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 102.09 is 241% above its 5-year average of 29.92, near the high end of its 5-year range (20.87–105.05).
As of Friday, September 4, 2026. 187.11% above its 12-month average of 35.56.
PE Ratio (102.09) = Close Price ($402.91) / Diluted TTM EPS ($3.95)
PE RATIO
102.09
PE RATIO AVG TTM
35.56
PE RATIO AVG 3Y
31.45
PE RATIO AVG 5Y
29.92
PE RATIO AVG 10Y
29.15
PE RATIO AVG 15Y
25.99
PE RATIO AVG 20Y
24.65
CURRENT VS TTM AVG
+187.11%
CURRENT VS 3Y AVG
+224.61%
CURRENT VS 5Y AVG
+241.20%
CURRENT VS 10Y AVG
+250.23%
CURRENT VS 15Y AVG
+292.84%
CURRENT VS 20Y AVG
+314.19%
SECTOR MEDIAN · HEALTHCARE
28.24
median of 76 covered companies
CURRENT VS SECTOR MEDIAN
+261.51%
vs the sector median at left
Market Cap
$30.16B
PE Ratio
19.96
TTM Avg
18.47
3Y Avg
20.57
5Y Avg
20.25
Market Cap
$26.79B
PE Ratio
30.24
TTM Avg
31.89
3Y Avg
32.66
5Y Avg
35.43
| NAME | MARKET CAP | PE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Waters Corporation (WAT) | $30.13B | 102.09 | 35.56 | 31.45 | 29.92 |
| GE HealthCare Technologies Inc. (GEHC)vs › | $30.16B | 19.96 | 18.47 | 20.57 | 20.25 |
| Zoetis Inc. (ZTS)vs › | $30.86B | 12.49 | 18.64 | 28.35 | 33.55 |
| Medline Inc. (MDLN)vs › | $29.33B | 42.55 | 35.30 | 35.30 | 35.30 |
| Biogen Inc. (BIIB)vs › | $31.40B | 37.61 | 20.52 | 19.75 | 18.95 |
| DexCom, Inc. (DXCM)vs › | $31.90B | 34.74 | 35.73 | 61.69 | 107.16 |
| Centene Corp. (CNC)vs › | $31.90B | N/A | 8.90 | 15.70 | 23.23 |
| ResMed Inc. (RMD)vs › | $32.06B | 21.96 | 23.68 | 27.59 | 36.75 |
| Mettler-Toledo International Inc. (MTD)vs › | $26.79B | 30.24 | 31.89 | 32.66 | 35.43 |
| Labcorp Holdings Inc. (LH)vs › | $26.64B | 27.04 | 26.30 | 32.56 | 24.19 |
At 102.1, 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
102.1
Forward P/E
28.1
Forward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.
Calculation:
Current Price
$402.91
Forward EPS (Est.)
$14.57
Forward P/E
28.09
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 |
|---|---|
| 2026-09-04 | 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 | 103.49 |
| 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 | 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 |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.