65/100B458.78
USD
-3.27
(-0.71%)
Market Open
Last updated: · Delayed 15 min
Fair value325.47Plus+41%244Price 458.78407
Q4 FY2026 · Earnings report
EPS estimate 4.63Revenue estimate 1.81B
Q4 FY2026 · Earnings report
EPS estimate 4.63Revenue estimate 1.81B
Waters P/E ratioWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
Waters's P/E ratio is 195.23: its share price of 458.78 over its earnings per share of 2.35 over the last twelve months.
- Today
- 195.23
- Forward P/E, next 12 months
- 28.18
- PEG ratio
- 11.05
- Median, 5 years
- 28.62
- Low, 5 years
- 20.79
- High, 5 years
- 202.39
P/E ratio = price ÷ EPS (last 12 months) = 458.78 ÷ 2.35 = 195.23
Each day's closing price over the earnings per share of the last four quarters reported by that day (basic EPS, adjusted for splits). The P/E moves with the price every day and with the earnings at each report.
The forward P/E divides the price by the analysts' average EPS estimate for the next twelve months: the fiscal year in progress for the months left in it, the next one for the rest. For past days it uses each year's latest estimate, as the estimates of the time were not recorded (we keep a daily copy from November 2026), so the past line reads the price against the earnings expected by the time each year was reported.
Is Waters's P/E high compared with its own history?Is the P/E high or low for this stock? Today's P/E against every daily P/E of the stock's last 5 years, with the growth analysts expect: whether the stock is expensive or cheap compared with itself, and whether its growth explains it.
Waters's P/E of 195.2 is near the top of its 5-year range (20.8 to 202.4, median 28.6). It is within 5% of its 5-year high. Analysts expect faster growth than in recent years, which can explain part of the high P/E.
Is the price fair? See the whole check
A P/E is compared with the stock's own last five years, not with other companies. Why the market pays more or less (news, rates, the sector) is not in these figures.
P/E ratio by year and by quarter
| Fiscal year | Period ending | P/E ratio | Forward P/E | Market cap | Net income |
|---|---|---|---|---|---|
| FY2027 · Estimate | 31 Dec 2027 | 27.76 | — | — | — |
| FY2026 · Estimate | 31 Dec 2026 | 31.26 | — | — | — |
| Today | 195.23 | 28.18 | 45.05B | 98.21M | |
| FY2025 | 31 Dec 2025 | 35.17 | 28.28 | 22.60B | 642.63M |
| FY2024 | 31 Dec 2024 | 34.51 | 28.28 | 22.01B | 637.83M |
| FY2023 | 31 Dec 2023 | 30.28 | 27.91 | 19.45B | 642.23M |
