WAYWaystar Holding Corp.

$25.75-37% 1Y
Latest close: back above its 200-day averageSep 28, 2026what changed →

RyuScore

Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.

RyuScore 70 out of 100, Above average
Today's price. Only valuation depends on it.

Above average. Waystar Holding Corp. scores higher than 83% of the 1,794 companies Ryufin scores.

Carried by valuation and return on new capital, held back by capital allocation and the balance sheet.

Healthcare median 27 · all companies 50

Valuation

26% of the score, 37% here after data gaps

77median 13

Waystar Holding Corp. is valued at 11.5x its operating profit before acquisition amortisation (EBITA), including debt: a low multiple.

25x
20x
15x
10x
6x
11.5x
Full points at 6x or less, none from 25xfull points

Return on capital

Taken out: its 18% is shared by the others

n/ano data

Fewer than three years of operating profit and capital on file.

Return on new capital

16% of the score, 23% here after data gaps

91median 49

For every dollar of operating profit earned over 4 years, yearly profit grew by 10 cents.

-5%
12%
10%
None at minus 5 cents, full points from 12 centsfull points

Capital allocation

14% of the score, 20% here after data gaps

40median 64

How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.

Share countUp 14.9% a year over 3 years: new shares
0
5%
-3%
15%
0 pointsfull points
Assets against salesAssets grew 12% a year, sales 18%
100
12%
-2%
-5.5%
0 pointsfull points

Cycle position

Taken out: its 12% is shared by the others

n/ano data

Fewer than five years of margins on file.

Balance sheet

8% of the score, 11% here after data gaps

39median 50

What the debt weighs against the profit that has to carry it.

Net debt to EBITDA3x a year of EBITDA
39
4.5x
0.5x
3x
0 pointsfull points

Earnings quality

6% of the score, 9% here after data gaps

90median 90

Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.

Cash against profitOperating cash flow was 12.75x profit over 3 years
100
0.7x
1x
1.3x
12.8x
0 pointsfull points
AccrualsCash ran ahead of profit by 3.8% of assets
79
8%
0%
-8%
-3.8%
0 pointsfull points

How the RyuScore works

Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. For WAY, return on capital and cycle position could not be measured from the filings, so they are taken out and the remaining weights scale up.

Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-30, latest annual report FY2025.