On 12 Nov 2026 our base value for Waters Corporation is $1,388.66 a share, 200.4% above its $462.20 close; 1 of 1 valuation methods put it above the price.
| Method | Value | vs price | Basis |
|---|---|---|---|
| Discounted cash flow | — | — | the free cash flow base is 0.64% of market cap (floor 1%) — the terminal value carries the answer, not the cash flows |
| Exit multiple (P/E) | $1,388.66 | +200.4% | earnings per share $14.67 valued at 28.43× (the stock's own median P/E) in 7 years, discounted back |
| Sum of the parts | — | — | no sum of the parts: this run holds no segment disclosure for the name |
| Price to sales | — | — | not reached: the cash-flow or earnings methods produced an anchor, so this fallback was not run |
| Tangible book | — | — | used only for lenders, where book value is the business |
| Price to FFO (REITs) | — | — | used only for REITs |
Each working is rebuilt by code from the valuation's own figures and checked against the published value.
Earnings per share grow on the same fading path as the DCF:
| Year | Growth | Earnings per share |
|---|---|---|
| Now | — | $14.67 |
| Year 1 | 70.00% | $24.93 |
| Year 2 | 49.90% | $37.37 |
| Year 3 | 35.83% | $50.77 |
| Year 4 | 25.98% | $63.96 |
| Year 5 | 19.09% | $76.16 |
| Year 6 | 14.26% | $87.02 |
| Year 7 | 10.88% | $96.49 |
| Earnings per share in year 7 | $96.49 |
| Exit P/E (the stock's own median P/E) | 28.43× |
| Value in 7 years = earnings × P/E | $2,743.35 |
| Discounted at 10.21% over 7 years: ÷ 1.9755 | $1,388.66 |
The base value is the average of the methods kept in it:
| Method | Value |
|---|---|
| Exit multiple (P/E) | $1,388.66 |
One method is kept, so the base value is its value: $1,388.66
Base value $1,388.66 a share
One-year price simulation: a 10% chance the price is below $342.65 and a 10% chance it is above $704.00 in a year; a 59% chance it is higher than today's $462.20, from 27.95% volatility. The simulation assumes the price drifts up at our discount rate of 10.21% a year.
| Week | Price | Base value |
|---|---|---|
| 2 Oct 2026 | $425.21 | $318.13 |
| 9 Oct 2026 | $433.77 | $320.82 |
| 16 Oct 2026 | $436.95 | $940.58 |
| 23 Oct 2026 | $453.67 | $945.53 |
| 30 Oct 2026 | $462.72 | $946.85 |
| 6 Nov 2026 | $457.60 | $1,412.08 |
| 12 Nov 2026 | $462.20 | $1,388.66 |
Data as of 12 Nov 2026; financials to 30 Sep 2026. Sources: company filings via EODHD, SEC EDGAR, US Treasury. How these values are computed. Not investment advice.
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