WAT

Stock

Waters Corporation

Worth a look

Bigger than its usual dip. Not yet rare.

Waters Corporation is 11.2% off its high — deeper than its 5.1% average pullback, but it has been through 174 drawdowns before. Not historically significant yet — we'll say so if that changes.

Price $377.13 · as of Jul 9, 2026All-time high $424.70Drawdown -11.2%Severity Score™ 2.2
🟡

Moderately Elevated

Current Drawdown

-11.2%

Days in Drawdown

1765

Avg Max Drawdown

5.1%

Avg Length

52

Drawdown Severity Score™

2.2

WAT - Price & High Water Mark

WAT - Drawdown Timeline

How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.

Valuation vs Its Own History

Data as of June 28, 2026 · updated daily

Where today's valuation sits within WAT's own multi-year range. A lower percentile means today's ratio is lower than more of its past readings. This is context, not a recommendation.

Price to Sales

8.2xHistorically High · 98th percentile
Low: 1.9xMedian: 5.3xHigh: 9.9x

20 years of daily history

17.4% below its highest Price to Sales reading · 2.7x typical multiple drawdown · high date September 8, 2021

EV to EBITDA

37.6xHistorically High · 100th percentile
Low: 6.8xMedian: 18.4xHigh: 38.4x

20 years of daily history

2.1% below its highest EV to EBITDA reading · 0.3x typical multiple drawdown · high date May 29, 2026

How we measure valuation

Waters Corporation (WAT) Analysis: Current Drawdown Insights

Waters Corporation is currently in a drawdown that is unusual by its own historical standards. As of 2026-07-09, the stock is trading at $377.13, which represents a 11.2% decline from its all-time high of $424.70. This drawdown has persisted for 1765 days.

Based on its full tracked price history, Waters Corporation typically experiences drawdowns averaging 5.1% in depth, with an average duration of 52 days. Waters Corporation has gone through 174 total drawdown events in its tracked history. The largest drawdown on record for Waters Corporation was 80.1%, beginning in 2000. The longest drawdown duration on record was 3857 days.

The Drawdown Severity Score™ for Waters Corporation currently stands at 2.22. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 2.0 and 3.0 indicates a moderately elevated drawdown that's starting to exceed this asset's normal range.

Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing Waters Corporation's historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.

📜 Historical Drawdown Events

Current drawdown shown in blue. Showing the most recent and the deepest of 174 tracked pullbacks (67 listed).

