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Waters Corporation (WAT)
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Waters Corporation (WAT) EV/EBITDA Ratio: 38.03x

popular:market cap|pe ratio|revenue|price history|total return

Is Waters Corporation’s EV/EBITDA ratio high or low?

Waters Corporation's EV/EBITDA ratio of 38.03x is 77% above its 5-year average of 21.45x, near the high end of its 5-year range (15.91x–39.61x).

The EV/EBITDA ratio for Waters Corporation (WAT) is 38.03x as of Wednesday, June 10, 2026. It is above its 12-month average by 76.11% (21.59x).

EV/Sales|P/E Ratio|EBITDA|All Metrics

WAT EV/EBITDA Ratio Chart

WAT EV/EBITDA Ratio
38.03x+81.87% 1Y
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WAT Average EV/EBITDA Ratio Chart

WAT Current vs Average EV/EBITDA Ratio Chart

WAT EV/EBITDA Ratio Metrics

EV/EBITDA RATIO

38.03x

EV/EBITDA RATIO AVG TTM

21.59x

EV/EBITDA RATIO AVG 3Y

21.24x

EV/EBITDA RATIO AVG 5Y

21.45x

EV/EBITDA RATIO AVG 10Y

20.77x

EV/EBITDA RATIO AVG 15Y

19.24x

EV/EBITDA RATIO AVG 20Y

18.18x

CURRENT VS TTM AVG

+76.11%

CURRENT VS 3Y AVG

+79.06%

CURRENT VS 5Y AVG

+77.26%

CURRENT VS 10Y AVG

+83.08%

CURRENT VS 15Y AVG

+97.69%

CURRENT VS 20Y AVG

+109.22%

WAT Competitors' EV/EBITDA Ratio

NAMEMARKET CAPEV/EBITDA RATIOTTM3Y5Y
Waters Corporation (WAT)—38.03x21.59x21.24x21.45x
Mettler-Toledo International Inc. (MTD)$22.85B20.28x23.56x23.88x26.50x
BioNTech SE (BNTX)$21.81BN/A51.40x19.63x20.05x
Veeva Systems Inc. (VEEV)$27.37B26.02x43.41x56.96x62.43x
Biogen Inc. (BIIB)$29.00B11.60x8.56x11.16x12.22x
DexCom, Inc. (DXCM)$29.24B23.24x28.10x43.48x70.03x
Moderna, Inc. (MRNA)$18.40BN/A12.39x25.27x25.27x
IQVIA Holdings Inc. (IQV)$30.60B8.90x13.19x14.98x17.09x
Hologic, Inc. (HOLX)$16.97B17.28x15.01x15.35x12.41x
Centene Corporation (CNC)$31.94BN/A4.99x7.28x9.49x

EV/EBITDA vs. its own history

At 38.0, EV/EBITDA is richer than usual — richer than 100% of its 20-year range.

20-year low

6.8

median

18.1

20-year high

39.6

cheaperricher

Understanding EV/EBITDA

Enterprise Value (EV) = Market Cap + Total Debt - Cash

EBITDA = Earnings Before Interest, Taxes, Depreciation & Amortization

EV/EBITDA is commonly used for comparing companies because:

  • It accounts for debt levels (capital structure neutral)
  • It removes effects of different depreciation policies
  • It can be compared across countries with different tax rates
  • It can remain available when net income is negative, if EBITDA is positive

Waters Corporation EV/EBITDA Ratio Formula & Definition

EV/EBITDA = Enterprise Value / EBITDA (TTM)

Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Waters Corporation EV/EBITDA Ratio FAQ

What is the EV/EBITDA ratio for Waters Corporation (WAT)?
The EV/EBITDA ratio for WAT stock is 38.03x.
Is Waters Corporation's EV/EBITDA ratio high or low?
Waters Corporation's EV/EBITDA ratio of 38.03x is 77% above its 5-year average of 21.45x, near the high end of its 5-year range (15.91x–39.61x).
What is the TTM average EV/EBITDA ratio for Waters Corporation (WAT)?
The TTM average EV/EBITDA ratio for WAT stock is 21.59x.
What is the 3Y average EV/EBITDA ratio for Waters Corporation (WAT)?
The 3Y average EV/EBITDA ratio for WAT stock is 21.24x.
What is the 5Y average EV/EBITDA ratio for Waters Corporation (WAT)?
The 5Y average EV/EBITDA ratio for WAT stock is 21.45x.
What is the 10Y average EV/EBITDA ratio for Waters Corporation (WAT)?
The 10Y average EV/EBITDA ratio for WAT stock is 20.77x.
What is the 15Y average EV/EBITDA ratio for Waters Corporation (WAT)?
The 15Y average EV/EBITDA ratio for WAT stock is 19.24x.
What is the 20Y average EV/EBITDA ratio for Waters Corporation (WAT)?
The 20Y average EV/EBITDA ratio for WAT stock is 18.18x.

