Superworth

Thermo Fisher Scientific price to book ratio TMO

Market value divided by the book value of the company's net assets, since 2009.

Today, Oct 23, 2026
4.5×
10-year median
4.3×
Against its 10-year history
57th
percentile: 0 is its lowest day, 100 its highest
10-year range
2.6× to 6.8×
Peer median
5.1×

Thermo Fisher Scientific's price to book ratio is 4.5× as of Oct 23, 2026.

That is above its ten-year median of 4.3×, close to the middle of its last ten years.

Over that time it ranged from 2.6× in Dec 2016 to 6.8× in Dec 2021.

The median for 9 diagnostics and research stocks of a similar size is 5.1×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far4.5×3.1×4.8×
20254.3×3.0×4.7×
20244.1×4.0×5.1×
20234.5×3.8×5.3×
20225.0×4.5×6.2×
20216.8×5.0×6.8×
20205.8×3.7×6.6×
20194.5×3.3×4.5×
20183.3×3.2×3.7×
20173.1×2.6×3.4×
20162.6×2.4×3.0×
20152.7×2.3×2.8×
20142.5×2.2×2.9×
20132.4×1.5×2.4×
20121.5×1.2×1.5×
20111.1×1.1×1.6×
20101.4×1.1×1.5×
20091.3×1.2×1.3×

Against its peers

Companies in Medical - Diagnostics & Research nearest Thermo Fisher Scientific's size, closest first, today.

CompanyPrice to book ratio
TMOThermo Fisher Scientific4.5×
DHRDanaher3.1×
AAgilent Technologies6.6×
IQVIQVIA7.5×
WATWaters2.9×
IDXXIDEXX Laboratories27.4×
ILMNIllumina14.3×
MTDMettler-Toledo Internationaln/m
DGXQuest Diagnostics3.6×
LHLabcorp3.1×
Peer median5.1×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Thermo Fisher Scientific

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.