AMGN
AMGEN
PE ratio, current and historical analysis
- Stocks
- Healthcare
- NASDAQ: AMGN
- PE Ratio
The current PE ratio for AMGEN stock as of Jul 30, 2026 is 26.77. This is calculated based on the current EPS of $14.48 and the stock price of $387.64 per share. The P/E ratio has grown by 17% from the past four quarters average of 22.9.
AMGN PE ratio history
The average historical PE ratio of AMGEN for the last ten years is 25.28. The current PE ratio of 26.77 is 6% 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 | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 22.84 | -33.22% | $327.31 | $14.33 |
| 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 |
AMGEN PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 24.3 | 6.39% | $351.85 | $14.48 |
| Dec 2025 | 22.84 | 5.45% | $327.31 | $14.33 |
| Sep 2025 | 21.66 | -4.41% | $282.2 | $13.03 |
| Jun 2025 | 22.66 | -19.62% | $279.21 | $12.32 |
| Mar 2025 | 28.19 | -17.57% | $311.55 | $11.05 |
| 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 |
AMGN Price vs fair value
AMGN average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
AMGN's current P/E ratio is above the 5 and 10-year historical averages, but it is below the 3-year average.
PE comparison
With a P/E of 26.77, AMGN is above the Healthcare sector and the industry average but below its peers average. But compared to its Healthcare sector average of 26.12, AMGEN's P/E is only 2.5% higher.
AMGN PE vs peers
AMGN's PE ratio is lower than its peer stocks LLY and JNJ, but it is greater than GILD's and PFE's. AMGEN is presently trading at a lower PE ratio (26.77) than its peer group average of 29.12.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BMY Bristol-Myers Squibb Company | 14.21 | $132.06B |
| GILD Gilead Sciences Inc | 17.53 | $161.47B |
| PFE Pfizer Inc | 19.07 | $142.4B |
| AMGN AMGEN Inc | 26.47 | $206.83B |
| JNJ Johnson & Johnson | 29.55 | $621.63B |
| ABT Abbott Laboratories | 33.89 | $181.8B |
| ILMN Illumina Inc | 35.35 | $29.52B |
| BIIB Biogen Inc | 35.96 | $30.18B |
| LLY Lilly(Eli) & Company | 40.55 | $1.08T |
| ABBV Abbvie Inc | 125.22 | $449.11B |
Frequently asked questions
What is AMGEN's PE ratio?
AMGN's price to earnings ratio is 26.77 as of Jul 30, 2026.
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 30.04.
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 25.74.
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 6% 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 (Jul 30, 2026), AMGEN's stock price is $387.64. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $14.48. Therefore, AMGEN's P/E ratio for today is 26.77. PE RATIO(26.77) = STOCK PRICE($387.64) / TTM EPS($14.48)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.