Basis: Latest stored market observation. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/FCF ratio high or low?
The EV/FCF ratio of 111.14x is 177% above its 5-year average of 40.10x, around the middle of its 5-year range (28.64x–147.46x).
As of Tuesday, September 8, 2026. 66.60% above its 12-month average of 66.71x.
EV/FCF RATIO
111.14x
EV/FCF RATIO AVG TTM
66.71x
EV/FCF RATIO AVG 3Y
40.28x
EV/FCF RATIO AVG 5Y
40.10x
EV/FCF RATIO AVG 10Y
34.92x
EV/FCF RATIO AVG 15Y
31.46x
EV/FCF RATIO AVG 20Y
28.74x
CURRENT VS TTM AVG
+66.60%
CURRENT VS 3Y AVG
+175.94%
CURRENT VS 5Y AVG
+177.15%
CURRENT VS 10Y AVG
+218.31%
CURRENT VS 15Y AVG
+253.32%
CURRENT VS 20Y AVG
+286.72%
SECTOR MEDIAN · HEALTHCARE
24.79x
median of 83 covered companies
CURRENT VS SECTOR MEDIAN
+348.33%
vs the sector median at left
Waters Corporation
Market Cap
$30.50B
EV/FCF Ratio
111.14x
TTM Avg
66.71x
3Y Avg
40.28x
5Y Avg
40.10x
Market Cap
$29.84B
EV/FCF Ratio
42.80x
TTM Avg
29.38x
3Y Avg
27.68x
5Y Avg
27.17x
| NAME | MARKET CAP | EV/FCF RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Waters Corporation (WAT) | $30.50B | 111.14x | 66.71x | 40.28x | 40.10x |
| Zoetis Inc. (ZTS)vs › | $30.74B | 16.27x | 24.51x | 38.33x | 46.30x |
| GE HealthCare Technologies Inc. (GEHC)vs › | $29.84B | 42.80x | 29.38x | 27.68x | 27.17x |
| Biogen Inc. (BIIB)vs › | $31.43B | 13.03x | 13.13x | 19.85x | 20.76x |
| Centene Corp. (CNC)vs › | $31.78B | 2.69x | 6.65x | 24.64x | 18.56x |
| ResMed Inc. (RMD)vs › | $31.79B | 19.05x | 19.63x | 30.22x | 56.62x |
| DexCom, Inc. (DXCM)vs › | $31.81B | 23.78x | 28.06x | 58.82x | 165.15x |
| Medline Inc. (MDLN)vs › | $29.16B | 19.83x | 25.81x | 25.81x | 25.81x |
| Alcon Inc. (ALC)vs › | $33.58B | 22.41x | 25.96x | 44.22x | 95.90x |
| Alnylam Pharmaceuticals, Inc. (ALNY)vs › | $34.14B | 65.47x | 131.50x | 466.27x | 466.27x |
EV/FCF
111.1x
P/FCF
99.3x
FCF Yield
1.01%
Formula: EV/FCF = Enterprise Value / Free Cash Flow
EV/FCF vs P/FCF:
EV/FCF = Enterprise Value / Free Cash Flow (TTM)
Enterprise value to free cash flow compares total company value to the cash the business generates after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/FCF RATIO |
|---|---|
| 2026-09-08 | 111.14x |
| 2026-09-04 | 112.73x |
| 2026-09-03 | 113.76x |
| 2026-09-02 | 113.43x |
| 2026-09-01 | 111.86x |
| 2026-08-31 | 114.02x |
| 2026-08-28 | 114.04x |
| 2026-08-27 | 115.66x |
| 2026-08-26 | 113.91x |
| 2026-08-25 | 113.98x |
| 2026-08-24 | 113.07x |
| 2026-08-21 | 113.06x |
| 2026-08-20 | 111.57x |
| 2026-08-19 | 114.32x |
| 2026-08-18 | 110.73x |
| 2026-08-17 | 112.33x |
| 2026-08-14 | 113.42x |
| 2026-08-13 | 113.75x |
| 2026-08-12 | 114.40x |
| 2026-08-11 | 114.12x |
| 2026-08-10 | 147.46x |
| 2026-08-07 | 145.94x |
| 2026-08-06 | 143.71x |
| 2026-08-05 | 143.80x |
| 2026-08-04 | 142.58x |
| 2026-08-03 | 135.94x |
| 2026-07-31 | 136.74x |
