Basis: Latest stored market observation. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the P/E ratio high or low?
The P/E ratio of 48.32 is 57% above its 5-year average of 30.71, near the high end of its 5-year range (20.87–48.78).
As of Friday, July 31, 2026. 41.16% above its 12-month average of 34.23.
PE Ratio (48.32) = Close Price ($377.31) / Diluted TTM EPS ($7.81)
PE RATIO
48.32
PE RATIO AVG TTM
34.23
PE RATIO AVG 3Y
31.22
PE RATIO AVG 5Y
30.11
PE RATIO AVG 10Y
29.06
PE RATIO AVG 15Y
25.93
PE RATIO AVG 20Y
24.64
CURRENT VS TTM AVG
+41.16%
CURRENT VS 3Y AVG
+54.78%
CURRENT VS 5Y AVG
+60.50%
CURRENT VS 10Y AVG
+66.29%
CURRENT VS 15Y AVG
+86.37%
CURRENT VS 20Y AVG
+96.14%
SECTOR MEDIAN · HEALTHCARE
28.80
median of 65 covered companies
CURRENT VS SECTOR MEDIAN
+67.78%
vs the sector median at left
Market Cap
$24.00B
PE Ratio
43.60
TTM Avg
39.86
3Y Avg
43.04
5Y Avg
43.17
Market Cap
$25.72B
PE Ratio
24.74
TTM Avg
22.04
3Y Avg
20.77
5Y Avg
17.40
Market Cap
$21.98B
PE Ratio
19.14
TTM Avg
18.15
3Y Avg
15.13
5Y Avg
16.03
| NAME | MARKET CAP | PE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Waters Corporation (WAT) | $24.59B | 48.32 | 34.23 | 31.22 | 30.11 |
| Incyte Corporation (INCY)vs › | $24.23B | 15.67 | 16.63 | 112.26 | 79.39 |
| West Pharmaceutical Services, Inc. (WST)vs › | $24.00B | 43.60 | 39.86 | 43.04 | 43.17 |
| Labcorp Holdings Inc. (LH)vs › | $25.35B | 25.57 | 26.55 | 32.40 | 23.83 |
| Quest Diagnostics Incorporated (DGX)vs › | $25.72B | 24.74 | 22.04 | 20.77 | 17.40 |
| BioNTech SE (BNTX)vs › | $22.91B | N/A | 55.73 | 22.62 | 82.47 |
| STERIS plc (STE)vs › | $22.26B | 28.80 | 33.68 | 55.28 | 67.21 |
| United Therapeutics Corporation (UTHR)vs › | $21.98B | 19.14 | 18.15 | 15.13 | 16.03 |
| Moderna, Inc. (MRNA)vs › | $21.75B | N/A | 15.46 | 32.51 | 32.51 |
| Alnylam Pharmaceuticals, Inc. (ALNY)vs › | $27.44B | 34.72 | 697.67 | 697.67 | 697.67 |
At 48.3, P/E is richer than usual, sitting higher than 95% of its 20-year history.
20-year low
9.6
median
24.7
20-year high
1128.7
Trailing P/E
48.3
Forward P/E
26.2
Forward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.
Calculation:
Current Price
$377.31
Forward EPS (Est.)
$14.52
Forward P/E
26.19
Source: FMP Analyst Consensus Estimates. Forward EPS represents the average analyst estimate for the nearest fiscal year.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | PE RATIO |
|---|---|
| 2026-07-30 | 48.32 |
| 2026-07-29 | 48.22 |
| 2026-07-28 | 48.78 |
| 2026-07-27 | 47.17 |
| 2026-07-24 | 47.61 |
| 2026-07-23 | 48.59 |
| 2026-07-22 | 47.12 |
| 2026-07-21 | 46.70 |
| 2026-07-20 | 45.43 |
| 2026-07-17 | 46.88 |
| 2026-07-16 | 48.05 |
| 2026-07-15 | 47.64 |
| 2026-07-14 | 47.83 |
| 2026-07-13 | 47.42 |
| 2026-07-10 | 47.83 |
| 2026-07-09 | 47.92 |
| 2026-07-08 | 46.78 |
| 2026-07-07 | 47.64 |
