US · USD

AMGN

Amgen Inc

$410.61-3.08% (-$13.03)
Day's range
$420.63 – $426.59
Day's volume
$1.2B
52-week range
$282.30 – $444.12

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AMGN in numbers

Market cap
$227.9B
P/E
25.39
P/B
18.99
Dividend yield (12m)
2.42%
Net debt/EBITDA
3.07

The 12-month dividend yield of AMGN is 2.42%, below its 5-year average of 3.08%.

AMGN price history

10/01/202510/01/2026
Compare with

AMGN risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+45.16%+80.35%+137.94%
Volatility (annualized)28.99%24.98%24.90%
Largest drawdown-12.58%-21.30%-21.54%
Positive months7/1220/3633/60

How much did investing in AMGN return?

$1,000.00 invested on 10/01/2021 would be worth $2,317.86 today.

Value today in AMGN
$2,317.86
Return over the period
+131.79%
Return per year
+18.31%
In the S&P 500
$1,658.80

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

AMGN fundamentals

Valuation

  • P/E
    25.39
  • P/B
    18.99
  • EV/EBITDA
    19.20
  • EV/EBIT
    23.74
  • EV/Revenue
    7.12
  • P/EBIT
    19.94
  • P/S
    5.98
  • P/OCF
    18.26
  • P/FCF
    22.40
  • Earnings yield
    4.21%
  • PEG ratio
    —
  • Earnings per share
    $16.17
  • Book value per share
    $21.62

Debt

  • Net debt
    $43.3B
  • Net debt/EBITDA
    3.07
  • Net debt/Equity
    3.71
  • Debt/Equity
    4.90
  • Current ratio
    1.37
  • Quick ratio
    1.13
  • Cash ratio
    0.55

Efficiency

  • Gross margin
    69.52%
  • EBITDA margin
    37.09%
  • Operating margin
    29.99%
  • Net margin
    22.95%
  • Asset turnover
    0.40

Profitability

  • ROE
    74.80%
  • ROA
    9.14%
  • ROIC
    17.66%
  • Payout
    61.46%

Growth

  • Revenue CAGR (5 years)
    8.37%
  • Earnings CAGR (5 years)
    8.76%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is AMGN's fair price?

Two classic value formulas, with today's numbers. The current price is $410.61.

Graham's fair price
$88.69
78.40% below the price

√(22.50 × $16.17 × $21.62)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
$139.47
66.03% below the price

$8.37 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

AMGN's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator20252024202320222021202020192018
P/E22.8834.2322.9821.4021.2718.2818.1314.43
P/B20.3823.8224.7738.3118.7014.1114.709.69
EV/EBITDA15.5814.6417.3813.2113.6512.5213.9812.13
Dividend yield2.91%3.45%2.96%2.95%3.13%2.78%2.41%2.71%
Earnings per share$14.30$7.61$12.53$12.27$10.58$12.58$13.30$13.49
Book value per share$16.06$10.94$11.63$6.86$12.03$16.29$16.40$20.09
ROE89.06%69.59%107.78%178.97%87.96%77.20%81.07%67.15%
ROIC14.41%11.93%11.27%24.39%20.98%22.59%24.75%22.86%
Gross margin67.25%61.53%70.02%75.66%75.16%75.77%81.35%82.73%
EBITDA margin38.77%38.45%42.45%49.32%42.48%50.11%50.85%51.41%
Net margin20.98%12.24%23.83%24.89%22.68%28.57%33.57%35.35%
Net debt/EBITDA3.193.754.482.412.292.102.012.21

AMGN's financial statements

Line202520242023202220212020
Net revenue$36.8B$33.4B$28.2B$26.3B$26B$25.4B
Cost of revenue-$12B-$12.9B-$8.5B-$6.4B-$6.5B-$6.2B
Gross profit$24.7B$20.6B$19.7B$19.9B$19.5B$19.3B
EBITDA$14.2B$12.9B$12B$13B$11B$12.7B
EBIT$9.1B$7.3B$7.9B$9.6B$7.6B$9.1B
Financial result$2.7B$506M$2.8B-$814M$259M$256M
Income before tax$9B$4.6B$7.9B$7.3B$6.7B$8.1B
Income tax-$1.3B-$519M-$1.1B-$794M-$808M-$869M
Net income$7.7B$4.1B$6.7B$6.6B$5.9B$7.3B

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does AMGN pay dividends?

Dividend yield per year

  • 2.65%2017
  • 2.71%2018
  • 2.41%2019
  • 2.78%2020
  • 3.13%2021
  • 2.95%2022
  • 2.96%2023
  • 3.45%2024
  • 2.91%2025
  • 1.79%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend08/20/202609/11/2026$2.52
Dividend05/14/202606/05/2026$2.52
Dividend02/12/202603/06/2026$2.52
Dividend11/20/202512/12/2025$2.38
Dividend08/21/202509/12/2025$2.38
Dividend05/15/202506/06/2025$2.38
Dividend02/13/202503/07/2025$2.38
Dividend11/15/202412/09/2024$2.25
Dividend08/15/202409/06/2024$2.25
Dividend05/15/202406/07/2024$2.25
Dividend02/14/202403/07/2024$2.25
Dividend11/15/202312/08/2023$2.13
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend08/16/202309/08/2023$2.13
Dividend05/16/202306/08/2023$2.13
Dividend02/13/202303/08/2023$2.13
Dividend11/15/202212/08/2022$1.94
Dividend08/16/202209/08/2022$1.94
Dividend05/13/202206/08/2022$1.94
Dividend02/11/202203/08/2022$1.94
Dividend11/12/202112/08/2021$1.76
Dividend08/13/202109/08/2021$1.76
Dividend05/13/202106/08/2021$1.76
Dividend02/11/202103/08/2021$1.76
Dividend11/12/202012/08/2020$1.60
Dividend08/13/202009/08/2020$1.60
Dividend05/14/202006/08/2020$1.60
Dividend02/12/202003/06/2020$1.60
Dividend11/13/201912/06/2019$1.45
Dividend08/13/201909/06/2019$1.45
Dividend05/15/201906/07/2019$1.45
Dividend02/13/201903/08/2019$1.45
Dividend11/14/201812/07/2018$1.32
Dividend08/15/201809/07/2018$1.32
Dividend05/15/201806/08/2018$1.32
Dividend02/13/201803/08/2018$1.32
Dividend11/15/201712/08/2017$1.15
Dividend08/14/201709/08/2017$1.15
Dividend05/12/201706/08/2017$1.15
Dividend02/10/201703/08/2017$1.15
Dividend11/11/201612/08/2016$1.00

About Amgen

Sector
Manufacturing

Questions about AMGN

How much is AMGN today?

AMGN is at $410.61 (-3.08% on the day), last traded on 10/01/2026.

How much did AMGN pay in dividends in 2025?

AMGN paid $9.52 per share in 2025, a dividend yield of 2.91%.

What are the P/E and P/B of AMGN?

AMGN trades at a P/E of 25.39 and a P/B of 18.99.

How much did AMGN return in 12 months?

AMGN returned 45.16% in 12 months, with annualized volatility of 28.99% and a largest drawdown of -12.58%.