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Bristol-Myers Squibb (BMY, Pharmaceuticals) Stock Valuation & Fair Value Mixed on our tests

Bristol-Myers Squibb (BMY, Pharmaceuticals) trades at a blended P/E of 9.0, about 48% below its historical normal valuation, with a forward growth estimate of -7.0%. Analysts' one-year estimates have been hit 45% of the time. Priced at its historical normal P/E of 17.4 on the same blended earnings, the 2026-10-02 close of $61.15 corresponds to about $117 a share. This is a valuation reference, not a price target.

Blended P/E
9.0
Normal P/E
17.4
PEG
—
Fwd growth
-7.0%
Div yield
4.1%
RSI (14)
37.7
Neutral
Technical context
  • Price $59.58 at the 2026-10-08 close, 3.2% below the 20-day average ($61.56) and 6.4% below the 50-day ($63.64).
  • RSI (14) at 37.7.
  • 52-week range $40.79 to $67.39: the price is 11.6% below the high and 46.1% above the low.

The Street vs SeerForecast

Wall Street's mean price target for BMY is $66.71 across 24 analysts, 12.0% above the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: mixed on our tests. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating has been mixed on our tests since 2026-06-10.

Blended P/E and rating by weekBlended P/E moved from 9.2 to 9.0 between 2026-06-10 and 2026-10-02, against a normal P/E of 17.4, with 4 rating changes over 36 recorded weeks.2026-06-10: P/E 9.2, Mixed on our tests, recalculated for the week of 2026-06-102026-06-12: P/E 9.2, Mixed on our tests, recalculated for the week of 2026-06-142026-06-16: P/E 9.2, Mixed on our tests, recalculated for the week of 2026-06-162026-06-18: P/E 9.2, Mixed on our tests, recalculated for the week of 2026-06-212026-07-02: P/E 9.1, Mixed on our tests, recalculated for the week of 2026-07-022026-07-06: P/E 9.3, Favorable on our tests, recalculated for the week of 2026-07-062026-07-09: P/E 9.3, Favorable on our tests, recalculated for the week of 2026-07-092026-07-10: P/E 9.2, Mixed on our tests, recalculated for the week of 2026-07-122026-07-13: P/E 9.2, Mixed on our tests, recalculated for the week of 2026-07-132026-07-14: P/E 9.2, Mixed on our tests, recalculated for the week of 2026-07-142026-07-20: P/E 9.7, Mixed on our tests, recalculated for the week of 2026-07-202026-07-22: P/E 9.7, Mixed on our tests, recalculated for the week of 2026-07-222026-07-24: P/E 9.9, Mixed on our tests, recalculated for the week of 2026-07-252026-07-27: P/E 9.9, Mixed on our tests, recalculated for the week of 2026-07-272026-07-31: P/E 9.9, Favorable on our tests, recalculated for the week of 2026-07-312026-07-31: P/E 9.9, Favorable on our tests, recorded live 2026-08-032026-08-07: P/E 9.7, Mixed on our tests, recalculated for the week of 2026-08-072026-08-07: P/E 9.8, Mixed on our tests, recorded live 2026-08-102026-08-14: P/E 9.7, Mixed on our tests, recalculated for the week of 2026-08-142026-08-14: P/E 9.6, Mixed on our tests, recorded live 2026-08-172026-08-21: P/E 9.8, Mixed on our tests, recalculated for the week of 2026-08-212026-08-21: P/E 10.1, Mixed on our tests, recorded live 2026-08-242026-08-27: P/E 10.1, Mixed on our tests, recalculated for the week of 2026-08-272026-08-28: P/E 10.0, Mixed on our tests, recalculated for the week of 2026-08-282026-08-28: P/E 10.0, Mixed on our tests, recalculated for the week of 2026-08-302026-08-28: P/E 10.0, Mixed on our tests, recorded live 2026-08-312026-09-04: P/E 10.0, Mixed on our tests, recalculated for the week of 2026-09-052026-09-04: P/E 10.0, Mixed on our tests, recorded live 2026-09-072026-09-11: P/E 9.5, Mixed on our tests, recalculated for the week of 2026-09-122026-09-11: P/E 9.5, Mixed on our tests, recorded live 2026-09-142026-09-18: P/E 9.4, Mixed on our tests, recalculated for the week of 2026-09-192026-09-18: P/E 9.4, Mixed on our tests, recorded live 2026-09-212026-09-25: P/E 9.3, Mixed on our tests, recalculated for the week of 2026-09-262026-09-25: P/E 9.3, Mixed on our tests, recorded live 2026-09-282026-10-02: P/E 9.0, Mixed on our tests, recalculated for the week of 2026-10-032026-10-02: P/E 9.0, Mixed on our tests, recorded live 2026-10-0510.012.515.0Jun 10Jul 8Aug 6Sep 4Oct 2Normal P/E 17.4
Favorable on our testsMixed on our tests

