Thermo Fisher Scientific Inc., also known as Thermo Fisher, is an American technology company based in Waltham, Massachusetts. It describes itself as "the world's largest supplier of scientific applications."
P/E ratio for Thermo Fisher Scientific (TMO)
P/E ratio as of March 2023 (TTM): 31.3
According to Thermo Fisher Scientific's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 31.3447. At the end of 2021 the company had a P/E ratio of 34.0.
P/E ratio history for Thermo Fisher Scientific from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 34.0 | 17.54% |
| 2020 | 28.9 | -17.66% |
| 2019 | 35.2 | 14.69% |
| 2018 | 30.7 | -8.78% |
| 2017 | 33.6 | 22.19% |
| 2016 | 27.5 | -4.02% |
| 2015 | 28.7 | |
| 2013 | 31.5 | |
| 2011 | 12.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Agilent Technologies A | 29.9 | -4.58% | 🇺🇸 USA |
 Baxter BAX | -8.31 | -126.50% | 🇺🇸 USA |
 Becton Dickinson BDX | 45.5 | 45.23% | 🇺🇸 USA |
 General Electric GE | -227 | -825.10% | 🇺🇸 USA |
 Teleflex TFX | 31.9 | 1.83% | 🇺🇸 USA |
 Waters Corporation WAT | 26.2 | -16.30% | 🇺🇸 USA |
 Danaher DHR | 27.0 | -13.94% | 🇺🇸 USA |
 Intuitive Surgical ISRG | 65.6 | 109.31% | 🇺🇸 USA |
 PerkinElmer
PKI | 27.9 | -10.93% | 🇺🇸 USA |
 Bio-Rad Laboratories BIO | -3.87 | -112.35% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.