WATWaters Corporation

$403.07
On our screens:Stocks with no debt

Is the price fair?

What WAT's price assumes

Waters Corporation trades at 101× earnings against 33.6× for the median Diagnostics & Research name, more expensive than its own group.

101

Trailing P/E · Diagnostics & Research median 33.6 · 2.99× the median: the market pays up for this one

Price / sales
6.87

Price / sales · as of 2025-Q4

Free cash flow yield
1.1%

Free cash flow yield · Diagnostics & Research median 4.2%

Growth the price implies
+26%

Growth the price implies · The price pays for +26% free cash flow growth a year for a decade; revenue has grown +16% a year over the last three.

Details
Price / book2025-Q4
8.86
EV / EBIT2025-Q4
27.9
EV / sales2025-Q4
7.12
Healthcare median P/E362 names
29.9
Diagnostics & Research median P/E29 names
33.6
Free cash flow, trailing twelve months
$395M
Market capitalisation
$34.9B
3-year revenue growth
+16%
What the market has paid for these earnings: 32 quarters of its own multiple × $4.01 of trailing earnings per share
MethodPer share
Its own P/E history, lower quartile$104.39
Its own P/E history, median$113.75
Its own P/E history, upper quartile$127.14
52-week range$283.32 – $416.00
Today$403.07

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.