AMGN P/E Ratio Analysis
Higher than 31% of Healthcare sector peers
Updated 2981h ago·SEC filings & market data
Key Takeaway
The P/E ratio (price-to-earnings) of 24.7x means that investors are willing to pay $24.70 for every $1 of Amgen’s annual earnings, a standard measure of how expensive the stock is relative to its profit.
Sector Performance
31th percentileAMGN
24.7x
Sector Median
28.5x
Sector Avg
35.3x
Prior Period
24.9x(Apr 2026)
Deep Analysis
The P/E ratio (price-to-earnings) of 24.7x means that investors are willing to pay $24.70 for every $1 of Amgen’s annual earnings, a standard measure of how expensive the stock is relative to its profit.
Compared to its healthcare sector, Amgen trades below the sector median of 28.3x, placing it in the 31st percentile among its peers — indicating it is cheaper than most companies in the industry. The metric has been completely flat, with a year-over-year change of +0.0% and a quarter-over-quarter change of +0.0%, reflecting a stable trend over the last eight quarters where every value was exactly 24.7x. A stable P/E below the sector median suggests a lower valuation risk compared to peers, but the lack of movement offers no clear catalyst for upward re-rating. This combination — a discounted valuation with no momentum — supports the overall NEUTRAL verdict, as the stock is neither overpriced nor showing signs of improving sentiment.
Frequently Asked Questions
What does the P/E Ratio tell investors about AMGN?
Measures how much investors pay per dollar of earnings. A high P/E signals growth expectations; a low P/E may indicate undervaluation or slow growth.
How is the P/E Ratio calculated?
P/E Ratio is calculated as: Price / EPS.
How does AMGN's P/E Ratio compare to its sector?
AMGN's P/E Ratio of 24.7x compares to a Healthcare sector median of 28.5x, placing it in the 31th percentile.
Who are AMGN's closest peers by P/E Ratio?
The closest Healthcare peers by P/E Ratio include: ABT (28.5x), CCLD (28.3x), ALGN (29.1x), AZN (27.0x), CAH (32.8x).
Learn More About P/E Ratio
The Formula
Price / EPS
Why It Matters
Measures how much investors pay per dollar of earnings. A high P/E signals growth expectations; a low P/E may indicate undervaluation or slow growth.
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24.7x
Sector Median
28.5x
Sector Avg
35.3x
How AMGN's P/E Ratio compares to sector peers.
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