AMGN

Amgen Inc.

Healthcare · $203.7B market cap

Verdict

Share price

$403.04

close of Oct 3, 2026

Fair value

$336.52

Sticker Price

Payback Price

$134.61

buy price

Overpriced

AMGN is Overpriced: at $403.04 it trades 20% above its fair value of $336.52. Its buy price (Payback Price) is $134.61, 67% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Dividend Discount Model. It has paid a dividend for 10+ years in a row, raised it most years, and yields over 2%. For a steady payer like this, the dividend is the best guide to value.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth4.4% a year✗
Equity per share growth-2.4% a year✗
Sales growth4.8% a year✗
Free cash flow growth4.8% a year✗
Return on invested capital10.2%✓

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Superinvestors

5 of the investors we track hold AMGN. In Q2 2026, 1 added. Who we track

Moves in Q2 2026

Added: Torray Funds

Insider activity

Since Aug 6, 2026: no open-market purchases, 4 sales worth $2.5M and 9 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

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…

Drug Manufacturers - General

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works