Is Amgen Really as Cheap as It Looks?
You might have run across headlines in recent months about how Amgen (NASDAQ: AMGN) is too cheap of a stock to ignore. I've seen several articles that trumpeted the big biotech's attractive valuation.
If you look at Amgen's forward price-to-earnings (P/E) ratio of 12.4, the stock indeed does appear to be trading at an appealing valuation. But is Amgen really as cheap as it looks? I don't think so.
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Source Fool.com


