AMGNAmgen

$440.34

Is the price fair?

What AMGN's price assumes

Amgen trades at 27.4× earnings against 27.4× for the median Drug Manufacturers - General name, cheaper than its own group.

27.4

Trailing P/E · Drug Manufacturers - General median 27.4 · cheaper than the typical name in its group

Price / sales
5.10

Price / sales · as of 2026-Q1

Free cash flow yield
5.6%

Free cash flow yield · Drug Manufacturers - General median 5.8%

Growth the price implies
+4.2%

Growth the price implies · The price pays for +4.2% free cash flow growth a year for a decade; the business has delivered +1.7% a year over the last three.

Details
Price / book2026-Q1
20.7
EV / EBIT2026-Q1
22.3
EV / sales2026-Q1
6.32
Healthcare median P/E362 names
31.5
Drug Manufacturers - General median P/E16 names
27.4
Free cash flow, trailing twelve months
$10.2B
Market capitalisation
$182.2B
3-year revenue growth
+13%
3-year free cash flow growth
+1.7%
What the market has paid for these earnings: 38 quarters of its own multiple × $16.10 of trailing earnings per share
MethodPer share
Its own P/E history, lower quartile$259.14
Its own P/E history, median$308.67
Its own P/E history, upper quartile$433.22
52-week range$265.40 – $443.80
Today$440.34

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.