Waters Corporation EV/EBITDA Ratio History

DATEEV/EBITDA RATIO
2026-06-1038.03x
2026-06-0938.50x
2026-06-0837.81x
2026-06-0537.99x
2026-06-0438.97x
2026-06-0339.27x
2026-06-0238.57x
2026-06-0139.12x
2026-05-2939.61x
2026-05-2838.10x
2026-05-2735.93x
2026-05-2635.61x
2026-05-2235.94x
2026-05-2135.82x
2026-05-2035.85x
2026-05-1935.14x
2026-05-1835.04x
2026-05-1534.78x
2026-05-1435.13x
2026-05-1335.28x
2026-05-1236.82x
2026-05-1121.18x
2026-05-0821.59x
2026-05-0721.32x
2026-05-0621.26x
2026-05-0520.85x
2026-05-0418.48x
2026-05-0118.79x
2026-04-3018.91x
2026-04-2917.91x
2026-04-2818.42x
2026-04-2718.36x
2026-04-2418.95x
2026-04-2319.03x
2026-04-2220.38x
2026-04-2120.43x
2026-04-2020.45x
2026-04-1719.99x
2026-04-1619.48x
2026-04-1519.90x
2026-04-1420.18x
2026-04-1319.81x
2026-04-1019.54x
2026-04-0919.40x
2026-04-0819.45x
2026-04-0718.80x
2026-04-0618.61x
2026-04-0218.62x
2026-04-0118.37x
2026-03-3118.24x
2026-03-3017.99x
2026-03-2717.74x
2026-03-2618.41x
2026-03-2518.51x
2026-03-2418.48x
2026-03-2318.48x
2026-03-2018.31x
2026-03-1918.35x
2026-03-1818.08x
2026-03-1718.20x
2026-03-1617.79x
2026-03-1317.59x
2026-03-1217.40x
2026-03-1118.23x
2026-03-1018.35x
2026-03-0918.70x
2026-03-0618.52x
2026-03-0519.28x
2026-03-0419.48x
2026-03-0319.08x
2026-03-0218.79x
2026-02-2719.50x
2026-02-2619.70x
2026-02-2519.51x
2026-02-2419.91x
2026-02-2319.99x
2026-02-2020.02x
2026-02-1919.75x
2026-02-1819.68x
2026-02-1719.34x
2026-02-1319.45x
2026-02-1219.25x
2026-02-1119.78x
2026-02-1019.66x
2026-02-0919.72x
2026-02-0622.75x
2026-02-0522.50x
2026-02-0422.93x
2026-02-0322.62x
2026-02-0222.64x
2026-01-3022.15x
2026-01-2922.41x
2026-01-2822.97x
2026-01-2723.26x
2026-01-2623.30x
2026-01-2323.38x
2026-01-2223.85x
2026-01-2123.63x
2026-01-2022.90x
2026-01-1623.10x
2026-01-1523.51x
2026-01-1423.43x
2026-01-1323.48x
2026-01-1223.46x
2026-01-0923.64x
2026-01-0823.63x
2026-01-0723.79x
2026-01-0623.85x
2026-01-0523.54x
2026-01-0222.79x
2025-12-3122.67x
2025-12-3022.91x
2025-12-2922.97x
2025-12-2623.03x
2025-12-2422.96x
2025-12-2322.86x
2025-12-2222.92x
2025-12-1922.57x
2025-12-1822.47x
2025-12-1722.52x
2025-12-1622.60x
2025-12-1522.99x
2025-12-1222.99x
2025-12-1123.38x
2025-12-1023.58x
2025-12-0923.03x
2025-12-0823.41x
2025-12-0523.53x
2025-12-0423.62x
2025-12-0323.69x
2025-12-0223.74x
2025-12-0123.70x
2025-11-2824.02x
2025-11-2624.23x
2025-11-2524.54x
2025-11-2423.80x
2025-11-2123.48x
2025-11-2022.60x
2025-11-1922.47x
2025-11-1822.49x
2025-11-1722.57x
2025-11-1422.65x
2025-11-1322.64x
2025-11-1223.10x
2025-11-1123.03x
2025-11-1022.48x
2025-11-0722.21x
2025-11-0622.18x
2025-11-0522.22x
2025-11-0421.96x
2025-11-0320.61x
2025-10-3120.83x
2025-10-3020.45x
2025-10-2920.49x
2025-10-2820.63x
2025-10-2720.95x
2025-10-2421.39x
2025-10-2321.18x
2025-10-2220.78x
2025-10-2120.81x
2025-10-2020.47x
2025-10-1719.99x
2025-10-1620.00x
2025-10-1519.86x
2025-10-1419.90x
2025-10-1320.08x
2025-10-1019.78x
2025-10-0919.75x
2025-10-0819.59x
2025-10-0719.07x
2025-10-0619.59x
2025-10-0319.64x
2025-10-0219.27x
2025-10-0119.15x
2025-09-3018.02x
2025-09-2917.44x
2025-09-2617.57x
2025-09-2517.35x
2025-09-2417.62x
2025-09-2317.99x
2025-09-2218.17x
2025-09-1918.08x
2025-09-1818.39x
2025-09-1718.24x
2025-09-1618.21x
2025-09-1517.98x
2025-09-1217.77x
2025-09-1118.17x
2025-09-1017.64x
2025-09-0918.06x
2025-09-0818.56x
2025-09-0518.39x
2025-09-0418.02x
2025-09-0317.47x
2025-09-0217.84x
2025-08-2918.14x
2025-08-2817.90x
2025-08-2717.73x
2025-08-2617.82x
2025-08-2517.97x
2025-08-2218.16x
2025-08-2117.49x
2025-08-2017.85x
2025-08-1917.91x
2025-08-1817.44x
2025-08-1517.56x
2025-08-1417.67x
2025-08-1317.86x
2025-08-1217.22x
2025-08-1116.87x
2025-08-0816.97x
2025-08-0716.79x
2025-08-0616.78x
2025-08-0516.97x
2025-08-0417.22x
2025-08-0117.54x
2025-07-3117.45x
2025-07-3018.04x
2025-07-2918.27x
2025-07-2818.22x
2025-07-2518.26x
2025-07-2418.00x
2025-07-2317.84x
2025-07-2217.38x
2025-07-2117.05x
2025-07-1817.38x
2025-07-1717.92x
2025-07-1617.50x
2025-07-1517.50x
2025-07-1418.33x
2025-07-1121.09x
2025-07-1021.11x
2025-07-0920.88x
2025-07-0820.80x
2025-07-0720.74x
2025-07-0320.93x
2025-07-0221.03x
2025-07-0121.32x
2025-06-3020.87x
2025-06-2721.06x
2025-06-2621.20x
2025-06-2520.92x
2025-06-2420.74x
2025-06-2320.52x
2025-06-2020.50x
2025-06-1820.32x
2025-06-1720.42x
2025-06-1620.80x
2025-06-1320.49x
2025-06-1220.90x
2025-06-1120.70x
2025-06-1020.91x
2025-06-0920.83x
2025-06-0620.99x
2025-06-0520.71x
2025-06-0421.10x
2025-06-0320.89x
2025-06-0220.56x
2025-05-3020.88x
2025-05-2921.22x

