Fair Value Calculator Fair Value Calculator
EN DE

Amgen Inc (AMGN) Fair Value & Analysis

Healthcare · US · Market cap $187B

AI Amgen Inc logo Amgen Inc AMGN · US
Price$347.01
Fair Value$252.02
Upside-27.4%
Quality69/100
Watch Amgen Inc for free — get notified when fair value or trend changes. Watch for free
Evidence: High Range $138.86 – $339.52

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 8 days ago

Fair value updated Jun 24, 2026 — revised from $261.17 to $252.02 (−3.5%) since Jun 23, 2026. Share price +14.0% over the past month.

Price vs Fair Value (12 months)

$357.31 $246.15 Fair Value $252.02 Jul 2025 Jul 2026

12‑month range $246.15 – $357.31 · fair‑value band $138.86 – $339.52 · the $347.01 price screens above the $252.02 fair value. As of Jun 24, 2026.

✦ Which stocks are undervalued right now? Check free Discover now →

Analysis

Amgen Inc (AMGN) currently trades at $347.01, while our model-based Fair Value estimate is $252.02 — implying the stock looks roughly 27.4% overvalued today. We read business quality at 69/100 (solid quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Amgen Inc generated revenue of $37.2B at a net margin of 21.0%. Revenue grew 5.8% year over year. It earns a return on equity of 101.3%. Net debt stands at $45.5B. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) $37.2B
Revenue growth (YoY) +5.8%
Net margin 21.0%
Return on equity 101%
Free cash flow $8.1B FY2025
P/E ratio 24.0
More key figures
Operating margin 33.8%
EPS (TTM) $14.38
Dividend yield 2.9%
EPS growth (YoY) +4.4%
Net debt $45.5B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Amgen Inc. discovers, develops, manufactures, and delivers human therapeutics worldwide. The company's principal products include Enbrel for the treatment of rheumatoid arthritis, plaque psoriasis, and psoriatic arthritis; Otezla for the treatment of adult patients with plaque psoriasis, psoriatic arthritis, and oral ulcers associated with Behçet's disease; Prolia to treat postmenopausal women with osteoporosis; XGEVA for skeletal-related events prevention; Repatha, which reduces the risks of myocardial infarction, stroke, and coronary revascularization; Nplate for the treatment of patients with immune thrombocytopenia; KYPROLIS to treat patients with relapsed or refractory multiple myeloma; Aranesp to treat a lower-than-normal number of red blood cells and anemia; EVENITY for the treatment of osteoporosis in postmenopausal for women; Vectibix to treat patients with wild-type RAS metastatic colorectal cancer; BLINCYTO for the treatment of patients with acute lymphoblastic leukemia; …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Amgen Inc reported revenue of $36.7B in FY2025 versus $26.0B in FY2021, a compound +9.1%/yr. Reported net income was $7.7B in FY2025, compounding +7.0%/yr from FY2021.

Revenue +9.1%/yr
FY21 $26.0B
FY22 $26.3B
FY23 $28.2B
FY24 $33.4B
FY25 $36.7B
Net income +7.0%/yr
FY21 $5.9B
FY22 $6.6B
FY23 $6.7B
FY24 $4.1B
FY25 $7.7B

Is AMGN fairly valued? → Check now

Recent news

External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.

Similar stocks

6 more Drug Manufacturers - General stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Eli Lilly and Company LLY $1,102 $395.92 -64%
JNJ JNJ 4,128 MXN 2,944 MXN -29%
Johnson & Johnson, JNJB34 R$78.55 R$12.18 -84%
AbbVie Inc ABBV $230.01 $133.86 -42%
Roche Holding ROGN 7,050 MXN 6,743 MXN -4%
Merck & Co MRK $119.09 $77.57 -35%

Explore undervalued stocks

More undervalued Healthcare stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap Stocks

Frequently asked questions

Is Amgen Inc (AMGN) undervalued?
As of Jun 24, 2026, our model estimates a fair value of $252.02 versus a price of $347.01 — about −27% (overvalued). Model-based estimate, not financial advice.
What is the fair value of AMGN?
Our model-based fair value for Amgen Inc is $252.02 (as of Jun 24, 2026), built from audited fundamentals. The current price is $347.01.
What is the quality score of AMGN?
Amgen Inc has a Quality Score of 69/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Amgen Inc (AMGN)?
Amgen Inc reported trailing-twelve-month revenue of about $37.2B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of AMGN?
The net profit margin of Amgen Inc is about 21.0%, meaning it keeps roughly 21.0% of revenue as net income. Based on the latest reported figures.
Does Amgen Inc pay a dividend?
Amgen Inc currently shows a dividend yield of about 2.86% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.