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AMN Healthcare Services, Inc (AMN) Fair Value & Analysis

Healthcare · US · Market cap $1.2B

AH AMN Healthcare Services, Inc logo AMN Healthcare Services, Inc AMN · US
Price$36.00
Fair Value$48.66
Upside+35.2%
Quality56/100
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Mixed Growth
Loss-making · -1.0% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (6/13)
Narrow moat 28/100
Evidence: Medium Range $31.54 – $65.79 Share as image

Fair value as of: Jul 24, 2026

From 9 valuation models · updated 17 days ago

Share price +12.2% over the past month.

A solid business, screening 35% undervalued on our models.

What matters now

  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range ($31.54 to $65.79) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$127.04 $15.10 Fair Value $48.66 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range $15.10 – $127.04 · fair‑value band $31.54 – $65.79 · the $36.00 price screens below the $48.66 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

Full chart & analysis →

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Analysis

AMN Healthcare Services, Inc (AMN) currently trades at $36.00, while our model-based Fair Value estimate is $48.66, implying the stock looks roughly 35.2% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, AMN Healthcare Services, Inc generated revenue of $3.4B at a net margin of -1.0%. Revenue grew 99.9% year over year. It earns a return on equity of -4.5%. Net debt stands at $769M. Fundamentals as of Jul 24, 2026

Our scenario range runs from $31.54 (bear case) to $65.79 (bull case); at $36.00, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 142% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at 11% fair-value upside, at 35%, AMN screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $38.66 $61.72 $90.86 80
Rev-Margin DCF $8.33 $16.17 $25.73 74
EV/EBITDA $32.47 $49.60 $66.72 54
All 9 models by family
DCF Models
FCF DCF $38.42 $65.22 $101.48 38
5Y Revenue Exit $8.33 $15.10 $22.60 39
5Y EBITDA Exit $31.33 $58.54 $89.99 41
10Y Revenue Exit $19.92 $28.86 $39.20 36
10Y EBITDA Exit $33.58 $56.56 $86.58 37
Multiples
EV/EBITDA $32.47 $49.60 $66.72 54
Asset-Based
NCAV (Graham) $8.28 $11.09 $16.56 50
Growth DCF
Growth DCF $38.66 $61.72 $90.86 80
Rev-Margin DCF $8.33 $16.17 $25.73 74

Widest divergence: DCF Models ($56.56) versus Asset-Based ($11.09). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $3.4B
Revenue growth (YoY) +99.9%
Net margin -1.0%
Return on equity -4.5%
Free cash flow $234M FY2025
Operating margin 8.5%
More key figures
EPS (TTM) $-0.8600
EPS growth (YoY) +321%
Net debt $769M FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 55 · Market factors (momentum, volatility) 85

Profitability 34
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 34
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 86
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 34/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$2.7B
Latest YoY
−8.5%
Avg. growth/yr (3Y)
−19.5%
Avg. growth/yr (5Y)
+2.7%
Avg. growth/yr (25Y)
+10.4%
Revenue −9.0%/yr
FY21 $4.0B
FY22 $5.2B
FY23 $3.8B
FY24 $3.0B
FY25 $2.7B
Net income
FY21 $327M
FY22 $444M
FY23 $211M
FY24 −$147M
FY25 −$95.7M

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Cite: Fair Value Calculator (2026). "AMN Healthcare Services, Inc Fair Value". https://www.fairvalue-calculator.com/stock/AMN

Earlier news

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

Peer Group

Medical Care Facilities · 262 stocks

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.

Quality Score 56 · Above median
Fair Value upside +35% · Above median
Return on assets 3% · Below median
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) 9% · Above median
Revenue growth 100% · Top 25%
Debt / equity 1.20× · Higher than 75% of peers

Valuation Multiples vs Medical Care Facilities median · lower = cheaper

P/B 1.89× · Pricier than median
P/S (TTM) 0.35× · Cheaper than 75% of peers
P/FCF 5.2× · Pricier than median
EV/EBITDA 6.7× · Cheaper than median
PEG 1.71× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 80 · sector 22
FUTURE 100 · sector 24
PAST 0 · sector 30
HEALTH 40 · sector 90
DIVIDEND 0 · sector 38

Insider activity: 35/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Medical Care Facilities stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
HCA Healthcare, Inc HCA $378.85 $554.93 +46%
Fresenius SE FRE €41.73 €32.15 -23%
Dr. Sulaiman Al Habib Medical Services Group 4013 235.00 SAR 112.37 SAR -52%
IHH Healthcare Berhad, an investment holding company, Q0F 2.58 SGD 1.44 SGD -44%
Tenet Healthcare Corporation THC $194.91 $338.05 +73%
Rede D'Or São Luiz S.A RDOR3 R$36.01 R$47.31 +31%
DaVita Inc DVA $231.61 $255.97 +11%
Apollo Hospitals Enterprise Limited APOLLOHOSP ₹8,955 ₹2,955 -67%
Fresenius Medical Care AG FMS $24.68 $45.60 +85%
Aier Eye Hospital Group 300015 ¥8.68 ¥7.67 -12%

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Frequently asked questions

Is AMN Healthcare Services, Inc (AMN) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of $48.66 versus a price of $36.00, about +35% (undervalued).
What is the fair value of AMN?
Our model-based fair value for AMN Healthcare Services, Inc is $48.66 (as of Jul 24, 2026), built from audited fundamentals. The current price is $36.00.
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 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 Jul 24, 2026).
What is the net profit margin of AMN?
The net profit margin of AMN Healthcare Services, Inc is about -1.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.

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