Waters Stock

Waters EV/EBIT

The EV/EBIT (Enterprise Value to EBIT) of Waters (WAT) as of Aug 16, 2026 is 21.87. In the previous year, EV/EBIT (Enterprise Value to EBIT) was 23.64 — a change of -7.49% (lower).

EV/EBIT

21.87

YoY

-7.49%

Last updated:

EV/EBIT (Enterprise Value to EBIT) of Waters is 2026 21.87 . EV/EBIT (Enterprise Value to EBIT) of Waters was 2025 23.64 . It decreases by -7.49% lower compared to the previous year.

The Waters EV/EBIT history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

PRICE-TO-EBIT
Date
PRICE-TO-EBIT
Jan 1, 2019
21.22 base
Jan 1, 2020
23.96 base
Jan 1, 2021
27.85 base
Jan 1, 2022
23.39 base
Jan 1, 2023
23.88 base
Jan 1, 2024
26.78 base
Jan 1, 2025
25.41 base
Jan 1, 2026 (e)
13.45 base
YEARPRICE-TO-EBIT
2026 est 13.45
2025 25.41
2024 26.78
2023 23.88
2022 23.39
2021 27.85
2020 23.96
2019 21.22
2018 19.21
2017 23.18
2016 17.41
2015 19.54
2014 18.29
2013 16.63
2012 14.96
2011 12.65
2010 16.12
2009 14.95
2008 9.21
2007 23.11
2006 17.12
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Waters Valuation

Details

Historical Valuation Multiples

Price-to-Earnings Ratio (P/E)

The P/E ratio divides Waters's share price by its earnings per share. It tells you how many years of current earnings you are "paying for" when you buy the stock. A P/E of 20 means you pay $20 for every $1 of annual earnings. The S&P 500 historically trades at an average P/E of roughly 15–17. A P/E significantly above that may signal high growth expectations; one below may indicate undervaluation — or declining business quality.

Price-to-Sales Ratio (P/S)

The P/S ratio divides market capitalization by total revenue. Unlike the P/E ratio, it works even for companies that are not yet profitable, making it essential for evaluating high-growth firms. A P/S below 1.0 may indicate undervaluation, while ratios above 10 are typically reserved for fast-growing tech or SaaS companies with high expected future margins.

Price-to-EBIT Ratio

This ratio relates Waters's market price to its operating earnings, excluding the effects of debt structure and tax jurisdiction. It is particularly useful for comparing companies across different countries or with different levels of leverage, because it focuses purely on operational profitability. Lower values suggest cheaper operational earnings.

How to Use This Chart

This chart plots Waters's valuation multiples over time. Compare the current P/E, P/S, and P/EBIT to their own historical averages — if the current ratio is well below the multi-year average, the stock may be relatively cheap compared to its own track record. Combine this with industry comparisons: a P/E that looks high in absolute terms may be justified if Waters grows earnings faster than its peers.

Waters Stock analysis

What does Waters do? Waters Corporation is a leading company in the field of analytics and laboratory instruments. The company was founded in 1958 by James L. Waters and is headquartered in Milford, Massachusetts. Waters Corp originated from the development of liquid chromatography (LC), a technology that allows researchers to separate, identify and analyze substances in a sample. Over the years, Waters has built on this foundation and has evolved into a company that offers a wide range of solutions for the life science industry and chemical analysis. The business model of Waters Corp is based on the development and sale of innovative technologies and instruments for the analysis of chemical and biological substances. The company focuses on four main areas: life science mass spectrometry, chromatography, chemical analysis, and laboratory information systems. Life science mass spectrometry encompasses a range of technologies that facilitate the analysis of biological molecules and medical samples. Mass spectrometry is an instrument for measuring the mass of a molecule. It is used to determine the identity of compounds in a sample and provide information about their structure. Applications are diverse and range from the exploration of new drugs to the diagnosis of diseases. Chromatography systems allow researchers to split and identify substances in a sample. The company offers a wide range of solutions for liquid chromatography and gas chromatography, including systems for high-performance liquid chromatography (HPLC), ultra-high-performance liquid chromatography (UHPLC), and gas chromatography (GC). Chemical analysis encompasses a wide range of technologies that enable rapid, accurate, and reliable analysis of chemical substances. The company offers solutions for spectroscopy, nuclear magnetic resonance spectroscopy (NMR), and X-ray crystallography. Laboratory information systems enable effective management of laboratory information, including sample and result management, as well as report generation and data security. Waters offers solutions for laboratory information management systems (LIMS), electronic signature, and electronic archiving. The company has a wide range of products, including mass spectrometers, gas chromatographs, liquid chromatographs, laboratory information and chromatography software, accessories, and consumables. Waters' product range is focused on various applications in medical research, drug development, the food industry, environmental analysis, and other industries. Waters has a long history of innovation and has received numerous awards for its advancements in technology development and analytics. The company has become a global leader in analytical instruments, software products, and consumables, serving customers in more than 100 countries worldwide. Overall, Waters Corp has a strong position in the industry based on innovative technologies, broad performance spectrum, and decades of experience. The company is expected to continue playing an important role in the analytics and instruments industry, while focusing on the demand for accuracy, precision, and speed in the field of life science technology and chemistry. Waters is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Waters stock

EV/EBIT (Enterprise Value to EBIT) of Waters is 21.87 in 2026.

EV/EBIT (Enterprise Value to EBIT) of Waters changed from 23.64 to 21.87, representing a -7.49% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of EV/EBIT (Enterprise Value to EBIT) Waters since 2006 – with annual values, charts, and detailed analysis.

The EV/EBIT ratio measures a company's enterprise value relative to its operating earnings. It accounts for debt, making it useful for comparing companies with different capital structures.

EV/EBIT = Enterprise Value / Earnings Before Interest and Taxes

To evaluate EV/EBIT (Enterprise Value to EBIT)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for EV/EBIT (Enterprise Value to EBIT).

A 'good' varies by industry and company stage. On Eulerpool, you can compare EV/EBIT (Enterprise Value to EBIT)'s Waters with sector peers and the industry average to assess whether it is attractive.

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Valuation — Waters

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