In the current market session, Abbott Laboratories Inc. (NYSE:ABT) stock price is at $116.19, after a 0.68% decrease. However, over the past month, the company’s stock increased by 2.51%, and in the past year, by 24.17%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. Abbott Laboratories P/E Ratio Analysis in Relation to Industry PeersThe P/E ratio measures the current share price to the company’s EPS. It is used by long-term investors to analyze the company’s current performance against it’s p…