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Thermo Fisher Scientific Inc. (TMO)
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Thermo Fisher Scientific Inc. (TMO) PE Ratio: 26.55

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

Thermo Fisher Scientific Inc.'s P/E ratio of 26.55 is 15% below its 5-year average of 31.18, near the low end of its 5-year range (22.90–39.88).

The P/E ratio for Thermo Fisher Scientific Inc. (TMO) is 26.55 as of Wednesday, June 10, 2026. It is below its 12-month average by 9.08% (29.20).

PE Ratio (26.55) = Close Price ($483.01) / Diluted TTM EPS ($18.19)

TMO PE Ratio Chart

TMO PE Ratio
26.55+9.12% 1Y
Zoom

TMO Average PE Ratio Chart

TMO Current vs Average PE Ratio Chart

TMO PE Ratio Metrics

PE RATIO

26.55

PE RATIO AVG TTM

29.20

PE RATIO AVG 3Y

32.54

PE RATIO AVG 5Y

31.18

PE RATIO AVG 10Y

33.16

PE RATIO AVG 15Y

30.22

PE RATIO AVG 20Y

30.14

CURRENT VS TTM AVG

-9.08%

CURRENT VS 3Y AVG

-18.40%

CURRENT VS 5Y AVG

-14.85%

CURRENT VS 10Y AVG

-19.94%

CURRENT VS 15Y AVG

-12.13%

CURRENT VS 20Y AVG

-11.91%

TMO Competitors' PE Ratio

NAMEMARKET CAPPE RATIOTTM3Y5Y
Thermo Fisher Scientific Inc. (TMO)$179.45B26.5529.2032.5431.18
Amgen Inc. (AMGN)$183.75B23.6725.0629.6326.36
Abbott Laboratories (ABT)$154.66B24.7419.3027.8828.20
Gilead Sciences, Inc. (GILD)$151.21B16.5821.34157.50110.62
Intuitive Surgical, Inc. (ISRG)$146.44B50.1565.9475.0471.85
Pfizer Inc. (PFE)$146.36B19.5816.3622.4018.18
Danaher Corporation (DHR)$130.25B35.6741.6238.6234.94
CVS Health Corporation (CVS)$125.16B43.2281.8137.7230.77
Bristol-Myers Squibb Company (BMY)$114.14B15.7017.6316.3419.37
Vertex Pharmaceuticals Incorporated (VRTX)$110.77B25.9229.5429.2827.23

P/E vs. its own history

At 26.6, P/E is cheaper than usual — richer than 31% of its 20-year range.

20-year low

11.3

median

30.2

20-year high

57.8

cheaperricher

P/E Comparison

Trailing P/E

26.6

Forward P/E

17.8

Forward P/E Calculation

View All Analyst Estimates

Forward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.

Calculation:

Current Price

$483.01

÷

Forward EPS (Est.)

$27.20

=

Forward P/E

17.76

Source: FMP Analyst Consensus Estimates. Forward EPS represents the average analyst estimate for the nearest fiscal year.

Thermo Fisher Scientific Inc. 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.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Thermo Fisher Scientific Inc. PE Ratio FAQ

What is the P/E ratio for Thermo Fisher Scientific Inc. (TMO)?
The P/E ratio for TMO stock is 26.55.
Is Thermo Fisher Scientific Inc.'s P/E ratio high or low?
Thermo Fisher Scientific Inc.'s P/E ratio of 26.55 is 15% below its 5-year average of 31.18, near the low 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 29.20.
What is the 3Y average P/E ratio for Thermo Fisher Scientific Inc. (TMO)?
The 3Y average P/E ratio for TMO stock is 32.54.
What is the 5Y average P/E ratio for Thermo Fisher Scientific Inc. (TMO)?
The 5Y average P/E ratio for TMO stock is 31.18.
What is the 10Y average P/E ratio for Thermo Fisher Scientific Inc. (TMO)?
The 10Y average P/E ratio for TMO stock is 33.16.
What is the 15Y average P/E ratio for Thermo Fisher Scientific Inc. (TMO)?
The 15Y average P/E ratio for TMO stock is 30.22.
What is the 20Y average P/E ratio for Thermo Fisher Scientific Inc. (TMO)?
The 20Y average P/E ratio for TMO stock is 30.14.

