Amgen Inc. AMGN
414.61
8.57
2.11%
as of 25 Sep
- Market cap
- $219.1B
- P/E
- 25.6×
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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 | Free account |
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))
More on AMGN
- Revenue
- Net income
- 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
- 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
- The full statement