ETN vs TMO: Which Is the Better Buy?
Side-by-side comparison of Eaton Corporation plc and Thermo Fisher Scientific Inc. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-08-06.
Eaton Corporation plc · Industrials
$447.28
-9.5% upside to fair value
Med Conviction
Grade C+
VS
Thermo Fisher Scientific Inc. · Healthcare
$464.61
+7.2% upside to fair value
Grade A
High Quality
QuantHub Verdict
TMO has more upside to fair value
(+7.2%).
TMO trades at a lower forward P/E
(25.2x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
ETN |
TMO |
| Current Price |
$447.28 |
$464.61 |
| Fair Value Estimate |
$405.00 |
$498.27 |
| Upside to Fair Value |
-9.5%
|
+7.2%
|
| Market Cap |
$173.7B |
$172.7B |
| Forward P/E |
33.2x
|
25.2x
|
| EV / EBITDA |
30.0x
|
19.1x
|
| Price / Sales |
5.8x
|
3.8x
|
| Price / FCF |
38.6x
|
25.6x
|
| Revenue Growth YoY |
+21.0%
|
+6.2%
|
| Gross Margin |
35.9%
|
39.4%
|
| Operating Margin |
17.7%
|
17.8%
|
| Return on Equity |
18.9%
|
13.3%
|
| Dividend Yield |
0.98% |
0% |
| FCF Yield |
2.59%
|
3.91%
|
| Analyst Consensus |
Buy
|
Strong Buy
|
Investment Thesis
Eaton is a 115-year-old power management company whose Electrical Americas, Electrical Global and Aerospace segments have become a core beneficiary of the same AI data-center, grid modernization and reshoring supercycle driving GE Vernova and Vertiv. Q2 2026 results were record-setting: revenue of $8.5 billion (up 21% year over year, 14% organic), adjusted EPS of $3.15, and segment margins of 23.…
Thermo Fisher Scientific is a leading healthcare company specializing in life science tools, diagnostics, and contract research and manufacturing services. It operates with a broad, multi-layered moat driven by scale, integration, and a long-tenured management team. The company exhibits solid fundamentals with a 13.3% ROE, 6.2% revenue growth, and 9.6% earnings growth in the most recent quarter. …
Accumulation Zones
| Metric |
ETN |
TMO |
| Zone Low |
$305.00 |
$373.70 |
| Zone High |
$345.00 |
$423.53 |
| In Buy Zone? |
No
|
No
|