| FY2022 | 31 Dec 2022 | 29.03 | 29.30 | 20.55B | 707.76M |
| FY2021 | 31 Dec 2021 | 33.11 | 31.26 | 22.94B | 692.84M |
| FY2020 | 31 Dec 2020 | 29.46 | 22.48 | 15.36B | 521.57M |
| FY2019 | 31 Dec 2019 | 26.68 | 21.42 | 15.80B | 592.20M |
| FY2018 | 31 Dec 2018 | 24.46 | 21.42 | 14.52B | 593.79M |
| FY2017 | 31 Dec 2017 | 758.96 | 23.95 | 15.42B | 20.31M |
| FY2016 | 31 Dec 2016 | 20.82 | 18.09 | 10.86B | 521.50M |
| FY2015 | 31 Dec 2015 | 23.62 | 20.58 | 11.08B | 469.05M |
| FY2014 | 31 Dec 2014 | 22.03 | 19.17 | 9.51B | 431.62M |
| FY2013 | 31 Dec 2013 | 18.98 | 18.15 | 8.54B | 450.00M |
| FY2012 | 31 Dec 2012 | 16.58 | 16.69 | 7.65B | 461.44M |
| FY2011 | 31 Dec 2011 | 15.54 | 7.21 | 6.73B | 432.97M |
| FY2010 | 31 Dec 2010 | 18.81 | 7.21 | 7.18B | 381.76M |
| FY2009 | 31 Dec 2009 | 18.36 | 7.21 | 5.94B | 323.31M |
| FY2008 | 31 Dec 2008 | 11.27 | 7.21 | 3.64B | 322.48M |
| FY2007 | 31 Dec 2007 | 29.64 | 28.34 | 7.95B | 268.07M |
| FY2006 | 31 Dec 2006 | 22.63 | 11.93 | 5.03B | 222.20M |
| FY2005 | 31 Dec 2005 | 21.34 | 11.93 | 4.31B | 201.98M |
| FY2004 | 31 Dec 2004 | 24.98 | 11.93 | 5.60B | 224.05M |
| FY2003 | 31 Dec 2003 | 23.90 | 11.93 | 4.08B | 170.89M |
| FY2002 | 31 Dec 2002 | 19.24 | 15.56 | 2.84B | 147.71M |
| FY2001 | 31 Dec 2001 | 44.17 | 30.51 | 5.06B | 114.54M |
| FY2000 | 31 Dec 2000 | 68.23 | 68.50 | 10.65B | 156.11M |
| FY1999 | 31 Dec 1999 | 26.65 | 25.48 | 3.26B | 122.30M |
| FY1998 | 31 Dec 1998 | 35.10 | 29.08 | 2.61B | 74.40M |
| FY1997 | 31 Dec 1997 | — | 17.65 | 1.11B | -8.30M |
| FY1996 | 31 Dec 1996 | 45.79 | 18.08 | 911.25M | 19.90M |
| FY1995 | 31 Dec 1995 | 35.59 | — | 501.88M | 14.10M |
| Quarter | Period ending | P/E ratio | Forward P/E | Market cap | Net income |
|---|---|---|---|---|---|
| Q3 FY2026 | 3 Oct 2026 | 425.39 | 28.28 | 41.78B | 98.21M |
| Q2 FY2026 | 4 Jul 2026 | 224.20 | 28.28 | 37.25B | 166.14M |
| Q1 FY2026 | 4 Apr 2026 | 55.63 | 28.28 | 24.99B | 449.25M |
| Q4 FY2025 | 31 Dec 2025 | 35.20 | 28.28 | 22.62B | 642.63M |
| Q3 FY2025 | 27 Sept 2025 | 26.76 | 28.28 | 17.36B | 648.81M |
| Q2 FY2025 | 28 Jun 2025 | 31.71 | 28.28 | 20.97B | 661.39M |
| Q1 FY2025 | 29 Mar 2025 | 32.76 | 28.28 | 21.53B | 657.02M |
| Q4 FY2024 | 31 Dec 2024 | 34.54 | 28.28 | 22.03B | 637.83M |
| Q3 FY2024 | 28 Sept 2024 | 34.04 | 28.01 | 21.19B | 622.64M |
| Q2 FY2024 | 29 Jun 2024 | 28.90 | 23.32 | 17.22B | 595.69M |
| Q1 FY2024 | 30 Mar 2024 | 33.78 | 28.45 | 20.39B | 603.51M |
| Q4 FY2023 | 31 Dec 2023 | 30.32 | 27.91 | 19.47B | 642.23M |
