AMGN Amgen PE ratio, current and historical analysis

The current PE ratio for Amgen stock as of Apr 1, 2025 is 40.28. This is calculated based on the current EPS of $7.62 and the stock price of $306.92 per share. The P/E ratio has a decrease of 4.6% from the past four quarters average of 42.2.

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 24.4. The current PE ratio of 40.28 is 65% 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.

Today
40.28
Average
24.4
Median
18.99
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 PE change Price EPS
2024 34.2 49.15% $260.64 $7.62
2023 22.93 6.35% $288.02 $12.56
2022 21.56 -0.92% $262.64 $12.18
2021 21.76 17.37% $224.97 $10.34
2020 18.54 -0.32% $229.92 $12.4
2019 18.6 21.33% $241.07 $12.96
2018 15.33 -76.11% $194.67 $12.7
2017 64.17 352.86% $173.9 $2.71
2016 14.17 -20.12% $146.21 $10.32
2015 17.74 -24.29% $162.33 $9.15
2014 23.43 38.64% $159.29 $6.8
2013 16.9 9.95% $114.08 $6.75
2012 15.37 -2.6% $86.2 $5.61
2011 15.78 38.54% $64.21 $4.07
2010 11.39 -8.81% $54.9 $4.82

Amgen PE ratio by quarter (TTM)

Year PE ratio PE change Price EPS
Dec 2024 34.2 -16.26% $260.64 $7.62
Sep 2024 40.84 -23.53% $322.21 $7.89
Jun 2024 53.41 32.24% $312.45 $5.85
Mar 2024 40.39 76.14% $284.32 $7.04
Dec 2023 22.93 20.75% $288.02 $12.56
Sep 2023 18.99 27.71% $268.76 $14.15
Jun 2023 14.87 -8.88% $222.02 $14.93
Mar 2023 16.32 -24.3% $241.75 $14.81
Dec 2022 21.56 19.78% $262.64 $12.18
Sep 2022 18 -12.49% $225.4 $12.52
Jun 2022 20.57 -13.39% $243.3 $11.83
Mar 2022 23.75 9.15% $241.82 $10.18
Dec 2021 21.76 -0.05% $224.97 $10.34
Sep 2021 21.77 -11.58% $212.65 $9.77
Jun 2021 24.62 20.33% $243.75 $9.9

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
27.46
5-year avg
24.87
10-year avg
24.4
15-year avg
21.55

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 (40.28) than its peer group average of 37.82.

Stock name PE ratio Market cap
BIIB Biogen Inc 11.78 $19.33B
ABT Abbott Laboratories 17.17 $228.39B
PFE Pfizer Inc 17.28 $139.08B
JNJ Johnson & Johnson 26.24 $368.97B
AMGN Amgen Inc 40.28 $164.88B
LLY ELI LILLY & Co 68.47 $763.49B
ABBV AbbVie Inc 85.95 $364.14B
GILD Gilead Sciences Inc 292.84 $138.58B
BMY Bristol Myers Squibb Co N/A $120.85B
ILMN Illumina Inc N/A $12.42B

Frequently asked questions

What is Amgen's PE ratio?

AMGN's price to earnings ratio is 40.28 as of Apr 1, 2025.

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 27.46.

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 24.87.

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 65% 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 (Apr 1, 2025), Amgen's stock price is $306.92. The earnings per share for the trailing twelve months (TTM) ending Dec 2024 is $7.62. Therefore, Amgen's P/E ratio for today is 40.28. PE RATIO(40.28) = STOCK PRICE($306.92) / TTM EPS($7.62)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from and Sharadar.