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekBlended P/EPremium to normal P/ERating
2026-06-10P/E 9.2-47%Mixed on our tests (recalculated)
2026-07-06P/E 9.3-46%Favorable on our tests (recalculated)
2026-07-12P/E 9.2-47%Mixed on our tests (recalculated)
2026-07-31P/E 9.9-43%Favorable on our tests (recalculated)
2026-08-07P/E 9.7-44%Mixed on our tests (recalculated)
2026-08-24P/E 10.1-42%Mixed on our tests
2026-10-03P/E 9.0-48%Mixed on our tests (recalculated)
2026-10-05P/E 9.0-48%Mixed on our tests ← now
Show all 36 weeks
WeekBlended P/EPremium to normal P/ERating
2026-06-10P/E 9.2-47%Mixed on our tests (recalculated)
2026-06-14P/E 9.2-47%Mixed on our tests (recalculated)
2026-06-16P/E 9.2-47%Mixed on our tests (recalculated)
2026-06-21P/E 9.2-47%Mixed on our tests (recalculated)
2026-07-02P/E 9.1-48%Mixed on our tests (recalculated)
2026-07-06P/E 9.3-46%Favorable on our tests (recalculated)
2026-07-09P/E 9.3-46%Favorable on our tests (recalculated)
2026-07-12P/E 9.2-47%Mixed on our tests (recalculated)
2026-07-13P/E 9.2-47%Mixed on our tests (recalculated)
2026-07-14P/E 9.2-47%Mixed on our tests (recalculated)
2026-07-20P/E 9.7-44%Mixed on our tests (recalculated)
2026-07-22P/E 9.7-44%Mixed on our tests (recalculated)
2026-07-25P/E 9.9-43%Mixed on our tests (recalculated)
2026-07-27P/E 9.9-43%Mixed on our tests (recalculated)
2026-07-31P/E 9.9-43%Favorable on our tests (recalculated)
2026-08-03P/E 9.9-43%Favorable on our tests
2026-08-07P/E 9.7-44%Mixed on our tests (recalculated)
2026-08-10P/E 9.8-44%Mixed on our tests
2026-08-14P/E 9.7-44%Mixed on our tests (recalculated)
2026-08-17P/E 9.6-45%Mixed on our tests
2026-08-21P/E 9.8-43%Mixed on our tests (recalculated)
2026-08-24P/E 10.1-42%Mixed on our tests
2026-08-27P/E 10.1-42%Mixed on our tests (recalculated)
2026-08-28P/E 10.0-42%Mixed on our tests (recalculated)
2026-08-30P/E 10.0-43%Mixed on our tests (recalculated)
2026-08-31P/E 10.0-43%Mixed on our tests
2026-09-05P/E 10.0-43%Mixed on our tests (recalculated)
2026-09-07P/E 10.0-43%Mixed on our tests
2026-09-12P/E 9.5-45%Mixed on our tests (recalculated)
2026-09-14P/E 9.5-45%Mixed on our tests
2026-09-19P/E 9.4-46%Mixed on our tests (recalculated)
2026-09-21P/E 9.4-46%Mixed on our tests
2026-09-26P/E 9.3-46%Mixed on our tests (recalculated)
2026-09-28P/E 9.3-46%Mixed on our tests
2026-10-03P/E 9.0-48%Mixed on our tests (recalculated)
2026-10-05P/E 9.0-48%Mixed on our tests ← now

Frequently asked questions

Is Bristol-Myers Squibb stock overvalued?

At a blended P/E of 9.0 versus its historical normal P/E of 17.4, Bristol-Myers Squibb trades about 48% below its typical valuation. tickerseer currently rates it mixed on our tests.

What is Bristol-Myers Squibb's fair value and PEG?

Bristol-Myers Squibb trades at a blended P/E of 9.0 against a historical normal P/E of 17.4, a forward growth estimate of -7.0%. Priced at its historical normal P/E of 17.4 on the same blended earnings, the 2026-10-02 close of $61.15 corresponds to about $117 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Bristol-Myers Squibb changed?

tickerseer's rating has been mixed on our tests since 2026-06-10.

What is the analyst price target for Bristol-Myers Squibb?

The mean Wall Street price target for Bristol-Myers Squibb is $66.71 across 24 analysts, 12.0% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Pharmaceuticals. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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