| Q3 FY2023 | 30 Sept 2023 | 24.81 | 23.32 | 16.20B | 653.09M |
| Q2 FY2023 | 1 Jul 2023 | 23.26 | 22.71 | 15.69B | 674.54M |
| Q1 FY2023 | 1 Apr 2023 | 26.61 | 26.43 | 18.33B | 688.85M |
| Q4 FY2022 | 31 Dec 2022 | 28.72 | 29.30 | 20.32B | 707.76M |
| Q3 FY2022 | 1 Oct 2022 | 23.13 | 22.96 | 16.12B | 696.93M |
| Q2 FY2022 | 2 Jul 2022 | 28.89 | 28.53 | 20.28B | 702.12M |
| Q1 FY2022 | 2 Apr 2022 | 26.53 | 26.02 | 18.69B | 704.55M |
| Q4 FY2021 | 31 Dec 2021 | 32.80 | 31.26 | 22.72B | 692.84M |
| Q3 FY2021 | 2 Oct 2021 | 31.41 | 30.41 | 21.83B | 694.92M |
| Q2 FY2021 | 3 Jul 2021 | 33.20 | 30.96 | 21.93B | 660.50M |
| Q1 FY2021 | 3 Apr 2021 | 28.77 | 25.33 | 17.73B | 616.14M |
| Q4 FY2020 | 31 Dec 2020 | 29.49 | 22.48 | 15.38B | 521.57M |
| Q3 FY2020 | 26 Sept 2020 | 23.51 | 18.56 | 11.85B | 503.93M |
| Q2 FY2020 | 27 Jun 2020 | 21.01 | 18.19 | 10.83B | 515.29M |
| Q1 FY2020 | 28 Mar 2020 | 21.49 | 20.78 | 11.54B | 536.77M |
| Q4 FY2019 | 31 Dec 2019 | 25.17 | 21.42 | 14.91B | 592.20M |
| Q3 FY2019 | 28 Sept 2019 | 25.56 | 21.42 | 14.74B | 576.68M |
| Q2 FY2019 | 29 Jun 2019 | 25.62 | 21.42 | 14.85B | 579.56M |
| Q1 FY2019 | 30 Mar 2019 | 30.55 | 21.42 | 18.05B | 590.83M |
| Q4 FY2018 | 31 Dec 2018 | 23.76 | 21.42 | 14.11B | 593.79M |
| Q3 FY2018 | 29 Sept 2018 | 268.75 | 22.59 | 14.91B | 55.47M |
| Q2 FY2018 | 30 Jun 2018 | 298.02 | 22.96 | 15.07B | 50.56M |
| Q1 FY2018 | 31 Mar 2018 | 586.79 | 24.08 | 15.67B | 26.71M |
| Q4 FY2017 | 31 Dec 2017 | 755.45 | 23.95 | 15.34B | 20.31M |
| Q3 FY2017 | 30 Sept 2017 | 26.12 | 22.70 | 14.31B | 547.86M |
| Q2 FY2017 | 1 Jul 2017 | 27.40 | 23.74 | 14.70B | 536.61M |
| Q1 FY2017 | 1 Apr 2017 | 23.48 | 20.61 | 12.52B | 533.01M |
| Q4 FY2016 | 31 Dec 2016 | 20.71 | 18.09 | 10.80B | 521.50M |
| Q3 FY2016 | 1 Oct 2016 | 25.67 | 21.99 | 12.79B | 498.18M |
| Q2 FY2016 | 2 Jul 2016 | 23.45 | 20.34 | 11.48B | 489.60M |
| Q1 FY2016 | 2 Apr 2016 | 23.22 | 19.73 | 10.84B | 467.04M |
| Q4 FY2015 | 31 Dec 2015 | 23.43 | 20.58 | 10.99B | 469.05M |
| Q3 FY2015 | 3 Oct 2015 | 20.86 | 18.71 | 9.79B | 469.29M |
| Q2 FY2015 | 4 Jul 2015 | 22.90 | 20.83 | 10.68B | 466.51M |
| Q1 FY2015 | 4 Apr 2015 | 22.55 | 20.54 | 10.31B | 457.38M |
| Q4 FY2014 | 31 Dec 2014 | 21.73 | 19.17 | 9.38B | 431.62M |
| Q3 FY2014 | 27 Sept 2014 | 19.86 | 17.31 | 8.38B | 421.91M |
| Q2 FY2014 | 28 Jun 2014 | 21.89 | 18.51 | 8.90B | 406.46M |
| Q1 FY2014 | 29 Mar 2014 | 22.92 | 19.23 | 9.15B | 399.25M |
| Q4 FY2013 | 31 Dec 2013 | 18.89 | 18.15 | 8.50B | 450.00M |
