Is AMGN or ELV cheaper?

On trailing earnings, ELV is cheaper: AMGN trades at a 24.72 P/E and ELV at 17.19.

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 9.97%.

Does AMGN or ELV pay a bigger dividend?

AMGN yields 2.76% and ELV yields 1.70% 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 2.62%.

Which has been the better investment, AMGN or ELV?

Over the past 10-year, ELV delivered the higher annualized total return — AMGN at 11.94% versus ELV at 13.43%. Past performance doesn't predict future results.

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

AMGN leads on 9 of 17 compared metrics, though ELV is the cheaper stock.

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 June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — AMGN vs ELV

growth of $100 · last 25y

AMGN +524.5%ELV +1875.9%ELV compounded faster

AMGN ELV

AMGN vs ELV: by the numbers

•AMGN is the larger company ($191.70B vs $87.75B market cap).
•ELV trades at the lower earnings multiple (17.19 vs 24.72 P/E).
•AMGN converts more revenue to profit (20.95% vs 2.62% net margin).
•ELV grew revenue faster over the past five years (9.97% vs 8.15% CAGR).
•AMGN pays the higher dividend yield (2.76% vs 1.70%).

Which is better, AMGN or ELV?

Metric tally: AMGN 9 · ELV 8

It depends on what you're optimizing for:

ValueELV(lower P/E)

GrowthELV(faster 5Y revenue CAGR)

IncomeAMGN(higher dividend yield)

QualityAMGN(higher ROIC)

Valuation

Metric	AMGN	ELV
P/E ratio	24.72	17.19●
Forward P/E	15.15	13.82●
P/S ratio	5.19	0.44●
P/B ratio	21.03	2.03●
PEG ratio	0.26●	2.58
EV / EBITDA	15.32	12.48●
FCF yield	4.45%	7.24%●

Profitability

Metric	AMGN	ELV
Gross margin	71.46%●	23.16%
Operating margin	31.63%●	3.81%
Net margin	20.95%●	2.62%
ROE	84.87%●	11.94%
ROIC	13.16%●	6.65%

Dividends

Metric	AMGN	ELV
Dividend yield	2.76%●	1.70%
Payout ratio	68.39%	27.24%

Growth (annualized)

Metric	AMGN	ELV
Revenue CAGR (5Y)	8.15%	9.97%●
EPS CAGR (5Y)	2.94%	6.67%●
FCF CAGR (5Y)	-2.66%●	-7.76%
Total return CAGR (5Y)	11.36%●	2.50%

Frequently asked

Which is better, AMGN or ELV?: It depends on your goal. value: ELV (lower P/E); growth: ELV (faster 5Y revenue CAGR); income: AMGN (higher dividend yield); quality: AMGN (higher ROIC). Across all compared metrics, AMGN leads 9 to 8.
Is AMGN or ELV cheaper?: On trailing earnings, ELV is cheaper: AMGN trades at a 24.72 P/E and ELV at 17.19.
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 9.97%.
Does AMGN or ELV pay a bigger dividend?: AMGN yields 2.76% and ELV yields 1.70% 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 2.62%.
Which has been the better investment, AMGN or ELV?: Over the past 10-year, ELV delivered the higher annualized total return — AMGN at 11.94% versus ELV at 13.43%. 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 June 13, 2026.