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TMO Thermo Fisher Scientific PE ratio, current and historical analysis

As of Oct 2, 2023, the Thermo Fisher Scientific stock's P/E ratio is 33.68. This takes into account the latest EPS of $14.72 and stock price of $495.79. The PE ratio has increased by 2% from its last 4 quarters average of 33.0.

TMO PE ratio history

How has TMO's PE ratio performed in the past

The PE ratio of Thermo Fisher Scientific has averaged 30.84 over the last ten years. The current price-to-earnings ratio of 33.68 is 9% 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: 60.18% in 2013

Maximum annual decrease: -17.66% in 2020

Year PE ratio Change
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%
2013 31.54 60.18%

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
5-year avg
10-year avg
15-year avg

TMO PE vs peers

What is TMO's PE ratio compared to its peers

When compared to its peers ISRG and BDX, TMO's PE ratio is lower, but it is higher than DHR's and GE's. Thermo Fisher Scientific's PE ratio is trading above the peer average of 32.9.

Stock name PE ratio Market cap
GE General Electric Co 12.76 $117.33B
WAT Waters Corp 23.54 $15.85B
TFX Teleflex Inc 24.92 $9.18B
DHR Danaher Corp 25.03 $159.48B
BRKR Bruker Corp 28.38 $9.04B
A Agilent Technologies Inc 28.95 $32.44B
TMO Thermo Fisher Scientific Inc 33.94 $192.79B
BDX Becton Dickinson & Co 46.63 $75.22B
ISRG Intuitive Surgical Inc 71.44 $101.66B
BIO Bio-Rad Laboratories Inc N/A $10.18B
BAX Baxter International Inc N/A $18.64B

Frequently asked questions

What is Thermo Fisher Scientific's PE ratio?

The price to earnings ratio for TMO stock as of Oct 2, 2023, stands at 33.68.

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 29.76.

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 31.31.

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 9% 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 2, 2023), Thermo Fisher Scientific's share price is $495.79. The company's earnings per share for the trailing twelve months (TTM) ending Jul 2023 is $14.72. Therefore, Thermo Fisher Scientific's price to earnings ratio for today is 33.68. PE RATIO(33.68) = STOCK PRICE($495.79) / TTM EPS($14.72)

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