TMO
Thermo Fisher Scientific Inc. Healthcare - Life Sciences Investor Relations →
Thermo Fisher Scientific Inc. (TMO) closed at $474.39 as of 2026-03-20, trading 10.8% below its 200-week moving average of $531.78. This places TMO in the extreme value zone. The stock moved further from the line this week, up from -12.8% last week. The 14-week RSI sits at 32, indicating neutral momentum.
Trading volume is running at 1.3x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.70 ratio) is neutral — neither side is clearly dominating.
Over the past 2352 weeks of data, TMO has crossed below its 200-week moving average 32 times. On average, these episodes lasted 14 weeks. Historically, investors who bought TMO at the start of these episodes saw an average one-year return of +22.1%.
With a market cap of $176.2 billion, TMO is a large-cap stock. The company generates a free cash flow yield of 2.5%. Return on equity stands at 13.0%. The stock trades at 3.3x book value.
Over the past 33.2 years, a hypothetical investment of $100 in TMO would have grown to $3945, compared to $2683 for the S&P 500. That represents an annualized return of 11.7% vs 10.4% for the index — confirming TMO as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: TMO vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After TMO Crosses Below the Line?
Across 19 historical episodes, buying TMO when it crossed below its 200-week moving average produced an average return of +7.4% after 12 months (median +11.0%), compared to +12.7% for the S&P 500 over the same periods. 68% of those episodes were profitable after one year. After 24 months, the average return was +20.7% vs +22.1% for the index.
Each line shows $100 invested at the moment TMO crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
TMO has crossed below its 200-week MA 32 times with an average 1-year return of +22.1% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jun 1981 | Apr 1983 | 97 | 52.5% | -50.6% | +21814.8% |
| Oct 1983 | Nov 1983 | 3 | 6.5% | +12.3% | +27209.2% |
| Feb 1984 | Feb 1984 | 1 | 1.1% | +29.3% | +26593.2% |
| Mar 1984 | Apr 1984 | 5 | 13.8% | +29.1% | +26394.0% |
| May 1984 | Jul 1984 | 10 | 11.8% | +53.5% | +27420.9% |
| Dec 1984 | Dec 1984 | 1 | 4.6% | +114.6% | +28763.4% |
| Oct 1987 | Feb 1988 | 18 | 18.6% | +26.3% | +13271.7% |
| Apr 1988 | Apr 1988 | 1 | 1.1% | +44.4% | +12422.7% |
| May 1988 | Jun 1988 | 6 | 8.1% | +64.8% | +12833.3% |
| Nov 1988 | Dec 1988 | 3 | 1.7% | +89.9% | +11251.6% |
| Aug 1990 | Aug 1990 | 2 | 1.6% | +60.9% | +8475.4% |
| Sep 1990 | Nov 1990 | 6 | 7.2% | +74.5% | +8475.4% |
| Jun 1998 | Jun 1998 | 1 | 3.7% | -40.8% | +1728.6% |
| Jul 1998 | Sep 2000 | 116 | 60.5% | -34.0% | +1880.0% |
| Oct 2000 | Oct 2000 | 1 | 5.4% | -4.5% | +2303.5% |
| Mar 2001 | Apr 2001 | 7 | 14.2% | +3.2% | +2473.3% |
| Jun 2001 | Oct 2001 | 18 | 21.8% | -17.9% | +2434.2% |
| Jun 2002 | Oct 2002 | 20 | 14.8% | +21.9% | +2747.4% |
| Jan 2003 | Apr 2003 | 14 | 5.7% | +51.6% | +2638.5% |
| Oct 2008 | Jul 2009 | 42 | 31.2% | +10.9% | +1122.7% |
| Aug 2009 | Aug 2009 | 1 | 0.0% | -1.7% | +1012.5% |
| Aug 2009 | Oct 2009 | 6 | 3.4% | +1.1% | +1021.8% |
| Oct 2009 | Nov 2009 | 3 | 3.1% | +14.3% | +1014.3% |
| Jan 2010 | Feb 2010 | 1 | 1.3% | +23.5% | +986.5% |
| Jun 2010 | Jul 2010 | 1 | 1.5% | +36.6% | +953.9% |
| Jul 2010 | Oct 2010 | 11 | 11.0% | +34.0% | +1017.8% |
| Oct 2011 | Jan 2012 | 10 | 11.2% | +26.8% | +926.2% |
| Oct 2023 | Dec 2023 | 9 | 13.5% | +24.0% | -1.0% |
| Jul 2024 | Jul 2024 | 1 | 0.2% | -22.1% | -10.7% |
| Nov 2024 | Jan 2025 | 9 | 6.0% | +13.2% | -7.1% |
| Feb 2025 | Oct 2025 | 35 | 28.2% | -4.7% | -10.4% |
| Feb 2026 | Ongoing | 6+ | 12.8% | Ongoing | -5.9% |
| Average | 14 | — | +22.1% | — |
Frequently Asked Questions
Is TMO below its 200-week moving average?
Yes. As of 2026-03-20, Thermo Fisher Scientific Inc. (TMO) is trading 10.8% below its 200-week moving average of $531.78. The current price is $474.39.
What is TMO's 200-week moving average price?
Thermo Fisher Scientific Inc.'s 200-week moving average is $531.78 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when TMO drops below its 200-week moving average?
TMO has crossed below its 200-week moving average 32 times in our data. On average, buying at that moment produced a one-year return of +22.1%. These dips have historically been decent entry points. These episodes lasted 14 weeks on average.
Is TMO a good value right now?
Here's what our data says about TMO as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 32. Free cash flow yield is 2.5%. Return on equity is 13.0%. Price-to-book is 3.3x. This is not a buy or sell recommendation — always do your own research.
How does TMO compare to the S&P 500?
Over the past 33.2 years, $100 invested in TMO would have grown to $3945, compared to $2683 for the S&P 500. That's 11.7% annualized vs 10.4% for the index. TMO has outperformed the broader market over this period.
Does TMO pay a dividend?
Yes. Thermo Fisher Scientific Inc. currently pays a dividend yield of 37.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20