Yes. Multiple sham-controlled and double blinded trials indicate TMS is effective beyond placebo.
Multiple sham-controlled and double blinded trials indicate TMS is effective beyond placebo and in line with or less than the placebo effect of many antidepressants, including SSRIs (Rief et al 2009)
| Response | Remission | |
| Active | 72.8% | 34.6% |
| Sham | 24.8% | 9.7% |
(Table adapted from Berlim et al 2013)