Start DateEnd DateDurationMax DepthStart PriceLowest PriceRecovery Price
2021-09-08Ongoing1765 days-11.2%$424.70$377.13n/a
2021-09-072021-09-082 days-0.1%$423.40$422.98$424.70
2021-08-172021-08-3014 days-1.8%$408.13$400.74$413.06
2021-08-062021-08-116 days-0.9%$397.34$393.62$397.78
2021-07-302021-08-035 days-0.6%$391.02$388.85$391.75
2021-07-262021-07-283 days-1.6%$384.70$378.52$386.22
2021-07-162021-07-227 days-2.5%$372.26$362.99$377.17
2021-07-132021-07-142 days-0.3%$369.67$368.44$371.64
2021-06-242021-07-018 days-2.6%$346.95$337.78$351.18
2021-06-182021-06-236 days-1.2%$346.56$342.44$346.95
2021-06-142021-06-152 days-0.1%$336.58$336.18$341.80
2021-05-282021-06-0913 days-2.3%$323.74$316.28$328.00
2021-05-262021-05-272 days-0.4%$321.14$319.74$323.74
2021-05-112021-05-2515 days-4.4%$317.63$303.64$321.14
2021-04-142021-05-0522 days-3.8%$307.91$296.27$308.46
2021-04-122021-04-132 days-0.0%$307.14$307.04$307.91
2021-04-072021-04-082 days-1.9%$302.23$296.35$304.13
2021-02-032021-04-0561 days-10.2%$291.31$261.63$295.65
2021-01-252021-02-029 days-3.3%$273.62$264.67$291.31
2021-01-202021-01-223 days-0.3%$271.82$271.13$273.62
2021-01-132021-01-153 days-1.4%$266.51$262.90$268.33
2021-01-072021-01-115 days-0.6%$262.47$260.79$266.05
2019-04-092021-01-05638 days-35.9%$253.15$162.36$255.43
2019-04-022019-04-087 days-1.8%$252.98$248.36$253.15
2019-03-222019-03-298 days-2.0%$250.28$245.37$251.71
2019-03-202019-03-212 days-0.5%$246.54$245.26$250.28
2019-03-042019-03-1511 days-2.6%$244.80$238.37$244.97
2019-02-262019-02-272 days-0.2%$239.08$238.52$241.64
2019-02-192019-02-224 days-0.3%$234.69$234.00$235.41
2019-02-142019-02-152 days-1.2%$234.23$231.50$234.69
2019-02-062019-02-127 days-1.1%$232.65$230.00$234.14
2019-01-312019-02-056 days-0.6%$231.57$230.29$232.65
2019-01-242019-01-307 days-2.5%$229.51$223.71$231.57
2018-01-302019-01-23359 days-20.6%$218.70$173.54$229.51
2018-01-232018-01-253 days-1.8%$214.77$210.99$217.21
2018-01-162018-01-194 days-0.9%$209.75$207.87$210.72
2018-01-102018-01-123 days-0.8%$208.96$207.32$209.75
2017-11-212018-01-0546 days-3.5%$200.27$193.19$202.23
2017-10-302017-11-2022 days-3.3%$199.75$193.21$200.27
2017-09-132017-10-2543 days-5.9%$190.00$178.74$190.35
2017-06-092017-09-0892 days-7.4%$186.33$172.58$186.56
2017-06-052017-06-073 days-0.2%$183.96$183.59$185.81
2017-05-262017-05-316 days-0.3%$178.60$178.07$179.62
2017-05-192017-05-246 days-0.5%$176.33$175.50$177.54
2017-05-172017-05-182 days-0.3%$174.91$174.39$176.33
2017-05-102017-05-156 days-1.3%$174.50$172.22$174.71
2017-05-082017-05-092 days-0.5%$174.00$173.07$174.50
2017-05-032017-05-053 days-0.7%$173.75$172.48$174.00
2017-04-262017-05-016 days-0.9%$171.46$169.89$173.05
2016-08-242017-04-25245 days-17.4%$161.82$133.71$171.46
2016-08-022016-08-1918 days-1.5%$159.58$157.20$160.26
2015-06-192016-04-18305 days-16.8%$136.50$113.62$138.31
2014-02-212014-11-20273 days-17.3%$114.94$95.08$115.93
2013-09-272014-01-28124 days-11.6%$107.73$95.25$110.41
2011-05-202013-06-17760 days-28.1%$99.56$71.61$100.21
2000-09-292011-04-213857 days-80.1%$90.38$17.97$90.80
2000-08-292000-09-2528 days-13.3%$83.75$72.63$86.50
2000-07-132000-08-2140 days-19.3%$73.47$59.31$73.50
2000-03-072000-06-0287 days-27.5%$53.38$38.72$54.88
1999-09-152000-01-25133 days-35.1%$33.50$21.75$34.53
1999-04-271999-07-1580 days-14.5%$27.88$23.84$28.06
1999-01-041999-01-2825 days-12.8%$21.81$19.03$22.53
1998-07-171998-10-27103 days-20.8%$17.00$13.47$17.34
1997-10-061998-01-28115 days-22.1%$11.73$9.14$11.75
1997-07-011997-09-1274 days-11.7%$8.97$7.92$10.11
1996-10-041997-06-02242 days-29.7%$8.31$5.84$8.34
1996-07-011996-10-0395 days-20.5%$8.25$6.56$8.31
1996-06-031996-06-2725 days-12.0%$7.53$6.63$7.53

How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).

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Or explore current drawdowns:

Waters Corporation (WAT) is trading at $377.13 as of Jul 9, 2026. It is 11.2% below its high of $424.70. The drawdown has lasted 1,765 days. Severity score: 2.2 (Moderately Elevated).

WAT Price History and Drawdown Data

Latest price

$377.13

High-water mark

$424.70

Current drawdown

-11.2%

Days in drawdown

1,765

This WAT page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior Waters Corporation drawdowns.

What History Says About WAT

Waters Corporation has dropped 20%+ from its high 10 times in its tracked history. These events lasted an average of 639 days with an average max drop of -32.0%.

The current drawdown of -11.2% has lasted 1,765 days, which is 2.8x the average duration of comparable events.

PeriodMax DropDuration
Sep 2000 to Apr 2011-80.1%3857 days
Apr 2019 to Jan 2021-35.9%638 days
Sep 1999 to Jan 2000-35.1%133 days
Oct 1996 to Jun 1997-29.7%242 days
May 2011 to Jun 2013-28.1%760 days
Mar 2000 to Jun 2000-27.5%87 days

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