LearnGlossaryMarketStocksSuperinvestorsSign in

TMO

Thermo Fisher Scientific Inc.

Healthcare · $251.2B market cap

Verdict

Share price

$654.80

close of Oct 3, 2026

Fair value

$230.71

Sticker Price

Payback Price

$92.28

buy price

Overpriced

TMO is Overpriced: at $654.80 it trades 184% above its fair value of $230.71. Its buy price (Payback Price) is $92.28, 86% below today's price. Business quality is solid: 3 of 5 key numbers clear the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

3 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth14.4% a year✓
Equity per share growth8.2% a year✗
Sales growth10.7% a year✓
Free cash flow growth12.8% a year✓
Return on invested capital7.9%✗

Follow TMO

Get notified when it reaches its buy price of $92.28. Free.

Create a free account

Superinvestors

11 of the investors we track hold TMO. In Q2 2026, 1 opened a position, 5 added, 1 trimmed and 1 sold out. Who we track

Dodge & Cox Funds

Dodge & Cox Funds · as of Q2 2026

$1.5B

3,054,778 shares

Viking Global Investors

Viking Global Investors · as of Q2 2026

$971.3M

1,937,415 shares

Lindsell Train

Lindsell Train · as of Q2 2026

$258.0M

514,512 shares

First Pacific Advisors

First Pacific Advisors · as of Q2 2026

$124.5M

248,244 shares

Harry Burn

Sound Shore · as of Q2 2026

$82.9M

165,318 shares

Show all 11 holders

Wallace Weitz

Weitz Investment Management · as of Q2 2026

$57.8M

115,200 shares

Thomas Gayner

Markel Group · as of Q2 2026

$36.6M

73,100 shares

Leon Cooperman

Leon Cooperman · as of Q4 2018

$25.1M

112,200 shares

David Katz

Matrix Asset Advisors · as of Q2 2026

$13.9M

27,668 shares

Mairs & Power Funds

Mairs & Power Funds · as of Q2 2026

$622K

1,241 shares

Hillman Capital Management

Hillman Capital Management · as of Q2 2026

$376K

750 shares

Moves in Q2 2026

New position: Harry Burn

Added: Viking Global Investors, First Pacific Advisors, Hillman Capital Management, Dodge & Cox Funds, David Katz

Trimmed: Lindsell Train

Sold out: William Von Mueffling

Insider activity

Since Aug 6, 2026: no open-market purchases, 64 sales worth $45.3M and 36 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Pettiti Gianluca

President & COO · 2026-08-31

Sold

$2.3M

CASPER MARC N

Chairman & CEO · 2026-08-24

Sold

$39K

CASPER MARC N

Chairman & CEO · 2026-08-24

Sold

$50K

CASPER MARC N

Chairman & CEO · 2026-08-24

Sold

$21K

CASPER MARC N

Chairman & CEO · 2026-08-24

Sold

$63K

Show all 64 sales

CASPER MARC N

Chairman & CEO · 2026-08-21

Sold

$202K

CASPER MARC N

Chairman & CEO · 2026-08-21

Sold

$1.3M

CASPER MARC N

Chairman & CEO · 2026-08-21

Sold

$1.1M

CASPER MARC N

Chairman & CEO · 2026-08-21

Sold

$1.9M

CASPER MARC N

Chairman & CEO · 2026-08-21

Sold

$1.7M

CASPER MARC N

Chairman & CEO · 2026-08-20

Sold

$51K

CASPER MARC N

Chairman & CEO · 2026-08-20

Sold

$354K

CASPER MARC N

Chairman & CEO · 2026-08-20

Sold

$904K

CASPER MARC N

Chairman & CEO · 2026-08-20

Sold

$653K

CASPER MARC N

Chairman & CEO · 2026-08-20

Sold

$787K

CASPER MARC N

Chairman & CEO · 2026-08-20

Sold

$1.6M

CASPER MARC N

Chairman & CEO · 2026-08-20

Sold

$825K

CASPER MARC N

Chairman & CEO · 2026-08-20

Sold

$515K

CASPER MARC N

Chairman & CEO · 2026-08-20

Sold

$569K

Britt Lisa P.

Sr. VP and Chief HR Officer · 2026-08-19

Sold

$7.0M

Shafer Michael D

Executive Vice President · 2026-08-11

Sold

$8.6M

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$69K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$292K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$308K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$134K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$554K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$310K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$605K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$176K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$66K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$66K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$66K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$54K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$4K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$17K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$19K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$7K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$34K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$18K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$37K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$11K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$1K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$3K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$2K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$2K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$1K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$2K

CASPER MARC N

Chairman & CEO · 2026-08-07

Sold

$3K

Holmes Joseph R.

