Thermo Fisher Scientific (TMO) Price to Book (2009 - 2026)
Thermo Fisher Scientific's Price to Book came in at 4.55 for Q3 2026, up 33.1% from 3.42 a year earlier and up 26.3% from the prior quarter.
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Analysis
Thermo Fisher Scientific (TMO) Price to Book (2009 - 2026) Analysis & Trends
For FY2025, Thermo Fisher Scientific's Price to Book was 4.03, up 1.7% from FY2024.
- Going back by year, Price to Book was 3.96 in FY2024 (-8.6%), 4.33 in FY2023 (-10.1%), 4.82 in FY2022 (-24.6%) and 6.39 in FY2021 (+20.2%).
- The Q3 2026 figure represents the highest quarterly Price to Book since Q3 2024.
- Year-over-year, Price to Book increased in three of the last eight quarters, with an average decline of 6.1%.
- The fastest year-over-year change in Price to Book over five years came in Q3 2026 (growth of 33.1%), and the weakest in Q2 2025 (a decline of 31.4%).
- Business Quant data shows TMO's Price to Book at 3.60 (Q2 2026), 3.39 (Q1 2026) and 4.03 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn |
| 10 | Agilent Technologies | 50.15 Bn | 43.04 Bn | 1.04 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 26, 2026 | 4.56 |
| Jun 27, 2026 | 3.60 |
| Mar 28, 2026 | 3.39 |
| Dec 31, 2025 | 4.03 |
| Sep 27, 2025 | 3.42 |
| Jun 28, 2025 | 3.05 |
| Mar 29, 2025 | 3.83 |
| Dec 31, 2024 | 3.96 |
| Sep 28, 2024 | 4.80 |
| Jun 29, 2024 | 4.45 |
| Mar 30, 2024 | 4.88 |
| Dec 31, 2023 | 4.33 |
| Sep 30, 2023 | 4.31 |
| Jul 1, 2023 | 4.60 |
| Apr 1, 2023 | 5.25 |
| Dec 31, 2022 | 4.82 |
| Oct 1, 2022 | 4.56 |
| Jul 2, 2022 | 5.07 |
| Apr 2, 2022 | 5.65 |
| Dec 31, 2021 | 6.39 |
API Access
Thermo Fisher Scientific Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=TMO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "TMO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=TMO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();