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Amgen Inc. (AMGN) EV/EBITDA Ratio: 13.28x

Is Amgen Inc.’s EV/EBITDA ratio high or low?

Amgen Inc.'s EV/EBITDA ratio of 13.28x is in line with its 5-year average of 13.96x, around the middle of its 5-year range (10.20x–19.97x).

The EV/EBITDA ratio for Amgen Inc. (AMGN) is 13.28x as of Wednesday, June 10, 2026. It is above its 12-month average by 0.25% (13.25x).

AMGN EV/EBITDA Ratio Chart

AMGN EV/EBITDA Ratio
13.28x-2.06% 1Y
Zoom

AMGN Average EV/EBITDA Ratio Chart

AMGN Current vs Average EV/EBITDA Ratio Chart

AMGN EV/EBITDA Ratio Metrics

EV/EBITDA RATIO

13.28x

EV/EBITDA RATIO AVG TTM

13.25x

EV/EBITDA RATIO AVG 3Y

14.20x

EV/EBITDA RATIO AVG 5Y

13.96x

EV/EBITDA RATIO AVG 10Y

13.14x

EV/EBITDA RATIO AVG 15Y

13.42x

EV/EBITDA RATIO AVG 20Y

12.73x

CURRENT VS TTM AVG

+0.25%

CURRENT VS 3Y AVG

-6.46%

CURRENT VS 5Y AVG

-4.87%

CURRENT VS 10Y AVG

+1.09%

CURRENT VS 15Y AVG

-1.05%

CURRENT VS 20Y AVG

+4.33%

AMGN Competitors' EV/EBITDA Ratio

NAMEMARKET CAPEV/EBITDA RATIOTTM3Y5Y
Amgen Inc. (AMGN)$183.75B13.28x13.25x14.20x13.96x
Thermo Fisher Scientific Inc. (TMO)$179.45B19.72x19.74x20.47x20.32x
Abbott Laboratories (ABT)$154.66B16.88x18.72x19.30x18.58x
Gilead Sciences, Inc. (GILD)$151.21B12.54x14.17x17.98x15.97x
Intuitive Surgical, Inc. (ISRG)$146.44B39.06x52.49x59.81x55.90x
Pfizer Inc. (PFE)$146.36B12.38x10.50x15.94x13.74x
Danaher Corporation (DHR)$130.25B21.52x23.46x23.88x22.36x
CVS Health Corporation (CVS)$125.16B17.45x14.88x11.86x12.00x
Bristol-Myers Squibb Company (BMY)$114.14B10.82x9.64x16.60x15.48x
Vertex Pharmaceuticals Incorporated (VRTX)$110.77B20.92x22.99x82.30x54.94x

EV/EBITDA vs. its own history

At 13.3, EV/EBITDA is in its normal range — richer than 62% of its 20-year range.

20-year low

7.9

median

12.7

20-year high

20.0

cheaperricher

Understanding EV/EBITDA

Enterprise Value (EV) = Market Cap + Total Debt - Cash

EBITDA = Earnings Before Interest, Taxes, Depreciation & Amortization

EV/EBITDA is commonly used for comparing companies because:

  • It accounts for debt levels (capital structure neutral)
  • It removes effects of different depreciation policies
  • It can be compared across countries with different tax rates
  • It can remain available when net income is negative, if EBITDA is positive

Amgen Inc. EV/EBITDA Ratio Formula & Definition

EV/EBITDA = Enterprise Value / EBITDA (TTM)

Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Amgen Inc. EV/EBITDA Ratio FAQ

What is the EV/EBITDA ratio for Amgen Inc. (AMGN)?
The EV/EBITDA ratio for AMGN stock is 13.28x.
Is Amgen Inc.'s EV/EBITDA ratio high or low?
Amgen Inc.'s EV/EBITDA ratio of 13.28x is in line with its 5-year average of 13.96x, around the middle of its 5-year range (10.20x–19.97x).
What is the TTM average EV/EBITDA ratio for Amgen Inc. (AMGN)?
The TTM average EV/EBITDA ratio for AMGN stock is 13.25x.
What is the 3Y average EV/EBITDA ratio for Amgen Inc. (AMGN)?
The 3Y average EV/EBITDA ratio for AMGN stock is 14.20x.
What is the 5Y average EV/EBITDA ratio for Amgen Inc. (AMGN)?
The 5Y average EV/EBITDA ratio for AMGN stock is 13.96x.
What is the 10Y average EV/EBITDA ratio for Amgen Inc. (AMGN)?
The 10Y average EV/EBITDA ratio for AMGN stock is 13.14x.
What is the 15Y average EV/EBITDA ratio for Amgen Inc. (AMGN)?
The 15Y average EV/EBITDA ratio for AMGN stock is 13.42x.
What is the 20Y average EV/EBITDA ratio for Amgen Inc. (AMGN)?
The 20Y average EV/EBITDA ratio for AMGN stock is 12.73x.

