Thermo Fisher Scientific Inc.’s (NYSE:TMO) Share Price Not Quite Adding Up
When close to half the companies in the United States have price-to-earnings ratios (or “P/E’s”) below 19x, you may consider Thermo Fisher Scientific Inc. (NYSE:TMO) as a stock to avoid entirely with its 32.7x P/E ratio. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s so lofty.
With earnings growth that’s superior to most other companies of late, Thermo Fisher Scientific has been doing relatively well. It seems that many are expecting the strong earnings performance to persist, which has raised the P/E. If not, then existing shareholders might be a little nervous about the viability of the share price.
Check out our latest analysis for Thermo Fisher Scientific
