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GuruFocus has detected 3 Warning Signs with Waters Corp $FRA:WAZ.
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Waters Corp (FRA:WAZ)
EV-to-EBITDA
15.81 (As of Today)

EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA. As of today, Waters Corp's enterprise value is €10,670 Mil. Waters Corp's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Dec. 2016 was €675 Mil. Therefore, Waters Corp's EV/EBITDA ratio for today is 15.81.

FRA:WAZ' s EV-to-EBITDA Range Over the Past 10 Years
Min: 7   Max: 20.6
Current: 15.48

7
20.6

During the past 13 years, the highest EV/EBITDA Ratio of Waters Corp was 20.60. The lowest was 7.00. And the median was 14.20.

FRA:WAZ's EV-to-EBITDA is ranked higher than
60% of the 165 Companies
in the Global Medical Instruments & Supplies industry.

( Industry Median: 16.75 vs. FRA:WAZ: 15.48 )

EV/EBITDA (Enterprise value/EBITDA) is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the P/E Ratio to determine the fair market value of a company.

As of today, Waters Corp's stock price is €144.68. Waters Corp's earnings per share for the trailing twelve months (TTM) ended in Dec. 2016 was €5.83. Therefore, Waters Corp's P/E Ratio for today is 24.81.

The "classic" EV/EBITDA ratio is much better in capturing debt and net cash than the P/E Ratio.


Definition

Waters Corp's EV/EBITDA for today is calculated as:

EV/EBITDA=Enterprise Value (Today)/Earnings Before Depreciation and Amortization (TTM)
=10670.208/675.055648831
=15.81

Waters Corp's current Enterprise Value is €10,670 Mil.
Waters Corp's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Dec. 2016 was 125.880028736 (Mar. 2016 ) + 161.164115344 (Jun. 2016 ) + 161.671567317 (Sep. 2016 ) + 226.339937435 (Dec. 2016 ) = €675 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

EV/EBITDA (Enterprise value/EBITDA) is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the P/E Ratio to determine the fair market value of a company.

Waters Corp's P/E Ratio for today is calculated as:

P/E Ratio=Share Price (Today)/Earnings Per Share (TTM)
=144.68/5.8313609224
=24.81

Waters Corp's share price for today is €144.68.
Waters Corp's Earnings Per Share for the trailing twelve months (TTM) ended in Dec. 2016 was 1.03268678161 (Mar. 2016 ) + 1.39729441082 (Jun. 2016 ) + 1.36327185245 (Sep. 2016 ) + 2.03810787752 (Dec. 2016 ) = €5.83.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Study has found that the companies with the lowest EV/EBITDA outperforms companies measured as cheap by other ratios such as P/E Ratio.

Please read Which price ratio outperforms the enterprise multiple?


Related Terms

Enterprise Value, Earnings Before Depreciation and Amortization, P/E Ratio


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Waters Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebitda 18.887.8012.8213.5310.5412.2613.3414.1815.2713.27

Waters Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebitda 12.4714.1814.7714.9213.6315.2714.9215.2116.6713.27
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