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Waters Corporation (WAT)
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Waters Corporation (WAT) EV/Sales Ratio: 9.27x

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

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

Waters Corporation's EV/Sales ratio of 9.27x is 27% above its 5-year average of 7.32x, near the high end of its 5-year range (5.35x–10.35x).

As of Thursday, June 11, 2026. 31.88% above its 12-month average of 7.03x.

EV/EBITDA|P/S Ratio|Revenue|All Metrics

WAT EV/Sales Ratio Chart

WAT EV/Sales Ratio
9.27x+25.44% 1Y
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WAT Average EV/Sales Ratio Chart

WAT Current vs Average EV/Sales Ratio Chart

WAT EV/Sales Ratio Metrics

EV/SALES RATIO

9.27x

EV/SALES RATIO AVG TTM

7.03x

EV/SALES RATIO AVG 3Y

7.13x

EV/SALES RATIO AVG 5Y

7.32x

EV/SALES RATIO AVG 10Y

7.08x

EV/SALES RATIO AVG 15Y

6.43x

EV/SALES RATIO AVG 20Y

5.90x

CURRENT VS TTM AVG

+31.88%

CURRENT VS 3Y AVG

+30.04%

CURRENT VS 5Y AVG

+26.59%

CURRENT VS 10Y AVG

+30.85%

CURRENT VS 15Y AVG

+44.15%

CURRENT VS 20Y AVG

+57.14%

WAT Competitors' EV/Sales Ratio

NAMEMARKET CAPEV/SALES RATIOTTM3Y5Y
Waters Corporation (WAT)$23.21B9.27x7.03x7.13x7.32x
United Therapeutics Corporation (UTHR)$23.15B7.78x6.45x5.72x5.77x
Mettler-Toledo International Inc. (MTD)$22.82B6.13x7.35x7.51x8.18x
BioNTech SE (BNTX)$22.39B3.24x4.19x3.71x3.49x
Veeva Systems Inc. (VEEV)$26.31B7.65x12.50x13.33x15.70x
Moderna, Inc. (MRNA)$18.71B8.10x5.96x5.02x6.82x
DexCom, Inc. (DXCM)$28.92B6.18x6.63x10.22x13.87x
Biogen Inc. (BIIB)$28.94B3.26x2.79x3.30x3.58x
Hologic, Inc. (HOLX)$16.97B4.25x4.02x4.39x4.15x
IQVIA Holdings Inc. (IQV)$30.08B1.85x2.83x3.22x3.53x

Understanding EV/Sales

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

Sales = Total Revenue (TTM)

EV/Sales is commonly used because:

  • It works for unprofitable companies where P/E doesn't apply
  • Revenue is harder to manipulate than earnings
  • It supports comparisons across companies at different profitability stages
  • It is frequently used for software and other revenue-growth-focused companies

Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.

Waters Corporation EV/Sales Ratio Formula & Definition

EV/Sales = Enterprise Value / Revenue (TTM)

Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Waters Corporation EV/Sales Ratio FAQ

What is the EV/Sales ratio for Waters Corporation (WAT)?
The EV/Sales ratio for WAT stock is 9.27x.
Is Waters Corporation's EV/Sales ratio high or low?
Waters Corporation's EV/Sales ratio of 9.27x is 27% above its 5-year average of 7.32x, near the high end of its 5-year range (5.35x–10.35x).
What is the TTM average EV/Sales ratio for Waters Corporation (WAT)?
The TTM average EV/Sales ratio for WAT stock is 7.03x.
What is the 3Y average EV/Sales ratio for Waters Corporation (WAT)?
The 3Y average EV/Sales ratio for WAT stock is 7.13x.
What is the 5Y average EV/Sales ratio for Waters Corporation (WAT)?
The 5Y average EV/Sales ratio for WAT stock is 7.32x.
What is the 10Y average EV/Sales ratio for Waters Corporation (WAT)?
The 10Y average EV/Sales ratio for WAT stock is 7.08x.
What is the 15Y average EV/Sales ratio for Waters Corporation (WAT)?
The 15Y average EV/Sales ratio for WAT stock is 6.43x.
What is the 20Y average EV/Sales ratio for Waters Corporation (WAT)?
The 20Y average EV/Sales ratio for WAT stock is 5.90x.