| Q3 FY2013 | 28 Sept 2013 | 18.87 | 19.74 | 9.14B | 484.37M |
| Q2 FY2013 | 29 Jun 2013 | 17.62 | 18.66 | 8.55B | 485.43M |
| Q1 FY2013 | 30 Mar 2013 | 16.36 | 17.76 | 8.08B | 493.84M |
| Q4 FY2012 | 31 Dec 2012 | 16.37 | 16.69 | 7.55B | 461.44M |
| Q3 FY2012 | 29 Sept 2012 | 17.23 | 16.07 | 7.28B | 422.65M |
| Q2 FY2012 | 30 Jun 2012 | 16.52 | 15.43 | 7.02B | 424.79M |
| Q1 FY2012 | 31 Mar 2012 | 19.30 | 18.12 | 8.25B | 427.15M |
| Q4 FY2011 | 31 Dec 2011 | 15.22 | 7.21 | 6.59B | 432.97M |
| Q3 FY2011 | 1 Oct 2011 | 16.21 | 7.21 | 6.85B | 422.43M |
| Q2 FY2011 | 2 Jul 2011 | 21.52 | 7.21 | 8.95B | 415.89M |
| Q1 FY2011 | 2 Apr 2011 | 20.11 | 7.21 | 8.06B | 400.73M |
| Q4 FY2010 | 31 Dec 2010 | 18.66 | 7.21 | 7.12B | 381.76M |
| Q3 FY2010 | 2 Oct 2010 | 18.10 | 7.21 | 6.50B | 359.28M |
| Q2 FY2010 | 3 Jul 2010 | 17.17 | 7.21 | 5.84B | 340.50M |
| Q1 FY2010 | 3 Apr 2010 | 19.52 | 7.21 | 6.35B | 325.48M |
| Q4 FY2009 | 31 Dec 2009 | 17.94 | 7.21 | 5.80B | 323.31M |
| Q3 FY2009 | 3 Oct 2009 | 16.11 | 7.21 | 5.13B | 318.54M |
| Q2 FY2009 | 4 Jul 2009 | 15.00 | 7.21 | 4.71B | 314.11M |
| Q1 FY2009 | 4 Apr 2009 | 11.62 | 7.21 | 3.80B | 327.35M |
| Q4 FY2008 | 31 Dec 2008 | 11.06 | 7.21 | 3.57B | 322.48M |
| Q3 FY2008 | 27 Sept 2008 | 18.32 | 13.32 | 5.90B | 322.07M |
| Q2 FY2008 | 28 Jun 2008 | 21.36 | 16.68 | 6.49B | 303.85M |
| Q1 FY2008 | 29 Mar 2008 | 19.94 | 16.70 | 5.59B | 280.61M |
| Q4 FY2007 | 31 Dec 2007 | 29.61 | 28.34 | 7.94B | 268.07M |
| Q3 FY2007 | 29 Sept 2007 | 26.83 | 24.01 | 6.68B | 249.02M |
| Q2 FY2007 | 30 Jun 2007 | 24.20 | 21.31 | 5.96B | 246.11M |
| Q1 FY2007 | 31 Mar 2007 | 25.14 | 20.85 | 5.88B | 233.98M |
| Q4 FY2006 | 31 Dec 2006 | 22.35 | 11.93 | 4.97B | 222.20M |
| Q3 FY2006 | 30 Sept 2006 | 21.16 | 11.93 | 4.61B | 217.91M |
| Q2 FY2006 | 1 Jul 2006 | 23.67 | 11.93 | 4.57B | 193.25M |
| Q1 FY2006 | 1 Apr 2006 | 22.62 | 11.93 | 4.51B | 199.54M |
| Q4 FY2005 | 31 Dec 2005 | 19.57 | 11.93 | 3.95B | 201.98M |
| Q3 FY2005 | 1 Oct 2005 | 23.75 | 11.93 | 4.70B | 197.89M |
| Q2 FY2005 | 2 Jul 2005 | 19.28 | 11.93 | 4.32B | 224.12M |
| Q1 FY2005 | 2 Apr 2005 | 18.52 | 11.93 | 4.25B | 229.80M |
| Q4 FY2004 | 31 Dec 2004 | 24.79 | 11.93 | 5.55B | 224.05M |
| Q3 FY2004 | 2 Oct 2004 | 25.23 | 11.93 | 5.32B | 210.94M |
| Q2 FY2004 | 3 Jul 2004 | 28.37 | 11.93 | 5.54B | 195.41M |
| Q1 FY2004 | 3 Apr 2004 | 28.04 | 11.93 | 4.98B | 177.76M |
| Q4 FY2003 | 31 Dec 2003 | 23.32 | 11.93 | 3.99B | 170.89M |
