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) P/B ratio

As of 25 September 2026, Amgen Inc. (AMGN) trades at a P/B ratio of 19.2×. Over the past ten years it has ranged from 3.3× (November 2016) to 154× (May 2022); the current reading is higher than 66% of that period. That is above the Drug Manufacturers General industry median of 5.0× and above the Healthcare sector median of 2.5×.

P/B ratio, daily

Annual

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

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

Against its own ten years

Low 3.3× High 154×
Ten-year median 14.2×
Current reading's percentile 66

P/B ratio against peers

Company P/B ratio
ABBV AbbVie Inc. compare n/m
PFE Pfizer Inc. compare 1.9×
NVO Novo Nordisk A/S compare 5.0×
AZN AstraZeneca PLC compare 5.1×
BMY Bristol Myers Squibb Company compare 5.8×
NVS Novartis AG compare 6.6×
MRK Merck & Co., Inc. compare 8.8×
GILD Gilead Sciences, Inc. compare 16.0×
AMGN Amgen Inc. 19.2×
Drug Manufacturers General industry median 5.0×
Healthcare sector median 2.5×
Market median 1.8×

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))

The full definition of P/B ratio →

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