Thermo Fisher Scientific (TMO) Price/OCF Ratio: History & Chart

Thermo Fisher Scientific Inc.(TMO)

Medical - Diagnostics & Research · Waltham, MA

$618.43+9.89 (+1.63%)

Delayed quote: Sep 3, 2026, 4:00 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 Price/OCF Ratio Metrics

PRICE/OCF RATIO

25.05

PRICE/OCF RATIO AVG TTM

25.27

PRICE/OCF RATIO AVG 3Y

24.03

PRICE/OCF RATIO AVG 5Y

24.18

PRICE/OCF RATIO AVG 10Y

23.58

PRICE/OCF RATIO AVG 15Y

22.48

PRICE/OCF RATIO AVG 20Y

20.42

CURRENT VS TTM AVG

-0.89%

CURRENT VS 3Y AVG

+4.25%

CURRENT VS 5Y AVG

+3.58%

CURRENT VS 10Y AVG

+6.23%

CURRENT VS 15Y AVG

+11.43%

CURRENT VS 20Y AVG

+22.66%

SECTOR MEDIAN · HEALTHCARE

16.42

median of 83 covered companies

CURRENT VS SECTOR MEDIAN

+52.56%

vs the sector median at left

NAME	MARKET CAP	PRICE/OCF RATIO	TTM	3Y	5Y
Thermo Fisher Scientific Inc. (TMO)	$229.82B	25.05	25.27	24.03	24.18
Amgen Inc. (AMGN)vs ›	$239.70B	19.31	16.30	17.26	15.99
Novo Nordisk A/S (NVO)vs ›	$210.97B	10.09	11.44	22.83	24.70
AstraZeneca PLC (AZN)vs ›	$255.54B	18.26	19.46	19.78	21.90
Abbott Laboratories (ABT)vs ›	$188.27B	19.44	20.91	24.13	22.45
Gilead Sciences, Inc. (GILD)vs ›	$187.75B	13.72	15.88	13.32	11.70
Pfizer Inc. (PFE)vs ›	$164.20B	12.34	11.50	13.51	11.83
Danaher Corporation (DHR)vs ›	$148.30B	22.39	22.73	24.09	22.92
Vertex Pharmaceuticals Incorporated (VRTX)vs ›	$141.61B	33.16	29.90	28.46	25.45
Bristol-Myers Squibb Company (BMY)vs ›	$139.09B	10.84	7.78	7.58	8.72

NAME

MARKET CAP

PRICE/OCF RATIO

TTM

Thermo Fisher Scientific Inc. (TMO)

$229.82B

25.05

25.27

24.03

24.18

Amgen Inc. (AMGN)vs ›

$239.70B

19.31

16.30

17.26

15.99

Novo Nordisk A/S (NVO)vs ›

$210.97B

10.09

11.44

22.83

24.70

AstraZeneca PLC (AZN)vs ›

$255.54B

18.26

19.46

19.78

21.90

Abbott Laboratories (ABT)vs ›

$188.27B

19.44

20.91

24.13

22.45

Gilead Sciences, Inc. (GILD)vs ›

$187.75B

13.72

15.88

13.32

11.70

Pfizer Inc. (PFE)vs ›

$164.20B

12.34

11.50

13.51

11.83

Danaher Corporation (DHR)vs ›

$148.30B

22.39

22.73

24.09

22.92

Vertex Pharmaceuticals Incorporated (VRTX)vs ›

$141.61B

33.16

29.90

28.46

25.45

Bristol-Myers Squibb Company (BMY)vs ›

$139.09B

10.84

7.78

7.58

8.72

Price/OCF Ratio Formula & Definition

P/OCF measures market price relative to operating cash flow: market cap divided by TTM operating cash flow. OCF is cash from operations before capital expenditures, so it sits above free cash flow — P/OCF typically reads below P/FCF, with the widest gap for capex-heavy businesses.

