TMO

NYSE

THERMO FISHER SCIENTIFIC INC.

Health Care, Life Sciences Tools & Services

$594.00

close 7 Aug 2026

+28.46%

52-week change

$219.63B

market cap

$435.27

$643.99

52-week range

Expected price

$526.58 – $643.59

Current price

$594.00

Signal

Appears fairly valued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)31.95x

P/S (TTM)4.74x

P/B4.17x

EV/EBITDA (TTM)27.75x

FCF yield (TTM)3.33%

PEG (TTM, GAAP)153.95

Context

P/E, own 5-year average31.53x

P/E, sector median29.65x*

Price at 5-year median P/E$578.63*

Indicated dividend yield0.32%

Forward — analyst consensus

Forward P/E (FY2026)23.65x*

Forward P/E (FY2027)21.59x

Forward PEG2.48*

Consensus EPS FY2026 (26 analysts)$25.12

EPS growth (FY2026→FY2027)9.52%

Revenue growth (FY2026)7.42%

Street view

Price target (mean)$631.42*

Target upside6.30%

Ratings (buy / hold / sell)22 / 6 / 0

FY2026 EPS revisions, 30d (up / down)18 / 0

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 27 Jun 2026, filed 31 Jul 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR -1.58%10Y CAGR +9.59%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$594.00

Cash & equivalents$4.06B

Total debt$42.55B

Shares outstanding369.75M

Result

DCF price per share$164.63

Current price$594.00

Margin of safety-72.29%

PV of years 1–10$45.48B

PV of terminal value$53.87B

Equity value$60.87B

Market-implied growth+10.68%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$7.20B	$7.09B	$6.98B	$6.87B	$6.76B	$6.65B	$6.55B	$6.44B	$6.34B	$6.24B	$116.30B
PV	$6.67B	$6.08B	$5.54B	$5.05B	$4.60B	$4.19B	$3.82B	$3.48B	$3.17B	$2.89B	$53.87B

period to 27 Jun 2026, filed 31 Jul 2026, close 7 Aug 2026