ETN vs TMO: Which Is the Better Buy?

Side-by-side comparison of Eaton Corporation plc and Thermo Fisher Scientific Inc. β€” fair value, conviction, valuation metrics, and QuantHub research signals. Updated 2026-09-24.
Eaton Corporation plc Β· Industrials
$438.76
+32.2% upside to fair value
Med Conviction Grade B High Quality
VS
Thermo Fisher Scientific Inc. Β· Healthcare
$658.32
+31.1% upside to fair value
Med Conviction Grade B High Quality
QuantHub Verdict
ETN has more upside to fair value (+32.2%). These are model outputs β€” not personalized investment advice. See all research β†’
Valuation & Fundamentals
Metric ETN TMO
Current Price $438.76 $658.32
Fair Value Estimate $579.99 $863.34
Upside to Fair Value +32.2% +31.1%
Market Cap $170.4B $244.7B
Forward P/E β€” β€”
EV / EBITDA 29.6x 25.9x
Price / Sales 5.7x 5.3x
Price / FCF 37.9x 33.4x
Revenue Growth YoY +21.4% +10.5%
Gross Margin 35.9% 40.4%
Operating Margin 17.7% 17.7%
Return on Equity 19.6% 13.4%
Dividend Yield 0.99% 0.28%
FCF Yield 2.64% 3.0%
Analyst Consensus Strong Buy Strong Buy
Investment Thesis
ETN β€” Eaton Corporation plc
Eaton Corporation plc is a Dublin-headquartered power management company with roughly 97,303 employees, operating electrical, aerospace, vehicle and eMobility segments that supply power distribution, circuit protection, power quality and reliability equipment and services. The business quality is high: TTM gross margin of 35.9%, TTM operating margin of 17.7%, TTM net margin of 12.8% and ROE of 19…
TMO β€” Thermo Fisher Scientific Inc.
Thermo Fisher Scientific is a global life-sciences and laboratory-services platform spanning Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products and Biopharma Services, with recognized brands including Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Patheon, and PPD, serving pharmaceutical, biotech, clinical, academic, and governme…
Accumulation Zones
Metric ETN TMO
Zone Low $434.99 $647.50
Zone High $492.99 $733.84
In Buy Zone? Yes Yes
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