Price/OCF Ratio FAQ

What is the Price/OCF ratio for Thermo Fisher Scientific Inc. (TMO)?

The Price/OCF ratio for TMO stock is 25.05.

Is Thermo Fisher Scientific Inc.'s Price/OCF ratio high or low?

The Price/OCF ratio of 25.05 is in line with its 5-year average of 24.18, around the middle of its 5-year range (18.17–31.59).

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

The TTM average Price/OCF ratio for TMO stock is 25.27.

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

The 3Y average Price/OCF ratio for TMO stock is 24.03.

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

The 5Y average Price/OCF ratio for TMO stock is 24.18.

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

The 10Y average Price/OCF ratio for TMO stock is 23.58.

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

The 15Y average Price/OCF ratio for TMO stock is 22.48.

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

The 20Y average Price/OCF ratio for TMO stock is 20.42.

DATE	PRICE/OCF RATIO
2026-09-02	25.05
2026-09-01	24.72
2026-08-31	25.40
2026-08-28	25.61
2026-08-27	25.96
2026-08-26	26.09
2026-08-25	25.86
2026-08-24	25.88
2026-08-21	25.90
2026-08-20	25.83
2026-08-19	25.26
2026-08-18	24.25
2026-08-17	24.10
2026-08-14	24.22
2026-08-13	24.53
2026-08-12	24.82
2026-08-11	24.90
2026-08-10	24.68
2026-08-07	24.45
2026-08-06	23.88
2026-08-05	23.79
2026-08-04	23.25
2026-08-03	23.63
2026-07-31	23.64
2026-07-30	25.96
2026-07-29	25.95
2026-07-28	25.94
2026-07-27	25.18
2026-07-24	25.58
2026-07-23	25.76
2026-07-22	23.70
2026-07-21	23.56
2026-07-20	23.69
2026-07-17	23.97
2026-07-16	24.45
2026-07-15	24.09
2026-07-14	24.04
2026-07-13	23.79
2026-07-10	23.72
2026-07-09	23.62
2026-07-08	22.96
2026-07-07	23.25
2026-07-06	23.30
2026-07-02	23.56
2026-07-01	23.11
2026-06-30	22.57
2026-06-29	22.79
2026-06-26	23.09
2026-06-25	22.76
2026-06-24	22.15
2026-06-23	21.13
2026-06-22	20.89
2026-06-18	20.91
2026-06-17	20.78
2026-06-16	21.27
2026-06-15	21.32
2026-06-12	21.13
2026-06-11	21.41
2026-06-10	21.70
2026-06-09	22.24
2026-06-08	21.14
2026-06-05	21.28
2026-06-04	21.70
2026-06-03	21.33
2026-06-02	21.70
2026-06-01	22.24
2026-05-29	22.17
2026-05-28	21.93
2026-05-27	20.53
2026-05-26	20.17
2026-05-22	20.18
2026-05-21	20.23
2026-05-20	20.34
2026-05-19	20.16
2026-05-18	19.89
2026-05-15	19.73
2026-05-14	20.17
2026-05-13	20.08
2026-05-12	20.67
2026-05-11	20.37
2026-05-08	20.93
2026-05-07	21.36
2026-05-06	21.29
2026-05-05	21.01
2026-05-04	20.82
2026-05-01	21.12
2026-04-30	23.10
2026-04-29	22.48
2026-04-28	22.67
2026-04-27	22.57
2026-04-24	22.65
2026-04-23	22.51
2026-04-22	24.79
2026-04-21	25.30
2026-04-20	25.37
2026-04-17	25.39
2026-04-16	24.88
2026-04-15	25.64
2026-04-14	25.42
2026-04-13	24.80
