Thermo Fisher Scientific (TMO) PE Ratio: History & Chart

Thermo Fisher Scientific Inc.(TMO)

Medical - Diagnostics & Research · Waltham, MA

$647.61+6.22 (+0.97%)

Delayed quote: Sep 16, 2026, 12:55 PM EDT

About Thermo Fisher Scientific Inc.

Thermo Fisher Scientific Inc. is a global leader in scientific services, providing a comprehensive range of offerings that include life sciences solutions, advanced analytical instruments, specialized diagnostic products, and an extensive portfolio of laboratory supplies and biopharmaceutical services. The company's reach extends across North America, Europe, Asia-Pacific, and other international markets. Its Life Sciences Solutions division furnishes researchers with essential reagents, state-of-the-art instruments, and consumables vital for biological and medical exploration, the development and manufacturing of therapeutics and vaccines, and the detection of infections and various diseases. This segment encompasses bioscience, genetic science, and bioproduction technologies, serving a broad spectrum of clients in the pharmaceutical, biotechnology, agricultural, clinical, healthcare, academic, and governmental sectors. The Analytical Instruments segment delivers a variety of precision instruments, consumables, software, and support services to pharmaceutical, biotechnology, academic, governmental, environmental, and industrial research environments, as well as clinical laboratories. The Specialty Diagnostics segment offers an array of diagnostic tools, including liquid, ready-to-use, and lyophilized immunodiagnostic reagent kits, alongside calibrators, controls, protein detection assays, and accompanying instruments. This also features the creation and distribution of complete blood test systems to aid in the clinical diagnosis and monitoring of allergies, asthma, and autoimmune diseases. Furthermore, it provides dehydrated and prepared culture media, specimen collection and transport systems, related instrumentation and consumables, human leukocyte antigen (HLA) typing and testing crucial for the organ transplant sector, and other healthcare products. Lastly, the Laboratory Products and Biopharma Services segment supplies laboratory equipment, serves the research and safety markets through its channels, and offers extensive pharmaceutical services, encompassing clinical research support. The company's products and services are distributed through a dedicated direct sales team, customer service professionals, online commerce platforms, and a network of third-party distributors. Its recognized brands include Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Unity Lab Services, Patheon, and PPD. Thermo Fisher Scientific Inc. was established in 1956 and is headquartered in Waltham, Massachusetts.

Waltham, MA

125,000 employees

www.thermofisher.com

Healthcare / Medical - Diagnostics & Research

Sector: Healthcare
Industry: Medical - Diagnostics & Research
CEO: Marc N. Casper

View full financials

TMO PE Ratio Metrics

PE RATIO

34.84

PE RATIO AVG TTM

30.25

PE RATIO AVG 3Y

32.10

PE RATIO AVG 5Y

31.42

PE RATIO AVG 10Y

33.03

PE RATIO AVG 15Y

31.25

PE RATIO AVG 20Y

29.36

CURRENT VS TTM AVG

+15.19%

CURRENT VS 3Y AVG

+8.55%

CURRENT VS 5Y AVG

+10.88%

CURRENT VS 10Y AVG

+5.47%

CURRENT VS 15Y AVG

+11.49%

CURRENT VS 20Y AVG

+18.67%

SECTOR MEDIAN · HEALTHCARE

27.68

median of 75 covered companies

CURRENT VS SECTOR MEDIAN

+25.87%

vs the sector median at left

NAME	MARKET CAP	PE RATIO	TTM	3Y	5Y
Thermo Fisher Scientific Inc. (TMO)	$240.66B	34.84	30.25	32.10	31.42
AstraZeneca PLC (AZN)vs ›	$253.46B	24.54	28.94	33.89	64.76
Amgen Inc. (AMGN)vs ›	$203.74B	23.46	25.13	30.39	26.60
Novo Nordisk A/S (NVO)vs ›	$186.25B	10.34	12.78	27.69	31.11
Gilead Sciences, Inc. (GILD)vs ›	$184.26B	N/A	20.50	157.64	102.20
Abbott Laboratories (ABT)vs ›	$178.33B	33.14	22.79	27.63	27.93
Pfizer Inc. (PFE)vs ›	$156.79B	36.35	18.97	24.18	18.45
Danaher Corporation (DHR)vs ›	$147.27B	37.21	40.43	39.53	34.90
UnitedHealth Group Incorporated (UNH)vs ›	$343.42B	24.32	22.05	25.06	25.46
Intuitive Surgical, Inc. (ISRG)vs ›	$135.67B	43.69	59.34	71.86	69.88

