TacticScaleWhat Watts Water Technologies Does & How It Makes Money (WTS)
Updated October 2026 · reflects Watts Water Technologies's latest reported financials
Maker of valves, heating and drainage products for buildings. It earns revenue by manufacturing and selling flow control, heating, drainage, and water quality products, mainly through plumbing, heating, and mechanical wholesale distributors, as well as through OEMs, specialty distributors, retail/DIY chains, and private label accounts across the Americas, Europe, Asia-Pacific, the Middle East, and Africa.
How Watts Water Technologies makes money
It earns revenue by manufacturing and selling flow control, heating, drainage, and water quality products, mainly through plumbing, heating, and mechanical wholesale distributors, as well as through OEMs, specialty distributors, retail/DIY chains, and private label accounts across the Americas, Europe, Asia-Pacific, the Middle East, and Africa.
What Watts Water Technologies does
Watts Water Technologies, founded in 1874 and based in North Andover, Massachusetts, supplies products that manage and conserve the flow of fluids and energy in commercial, industrial, and residential buildings. Its main lines are flow control and protection (backflow preventers, pressure regulators, relief and mixing valves, leak detection, washroom, hydration, and emergency safety equipment), HVAC and gas products (commercial boilers, water heaters, radiant heating, hydronic pump groups, and flexible gas connectors), and drainage and water re-use and water quality products. The company sells mostly through plumbing, heating, and mechanical wholesale distributors, and also to OEMs, specialty distributors, DIY/retail chains, and private label accounts. It operates across the Americas, Europe, Asia-Pacific, the Middle East, and Africa. Demand is tied to building construction, renovation, and replacement activity, as well as plumbing and water-safety requirements.
Products & services
- Backflow preventers and water pressure regulators
- Temperature/pressure relief and thermostatic mixing valves
- Commercial boilers and water heaters
- Hydronic and electric under-floor radiant heating
- Drainage, connected roof drains and rainwater harvesting systems
- Water quality and leak detection products
What is Watts Water Technologies worth?
On an owner-earnings DCF, Watts Water Technologies's most-likely value is about $223 versus a recent price near $353 (37% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$102) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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