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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

How has TMO's PE ratio performed in the past

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.

Average
31.3
Median
31.02
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
33.1
5-year avg
31.73
10-year avg
31.3
15-year avg
28.14

TMO PE vs peers

What is TMO's PE ratio compared to its 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.