| 2026-07-30 | 137.67x |
| 2026-07-29 | 137.42x |
| 2026-07-28 | 138.79x |
| 2026-07-27 | 134.84x |
| 2026-07-24 | 135.92x |
| 2026-07-23 | 138.33x |
| 2026-07-22 | 134.72x |
| 2026-07-21 | 133.71x |
| 2026-07-20 | 130.59x |
| 2026-07-17 | 134.15x |
| 2026-07-16 | 137.02x |
| 2026-07-15 | 136.00x |
| 2026-07-14 | 136.46x |
| 2026-07-13 | 135.47x |
| 2026-07-10 | 136.47x |
| 2026-07-09 | 136.69x |
| 2026-07-08 | 133.89x |
| 2026-07-07 | 136.00x |
| 2026-07-06 | 137.23x |
| 2026-07-02 | 137.36x |
| 2026-07-01 | 137.00x |
| 2026-06-30 | 136.04x |
| 2026-06-29 | 134.12x |
| 2026-06-26 | 135.84x |
| 2026-06-25 | 136.61x |
| 2026-06-24 | 134.21x |
| 2026-06-23 | 130.49x |
| 2026-06-22 | 130.81x |
| 2026-06-18 | 129.94x |
| 2026-06-17 | 130.42x |
| 2026-06-16 | 131.52x |
| 2026-06-15 | 130.66x |
| 2026-06-12 | 129.97x |
| 2026-06-11 | 131.28x |
| 2026-06-10 | 132.35x |
| 2026-06-09 | 134.83x |
| 2026-06-08 | 132.40x |
| 2026-06-05 | 133.02x |
| 2026-06-04 | 136.48x |
| 2026-06-03 | 137.51x |
| 2026-06-02 | 135.07x |
| 2026-06-01 | 137.01x |
| 2026-05-29 | 138.69x |
| 2026-05-28 | 133.43x |
| 2026-05-27 | 125.81x |
| 2026-05-26 | 124.71x |
| 2026-05-22 | 125.87x |
| 2026-05-21 | 125.44x |
| 2026-05-20 | 125.54x |
| 2026-05-19 | 123.04x |
| 2026-05-18 | 122.70x |
| 2026-05-15 | 121.78x |
| 2026-05-14 | 123.02x |
| 2026-05-13 | 123.56x |
| 2026-05-12 | 128.93x |
| 2026-05-11 | 40.21x |
| 2026-05-08 | 40.99x |
| 2026-05-07 | 40.48x |
| 2026-05-06 | 40.37x |
| 2026-05-05 | 39.60x |
| 2026-05-04 | 35.09x |
| 2026-05-01 | 35.67x |
| 2026-04-30 | 35.91x |
| 2026-04-29 | 34.02x |
| 2026-04-28 | 34.97x |
| 2026-04-27 | 34.86x |
| 2026-04-24 | 35.98x |
| 2026-04-23 | 36.13x |
| 2026-04-22 | 38.69x |
| 2026-04-21 | 38.79x |
| 2026-04-20 | 38.83x |
| 2026-04-17 | 37.96x |
| 2026-04-16 | 36.99x |
| 2026-04-15 | 37.79x |
| 2026-04-14 | 38.32x |
| 2026-04-13 | 37.62x |
| 2026-04-10 | 37.10x |
| 2026-04-09 | 36.84x |
| 2026-04-08 | 36.94x |
| 2026-04-07 | 35.70x |
| 2026-04-06 | 35.34x |
| 2026-04-02 | 35.36x |
| 2026-04-01 | 34.87x |
| 2026-03-31 | 34.64x |
| 2026-03-30 | 34.15x |
| 2026-03-27 | 33.69x |
| 2026-03-26 | 34.95x |
| 2026-03-25 | 35.14x |
| 2026-03-24 | 35.10x |
| 2026-03-23 | 35.09x |
| 2026-03-20 | 34.77x |
| 2026-03-19 | 34.84x |
| 2026-03-18 | 34.34x |
| 2026-03-17 | 34.55x |
| 2026-03-16 | 33.78x |
| 2026-03-13 | 33.40x |
| 2026-03-12 | 33.04x |
| 2026-03-11 | 34.61x |
| 2026-03-10 | 34.85x |
| 2026-03-09 | 35.51x |
| 2026-03-06 | 35.17x |
| 2026-03-05 | 36.61x |
| 2026-03-04 | 36.99x |
| 2026-03-03 | 36.23x |
| 2026-03-02 | 35.69x |
| 2026-02-27 | 37.03x |
| 2026-02-26 | 37.41x |
| 2026-02-25 | 37.04x |
| 2026-02-24 | 37.80x |
| 2026-02-23 | 37.96x |
| 2026-02-20 | 34.70x |
| 2026-02-19 | 34.24x |
| 2026-02-18 | 34.13x |
| 2026-02-17 | 33.53x |
| 2026-02-13 | 33.72x |
| 2026-02-12 | 33.37x |
| 2026-02-11 | 34.30x |
