Amgen Inc.
AMGN Healthcare Drug Manufacturers General
Amgen Inc.’s revenue for fiscal 2025 (year ended December 2025) was $36.8 billion, up 9.95% from fiscal 2024. In the quarter to June 2026, revenue grew 9.53%, EPS grew 65.4%, free cash flow grew 82.6% and total debt rose 1.96%, each against the same quarter a year earlier. Member of the S&P 500, Nasdaq 100 and Dow Jones; dividend growth for ten consecutive years, revenue growth for five.
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Amgen Inc. (AMGN) P/B ratio
As of 16 October 2026, Amgen Inc. (AMGN) trades at a P/B ratio of 20.0×. Over the past ten years it has ranged from 3.3× (November 2016) to 154× (May 2022); the current reading is higher than 70% of that period. That is above the Drug Manufacturers General industry median of 5.0× and above the Healthcare sector median of 2.3×.
P/B ratio, daily
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Annual newest first
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 20.3× | (14.60%) |
| FY2024 | 23.8× | (6.72%) |
| FY2023 | 25.5× | (33.60%) |
| FY2022 | 38.5× | 100.90% |
| FY2021 | 19.1× | 33.66% |
| FY2020 | 14.3× | (5.03%) |
| FY2019 | 15.1× | 46.47% |
| FY2018 | 10.3× | 100.82% |
| FY2017 | 5.1× | 35.83% |
| FY2016 | 3.8× | (13.87%) |
Quarterly newest first
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 16.7× | (19.08%) |
| Mar 2026 | 20.7× | 1.65% |
| Dec 2025 | 20.3× | 28.86% |
| Sep 2025 | 15.8× | (21.95%) |
| 42 more quarters | Free account |
Against its own ten years
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| ABBV AbbVie Inc. compare | n/m |
| PFE Pfizer Inc. compare | 2.0× |
| NVO Novo Nordisk A/S compare | 5.0× |
| AZN AstraZeneca PLC compare | 5.1× |
| BMY Bristol Myers Squibb Company compare | 5.5× |
| NVS Novartis AG compare | 6.8× |
| MRK Merck & Co., Inc. compare | 8.6× |
| GILD Gilead Sciences, Inc. compare | 16.5× |
| AMGN Amgen Inc. | 20.0× |
| Drug Manufacturers General industry median | 5.0× |
| Healthcare sector median | 2.3× |
| Market median | 1.7× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
More on AMGN
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement