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TMO Thermo Fisher Scientific PE ratio, current and historical analysis

As of Apr 23, 2024, the Thermo Fisher Scientific stock's P/E ratio is 37.02. This takes into account the latest EPS of $15.52 and stock price of $574.59. The PE ratio has increased by 6% from its last 4 quarters average of 35.0.

TMO PE ratio history

How has TMO's PE ratio performed in the past

The PE ratio of Thermo Fisher Scientific has averaged 30.99 over the last ten years. The current price-to-earnings ratio of 37.02 is 19% 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.

Average
30.99
Median
30.61
Minimum
22.78
Maximum
38.2

Thermo Fisher Scientific PE ratio by year

Maximum annual increase: 22.17% in 2017

Maximum annual decrease: -17.66% in 2020

Year PE ratio Change
2023 34.2 10.25%
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%

TMO average PE ratio chart

What is the average PE ratio of TMO for the past years

Currently, TMO's PE ratio is above its 3, 5 and 10-year averages.

3-year avg
31.16
5-year avg
31.41
10-year avg
30.99
15-year avg
27.64

TMO PE vs peers

What is TMO's PE ratio compared to its peers

When compared to its peers DHR and ISRG, TMO's PE ratio is lower, but it is higher than GE's and A's. Thermo Fisher Scientific's PE ratio is trading above the peer average of 34.06.

Stock name PE ratio Market cap
BAX Baxter International Inc 7.77 $20.71B
TFX Teleflex Inc 27.99 $9.98B
BRKR Bruker Corp 28.15 $11.32B
WAT Waters Corp 28.32 $18.23B
A Agilent Technologies Inc 32.64 $40.36B
TMO Thermo Fisher Scientific Inc 37.12 $219.65B
DHR Danaher Corp 42.02 $185.48B
GE General Electric Co 51.6 $174.51B
BDX Becton Dickinson & Co 55.27 $67.55B
ISRG Intuitive Surgical Inc 66.39 $132.81B
BIO Bio-Rad Laboratories Inc N/A $7.96B

Frequently asked questions

What is Thermo Fisher Scientific's PE ratio?

The price to earnings ratio for TMO stock as of Apr 23, 2024, stands at 37.02.

What is the 3-year average PE ratio for Thermo Fisher Scientific (TMO)?

As an average over the last 3 years, TMO stock has a PE ratio of 31.16.

What is the 5-year average PE ratio for Thermo Fisher Scientific (TMO)?

As an average over the last 5 years, TMO stock has a PE ratio of 31.41.

What is the highest PE ratio for TMO?

The highest quarterly PE ratio in the last ten years has been 38.2 and it was in the Sep 2018 quarter.

How does the current PE ratio for TMO compare to its historical average?

TMO's price to earnings ratio is currently 19% above its 10-year historical average.

How is TMO's PE ratio calculated (Thermo Fisher Scientific PE ratio formula)?

The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Apr 23, 2024), Thermo Fisher Scientific's share price is $574.59. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $15.52. Therefore, Thermo Fisher Scientific's price to earnings ratio for today is 37.02. PE RATIO(37.02) = STOCK PRICE($574.59) / TTM EPS($15.52)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.