2026-04-10	23.92
2026-04-09	24.13
2026-04-08	24.28
2026-04-07	23.60
2026-04-06	23.54
2026-04-02	23.70
2026-04-01	23.85
2026-03-31	23.70
2026-03-30	23.15
2026-03-27	22.83
2026-03-26	23.57
2026-03-25	23.67
2026-03-24	23.64
2026-03-23	23.06
2026-03-20	22.88
2026-03-19	22.67
2026-03-18	22.41
2026-03-17	22.80
2026-03-16	22.66
2026-03-13	22.39
2026-03-12	22.95
2026-03-11	23.90
2026-03-10	24.11
2026-03-09	24.59
2026-03-06	24.21
2026-03-05	25.02
2026-03-04	24.72
2026-03-03	24.50
2026-03-02	24.52
2026-02-27	25.13
2026-02-26	25.08
2026-02-25	25.38
2026-02-24	25.47
2026-02-23	25.51
2026-02-20	25.24
2026-02-19	25.45
2026-02-18	25.37
2026-02-17	24.78
2026-02-13	24.94
2026-02-12	25.19
2026-02-11	26.04
2026-02-10	26.67
2026-02-09	27.01
2026-02-06	26.82
2026-02-05	26.80
2026-02-04	27.92
2026-02-03	28.17
2026-02-02	28.74
2026-01-30	28.59
2026-01-29	29.26
2026-01-28	30.04
2026-01-27	30.82
2026-01-26	30.96
2026-01-23	30.93
2026-01-22	31.59
2026-01-21	31.44
2026-01-20	30.58
2026-01-16	30.57
2026-01-15	30.86
2026-01-14	30.72
2026-01-13	29.99
2026-01-12	30.41
2026-01-09	30.57
2026-01-08	29.96
2026-01-07	30.49
2026-01-06	30.67
2026-01-05	30.20
2026-01-02	29.27
2025-12-31	28.63
2025-12-30	28.83
2025-12-29	28.91
2025-12-26	28.69
2025-12-24	28.61
2025-12-23	28.65
2025-12-22	28.44
2025-12-19	28.05
2025-12-18	27.79
2025-12-17	27.79
2025-12-16	28.17
2025-12-15	28.45
2025-12-12	28.27
2025-12-11	28.60
2025-12-10	28.35
2025-12-09	27.82
2025-12-08	28.07
2025-12-05	28.30
2025-12-04	28.42
2025-12-03	28.68
2025-12-02	28.67
2025-12-01	28.91
2025-11-28	29.19
2025-11-26	29.31
2025-11-25	29.53
2025-11-24	28.95
2025-11-21	29.02
2025-11-20	28.30
2025-11-19	28.35
2025-11-18	28.46
2025-11-17	28.02
2025-11-14	28.59
2025-11-13	28.66
2025-11-12	29.05
2025-11-11	28.98
2025-11-10	28.47
2025-11-07	28.28
2025-11-06	27.96
2025-11-05	28.04
2025-11-04	27.93
2025-11-03	27.91
2025-10-31	28.03
2025-10-30	27.74
2025-10-29	27.85
2025-10-28	27.82
2025-10-27	28.12
2025-10-24	28.56
2025-10-23	28.53
2025-10-22	28.29
2025-10-21	27.83
2025-10-20	27.13
2025-10-17	26.88
2025-10-16	26.78
2025-10-15	26.33
2025-10-14	26.23
2025-10-13	26.17
2025-10-10	26.18
2025-10-09	26.67
2025-10-08	26.75
2025-10-07	26.89
2025-10-06	27.13
2025-10-03	27.10
2025-10-02	26.19
2025-10-01	26.47
2025-09-30	24.19
2025-09-29	23.05
2025-09-26	23.16
2025-09-25	22.91
2025-09-24	23.34
2025-09-23	23.43
2025-09-22	23.69
2025-09-19	23.92
2025-09-18	24.00
2025-09-17	23.58
2025-09-16	23.98
2025-09-15	23.67
2025-09-12	23.92
2025-09-11	24.51
2025-09-10	23.77
2025-09-09	24.06
2025-09-08	24.32
2025-09-05	24.57
2025-09-04	24.42
2025-09-03	24.17
2025-09-02	24.32
2025-08-29	24.58
2025-08-28	24.43
2025-08-27	24.35
2025-08-26	24.37
2025-08-25	24.48
2025-08-22	24.94
2025-08-21	24.13

