Basis: Current FMP quote-based enterprise value / four-quarter operating cash flow less absolute capital expenditures. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/FCF ratio high or low?
The EV/FCF ratio of 37.83x is in line with its estimated 5-year average of 35.14x, around the middle of its estimated 5-year range (26.06x–45.47x).
As of 2026-09-16T00:06:13.733Z. 2.99% above its estimated 12-month average of 36.73x.
Calculation as of: 2026-09-16T00:06:13.733Z.
Quote observation: 2026-09-15T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: f237b0b52b32683447ca12f539f6224c298ed69e4fff050c63b4f2631b8de622
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-11.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/FCF RATIO
37.83x
EV/FCF RATIO AVG TTM
36.73x
EV/FCF RATIO AVG 3Y
33.99x
EV/FCF RATIO AVG 5Y
35.14x
EV/FCF RATIO AVG 10Y
33.74x
EV/FCF RATIO AVG 15Y
32.06x
EV/FCF RATIO AVG 20Y
28.92x
CURRENT VS TTM AVG
+2.99%
CURRENT VS 3Y AVG
+11.31%
CURRENT VS 5Y AVG
+7.66%
CURRENT VS 10Y AVG
+12.11%
CURRENT VS 15Y AVG
+17.99%
CURRENT VS 20Y AVG
+30.81%
SECTOR MEDIAN · HEALTHCARE
25.34x
median of 80 covered companies
CURRENT VS SECTOR MEDIAN
+49.26%
vs the sector median at left
Thermo Fisher Scientific Inc.
Market Cap
$238.35B
EV/FCF Ratio
37.83x
TTM Avg
36.73x
3Y Avg
33.99x
5Y Avg
35.14x
Market Cap
$181.64B
EV/FCF Ratio
15.79x
TTM Avg
18.53x
3Y Avg
16.29x
5Y Avg
14.69x
Market Cap
$176.59B
EV/FCF Ratio
25.76x
TTM Avg
28.55x
3Y Avg
34.42x
5Y Avg
30.90x
Market Cap
$147.13B
EV/FCF Ratio
30.98x
TTM Avg
31.13x
3Y Avg
32.71x
5Y Avg
30.42x
Market Cap
$341.40B
EV/FCF Ratio
16.35x
TTM Avg
19.42x
3Y Avg
30.16x
5Y Avg
26.29x
| NAME | MARKET CAP | EV/FCF RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Thermo Fisher Scientific Inc. (TMO) | $238.35B | 37.83x | 36.73x | 33.99x | 35.14x |
| AstraZeneca PLC (AZN)vs › | $251.01B | 31.84x | 34.93x | 35.01x | 37.56x |
| Amgen Inc. (AMGN)vs › | $202.74B | 24.18x | 24.49x | 25.66x | 23.02x |
| Novo Nordisk A/S (NVO)vs › | $188.86B | 27.31x | 36.22x | 44.21x | 39.67x |
| Gilead Sciences, Inc. (GILD)vs › | $181.64B | 15.79x | 18.53x | 16.29x | 14.69x |
| Abbott Laboratories (ABT)vs › | $176.59B | 25.76x | 28.55x | 34.42x | 30.90x |
| Pfizer Inc. (PFE)vs › | $157.02B | 19.96x | 20.67x | 28.57x | 21.67x |
| Danaher Corporation (DHR)vs › | $147.13B | 30.98x | 31.13x | 32.71x | 30.42x |
| UnitedHealth Group Incorporated (UNH)vs › | $341.40B | 16.35x | 19.42x | 30.16x | 26.29x |
| Intuitive Surgical, Inc. (ISRG)vs › | $133.24B | 40.49x | 66.97x | 155.66x | 123.61x |
EV/FCF
37.8x
P/FCF
32.6x
FCF Yield
3.07%
Formula: EV/FCF = Enterprise Value / Free Cash Flow
EV/FCF vs P/FCF:
EV/FCF = Enterprise Value / Free Cash Flow (TTM)
Enterprise value to free cash flow compares total company value to the cash the business generates after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/FCF RATIO |
|---|---|
| 2026-09-11 | 36.17x |
| 2026-09-10 | 35.84x |
| 2026-09-09 | 35.97x |
| 2026-09-08 | 35.83x |
| 2026-09-04 | 36.38x |
| 2026-09-03 | 36.61x |
| 2026-09-02 | 36.11x |
