Stocktoria

WATTS WATER TECHNOLOGIES INC WTS

NYSE · stock · Miscellaneous Fabricated Metal Products · website · IPO 1986-08-21 · LEI

WATTS WATER TECHNOLOGIES INC statistics & valuation

Market cap$11.3B
P / E33.2×
P / S4.6×
P / B5.6×
P / FCF31.8×
Net margin14.0%
Return on equity16.8%
FCF margin14.6%
Net cash$207.8M
Net debt / EBITDA-0.4×
Enterprise value USD$11.1B
EV / EBITDA22×
Earnings yield EBIT/EV4%
Return on capital18.9%
Graham number -69.5%$117.69

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($117.69); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
6.00% 5.00% 8.20% 8.20% 7.60% 9.20% 12.70% 12.70% 12.90% 14.00% 2016201720182019202020212022202320242025
Gross margin (%)
40.40% 41.40% 42.00% 42.30% 41.50% 42.40% 44.20% 46.70% 47.20% 49.50% 2016201720182019202020212022202320242025
Operating margin (%)
10.40% 11.10% 12.00% 12.30% 12.00% 13.20% 15.90% 17.10% 17.30% 18.40% 2016201720182019202020212022202320242025
Return on equity (%)
11.40% 8.80% 14.40% 13.40% 10.70% 14.10% 19.30% 17.30% 17.10% 16.80% 2016201720182019202020212022202320242025
Shares outstanding
34.5M 34.4M 34.3M 34.2M 34.0M 33.9M 33.6M 33.5M 33.5M 33.5M 2016201720182019202020212022202320242025
Net debt ($)
$315.2M $219.3M $150.9M $90.3M -$18.9M -$100.1M -$163.2M -$51.8M -$189.9M -$207.8M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
4.80% 4.20% 7.70% 7.60% 6.60% 8.90% 13.00% 11.30% 12.10% 11.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
7.30% 8.70% 8.50% 10.30% 12.30% 8.50% 9.90% 13.70% 14.50% 14.60% 2016201720182019202020212022202320242025
Debt / equity (×)
0.89× 0.60× 0.40× 0.32× 0.19× 0.12× 0.11× 0.20× 0.12× 0.10× 2016201720182019202020212022202320242025
EPS ($)
$2.44 $2.12 $3.73 $3.85 $3.36 $4.88 $7.48 $7.82 $8.69 $10.17 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

WATTS WATER TECHNOLOGIES INC trades at about 38× earnings — above its 10-year norm (10-year range 20.1×–37.6×, median 27×).

20.1× 38×

Shaded band = 10-year range (20.1×–37.6×); dot = today's 38×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin49.5%47.2%46.7%44.2%42.4%41.5%42.3%42.0%41.4%40.4%
Operating margin18.4%17.3%17.1%15.9%13.2%12.0%12.3%12.0%11.1%10.4%
Net margin14.0%12.9%12.7%12.7%9.2%7.6%8.2%8.2%5.0%6.0%
FCF margin14.6%14.5%13.7%9.9%8.5%12.3%10.3%8.5%8.7%7.3%
Return on assets11.8%12.1%11.3%13.0%8.9%6.6%7.6%7.7%4.2%4.8%
Return on equity16.8%17.1%17.3%19.3%14.1%10.7%13.4%14.4%8.8%11.4%
Debt / equity0.10×0.12×0.20×0.11×0.12×0.19×0.32×0.40×0.60×0.89×
Current ratio2.512.592.612.512.112.271.752.072.391.93

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.