Thermo Fisher Scientific vs Amgen: Fair Value & Quality
Both stocks run through our valuation models. Here is how Thermo Fisher Scientific (TMO) and Amgen (AMGN) compare, as of Aug 13, 2026.
As of Aug 13, 2026, Fair Value Calculator sees Amgen as the less overvalued of the two: Thermo Fisher Scientific trades at $605 versus a fair value of $308 (-49%), while Amgen trades at $414 versus $252 (-39%).
Thermo Fisher Scientific
TMO · USD · Health Care
-49%
upside to fair value
overvalued
Price$605
Fair Value$308
Quality63/100
Amgen
AMGN · USD · Health Care
-39%
upside to fair value
overvalued
Price$414
Fair Value$252
Quality63/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Thermo Fisher ScientificAmgen
Valuation
29.5×P/E (TTM)25.3×
4.41×P/S (TTM)5.27×
3.74×P/B22.65×
20.0×EV/EBITDA14.0×
1.74×PEG2.02×
0.3%Dividend yield2.7%
$1.76Dividend per share$9.66
Profitability
15%Net margin21%
18%Operating margin34%
14%Return on equity101%
5%Return on assets8%
Growth
6%Revenue growth (YoY)6%
-0.3%Avg. growth/yr (3Y)11.8%
6.7%Avg. growth/yr (5Y)7.6%
Balance & size
0.67×Debt / equity5.78×
$199BMarket cap$196B
healthyGrowth qualityhealthy
Amgen leads: 5 to 9 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.
Thermo Fisher Scientificof which business quality 60 · market factors 69Amgenof which business quality 60 · market factors 82
ProfitabilityMargins and returns on capital today
43
64
Quality GrowthAre margins and returns improving?
31
79
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
79
42
Low VolatilityCalm price path (market factor)
69
87
MomentumPrice trend over the last 3–12 months (market factor)
64
71
52W MomentumDistance to the 52-week high (market factor)
78
94
Net IssuanceBuybacks instead of dilution
97
81
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.
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.
Amgen
DCF Models$275
Earnings-Based$151
Dividend Discount$167
Multiples$249
Asset-Based$10.75
Growth DCF$214
Economic Profit$129
Growth Earnings$261
25 of 26 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.
Thermo Fisher Scientific
Bear $175Fair Value $308Bull $385
$605 = current price (white tick)
Amgen
Bear $139Fair Value $252Bull $340
$414 = current price (white tick)
Compare two other stocks
Tap a field and type again, ticker or company name.
Free, no sign-up
Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Thermo Fisher Scientific · Health Care
Quality score63 · above median
Fair value upside-49% · below median
Amgen · Health Care
Quality score63 · above median
Fair value upside-39% · below median
Bottom line
As of Aug 13, 2026, Fair Value Calculator sees Amgen as the less overvalued of the two: Thermo Fisher Scientific trades at $605 versus a fair value of $308 (-49%), while Amgen trades at $414 versus $252 (-39%).
Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.
A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
