The proton stopping power of liquid water was, for the first time, measured in the energy range 4.7-15.2 MeV. The proton energies were determined by the time-of-flight transmission technique with the microchannel plate detectors, which were especially developed for timing applications. The results are compared to the literature values (from ICRU Report 49 (1993) and Janni's tabulation (1982 At. Data Nucl. Data Tables 27 147-339)) which are based on Bethe's formula and an agreement is found within the experimental uncertainty of 4.6%. Thus, earlier reported discrepancy between the experimental and literature stopping power values at lower energies was not observed at the energies considered in this experiment.