Thermo Fisher Scientific Inc. PE Ratio History

DATEPE RATIO
2026-06-1026.55
2026-06-0927.16
2026-06-0825.82
2026-06-0525.99
2026-06-0426.50
2026-06-0326.06
2026-06-0226.50
2026-06-0127.16
2026-05-2927.08
2026-05-2826.79
2026-05-2725.08
2026-05-2624.64
2026-05-2224.64
2026-05-2124.70
2026-05-2024.84
2026-05-1924.62
2026-05-1824.30
2026-05-1524.10
2026-05-1424.64
2026-05-1324.52
2026-05-1225.25
2026-05-1124.88
2026-05-0825.56
2026-05-0726.08
2026-05-0626.00
2026-05-0525.66
2026-05-0425.43
2026-05-0125.79
2026-04-3027.00
2026-04-2926.28
2026-04-2826.51
2026-04-2726.38
2026-04-2426.48
2026-04-2326.31
2026-04-2228.97
2026-04-2129.57
2026-04-2029.65
2026-04-1729.68
2026-04-1629.09
2026-04-1529.97
2026-04-1429.72
2026-04-1328.99
2026-04-1027.97
2026-04-0928.21
2026-04-0828.38
2026-04-0727.59
2026-04-0627.52
2026-04-0227.70
2026-04-0127.88
2026-03-3127.71
2026-03-3027.06
2026-03-2726.68
2026-03-2627.56
2026-03-2527.66
2026-03-2427.64
2026-03-2326.95
2026-03-2026.74
2026-03-1926.51
2026-03-1826.19
2026-03-1726.65
2026-03-1626.49
2026-03-1326.18
2026-03-1226.83
2026-03-1127.94
2026-03-1028.19
2026-03-0928.75
2026-03-0628.30
2026-03-0529.25
2026-03-0428.90
2026-03-0328.64
2026-03-0228.67
2026-02-2729.37
2026-02-2629.32
2026-02-2529.68
2026-02-2429.79
2026-02-2329.83
2026-02-2029.52
2026-02-1929.76
2026-02-1829.67
2026-02-1728.98
2026-02-1329.16
2026-02-1229.45
2026-02-1130.45
2026-02-1031.18
2026-02-0931.59
2026-02-0631.36
2026-02-0531.33
2026-02-0432.65
2026-02-0332.93
2026-02-0233.61
2026-01-3033.43
2026-01-2934.21
2026-01-2835.13
2026-01-2736.04
2026-01-2636.20
2026-01-2336.16
2026-01-2236.94
2026-01-2136.76
2026-01-2035.76
2026-01-1635.74
2026-01-1536.09
2026-01-1435.92
2026-01-1335.07
2026-01-1235.55
2026-01-0935.75
2026-01-0835.04
2026-01-0735.65
2026-01-0635.86
2026-01-0535.31
2026-01-0234.23
2025-12-3133.47
2025-12-3033.71
2025-12-2933.80
2025-12-2633.55
2025-12-2433.46
2025-12-2333.50
2025-12-2233.26
2025-12-1932.80
2025-12-1832.49
2025-12-1732.50
2025-12-1632.94
2025-12-1533.27
2025-12-1233.06
2025-12-1133.44
2025-12-1033.15
2025-12-0932.53
2025-12-0832.83
2025-12-0533.09
2025-12-0433.23
2025-12-0333.53
2025-12-0233.53
2025-12-0133.80
2025-11-2834.13
2025-11-2634.27
2025-11-2534.53
2025-11-2433.86
2025-11-2133.94
2025-11-2033.09
2025-11-1933.15
2025-11-1833.28
2025-11-1732.76
2025-11-1433.43
2025-11-1333.51
2025-11-1233.97
2025-11-1133.88
2025-11-1033.30
2025-11-0733.07
2025-11-0632.70
2025-11-0532.79
2025-11-0432.65
2025-11-0332.63
2025-10-3132.78
2025-10-3032.19
2025-10-2932.31
2025-10-2832.27
2025-10-2732.63
2025-10-2433.13
2025-10-2333.10
2025-10-2232.82
2025-10-2132.29
2025-10-2031.47
2025-10-1731.19
2025-10-1631.06
2025-10-1530.55
2025-10-1430.43
2025-10-1330.36
2025-10-1030.37
2025-10-0930.94
2025-10-0831.03
2025-10-0731.20
2025-10-0631.48
2025-10-0331.44
2025-10-0230.38
2025-10-0130.71
2025-09-3028.07
2025-09-2926.74
2025-09-2626.87
2025-09-2526.58
2025-09-2427.08
2025-09-2327.18
2025-09-2227.49
2025-09-1927.75
2025-09-1827.84
2025-09-1727.35
2025-09-1627.82
2025-09-1527.46
2025-09-1227.75
2025-09-1128.44
2025-09-1027.58
2025-09-0927.92
2025-09-0828.22
2025-09-0528.51
2025-09-0428.33
2025-09-0328.04
2025-09-0228.21
2025-08-2928.51
2025-08-2828.34
2025-08-2728.25
2025-08-2628.27
2025-08-2528.40
2025-08-2228.93
2025-08-2128.00
2025-08-2028.63
2025-08-1928.84
2025-08-1828.21
2025-08-1528.30
2025-08-1428.07
2025-08-1328.05
2025-08-1227.63
2025-08-1126.76
2025-08-0826.66
2025-08-0726.32
2025-08-0625.98
2025-08-0526.99
2025-08-0427.00
2025-08-0126.80
2025-07-3127.45
2025-07-3028.01
2025-07-2928.30
2025-07-2828.46
2025-07-2528.07
2025-07-2427.88
2025-07-2327.39
2025-07-2225.10
2025-07-2123.76
2025-07-1824.34
2025-07-1724.94
2025-07-1624.43
2025-07-1524.53
2025-07-1424.96
2025-07-1125.52
2025-07-1025.28
2025-07-0924.64
2025-07-0825.01
2025-07-0724.57
2025-07-0325.20
2025-07-0225.10
2025-07-0124.73
2025-06-3023.79
2025-06-2723.96
2025-06-2624.19
2025-06-2524.10
2025-06-2423.73
2025-06-2323.49
2025-06-2023.35
2025-06-1823.04
2025-06-1722.90
2025-06-1623.77
2025-06-1323.64
2025-06-1224.37
2025-06-1124.36
2025-06-1024.33
2025-06-0923.97
2025-06-0623.59
2025-06-0523.38
2025-06-0423.69
2025-06-0323.47
2025-06-0223.27
2025-05-3023.64
2025-05-2923.69

Showing the most recent 260 of 5,031 data points. The chart above shows the full history.

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