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AMGN Amgen PE ratio, current and historical analysis

The current PE ratio for Amgen stock as of Jun 20, 2024 is 44.02. This is calculated based on the current EPS of $7.04 and the stock price of $309.89 per share. The P/E ratio has grown by 81% from the past four quarters average of 24.3.

AMGN PE ratio history

How has AMGN's PE ratio performed in the past

The average historical PE ratio of Amgen for the last ten years is 22.69. The current PE ratio of 44.02 is 94% above the historical average. Over the past ten years, AMGN's PE ratio was at its highest in the Dec 2017 quarter at 64.17, when the stock price was $173.9 and the EPS was $2.71. The lowest value was in the Dec 2016 quarter, when it reached 14.17 with a price of $146.21 and an EPS of $10.32.

Average
22.69
Median
18.8
Minimum
14.17
Maximum
64.17

Amgen PE ratio by year

Maximum annual increase: 352.86% in 2017

Maximum annual decrease: -76.11% in 2018

Year PE ratio Change
2023 22.93 6.35%
2022 21.56 -0.92%
2021 21.76 17.37%
2020 18.54 -0.32%
2019 18.6 21.33%
2018 15.33 -76.11%
2017 64.17 352.86%
2016 14.17 -20.12%
2015 17.74 -24.29%
2014 23.43 38.64%

AMGN average PE ratio chart

What is the average PE ratio of AMGN for the past years

AMGN's current P/E ratio is above the 3, 5 and 10-year historical averages.

3-year avg
22.13
5-year avg
20.38
10-year avg
22.69
15-year avg
19.9

AMGN PE vs peers

What is AMGN's PE ratio compared to its peers

AMGN's PE ratio is lower than its peer stocks LLY and ABBV, but it is greater than JNJ's and ABT's. Amgen is presently trading at a higher PE ratio (44.02) than its peer group average of 30.44.

Stock name PE ratio Market cap
JNJ Johnson & Johnson 9.68 $355.66B
BIIB Biogen Inc 28.02 $32.84B
ABT Abbott Laboratories 32.99 $185.39B
AMGN Amgen Inc 44.02 $166.24B
ABBV AbbVie Inc 51.08 $303.96B
LLY ELI LILLY & Co 129.91 $842.05B
GILD Gilead Sciences Inc 171.23 $85.33B
BMY Bristol Myers Squibb Co N/A $83.19B
PFE Pfizer Inc N/A $157.19B
ILMN Illumina Inc N/A $17.24B

Frequently asked questions

What is Amgen's PE ratio?

AMGN's price to earnings ratio is 44.02 as of Jun 20, 2024.

What is the 3-year average PE ratio for Amgen (AMGN)?

Over the last 3 years, the average price to earnings ratio for AMGN stock is 22.13.

What is the 5-year average PE ratio for Amgen (AMGN)?

Over the last 5 years, the average price to earnings ratio for AMGN stock is 20.38.

What is the highest PE ratio for AMGN?

In the last ten years, the Dec 2017 quarter recorded the highest quarterly PE ratio at 64.17.

How does the current PE ratio for AMGN compare to its historical average?

The current price to earnings ratio of AMGN is 94% higher than the 10-year historical average.

How is AMGN's PE ratio calculated (Amgen PE ratio formula)?

The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Jun 20, 2024), Amgen's stock price is $309.89. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $7.04. Therefore, Amgen's P/E ratio for today is 44.02. PE RATIO(44.02) = STOCK PRICE($309.89) / TTM EPS($7.04)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.