Thermo Fisher Scientific (WBO:TMOF) Debt-to-EBITDA : (As of Jun. 2026)

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WBO:TMOF Thermo Fisher Scientific Inc WBO:TMOF
76 GF Score
Price €569.20
GF Value €525.55
Valuation Fairly Valued
! 10 Warning Signs
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What is Thermo Fisher Scientific Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Thermo Fisher Scientific's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €2,946 Mil. Thermo Fisher Scientific's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €34,270 Mil. Thermo Fisher Scientific's annualized EBITDA for the quarter that ended in Jun. 2026 was €11,150 Mil. Thermo Fisher Scientific's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 3.34.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Thermo Fisher Scientific's Debt-to-EBITDA or its related term are showing as below:

WBO:TMOF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.15   Med: 2.99   Max: 4.16
Current: 3.53

During the past 13 years, the highest Debt-to-EBITDA Ratio of Thermo Fisher Scientific was 4.16. The lowest was 2.15. And the median was 2.99.

WBO:TMOF's Debt-to-EBITDA is ranked worse than
68.64% of 118 companies
in the Medical Diagnostics & Research industry
Industry Median: 2.475 vs WBO:TMOF: 3.53

Thermo Fisher Scientific  (WBO:TMOF) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Thermo Fisher Scientific Debt-to-EBITDA Related Terms


Thermo Fisher Scientific Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Thermo Fisher Scientific's Debt-to-EBITDA 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 Debt-to-EBITDA Chart

Thermo Fisher Scientific Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
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Thermo Fisher Scientific Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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WBO:TMOF vs DHR, NTRA, IDXX: Debt-to-EBITDA Comparison

For the Diagnostics & Research subindustry, Thermo Fisher Scientific's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Medical Diagnostics & Research Industry

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

* The bar in red indicates where Thermo Fisher Scientific's Debt-to-EBITDA falls into.


WBO:TMOF
76GF Score
Thermo Fisher Scientific Inc WBO:TMOF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Thermo Fisher Scientific Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Thermo Fisher Scientific's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(3242.3687683596 + 31544.127038188) / 10447.661141906
=3.33

Thermo Fisher Scientific's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2945.8584798391 + 34270.095338056) / 11149.816938433
=3.34

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.

Is Thermo Fisher Scientific (WBO:TMOF) Overvalued in 2026?

Based on GuruFocus' analysis, Thermo Fisher Scientific stock appears to be overvalued. The current stock price of €569.20 is trading 8.3% above its estimated GF Value™ of €525.55. GuruFocus considers Thermo Fisher Scientific to be Fairly Valued.

Key valuation signals for WBO:TMOF:

  • Debt-to-EBITDA:
  • GF Value™: €525.55 vs. price of €569.20 (8.3% above fair value)
  • GF Score™: 76/100 with 10 warning signs

No single metric tells the full story. See the WBO:TMOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


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 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).
76GF Score

Get the complete analysis for WBO:TMOF

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€569.20
Price
€525.55
GF Value