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Friday 6 November 2026 Export WAY’s income statement to Excel — free account

Waystar Holding Corp.

WAY Healthcare Health Information Services

Waystar Holding Corp.’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 16.5% from fiscal 2024.

Revenue
+21.2%
EPS
−10.2%
Free cash flow
+23.4%
Total debt
+18.4%

Quarter to September 2026, against a year earlier

28.33 0.55 −1.90%
Market cap
$5.6B
P/E
40.9×
Fwd P/E
31.9×
Dividend yield
—
F-score
6/9
Altman Z
2.16
Beneish M
−2.41
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Waystar Holding Corp. (WAY) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Waystar Holding Corp. (WAY) trades at a P/B ratio of 1.4×. Over the past ten years it has ranged from 0.8× (June 2026) to 2.3× (June 2025); the current reading is higher than 45% of that period. That is below the Health Information Services industry median of 1.9× and below the Healthcare sector median of 2.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.5× (15.91%)
FY2024 1.8× 45.40%
FY2023 1.2× 0.00%
FY2022 1.2× —

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.2× 21.93%
Jun 2026 1.0× (15.80%)
Mar 2026 1.2× (21.88%)
Dec 2025 1.5× (26.77%)
9 more quarters

Against its own ten years

Low 0.8× High 2.3×
Ten-year median 1.6×
Current reading's percentile 45

P/B ratio against peers

Company P/B ratio
WAY Waystar Holding Corp. 1.4×
PRVA Privia Health Group, Inc. compare 3.5×
HQY HealthEquity, Inc. compare 4.3×
BTSG BrightSpring Health Services, Inc. compare 6.3×
DOCS Doximity, Inc. compare 6.4×
SDGR Schrodinger, Inc. compare 7.2×
HTFL Heartflow, Inc. compare 16.1×
TEM Tempus AI, Inc. compare 25.5×
HNGE Hinge Health Inc. compare 26.6×
Health Information Services industry median 1.9×
Healthcare sector median 2.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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