Amgen Inc. EV/EBITDA Ratio History

DATEEV/EBITDA RATIO
2026-06-1013.28x
2026-06-0913.42x
2026-06-0813.45x
2026-06-0513.57x
2026-06-0413.45x
2026-06-0313.22x
2026-06-0212.91x
2026-06-0112.93x
2026-05-2913.17x
2026-05-2813.16x
2026-05-2713.15x
2026-05-2613.15x
2026-05-2213.25x
2026-05-2113.19x
2026-05-2013.01x
2026-05-1912.98x
2026-05-1812.78x
2026-05-1512.85x
2026-05-1413.16x
2026-05-1313.16x
2026-05-1213.16x
2026-05-1112.95x
2026-05-0813.01x
2026-05-0712.93x
2026-05-0613.00x
2026-05-0512.95x
2026-05-0412.77x
2026-05-0112.96x
2026-04-3013.47x
2026-04-2912.26x
2026-04-2812.30x
2026-04-2712.32x
2026-04-2412.45x
2026-04-2312.56x
2026-04-2212.49x
2026-04-2112.45x
2026-04-2012.61x
2026-04-1712.76x
2026-04-1612.59x
2026-04-1512.55x
2026-04-1412.63x
2026-04-1312.60x
2026-04-1012.63x
2026-04-0912.77x
2026-04-0812.60x
2026-04-0712.31x
2026-04-0612.39x
2026-04-0212.54x
2026-04-0112.70x
2026-03-3112.66x
2026-03-3012.57x
2026-03-2712.57x
2026-03-2612.70x
2026-03-2512.72x
2026-03-2412.56x
2026-03-2312.60x
2026-03-2012.54x
2026-03-1912.60x
2026-03-1812.65x
2026-03-1712.93x
2026-03-1613.08x
2026-03-1313.07x
2026-03-1213.12x
2026-03-1113.41x
2026-03-1013.34x
2026-03-0913.39x
2026-03-0613.17x
2026-03-0513.12x
2026-03-0413.45x
2026-03-0313.39x
2026-03-0213.64x
2026-02-2713.71x
2026-02-2613.46x
2026-02-2513.60x
2026-02-2413.56x
2026-02-2313.46x
2026-02-2013.32x
2026-02-1913.34x
2026-02-1813.47x
2026-02-1713.28x
2026-02-1313.16x
2026-02-1214.73x
2026-02-1114.74x
2026-02-1014.68x
2026-02-0915.05x
2026-02-0615.32x
2026-02-0514.78x
2026-02-0414.73x
2026-02-0313.83x
2026-02-0214.02x
2026-01-3013.93x
2026-01-2913.97x
2026-01-2813.94x
2026-01-2714.24x
2026-01-2614.19x
2026-01-2314.03x
2026-01-2214.10x
2026-01-2113.99x
2026-01-2013.58x
2026-01-1613.56x
2026-01-1513.54x
2026-01-1413.51x
2026-01-1313.36x
2026-01-1213.40x
2026-01-0913.42x
2026-01-0813.55x
2026-01-0713.93x
2026-01-0613.55x
2026-01-0513.24x
2026-01-0213.47x
2025-12-3113.46x
2025-12-3013.50x
2025-12-2913.53x
2025-12-2613.64x
2025-12-2413.67x
2025-12-2313.59x
2025-12-2213.59x
2025-12-1913.46x
2025-12-1813.36x
2025-12-1713.41x
2025-12-1613.44x
2025-12-1513.39x
2025-12-1213.14x
2025-12-1113.13x
2025-12-1013.06x
2025-12-0913.01x
2025-12-0813.26x
2025-12-0513.54x
2025-12-0413.88x
2025-12-0314.05x
2025-12-0213.82x
2025-12-0113.79x
2025-11-2814.05x
2025-11-2614.02x
2025-11-2513.91x
2025-11-2413.68x
2025-11-2113.79x
2025-11-2013.74x
2025-11-1913.95x
2025-11-1814.00x
2025-11-1713.93x
2025-11-1413.76x
2025-11-1313.74x
2025-11-1213.75x
2025-11-1113.82x
2025-11-1013.34x
2025-11-0713.22x
2025-11-0613.07x
2025-11-0513.21x
2025-11-0412.45x
2025-11-0313.11x
2025-10-3113.18x
2025-10-3012.97x
2025-10-2912.96x
2025-10-2812.97x
2025-10-2712.94x
2025-10-2412.96x
2025-10-2313.00x
2025-10-2213.10x
2025-10-2113.28x
2025-10-2013.35x
2025-10-1713.20x
2025-10-1613.10x
2025-10-1513.15x
2025-10-1413.03x
2025-10-1312.98x
2025-10-1012.90x
2025-10-0913.08x
2025-10-0813.06x
2025-10-0713.09x
2025-10-0613.04x
2025-10-0313.17x
2025-10-0213.15x
2025-10-0113.19x
2025-09-3012.63x
2025-09-2912.35x
2025-09-2612.32x
2025-09-2512.26x
2025-09-2412.53x
2025-09-2312.79x
2025-09-2212.76x
2025-09-1912.74x
2025-09-1812.42x
2025-09-1712.38x
2025-09-1612.32x
2025-09-1512.37x
2025-09-1212.43x
2025-09-1112.65x
2025-09-1012.51x
2025-09-0912.56x
2025-09-0812.56x
2025-09-0512.68x
2025-09-0412.56x
2025-09-0312.69x
2025-09-0212.79x
2025-08-2912.82x
2025-08-2812.75x
2025-08-2712.83x
2025-08-2612.88x
2025-08-2512.85x
2025-08-2213.02x
2025-08-2113.09x
2025-08-2013.12x
2025-08-1913.09x
2025-08-1812.99x
2025-08-1513.12x
2025-08-1412.91x
2025-08-1312.88x
2025-08-1212.73x
2025-08-1112.73x
2025-08-0812.84x
2025-08-0712.72x
2025-08-0612.72x
2025-08-0513.24x
2025-08-0413.87x
2025-08-0113.69x
2025-07-3113.62x
2025-07-3013.85x
2025-07-2913.92x
2025-07-2813.84x
2025-07-2514.03x
2025-07-2414.10x
2025-07-2314.12x
2025-07-2214.00x
2025-07-2113.65x
2025-07-1813.61x
2025-07-1713.73x
2025-07-1613.76x
2025-07-1513.53x
2025-07-1413.69x
2025-07-1113.63x
2025-07-1013.81x
2025-07-0913.67x
2025-07-0813.69x
2025-07-0713.55x
2025-07-0313.73x
2025-07-0213.69x
2025-07-0113.46x
2025-06-3013.06x
2025-06-2712.99x
2025-06-2613.06x
2025-06-2513.10x
2025-06-2413.00x
2025-06-2312.82x
2025-06-2013.42x
2025-06-1813.43x
2025-06-1713.44x
2025-06-1613.64x
2025-06-1313.63x
2025-06-1213.70x
2025-06-1113.51x
2025-06-1013.56x
2025-06-0913.44x
2025-06-0613.45x
2025-06-0513.34x
2025-06-0413.34x
2025-06-0313.43x
2025-06-0213.39x
2025-05-3013.38x
2025-05-2913.21x

