Fair value (multi-method)
Four independent methods triangulate what AMGN is worth. The headline is the Forward-DCF intrinsic value at a normalized growth rate; the margin of safety compares it to the current price.
Estimated fair value (Forward DCF)
$364.92
Method range
$35.91 – $478.21
median $360.16
Valuation methods
Each method’s implied fair value per share and its upside versus the current price. Missing methods (no analyst coverage, negative earnings, etc.) are shown as “—”.
| Method | Fair value | Upside vs price |
|---|---|---|
| Forward DCF | $364.92 | -0.31% |
| Exit multiple | $478.21 | +30.64% |
| Analyst target | $355.40 | -2.91% |
| Graham number | $35.91 | -90.19% |
- Forward DCF$364.92
- Exit multiple$478.21
- Analyst target$355.40
- Graham number$35.91
Stock price
$366.05
FCF / share (TTM)
$2.74
3Y FCF CAGR
0.5%
Fair value @ hist. growth
$57.04
This analysis is for informational purposes only and is not financial advice. Scenario prices and DCF-style figures depend on your assumptions and data from public filings and estimates. They are not forecasts of future returns.
Implied FCF growth
23.9%
per year over your projection horizon
Margin of safety -541.8% vs hist-growth DCF
Historical 3Y CAGR
0.5%
Your model implies
23.9%
Analyst consensus is EPS-only — no comparable FCF / share estimate to show on this basis.
Model inputs
Move sliders to test how the reverse DCF reacts. Historical-growth markers show where the company has actually grown over the last cycle.
Undiscounted FCF per share over 10 years at 1% annual growth.
Sensitivity — implied growth vs your assumptions
Each cell shows the per-share growth rate the market would need to justify the current price at that combination of discount rate (rows) and terminal growth (columns). Your selected inputs are highlighted.
| Row axis: discount rate. Column axis: terminal growth.Terminal g →↓ Discount | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% |
|---|---|---|---|---|---|
| 5.0% | 20.1% | 18.4% | 16.4% | 14.0% | 11.0% |
| 5.7% | 22.8% | 21.4% | 19.8% | 17.9% | 15.7% |
| 6.7% | 26.3% | 25.1% | 23.9% | 22.4% | 20.8% |
| 7.7% | 29.3% | 28.4% | 27.3% | 26.2% | 24.9% |
| 8.7% | 32.1% | 31.3% | 30.4% | 29.5% | 28.4% |
Historical multiples
Each bar is the trailing five-year range (low left, high right). Filled portion runs from low to today; the dot marks today; the small tick marks the five-year median. Low, median, and high are listed under each bar.
PEG
0.72
Low vs growth
Net debt
$45.5B
Total debt − cash
Beta
0.40
Vs market benchmark
Frequently asked questions
Amgen (AMGN) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
- Buybacks
- Dividend Profile2.68% yield
- Dividend Calculator
- Dividend Forecast
- Dividend Capture
- Stock Split History5 splits
How this company returns cash to shareholders — buybacks, dividends, and stock splits.