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Amgen (MEX:AMG N) Cyclically Adjusted PB Ratio : 9.56 (As of Jun. 28, 2025)


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What is Amgen Cyclically Adjusted PB Ratio?

As of today (2025-06-28), Amgen's current share price is MXN5223.70. Amgen's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN546.51. Amgen's Cyclically Adjusted PB Ratio for today is 9.56.

The historical rank and industry rank for Amgen's Cyclically Adjusted PB Ratio or its related term are showing as below:

MEX:AMG N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.86   Med: 7.09   Max: 12.02
Current: 10.46

During the past years, Amgen's highest Cyclically Adjusted PB Ratio was 12.02. The lowest was 4.86. And the median was 7.09.

MEX:AMG N's Cyclically Adjusted PB Ratio is ranked worse than
93.59% of 749 companies
in the Drug Manufacturers industry
Industry Median: 1.98 vs MEX:AMG N: 10.46

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Amgen's adjusted book value per share data for the three months ended in Mar. 2025 was MXN236.183. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN546.51 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Amgen Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Amgen's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Amgen Cyclically Adjusted PB Ratio Chart

Amgen Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.40 7.15 8.54 9.82 9.65

Amgen Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.76 10.96 11.57 9.65 11.76

Competitive Comparison of Amgen's Cyclically Adjusted PB Ratio

For the Drug Manufacturers - General subindustry, Amgen's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Amgen's Cyclically Adjusted PB Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Amgen's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Amgen's Cyclically Adjusted PB Ratio falls into.


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Amgen Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Amgen's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5223.70/546.51
=9.56

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Amgen's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Amgen's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=236.183/134.9266*134.9266
=236.183

Current CPI (Mar. 2025) = 134.9266.

Amgen Quarterly Data

Book Value per Share CPI Adj_Book
201506 568.080 100.684 761.285
201509 626.025 100.392 841.380
201512 640.434 99.792 865.913
201603 657.170 100.470 882.546
201606 744.111 101.688 987.336
201609 798.887 101.861 1,058.218
201612 834.597 101.863 1,105.501
201703 783.676 102.862 1,027.965
201706 784.736 103.349 1,024.506
201709 804.971 104.136 1,042.986
201712 686.404 104.011 890.426
201803 425.837 105.290 545.702
201806 451.394 106.317 572.864
201809 419.045 106.507 530.862
201812 389.831 105.998 496.223
201903 341.991 107.251 430.242
201906 344.363 108.070 429.943
201909 361.826 108.329 450.662
201912 308.476 108.420 383.892
202003 378.239 108.902 468.630
202006 419.564 108.767 520.472
202009 414.902 109.815 509.779
202012 323.645 109.897 397.358
202103 331.647 111.754 400.414
202106 288.211 114.631 339.238
202109 299.041 115.734 348.631
202112 246.183 117.630 282.384
202203 34.142 121.301 37.977
202206 90.980 125.017 98.192
202209 137.732 125.227 148.401
202212 133.661 125.222 144.020
202303 180.419 127.348 191.156
202306 217.336 128.729 227.800
202309 249.223 129.860 258.948
202312 197.578 129.419 205.986
202403 155.521 131.776 159.239
202406 202.135 132.554 205.753
202409 275.737 133.029 279.670
202412 228.248 133.157 231.281
202503 236.183 134.927 236.183

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Amgen  (MEX:AMG N) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Amgen Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Amgen's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Amgen Business Description

Industry
Address
One Amgen Center Drive, Thousand Oaks, CA, USA, 91320-1799
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.

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