Back to TMO overview
#
TMO Thermo Fisher Scientific
PE ratio, current and historical analysis

## TMO PE ratio history

### Thermo Fisher Scientific PE ratio by year

## TMO average PE ratio chart

## TMO PE vs peers

## Frequently asked questions

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What is Thermo Fisher Scientific's PE ratio?

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

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

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What is the highest PE ratio for TMO?

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

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

As of Aug 2, 2024, the Thermo Fisher Scientific stock's P/E ratio is 39.34. This takes into account the latest EPS of $15.65 and stock price of $615.69. The PE ratio has increased by 13% from its last 4 quarters average of 34.9.

How has TMO's PE ratio performed in the past

The PE ratio of Thermo Fisher Scientific has averaged 31.17 over the last ten years. The current price-to-earnings ratio of 39.34 is 26% 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

31.17

Median

30.66

Minimum

22.78

Maximum

38.2

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% |

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

32.39

5-year avg

31.62

10-year avg

31.17

15-year avg

27.92

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 current PE ratio of 39.34 is in line with the average of its peers, which is 38.64.

Stock name | PE ratio | Market cap |
---|---|---|

BAX Baxter International Inc | 6.74 | $17.97B |

BRKR Bruker Corp | 23.96 | $9.57B |

A Agilent Technologies Inc | 32.72 | $40.57B |

WAT Waters Corp | 34.46 | $20.52B |

GE General Electric Co | 37.54 | $173.79B |

TFX Teleflex Inc | 37.82 | $11.17B |

TMO Thermo Fisher Scientific Inc | 39.34 | $235.02B |

DHR Danaher Corp | 48.64 | $199.87B |

BDX Becton Dickinson & Co | 49.87 | $69.91B |

ISRG Intuitive Surgical Inc | 75.97 | $159.81B |

BIO Bio-Rad Laboratories Inc | N/A | $9.58B |

The price to earnings ratio for TMO stock as of Aug 2, 2024, stands at 39.34.

As an average over the last 3 years, TMO stock has a PE ratio of 32.39.

As an average over the last 5 years, TMO stock has a PE ratio of 31.62.

The current PE of 39.34 represents the highest historical value in the last ten years.

TMO's price to earnings ratio is currently 26% 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 (Aug 2, 2024), Thermo Fisher Scientific's share price is $615.69. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $15.65. Therefore, Thermo Fisher Scientific's price to earnings ratio for today is 39.34. `PE RATIO(39.34) = STOCK PRICE($615.69) / TTM EPS($15.65)`

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