TMO Thermo Fisher Scientific PE ratio, current and historical analysis
- Stocks
- Healthcare
- NYSE: TMO
- PE Ratio
As of May 9, 2025, the Thermo Fisher Scientific stock's P/E ratio is 23.59. This takes into account the latest EPS of $17.09 and stock price of $403.13. The PE ratio has decreased by 29% from its last 4 quarters average of 33.3.
TMO PE ratio history
The PE ratio of Thermo Fisher Scientific has averaged 31.57 over the last ten years. The current price-to-earnings ratio of 23.59 is 25% 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 |
|---|---|---|---|---|
| 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 |
| Oct 2021 | 26.38 | 11.83% | $572.72 | $21.71 |
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 peer stocks GE and ISRG, TMO's PE ratio is lower. Thermo Fisher Scientific's PE ratio is trading below the peer average of 43.17.
| Stock name | PE ratio | Market cap |
|---|---|---|
| TMO Thermo Fisher Scientific Inc | 25.22 | $162.68B |
| A Agilent Technologies Inc | 26.33 | $32.8B |
| WAT Waters Corp | 33.13 | $21.81B |
| BDX Becton Dickinson & Co | 33.5 | $49.73B |
| GE General Electric Co | 33.61 | $232.27B |
| DHR Danaher Corp | 38.47 | $142.9B |
| TFX Teleflex Inc | 39.6 | $5.7B |
| BRKR Bruker Corp | 77.81 | $6.13B |
| ISRG Intuitive Surgical Inc | 80.12 | $199.57B |
| BIO Bio-Rad Laboratories Inc | N/A | $6.92B |
| BAX Baxter International Inc | N/A | $16.36B |
Frequently asked questions
What is Thermo Fisher Scientific's PE ratio?
The price to earnings ratio for TMO stock as of May 9, 2025, stands at 23.59.
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 33.22.
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 31.85.
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 25% 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 (May 9, 2025), Thermo Fisher Scientific's share price is $403.13. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $17.09. Therefore, Thermo Fisher Scientific's price to earnings ratio for today is 23.59. PE RATIO(23.59) = STOCK PRICE($403.13) / TTM EPS($17.09)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.