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TMO (Thermo Fisher Scientific) Cyclically Adjusted Price-to-FCF : 26.40 (As of Jun. 02, 2025)


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What is Thermo Fisher Scientific Cyclically Adjusted Price-to-FCF?

As of today (2025-06-02), Thermo Fisher Scientific's current share price is $402.82. Thermo Fisher Scientific's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $15.26. Thermo Fisher Scientific's Cyclically Adjusted Price-to-FCF for today is 26.40.

The historical rank and industry rank for Thermo Fisher Scientific's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TMO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 25.8   Med: 42.06   Max: 69.7
Current: 26.39

During the past years, Thermo Fisher Scientific's highest Cyclically Adjusted Price-to-FCF was 69.70. The lowest was 25.80. And the median was 42.06.

TMO's Cyclically Adjusted Price-to-FCF is ranked better than
50% of 66 companies
in the Medical Diagnostics & Research industry
Industry Median: 27.69 vs TMO: 26.39

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Thermo Fisher Scientific's adjusted free cash flow per share data for the three months ended in Mar. 2025 was $0.953. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $15.26 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Thermo Fisher Scientific Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Thermo Fisher Scientific's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Thermo Fisher Scientific Cyclically Adjusted Price-to-FCF Chart

Thermo Fisher Scientific Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.05 66.55 46.53 39.61 34.77

Thermo Fisher Scientific Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41.88 39.14 42.72 34.77 32.60

Competitive Comparison of Thermo Fisher Scientific's Cyclically Adjusted Price-to-FCF

For the Diagnostics & Research subindustry, Thermo Fisher Scientific's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Thermo Fisher Scientific's Cyclically Adjusted Price-to-FCF Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Thermo Fisher Scientific's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Thermo Fisher Scientific's Cyclically Adjusted Price-to-FCF falls into.


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Thermo Fisher Scientific Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Thermo Fisher Scientific's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=402.82/15.26
=26.40

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Thermo Fisher Scientific's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Thermo Fisher Scientific's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.953/134.9266*134.9266
=0.953

Current CPI (Mar. 2025) = 134.9266.

Thermo Fisher Scientific Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 1.668 100.684 2.235
201509 1.599 100.392 2.149
201512 3.037 99.792 4.106
201603 0.551 100.470 0.740
201606 2.014 101.688 2.672
201609 1.820 101.861 2.411
201612 2.710 101.863 3.590
201703 0.680 102.862 0.892
201706 1.936 103.349 2.528
201709 2.043 104.136 2.647
201712 4.087 104.011 5.302
201803 -0.099 105.290 -0.127
201806 3.106 106.317 3.942
201809 2.579 106.507 3.267
201812 3.736 105.998 4.756
201903 1.112 107.251 1.399
201906 2.665 108.070 3.327
201909 2.230 108.329 2.778
201912 4.030 108.420 5.015
202003 0.258 108.902 0.320
202006 4.063 108.767 5.040
202009 5.870 109.815 7.212
202012 6.900 109.897 8.472
202103 3.401 111.754 4.106
202106 4.260 114.631 5.014
202109 5.355 115.734 6.243
202112 4.096 117.630 4.698
202203 3.954 121.301 4.398
202206 2.594 125.017 2.800
202209 3.519 125.227 3.792
202212 7.492 125.222 8.073
202303 0.698 127.348 0.740
202306 3.237 128.729 3.393
202309 5.366 129.860 5.575
202312 8.552 129.419 8.916
202403 2.354 131.776 2.410
202406 4.332 132.554 4.410
202409 4.932 133.029 5.002
202412 7.337 133.157 7.435
202503 0.953 134.927 0.953

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Thermo Fisher Scientific  (NYSE:TMO) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Thermo Fisher Scientific Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Thermo Fisher Scientific's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Thermo Fisher Scientific Business Description

Address
168 Third Avenue, Waltham, MA, USA, 02451
Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. The firm operates through four segments as of year end-2024 (revenue figures include some cross-segment revenue): analytical technologies (17% of sales); specialty diagnostic products (11%); life science solutions (23%); and lab products and services, which includes CRO services (54%).
Executives
Gianluca Pettiti officer: Executive Vice President C/O BUTTERFLY NETWORK, INC., 530 OLD WHITFIELD STREET, GUILFORD CT 06437
Michael A Boxer officer: Sr. VP and Gen. Counsel 168 THIRD AVENUE, WALTHAM MA 02451
Marc N Casper officer: Senior Vice President C/O THERMO FISHER SCIENTIFIC, 168 THIRD AVENUE, WALTHAM MA 02451
Nelson Chai director C/O CIT GROUP, 1 CIT DRIVE, #3251-9, LIVINGSTON NJ 07039
Stephen Williamson officer: Sr. VP and CFO 81 WYMAN STREET, WALTHAM MA 02451
Lisa P. Britt officer: Sr. VP and Chief HR Officer 168 THIRD AVENUE, WALTHAM MA 02451
Joseph R. Holmes officer: VP & Chief Accounting Officer 168 THIRD AVENUE, WALTHAM MA 02451
Michel Lagarde officer: Senior Vice President 450 LEXINGTON AVE., 31ST FLOOR, NEW YORK NY 10017
Debora L Spar director C/O GOLDMAN, SACHS & CO., 200 WEST STREET, NEW YORK NY 10282
Jennifer M Johnson director C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906
Jim P Manzi director 81 WYMAN ST, POST OFFICE BOX 9046, WALTHAM MA 02454
Ruby R Chandy director 630 DUNDEE ROAD, SUITE 400, NORTHBROOK IL 60062
Mark P Stevenson officer: Executive Vice President 850 LINCOLN CENTRE DRIVE, FOSTER CITY CA 94404
R. Alexandra Keith director ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Peter E Hornstra officer: Chief Accounting Officer 81 WYMAN ST, POST OFFICE BOX 9046, WALTHAM MA 02454