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Thermo Fisher Scientific TMO
$ 613.78 0.02%
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Quarterly report 2026-Q2
added 07-31-2026

Thermo Fisher Scientific Financial Ratios 2025-2006 | TMO

Brief overview of Thermo Fisher Scientific 's market valuation

Current figures are compared with the company's own five-year history for 2021–2025.

The latest available valuation ratios are P/E 29.26x (median 31.03x), EV/EBITDA 19.29x (median 22.42x), P/S 4.4x (median 4.81x). The multiple basket looks neutral against its history, differing from median levels by roughly -8.5%.

The 1/P/E calculation produces a 3.4% earnings yield. It does not capture future growth or capital structure.

End-period return metrics are ROE 12.6%, ROA 6.1%, ROCE 14.5%. Profitability remains positive and sufficient for normal operations without indicating exceptional efficiency.

PEG is 9.76x. Price is well ahead of embedded growth, making market expectations demanding.

The cash return period is stable at 63.9 days initially and 70 days at the end.

Overall assessment

Thermo Fisher Scientific 's market valuation is near its own historical norm, while quality ratios provide no extreme signal.

Annual Financial Ratios Thermo Fisher Scientific

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006

P/E

29.2 32.5 36.3 31.0 27.7 27.9 34.6 33.5 38.1 28.0 26.7 26.3 32.5 21.7 15.0 19.8 19.3 24.8 30.4 -

P/S

4.4 4.8 5.0 4.8 5.5 5.5 5.0 4.0 4.1 3.1 3.1 3.0 3.2 2.0 1.7 2.0 1.7 2.4 2.3 -

EPS

17.8 16.6 15.5 17.8 19.6 16.1 9.2 7.3 5.6 5.1 5.0 4.8 3.5 3.2 3.5 2.6 2.1 2.3 1.8 -

EV (Enterprise Value)

186 B 202 B 208 B 207 B 210 B 167 B 154 B 125 B 115 B 80.2 B 71.7 B 70.8 B 50.6 B 36.8 B 30.8 B 19.6 B 14.9 B 23 B 22.1 B -667 M

EBITDA per Share

23.3 22.2 20.5 23.9 27.6 21.3 14.7 13.9 11.8 10.2 9.45 8.13 6.8 6.35 5.24 4.78 4.21 4.69 4.11 -

EV/EBITDA

21.2 23.8 26.3 22.1 19.3 23.0 24.3 20.7 22.4 18.0 17.2 19.5 18.8 13.8 13.0 10.2 8.6 11.7 12.8 -

PEG

9.74 2.96 3.43 1.83 1.22 1.51 1.31 1.13 3.75 8.67 6.34 0.76 3.64 -3.03 0.42 - - - - -

P/B

1.8 2.1 2.2 2.2 2.3 2.6 4.3 3.6 3.3 2.6 2.5 2.4 2.5 1.7 1.3 1.0 0.8 1.2 - -

P/CF

25.1 23.7 25.7 23.6 23.0 21.4 31.6 26.0 24.2 20.9 22.0 22.7 24.0 14.9 14.0 13.7 9.9 17.1 15.4 -

ROE %

12.58 12.78 12.74 15.83 18.92 18.47 12.45 10.65 8.76 9.39 9.25 9.22 7.55 7.62 8.84 6.74 5.51 6.57 5.17 -

ROA %

6.09 6.51 6.03 7.16 8.12 9.24 6.33 5.22 3.93 4.40 4.83 4.42 4.00 4.29 4.96 4.85 3.93 4.65 - -

ROCE %

14.50 14.80 14.68 19.08 24.55 22.58 8.01 7.65 6.18 6.43 6.67 5.08 5.87 6.17 5.67 7.73 6.33 8.00 6.74 -

Current Ratio

- - - - - - 1.9 1.7 1.3 1.4 1.4 1.2 3.2 2.3 1.5 - - - - -

DSO

70.0 69.9 69.6 65.4 63.8 57.2 70.8 62.0 75.2 68.4 54.8 53.5 54.2 52.7 56.5 49.4 53.5 26.2 - -

DIO

- - - - - - 86.5 81.2 94.5 81.6 78.9 72.2 72.1 73.0 71.6 - - - - -

DPO

- - - - - - 49.3 43.7 45.4 34.1 32.6 31.9 33.4 32.5 33.2 - - - - -

Operating Cycle

70.0 69.8 69.6 65.4 63.9 57.2 157.3 143.2 169.7 150.0 133.7 125.7 126.3 125.7 128.0 49.4 53.5 26.2 - -

Cash Conversion Cycle

70.0 69.8 69.6 65.4 63.9 57.2 108.0 99.6 124.3 115.9 101.1 93.8 92.9 93.2 94.8 49.4 53.5 26.2 - -

All numbers in USD currency

Quarterly Financial Ratios Thermo Fisher Scientific

2026-Q2 2026-Q1 2025-Q3 2025-Q2 2025-Q1 2024-Q3 2024-Q2 2024-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q3 2010-Q2 2010-Q1 2009-Q3 2009-Q2