Showing the most recent 260 of 5,031 data points. The chart above shows the full history.

About Amgen Inc.

Amgen Inc., established in 1980 and headquartered in Thousand Oaks, California, is a global biotechnology leader focused on discovering, developing, manufacturing, and delivering groundbreaking human medicines. The company's scientific endeavors span several critical therapeutic categories, including inflammatory conditions, oncology and hematology, bone health, cardiovascular diseases, nephrology, and neuroscience. Its extensive portfolio features a range of significant pharmaceutical products. Notable examples include Enbrel, prescribed for conditions like plaque psoriasis, rheumatoid arthritis, and psoriatic arthritis; Neulasta, which helps cancer patients by reducing the risk of infection linked to a low white blood cell count; Prolia, utilized in postmenopausal women to combat osteoporosis; and Xgeva, designed to prevent skeletal-related complications. Otezla offers relief for adult patients suffering from plaque psoriasis, psoriatic arthritis, and oral ulcers associated with Behçet's disease. Aranesp addresses anemia and low red blood cell counts, while KYPROLIS is employed to treat patients with relapsed or refractory multiple myeloma. Furthermore, Repatha plays a vital role in lowering the incidence of major cardiovascular events such as myocardial infarction, stroke, and coronary revascularization. Amgen's comprehensive product lineup also encompasses Nplate, Vectibix, MVASI, Parsabiv, EPOGEN, KANJINTI, BLINCYTO, Aimovig, EVENITY, AMGEVITATM, Sensipar/Mimpara, NEUPOGEN, IMLYGIC, Corlanor, and AVSOLA. The company distributes its therapies worldwide, primarily serving healthcare providers, including physicians and their clinics, dialysis centers, hospitals, and pharmacies. Distribution is facilitated through pharmaceutical wholesale distributors, complemented by direct-to-consumer channels. Amgen actively engages in strategic collaborations. It has partnered with entities such as Novartis Pharma AG, UCB, Bayer HealthCare LLC, BeiGene, Ltd., Eli Lilly and Company, Datos Health, and Verastem, Inc., to jointly assess VS-6766 when combined with lumakrastm (Sotorasib) in patients with KRAS G12C-mutant non-small cell lung cancer. Another key alliance involves Kyowa Kirin Co., Ltd., for the co-development and commercialization of KHK4083, a Phase 3-ready anti-OX40 fully human monoclonal antibody targeting atopic dermatitis and other autoimmune conditions. Additionally, Amgen maintains research and development partnerships with Neumora Therapeutics, Inc. and Plexium, Inc.

Thousand Oaks, CA
28,000 employees
Healthcare / Drug Manufacturers - General
Sector
Healthcare
Industry
Drug Manufacturers - General
CEO
Robert A. Bradway