DATE

PRICE/OCF RATIO

2026-09-02

25.05

2026-09-01

24.72

2026-08-31

25.40

2026-08-28

25.61

2026-08-27

25.96

2026-08-26

26.09

2026-08-25

25.86

2026-08-24

25.88

2026-08-21

25.90

2026-08-20

25.83

2026-08-19

25.26

2026-08-18

24.25

2026-08-17

24.10

2026-08-14

24.22

2026-08-13

24.53

2026-08-12

24.82

2026-08-11

24.90

2026-08-10

24.68

2026-08-07

24.45

2026-08-06

23.88

2026-08-05

23.79

2026-08-04

23.25

2026-08-03

23.63

2026-07-31

23.64

2026-07-30

25.96

2026-07-29

25.95

2026-07-28

25.94

2026-07-27

25.18

2026-07-24

25.58

2026-07-23

25.76

2026-07-22

23.70

2026-07-21

23.56

2026-07-20

23.69

2026-07-17

23.97

2026-07-16

24.45

2026-07-15

24.09

2026-07-14

24.04

2026-07-13

23.79

2026-07-10

23.72

2026-07-09

23.62

2026-07-08

22.96

2026-07-07

23.25

2026-07-06

23.30

2026-07-02

23.56

2026-07-01

23.11

2026-06-30

22.57

2026-06-29

22.79

2026-06-26

23.09

2026-06-25

22.76

2026-06-24

22.15

2026-06-23

21.13

2026-06-22

20.89

2026-06-18

20.91

2026-06-17

20.78

2026-06-16

21.27

2026-06-15

21.32

2026-06-12

21.13

2026-06-11

21.41

2026-06-10

21.70

2026-06-09

22.24

2026-06-08

21.14

2026-06-05

21.28

2026-06-04

21.70

2026-06-03

21.33

2026-06-02

21.70

2026-06-01

22.24

2026-05-29

22.17

2026-05-28

21.93

2026-05-27

20.53

2026-05-26

20.17

2026-05-22

20.18

2026-05-21

20.23

2026-05-20

20.34

2026-05-19

20.16

2026-05-18

19.89

2026-05-15

19.73

2026-05-14

20.17

2026-05-13

20.08

2026-05-12

20.67

2026-05-11

20.37

2026-05-08

20.93

2026-05-07

21.36

2026-05-06

21.29

2026-05-05

21.01

2026-05-04

20.82

2026-05-01

21.12

2026-04-30

23.10

2026-04-29

22.48

2026-04-28

22.67

2026-04-27

22.57

2026-04-24

22.65

2026-04-23

22.51

2026-04-22

24.79

2026-04-21

25.30

2026-04-20

25.37

2026-04-17

25.39

2026-04-16

24.88

2026-04-15

25.64

2026-04-14

25.42

2026-04-13

24.80

2026-04-10

23.92

2026-04-09

24.13

2026-04-08

24.28

2026-04-07

23.60

2026-04-06

23.54

2026-04-02

23.70

2026-04-01

23.85

2026-03-31

23.70

2026-03-30

23.15

2026-03-27

22.83

2026-03-26

23.57

2026-03-25

23.67

2026-03-24

23.64

2026-03-23

23.06

2026-03-20

22.88

2026-03-19

22.67

2026-03-18

22.41

2026-03-17

22.80

2026-03-16

22.66

2026-03-13

22.39

2026-03-12

22.95

2026-03-11

23.90

2026-03-10

24.11

2026-03-09

24.59

2026-03-06

24.21

2026-03-05

25.02

2026-03-04

24.72

2026-03-03

24.50

2026-03-02

24.52

2026-02-27

25.13

2026-02-26

25.08

2026-02-25

25.38

2026-02-24

25.47

2026-02-23

25.51

2026-02-20

25.24

2026-02-19

25.45

2026-02-18

25.37

2026-02-17

24.78

2026-02-13

24.94

2026-02-12