EPS

4.68 4.44 4.28 4.28 3.99 4.26 4.05 3.47 4.44 3.53 3.34 - 3.82 4.25 5.66 - 4.83 4.65 5.93 - 4.88 2.92 1.99 2.51 1.89 2.8 2.04 2.23 1.76 1.87 1.44 1.32 1.35 1.57 1.41 1.6 1.2 1.31 1.02 1.51 1.19 1.28 0.97 1.5 1.18 0.7 1.38 0.95 0.88 0.77 0.94 1.05 0.8 0.64 0.76 0.77 0.7 1.37 0.65 0.67 0.58 0.57 540000 0.5

EBITDA per Share

6.52 5.83 5.74 5.53 5.27 5.57 5.49 5.1 - - 4.7 - 6.22 5.1 7.83 - 7.34 5.5 8.24 - 7.31 4.3 2.66 - 3.4 4.43 2.63 - 2.6 2.65 3.39 - 5.29 4.34 2.77 - 4.62 3.78 2.36 - 4.58 3.59 2.27 - 4.74 2.88 3.16 - 3.16 2.43 1.78 - 2.98 2.32 1.64 - 2.45 1.7 1.3 2.24 1.72 1.2 2.1 1.55

ROE %

12.84 12.61 12.76 12.85 12.58 13.26 13.04 12.83 13.34 13.54 15.84 12.79 17.70 19.22 21.95 16.54 22.14 20.58 17.90 11.24 14.61 11.57 11.99 12.45 12.33 12.34 11.30 10.65 9.47 9.00 8.69 8.76 9.60 9.70 9.69 9.39 9.29 9.32 9.32 9.25 9.36 9.42 8.38 9.22 8.32 7.91 8.20 7.55 7.96 7.95 7.82 7.62 7.10 6.99 8.96 8.84 8.67 8.45 6.47 6.23 5.86 1.50 1.44 1.37

ROA %

6.16 6.15 6.32 6.32 6.09 6.31 6.14 5.93 6.21 6.86 8.00 6.63 9.33 7.68 11.22 8.83 11.63 10.72 9.16 5.61 7.33 5.83 6.08 6.33 6.21 6.17 5.59 5.22 4.56 4.24 3.98 3.93 4.37 4.45 4.50 4.40 4.51 4.64 4.77 4.84 4.76 4.70 4.10 4.42 4.09 3.99 4.21 4.00 4.29 4.36 4.34 4.29 4.00 3.93 5.03 4.96 5.13 5.25 4.38 4.47 4.20 1.07 1.03 0.98

ROCE %

14.98 14.50 14.66 14.70 14.72 15.36 15.21 15.06 15.33 15.94 19.22 15.52 21.40 23.35 27.32 20.44 27.47 25.63 22.38 13.69 16.87 14.89 13.95 11.33 14.64 14.84 12.65 9.55 12.05 11.69 10.73 7.88 10.39 10.86 10.32 7.88 10.51 10.79 10.11 7.71 10.83 9.88 11.35 9.07 11.40 10.51 11.11 6.85 9.13 9.18 9.29 6.99 9.09 8.58 8.34 6.00 8.07 8.00 8.13 7.78 7.43 1.89 1.79 1.72

DSO

71.0 75.1 71.8 71.7 73.6 69.7 68.7 71.9 70.7 68.1 68.3 - 32.8 32.8 61.2 - 54.0 54.3 52.0 - 61.5 75.7 73.9 58.1 63.3 62.8 63.2 58.0 63.8 62.1 62.5 58.5 69.2 70.9 66.3 56.2 61.9 61.3 59.4 49.9 56.3 54.4 58.4 50.2 54.1 52.2 51.6 51.1 55.5 54.7 53.6 50.5 53.4 53.0 53.3 52.1 55.2 57.5 56.6 51.6 51.1 50.8 53.2 -

Operating Cycle

- - 71.8 71.7 73.6 69.7 68.7 71.9 70.7 68.1 68.3 - 32.8 32.8 61.2 - 54.0 54.3 52.0 - 61.5 75.7 73.9 58.1 63.3 62.8 63.2 58.0 63.8 62.1 62.5 58.5 69.2 70.9 66.3 56.2 61.9 61.3 59.4 49.9 56.3 54.4 58.4 50.2 54.1 52.2 51.6 51.1 55.5 54.7 53.6 50.5 53.4 53.0 53.3 52.1 55.2 57.5 - - - - - -

Cash Conversion Cycle

- - 71.8 71.7 73.6 69.7 68.7 71.9 70.7 68.1 68.3 - 32.8 32.8 61.2 - 54.0 54.3 52.0 - 61.5 75.7 73.9 58.1 63.3 62.8 63.2 58.0 63.8 62.1 62.5 58.5 69.2 70.9 66.3 56.2 61.9 61.3 59.4 49.9 56.3 54.4 58.4 50.2 54.1 52.2 51.6 51.1 55.5 54.7 53.6 50.5 53.4 53.0 53.3 52.1 55.2 57.5 - - - - - -

All numbers in USD currency

Multiples are an important financial analysis tool for the company Thermo Fisher Scientific , allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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