Amgen Inc. AMGN

414.61 8.57 2.11% as of 25 Sep
Market cap
$219.1B
P/E
25.6×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Amgen Inc. (AMGN) EV/EBITDA

As of 25 September 2026, Amgen Inc. (AMGN) trades at a EV/EBITDA of 16.2×. Over the past ten years it has ranged from 8.6× (November 2016) to 19.2× (September 2024); the current reading is higher than 92% of that period. That is above the Drug Manufacturers General industry median of 13.9× and above the Healthcare sector median of 10.4×.

EV/EBITDA, daily

Annual

Period EV/EBITDA Change
FY2025 14.3× (0.79%)
FY2024 14.5× (12.89%)
FY2023 16.6× 26.46%
FY2022 13.1× (5.63%)
FY2021 13.9× 12.81%
FY2020 12.3× (12.21%)
FY2019 14.0× 28.63%
FY2018 10.9× 5.84%
FY2017 10.3× 12.35%
FY2016 9.2× (21.09%)

Quarterly

Period EV/EBITDA Change
Jun 2026 14.5× (2.35%)
Mar 2026 14.8× 3.40%
Dec 2025 14.3× 11.66%
Sep 2025 12.8× (5.44%)
42 more quarters

Against its own ten years

Low 8.6× High 19.2×
Ten-year median 12.9×
Current reading's percentile 92

EV/EBITDA against peers

Company EV/EBITDA
NVO Novo Nordisk A/S compare 7.0×
PFE Pfizer Inc. compare 10.5×
BMY Bristol Myers Squibb Company compare 10.6×
AZN AstraZeneca PLC compare 13.9×
NVS Novartis AG compare 14.0×
AMGN Amgen Inc. 16.2×
ABBV AbbVie Inc. compare 20.8×
MRK Merck & Co., Inc. compare 30.0×
GILD Gilead Sciences, Inc. compare 804×
Drug Manufacturers General industry median 13.9×
Healthcare sector median 10.4×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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