Valuation models
price $462.72 · as of Nov 2, 2026
DCF · Perpetuity growth · 5yused182.04 – 258.01213.94116% overvaluedDCF · Perpetuity growth · 10y186.31 – 266.31219.81111% overvaluedDCF · EBITDA exit · 5y454.93 – 497.11475.453% undervaluedDCF · EBITDA exit · 10y394.54 – 466.24428.658% overvaluedP/E · peers311.53 – 472.20410.6213% overvaluedP/E · own history347.06 – 423.54379.3622% overvaluedPEG—226.37104% overvaluedEV/EBITDA · peers494.49 – 721.05659.3530% undervaluedEV/Revenue · peers408.40 – 650.68485.415% undervaluedEarnings power value94.38 – 136.36111.99313% overvaluedWall St. consensus target—477.503% belowCost of capital (WACC)—9.33%—
DCF · Perpetuity growth · 5y leads for profitable growth — positive operating income and three years of positive free cash flow. How the headline model is chosen.
Model value · DCF · Perpetuity growth · 5y
213.94
Waters closed at $462.72 — overvalued by 116% vs model.
182.04the model's range258.01
DCF · Perpetuity growth · 5y leads for profitable growth — positive operating income and three years of positive free cash flow. From a five-year discounted cash flow.
Other models
111.99 – 659.35
Wall St. target
477.50 3% below
Above model, 1y
27 of 30 days
How it is valued
Valued asProfitable Growth
Low/slowing growth (~3% recent)High profitability (20% net margin)Highly cyclical earnings
Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; how each model works is in the manual.