Company valuation ยท Healthcare
TMO: Sell with a $178.73 price target
Thermo Fisher Scientific Inc. Year-to-date profit has improved, but price has outpaced earnings.
- Model target ยท USD
- $178.73 For 2027-09-11
- Model rating
- Sell Reviewed 2026-09-16
- Reference weekly close
- $609.82 2026-09-11 ยท USD

Investment view
Year-to-date profit has improved, but price has outpaced earnings.
Target and reference price
Target for 2027-09-11: $178.73 USD, -70.7% versus the $609.82 weekly close on 2026-09-11. Price return only; dividends, fees and tax excluded.
Price and earnings
Over 1 year (2025-09-12 to 2026-09-11), price changed +27.2% and trailing EPS changed +8.9%. A wider gap changes the earnings multiple; it does not establish fair value.
Supporting evidence
Across 2 completed quarters since 2025-12-31, net income was 3,387.0m versus 3,124.0m in the matching prior-year periods (USD). Check whether the latest quarter changes that direction.
Over one year, the stock changed +27.2% against +19.7% for Healthcare (XLV). The gap is +7.5 percentage points. These are price returns, before dividends.
Risks to the case
Over 1 year (2025-09-12 to 2026-09-11), price changed +27.2% and trailing EPS changed +8.9%. A wider gap changes the earnings multiple; it does not establish fair value.
What to monitor
The latest quarterly margin changed +0.5 percentage points from a year earlier. Check sales volumes, pricing and unusual gains in the next filing.
Recheck the valuation gap alongside profitability and growth after new results. A discount alone does not establish value.
Compare the stock and the market fund over the same dates. Look for a change in relative performance as results arrive.
Valuation assumptions
Starting annual sales growth: 6.69%.
Long-term operating margin: 17.48%.
About this assessment
Review recorded on 2026-09-16. This is a dated summary of an automated company valuation. The full report includes the financial evidence, alternative scenarios and review history. Consult the latest report before using an earlier target. Automated model research, not personal investment advice. Targets depend on assumptions; returns are not guaranteed.