NAME

MARKET CAP

PE RATIO

TTM

Thermo Fisher Scientific Inc. (TMO)

$240.66B

34.84

30.25

32.10

31.42

AstraZeneca PLC (AZN)vs ›

$253.46B

24.54

28.94

33.89

64.76

Amgen Inc. (AMGN)vs ›

$203.74B

23.46

25.13

30.39

26.60

Novo Nordisk A/S (NVO)vs ›

$186.25B

10.34

12.78

27.69

31.11

Gilead Sciences, Inc. (GILD)vs ›

$184.26B

N/A

20.50

157.64

102.20

Abbott Laboratories (ABT)vs ›

$178.33B

33.14

22.79

27.63

27.93

Pfizer Inc. (PFE)vs ›

$156.79B

36.35

18.97

24.18

18.45

Danaher Corporation (DHR)vs ›

$147.27B

37.21

40.43

39.53

34.90

UnitedHealth Group Incorporated (UNH)vs ›

$343.42B

24.32

22.05

25.06

25.46

Intuitive Surgical, Inc. (ISRG)vs ›

$135.67B

43.69

59.34

71.86

69.88

PE Ratio Formula & Definition

PE Ratio = Share Price / Diluted EPS (TTM)

The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.

PE Ratio FAQ

What is the P/E ratio for Thermo Fisher Scientific Inc. (TMO)?

The P/E ratio for TMO stock is 34.84.

Is Thermo Fisher Scientific Inc.'s P/E ratio high or low?

The P/E ratio of 34.84 is 11% above its 5-year average of 31.42, near the high end of its 5-year range (22.90–39.88).

What is the TTM average P/E ratio for Thermo Fisher Scientific Inc. (TMO)?

The TTM average P/E ratio for TMO stock is 30.25.

What is the 3Y average P/E ratio for Thermo Fisher Scientific Inc. (TMO)?

The 3Y average P/E ratio for TMO stock is 32.10.

What is the 5Y average P/E ratio for Thermo Fisher Scientific Inc. (TMO)?

The 5Y average P/E ratio for TMO stock is 31.42.

What is the 10Y average P/E ratio for Thermo Fisher Scientific Inc. (TMO)?

The 10Y average P/E ratio for TMO stock is 33.03.

What is the 15Y average P/E ratio for Thermo Fisher Scientific Inc. (TMO)?

The 15Y average P/E ratio for TMO stock is 31.25.

What is the 20Y average P/E ratio for Thermo Fisher Scientific Inc. (TMO)?

The 20Y average P/E ratio for TMO stock is 29.36.

