WAY (Waystar Holding) EV-to-EBITDA: 13.20 (As of Jul. 22, 2026) — 32% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

WAY Waystar Holding Corp WAY
14 GF Score
Price $21.51
! 3 Warning Signs
View Full Analysis

What is Waystar Holding EV-to-EBITDA?

Waystar Holding WAY +0.02% 14 EV-to-EBITDA is 13.20 as of Jul. 22, 2026, which is 32% below its 10-year median of 19.48. GuruFocus rates WAY with a GF Score™ of 14/100. The stock has 3 warning signs investors should review. Among 506 Healthcare Providers & Services companies, Waystar Holding ranks worse than 57.71% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Waystar Holding's enterprise value is $5,453 Mil. Waystar Holding's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $413 Mil. Therefore, Waystar Holding's EV-to-EBITDA for today is 13.20.

The historical rank and industry rank for Waystar Holding's EV-to-EBITDA or its related term are showing as below:

WAY' s EV-to-EBITDA Range Over the Past 10 Years
Min: 11.68   Med: 19.48   Max: 28.63
Current: 13.2

During the past 5 years, the highest EV-to-EBITDA of Waystar Holding was 28.63. The lowest was 11.68. And the median was 19.48.

WAY's EV-to-EBITDA is ranked worse than
57.71% of 506 companies
in the Healthcare Providers & Services industry
Industry Median: 11.075 vs WAY: 13.20

EV-to-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 PE Ratio to determine the fair market value of a company.

As of today (2026-07-22), Waystar Holding's stock price is $21.51. Waystar Holding's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $0.670. Therefore, Waystar Holding's PE Ratio (TTM) for today is 32.10.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Waystar Holding  (NAS:WAY) EV-to-EBITDA Explanation

EV-to-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 PE Ratio (TTM) to determine the fair market value of a company.

Waystar Holding's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=21.51/0.670
=32.10

Waystar Holding's share price for today is $21.51.
Waystar Holding's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.670.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


Waystar Holding EV-to-EBITDA Related Terms


Waystar Holding EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Waystar Holding's EV-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Waystar Holding EV-to-EBITDA Chart

Waystar Holding Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
0.00 0.00 0.00 23.84 19.70

Waystar Holding Quarterly Data
Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.67 21.40 19.55 19.70 14.40

WAY vs DOCS, PRVA, HTFL: EV-to-EBITDA Comparison

For the Health Information Services subindustry, Waystar Holding's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Waystar Holding EV-to-EBITDA vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Waystar Holding's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Waystar Holding's EV-to-EBITDA falls into.


WAY
14GF Score
Waystar Holding Corp WAY
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Waystar Holding EV-to-EBITDA Calculation

Waystar Holding's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=5453.194/413.181
=13.20

Waystar Holding's current Enterprise Value is $5,453 Mil.
Waystar Holding's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $413 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EV-to-EBITDA →
What does a EV-to-EBITDA of 13.20 mean?
Waystar Holding (WAY) has a EV-to-EBITDA of 13.20 as of Jul. 22, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Waystar Holding. This is 32% below median its historical median of 19.48. Over the past decade, Waystar Holding's EV-to-EBITDA has ranged from 11.68 to 28.63. According to the industry distribution chart, Waystar Holding ranks #292 out of 506 companies in the Healthcare Providers & Services industry, placing it in the top 57.7%.
Is Waystar Holding's EV-to-EBITDA too high?
Waystar Holding's current EV-to-EBITDA of 13.20 is 32% below median its 10-year median of 19.48. Over the past 10 years, this metric has ranged from a low of 11.68 to a high of 28.63. The Healthcare Providers & Services industry median EV-to-EBITDA is 11.08. Waystar Holding's value of 13.20 is 19.2% above this industry median. Based on the distribution chart, Waystar Holding ranks #292 out of 506 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Waystar Holding has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Waystar Holding's EV-to-EBITDA compare to DOCS and PRVA?
According to the Healthcare Providers & Services industry distribution chart, Waystar Holding ranks #292 out of 506 companies for EV-to-EBITDA. This places Waystar Holding in the lower half of its industry. The industry median EV-to-EBITDA is 11.08. Waystar Holding's value of 13.20 is 19.2% above this benchmark. Historically, Waystar Holding's own EV-to-EBITDA has ranged from 11.68 to 28.63 over the past decade. While the company's 10-year median is 19.48 vs. the industry median of 11.08, Waystar Holding has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Healthcare Providers & Services company?
The median EV-to-EBITDA among Healthcare Providers & Services companies is 11.08, based on 506 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waystar Holding's current EV-to-EBITDA of 13.20 is 19.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Waystar Holding. For the Healthcare Providers & Services industry, the median EV-to-EBITDA is 11.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waystar Holding's current EV-to-EBITDA is 13.20, which is 32% below median its own 10-year median of 19.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waystar Holding stock overvalued right now?
Waystar Holding (WAY) has a current EV-to-EBITDA of 13.20. The current EV-to-EBITDA is 13.20, which is 32% below median its 10-year median of 19.48 and 19.2% above the Healthcare Providers & Services industry median of 11.08. Waystar Holding's overall GF Score™ is 14/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Waystar Holding (WAY), the current EV-to-EBITDA is 13.20 as of Jul. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Waystar Holding Business Description

Other Exchanges T8Z:Germany
Address 1550 Digital Drive, Suite 300, Lehi, UT, USA, 84043
Waystar Holding Corp is a provider of mission-critical cloud technology to healthcare organizations. Its enterprise-grade platform transforms the complex and disparate processes comprising healthcare payments received by healthcare providers from payers and patients, from pre-service engagement through post-service remittance and reconciliation. its platform enhances data integrity, eliminates manual tasks, and improves claim and billing accuracy, which results in transparency, reduced labor costs, and faster, more accurate reimbursement and cash flow. The market for solutions extends throughout the United States and includes Puerto Rico and other USA Territories.
14GF Score

Get the complete analysis for WAY

EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$21.51
Price