AMGN P/B: current value, 10-year range and year-by-year history
Cash & Leverage
AMGN's p/b is higher than 65% of the last 10 years.
P/B History
AMGN P/B by year
Yearly range of AMGN’s p/b from 2016 to 2026. Over the full period it ranged from 3.3 to 154.4, averaging 20.5.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 16.5 | 20.5 | 24.3 | 20.4 |
| 2025 | 15.9 | 22.6 | 30.2 | 20.5 |
| 2024 | 18.6 | 27.0 | 34.1 | 24.0 |
| 2023 | 17.3 | 24.5 | 40.5 | 20.2 |
| 2022 | 18.5 | 64.9 | 154.4 | 38.7 |
| 2021 | 13.8 | 15.2 | 19.0 | 19.0 |
| 2020 | 11.3 | 13.5 | 15.2 | 14.3 |
| 2019 | 9.3 | 10.8 | 14.9 | 14.9 |
| 2018 | 4.9 | 7.7 | 10.0 | 10.0 |
| 2017 | 3.7 | 4.1 | 4.6 | 4.0 |
| 2016 | 3.3 | 3.8 | 4.4 | 3.6 |
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How much the market pays relative to the company's accounting net worth (assets minus liabilities). P/B < 1 means the market values the company below what the books say it owns.
Price / Book Value Per ShareMost useful for asset-heavy businesses: banks, insurers, REITs. A P/B near its historical low suggests the market is paying unusually little for the net assets.
- Goodwill and intangibles from acquisitions can inflate book value significantly — some analysts prefer tangible book value.
- Low P/B in technology or software companies is usually irrelevant: their value is in IP and people, not balance sheet assets.
Is AMGN P/B High or Low Right Now?
Amgen Inc.'s P/B is currently 20.4, which is above average relative to its 10-year historical range. The 10-year median P/B for AMGN is approximately 16.1. See all AMGN valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.