As of Jul 25, 2024, the Thermo Fisher Scientific stock's P/E ratio is 37.99. This takes into account the latest EPS of $15.65 and stock price of $594.5. The PE ratio has increased by 9% from its last 4 quarters average of 34.9.
The PE ratio of Thermo Fisher Scientific has averaged 31.17 over the last ten years. The current price-to-earnings ratio of 37.99 is 22% 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.
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% |
Currently, TMO's PE ratio is above its 3, 5 and 10-year averages.
When compared to its peers DHR and GE, TMO's PE ratio is lower, but it is higher than A's and WAT's. Thermo Fisher Scientific's current PE ratio of 37.99 is in line with the average of its peers, which is 37.64.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BAX Baxter International Inc | 6.79 | $18.1B |
| BRKR Bruker Corp | 24.31 | $9.71B |
| WAT Waters Corp | 31.14 | $18.86B |
| A Agilent Technologies Inc | 32.31 | $40.06B |
| TFX Teleflex Inc | 35.14 | $10.38B |
| TMO Thermo Fisher Scientific Inc | 38.79 | $231.76B |
| GE General Electric Co | 39.77 | $184.13B |
| DHR Danaher Corp | 48.14 | $197.82B |
| BDX Becton Dickinson & Co | 52.27 | $68.58B |
| ISRG Intuitive Surgical Inc | 74.55 | $156.83B |
| BIO Bio-Rad Laboratories Inc | N/A | $9.11B |
The price to earnings ratio for TMO stock as of Jul 25, 2024, stands at 37.99.
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 highest quarterly PE ratio in the last ten years has been 38.2 and it was in the Sep 2018 quarter.
TMO's price to earnings ratio is currently 22% 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 (Jul 25, 2024), Thermo Fisher Scientific's share price is $594.5. 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 37.99. PE RATIO(37.99) = STOCK PRICE($594.5) / TTM EPS($15.65)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.