AMGN currently shows a PEG ratio reading of 0.81 as of Nov 11, 2026. Dividing the 26.93 PE ratio by the 33.4% earnings growth rate produces this figure. When benchmarked against the trailing 4-quarter average of 0.62, AMGN's PEG ratio reflects a 31% increase.
A ten years lookback reveals an average PEG ratio of 1.64 for AMGEN. Compared to historical data, AMGN's 0.81 PEG ratio represents a decrease of 51%. The ten years high came in the Dec 2019 quarter at 9.3, reflecting peak valuation relative to growth. The bottom was reached in the Dec 2018 quarter at 0.04, suggesting favorable value relative to growth during that period.
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 0.26 | 22.84 | 88.1% |
| 2024 | N/A | 34.2 | -39.3% |
| 2023 | 7.4 | 22.93 | 3.1% |
| 2022 | 1.21 | 21.56 | 17.8% |
| 2021 | N/A | 21.76 | -16.6% |
| 2020 | N/A | 18.54 | -4.3% |
| 2019 | 9.3 | 18.6 | 2% |
| 2018 | 0.04 | 15.33 | 368.6% |
| 2017 | N/A | 64.17 | -73.7% |
| 2016 | 1.11 | 14.17 | 12.8% |
| 2015 | 0.51 | 17.74 | 34.6% |
| 2014 | 33.47 | 23.43 | 0.7% |
| 2013 | 0.83 | 16.9 | 20.3% |
| 2012 | 0.41 | 15.37 | 37.8% |
| 2011 | N/A | 15.78 | -15.6% |
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Sep 2026 | 0.73 | 24.25 | 33.4% |
| Jun 2026 | 0.7 | 22.33 | 31.7% |
| Mar 2026 | 0.78 | 24.3 | 31% |
| Dec 2025 | 0.26 | 22.84 | 88.1% |
| Sep 2025 | 0.33 | 21.66 | 65.1% |
| Jun 2025 | 0.2 | 22.66 | 110.6% |
| Mar 2025 | 0.49 | 28.19 | 57% |
| Dec 2024 | N/A | 34.2 | -39.3% |
| Sep 2024 | N/A | 40.84 | -44.2% |
| Jun 2024 | N/A | 53.41 | -60.8% |
| Mar 2024 | N/A | 40.39 | -52.5% |
| Dec 2023 | 7.4 | 22.93 | 3.1% |
| Sep 2023 | 1.46 | 18.99 | 13% |
| Jun 2023 | 0.57 | 14.87 | 26.2% |
| Mar 2023 | 0.36 | 16.32 | 45.5% |
Measured against past performance, AMGN's PEG ratio comes in under the 3, 5 and 10-year averages.
With a PEG of 0.81, AMGN ranks higher than the Healthcare sector, the industry and its peers average. In comparison with the Healthcare sector average of 0.62, AMGEN's PEG is 31% higher.
Relative to its peers, AMGN's PEG ratio is below LLY's and ILMN's yet above ABBV's and BMY's. AMGEN's PEG ratio of 0.81 is above the peer average of 0.62.
AMGN has a PEG ratio of 0.81, per Nov 11, 2026 data.
Historical data over a 3-year period puts AMGN's average PEG ratio at 1.36.
Historical data over a 5-year period puts AMGN's average PEG ratio at 1.16.
The Dec 2019 quarter marked the ten years high at 9.3 for AMGN's PEG ratio.
Compared to the 10-year average, AMGN's PEG ratio sits 51% lower.
The PEG ratio derives from taking PE and dividing by the rate at which earnings are growing (YoY TTM). As of Nov 11, 2026, AMGEN carries a PE ratio of 26.93. Earnings grew at 33.4% over the TTM period ending Sep 2026. Applying the formula, this yields a PEG ratio of 0.81. PEG RATIO(0.81) = PE RATIO(26.93) / EPS GROWTH(33.4%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.