| 2026-09-01 | 35.70x |
| 2026-08-31 | 36.54x |
| 2026-08-28 | 36.80x |
| 2026-08-27 | 37.23x |
| 2026-08-26 | 37.39x |
| 2026-08-25 | 37.10x |
| 2026-08-24 | 37.13x |
| 2026-08-21 | 37.16x |
| 2026-08-20 | 37.07x |
| 2026-08-19 | 36.36x |
| 2026-08-18 | 35.12x |
| 2026-08-17 | 34.94x |
| 2026-08-14 | 35.08x |
| 2026-08-13 | 35.47x |
| 2026-08-12 | 35.83x |
| 2026-08-11 | 35.93x |
| 2026-08-10 | 35.66x |
| 2026-08-07 | 35.37x |
| 2026-08-06 | 34.66x |
| 2026-08-05 | 34.55x |
| 2026-08-04 | 33.89x |
| 2026-08-03 | 34.36x |
| 2026-07-31 | 37.66x |
| 2026-07-30 | 37.80x |
| 2026-07-29 | 37.78x |
| 2026-07-28 | 37.78x |
| 2026-07-27 | 36.84x |
| 2026-07-24 | 37.32x |
| 2026-07-23 | 37.55x |
| 2026-07-22 | 35.01x |
| 2026-07-21 | 34.85x |
| 2026-07-20 | 35.00x |
| 2026-07-17 | 35.35x |
| 2026-07-16 | 35.94x |
| 2026-07-15 | 35.50x |
| 2026-07-14 | 35.43x |
| 2026-07-13 | 35.13x |
| 2026-07-10 | 35.05x |
| 2026-07-09 | 34.92x |
| 2026-07-08 | 34.11x |
| 2026-07-07 | 34.47x |
| 2026-07-06 | 34.52x |
| 2026-07-02 | 34.85x |
| 2026-07-01 | 34.29x |
| 2026-06-30 | 33.63x |
| 2026-06-29 | 33.91x |
| 2026-06-26 | 34.27x |
| 2026-06-25 | 33.87x |
| 2026-06-24 | 33.12x |
| 2026-06-23 | 31.86x |
| 2026-06-22 | 31.56x |
| 2026-06-18 | 31.60x |
| 2026-06-17 | 31.43x |
| 2026-06-16 | 32.04x |
| 2026-06-15 | 32.10x |
| 2026-06-12 | 31.86x |
| 2026-06-11 | 32.21x |
| 2026-06-10 | 32.56x |
| 2026-06-09 | 33.22x |
| 2026-06-08 | 31.87x |
| 2026-06-05 | 32.05x |
| 2026-06-04 | 32.56x |
| 2026-06-03 | 32.11x |
| 2026-06-02 | 32.56x |
| 2026-06-01 | 33.22x |
| 2026-05-29 | 33.14x |
| 2026-05-28 | 32.85x |
| 2026-05-27 | 31.13x |
| 2026-05-26 | 30.69x |
| 2026-05-22 | 30.69x |
| 2026-05-21 | 30.75x |
| 2026-05-20 | 30.89x |
| 2026-05-19 | 30.67x |
| 2026-05-18 | 30.35x |
| 2026-05-15 | 30.14x |
| 2026-05-14 | 30.69x |
| 2026-05-13 | 30.57x |
| 2026-05-12 | 31.30x |
| 2026-05-11 | 30.93x |
| 2026-05-08 | 31.62x |
| 2026-05-07 | 32.14x |
| 2026-05-06 | 32.06x |
| 2026-05-05 | 31.71x |
| 2026-05-04 | 31.48x |
| 2026-05-01 | 32.80x |
| 2026-04-30 | 33.39x |
| 2026-04-29 | 32.63x |
| 2026-04-28 | 32.86x |
| 2026-04-27 | 32.73x |
| 2026-04-24 | 32.83x |
| 2026-04-23 | 32.65x |
| 2026-04-22 | 35.48x |
| 2026-04-21 | 36.12x |
| 2026-04-20 | 36.21x |
| 2026-04-17 | 36.24x |
| 2026-04-16 | 35.61x |
| 2026-04-15 | 36.54x |
| 2026-04-14 | 36.28x |
| 2026-04-13 | 35.50x |
| 2026-04-10 | 34.41x |
| 2026-04-09 | 34.67x |
| 2026-04-08 | 34.85x |
| 2026-04-07 | 34.02x |
| 2026-04-06 | 33.94x |
| 2026-04-02 | 34.14x |
| 2026-04-01 | 34.32x |
| 2026-03-31 | 34.14x |
| 2026-03-30 | 33.45x |
| 2026-03-27 | 33.05x |
| 2026-03-26 | 33.98x |
| 2026-03-25 | 34.09x |
| 2026-03-24 | 34.07x |
| 2026-03-23 | 33.34x |
| 2026-03-20 | 33.11x |
| 2026-03-19 | 32.86x |
| 2026-03-18 | 32.53x |
| 2026-03-17 | 33.01x |
| 2026-03-16 | 32.85x |
| 2026-03-13 | 32.51x |
| 2026-03-12 | 33.20x |
| 2026-03-11 | 34.39x |
| 2026-03-10 | 34.65x |
| 2026-03-09 | 35.24x |
| 2026-03-06 | 34.76x |
| 2026-03-05 | 35.78x |
| 2026-03-04 | 35.41x |
| 2026-03-03 | 35.13x |
| 2026-03-02 | 35.16x |