Showing the most recent 260 of 5,031 data points. The chart above shows the full history.

Related Metrics

EV/SalesP/E RatioEBITDAAll Metrics

About Waters Corporation

Waters Corporation is a global leader in specialized measurement, delivering analytical solutions across Asia, the Americas, and Europe. The company operates through two main divisions: Waters and TA. Under its Waters segment, it engineers, manufactures, sells, and provides support for high and ultra-performance liquid chromatography and mass spectrometry (MS) systems. This includes essential consumables like chromatography columns and comprehensive post-warranty service plans. The TA segment focuses on designing, producing, selling, and servicing instruments for thermal analysis, rheometry, and calorimetry. Additionally, Waters develops and supplies sophisticated software that integrates with both its own instruments and those from other manufacturers. The company's advanced MS technology plays a crucial role in various applications, such as drug discovery and development (including clinical trial assessments), analyzing proteins involved in disease processes, ensuring nutritional safety, and conducting environmental testing. Its thermal analysis, rheometry, and calorimetry instruments are vital for assessing the suitability and stability of a wide range of materials, including fine chemicals, pharmaceuticals, water, polymers, metals, and viscous liquids. These instruments support diverse sectors like industrial manufacturing, consumer goods, healthcare products, and life science research. Waters' extensive client base spans the life sciences, pharmaceutical, biochemical, industrial, nutritional safety, environmental, academic, and governmental sectors, where its products are instrumental in research and development, quality assurance, and general laboratory operations. Established in 1958, Waters Corporation is headquartered in Milford, Massachusetts.

Milford, MA
7,600 employees
www.waters.com
Healthcare / Medical - Diagnostics & Research
Sector
Healthcare
Industry
Medical - Diagnostics & Research
CEO
Udit Batra
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