P/E Ratio Insights for Thermo Fisher Scientific
Portfolio Pulse from Benzinga Insights
Thermo Fisher Scientific Inc. (NYSE:TMO) shares are trading at $576.38, down 0.88% in the current session. The stock has decreased by 3.10% over the past month but increased by 10.82% over the past year. The company's P/E ratio is lower than the industry average, which could indicate undervaluation or low future growth expectations.
June 11, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Thermo Fisher Scientific's stock is currently trading at $576.38, down 0.88% today. The stock has decreased by 3.10% over the past month but increased by 10.82% over the past year. Its P/E ratio is lower than the industry average, which could indicate that the stock is undervalued or that shareholders have low future growth expectations.
The stock's short-term performance has been negative, but its long-term performance has been positive. The lower P/E ratio compared to the industry average suggests potential undervaluation, but it could also indicate low future growth expectations. Investors should consider other financial metrics and qualitative analysis before making decisions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100