🎉 M&A multiples are live!
Check it out!

Amgen Valuation Multiples

Discover revenue and EBITDA valuation multiples for Amgen and similar public comparables like Julphar, Galapagos, and Pharming.

Amgen Overview

About Amgen

Amgen is a leader in biotechnology-based human therapeutics. Flagship drugs include red blood cell boosters Epogen and Aranesp, immune system boosters Neupogen and Neulasta, and Enbrel and Otezla for inflammatory diseases. Amgen introduced its first cancer therapeutic, Vectibix, in 2006 and markets bone-strengthening drugs Prolia/Xgeva (approved 2010) and Evenity (2019). The acquisition of Onyx Pharmaceuticals bolstered the firm's therapeutic oncology portfolio with Kyprolis. Recent launches include Repatha (cholesterol-lowering), Aimovig (migraine), Lumakras (lung cancer), and Tezspire (asthma). The 2023 Horizon acquisition brought several rare-disease drugs, including thyroid eye disease drug Tepezza. Amgen also has a growing biosimilar portfolio.


Founded

1980

HQ

United States of America
Employees

28K+

Website

amgen.com

Financials

LTM Revenue $34.2B

LTM EBITDA $19.1B

EV

$204B

Valuation Multiples

Multiples.vc

Sign up to see

Valuation Multiples for 12K+ Public Comps

Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.

Amgen Financials

Amgen has a last 12-month revenue (LTM) of $34.2B and a last 12-month EBITDA of $19.1B.

In the most recent fiscal year, Amgen achieved revenue of $33.4B and an EBITDA of $13.4B.

Amgen expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

See Amgen valuation multiples based on analyst estimates

Amgen P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $34.2B XXX $33.4B XXX XXX XXX
Gross Profit $28.3B XXX $20.6B XXX XXX XXX
Gross Margin 83% XXX 62% XXX XXX XXX
EBITDA $19.1B XXX $13.4B XXX XXX XXX
EBITDA Margin 56% XXX 40% XXX XXX XXX
EBIT $15.3B XXX $7.3B XXX XXX XXX
EBIT Margin 45% XXX 22% XXX XXX XXX
Net Profit $11.0B XXX $4.1B XXX XXX XXX
Net Margin 32% XXX 12% XXX XXX XXX
Net Debt XXX XXX $48.1B XXX XXX XXX

Financial data powered by Morningstar, Inc.

Amgen Stock Performance

As of June 2, 2025, Amgen's stock price is $288.

Amgen has current market cap of $155B, and EV of $204B.

See Amgen trading valuation data

Amgen Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$204B $155B XXX XXX XXX XXX $20.27

Benchmark Trading Valuation Multiples by Industry

Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more

Start Free Trial

Amgen Valuation Multiples

As of June 2, 2025, Amgen has market cap of $155B and EV of $204B.

Amgen's trades at 6.1x EV/Revenue multiple, and 15.2x EV/EBITDA.

Equity research analysts estimate Amgen's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Amgen has a P/E ratio of 14.1x.

See valuation multiples for Amgen and 12K+ public comps

Amgen Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $155B XXX $155B XXX XXX XXX
EV (current) $204B XXX $204B XXX XXX XXX
EV/Revenue 6.0x XXX 6.1x XXX XXX XXX
EV/EBITDA 10.6x XXX 15.2x XXX XXX XXX
EV/EBIT 13.3x XXX 28.0x XXX XXX XXX
EV/Gross Profit 7.2x XXX n/a XXX XXX XXX
P/E 14.1x XXX 37.9x XXX XXX XXX
EV/FCF 14.5x XXX 19.6x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Get Amgen Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.

Start Free Trial

Amgen Margins & Growth Rates

Amgen's last 12 month revenue growth is 4%

Amgen's revenue per employee in the last FY averaged $1.2M, while opex per employee averaged $0.5M for the same period.

Amgen's rule of 40 is 56% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Amgen's rule of X is 66% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for Amgen and other 12K+ public comps

Amgen Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 4% XXX 4% XXX XXX XXX
EBITDA Margin 56% XXX 40% XXX XXX XXX
EBITDA Growth -9% XXX 9% XXX XXX XXX
Rule of 40 56% XXX 44% XXX XXX XXX
Bessemer Rule of X XXX XXX 66% XXX XXX XXX
Revenue per Employee XXX XXX $1.2M XXX XXX XXX
Opex per Employee XXX XXX $0.5M XXX XXX XXX
S&M Expenses to Revenue XXX XXX n/a XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX 18% XXX XXX XXX
Opex to Revenue XXX XXX 40% XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 220+ Verticals

Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!

Digital Therapeutics
Pharma Analytics
Private Equity
ERP Software
Developer Tools
Consumer SaaS
Streaming Platforms

Amgen Public Comps

See public comps and valuation multiples for Biopharmaceuticals and Drug Development & Therapeutics comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Julphar XXX XXX XXX XXX XXX XXX
Galapagos XXX XXX XXX XXX XXX XXX
Pharming XXX XXX XXX XXX XXX XXX
Vivoryon Therapeutics XXX XXX XXX XXX XXX XXX
Armata Pharmaceuticals XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

Valuation data powered by FactSet, Inc.

Amgen M&A and Investment Activity

Amgen acquired  XXX companies to date.

Last acquisition by Amgen was  XXXXXXXX, XXXXX XXXXX XXXXXX . Amgen acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

See M&A valuation multiples

Latest Acquisitions by Amgen

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

Get Verified M&A Valuation Multiples

Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.

Start Free Trial

About Amgen

When was Amgen founded? Amgen was founded in 1980.
Where is Amgen headquartered? Amgen is headquartered in United States of America.
How many employees does Amgen have? As of today, Amgen has 28K+ employees.
Who is the CEO of Amgen? Amgen's CEO is Mr. Robert A. Bradway.
Is Amgen publicy listed? Yes, Amgen is a public company listed on NAS.
What is the stock symbol of Amgen? Amgen trades under AMGN ticker.
When did Amgen go public? Amgen went public in 1983.
Who are competitors of Amgen? Similar companies to Amgen include e.g. Julphar, Galapagos, Pharming, Vivoryon Therapeutics.
What is the current market cap of Amgen? Amgen's current market cap is $155B
What is the current revenue of Amgen? Amgen's last 12 months revenue is $34.2B.
What is the current revenue growth of Amgen? Amgen revenue growth (NTM/LTM) is 4%.
What is the current EV/Revenue multiple of Amgen? Current revenue multiple of Amgen is 6.0x.
Is Amgen profitable? Yes, Amgen is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Amgen? Amgen's last 12 months EBITDA is $19.1B.
What is Amgen's EBITDA margin? Amgen's last 12 months EBITDA margin is 56%.
What is the current EV/EBITDA multiple of Amgen? Current EBITDA multiple of Amgen is 10.6x.
What is the current FCF of Amgen? Amgen's last 12 months FCF is $14.1B.
What is Amgen's FCF margin? Amgen's last 12 months FCF margin is 41%.
What is the current EV/FCF multiple of Amgen? Current FCF multiple of Amgen is 14.5x.

Join Now Or Talk To Us

Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.