Amgen Inc. P/B Ratio
Data as of June 01, 2026
P/B Ratio
19.78
Stock Price
$336.79
Book Value/Share
$17.03
Sector
Healthcare
How It's Calculated
19.78 = $336.79 ÷ $17.03
What This Means
Amgen Inc.'s P/B ratio of 19.78 is significantly elevated, often seen in asset-light businesses like tech or services where intangible assets drive most of the value.
About Amgen Inc.
Amgen Inc. (AMGN) operates in the Healthcare sector, specifically in Drug Manufacturers - General. With a market capitalization of about $181.77B, it ranks as a large-cap stock — a major established company.
Shares recently traded near $336.79, within a 52-week range of $267.83 to $391.29 (-13.9% from the high, +25.7% from the low). Beta of 0.43 indicates relatively lower volatility versus the market.
Trailing profit margin is about 21.0%, signaling a solid profit margin for its industry.
Understanding This Metric
The price-to-book ratio compares market price to net asset value per share. For Amgen Inc., P/B is especially useful when earnings are volatile or temporarily depressed. In Healthcare, asset-heavy business models often anchor closer to book value, while asset-light models may trade far above book.
Sector Comparison
Among Healthcare names on our S&P 100 coverage, Amgen Inc.'s P/B ratio of 19.78 can be compared with peers such as LLY (31.65), JNJ (6.68), UNH (3.53). Sector context helps interpretation, but each company's growth profile and balance sheet differ — use multiple metrics before drawing conclusions. View all Healthcare stocks.
Key Takeaways
- AMGN is grouped in the Healthcare sector for peer comparisons.
- Recent beta of 0.43 suggests lower-than-market price sensitivity.
- Trailing profit margin of 21.0% provides context for how much earnings support the headline multiple.
Related Tools & Guides
Explore calculators and guides connected to this metric, or view all metrics for AMGN.
Other AMGN Metrics
Frequently Asked Questions
What does AMGN's price-to-book ratio indicate?
P/B compares share price to book value per share. Amgen Inc.'s P/B of 19.78 reflects how the market prices net assets — especially relevant for asset-heavy Healthcare business models.
Is 19.78 above or below book value?
A P/B above 1.0 (19.78) means the market values AMGN above accounting book value — often due to brands, growth, or intangible assets.
How does P/B compare within Healthcare?
Peer P/B levels in Healthcare (e.g. LLY (31.65), GILD (7.10), JNJ (6.68)) provide context; asset-light vs asset-heavy models differ materially.
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