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WAT Waters PE ratio, current and historical analysis

The PE ratio for Waters stock stands at 31.86 as of Jun 27, 2025. This is calculated based on the TTM EPS of $11.06 and the stock price of $352.41 per share. A decrease of 2% has been observed in the PE ratio compared to its average of 32.5 of the past four quarters.

WAT PE ratio history

How has WAT's PE ratio performed in the past

Over the last ten years, the average PE ratio of Waters has been 70.7. The current 31.86 price-to-earnings ratio is 55% less than the historical average. Analyzing the last ten years, WAT's PE ratio reached its highest point in the Dec 2017 quarter at 772.76, with a price of $193.19 and an EPS of $0.25. The Dec 2016 quarter saw the lowest point at 20.8, with a price of $134.39 and an EPS of $6.46.

Today
31.57
Average
70.7
Median
27.3
Minimum
20.8
Maximum
772.76

Waters PE ratio by year

Maximum annual increase: 3,615.19% in 2017

Maximum annual decrease: -96.83% in 2018

Year PE ratio PE change Price EPS
2024 34.51 13.93% $370.98 $10.75
2023 30.29 4.34% $329.23 $10.87
2022 29.03 -12.35% $342.58 $11.8
2021 33.12 12.46% $372.6 $11.25
2020 29.45 10.42% $247.42 $8.4
2019 26.67 8.99% $233.65 $8.76
2018 24.47 -96.83% $188.65 $7.71
2017 772.76 3,615.19% $193.19 $0.25
2016 20.8 -11.9% $134.39 $6.46
2015 23.61 7.22% $134.58 $5.7
2014 22.02 16.02% $112.72 $5.12
2013 18.98 14.41% $100 $5.27
2012 16.59 6.89% $87.12 $5.25
2011 15.52 -17.53% $74.05 $4.77
2010 18.82 2.34% $77.71 $4.13

Waters PE ratio by quarter (TTM)

Year PE ratio PE change Price EPS
Mar 2025 32.75 -5.1% $362.16 $11.06
Dec 2024 34.51 1.5% $370.98 $10.75
Sep 2024 34 18.01% $357.33 $10.51
Jun 2024 28.81 -14.2% $290.12 $10.07
Mar 2024 33.58 10.86% $344.23 $10.25
Dec 2023 30.29 22.29% $329.23 $10.87
Sep 2023 24.77 5.85% $274.21 $11.07
Jul 2023 23.4 -12.72% $266.54 $11.39
Apr 2023 26.81 -7.65% $309.63 $11.55
Dec 2022 29.03 23.95% $342.58 $11.8
Oct 2022 23.42 -19.77% $269.53 $11.51
Jul 2022 29.19 8.88% $336.89 $11.54
Apr 2022 26.81 -19.05% $308.58 $11.51
Dec 2021 33.12 4.58% $372.6 $11.25
Oct 2021 31.67 -5.12% $355.7 $11.23

WAT Price vs fair value

How does WAT's price compare to its estimated fair value based on its growth

WAT average PE ratio chart

What is the average PE ratio of WAT for the past years

The current PE ratio of WAT is above its 3 and 5-year averages, but it is under its 10-year average.

3-year avg
29.21
5-year avg
29.35
10-year avg
70.7
15-year avg
53.48

WAT PE vs peers

What is WAT's PE ratio compared to its peers

WAT's PE ratio is less than its peer stocks GE and DHR, but it is above TMO's and A's. Waters is currently trading at a lower PE ratio (31.86) than its peers average of 40.1.

Stock name PE ratio Market cap
TMO Thermo Fisher Scientific Inc 23.72 $153.01B
A Agilent Technologies Inc 29 $33.53B
MTD Mettler Toledo International Inc 29.21 $24.42B
WAT Waters Corp 31.57 $20.78B
DHR Danaher Corp 38.06 $141.38B
GE General Electric Co 39.72 $274.45B
BRKR Bruker Corp 79.23 $6.24B
BIO Bio-Rad Laboratories Inc N/A $6.57B
HBIO Harvard Bioscience Inc N/A $20.33M

Frequently asked questions

What is Waters's PE ratio?

The price to earnings ratio for WAT stock is 31.86 as of Jun 27, 2025.

What is the 3-year average PE ratio for Waters (WAT)?

The average PE ratio for WAT stock over the past 3 years is 29.21.

What is the 5-year average PE ratio for Waters (WAT)?

The average PE ratio for WAT stock over the past 5 years is 29.35.

What is the highest PE ratio for WAT?

Over the last ten years, the Dec 2017 quarter recorded the highest quarterly PE ratio at 772.76.

How does the current PE ratio for WAT compare to its historical average?

The current PE ratio of WAT is 55% lower than the 10-year historical average.

How is WAT's PE ratio calculated (Waters PE ratio formula)?

The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (Jun 27, 2025), Waters's share price is $352.41. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $11.06. Therefore, Waters's price to earnings ratio for today is 31.86. PE RATIO(31.86) = STOCK PRICE($352.41) / TTM EPS($11.06)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.