In the current session, Amgen Inc. (NASDAQ:AMGN) is trading at $262.34, after a 0.18% drop. Over the past month, the stock decreased by 3.61%, and in the past year, by 7.54%. With performance like this, long-term shareholders are more likely to start looking into the company's price-to-earnings ratio.
A Look at Amgen P/E Relative to Its Competitors
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data ...