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Waters Corporation (WAT)
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Waters Corporation (WAT) PE Ratio: 46.49

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

Is Waters Corporation’s P/E ratio high or low?

Waters Corporation's P/E ratio of 46.49 is 53% above its 5-year average of 30.43, near the high end of its 5-year range (20.87–48.74).

The P/E ratio for Waters Corporation (WAT) is 46.49 as of Wednesday, June 10, 2026. It is above its 12-month average by 45.68% (31.91).

PE Ratio (46.49) = Close Price ($365.87) / Diluted TTM EPS ($7.87)

PEG Ratio|P/B Ratio|EPS|All Metrics

WAT PE Ratio Chart

WAT PE Ratio
46.49+46.43% 1Y
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WAT Average PE Ratio Chart

WAT Current vs Average PE Ratio Chart

WAT PE Ratio Metrics

PE RATIO

46.49

PE RATIO AVG TTM

31.91

PE RATIO AVG 3Y

30.92

PE RATIO AVG 5Y

30.43

PE RATIO AVG 10Y

79.37

PE RATIO AVG 15Y

59.68

PE RATIO AVG 20Y

50.05

CURRENT VS TTM AVG

+45.68%

CURRENT VS 3Y AVG

+50.35%

CURRENT VS 5Y AVG

+52.79%

CURRENT VS 10Y AVG

-41.43%

CURRENT VS 15Y AVG

-22.10%

CURRENT VS 20Y AVG

-7.11%

WAT Competitors' PE Ratio

NAMEMARKET CAPPE RATIOTTM3Y5Y
Waters Corporation (WAT)—46.4931.9130.9230.43
Mettler-Toledo International Inc. (MTD)$22.85B26.5031.9932.8036.44
BioNTech SE (BNTX)$21.81BN/A55.7322.6282.47
Veeva Systems Inc. (VEEV)$26.73B29.1947.1054.6566.86
Biogen Inc. (BIIB)$29.00B21.0516.5318.5018.66
DexCom, Inc. (DXCM)$29.24B32.3242.0071.55113.61
Moderna, Inc. (MRNA)$18.40BN/A15.4632.5132.51
IQVIA Holdings Inc. (IQV)$30.60B22.7225.9829.3138.48
Hologic, Inc. (HOLX)$16.97B31.6728.1230.0822.83
Medline Inc. (MDLN)$30.90B30.2031.6431.6431.64

P/E vs. its own history

At 46.5, P/E is richer than usual — richer than 95% of its 20-year range.

20-year low

9.6

median

24.6

20-year high

1128.7

cheaperricher

P/E Comparison

Trailing P/E

46.5

Forward P/E

22.3

Forward P/E Calculation

View All Analyst Estimates

Forward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.

Calculation:

Current Price

$365.87

÷

Forward EPS (Est.)

$16.43

=

Forward P/E

22.27

Source: FMP Analyst Consensus Estimates. Forward EPS represents the average analyst estimate for the nearest fiscal year.

Waters Corporation PE Ratio Formula & Definition

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

Waters Corporation PE Ratio FAQ

What is the P/E ratio for Waters Corporation (WAT)?
The P/E ratio for WAT stock is 46.49.
Is Waters Corporation's P/E ratio high or low?
Waters Corporation's P/E ratio of 46.49 is 53% above its 5-year average of 30.43, near the high end of its 5-year range (20.87–48.74).
What is the TTM average P/E ratio for Waters Corporation (WAT)?
The TTM average P/E ratio for WAT stock is 31.91.
What is the 3Y average P/E ratio for Waters Corporation (WAT)?
The 3Y average P/E ratio for WAT stock is 30.92.
What is the 5Y average P/E ratio for Waters Corporation (WAT)?
The 5Y average P/E ratio for WAT stock is 30.43.
What is the 10Y average P/E ratio for Waters Corporation (WAT)?
The 10Y average P/E ratio for WAT stock is 79.37.
What is the 15Y average P/E ratio for Waters Corporation (WAT)?
The 15Y average P/E ratio for WAT stock is 59.68.
What is the 20Y average P/E ratio for Waters Corporation (WAT)?
The 20Y average P/E ratio for WAT stock is 50.05.

