AMN Healthcare Services Inc (AMN) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of AMN Healthcare Services Inc $66.81, price $33.91, upside +97.0%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $15.10 – $127.04 · fair‑value band $37.61 – $100.40 · the $33.91 price screens below the $66.81 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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AMN Healthcare Services, Inc. provides technology-enabled healthcare workforce solutions and staffing services to acute and sub-acute care hospitals, and other healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions.
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AMN Healthcare Services, Inc. provides technology-enabled healthcare workforce solutions and staffing services to acute and sub-acute care hospitals, and other healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. It offers travel nurse staffing, labor disruption staffing, local staffing, international nurse permanent placement, allied staffing, crisis nurse staffing for critical staffing and rapid response nursing, and allied health professionals, such as skilled nursing facilities, rehabilitation clinics, schools, and pharmacies, as well as physician and advanced practice staffing, and revenue cycle solutions. The company also provides allied health professionals, such as physical therapists, respiratory therapists, occupational therapists, medical and radiology technologists, lab technicians, speech pathologists, rehabilitation assistants, and pharmacists; and solutions for schools, including teletherapy platform, Televate, and qualified school speech-language pathologists, psychologists, nurses, social workers, and other care providers. In addition, it offers locum tenens staffing, healthcare interim leadership staffing, executive search, and physician permanent placement solutions. Additionally, the company provides language services, vendor management systems, workforce optimization, and outsourced solutions. The company offers its services under the brands, including AMN Healthcare, Nursefinders, O'Grady Peyton International, Connetics, Medical Search International, DRW Healthcare Staffing, and B.E. Smith. AMN Healthcare Services, Inc. was founded in 1985 and is based in Dallas, Texas.
Stock analysis
AMN Healthcare Services Inc (AMN) currently trades at $33.91, while our model-based Fair Value estimate is $66.81, implying the stock looks roughly 49.2% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $49.60 per share, and 6 of the 10 models we run sit above the $33.91 price.
Bear case: the Asset-Based group reads lowest at $11.09, and 4 of the 10 models stay below the price. Evidence for this calculation is medium.
Scenario range: $37.61 (bear) to $100.40 (bull), the price of $33.91 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Healthcare sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
AMN Healthcare Services Inc reported revenue of $2.7B in FY2025 versus $4.0B in FY2021, a compound −9.0%/yr. Reported net income was −$95.7M in FY2025.
Key figures
Market cap $1.3B · P/S ratio 0.35 · EPS (TTM) $−0.8600 · Net margin −3.5% · Return on equity −4.5% · Return on assets (EBIT) 9.3% · Operating margin 8.5% · Revenue (TTM) $3.4B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 7% below its 52-week high and 125% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at 35% fair-value upside, at 97%, AMN screens cheaper than that median.
Fair Value models
Bear $37.61Fair Value $66.81Bull $100.40
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.34/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−8.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−19.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.7%
Start year 2020 (pandemic). Over 10 years: +6.4% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.4%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
6.2% (2020) → 1.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−5.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−9.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −7.4% a year for the price and −11.9% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Compare AMN Healthcare Services Inc with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Medical Care Facilities · 257 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+97% · Top 25%
Profitability
Return on assets3% · Below median
Net margin (TTM)−1% · Bottom 25%
Operating margin (TTM)9% · Below median
Growth and dividend
Revenue growth100% · Top 25%
Balance sheet
Debt / equity1.20× · Highest 25%
Valuation Multiplesvs Medical Care Facilities median · lower = cheaper
P/B2.03× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is AMN Healthcare Services Inc (AMN) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $66.81 versus a price of $33.91, about +97% upside (undervalued).
What is the fair value of AMN?
Our model-based fair value for AMN Healthcare Services Inc is $66.81 (as of Sep 23, 2026), built from audited fundamentals. The current price: $33.91.
What is the quality score of AMN?
AMN Healthcare Services Inc has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for AMN Healthcare Services Inc (AMN)?
Our model-based price target is the fair value of $66.81 (as of Sep 23, 2026) from 10 valuation models. Cautious scenario $37.61, optimistic scenario $100.40. It is a calculation from audited fundamentals, not an analyst target.
What is the AMN Healthcare Services Inc stock forecast for 2026?
Our models put fair value at $66.81, about +97% upside versus a price of $33.91 (undervalued). Cautious scenario $37.61, optimistic scenario $100.40. The calculation is refreshed regularly with new filings.
What is the revenue of AMN Healthcare Services Inc (AMN)?
AMN Healthcare Services Inc reported trailing-twelve-month revenue of about $3.4B (latest available figure, as of Sep 23, 2026).