VP & Chief Accounting Officer · 2026-08-07

Sold

$246K

CASPER MARC N

Chairman & CEO · 2026-08-06

Sold

$610K

CASPER MARC N

Chairman & CEO · 2026-08-06

Sold

$579K

CASPER MARC N

Chairman & CEO · 2026-08-06

Sold

$688K

CASPER MARC N

Chairman & CEO · 2026-08-06

Sold

$378K

CASPER MARC N

Chairman & CEO · 2026-08-06

Sold

$137K

CASPER MARC N

Chairman & CEO · 2026-08-06

Sold

$180K

CASPER MARC N

Chairman & CEO · 2026-08-06

Sold

$186K

CASPER MARC N

Chairman & CEO · 2026-08-06

Sold

$260K

CASPER MARC N

Chairman & CEO · 2026-08-06

Sold

$277K

CASPER MARC N

Chairman & CEO · 2026-08-06

Sold

$1.2M

CASPER MARC N

Chairman & CEO · 2026-08-06

Sold

$929K

CASPER MARC N

Chairman & CEO · 2026-08-06

Sold

$1.5M

CASPER MARC N

Chairman & CEO · 2026-08-06

Sold

$934K

CASPER MARC N

Chairman & CEO · 2026-08-06

Sold

$274K

Britt Lisa P.

Sr. VP and Chief HR Officer · 2026-08-06

Sold

$3.4M

Other filings

Pettiti Gianluca

President & COO · 2026-08-31

Option exercise

$1.2M

Britt Lisa P.

Sr. VP and Chief HR Officer · 2026-08-28

Tax withholding

$53K

Britt Lisa P.

Sr. VP and Chief HR Officer · 2026-08-28

Tax withholding

$66K

Britt Lisa P.

Sr. VP and Chief HR Officer · 2026-08-28

Tax withholding

$72K

Britt Lisa P.

Sr. VP and Chief HR Officer · 2026-08-28

Tax withholding

$54K

Show all 36 other filings

Pettiti Gianluca

President & COO · 2026-08-28

Tax withholding

$168K

Pettiti Gianluca

President & COO · 2026-08-28

Tax withholding

$155K

Pettiti Gianluca

President & COO · 2026-08-28

Tax withholding

$189K

Pettiti Gianluca

President & COO · 2026-08-28

Tax withholding

$132K

Holmes Joseph R.

VP & Chief Accounting Officer · 2026-08-28

Tax withholding

$9K

Holmes Joseph R.

VP & Chief Accounting Officer · 2026-08-28

Tax withholding

$7K

Holmes Joseph R.

VP & Chief Accounting Officer · 2026-08-28

Tax withholding

$8K

Holmes Joseph R.

VP & Chief Accounting Officer · 2026-08-28

Tax withholding

$7K

Shafer Michael D

Executive Vice President · 2026-08-28

Tax withholding

$141K

Shafer Michael D

Executive Vice President · 2026-08-28

Tax withholding

$118K

Shafer Michael D

Executive Vice President · 2026-08-28

Tax withholding

$131K

Shafer Michael D

Executive Vice President · 2026-08-28

Tax withholding

$101K

Shropshire Thomas B Jr.

SVP and General Counsel · 2026-08-28

Tax withholding

$31K

Meyer James

Sr. Vice President & CFO · 2026-08-28

Tax withholding

$71K

Meyer James

Sr. Vice President & CFO · 2026-08-28

Tax withholding

$34K

Meyer James

Sr. Vice President & CFO · 2026-08-28

Tax withholding

$12K

Meyer James

Sr. Vice President & CFO · 2026-08-28

Tax withholding

$28K

Meyer James

Sr. Vice President & CFO · 2026-08-28

Tax withholding

$23K

CASPER MARC N

Chairman & CEO · 2026-08-28

Tax withholding

$331K

CASPER MARC N

Chairman & CEO · 2026-08-28

Tax withholding

$451K

CASPER MARC N

Chairman & CEO · 2026-08-24

Option exercise

$85K

Meyer James

Sr. Vice President & CFO · 2026-08-22

Tax withholding

$19K

CASPER MARC N

Chairman & CEO · 2026-08-21

Option exercise

$3.1M

CASPER MARC N

Chairman & CEO · 2026-08-20

Option exercise

$3.1M

Britt Lisa P.

Sr. VP and Chief HR Officer · 2026-08-19

Option exercise

$4.8M

Shafer Michael D

Executive Vice President · 2026-08-11

Option exercise

$3.5M

Shafer Michael D

Executive Vice President · 2026-08-11

Option exercise

$6.0M

CASPER MARC N

Chairman & CEO · 2026-08-07

Option exercise

$85K

Holmes Joseph R.

VP & Chief Accounting Officer · 2026-08-07

Option exercise

$130K

CASPER MARC N

Chairman & CEO · 2026-08-06

Option exercise

$3.1M

Britt Lisa P.

Sr. VP and Chief HR Officer · 2026-08-06

Option exercise

$1.8M

About Thermo Fisher Scientific Inc.

Thermo Fisher Scientific Inc. is a global leader in scientific services, providing a comprehensive range of offerings that include life sciences solutions, advanced analytical instruments, specialized diagnostic products, and an extensive portfolio of laboratory supplies and biopharmaceutical services. The company's reach extends across North America, Europe, Asia-Pacific, and other international markets. Its Life…

Medical - Diagnostics & Research

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works