Waters Corporation PE Ratio History

DATEPE RATIO
2026-06-1046.49
2026-06-0947.16
2026-06-0846.17
2026-06-0546.42
2026-06-0447.84
2026-06-0348.26
2026-06-0247.26
2026-06-0148.05
2026-05-2948.74
2026-05-2846.59
2026-05-2743.48
2026-05-2643.03
2026-05-2243.50
2026-05-2143.33
2026-05-2043.37
2026-05-1942.35
2026-05-1842.21
2026-05-1541.83
2026-05-1442.34
2026-05-1342.56
2026-05-1244.75
2026-05-1132.32
2026-05-0832.97
2026-05-0732.54
2026-05-0632.45
2026-05-0531.80
2026-05-0428.03
2026-05-0128.52
2026-04-3028.71
2026-04-2927.12
2026-04-2827.92
2026-04-2727.84
2026-04-2428.77
2026-04-2328.90
2026-04-2231.05
2026-04-2131.13
2026-04-2031.16
2026-04-1730.43
2026-04-1629.62
2026-04-1530.29
2026-04-1430.73
2026-04-1330.15
2026-04-1029.71
2026-04-0929.49
2026-04-0829.58
2026-04-0728.54
2026-04-0628.23
2026-04-0228.25
2026-04-0127.84
2026-03-3127.65
2026-03-3027.24
2026-03-2726.85
2026-03-2627.91
2026-03-2528.07
2026-03-2428.03
2026-03-2328.02
2026-03-2027.76
2026-03-1927.82
2026-03-1827.40
2026-03-1727.58
2026-03-1626.93
2026-03-1326.61
2026-03-1226.31
2026-03-1127.63
2026-03-1027.82
2026-03-0928.38
2026-03-0628.09
2026-03-0529.30
2026-03-0429.62
2026-03-0328.98
2026-03-0228.53
2026-02-2729.65
2026-02-2629.97
2026-02-2529.66
2026-02-2430.30
2026-02-2330.43
2026-02-2030.64
2026-02-1930.21
2026-02-1830.10
2026-02-1729.54
2026-02-1329.72
2026-02-1229.40
2026-02-1130.26
2026-02-1030.06
2026-02-0930.16
2026-02-0635.05
2026-02-0534.64
2026-02-0435.32
2026-02-0334.83
2026-02-0234.86
2026-01-3034.07
2026-01-2934.48
2026-01-2835.39
2026-01-2735.85
2026-01-2635.93
2026-01-2336.06
2026-01-2236.80
2026-01-2136.46
2026-01-2035.28
2026-01-1635.60
2026-01-1536.27
2026-01-1436.14
2026-01-1336.22
2026-01-1236.18
2026-01-0936.47
2026-01-0836.46
2026-01-0736.71
2026-01-0636.81
2026-01-0536.30
2026-01-0235.11
2025-12-3134.91
2025-12-3035.29
2025-12-2935.40
2025-12-2635.48
2025-12-2435.37
2025-12-2335.22
2025-12-2235.31
2025-12-1934.75
2025-12-1834.59
2025-12-1734.66
2025-12-1634.79
2025-12-1535.42
2025-12-1235.42
2025-12-1136.05
2025-12-1036.38
2025-12-0935.49
2025-12-0836.10
2025-12-0536.29
2025-12-0436.43
2025-12-0336.55
2025-12-0236.64
2025-12-0136.56
2025-11-2837.08
2025-11-2637.42
2025-11-2537.92
2025-11-2436.72
2025-11-2136.21
2025-11-2034.80
2025-11-1934.58
2025-11-1834.62
2025-11-1734.74
2025-11-1434.87
2025-11-1334.86
2025-11-1235.60
2025-11-1135.49
2025-11-1034.61
2025-11-0734.16
2025-11-0634.11
2025-11-0534.19
2025-11-0433.76
2025-11-0331.16
2025-10-3131.52
2025-10-3030.92
2025-10-2930.97
2025-10-2831.19
2025-10-2731.72
2025-10-2432.42
2025-10-2332.07
2025-10-2231.44
2025-10-2131.49
2025-10-2030.94
2025-10-1730.17
2025-10-1630.20
2025-10-1529.97
2025-10-1430.04
2025-10-1330.33
2025-10-1029.85
2025-10-0929.80
2025-10-0829.54
2025-10-0728.71
2025-10-0629.54
2025-10-0329.61
2025-10-0229.03
2025-10-0128.84
2025-09-3027.03
2025-09-2926.10
2025-09-2626.30
2025-09-2525.95
2025-09-2426.39
2025-09-2326.98
2025-09-2227.28
2025-09-1927.13
2025-09-1827.63
2025-09-1727.38
2025-09-1627.33
2025-09-1526.96
2025-09-1226.64
2025-09-1127.27
2025-09-1026.42
2025-09-0927.10
2025-09-0827.90
2025-09-0527.62
2025-09-0427.02
2025-09-0326.16
2025-09-0226.73
2025-08-2927.21
2025-08-2826.84
2025-08-2726.57
2025-08-2626.70
2025-08-2526.96
2025-08-2227.25
2025-08-2126.19
2025-08-2026.76
2025-08-1926.85
2025-08-1826.10
2025-08-1526.29
2025-08-1426.47
2025-08-1326.77
2025-08-1225.75
2025-08-1125.18
2025-08-0825.36
2025-08-0725.07
2025-08-0625.04
2025-08-0525.36
2025-08-0425.75
2025-08-0126.34
2025-07-3126.20
2025-07-3027.14
2025-07-2927.51
2025-07-2827.44
2025-07-2527.49
2025-07-2427.08
2025-07-2326.83
2025-07-2226.09
2025-07-2125.56
2025-07-1826.09
2025-07-1726.94
2025-07-1626.28
2025-07-1526.28
2025-07-1427.60
2025-07-1132.02
2025-07-1032.06
2025-07-0931.69
2025-07-0831.56
2025-07-0731.46
2025-07-0331.78
2025-07-0231.93
2025-07-0132.40
2025-06-3031.67
2025-06-2731.98
2025-06-2632.21
2025-06-2531.76
2025-06-2431.47
2025-06-2331.11
2025-06-2031.09
2025-06-1830.79
2025-06-1730.95
2025-06-1631.56
2025-06-1331.06
2025-06-1231.72
2025-06-1131.40
2025-06-1031.75
2025-06-0931.61
2025-06-0631.87
2025-06-0531.43
2025-06-0432.05
2025-06-0331.71
2025-06-0231.19
2025-05-3031.69
2025-05-2932.24

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

Related Metrics

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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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