TMO Thermo Fisher Scientific PE ratio, current and historical analysis
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- Healthcare
- NYSE: TMO
- PE Ratio
As of Aug 6, 2025, the Thermo Fisher Scientific stock's P/E ratio is 25.92. This takes into account the latest EPS of $17.32 and stock price of $448.94. The PE ratio has decreased by 15% from its last 4 quarters average of 30.7.
TMO PE ratio history
The PE ratio of Thermo Fisher Scientific has averaged 31.49 over the last ten years. The current price-to-earnings ratio of 25.92 is 18% less than the historical average. Analyzing the last ten years, TMO's PE ratio reached its highest point in the Sep 2024 quarter at 38.43, when the price was $614.42 and the EPS was $15.99. 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.
Thermo Fisher Scientific PE ratio by year
Maximum annual increase: 60.18% in 2013
Maximum annual decrease: -40.16% in 2011
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 31.38 | -8.25% | $520.23 | $16.58 |
| 2023 | 34.2 | 10.25% | $530.79 | $15.52 |
| 2022 | 31.02 | -8.79% | $550.69 | $17.75 |
| 2021 | 34.01 | 17.48% | $667.24 | $19.62 |
| 2020 | 28.95 | -17.66% | $465.78 | $16.09 |
| 2019 | 35.16 | 14.86% | $324.87 | $9.24 |
| 2018 | 30.61 | -9.09% | $223.79 | $7.31 |
| 2017 | 33.67 | 22.17% | $189.88 | $5.64 |
| 2016 | 27.56 | -3.64% | $141.1 | $5.12 |
| 2015 | 28.6 | 8.66% | $141.85 | $4.96 |
| 2014 | 26.32 | -16.55% | $125.29 | $4.76 |
| 2013 | 31.54 | 60.18% | $111.35 | $3.53 |
| 2012 | 19.69 | 52.75% | $63.78 | $3.24 |
| 2011 | 12.89 | -40.16% | $44.97 | $3.49 |
| 2010 | 21.54 | -6.95% | $55.36 | $2.57 |
Thermo Fisher Scientific PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jun 2025 | 23.57 | -19.47% | $408.28 | $17.32 |
| Mar 2025 | 29.27 | -6.72% | $500.16 | $17.09 |
| Dec 2024 | 31.38 | -18.35% | $520.23 | $16.58 |
| Sep 2024 | 38.43 | 12.37% | $614.42 | $15.99 |
| Jun 2024 | 34.2 | -7.92% | $553 | $16.17 |
| Mar 2024 | 37.14 | 8.6% | $581.21 | $15.65 |
| Dec 2023 | 34.2 | 3.64% | $530.79 | $15.52 |
| Sep 2023 | 33 | -6.88% | $506.17 | $15.34 |
| Jul 2023 | 35.44 | -5.06% | $521.75 | $14.72 |
| Apr 2023 | 37.33 | 20.34% | $576.37 | $15.44 |
| Dec 2022 | 31.02 | 9.73% | $550.69 | $17.75 |
| Oct 2022 | 28.27 | -2.28% | $507.19 | $17.94 |
| Jul 2022 | 28.93 | -5.49% | $548.27 | $18.95 |
| Apr 2022 | 30.61 | -10% | $592.34 | $19.35 |
| Dec 2021 | 34.01 | 28.92% | $667.24 | $19.62 |
TMO Price vs fair value
TMO average PE ratio chart
Currently, TMO's PE ratio is under its 3, 5 and 10-year averages.
TMO PE vs peers
When compared to its peers GE and ISRG, TMO's PE ratio is lower, but it is higher than WAT's and BIO's. Thermo Fisher Scientific's PE ratio is trading below the peer average of 37.44.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BIO Bio-Rad Laboratories Inc | 22.29 | $7.15B |
| WAT Waters Corp | 24.95 | $16.53B |
| TFX Teleflex Inc | 25.88 | $4.95B |
| TMO Thermo Fisher Scientific Inc | 25.92 | $169.53B |
| A Agilent Technologies Inc | 27.82 | $32.16B |
| BDX Becton Dickinson & Co | 33.28 | $49.41B |
| GE General Electric Co | 37.66 | $288.74B |
| DHR Danaher Corp | 41.26 | $139.75B |
| BRKR Bruker Corp | 58.96 | $4.65B |
| ISRG Intuitive Surgical Inc | 64.85 | $169.94B |
| BAX Baxter International Inc | N/A | $11.55B |
Frequently asked questions
What is Thermo Fisher Scientific's PE ratio?
The price to earnings ratio for TMO stock as of Aug 6, 2025, stands at 25.92.
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 32.77.
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 31.14.
What is the highest PE ratio for TMO?
The highest quarterly PE ratio in the last ten years has been 38.43 and it was in the Sep 2024 quarter.
How does the current PE ratio for TMO compare to its historical average?
TMO's price to earnings ratio is currently 18% below 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 (Aug 6, 2025), Thermo Fisher Scientific's share price is $448.94. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2025 is $17.32. Therefore, Thermo Fisher Scientific's price to earnings ratio for today is 25.92. PE RATIO(25.92) = STOCK PRICE($448.94) / TTM EPS($17.32)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.