25.19

2026-02-11

26.04

2026-02-10

26.67

2026-02-09

27.01

2026-02-06

26.82

2026-02-05

26.80

2026-02-04

27.92

2026-02-03

28.17

2026-02-02

28.74

2026-01-30

28.59

2026-01-29

29.26

2026-01-28

30.04

2026-01-27

30.82

2026-01-26

30.96

2026-01-23

30.93

2026-01-22

31.59

2026-01-21

31.44

2026-01-20

30.58

2026-01-16

30.57

2026-01-15

30.86

2026-01-14

30.72

2026-01-13

29.99

2026-01-12

30.41

2026-01-09

30.57

2026-01-08

29.96

2026-01-07

30.49

2026-01-06

30.67

2026-01-05

30.20

2026-01-02

29.27

2025-12-31

28.63

2025-12-30

28.83

2025-12-29

28.91

2025-12-26

28.69

2025-12-24

28.61

2025-12-23

28.65

2025-12-22

28.44

2025-12-19

28.05

2025-12-18

27.79

2025-12-17

27.79

2025-12-16

28.17

2025-12-15

28.45

2025-12-12

28.27

2025-12-11

28.60

2025-12-10

28.35

2025-12-09

27.82

2025-12-08

28.07

2025-12-05

28.30

2025-12-04

28.42

2025-12-03

28.68

2025-12-02

28.67

2025-12-01

28.91

2025-11-28

29.19

2025-11-26

29.31

2025-11-25

29.53

2025-11-24

28.95

2025-11-21

29.02

2025-11-20

28.30

2025-11-19

28.35

2025-11-18

28.46

2025-11-17

28.02

2025-11-14

28.59

2025-11-13

28.66

2025-11-12

29.05

2025-11-11

28.98

2025-11-10

28.47

2025-11-07

28.28

2025-11-06

27.96

2025-11-05

28.04

2025-11-04

27.93

2025-11-03

27.91

2025-10-31

28.03

2025-10-30

27.74

2025-10-29

27.85

2025-10-28

27.82

2025-10-27

28.12

2025-10-24

28.56

2025-10-23

28.53

2025-10-22

28.29

2025-10-21

27.83

2025-10-20

27.13

2025-10-17

26.88

2025-10-16

26.78

2025-10-15

26.33

2025-10-14

26.23

2025-10-13

26.17

2025-10-10

26.18

2025-10-09

26.67

2025-10-08

26.75

2025-10-07

26.89

2025-10-06

27.13

2025-10-03

27.10

2025-10-02

26.19

2025-10-01

26.47

2025-09-30

24.19

2025-09-29

23.05

2025-09-26

23.16

2025-09-25

22.91

2025-09-24

23.34

2025-09-23

23.43

2025-09-22

23.69

2025-09-19

23.92

2025-09-18

24.00

2025-09-17

23.58

2025-09-16

23.98

2025-09-15

23.67

2025-09-12

23.92

2025-09-11

24.51

2025-09-10

23.77

2025-09-09

24.06

2025-09-08

24.32

2025-09-05

24.57

2025-09-04

24.42

2025-09-03

24.17

2025-09-02

24.32

2025-08-29

24.58

2025-08-28

24.43

2025-08-27

24.35

2025-08-26

24.37

2025-08-25

24.48

2025-08-22

24.94

2025-08-21

24.13

Price/OCF Ratio: 25.05

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TMO Current vs Average Price/OCF Ratio Chart

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Operating Cash Flow Valuation

Price/OCF Ratio Formula & Definition

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TMO Price/OCF Ratio History

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