TMO
StockThermo Fisher Scientific Inc.
One email when a drop — in price or in valuation — is historically rare for TMO. Otherwise we stay quiet.
Bigger than its usual dip. Not yet rare.
Thermo Fisher Scientific Inc. is 19.1% off its high — deeper than its 4.6% average pullback, but it has been through 265 drawdowns before. Not historically significant yet — we'll say so if that changes.
But down is not the same as cheap: Thermo Fisher Scientific Inc.'s P/S Severity Score is 0.2 — its valuation sits in or above its typical range.
Elevated
Current Drawdown
-19.1%
Days in Drawdown
1651
Avg Max Drawdown
4.6%
Avg Length
48
Drawdown Severity Score™
4.0
TMO - Price & High Water Mark
TMO - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
Valuation vs Its Own History
Data as of June 28, 2026 · updated daily
Where today's valuation sits within TMO's own multi-year range, scored with the same Drawdown Severity Score language as price, measured from its typical level rather than its record high — a higher score means it has rarely been cheaper. This is context, not a recommendation.
Price to Sales
Thermo Fisher Scientific Inc. has been cheaper on this measure only about 65% of the time in 20 years of daily history.
EV to EBITDA
Thermo Fisher Scientific Inc. has been cheaper on this measure only about 84% of the time in 20 years of daily history.
Thermo Fisher Scientific Inc. (TMO) Analysis: Current Drawdown Insights
Thermo Fisher Scientific Inc. is currently in a drawdown that is unusual by its own historical standards. As of 2026-07-14, the stock is trading at $534.07, which represents a 19.1% decline from its all-time high of $660.35. This drawdown has persisted for 1651 days.
Based on its full tracked price history, Thermo Fisher Scientific Inc. typically experiences drawdowns averaging 4.6% in depth, with an average duration of 48 days. Thermo Fisher Scientific Inc. has gone through 265 total drawdown events in its tracked history. The largest drawdown on record for Thermo Fisher Scientific Inc. was 71.2%, beginning in 1998. The longest drawdown duration on record was 3035 days.
The Drawdown Severity Score™ for Thermo Fisher Scientific Inc. currently stands at 3.97. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 3.0 and 5.0 indicates an elevated drawdown that's larger than this asset's historical averages.
Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing Thermo Fisher Scientific Inc.'s historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.
📜 Historical Drawdown Events
Current drawdown shown in blue. Showing the most recent and the deepest of 265 tracked pullbacks (68 listed).
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2022-01-05 | Ongoing | 1651 days | -19.1% | $660.35 | $534.07 | n/a |
| 2021-12-28 | 2021-12-29 | 2 days | -1.0% | $655.37 | $648.62 | $655.89 |
| 2021-12-17 | 2021-12-27 | 11 days | -2.4% | $654.42 | $638.68 | $655.37 |
| 2021-11-30 | 2021-12-15 | 16 days | -4.1% | $641.82 | $615.58 | $648.97 |
| 2021-11-04 | 2021-11-29 | 26 days | -4.0% | $635.48 | $610.19 | $641.82 |
