TMOThermo Fisher Scientific

$678.28+38% 1Y

RyuScore

Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.

RyuScore 38 out of 100, Below average
Today's price. Only valuation depends on it.

Below average. Thermo Fisher Scientific scores higher than 33% of the 1,794 companies Ryufin scores.

Carried by capital allocation and cycle position, held back by valuation and return on new capital.

Healthcare median 27 · all companies 50

Valuation

26% of the score

7median 13

Thermo Fisher Scientific is valued at 23.9x its operating profit before acquisition amortisation (EBITA), including debt: a rich multiple.

25x
20x
15x
10x
6x
23.9x
Full points at 6x or less, none from 25xfull points

Return on capital

18% of the score

54median 34

Over 7 years the business earned 9.8% a year after tax on the capital it uses.

2%
8%
15%
25%
9.8%
None at 2% or less, full points from 25%full points
Return on capital by year
7 years agolatest 8.5%

Return on new capital

16% of the score

15median 49

Over 6 years yearly profit fell by 2 cents for every dollar earned. New capital earned -4.8%, and 52% of profit went back into the business.

-5%
12%
-2.5%
None at minus 5 cents, full points from 12 centsfull points

Capital allocation

14% of the score

71median 64

How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.

Share countDown 1.1% a year over 5 years: buybacks
76
5%
-3%
-1.1%
0 pointsfull points
Assets against salesAssets grew 9.8% a year, sales 6.7%
63
12%
-2%
3.1%
0 pointsfull points

Cycle position

12% of the score

65median 62

Today's operating margin of 18% is 1.00x its normal 18%: close to its usual level. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.

2x
1.5x
1x
0.7x
1x
A trough earns points, a peak costs themfull points
Operating margin by year, against its normal level
10 years agonow 18%

Balance sheet

8% of the score

24median 50

What the debt weighs against the profit that has to carry it.

Net debt to EBITDA4.1x a year of EBITDA
9
4.5x
0.5x
4.1x
0 pointsfull points
Interest coverOperating profit covers interest 6x
39
1.5x
12x
5.5x
0 pointsfull points

Earnings quality

6% of the score

83median 90

Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.

Cash against profitOperating cash flow was 1.31x profit over 3 years
100
0.7x
1x
1.3x
1.3x
0 pointsfull points
AccrualsCash ran ahead of profit by 1.1% of assets
65
8%
0%
-8%
-1.1%
0 pointsfull points

How the RyuScore works

Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.

Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-27, latest annual report FY2025.