Research / Stock / AMGN
A
AMGN
AMGEN INC
442.24
-1.60 -0.36%
close 2026-08-25
Assumptions
2.0%
Market is pricing 2.0%— you agree
Actually grew -3.9%/yrFCF, 2020–2025 — the market is pricing 5.9pts FASTER than history
10 yrs
3.00%
6.21%
6.2% derived for this company beta 0.44 (1254d vs the S&P 500) · cost of equity 6.7% = 4.7% risk-free + 0.44 × 4.5% premium · 20% debt at 5.0%, taxed at 14%
Fair value
$442.86
+0.1%
At the market's assumptionsCurrent price $442.24Enterprise value 238.7B
Bear $289.01 (-3.0% growth)Bull $675.77 (7.0%)
Today's market price is inside the range · band = your growth ±5pts, same model · the market itself prices 2.0%
Y1
Y2
Y3
Y4
Y5
Y6
Y7
Y8
Y9
Y10
Present value of each projected year, Y1–Y10
27% the 10 forecast years73% terminal value
Same industry · Biotech · trailing P/E for context
GILDP/E 22184.7Bthis P/E: 31