| 2021-10-25 | 2021-10-27 | 3 days | -0.7% | $605.40 | $601.23 | $605.73 |
| 2021-09-27 | 2021-10-22 | 26 days | -6.7% | $603.24 | $562.90 | $605.40 |
| 2021-09-20 | 2021-09-21 | 2 days | -1.1% | $590.40 | $583.87 | $590.64 |
| 2021-09-09 | 2021-09-17 | 9 days | -2.3% | $566.18 | $552.88 | $590.40 |
| 2021-08-31 | 2021-09-01 | 2 days | -0.6% | $552.29 | $548.75 | $555.44 |
| 2021-08-18 | 2021-08-30 | 13 days | -2.1% | $550.09 | $538.57 | $552.29 |
| 2021-08-06 | 2021-08-13 | 8 days | -0.9% | $536.29 | $531.25 | $538.55 |
| 2021-08-02 | 2021-08-05 | 4 days | -1.2% | $533.97 | $527.71 | $536.29 |
| 2021-07-26 | 2021-07-29 | 4 days | -0.7% | $526.31 | $522.36 | $527.80 |
| 2020-11-09 | 2021-07-23 | 256 days | -16.7% | $520.92 | $433.95 | $526.31 |
| 2020-10-28 | 2020-11-03 | 7 days | -3.6% | $483.05 | $465.86 | $485.23 |
| 2020-10-23 | 2020-10-26 | 4 days | -0.4% | $475.84 | $474.04 | $476.27 |
| 2020-10-19 | 2020-10-21 | 3 days | -1.6% | $462.61 | $455.40 | $462.78 |
| 2020-10-14 | 2020-10-16 | 3 days | -0.6% | $461.56 | $458.63 | $462.61 |
| 2020-10-06 | 2020-10-07 | 2 days | -1.1% | $444.92 | $440.20 | $446.59 |
| 2020-10-01 | 2020-10-05 | 5 days | -1.5% | $435.88 | $429.51 | $444.92 |
| 2020-09-03 | 2020-09-30 | 28 days | -8.1% | $435.21 | $399.92 | $435.88 |
| 2020-08-24 | 2020-08-31 | 8 days | -2.1% | $422.88 | $414.19 | $423.29 |
| 2020-08-06 | 2020-08-19 | 14 days | -3.0% | $414.33 | $401.84 | $415.04 |
| 2020-08-04 | 2020-08-05 | 2 days | -0.8% | $413.53 | $410.20 | $414.33 |
| 2020-07-28 | 2020-07-31 | 4 days | -1.5% | $407.95 | $401.96 | $408.46 |
| 2020-07-23 | 2020-07-27 | 5 days | -1.1% | $405.31 | $400.99 | $407.95 |
| 2020-07-16 | 2020-07-17 | 2 days | -0.1% | $387.49 | $387.21 | $390.15 |
| 2020-07-10 | 2020-07-15 | 6 days | -2.3% | $382.53 | $373.90 | $387.49 |
| 2020-07-07 | 2020-07-08 | 2 days | -0.5% | $377.20 | $375.20 | $381.50 |
| 2020-07-01 | 2020-07-02 | 2 days | -0.7% | $357.53 | $355.00 | $361.04 |
| 2020-06-24 | 2020-06-30 | 7 days | -2.5% | $352.09 | $343.34 | $357.53 |
| 2020-06-08 | 2020-06-23 | 16 days | -5.0% | $349.27 | $331.76 | $352.09 |
| 2020-06-03 | 2020-06-05 | 3 days | -0.8% | $345.22 | $342.36 | $349.27 |
| 2020-05-19 | 2020-05-29 | 11 days | -4.2% | $342.14 | $327.94 | $344.33 |
| 2020-04-28 | 2020-05-15 | 18 days | -4.7% | $337.94 | $322.17 | $338.15 |
| 2020-01-23 | 2020-04-27 | 95 days | -24.9% | $335.06 | $251.75 | $337.94 |
| 2020-01-21 | 2020-01-22 | 2 days | -0.6% | $334.21 | $332.31 | $335.06 |
| 2020-01-10 | 2020-01-13 | 4 days | -0.3% | $324.77 | $323.91 | $327.15 |
| 2019-12-24 | 2020-01-09 | 17 days | -1.6% | $323.23 | $318.08 | $324.77 |
| 2019-12-17 | 2019-12-19 | 3 days | -0.6% | $316.74 | $314.91 | $318.51 |
| 2019-12-09 | 2019-12-13 | 5 days | -1.2% | $315.23 | $311.60 | $315.61 |
| 2019-11-29 | 2019-12-04 | 6 days | -0.8% | $310.61 | $308.12 | $310.82 |
| 2019-11-21 | 2019-11-22 | 2 days | -0.7% | $302.64 | $300.65 | $303.07 |
| 2019-11-18 | 2019-11-20 | 3 days | -1.9% | $302.13 | $296.40 | $302.64 |
