Waters Corporation WAT

433.54 3.24 0.75% as of 25 Sep
Market cap
$42.3B
P/E
108×
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Waters Corporation (WAT) EV/Sales

As of 25 September 2026, Waters Corporation (WAT) trades at a EV/Sales of 10.1×. Over the past ten years it has ranged from 4.1× (February 2016) to 10.2× (September 2021); the current reading is higher than 100% of that period. That is above the Diagnostics & Research industry median of 5.7× and above the Healthcare sector median of 3.6×.

EV/Sales, daily

Annual

Period EV/Sales Change
FY2025 7.3× (7.94%)
FY2024 7.9× 9.26%
FY2023 7.2× (1.55%)
FY2022 7.3× (14.56%)
FY2021 8.6× 25.77%
FY2020 6.8× (3.74%)
FY2019 7.1× 22.97%
FY2018 5.8× (5.80%)
FY2017 6.1× 33.72%
FY2016 4.6× (8.22%)

Quarterly

Period EV/Sales Change
Jun 2026 8.9× 15.85%
Mar 2026 7.7× 5.49%
Dec 2025 7.3× 22.87%
Sep 2025 5.9× (16.76%)
42 more quarters

Against its own ten years

Low 4.1× High 10.2×
Ten-year median 6.4×
Current reading's percentile 100

EV/Sales against peers

Company EV/Sales
DGX Quest Diagnostics Incorporated compare 2.7×
IQV IQVIA Holdings Inc. compare 3.5×
A Agilent Technologies, Inc. compare 6.9×
MTD Mettler-Toledo International, Inc. compare 7.9×
IDXX IDEXX Laboratories, Inc. compare 9.1×
ILMN Illumina, Inc. compare 9.3×
WAT Waters Corporation 10.1×
GH Guardant Health, Inc. compare 20.3×
NTRA Natera, Inc. compare 21.6×
Diagnostics & Research industry median 5.7×
Healthcare sector median 3.6×
Market median 2.2×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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