Amgen price to book ratio AMGN

Market value divided by the book value of the company's net assets, since 2009.

Today, Oct 23, 2026: 20.3×
10-year median: 15.4×
Against its 10-year history: 65th; percentile: 0 is its lowest day, 100 its highest
10-year range: 3.3× to 149×
Peer median: 7.5×

Amgen's price to book ratio is 20.3× as of Oct 23, 2026.

That is above its ten-year median of 15.4×, higher than on 65% of days in the last ten years.

Over that time it ranged from 3.3× in Nov 2016 to 149× in May 2022.

The median for 8 large drugmakers of a similar size is 7.5×.

Price to book ratio over time

median 15.4×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	20.3×	17.5×	24.2×
2025	18.6×	17.8×	29.7×
2024	18.8×	18.8×	35.8×
2023	20.1×	18.6×	40.2×
2022	38.4×	15.2×	149×
2021	15.4×	12.6×	15.8×
2020	12.2×	11.5×	16.0×
2019	13.1×	8.3×	13.2×
2018	8.5×	3.9×	9.2×
2017	3.9×	3.7×	4.5×
2016	3.5×	3.3×	4.5×
2015	4.4×	3.8×	5.1×
2014	4.9×	3.7×	5.1×
2013	4.0×	3.2×	4.4×
2012	3.3×	2.4×	3.5×
2011	2.4×	1.8×	2.4×
2010	2.2×	2.1×	2.6×
2009	2.5×	2.5×	2.9×

Against its peers

Companies in Drug Manufacturers - General nearest Amgen's size, closest first, today.

Company	Price to book ratio
AMGNAmgen	20.3×
GILDGilead Sciences	16.4×
PFEPfizer	2.0×
MRKMerck	8.5×
BMYBristol-Myers Squibb	5.6×
ABBVAbbVie	n/m
JNJJohnson & Johnson	7.5×
LLYEli Lilly and	35.4×
BIIBBiogen	2.0×
Peer median	7.5×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Amgen

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.