Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 19.04.
Forward PE Ratio (19.04) = Close Price ($439.33) / Consensus Forward EPS ($23.08)
FORWARD PE RATIO
19.04
SECTOR MEDIAN · HEALTHCARE
19.91
median of 68 covered companies
CURRENT VS SECTOR MEDIAN
-4.39%
vs the sector median at left
Amgen Inc.
Market Cap
$237.11B
Forward PE Ratio
19.04
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Amgen Inc. (AMGN) | $237.11B | 19.04 |
| Thermo Fisher Scientific Inc. (TMO)vs › | $233.85B | 25.06 |
| AstraZeneca PLC (AZN)vs › | $257.41B | 16.21 |
| Novo Nordisk A/S (NVO)vs › | $207.55B | N/A |
| Abbott Laboratories (ABT)vs › | $201.83B | 21.14 |
| Gilead Sciences, Inc. (GILD)vs › | $181.42B | N/A |
| Pfizer Inc. (PFE)vs › | $159.98B | 9.44 |
| Danaher Corporation (DHR)vs › | $153.85B | 25.74 |
| Vertex Pharmaceuticals Incorporated (VRTX)vs › | $139.10B | 29.24 |
| Bristol-Myers Squibb Company (BMY)vs › | $136.88B | 9.67 |
Trailing P/E
27.3
reported TTM EPS
Forward P/E
19.0
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $23.08 implies +43.4% EPS growth vs the reported trailing $16.09.
At today's $439.33 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $23.08 | $22.56 – $23.66 | 19 | 19.0x |
| 2027-12-31 | $24.42 | $22.66 – $25.71 | 19 | 18.0x |
| 2028-12-31 | $25.69 | $21.60 – $29.13 | 11 | 17.1x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