| Q3 FY2003 | 30 Sept 2003 | 21.95 | 11.28 | 3.35B | 152.73M |
| Q2 FY2003 | 30 Jun 2003 | 23.18 | 13.98 | 3.60B | 155.34M |
| Q1 FY2003 | 31 Mar 2003 | 18.25 | 12.16 | 2.67B | 146.45M |
| Q4 FY2002 | 31 Dec 2002 | 18.62 | 15.56 | 2.75B | 147.71M |
| Q3 FY2002 | 30 Sept 2002 | 29.91 | 17.74 | 3.17B | 106.05M |
| Q2 FY2002 | 30 Jun 2002 | 31.23 | 20.02 | 3.29B | 105.28M |
| Q1 FY2002 | 31 Mar 2002 | 32.82 | 21.50 | 3.66B | 111.38M |
| Q4 FY2001 | 31 Dec 2001 | 44.33 | 30.51 | 5.08B | 114.54M |
| Q3 FY2001 | 30 Sept 2001 | 27.20 | 28.45 | 4.52B | 166.26M |
| Q2 FY2001 | 30 Jun 2001 | 21.68 | 22.18 | 3.60B | 166.25M |
| Q1 FY2001 | 31 Mar 2001 | 36.82 | 37.70 | 6.05B | 164.19M |
| Q4 FY2000 | 31 Dec 2000 | 69.62 | 68.50 | 10.87B | 156.11M |
| Q3 FY2000 | 30 Sept 2000 | 77.68 | 75.80 | 11.44B | 147.22M |
| Q2 FY2000 | 30 Jun 2000 | 57.43 | 55.28 | 7.92B | 137.97M |
| Q1 FY2000 | 31 Mar 2000 | 46.15 | 43.92 | 5.98B | 129.62M |
| Q4 FY1999 | 31 Dec 1999 | 27.22 | 25.48 | 3.33B | 122.30M |
| Q3 FY1999 | 30 Sept 1999 | 33.56 | 31.32 | 3.79B | 113.00M |
| Q2 FY1999 | 30 Jun 1999 | 29.99 | 29.72 | 3.18B | 105.90M |
| Q1 FY1999 | 31 Mar 1999 | 32.43 | 31.97 | 3.15B | 97.20M |
| Q4 FY1998 | 31 Dec 1998 | 35.18 | 29.08 | 2.62B | 74.40M |
| Q3 FY1998 | 30 Sept 1998 | 42.26 | 24.03 | 2.03B | 48.00M |
| Q2 FY1998 | 30 Jun 1998 | — | 22.88 | 1.72B | -15.00M |
| Q1 FY1998 | 31 Mar 1998 | — | 21.10 | 1.49B | -20.40M |
| Q4 FY1997 | 31 Dec 1997 | — | 17.65 | 1.14B | -8.30M |
| Q3 FY1997 | 30 Sept 1997 | 1,056.10 | 21.67 | 1.27B | 1.20M |
| Q2 FY1997 | 30 Jun 1997 | 20.68 | 18.71 | 1.01B | 48.70M |
| Q1 FY1997 | 31 Mar 1997 | 30.65 | 14.87 | 735.63M | 24.00M |
| Q4 FY1996 | 31 Dec 1996 | 41.98 | 18.08 | 835.31M | 19.90M |
| Q3 FY1996 | 30 Sept 1996 | 138.70 | — | 846.04M | 6.10M |
| Q2 FY1996 | 30 Jun 1996 | 100.47 | — | 904.27M | 9.00M |
| Q1 FY1996 | 31 Mar 1996 | 32.64 | — | 757.14M | 23.20M |
| Q4 FY1995 | 31 Dec 1995 | 36.98 | — | 521.43M | 14.10M |
| Q3 FY1995 | 30 Sept 1995 | — | — | 321.41M | — |
| Q2 FY1995 | 30 Jun 1995 | — | — | 325.19M | — |
| Q1 FY1995 | 31 Mar 1995 | — | — | 340.31M | — |
Figures in USD. A quarter's revenue, net income and dividends are those of its last four quarters. A forecast year's P/E is today's price over the analysts' EPS estimate for that year.
See also:Market cap,P/S ratio,ROE (return on equity),Debt to equity,Current ratio,All ratios
Common questions about Waters's P/E ratio
Source: Financial Modeling PrepVerified against SEC filings