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Thermo Fisher Scientific Inc. (TMO) Stock Analysis

Score B

Blue Chip · Grade C · Bearish

Healthcare · Diagnostics & Research

$452.55

Fair Value

$406.31

-10.2%

Conviction

8/10

Quality

C

Classification

Blue Chip

Investment Thesis

Price is above modeled value range. Quality supports holding but not attractive for new positions.

Trading above fair value.

For New Investors

Price above modeled value range

For Current Holders

Quantitative score: neutral

Buy if

  • Price drops 15-20% (improves asymmetry)
  • Bull scenario catalysts materialize
  • Market-wide correction creates opportunity

Sell if

  • Bear scenario triggers occur
  • Quality metrics deteriorate (ROIC declining)
  • Better alternatives emerge

Valuation

Fair Value estimate: $406.31 (-10.2%). Approximately at fair value.

PEG-Based EPS

$588.32

FCF DCF Model

$379.35

EV/EBITDA

$354.69

Blended Fair Value

$406.31

Confidence

High

Methods

PEG-Based EPS, FCF 2-Stage DCF, EV/EBITDA

Quality Analysis

C

72/120 points

Investable

ROE (3Y Avg)

12.7%

ROIC-WACC Spread

0.7%

D/E Ratio

0.8x

Current Ratio

1.9x

Interest Coverage

6x

FCF Positive Years

3/3

Quality Flags

  • Low ROE: 12.7% (need >15%, got 16/20 pts)
  • ROIC spread: 0.7pp (got 2/25 pts)
  • Leverage: D/E 0.8x (9/15 pts)

Market Sentiment

Wall Street Consensus

$644.50

+42.4% Upside

25 analysts

Range: $490.00$750.00

Rating: Strong Buy

Our model is more cautious than Wall Street.

Trend & Technical

Bearish

Price ($452.54) is 14.0% below SMA 200 ($526.17). Bearish trend. Caution on entry.

Technical Score34/100

Tech Score 34/100 — Weak technicals. Bearish bias in trend or momentum.

Risk & Reward

Asymmetry Ratio

6.61:1

Expected Return

+14.7%

Bull Upside

+34.4%

Bear Downside

-5.2%

Excellent asymmetry: 6.61:1 ratio. Upside significantly outweighs downside.

Verdict: Very Favorable

Scenario Analysis

Bear

Base

Bull

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Technical Analysis

RSI, MACD, moving averages, trend signals, and momentum indicators.

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Frequently Asked Questions

What is the fair value of TMO?

Based on our multi-method conviction analysis, the estimated fair value of Thermo Fisher Scientific Inc. (TMO) is $406.31. This is calculated by blending PEG-Based EPS, FCF 2-Stage DCF, EV/EBITDA and applying a quality premium of 0% based on the company's fundamentals. The confidence level of this estimate is high.

Is TMO a buy, sell, or hold?

TMO currently has a HOLD rating with a conviction score of 8/10. Price is above modeled value range. Quality supports holding but not attractive for new positions. Price above modeled value range.

Is TMO a high-quality stock?

Thermo Fisher Scientific Inc. has a quality grade of C (72/120 points), rated as Investable. Key metrics include ROE of 12.7%, ROIC-WACC spread of 0.7%, and D/E ratio of 0.8x.

What type of stock is TMO?

TMO is classified as a "blue_chip" in our framework. Low dividend (reinvesting): 0.4%, Mature growth: 1.1%, Large cap: $168.2B, Market-like beta: 0.88, Consistent FCF: 3/3 years positive

What do Wall Street analysts say about TMO?

25 Wall Street analysts have a consensus price target of $644.50 for TMO, representing +42.4% upside. Targets range from $490.00 to $750.00. The consensus recommendation is "Strong Buy". Our model is more cautious than Wall Street.

What are the risks of investing in TMO?

The risk/reward asymmetry ratio for TMO is 6.61:1, rated as Very Favorable. Excellent asymmetry: 6.61:1 ratio. Upside significantly outweighs downside. The expected return is +14.7%, with bull case upside of +34.4% and bear case downside of -5.2%.

What is the current trend for TMO?

TMO is in a bearish trend. Price ($452.54) is 14.0% below SMA 200 ($526.17). Bearish trend. Caution on entry. The technical score is 34/100.

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Last updated: May 19, 2026 · Framework version 3.7

This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making investment decisions.