AMGN Amgen PE ratio, current and historical analysis
The current PE ratio for Amgen stock as of Nov 21, 2024 is 36.74. This is calculated based on the current EPS of $7.89 and the stock price of $289.9 per share. The P/E ratio has a decrease of 7% from the past four quarters average of 39.4.
AMGN PE ratio history
The average historical PE ratio of Amgen for the last ten years is 24.05. The current PE ratio of 36.74 is 53% 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.
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
AMGN's current P/E ratio is above the 3, 5 and 10-year historical averages.
AMGN PE vs 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 lower PE ratio (36.74) than its peer group average of 41.49.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BIIB Biogen Inc | 14.22 | $23.03B |
| JNJ Johnson & Johnson | 25.79 | $374.39B |
| PFE Pfizer Inc | 33.07 | $142.41B |
| ABT Abbott Laboratories | 35.53 | $203.38B |
| AMGN Amgen Inc | 36.74 | $155.83B |
| ABBV AbbVie Inc | 59.63 | $303.47B |
| LLY ELI LILLY & Co | 80.72 | $711.91B |
| GILD Gilead Sciences Inc | 897.6 | $111.86B |
| BMY Bristol Myers Squibb Co | N/A | $118.1B |
| ILMN Illumina Inc | N/A | $21.73B |
Frequently asked questions
What is Amgen's PE ratio?
AMGN's price to earnings ratio is 36.74 as of Nov 21, 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 26.12.
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 23.63.
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 53% 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 (Nov 21, 2024), Amgen's stock price is $289.9. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $7.89. Therefore, Amgen's P/E ratio for today is 36.74. PE RATIO(36.74) = STOCK PRICE($289.9) / TTM EPS($7.89)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.