P/E ratio for Waters Corporation (WAT)
P/E ratio as of May 2024 (TTM): 28.4
According to Waters Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 28.4284. At the end of 2022 the company had a P/E ratio of 29.0.
P/E ratio history for Waters Corporation from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 29.0 | -12.34% |
| 2021 | 33.1 | 12.11% |
| 2020 | 29.5 | 11.7% |
| 2019 | 26.4 | 8.32% |
| 2018 | 24.4 | -96.97% |
| 2017 | 805 | 3775.35% |
| 2016 | 20.8 | -11.87% |
| 2015 | 23.6 | 7.68% |
| 2014 | 21.9 | 15.35% |
| 2013 | 19.0 | 14.78% |
| 2012 | 16.5 | 6.49% |
| 2011 | 15.5 | -17.3% |
| 2010 | 18.8 | 2.09% |
| 2009 | 18.4 | 62.54% |
| 2008 | 11.3 | -61.8% |
| 2007 | 29.6 | 30.02% |
| 2006 | 22.8 | 6.65% |
| 2005 | 21.4 | -15.11% |
| 2004 | 25.2 | 5.45% |
| 2003 | 23.9 | 24.87% |
| 2002 | 19.1 | -56.61% |
| 2001 | 44.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Thermo Fisher Scientific TMO | 37.4 | 31.54% | 🇺🇸 USA |
 Agilent Technologies A | 37.3 | 31.15% | 🇺🇸 USA |
 General Electric GE | 19.7 | -30.53% | 🇺🇸 USA |
 Mettler-Toledo
MTD | 31.3 | 9.93% | 🇺🇸 USA |
 Danaher DHR | 31.1 | 9.45% | 🇺🇸 USA |
 PerkinElmer
PKI | 15.0 | -47.35% | 🇺🇸 USA |
 Bruker BRKR | 34.0 | 19.47% | 🇺🇸 USA |
 Bio-Rad Laboratories BIO | -46.9 | -264.97% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.