DATE	PE RATIO
2026-09-11	32.80
2026-09-10	32.45
2026-09-09	32.58
2026-09-08	32.44
2026-09-04	33.02
2026-09-03	33.27
2026-09-02	32.73
2026-09-01	32.30
2026-08-31	33.20
2026-08-28	33.47
2026-08-27	33.93
2026-08-26	34.09
2026-08-25	33.79
2026-08-24	33.82
2026-08-21	33.85
2026-08-20	33.76
2026-08-19	33.00
2026-08-18	31.69
2026-08-17	31.50
2026-08-14	31.65
2026-08-13	32.05
2026-08-12	32.44
2026-08-11	32.54
2026-08-10	32.26
2026-08-07	31.95
2026-08-06	31.20
2026-08-05	31.08
2026-08-04	30.38
2026-08-03	30.88
2026-07-31	31.57
2026-07-30	31.71
2026-07-29	31.69
2026-07-28	31.69
2026-07-27	30.76
2026-07-24	31.24
2026-07-23	31.46
2026-07-22	28.94
2026-07-21	28.78
2026-07-20	28.93
2026-07-17	29.27
2026-07-16	29.86
2026-07-15	29.43
2026-07-14	29.36
2026-07-13	29.05
2026-07-10	28.97
2026-07-09	28.85
2026-07-08	28.04
2026-07-07	28.40
2026-07-06	28.46
2026-07-02	28.78
2026-07-01	28.22
2026-06-30	27.56
2026-06-29	27.84
2026-06-26	28.20
2026-06-25	27.80
2026-06-24	27.06
2026-06-23	25.80
2026-06-22	25.51
2026-06-18	25.54
2026-06-17	25.38
2026-06-16	25.98
2026-06-15	26.04
2026-06-12	25.80
2026-06-11	26.15
2026-06-10	26.50
2026-06-09	27.16
2026-06-08	25.82
2026-06-05	25.99
2026-06-04	26.50
2026-06-03	26.06
2026-06-02	26.50
2026-06-01	27.16
2026-05-29	27.08
2026-05-28	26.79
2026-05-27	25.08
2026-05-26	24.64
2026-05-22	24.64
2026-05-21	24.70
2026-05-20	24.84
2026-05-19	24.62
2026-05-18	24.30
2026-05-15	24.10
2026-05-14	24.64
2026-05-13	24.52
2026-05-12	25.25
2026-05-11	24.88
2026-05-08	25.56
2026-05-07	26.08
2026-05-06	26.00
2026-05-05	25.66
2026-05-04	25.43
2026-05-01	26.45
2026-04-30	27.00
2026-04-29	26.28
2026-04-28	26.51
2026-04-27	26.38
2026-04-24	26.48
2026-04-23	26.31
2026-04-22	28.97
2026-04-21	29.57
2026-04-20	29.65
2026-04-17	29.68
2026-04-16	29.09
2026-04-15	29.97
2026-04-14	29.72
2026-04-13	28.99
2026-04-10	27.97
2026-04-09	28.21
2026-04-08	28.38
2026-04-07	27.59
2026-04-06	27.52
2026-04-02	27.70
2026-04-01	27.88
2026-03-31	27.71
2026-03-30	27.06
2026-03-27	26.68
2026-03-26	27.56
2026-03-25	27.66
2026-03-24	27.64
2026-03-23	26.95
2026-03-20	26.74
2026-03-19	26.51
2026-03-18	26.19
2026-03-17	26.65
2026-03-16	26.49
2026-03-13	26.18
2026-03-12	26.83
2026-03-11	27.94
2026-03-10	28.19
2026-03-09	28.75
2026-03-06	28.30
2026-03-05	29.25
2026-03-04	28.90
2026-03-03	28.64
2026-03-02	28.67
2026-02-27	29.37
2026-02-26	30.05
2026-02-25	29.68
2026-02-24	29.79
2026-02-23	29.83
2026-02-20	29.52
2026-02-19	29.76
2026-02-18	29.67
2026-02-17	28.98
2026-02-13	29.16
2026-02-12	29.45
2026-02-11	30.45
2026-02-10	31.18
2026-02-09	31.59
2026-02-06	31.36
2026-02-05	31.33
2026-02-04	32.65
2026-02-03	32.93
2026-02-02	33.61
2026-01-30	33.43
2026-01-29	34.21
2026-01-28	35.13
2026-01-27	36.04
2026-01-26	36.20
2026-01-23	36.16
2026-01-22	36.94
2026-01-21	36.76
2026-01-20	35.76
2026-01-16	35.74
2026-01-15	36.09
2026-01-14	35.92
2026-01-13	35.07
2026-01-12	35.55
2026-01-09	35.75
2026-01-08	35.04
2026-01-07	35.65
2026-01-06	35.86
2026-01-05	35.31
2026-01-02	34.23
2025-12-31	33.47
2025-12-30	33.71
2025-12-29	33.80
2025-12-26	33.55
2025-12-24	33.46
2025-12-23	33.50
2025-12-22	33.26
2025-12-19	32.80
2025-12-18	32.49
2025-12-17	32.50
2025-12-16	32.94
2025-12-15	33.27
2025-12-12	33.06
2025-12-11	33.44
2025-12-10	33.15
2025-12-09	32.53
2025-12-08	32.83
2025-12-05	33.09
2025-12-04	33.23
2025-12-03	33.53
2025-12-02	33.53
2025-12-01	33.80
2025-11-28	34.13
2025-11-26	34.27
2025-11-25	34.53
2025-11-24	33.86
2025-11-21	33.94
2025-11-20	33.09
2025-11-19	33.15
2025-11-18	33.28
2025-11-17	32.76
2025-11-14	33.43
2025-11-13	33.51
2025-11-12	33.97
2025-11-11	33.88
2025-11-10	33.30
2025-11-07	33.07
2025-11-06	32.70
2025-11-05	32.79
2025-11-04	32.65
2025-11-03	32.63
2025-10-31	32.84
2025-10-30	32.19
2025-10-29	32.31
2025-10-28	32.27
2025-10-27	32.63
2025-10-24	33.13
2025-10-23	33.10
2025-10-22	32.82
2025-10-21	32.29
2025-10-20	31.47
2025-10-17	31.19
2025-10-16	31.06
2025-10-15	30.55
2025-10-14	30.43
2025-10-13	30.36
2025-10-10	30.37
2025-10-09	30.94
2025-10-08	31.03
2025-10-07	31.20
2025-10-06	31.48
2025-10-03	31.44
2025-10-02	30.38
2025-10-01	30.71
2025-09-30	28.07
2025-09-29	26.74
2025-09-26	26.87
2025-09-25	26.58
2025-09-24	27.08
2025-09-23	27.18
2025-09-22	27.49
2025-09-19	27.75
2025-09-18	27.84
2025-09-17	27.35
2025-09-16	27.82
2025-09-15	27.46
2025-09-12	27.75
2025-09-11	28.44
2025-09-10	27.58
2025-09-09	27.92
2025-09-08	28.22
2025-09-05	28.51
2025-09-04	28.33
2025-09-03	28.04
2025-09-02	28.21
2025-08-29	28.51

