TMO Thermo Fisher Scientific PE ratio, current and historical analysis
As of Oct 29, 2024, the Thermo Fisher Scientific stock's P/E ratio is 33.88. This takes into account the latest EPS of $16.17 and stock price of $547.82. The PE ratio has decreased by 2.2% from its last 4 quarters average of 34.6.
TMO PE ratio history
The PE ratio of Thermo Fisher Scientific has averaged 31.3 over the last ten years. The current price-to-earnings ratio of 33.88 is 8% 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.
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
Currently, TMO's PE ratio is above its 3, 5 and 10-year averages.
TMO PE vs peers
When compared to its peers ISRG and DHR, TMO's PE ratio is lower, but it is higher than GE's and A's. Thermo Fisher Scientific's PE ratio is trading below the peer average of 37.77.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BAX Baxter International Inc | 7.37 | $18.38B |
| BRKR Bruker Corp | 24.29 | $8.86B |
| A Agilent Technologies Inc | 27.34 | $38.02B |
| GE General Electric Co | 30.59 | $190.03B |
| WAT Waters Corp | 32.95 | $19.62B |
| TMO Thermo Fisher Scientific Inc | 34.18 | $211.11B |
| TFX Teleflex Inc | 42.12 | $11.11B |
| DHR Danaher Corp | 45.85 | $175.18B |
| BDX Becton Dickinson & Co | 48.76 | $68.36B |
| ISRG Intuitive Surgical Inc | 81.11 | $182.88B |
| BIO Bio-Rad Laboratories Inc | N/A | $9.25B |
Frequently asked questions
What is Thermo Fisher Scientific's PE ratio?
The price to earnings ratio for TMO stock as of Oct 29, 2024, stands at 33.88.
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 33.1.
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 31.73.
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 8% 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 (Oct 29, 2024), Thermo Fisher Scientific's share price is $547.82. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $16.17. Therefore, Thermo Fisher Scientific's price to earnings ratio for today is 33.88. PE RATIO(33.88) = STOCK PRICE($547.82) / TTM EPS($16.17)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.