Johnson & Johnson vs Thermo Fisher Scientific: Fair Value & Quality
Both stocks run through our valuation models. Here is how Johnson & Johnson (JNJ) and Thermo Fisher Scientific (TMO) compare, as of Aug 13, 2026.
As of Aug 13, 2026, Fair Value Calculator sees Johnson & Johnson as the less overvalued of the two: Johnson & Johnson trades at $261 versus a fair value of $169 (-35%), while Thermo Fisher Scientific trades at $603 versus $308 (-49%).
Johnson & Johnson
JNJ · USD · Health Care
-35%
upside to fair value
overvalued
Price$261
Fair Value$169
Quality81/100
Thermo Fisher Scientific
TMO · USD · Health Care
-49%
upside to fair value
overvalued
Price$603
Fair Value$308
Quality63/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Johnson & JohnsonThermo Fisher Scientific
Valuation
29.4×P/E (TTM)29.5×
6.34×P/S (TTM)4.41×
7.49×P/B3.74×
18.4×EV/EBITDA20.0×
4.95×PEG1.74×
2.0%Dividend yield0.3%
$5.20Dividend per share$1.76
Profitability
22%Net margin15%
27%Operating margin18%
26%Return on equity14%
8%Return on assets5%
Growth
10%Revenue growth (YoY)6%
5.6%Avg. growth/yr (3Y)-0.3%
2.7%Avg. growth/yr (5Y)6.7%
Balance & size
0.48×Debt / equity0.67×
$611BMarket cap$199B
healthyGrowth qualityhealthy
Johnson & Johnson leads: 10 to 4 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Johnson & Johnsonof which business quality 76 · market factors 85Thermo Fisher Scientificof which business quality 60 · market factors 69
ProfitabilityMargins and returns on capital today
74
43
Quality GrowthAre margins and returns improving?
73
31
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
87
79
Low VolatilityCalm price path (market factor)
96
69
MomentumPrice trend over the last 3–12 months (market factor)
72
64
52W MomentumDistance to the 52-week high (market factor)
94
77
Net IssuanceBuybacks instead of dilution
90
97
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Johnson & Johnson
DCF Models$171
Earnings-Based$73.34
Dividend Discount$93.41
Multiples$163
Asset-Based$22.70
Growth DCF$129
Economic Profit$102
Growth Earnings$207
26 of 26 models see the stock below the current price.
Thermo Fisher Scientific
DCF Models$354
Earnings-Based$203
Multiples$308
Asset-Based$96.29
Growth DCF$288
Economic Profit$159
Growth Earnings$341
24 of 24 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Johnson & Johnson
Bear $106Fair Value $169Bull $255
$261 = current price (white tick)
Thermo Fisher Scientific
Bear $171Fair Value $308Bull $385
$603 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Johnson & Johnson · Health Care
Quality score81 · Top 25%
Fair value upside-35% · below median
Thermo Fisher Scientific · Health Care
Quality score63 · Top 25%
Fair value upside-49% · below median
Bottom line
As of Aug 13, 2026, Fair Value Calculator sees Johnson & Johnson as the less overvalued of the two: Johnson & Johnson trades at $261 versus a fair value of $169 (-35%), while Thermo Fisher Scientific trades at $603 versus $308 (-49%).
Johnson & Johnson has the higher quality score (81/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