| 2019-07-05 | 2019-11-15 | 134 days | -12.1% | $300.58 | $264.19 | $302.13 |
| 2019-06-25 | 2019-07-01 | 7 days | -1.1% | $290.85 | $287.59 | $294.65 |
| 2019-06-14 | 2019-06-18 | 5 days | -0.3% | $281.69 | $280.73 | $284.60 |
| 2019-04-15 | 2019-06-07 | 54 days | -8.2% | $276.01 | $253.25 | $277.03 |
| 2019-04-09 | 2019-04-10 | 2 days | -0.2% | $273.81 | $273.20 | $274.24 |
| 2019-04-04 | 2019-04-08 | 5 days | -0.6% | $272.18 | $270.50 | $273.81 |
| 2018-12-04 | 2019-02-15 | 74 days | -17.2% | $247.45 | $204.87 | $248.13 |
| 2015-12-30 | 2016-04-04 | 96 days | -14.7% | $139.09 | $118.58 | $140.24 |
| 2015-07-24 | 2015-12-16 | 146 days | -15.9% | $136.41 | $114.75 | $136.58 |
| 2014-03-10 | 2014-11-21 | 257 days | -13.1% | $122.02 | $106.05 | $122.34 |
| 2011-07-08 | 2012-12-11 | 523 days | -33.6% | $62.14 | $41.26 | $62.31 |
| 2008-08-18 | 2011-05-18 | 1004 days | -53.9% | $59.42 | $27.39 | $59.46 |
| 2007-10-24 | 2008-07-30 | 281 days | -15.9% | $56.40 | $47.44 | $56.44 |
| 2006-05-08 | 2006-09-13 | 129 days | -13.8% | $37.39 | $32.22 | $37.39 |
| 1998-01-02 | 2006-04-25 | 3035 days | -71.2% | $35.87 | $10.34 | $35.91 |
| 1996-06-06 | 1997-12-30 | 573 days | -34.5% | $35.81 | $23.44 | $35.87 |
| 1994-10-05 | 1995-02-15 | 134 days | -13.9% | $17.30 | $14.90 | $17.53 |
| 1994-02-03 | 1994-08-18 | 196 days | -17.2% | $16.03 | $13.27 | $16.30 |
| 1992-02-12 | 1993-01-05 | 329 days | -19.6% | $11.38 | $9.16 | $11.66 |
| 1989-10-04 | 1991-05-08 | 582 days | -42.1% | $9.10 | $5.27 | $9.43 |
| 1987-03-06 | 1989-06-07 | 824 days | -60.4% | $6.84 | $2.71 | $7.02 |
| 1986-07-24 | 1987-02-11 | 203 days | -28.5% | $5.50 | $3.94 | $5.78 |
| 1986-04-22 | 1986-06-30 | 69 days | -15.7% | $5.38 | $4.54 | $5.48 |
| 1985-12-05 | 1986-01-22 | 49 days | -14.1% | $3.71 | $3.19 | $3.94 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
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Or explore current drawdowns:
Thermo Fisher Scientific Inc. (TMO) is trading at $534.07 as of Jul 14, 2026. It is 19.1% below its high of $660.35. The drawdown has lasted 1,651 days. Severity score: 4.0 (Elevated).
TMO Price History and Drawdown Data
Latest price
$534.07
High-water mark
$660.35
Current drawdown
-19.1%
Days in drawdown
1,651
This TMO page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior Thermo Fisher Scientific Inc. drawdowns.
What History Says About TMO
Thermo Fisher Scientific Inc. has dropped 20%+ from its high 8 times in its tracked history. These events lasted an average of 855 days with an average max drop of -43.6%.
The current drawdown of -19.1% has lasted 1,651 days, which is 1.9x the average duration of comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Jan 1998 to Apr 2006 | -71.2% | 3035 days |
| Mar 1987 to Jun 1989 | -60.4% | 824 days |
| Aug 2008 to May 2011 | -53.9% | 1004 days |
| Oct 1989 to May 1991 | -42.1% | 582 days |
| Jun 1996 to Dec 1997 | -34.5% | 573 days |
| Jul 2011 to Dec 2012 | -33.6% | 523 days |
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