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STOCK COMPARISON

Joinn Laboratories(China)Co vs Thermo Fisher Scientific: Fair Value & Quality

Both stocks run through our valuation models. Here is how Joinn Laboratories(China)Co (603127) and Thermo Fisher Scientific (TMO) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Thermo Fisher Scientific as the less overvalued of the two: Joinn Laboratories(China)Co trades at ¥42.94 versus a fair value of ¥9.22 (-79%), while Thermo Fisher Scientific trades at $618 versus $308 (-50%).
Joinn Laboratories(China)Co
603127.SHG · CNY · Health Care
-79%
upside to fair value
overvalued
Price¥42.94
Fair Value¥9.22
Quality60/100
Thermo Fisher Scientific
TMO · USD · Health Care
-50%
upside to fair value
overvalued
Price$618
Fair Value$308
Quality64/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Joinn Laboratories(China)CoThermo Fisher Scientific
Valuation
76.0×P/E (TTM)29.5×
22.61×P/S (TTM)4.41×
4.58×P/B3.74×
—EV/EBITDA20.0×
—PEG1.74×
−78.5%Fair value upside−50.2%
0.3%Dividend yield0.3%
¥0.12Dividend per share$1.76
Profitability
-10%Operating margin18%
—EBIT margin trend (5Y)0.74×
6%Return on equity14%
-1%Return on assets5%
Growth
10%Revenue growth (YoY)6%
-9.9%Avg. growth/yr (3Y)-0.3%
9.0%Avg. growth/yr (5Y)6.7%
−4.4%Value creation/yr+2.6%
Balance & size
—Interest coverage (EBIT/interest)5.7×
—Debt / equity0.67×
$6BMarket cap$199B
weakGrowth qualityhealthy

Thermo Fisher Scientific leads: 1 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.

Joinn Laboratories(China)Coof which business quality 60 · market factors 67 Thermo Fisher Scientificof which business quality 60 · market factors 71
ProfitabilityMargins and returns on capital today
29
43
Quality GrowthAre margins and returns improving?
20
31
CashflowEarnings quality: real cash, not paper profit
72
62
Fin. StrengthBalance sheet, leverage, solvency risk
83
60
InvestmentDisciplined investing over empire-building
87
79
Low VolatilityCalm price path (market factor)
38
69
MomentumPrice trend over the last 3–12 months (market factor)
86
68
52W MomentumDistance to the 52-week high (market factor)
66
77
Net IssuanceBuybacks instead of dilution
76
97

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyJoinn Laboratories(China)CoPrice ¥42.94Thermo Fisher ScientificPrice $618
DCF Models-68%below the price¥13.72-43%below the price$354
Earnings-Based-76%below the price¥10.18-67%below the price$203
Dividend Discount-99%below the price¥0.63n/a
Multiples-81%below the price¥8.03-50%below the price$308
Asset-Based-79%below the price¥8.85-84%below the price$96.29
Growth DCF-68%below the price¥13.81-53%below the price$288
Economic Profit-78%below the price¥9.42-74%below the price$159
Growth Earnings-68%below the price¥13.89-45%below the price$341
Minimum-99%below the price¥0.63-84%below the price$96.29
Maximum-68%below the price¥13.89-43%below the price$354
Median-77%below the price¥9.80-53%below the price$288
Geometric mean-82%below the price¥7.61-63%below the price$229

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Joinn Laboratories(China)Co: 23 of 23 models see the stock below the current price.

Thermo Fisher Scientific: 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.

Joinn Laboratories(China)Co
Bear ¥7.24Fair Value ¥9.22Bull ¥10.04
¥42.94 = current price (white tick)
Thermo Fisher Scientific
Bear $171Fair Value $308Bull $385
$618 = 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.

Joinn Laboratories(China)Co · Health Care

Quality score60 · above median
Fair value upside-79% · bottom 25%

Thermo Fisher Scientific · Health Care

Quality score64 · Top 25%
Fair value upside-50% · below median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Thermo Fisher Scientific as the less overvalued of the two: Joinn Laboratories(China)Co trades at ¥42.94 versus a fair value of ¥9.22 (-79%), while Thermo Fisher Scientific trades at $618 versus $308 (-50%).

Thermo Fisher Scientific has the higher quality score (64/100).

See the full analysis →
Joinn Laboratories(China)Co · Thermo Fisher Scientific

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.