| 2026-02-10 | 34.08x |
| 2026-02-09 | 34.19x |
| 2026-02-06 | 39.45x |
| 2026-02-05 | 39.02x |
| 2026-02-04 | 39.75x |
| 2026-02-03 | 39.22x |
| 2026-02-02 | 39.26x |
| 2026-01-30 | 38.41x |
| 2026-01-29 | 38.85x |
| 2026-01-28 | 39.82x |
| 2026-01-27 | 40.32x |
| 2026-01-26 | 40.40x |
| 2026-01-23 | 40.54x |
| 2026-01-22 | 41.35x |
| 2026-01-21 | 40.98x |
| 2026-01-20 | 39.71x |
| 2026-01-16 | 40.05x |
| 2026-01-15 | 40.77x |
| 2026-01-14 | 40.63x |
| 2026-01-13 | 40.71x |
| 2026-01-12 | 40.68x |
| 2026-01-09 | 40.98x |
| 2026-01-08 | 40.97x |
| 2026-01-07 | 41.25x |
| 2026-01-06 | 41.36x |
| 2026-01-05 | 40.81x |
| 2026-01-02 | 39.52x |
| 2025-12-31 | 39.31x |
| 2025-12-30 | 39.72x |
| 2025-12-29 | 39.83x |
| 2025-12-26 | 39.92x |
| 2025-12-24 | 39.80x |
| 2025-12-23 | 39.64x |
| 2025-12-22 | 39.73x |
| 2025-12-19 | 39.13x |
| 2025-12-18 | 38.96x |
| 2025-12-17 | 39.04x |
| 2025-12-16 | 39.18x |
| 2025-12-15 | 39.86x |
| 2025-12-12 | 39.85x |
| 2025-12-11 | 40.53x |
| 2025-12-10 | 40.89x |
| 2025-12-09 | 39.93x |
| 2025-12-08 | 40.59x |
| 2025-12-05 | 40.79x |
| 2025-12-04 | 40.94x |
| 2025-12-03 | 41.07x |
| 2025-12-02 | 41.17x |
| 2025-12-01 | 41.09x |
| 2025-11-28 | 41.64x |
| 2025-11-26 | 42.01x |
| 2025-11-25 | 42.55x |
| 2025-11-24 | 41.26x |
| 2025-11-21 | 40.71x |
| 2025-11-20 | 39.19x |
| 2025-11-19 | 38.95x |
| 2025-11-18 | 38.99x |
| 2025-11-17 | 39.12x |
| 2025-11-14 | 39.26x |
| 2025-11-13 | 39.25x |
| 2025-11-12 | 40.05x |
| 2025-11-11 | 39.93x |
| 2025-11-10 | 38.98x |
| 2025-11-07 | 38.50x |
| 2025-11-06 | 38.45x |
| 2025-11-05 | 38.53x |
| 2025-11-04 | 38.07x |
| 2025-11-03 | 35.18x |
| 2025-10-31 | 35.56x |
| 2025-10-30 | 34.92x |
| 2025-10-29 | 34.97x |
| 2025-10-28 | 35.21x |
| 2025-10-27 | 35.77x |
| 2025-10-24 | 36.52x |
| 2025-10-23 | 36.15x |
| 2025-10-22 | 35.47x |
| 2025-10-21 | 35.53x |
| 2025-10-20 | 34.95x |
| 2025-10-17 | 34.12x |
| 2025-10-16 | 34.15x |
| 2025-10-15 | 33.91x |
| 2025-10-14 | 33.98x |
| 2025-10-13 | 34.29x |
| 2025-10-10 | 33.77x |
| 2025-10-09 | 33.72x |
| 2025-10-08 | 33.45x |
| 2025-10-07 | 32.55x |
| 2025-10-06 | 33.45x |
| 2025-10-03 | 33.52x |
| 2025-10-02 | 32.90x |
| 2025-10-01 | 32.69x |
| 2025-09-30 | 30.77x |
| 2025-09-29 | 29.77x |
| 2025-09-26 | 29.99x |
| 2025-09-25 | 29.61x |
| 2025-09-24 | 30.08x |
| 2025-09-23 | 30.71x |
| 2025-09-22 | 31.03x |
| 2025-09-19 | 30.87x |
| 2025-09-18 | 31.40x |
| 2025-09-17 | 31.14x |
| 2025-09-16 | 31.08x |
| 2025-09-15 | 30.69x |
| 2025-09-12 | 30.34x |
| 2025-09-11 | 31.02x |
| 2025-09-10 | 30.12x |
| 2025-09-09 | 30.84x |
| 2025-09-08 | 31.69x |
| 2025-09-05 | 31.40x |
| 2025-09-04 | 30.76x |
| 2025-09-03 | 29.83x |
| 2025-09-02 | 30.45x |
| 2025-08-29 | 30.96x |
| 2025-08-28 | 30.56x |
| 2025-08-27 | 30.27x |
| 2025-08-26 | 30.41x |
Showing the most recent 260 of 5,030 data points. The chart above shows the full history.