| 2026-07-06 | 48.14 |
| 2026-07-02 | 48.19 |
| 2026-07-01 | 48.05 |
| 2026-06-30 | 47.65 |
| 2026-06-29 | 46.87 |
| 2026-06-26 | 47.57 |
| 2026-06-25 | 47.89 |
| 2026-06-24 | 46.91 |
| 2026-06-23 | 45.39 |
| 2026-06-22 | 45.52 |
| 2026-06-18 | 45.16 |
| 2026-06-17 | 45.36 |
| 2026-06-16 | 45.81 |
| 2026-06-15 | 45.46 |
| 2026-06-12 | 45.18 |
| 2026-06-11 | 45.71 |
| 2026-06-10 | 46.15 |
| 2026-06-09 | 47.16 |
| 2026-06-08 | 46.17 |
| 2026-06-05 | 46.42 |
| 2026-06-04 | 47.84 |
| 2026-06-03 | 48.26 |
| 2026-06-02 | 47.26 |
| 2026-06-01 | 48.05 |
| 2026-05-29 | 48.74 |
| 2026-05-28 | 46.59 |
| 2026-05-27 | 43.48 |
| 2026-05-26 | 43.03 |
| 2026-05-22 | 43.50 |
| 2026-05-21 | 43.33 |
| 2026-05-20 | 43.37 |
| 2026-05-19 | 42.35 |
| 2026-05-18 | 42.21 |
| 2026-05-15 | 41.83 |
| 2026-05-14 | 42.34 |
| 2026-05-13 | 42.56 |
| 2026-05-12 | 44.75 |
| 2026-05-11 | 32.32 |
| 2026-05-08 | 32.97 |
| 2026-05-07 | 32.54 |
| 2026-05-06 | 32.45 |
| 2026-05-05 | 31.80 |
| 2026-05-04 | 28.03 |
| 2026-05-01 | 28.52 |
| 2026-04-30 | 28.71 |
| 2026-04-29 | 27.12 |
| 2026-04-28 | 27.92 |
| 2026-04-27 | 27.84 |
| 2026-04-24 | 28.77 |
| 2026-04-23 | 28.90 |
| 2026-04-22 | 31.05 |
| 2026-04-21 | 31.13 |
| 2026-04-20 | 31.16 |
| 2026-04-17 | 30.43 |
| 2026-04-16 | 29.62 |
| 2026-04-15 | 30.29 |
| 2026-04-14 | 30.73 |
| 2026-04-13 | 30.15 |
| 2026-04-10 | 29.71 |
| 2026-04-09 | 29.49 |
| 2026-04-08 | 29.58 |
| 2026-04-07 | 28.54 |
| 2026-04-06 | 28.23 |
| 2026-04-02 | 28.25 |
| 2026-04-01 | 27.84 |
| 2026-03-31 | 27.65 |
| 2026-03-30 | 27.24 |
| 2026-03-27 | 26.85 |
| 2026-03-26 | 27.91 |
| 2026-03-25 | 28.07 |
| 2026-03-24 | 28.03 |
| 2026-03-23 | 28.02 |
| 2026-03-20 | 27.76 |
| 2026-03-19 | 27.82 |
| 2026-03-18 | 27.40 |
| 2026-03-17 | 27.58 |
| 2026-03-16 | 26.93 |
| 2026-03-13 | 26.61 |
| 2026-03-12 | 26.31 |
| 2026-03-11 | 27.63 |
| 2026-03-10 | 27.82 |
| 2026-03-09 | 28.38 |
| 2026-03-06 | 28.09 |
| 2026-03-05 | 29.30 |
| 2026-03-04 | 29.62 |
| 2026-03-03 | 28.98 |
| 2026-03-02 | 28.53 |
| 2026-02-27 | 29.65 |
| 2026-02-26 | 29.97 |
| 2026-02-25 | 29.66 |
| 2026-02-24 | 30.30 |
| 2026-02-23 | 30.43 |
| 2026-02-20 | 30.64 |
| 2026-02-19 | 30.21 |
| 2026-02-18 | 30.10 |
| 2026-02-17 | 29.54 |
| 2026-02-13 | 29.72 |
| 2026-02-12 | 29.40 |
| 2026-02-11 | 30.26 |
| 2026-02-10 | 30.06 |
| 2026-02-09 | 30.16 |
| 2026-02-06 | 35.05 |
| 2026-02-05 | 34.64 |
| 2026-02-04 | 35.32 |
| 2026-02-03 | 34.83 |
| 2026-02-02 | 34.86 |
| 2026-01-30 | 34.07 |
| 2026-01-29 | 34.48 |
| 2026-01-28 | 35.39 |
| 2026-01-27 | 35.85 |
| 2026-01-26 | 35.93 |
| 2026-01-23 | 36.06 |
| 2026-01-22 | 36.80 |
| 2026-01-21 | 36.46 |
| 2026-01-20 | 35.28 |
| 2026-01-16 | 35.60 |
| 2026-01-15 | 36.27 |
| 2026-01-14 | 36.14 |
| 2026-01-13 | 36.22 |
| 2026-01-12 | 36.18 |
| 2026-01-09 | 36.47 |
| 2026-01-08 | 36.46 |
| 2026-01-07 | 36.71 |
