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Thermo Fisher ScientificBUE:TMO +0.49%72 Cyclically Adjusted PS Ratio is 6.11 as of Aug. 24, 2026, which is 5% below its 10-year median of 6.43. GuruFocus rates BUE:TMO with a GF Score™ of 72/100 and a GF Value™ of ARS42,967.45 (Fairly Valued). The stock has 10 warning signs investors should review. Among 136 Medical Diagnostics & Research companies, Thermo Fisher Scientific ranks worse than 75.74% on this metric.
The historical rank and industry rank for Thermo Fisher Scientific's Cyclically Adjusted PS Ratio or its related term are showing as below:
BUE:TMO'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.16 Med: 6.43 Max: 10.98
Current: 6.02
During the past years, Thermo Fisher Scientific's highest Cyclically Adjusted PS Ratio was 10.98. The lowest was 4.16. And the median was 6.43.
BUE:TMO's Cyclically Adjusted PS Ratio is ranked worse than 75.74% of 136
companies
in the Medical Diagnostics & Research industry
Industry Median: 2.18
vs BUE:TMO: 6.02
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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Thermo Fisher Scientific's adjusted revenue per share data for the three months ended in Jun. 2026 was ARS47,885.577. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ARS7,439.64 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Thermo Fisher Scientific (BUE:TMO) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.
Thermo Fisher Scientific Cyclically Adjusted PS Ratio Related Terms
Thermo Fisher Scientific Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Thermo Fisher Scientific's Cyclically Adjusted PS Ratio 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.
Thermo Fisher Scientific Cyclically Adjusted PS Ratio Chart
BUE:TMO vs DHR, IDXX, A: Cyclically Adjusted PS Ratio Comparison
For the Diagnostics & Research subindustry, Thermo Fisher Scientific's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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 Cyclically Adjusted PS Ratio vs Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Thermo Fisher Scientific's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Thermo Fisher Scientific's Cyclically Adjusted PS Ratio falls into.
Thermo Fisher Scientific Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.
* 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.
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.
What does a Cyclically Adjusted PS Ratio of 6.11 mean?
Thermo Fisher Scientific (BUE:TMO) has a Cyclically Adjusted PS Ratio of 6.11 as of Aug. 24, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Thermo Fisher Scientific and its competitors. This is near median its historical median of 6.43. Over the past decade, Thermo Fisher Scientific's Cyclically Adjusted PS Ratio has ranged from 4.16 to 10.98. According to the industry distribution chart, Thermo Fisher Scientific ranks #103 out of 136 companies in the Medical Diagnostics & Research industry, placing it in the top 75.7%.
Is Thermo Fisher Scientific's Cyclically Adjusted PS Ratio too high?
Thermo Fisher Scientific's current Cyclically Adjusted PS Ratio of 6.11 is near median its 10-year median of 6.43. Over the past 10 years, this metric has ranged from a low of 4.16 to a high of 10.98. The Medical Diagnostics & Research industry median Cyclically Adjusted PS Ratio is 2.18. Thermo Fisher Scientific's value of 6.11 is 180.3% above this industry median. Based on the distribution chart, Thermo Fisher Scientific ranks #103 out of 136 companies in the Medical Diagnostics & Research industry, which is in the bottom quartile relative to peers. Overall, Thermo Fisher Scientific has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thermo Fisher Scientific's Cyclically Adjusted PS Ratio compare to DHR and IDXX?
According to the Medical Diagnostics & Research industry distribution chart, Thermo Fisher Scientific ranks #103 out of 136 companies for Cyclically Adjusted PS Ratio. This places Thermo Fisher Scientific in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.18. Thermo Fisher Scientific's value of 6.11 is 180.3% above this benchmark. Historically, Thermo Fisher Scientific's own Cyclically Adjusted PS Ratio has ranged from 4.16 to 10.98 over the past decade. While the company's 10-year median is 6.43 vs. the industry median of 2.18, Thermo Fisher Scientific has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Medical Diagnostics & Research company?
The median Cyclically Adjusted PS Ratio among Medical Diagnostics & Research companies is 2.18, based on 136 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thermo Fisher Scientific's current Cyclically Adjusted PS Ratio of 6.11 is 180.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Thermo Fisher Scientific and its competitors. For the Medical Diagnostics & Research industry, the median Cyclically Adjusted PS Ratio is 2.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thermo Fisher Scientific's current Cyclically Adjusted PS Ratio is 6.11, which is near median its own 10-year median of 6.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thermo Fisher Scientific stock overvalued right now?
Based on GuruFocus' analysis, Thermo Fisher Scientific (BUE:TMO) is currently considered Fairly Valued. The stock's GF Value™ is ARS42,967.45, compared to a current price of ARS45,440.00 — trading 5.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 6.11, which is near median its 10-year median of 6.43 and 180.3% above the Medical Diagnostics & Research industry median of 2.18. Thermo Fisher Scientific's overall GF Score™ is 72/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Thermo Fisher Scientific (BUE:TMO), the current Cyclically Adjusted PS Ratio is 6.11 as of Aug. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Thermo Fisher Scientific (BUE:TMO) Overvalued in 2026?
Based on GuruFocus' analysis, Thermo Fisher Scientific stock appears to be overvalued.
The current stock price of ARS45,440.00 is trading 5.8% above its estimated GF Value™ of ARS42,967.45.
GuruFocus considers Thermo Fisher Scientific to be Fairly Valued.
Key valuation signals for BUE:TMO:
Cyclically Adjusted PS Ratio: 6.11 (near median its 10-year median of 6.43)
GF Value™: ARS42,967.45 vs. price of ARS45,440.00 (5.8% above fair value)
Industry Position: 180.3% above the Medical Diagnostics & Research median (#103 of 136)
No single metric tells the full story. See the BUE:TMO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 2025 (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 (the remainder).
72GF Score
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