Thermo Fisher Scientific (TMO) Valuation & Price Ratios 2020-2026

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

Price Ratios

Valuation multiples — is the company cheap or expensive?

P/E Ratio: 28.4x
P/S Ratio: 4.3x
P/B Ratio: 3.7x

At 28.4x P/E, the stock trades in line with market averages — fairly valued. P/S of 4.3x and P/B of 3.7x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.

P/E Ratio

Higher suggests growth expectations; lower may signal undervaluation

P/S Ratio

Useful when earnings are volatile or negative

P/B Ratio

Below 1 means trading below accounting book value

EV / EBITDA

Lower multiple often signals better value

FCF Yield (%)

Cash return at current price — compare to bond yields

Earnings Yield (%)

Earnings return at current price — inverse of P/E