DATE

PE RATIO

2026-09-11

32.80

2026-09-10

32.45

2026-09-09

32.58

2026-09-08

32.44

2026-09-04

33.02

2026-09-03

33.27

2026-09-02

32.73

2026-09-01

32.30

2026-08-31

33.20

2026-08-28

33.47

2026-08-27

33.93

2026-08-26

34.09

2026-08-25

33.79

2026-08-24

33.82

2026-08-21

33.85

2026-08-20

33.76

2026-08-19

33.00

2026-08-18

31.69

2026-08-17

31.50

2026-08-14

31.65

2026-08-13

32.05

2026-08-12

32.44

2026-08-11

32.54

2026-08-10

32.26

2026-08-07

31.95

2026-08-06

31.20

2026-08-05

31.08

2026-08-04

30.38

2026-08-03

30.88

2026-07-31

31.57

2026-07-30

31.71

2026-07-29

31.69

2026-07-28

31.69

2026-07-27

30.76

2026-07-24

31.24

2026-07-23

31.46

2026-07-22

28.94

2026-07-21

28.78

2026-07-20

28.93

2026-07-17

29.27

2026-07-16

29.86

2026-07-15

29.43

2026-07-14

29.36

2026-07-13

29.05

2026-07-10

28.97

2026-07-09

28.85

2026-07-08

28.04

2026-07-07

28.40

2026-07-06

28.46

2026-07-02

28.78

2026-07-01

28.22

2026-06-30

27.56

2026-06-29

27.84

2026-06-26

28.20

2026-06-25

27.80

2026-06-24

27.06

2026-06-23

25.80

2026-06-22

25.51

2026-06-18

25.54

2026-06-17

25.38

2026-06-16

25.98

2026-06-15

26.04

2026-06-12

25.80

2026-06-11

26.15

2026-06-10

26.50

2026-06-09

27.16

2026-06-08

25.82

2026-06-05

25.99

2026-06-04

26.50

2026-06-03

26.06

2026-06-02

26.50

2026-06-01

27.16

2026-05-29

27.08

2026-05-28

26.79

2026-05-27

25.08

2026-05-26

24.64

2026-05-22

24.64

2026-05-21

24.70

2026-05-20

24.84

2026-05-19

24.62

2026-05-18

24.30

2026-05-15

24.10

2026-05-14

24.64

2026-05-13

24.52

2026-05-12

25.25

2026-05-11

24.88

2026-05-08

25.56

2026-05-07

26.08

2026-05-06

26.00

2026-05-05

25.66

2026-05-04

25.43

2026-05-01

26.45

2026-04-30

27.00

2026-04-29

26.28

2026-04-28

26.51

2026-04-27

26.38

2026-04-24

26.48

2026-04-23

26.31

2026-04-22

28.97

2026-04-21

29.57

2026-04-20

29.65

2026-04-17

29.68

2026-04-16

29.09

2026-04-15

29.97

2026-04-14

29.72

2026-04-13

28.99

2026-04-10

27.97

2026-04-09

28.21

2026-04-08

28.38

2026-04-07

27.59

2026-04-06

27.52

2026-04-02

27.70

2026-04-01

27.88

2026-03-31

27.71

2026-03-30

27.06

2026-03-27

26.68

2026-03-26

27.56

2026-03-25

27.66

2026-03-24

27.64

2026-03-23

26.95

2026-03-20

26.74

2026-03-19

26.51

2026-03-18

26.19

2026-03-17

26.65

2026-03-16

26.49

2026-03-13

26.18

2026-03-12

26.83

2026-03-11

27.94

2026-03-10

28.19

2026-03-09

28.75

2026-03-06

28.30

2026-03-05

