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Thermo Fisher Scientific TMO Price / book

Price / book at other companies

Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
1.9×-0.8×
GLW
CorningGLW
9.9×+6.2×
Danaher logo
DanaherDHR
2.5×-0.4×
Idexx Laboratories logo
Idexx LaboratoriesIDXX
28.7×+5.2×
WAT
Waters CorporationWAT
1.9×-9.3×
Agilent Technologies logo
Agilent TechnologiesA
4.6×-0.4×

Other financials

Income statement

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Revenue$11.0B+6.2%
Operating income$1.9B+8.6%
Net income$1.7B+9.6%
EPS (diluted)$4.43+11.3%

Balance sheet

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Cash & equivalents$3.3B-21.4%
Total debt$43.2B+16.6%
Total equity$51.9B+5.1%
Total assets$113.28B+14.4%

Cash flow

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Operating cash flow$1.2B+64.9%
CapEx$376.0M+3.9%
Free cash flow$816.0M+126%

Valuation

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Market cap$171.57B-2.7%
Enterprise value$211.45B+0.9%
P/E25.1×-2.0×
P/S4×-0.8×

Profitability

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Gross margin58.3%—
Operating margin17.2%+0.8pp
Net margin15.2%+1.0pp

Returns & leverage

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Return on equity13.5%-0.2pp
Debt / equity0.8×+0.1×
Current ratio1.5×-0.2×

Where this comes from

Calculated from Thermo Fisher Scientific’s reported figures.

market cap/total stockholders equity=3.5×

Based on the most recent quarter.

The official record: Thermo Fisher Scientific’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Thermo Fisher Scientific's price / book?
Thermo Fisher Scientific (TMO) reported price / book of 3.5× in Q1 2026.
How has Thermo Fisher Scientific's price / book changed year-over-year?
Thermo Fisher Scientific's price / book decreased by 7.5% year-over-year, from 3.8× to 3.5×.
What is the long-term trend for Thermo Fisher Scientific's price / book?
Over 4 years (2021 to 2025), Thermo Fisher Scientific's price / book has grown at a -10.7% compound annual growth rate (CAGR), from 22.8× to 14.5×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.