Waters Corporation EV/Sales Ratio History

DATEEV/SALES RATIO
2026-06-109.27x
2026-06-099.44x
2026-06-089.27x
2026-06-059.31x
2026-06-049.56x
2026-06-039.63x
2026-06-029.46x
2026-06-019.59x
2026-05-299.71x
2026-05-289.34x
2026-05-278.81x
2026-05-268.73x
2026-05-228.81x
2026-05-218.78x
2026-05-208.79x
2026-05-198.61x
2026-05-188.59x
2026-05-158.53x
2026-05-148.61x
2026-05-138.65x
2026-05-129.03x
2026-05-116.86x
2026-05-086.99x
2026-05-076.90x
2026-05-066.88x
2026-05-056.75x
2026-05-045.99x
2026-05-016.08x
2026-04-306.12x
2026-04-295.80x
2026-04-285.96x
2026-04-275.95x
2026-04-246.14x
2026-04-236.16x
2026-04-226.60x
2026-04-216.61x
2026-04-206.62x
2026-04-176.47x
2026-04-166.31x
2026-04-156.44x
2026-04-146.53x
2026-04-136.42x
2026-04-106.33x
2026-04-096.28x
2026-04-086.30x
2026-04-076.09x
2026-04-066.03x
2026-04-026.03x
2026-04-015.95x
2026-03-315.91x
2026-03-305.82x
2026-03-275.74x
2026-03-265.96x
2026-03-255.99x
2026-03-245.99x
2026-03-235.98x
2026-03-205.93x
2026-03-195.94x
2026-03-185.86x
2026-03-175.89x
2026-03-165.76x
2026-03-135.70x
2026-03-125.63x
2026-03-115.90x
2026-03-105.94x
2026-03-096.06x
2026-03-066.00x
2026-03-056.24x
2026-03-046.31x
2026-03-036.18x
2026-03-026.09x
2026-02-276.32x
2026-02-266.38x
2026-02-256.32x
2026-02-246.45x
2026-02-236.47x
2026-02-206.73x
2026-02-196.64x
2026-02-186.62x
2026-02-176.50x
2026-02-136.54x
2026-02-126.47x
2026-02-116.65x
2026-02-106.61x
2026-02-096.63x
2026-02-067.65x
2026-02-057.57x
2026-02-047.71x
2026-02-037.61x
2026-02-027.61x
2026-01-307.45x
2026-01-297.53x
2026-01-287.72x
2026-01-277.82x
2026-01-267.84x
2026-01-237.86x
2026-01-228.02x
2026-01-217.95x
2026-01-207.70x
2026-01-167.77x
2026-01-157.91x
2026-01-147.88x
2026-01-137.90x
2026-01-127.89x
2026-01-097.95x
2026-01-087.95x
2026-01-078.00x
2026-01-068.02x
2026-01-057.91x
2026-01-027.66x
2025-12-317.62x
2025-12-307.70x
2025-12-297.72x
2025-12-267.74x
2025-12-247.72x
2025-12-237.69x
2025-12-227.71x
2025-12-197.59x
2025-12-187.56x
2025-12-177.57x
2025-12-167.60x
2025-12-157.73x
2025-12-127.73x
2025-12-117.86x
2025-12-107.93x
2025-12-097.74x
2025-12-087.87x
2025-12-057.91x
2025-12-047.94x
2025-12-037.96x
2025-12-027.98x
2025-12-017.97x
2025-11-288.08x
2025-11-268.15x
2025-11-258.25x
2025-11-248.00x
2025-11-217.89x
2025-11-207.60x
2025-11-197.55x
2025-11-187.56x
2025-11-177.59x
2025-11-147.61x
2025-11-137.61x
2025-11-127.77x
2025-11-117.74x
2025-11-107.56x
2025-11-077.47x
2025-11-067.46x
2025-11-057.47x
2025-11-047.38x
2025-11-037.15x
2025-10-317.23x
2025-10-307.10x
2025-10-297.11x
2025-10-287.16x
2025-10-277.27x
2025-10-247.43x
2025-10-237.35x
2025-10-227.21x
2025-10-217.22x
2025-10-207.11x
2025-10-176.94x
2025-10-166.94x
2025-10-156.89x
2025-10-146.91x
2025-10-136.97x
2025-10-106.87x
2025-10-096.86x
2025-10-086.80x
2025-10-076.62x
2025-10-066.80x
2025-10-036.82x
2025-10-026.69x
2025-10-016.65x
2025-09-306.26x
2025-09-296.05x
2025-09-266.10x
2025-09-256.02x
2025-09-246.12x
2025-09-236.24x
2025-09-226.31x
2025-09-196.28x
2025-09-186.38x
2025-09-176.33x
2025-09-166.32x
2025-09-156.24x
2025-09-126.17x
2025-09-116.31x
2025-09-106.12x
2025-09-096.27x
2025-09-086.44x
2025-09-056.38x
2025-09-046.25x
2025-09-036.07x
2025-09-026.19x
2025-08-296.30x
2025-08-286.21x
2025-08-276.15x
2025-08-266.18x
2025-08-256.24x
2025-08-226.30x
2025-08-216.07x
2025-08-206.20x
2025-08-196.22x
2025-08-186.05x
2025-08-156.09x
2025-08-146.13x
2025-08-136.20x
2025-08-125.98x
2025-08-115.85x
2025-08-085.89x
2025-08-075.83x
2025-08-065.82x
2025-08-055.89x
2025-08-045.98x
2025-08-016.20x
2025-07-316.17x
2025-07-306.37x
2025-07-296.46x
2025-07-286.44x
2025-07-256.45x
2025-07-246.36x
2025-07-236.30x
2025-07-226.14x
2025-07-216.02x
2025-07-186.14x
2025-07-176.33x
2025-07-166.18x
2025-07-156.18x
2025-07-146.47x
2025-07-117.45x
2025-07-107.46x
2025-07-097.38x
2025-07-087.35x
2025-07-077.33x
2025-07-037.40x
2025-07-027.43x
2025-07-017.53x
2025-06-307.37x
2025-06-277.44x
2025-06-267.49x
2025-06-257.39x
2025-06-247.33x
2025-06-237.25x
2025-06-207.24x
2025-06-187.18x
2025-06-177.21x
2025-06-167.35x
2025-06-137.24x
2025-06-127.38x
2025-06-117.31x
2025-06-107.39x
2025-06-097.36x
2025-06-067.42x
2025-06-057.32x
2025-06-047.46x
2025-06-037.38x
2025-06-027.27x
2025-05-307.38x
2025-05-297.50x

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

Related Metrics

EV/EBITDAP/S RatioRevenueAll 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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