As of Oct 2, 2023, the Thermo Fisher Scientific stock's P/E ratio is 33.68. This takes into account the latest EPS of $14.72 and stock price of $495.79. The PE ratio has increased by 2% from its last 4 quarters average of 33.0.
The PE ratio of Thermo Fisher Scientific has averaged 30.84 over the last ten years. The current price-to-earnings ratio of 33.68 is 9% more than the historical average. Analyzing the last ten years, TMO's PE ratio reached its highest point in the Sep 2018 quarter at 38.2, when the price was $244.08 and the EPS was $6.39. The lowest point was recorded in the Apr 2021 quarter, when it reached 22.78 with a price of $456.3 and an EPS of $20.03.
Maximum annual increase: 60.18% in 2013
Maximum annual decrease: -17.66% in 2020
| Year | PE ratio | Change |
|---|---|---|
| 2022 | 31.02 | -8.79% |
| 2021 | 34.01 | 17.48% |
| 2020 | 28.95 | -17.66% |
| 2019 | 35.16 | 14.86% |
| 2018 | 30.61 | -9.09% |
| 2017 | 33.67 | 22.17% |
| 2016 | 27.56 | -3.64% |
| 2015 | 28.6 | 8.66% |
| 2014 | 26.32 | -16.55% |
| 2013 | 31.54 | 60.18% |
Currently, TMO's PE ratio is above its 3, 5 and 10-year averages.
When compared to its peers ISRG and BDX, TMO's PE ratio is lower, but it is higher than DHR's and GE's. Thermo Fisher Scientific's PE ratio is trading above the peer average of 32.9.
| Stock name | PE ratio | Market cap |
|---|---|---|
| GE General Electric Co | 12.76 | $117.33B |
| WAT Waters Corp | 23.54 | $15.85B |
| TFX Teleflex Inc | 24.92 | $9.18B |
| DHR Danaher Corp | 25.03 | $159.48B |
| BRKR Bruker Corp | 28.38 | $9.04B |
| A Agilent Technologies Inc | 28.95 | $32.44B |
| TMO Thermo Fisher Scientific Inc | 33.94 | $192.79B |
| BDX Becton Dickinson & Co | 46.63 | $75.22B |
| ISRG Intuitive Surgical Inc | 71.44 | $101.66B |
| BIO Bio-Rad Laboratories Inc | N/A | $10.18B |
| BAX Baxter International Inc | N/A | $18.64B |
The price to earnings ratio for TMO stock as of Oct 2, 2023, stands at 33.68.
As an average over the last 3 years, TMO stock has a PE ratio of 29.76.
As an average over the last 5 years, TMO stock has a PE ratio of 31.31.
The highest quarterly PE ratio in the last ten years has been 38.2 and it was in the Sep 2018 quarter.
TMO's price to earnings ratio is currently 9% above its 10-year historical average.
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Oct 2, 2023), Thermo Fisher Scientific's share price is $495.79. The company's earnings per share for the trailing twelve months (TTM) ending Jul 2023 is $14.72. Therefore, Thermo Fisher Scientific's price to earnings ratio for today is 33.68. PE RATIO(33.68) = STOCK PRICE($495.79) / TTM EPS($14.72)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.