| 2026-02-27 | 35.91x |
| 2026-02-26 | 37.69x |
| 2026-02-25 | 37.29x |
| 2026-02-24 | 37.41x |
| 2026-02-23 | 37.46x |
| 2026-02-20 | 37.12x |
| 2026-02-19 | 37.38x |
| 2026-02-18 | 37.28x |
| 2026-02-17 | 36.54x |
| 2026-02-13 | 36.74x |
| 2026-02-12 | 37.05x |
| 2026-02-11 | 38.12x |
| 2026-02-10 | 38.90x |
| 2026-02-09 | 39.33x |
| 2026-02-06 | 39.09x |
| 2026-02-05 | 39.06x |
| 2026-02-04 | 40.48x |
| 2026-02-03 | 40.78x |
| 2026-02-02 | 41.50x |
| 2026-01-30 | 41.30x |
| 2026-01-29 | 42.14x |
| 2026-01-28 | 43.12x |
| 2026-01-27 | 44.11x |
| 2026-01-26 | 44.27x |
| 2026-01-23 | 44.23x |
| 2026-01-22 | 45.07x |
| 2026-01-21 | 44.87x |
| 2026-01-20 | 43.80x |
| 2026-01-16 | 43.79x |
| 2026-01-15 | 44.15x |
| 2026-01-14 | 43.98x |
| 2026-01-13 | 43.07x |
| 2026-01-12 | 43.58x |
| 2026-01-09 | 43.79x |
| 2026-01-08 | 43.03x |
| 2026-01-07 | 43.69x |
| 2026-01-06 | 43.91x |
| 2026-01-05 | 43.32x |
| 2026-01-02 | 42.16x |
| 2025-12-31 | 41.36x |
| 2025-12-30 | 41.60x |
| 2025-12-29 | 41.70x |
| 2025-12-26 | 41.44x |
| 2025-12-24 | 41.34x |
| 2025-12-23 | 41.39x |
| 2025-12-22 | 41.12x |
| 2025-12-19 | 40.64x |
| 2025-12-18 | 40.30x |
| 2025-12-17 | 40.31x |
| 2025-12-16 | 40.78x |
| 2025-12-15 | 41.14x |
| 2025-12-12 | 40.91x |
| 2025-12-11 | 41.32x |
| 2025-12-10 | 41.01x |
| 2025-12-09 | 40.34x |
| 2025-12-08 | 40.66x |
| 2025-12-05 | 40.94x |
| 2025-12-04 | 41.10x |
| 2025-12-03 | 41.42x |
| 2025-12-02 | 41.41x |
| 2025-12-01 | 41.71x |
| 2025-11-28 | 42.06x |
| 2025-11-26 | 42.21x |
| 2025-11-25 | 42.49x |
| 2025-11-24 | 41.77x |
| 2025-11-21 | 41.85x |
| 2025-11-20 | 40.94x |
| 2025-11-19 | 41.01x |
| 2025-11-18 | 41.15x |
| 2025-11-17 | 40.60x |
| 2025-11-14 | 41.31x |
| 2025-11-13 | 41.40x |
| 2025-11-12 | 41.89x |
| 2025-11-11 | 41.79x |
| 2025-11-10 | 41.16x |
| 2025-11-07 | 40.92x |
| 2025-11-06 | 40.52x |
| 2025-11-05 | 40.63x |
| 2025-11-04 | 40.48x |
| 2025-11-03 | 40.46x |
| 2025-10-31 | 39.73x |
| 2025-10-30 | 39.04x |
| 2025-10-29 | 39.17x |
| 2025-10-28 | 39.13x |
| 2025-10-27 | 39.51x |
| 2025-10-24 | 40.04x |
| 2025-10-23 | 40.01x |
| 2025-10-22 | 39.72x |
| 2025-10-21 | 39.15x |
| 2025-10-20 | 38.29x |
| 2025-10-17 | 37.98x |
| 2025-10-16 | 37.85x |
| 2025-10-15 | 37.31x |
| 2025-10-14 | 37.18x |
| 2025-10-13 | 37.11x |
| 2025-10-10 | 37.12x |
| 2025-10-09 | 37.72x |
| 2025-10-08 | 37.82x |
| 2025-10-07 | 38.00x |
| 2025-10-06 | 38.29x |
| 2025-10-03 | 38.25x |
| 2025-10-02 | 37.13x |
| 2025-10-01 | 37.48x |
| 2025-09-30 | 34.68x |
| 2025-09-29 | 33.27x |
| 2025-09-26 | 33.41x |
| 2025-09-25 | 33.10x |
| 2025-09-24 | 33.64x |
| 2025-09-23 | 33.75x |
| 2025-09-22 | 34.07x |
| 2025-09-19 | 34.35x |
| 2025-09-18 | 34.44x |
| 2025-09-17 | 33.92x |
| 2025-09-16 | 34.42x |
| 2025-09-15 | 34.04x |
| 2025-09-12 | 34.34x |
| 2025-09-11 | 35.07x |
| 2025-09-10 | 34.16x |
| 2025-09-09 | 34.52x |
| 2025-09-08 | 34.84x |
| 2025-09-05 | 35.15x |
| 2025-09-04 | 34.96x |
| 2025-09-03 | 34.65x |
| 2025-09-02 | 34.84x |
| 2025-08-29 | 35.15x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
