Thermo Fisher Scientific Inc P/B Ratio
Data as of August 04, 2026
P/B Ratio
4.04
Stock Price
$574.03
Book Value/Share
$141.96
Sector
Life Sciences Tools & Services
How It's Calculated
4.04 = $574.03 ÷ $141.96
What This Means
Thermo Fisher Scientific Inc's P/B ratio of 4.04 is between 3 and 6. A higher multiple can reflect expected returns, intangible assets, accounting effects, or market optimism, but it does not by itself establish quality or overvaluation.
About Thermo Fisher Scientific Inc
Thermo Fisher Scientific Inc (TMO) operates in the Life Sciences Tools & Services sector, specifically in Life Sciences Tools & Services. With a market capitalization of about $213.42B, it ranks as a mega-cap stock — one of the largest publicly traded companies.
Shares recently traded near $574.03, within a 52-week range of $435.27 to $643.99 (-10.9% from the high, +31.9% from the low). Beta of 0.85 is broadly in line with typical market sensitivity.
Trailing profit margin is about 15.0%, signaling a solid profit margin for its industry.
Understanding This Metric
The price-to-book ratio compares market price to net asset value per share. For Thermo Fisher Scientific Inc, P/B is especially useful when earnings are volatile or temporarily depressed. In Life Sciences Tools & Services, asset-heavy business models often anchor closer to book value, while asset-light models may trade far above book.
Sector Comparison
Among Life Sciences Tools & Services names on our S&P 100 coverage, Thermo Fisher Scientific Inc's P/B ratio of 4.04 can be compared with peers such as DHR (2.66). Sector context helps interpretation, but each company's growth profile and balance sheet differ — use multiple metrics before drawing conclusions. View all Life Sciences Tools & Services stocks.
Key Takeaways
- TMO is grouped in the Life Sciences Tools & Services sector for peer comparisons.
- Recent beta of 0.85 suggests lower-than-market price sensitivity.
- Trailing profit margin of 15.0% provides context for how much earnings support the headline multiple.
Related Tools & Guides
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Frequently Asked Questions
What does TMO's price-to-book ratio indicate?
P/B compares share price to book value per share. Thermo Fisher Scientific Inc's P/B of 4.04 reflects how the market prices net assets — especially relevant for asset-heavy Life Sciences Tools & Services business models.
Is 4.04 above or below book value?
A P/B above 1.0 (4.04) means the market values TMO above accounting book value — often due to brands, growth, or intangible assets.
How does P/B compare within Life Sciences Tools & Services?
Peer P/B levels in Life Sciences Tools & Services (e.g. DHR (2.66)) provide context; asset-light vs asset-heavy models differ materially.
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