TMO Price / Book | THERMO FISHER SCIENTIFIC INC.

THERMO FISHER SCIENTIFIC INC. Price/Book Ratio

The price-to-book (P/B) ratio compares what the stock market says a company is worth with what the company's own books say it is worth. It is market capitalization divided by shareholder equity, the book value left after subtracting liabilities from assets, and the table shows both amounts. A ratio of 1.0 means market value equals book value; a higher ratio means investors value the company above its net assets, often for brands, software or expected growth the books do not record. A negative ratio means equity is negative. Each point uses the filed share count and the last closing price on or before the equity's reporting date, never today's price.

THERMO FISHER SCIENTIFIC INC. price/book ratio for the quarter ending 2026-06-27 was 3.6, a 18.00% increase year-over-year.
THERMO FISHER SCIENTIFIC INC. price/book ratio for the quarter ending 2026-03-28 was 3.39, a 11.39% decline year-over-year.
THERMO FISHER SCIENTIFIC INC. price/book ratio for the quarter ending 2025-12-31 was 4.08, a 1.58% increase year-over-year.
THERMO FISHER SCIENTIFIC INC. price/book ratio for the quarter ending 2025-09-27 was 3.42, a 28.74% decline year-over-year.
THERMO FISHER SCIENTIFIC INC. price/book ratio for fiscal 2026 was 3.6.
THERMO FISHER SCIENTIFIC INC. price/book ratio for fiscal 2025 was 4.08, a 1.58% increase from fiscal 2024.
THERMO FISHER SCIENTIFIC INC. price/book ratio for fiscal 2024 was 4.01, a 8.55% decline from fiscal 2023.
THERMO FISHER SCIENTIFIC INC. price/book ratio for fiscal 2023 was 4.39, a 10.65% decline from fiscal 2022.

Available history: 2009-06-27 to 2026-06-27
Data captured: 2026-06-27

Historical Price/Book Ratio

Date	Price/Book Ratio	Market capitalization	Shareholder equity
2026-06-27	3.6	$189.7B	$52.68B
2026-03-28	3.39	$175.91B	$51.93B
2025-12-31	4.08	$217.72B	$53.41B
2025-09-27	3.42	$174.4B	$51.02B
2025-06-28	3.05	$154.15B	$50.51B
2025-03-29	3.82	$188.81B	$49.39B
2024-12-31	4.01	$198.99B	$49.58B
2024-09-28	4.8	$235.02B	$48.99B
2024-06-29	4.45	$211.24B	$47.43B
2024-03-30	4.87	$221.86B	$45.52B
2023-12-31	4.39	$205.08B	$46.74B
2023-09-30	4.31	$195.57B	$45.33B
2023-07-01	4.6	$201.37B	$43.75B
2023-04-01	5.26	$222.32B	$42.26B
2022-12-31	4.91	$215.98B	$43.98B
2022-10-01	4.57	$198.92B	$43.55B
2022-07-02	5.08	$214.81B	$42.29B
2022-04-02	5.66	$231.88B	$40.96B
2021-12-31	6.45	$262.92B	$40.79B
2021-10-02	5.83	$225.68B	$38.71B
2021-07-03	5.48	$201.95B	$36.85B
2021-04-03	5.12	$179.34B	$35.06B
2020-12-31	5.35	$184.61B	$34.51B
2020-09-26	5.26	$167.37B	$31.82B
2020-06-27	4.65	$138.83B	$29.88B
2020-03-28	3.79	$108.35B	$28.56B
2019-12-31	4.39	$130.27B	$29.68B
2019-09-28	3.93	$115.24B	$29.36B
2019-06-29	4.09	$117.61B	$28.73B
2019-03-30	3.95	$109.48B	$27.69B
2018-12-31	3.27	$90.09B	$27.59B
2018-09-29	3.65	$98.26B	$26.89B
2018-06-30	3.16	$83.44B	$26.45B
2018-03-31	3.18	$83.06B	$26.12B
2017-12-31	3	$76.14B	$25.41B
2017-09-30	3.07	$75.87B	$24.7B
2017-07-01	3.04	$68.06B	$22.39B
2017-04-01	2.76	$60.09B	$21.8B
2016-12-31	2.59	$55.74B	$21.54B
2016-10-01	2.9	$62.83B	$21.66B
2016-07-02	2.77	$58.84B	$21.26B
2016-04-02	2.68	$56.14B	$20.92B
2015-12-31	2.65	$56.61B	$21.35B
2015-09-26	2.35	$48.95B	$20.85B
2015-06-27	2.55	$52.68B	$20.68B
2015-03-28	2.67	$53.22B	$19.91B
2014-12-31	2.44	$50.12B	$20.55B
2014-09-27	2.37	$48.55B	$20.51B
2014-06-28	2.29	$47.24B	$20.66B
2014-03-29	2.31	$47.27B	$20.43B
2013-12-31	2.39	$40.24B	$16.86B
2013-09-28	2.04	$33.61B	$16.44B
2013-06-29	1.93	$30.51B	$15.8B
2013-03-30	1.76	$27.45B	$15.6B
2012-12-31	1.49	$22.97B	$15.46B
2012-09-29	1.39	$21.19B	$15.29B
2012-06-30	1.26	$18.98B	$15.09B
2012-03-31	1.35	$20.71B	$15.29B
2011-12-31	1.13	$17.01B	$15.04B
2011-10-01	1.26	$19.16B	$15.2B
2011-07-02	1.58	$24.83B	$15.67B
2011-04-02	1.41	$21.45B	$15.25B
2010-12-31	1.43	$22B	$15.36B
2010-10-02	1.23	$19.01B	$15.4B
2010-07-03	1.26	$19.39B	$15.35B
2010-04-03	1.37	$21.25B	$15.48B
2009-12-31	1.26	$19.47B	$15.43B
2009-09-26	1.17	$17.97B	$15.4B
2009-06-27	1.13	$17.11B	$15.08B

Annual Price/Book Ratio

Date	Price/Book Ratio	Market capitalization	Shareholder equity
2026-06-27	3.6	$189.7B	$52.68B
2025-12-31	4.08	$217.72B	$53.41B
2024-12-31	4.01	$198.99B	$49.58B
2023-12-31	4.39	$205.08B	$46.74B
2022-12-31	4.91	$215.98B	$43.98B
2021-12-31	6.45	$262.92B	$40.79B
2020-12-31	5.35	$184.61B	$34.51B
2019-12-31	4.39	$130.27B	$29.68B
2018-12-31	3.27	$90.09B	$27.59B
2017-12-31	3	$76.14B	$25.41B
2016-12-31	2.59	$55.74B	$21.54B
2015-12-31	2.65	$56.61B	$21.35B
2014-12-31	2.44	$50.12B	$20.55B
2013-12-31	2.39	$40.24B	$16.86B
2012-12-31	1.49	$22.97B	$15.46B
2011-12-31	1.13	$17.01B	$15.04B
2010-12-31	1.43	$22B	$15.36B
2009-12-31	1.26	$19.47B	$15.43B

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