50% target weight alongside PFE (1.50%), BTI (1.50%), MO (1.00%) in defensive income sleeve (among others not mentioned) Technical support at $45.25, accumulating in $45-47 range, Q4 earnings Jan 29 may create volatility opportunity Pipeline transitions are real concern but priced too pessimistically: Piotroski 8/9, 72% gross margin, $3.74 FCF/share
Government Contracts
Top agency: Department of Defense at 100.0% of trailing twelve month obligations across 1 agencies
Recent Awards
Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.
News
Frequently Asked Questions About PFE
- What is PFE's current dividend yield?
- Pfizer Inc (PFE) has a current dividend yield of 6.04%.
- Does PFE pay dividends?
- Yes, Pfizer Inc pays dividends with a current yield of 6.04%.
- What is PFE's P/E ratio?
- Pfizer Inc has a price-to-earnings (P/E) ratio of 9.33.
- What is PFE's market cap?
- Pfizer Inc (PFE) has a market capitalization of $162.21B with a current stock price of $28.46.
Get full access to GNG Research
Create a free account to access portfolio tracking, advanced tools, and more.