Which has the lower trailing P/E, AMGN or ELV?

ELV has the lower trailing P/E: AMGN trades at 26.98 and ELV at 16.73. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, AMGN or ELV?

Over the past five years, ELV grew revenue faster — AMGN at a 8.15% CAGR versus ELV at 9.25%.

Does AMGN or ELV pay a bigger dividend?

AMGN yields 2.53% and ELV yields 1.82% based on trailing dividends and the latest price.

Is AMGN or ELV more profitable?

AMGN runs the higher net margin — AMGN at 20.95% versus ELV at 2.47%.

How have AMGN and ELV total returns compared?

Over the past 10 years, AMGN delivered 11.74% and ELV delivered 12.65% annualized total return. Past performance doesn't predict future results.

Amgen Inc. (AMGN) vs Elevance Health Inc. (ELV)

A side-by-side comparison of Amgen Inc. and Elevance Health Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 31, 2026. Differences are shown without an overall score or investment verdict.

AMGN

Amgen Inc.

$207.87B

$385.16HealthcareDelayed quote: Jul 31, 2026, 4:00 PM EDT

ELV

Elevance Health Inc.

$81.51B

$375.84HealthcareDelayed quote: Jul 31, 2026, 4:00 PM EDT

Total return — AMGN vs ELV

growth of $100 · dividends reinvested · last 25y

AMGN +910.2%ELV +2225.7%ELV compounded faster

AMGN ELV

AMGN vs ELV: by the numbers

•AMGN is the larger company ($207.87B vs $81.51B market cap).
•ELV trades at the lower trailing earnings multiple (16.73 vs 26.98 P/E), one valuation lens rather than an overall verdict.
•AMGN converts more revenue to profit (20.95% vs 2.47% net margin).
•ELV grew revenue faster over the past five years (9.25% vs 8.15% CAGR).
•AMGN pays the higher dividend yield (2.53% vs 1.82%).

Metrics side by side

Valuation

Metric	AMGN	ELV
P/E ratio	26.98	16.73
Forward P/E	17.34	13.87
P/S ratio	5.66	0.41
P/B ratio	22.95	1.83
PEG ratio	0.26	2.51
EV / EBITDA	15.36	12.73
FCF yield	4.08%	7.67%

Profitability

Metric	AMGN	ELV
Gross margin	71.46%	25.56%
Operating margin	31.63%	3.51%
Net margin	20.95%	2.47%
ROE	84.87%	11.06%
ROIC	13.16%	6.65%

Dividends

Metric	AMGN	ELV
Dividend yield	2.53%	1.82%
Payout ratio	68.39%	27.24%

Growth (annualized)

Metric	AMGN	ELV
Revenue CAGR (5Y)	8.15%	9.25%
EPS CAGR (5Y)	2.94%	6.67%
FCF CAGR (5Y)	-2.66%	-19.97%
Total return CAGR (5Y)	13.44%	1.05%

Frequently asked

Which has the lower trailing P/E, AMGN or ELV?: ELV has the lower trailing P/E: AMGN trades at 26.98 and ELV at 16.73. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, AMGN or ELV?: Over the past five years, ELV grew revenue faster — AMGN at a 8.15% CAGR versus ELV at 9.25%.
Does AMGN or ELV pay a bigger dividend?: AMGN yields 2.53% and ELV yields 1.82% based on trailing dividends and the latest price.
Is AMGN or ELV more profitable?: AMGN runs the higher net margin — AMGN at 20.95% versus ELV at 2.47%.
How have AMGN and ELV total returns compared?: Over the past 10 years, AMGN delivered 11.74% and ELV delivered 12.65% annualized total return. Past performance doesn't predict future results.

Go deeper

Full AMGN analysis Full ELV analysis Interactive comparison tool

Dig into the metrics

Amgen P/E ratio Elevance Health P/E ratio Amgen dividend yield Elevance Health dividend yield Amgen ROE Elevance Health ROE Amgen operating margin Elevance Health operating margin Amgen revenue growth Elevance Health revenue growth Amgen free cash flow Elevance Health free cash flow

Amgen & Elevance Health appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest Operating Margin Stocks Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 31, 2026.