| 2026-01-06 | 36.81 |
| 2026-01-05 | 36.30 |
| 2026-01-02 | 35.11 |
| 2025-12-31 | 34.91 |
| 2025-12-30 | 35.29 |
| 2025-12-29 | 35.40 |
| 2025-12-26 | 35.48 |
| 2025-12-24 | 35.37 |
| 2025-12-23 | 35.22 |
| 2025-12-22 | 35.31 |
| 2025-12-19 | 34.75 |
| 2025-12-18 | 34.59 |
| 2025-12-17 | 34.66 |
| 2025-12-16 | 34.79 |
| 2025-12-15 | 35.42 |
| 2025-12-12 | 35.42 |
| 2025-12-11 | 36.05 |
| 2025-12-10 | 36.38 |
| 2025-12-09 | 35.49 |
| 2025-12-08 | 36.10 |
| 2025-12-05 | 36.29 |
| 2025-12-04 | 36.43 |
| 2025-12-03 | 36.55 |
| 2025-12-02 | 36.64 |
| 2025-12-01 | 36.56 |
| 2025-11-28 | 37.08 |
| 2025-11-26 | 37.42 |
| 2025-11-25 | 37.92 |
| 2025-11-24 | 36.72 |
| 2025-11-21 | 36.21 |
| 2025-11-20 | 34.80 |
| 2025-11-19 | 34.58 |
| 2025-11-18 | 34.62 |
| 2025-11-17 | 34.74 |
| 2025-11-14 | 34.87 |
| 2025-11-13 | 34.86 |
| 2025-11-12 | 35.60 |
| 2025-11-11 | 35.49 |
| 2025-11-10 | 34.61 |
| 2025-11-07 | 34.16 |
| 2025-11-06 | 34.11 |
| 2025-11-05 | 34.19 |
| 2025-11-04 | 33.76 |
| 2025-11-03 | 31.16 |
| 2025-10-31 | 31.52 |
| 2025-10-30 | 30.92 |
| 2025-10-29 | 30.97 |
| 2025-10-28 | 31.19 |
| 2025-10-27 | 31.72 |
| 2025-10-24 | 32.42 |
| 2025-10-23 | 32.07 |
| 2025-10-22 | 31.44 |
| 2025-10-21 | 31.49 |
| 2025-10-20 | 30.94 |
| 2025-10-17 | 30.17 |
| 2025-10-16 | 30.20 |
| 2025-10-15 | 29.97 |
| 2025-10-14 | 30.04 |
| 2025-10-13 | 30.33 |
| 2025-10-10 | 29.85 |
| 2025-10-09 | 29.80 |
| 2025-10-08 | 29.54 |
| 2025-10-07 | 28.71 |
| 2025-10-06 | 29.54 |
| 2025-10-03 | 29.61 |
| 2025-10-02 | 29.03 |
| 2025-10-01 | 28.84 |
| 2025-09-30 | 27.03 |
| 2025-09-29 | 26.10 |
| 2025-09-26 | 26.30 |
| 2025-09-25 | 25.95 |
| 2025-09-24 | 26.39 |
| 2025-09-23 | 26.98 |
| 2025-09-22 | 27.28 |
| 2025-09-19 | 27.13 |
| 2025-09-18 | 27.63 |
| 2025-09-17 | 27.38 |
| 2025-09-16 | 27.33 |
| 2025-09-15 | 26.96 |
| 2025-09-12 | 26.64 |
| 2025-09-11 | 27.27 |
| 2025-09-10 | 26.42 |
| 2025-09-09 | 27.10 |
| 2025-09-08 | 27.90 |
| 2025-09-05 | 27.62 |
| 2025-09-04 | 27.02 |
| 2025-09-03 | 26.16 |
| 2025-09-02 | 26.73 |
| 2025-08-29 | 27.21 |
| 2025-08-28 | 26.84 |
| 2025-08-27 | 26.57 |
| 2025-08-26 | 26.70 |
| 2025-08-25 | 26.96 |
| 2025-08-22 | 27.25 |
| 2025-08-21 | 26.19 |
| 2025-08-20 | 26.76 |
| 2025-08-19 | 26.85 |
| 2025-08-18 | 26.10 |
| 2025-08-15 | 26.29 |
| 2025-08-14 | 26.47 |
| 2025-08-13 | 26.77 |
| 2025-08-12 | 25.75 |
| 2025-08-11 | 25.18 |
| 2025-08-08 | 25.36 |
| 2025-08-07 | 25.07 |
| 2025-08-06 | 25.04 |
| 2025-08-05 | 25.36 |
| 2025-08-04 | 25.75 |
| 2025-08-01 | 26.34 |
| 2025-07-31 | 26.20 |
| 2025-07-30 | 27.14 |
| 2025-07-29 | 27.51 |
| 2025-07-28 | 27.44 |
| 2025-07-25 | 27.49 |
| 2025-07-24 | 27.08 |
| 2025-07-23 | 26.83 |
| 2025-07-22 | 26.09 |
| 2025-07-21 | 25.56 |
| 2025-07-18 | 26.09 |
Showing the most recent 260 of 5,031 data points. The chart above shows the full history.