Basis: FMP quote price / unrounded diluted EPS from four consecutive issuer fiscal quarters. 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 104.45 is 250% above its 5-year average of 29.87, near the high end of its 5-year range (20.87–105.05).
As of 2026-09-15T18:06:14.822Z. 192.74% above its 12-month average of 35.68.
Calculation as of: 2026-09-15T18:06:14.822Z.
Quote observation: 2026-09-15T18:05:12.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 4b35bc5e872edbec126530a69cacdc9da562455b2ea5a40d374d90a2ce21e7d1
PE Ratio (104.45) = Close Price ($418.83) / Diluted TTM EPS ($4.01)
PE RATIO
104.45
PE RATIO AVG TTM
35.68
PE RATIO AVG 3Y
31.43
PE RATIO AVG 5Y
29.87
PE RATIO AVG 10Y
29.15
PE RATIO AVG 15Y
26.00
PE RATIO AVG 20Y
24.66
CURRENT VS TTM AVG
+192.74%
CURRENT VS 3Y AVG
+232.29%
CURRENT VS 5Y AVG
+249.65%
CURRENT VS 10Y AVG
+258.26%
CURRENT VS 15Y AVG
+301.68%
CURRENT VS 20Y AVG
+323.57%
SECTOR MEDIAN · HEALTHCARE
27.27
median of 75 covered companies
CURRENT VS SECTOR MEDIAN
+283.02%
vs the sector median at left
Market Cap
$32.47B
PE Ratio
40.99
TTM Avg
609.61
3Y Avg
609.61
5Y Avg
609.61
Market Cap
$29.00B
PE Ratio
18.61
TTM Avg
18.50
3Y Avg
20.58
5Y Avg
20.24
| NAME | MARKET CAP | PE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Waters Corporation (WAT) | $31.32B | 104.45 | 35.68 | 31.43 | 29.87 |
| Zoetis Inc. (ZTS)vs › | $30.72B | 12.07 | 18.50 | 28.26 | 33.50 |
| Biogen Inc. (BIIB)vs › | $31.95B | 38.27 | 20.74 | 19.79 | 18.97 |
| Alnylam Pharmaceuticals, Inc. (ALNY)vs › | $32.47B | 40.99 | 609.61 | 609.61 | 609.61 |
| DexCom, Inc. (DXCM)vs › | $32.92B | 34.48 | 35.39 | 61.33 | 106.76 |
| Alcon Inc. (ALC)vs › | $33.10B | 52.21 | 40.05 | 47.56 | 66.97 |
| Centene Corp. (CNC)vs › | $33.27B | N/A | 8.89 | 15.69 | 23.23 |
| GE HealthCare Technologies Inc. (GEHC)vs › | $29.00B | 18.61 | 18.50 | 20.58 | 20.24 |
| ResMed Inc. (RMD)vs › | $33.84B | 22.43 | 23.54 | 27.59 | 36.57 |
| Medline Inc. (MDLN)vs › | $27.24B | 37.45 | 35.27 | 35.27 | 35.27 |
At 104.5, P/E is above its 20-year median — higher than 95% of readings in its 20-year history.
20-year low
9.6
median
24.8
20-year high
1128.7
Trailing P/E
104.5
Forward P/E
28.7
Forward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.
Calculation:
Current Price
$418.83
Forward EPS (Est.)
$14.57
Forward P/E
28.74
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 |
|---|---|
| 2026-09-09 | 100.95 |
| 2026-09-08 | 100.48 |
| 2026-09-04 | 102.09 |
| 2026-09-03 | 103.13 |
| 2026-09-02 | 102.79 |
| 2026-09-01 | 101.21 |
| 2026-08-31 | 103.40 |
| 2026-08-28 | 103.41 |
| 2026-08-27 | 105.05 |
| 2026-08-26 | 103.28 |
| 2026-08-25 | 103.35 |
| 2026-08-24 | 102.43 |
| 2026-08-21 | 102.42 |
| 2026-08-20 | 100.92 |
| 2026-08-19 | 103.70 |
| 2026-08-18 | 100.06 |
| 2026-08-17 | 101.68 |
| 2026-08-14 | 102.79 |
| 2026-08-13 | 103.12 |
| 2026-08-12 | 103.78 |
| 2026-08-11 | 52.73 |
| 2026-08-10 | 52.32 |
| 2026-08-07 | 51.70 |
| 2026-08-06 | 50.79 |
| 2026-08-05 | 50.83 |
| 2026-08-04 | 50.33 |
| 2026-08-03 | 47.62 |
| 2026-07-31 | 47.94 |
| 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 | 32.70 |
| 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 | 30.13 |
| 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 | 33.12 |
| 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 |
Showing the most recent 260 of 5,030 data points. The chart above shows the full history.
