TMO Thermo Fisher Scientific PE ratio, current and historical analysis
As of Nov 21, 2024, the Thermo Fisher Scientific stock's P/E ratio is 32.28. This takes into account the latest EPS of $15.99 and stock price of $516.1. The PE ratio has decreased by 10% from its last 4 quarters average of 36.0.
TMO PE ratio history
The PE ratio of Thermo Fisher Scientific has averaged 31.48 over the last ten years. The current price-to-earnings ratio of 32.28 is 2.5% more 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: 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 5 and 10-year averages, but it is under its 3-year average.
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 42.01.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BRKR Bruker Corp | 27.03 | $8.52B |
| A Agilent Technologies Inc | 27.29 | $37.94B |
| GE General Electric Co | 31.13 | $193.41B |
| TMO Thermo Fisher Scientific Inc | 32.28 | $197.41B |
| WAT Waters Corp | 35.06 | $21.88B |
| TFX Teleflex Inc | 37.68 | $8.85B |
| DHR Danaher Corp | 44.43 | $169.77B |
| BDX Becton Dickinson & Co | 46.48 | $65.16B |
| ISRG Intuitive Surgical Inc | 86.99 | $196.12B |
| BAX Baxter International Inc | 157.1 | $16.84B |
| BIO Bio-Rad Laboratories Inc | N/A | $9.12B |
Frequently asked questions
What is Thermo Fisher Scientific's PE ratio?
The price to earnings ratio for TMO stock as of Nov 21, 2024, stands at 32.28.
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 33.55.
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 32.07.
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 2.5% 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 (Nov 21, 2024), Thermo Fisher Scientific's share price is $516.1. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $15.99. Therefore, Thermo Fisher Scientific's price to earnings ratio for today is 32.28. PE RATIO(32.28) = STOCK PRICE($516.1) / TTM EPS($15.99)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.