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WATERS CORP /DE/

WATCIK 0001000697Life Sciences

Compare:DHR A BIO TMO BRKR TECH

Compare WAT

Relative Valuation

WAT Relative Valuation

Compare public peers against market pricing to see what the current peer set implies for fair value.

Relative Valuation

WAT Relative Valuation

Compare public peers against market pricing to see what the current peer set implies for fair value.

Adjust assumptions

Peer assumption controls

Adjust the usable peer mix to see how each valuation multiple moves the blended fair value.

Open intrinsic valuation

Peer-implied fair value

$208.33

Blended value per share under the current mix.

Current price

$418.64

Sep 16, 2026

Peer gap

-50.2%

Peers imply 50.2% downside

Weighting mixer

EV / EBITDAN/A

Price / Sales50%

Price / Earnings50%

Value contribution

6 peers →

Price / Sales

$9.19B

Price / Earnings

$11.28B

Price / Sales

50% of the blend

$18.39B

Price / Earnings

50% of the blend

$22.55B

Equal-weight baseline

Discount 0.0%

The simple average of every usable peer method, before your weighting adjustments.

Baseline equity value

$20.47B

Baseline / share

$208.33

Relative valuation prices this company against what the market already pays for its peers. For a cash-flow view that does not inherit peer sentiment, open the intrinsic model.

Spreadsheet data

Underlying peer data

Audit the saved peer set and the method inputs behind the blended fair value.

Peer data table

The saved peer set across price, scale, operating metrics, and raw valuation multiples.

Peer	Price	Market cap	Enterprise value	Revenue	EBITDA

Adjust assumptions

Peer assumption controls

Adjust the usable peer mix to see how each valuation multiple moves the blended fair value.

Open intrinsic valuation

Peer-implied fair value

$208.33

Blended value per share under the current mix.

Current price

$418.64

Sep 16, 2026

Peer gap

-50.2%

Peers imply 50.2% downside

Weighting mixer

EV / EBITDAN/A

Price / Sales50%

Price / Earnings50%

Value contribution

6 peers →

Price / Sales

$9.19B

Price / Earnings

$11.28B

Price / Sales

50% of the blend

$18.39B

Price / Earnings

50% of the blend

$22.55B

Equal-weight baseline

Discount 0.0%

The simple average of every usable peer method, before your weighting adjustments.

Baseline equity value

$20.47B

Baseline / share

$208.33

Relative valuation prices this company against what the market already pays for its peers. For a cash-flow view that does not inherit peer sentiment, open the intrinsic model.

Spreadsheet data

Underlying peer data

Audit the saved peer set and the method inputs behind the blended fair value.

Peer data table

The saved peer set across price, scale, operating metrics, and raw valuation multiples.

Peer	Price	Market cap	Enterprise value	Revenue	EBITDA

DHR

DANAHER CORP /DE/

—

$24.57B

$6.98B

—

Cap —EV —Rev $24.57BEBITDA $6.98BP/E —P/S —EV/EBITDA —

AGILENT TECHNOLOGIES, INC.

$153.69

$43.33B

—

$6.95B

$1.83B

33.63x

6.24x

—

Cap $43.33BEV —Rev $6.95BEBITDA $1.83BP/E 33.63xP/S 6.24xEV/EBITDA —

BIO

BIO-RAD LABORATORIES, INC.

—

$2.58B

$1.21B

—

Cap —EV —Rev $2.58BEBITDA $1.21BP/E —P/S —EV/EBITDA —

TMO

THERMO FISHER SCIENTIFIC INC.

$648.43

$239.76B

—

$44.56B

$11.41B

36.55x

5.38x

—

Cap $239.76BEV —Rev $44.56BEBITDA $11.41BP/E 36.55xP/S 5.38xEV/EBITDA —

BRKR

BRUKER CORP

—

$3.44B

$257.40M

—

Cap —EV —Rev $3.44BEBITDA $257.40MP/E —P/S —EV/EBITDA —

TECH

BIO-TECHNE Corp

—

$1.22B

$349.88M

—

Cap —EV —Rev $1.22BEBITDA $349.88MP/E —P/S —EV/EBITDA —

Weighted averages

Which peer averages feed the weighted fair value, and which methods are excluded.

Method	Type	Avg. multiple	Coverage	Implied equity value	Fair value / share	Status
EV / EBITDA EVExcluded	Enterprise Multiple	—	0/6	—	—	No saved peers have usable coverage for this method.
Price / Sales PSActive	Equity Multiple	5.81x	2/6	$18.39B	$187.14	Included in the active peer mix.
Price / Earnings PEActive	Equity Multiple	35.09x	2/6	$22.55B	$229.53	Included in the active peer mix.

EV / EBITDA

EV · Enterprise Multiple

Excluded

Avg. multiple

—

Coverage

0/6

Implied equity value

—

Fair value / share

—

No saved peers have usable coverage for this method.

Price / Sales

PS · Equity Multiple

Active

Avg. multiple

5.81x

Coverage

2/6

DHR DANAHER CORP /DE/ FY ended Feb 02, 2026	—	—	—	$24.57B	$6.98B	$3.61B	—	—	—
A AGILENT TECHNOLOGIES, INC. FY ended Dec 10, 2025	$153.69	$43.33B	—	$6.95B	$1.83B	$1.30B	33.63x	6.24x	—
BIO BIO-RAD LABORATORIES, INC. FY ended Dec 31, 2025	—	—	—	$2.58B	$1.21B	$759.90M	—	—	—
TMO THERMO FISHER SCIENTIFIC INC. FY ended Jan 31, 2026	$648.43	$239.76B	—	$44.56B	$11.41B	$6.70B	36.55x	5.38x	—
BRKR BRUKER CORP FY ended Dec 31, 2025	—	—	—	$3.44B	$257.40M	-$8.60M	—	—	—
TECH BIO-TECHNE Corp FY ended Aug 17, 2026	—	—	—	$1.22B	$349.88M	$181.86M	—	—	—