What growth is priced into AMN Healthcare Services Inc (AMN)?
For today's price to be fair in a discounted-cash-flow model, AMN Healthcare Services Inc would have to grow free cash flow by -5.2 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.7 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of AMN use?
Our models discount AMN Healthcare Services Inc at 9.8 %: a base by market capitalisation (small), damped by beta 0.44, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For AMN Healthcare Services Inc that is -5.2 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has AMN Healthcare Services Inc (AMN) delivered so far?
Over the past 5 years revenue at AMN Healthcare Services Inc grew +2.7 % a year. The price currently implies -5.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of AMN Healthcare Services Inc (AMN) growing?
The median revenue growth in the sector is +4.2 % a year. That is the yardstick for the growth priced into AMN Healthcare Services Inc (-5.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of AMN Healthcare Services Inc (AMN)?
The free-cash-flow yield on the price is 17.90 %: that much free cash flow AMN Healthcare Services Inc produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AMN Healthcare Services Inc (AMN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AMN Healthcare Services Inc it is $66.81 per share (as of Sep 23, 2026), against a price of $33.91. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is AMN Healthcare Services Inc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, AMN trades below its calculated fair value: price $33.91, fair value $66.81, a gap of about +97% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AMN?
No. The price is what the market pays today ($33.91); the fair value is what the company's own numbers justify ($66.81). For AMN Healthcare Services Inc the two are $32.90 per share apart. That gap is exactly why we show both numbers side by side.
How much is AMN Healthcare Services Inc worth?
The market values AMN Healthcare Services Inc at about $1.3B (market capitalisation, as of Sep 23, 2026). Per share that is $33.91; our models calculate a fair value of $66.81 per share.
What do the bullish and bearish scenarios say about AMN?
Our models span a range for AMN Healthcare Services Inc: cautious scenario $37.61, base $66.81, optimistic $100.40 per share (as of Sep 23, 2026, price $33.91). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of AMN?
The PEG ratio of AMN Healthcare Services Inc is 1.71 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of AMN Healthcare Services Inc (AMN)?
Balance-sheet figures for AMN Healthcare Services Inc (as of Sep 23, 2026): return on equity −4.5%, debt of 1.20 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is AMN from its 52-week high?
AMN Healthcare Services Inc trades at $33.91, about 7% below its 52-week high of $36.60 and 125% above the low of $15.10 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $66.81 is for.
Which stocks are comparable to AMN Healthcare Services Inc?
From the same area (Healthcare) we also value HCA Healthcare, Inc, Fresenius SE, Dr. Sulaiman Al Habib Medical Services Group, IHH Healthcare Berhad, an investment holding company,, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is AMN Healthcare Services Inc stock attractive at the current price?
The data as of Sep 23, 2026: price $33.91, calculated fair value $66.81 (+97%), Quality Score 56/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AMN calculated?
We run AMN Healthcare Services Inc through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $66.81, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. AMN Healthcare Services Inc currently trades 97 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of AMN Healthcare Services Inc (AMN)?
The closing price on Sep 23, 2026 was $33.91. Our model-based fair value is $66.81, about +97% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AMN Healthcare Services Inc right now?
The price is below even our cautious bear case ($37.61). The market is more pessimistic than our downside scenario. The model range is unusually wide ($37.61 to $100.40). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of AMN Healthcare Services Inc
How large is the market capitalisation of AMN Healthcare Services Inc (AMN)?
The market capitalisation of AMN Healthcare Services Inc is $1.3B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of AMN Healthcare Services Inc (AMN)?
The price-to-sales ratio of AMN Healthcare Services Inc is 0.35 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of AMN Healthcare Services Inc (AMN)?
Earnings per share at AMN Healthcare Services Inc are $−0.8600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of AMN Healthcare Services Inc (AMN)?
The net margin of AMN Healthcare Services Inc is −3.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of AMN Healthcare Services Inc (AMN)?
The return on equity (ROE) of AMN Healthcare Services Inc is −4.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of AMN Healthcare Services Inc (AMN)?
On an EBIT basis the return on assets of AMN Healthcare Services Inc is 9.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of AMN Healthcare Services Inc (AMN)?
The operating margin of AMN Healthcare Services Inc is 8.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AMN Healthcare Services Inc (AMN)?
Revenue at AMN Healthcare Services Inc is growing +99.9% versus a year earlier (3y avg −19.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at AMN Healthcare Services Inc (AMN)?
Earnings per share at AMN Healthcare Services Inc are growing +321% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does AMN Healthcare Services Inc (AMN) carry?
The net debt of AMN Healthcare Services Inc is $769M (fiscal year 2025, ≈ 3.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Sep 23, 2026