29.25

2026-03-04

28.90

2026-03-03

28.64

2026-03-02

28.67

2026-02-27

29.37

2026-02-26

30.05

2026-02-25

29.68

2026-02-24

29.79

2026-02-23

29.83

2026-02-20

29.52

2026-02-19

29.76

2026-02-18

29.67

2026-02-17

28.98

2026-02-13

29.16

2026-02-12

29.45

2026-02-11

30.45

2026-02-10

31.18

2026-02-09

31.59

2026-02-06

31.36

2026-02-05

31.33

2026-02-04

32.65

2026-02-03

32.93

2026-02-02

33.61

2026-01-30

33.43

2026-01-29

34.21

2026-01-28

35.13

2026-01-27

36.04

2026-01-26

36.20

2026-01-23

36.16

2026-01-22

36.94

2026-01-21

36.76

2026-01-20

35.76

2026-01-16

35.74

2026-01-15

36.09

2026-01-14

35.92

2026-01-13

35.07

2026-01-12

35.55

2026-01-09

35.75

2026-01-08

35.04

2026-01-07

35.65

2026-01-06

35.86

2026-01-05

35.31

2026-01-02

34.23

2025-12-31

33.47

2025-12-30

33.71

2025-12-29

33.80

2025-12-26

33.55

2025-12-24

33.46

2025-12-23

33.50

2025-12-22

33.26

2025-12-19

32.80

2025-12-18

32.49

2025-12-17

32.50

2025-12-16

32.94

2025-12-15

33.27

2025-12-12

33.06

2025-12-11

33.44

2025-12-10

33.15

2025-12-09

32.53

2025-12-08

32.83

2025-12-05

33.09

2025-12-04

33.23

2025-12-03

33.53

2025-12-02

33.53

2025-12-01

33.80

2025-11-28

34.13

2025-11-26

34.27

2025-11-25

34.53

2025-11-24

33.86

2025-11-21

33.94

2025-11-20

33.09

2025-11-19

33.15

2025-11-18

33.28

2025-11-17

32.76

2025-11-14

33.43

2025-11-13

33.51

2025-11-12

33.97

2025-11-11

33.88

2025-11-10

33.30

2025-11-07

33.07

2025-11-06

32.70

2025-11-05

32.79

2025-11-04

32.65

2025-11-03

32.63

2025-10-31

32.84

2025-10-30

32.19

2025-10-29

32.31

2025-10-28

32.27

2025-10-27

32.63

2025-10-24

33.13

2025-10-23

33.10

2025-10-22

32.82

2025-10-21

32.29

2025-10-20

31.47

2025-10-17

31.19

2025-10-16

31.06

2025-10-15

30.55

2025-10-14

30.43

2025-10-13

30.36

2025-10-10

30.37

2025-10-09

30.94

2025-10-08

31.03

2025-10-07

31.20

2025-10-06

31.48

2025-10-03

31.44

2025-10-02

30.38

2025-10-01

30.71

2025-09-30

28.07

2025-09-29

26.74

2025-09-26

26.87

2025-09-25

26.58

2025-09-24

27.08

2025-09-23

27.18

2025-09-22

27.49

2025-09-19

27.75

2025-09-18

27.84

2025-09-17

27.35

2025-09-16

27.82

2025-09-15

27.46

2025-09-12

27.75

2025-09-11

28.44

2025-09-10

27.58

2025-09-09

27.92

2025-09-08

28.22

2025-09-05

28.51

2025-09-04

28.33

2025-09-03

28.04

2025-09-02

28.21

2025-08-29

28.51

PE Ratio: 34.84

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