An evaluation unit for a magnetostrictive displacement sensor and a magnetostrictive displacement sensor for determining a position of at least one position encoder having an input for receiving an electrical measurement signal generated by the magnetostrictive displacement sensor are proposed. The electrical measurement signal includes a position signal representing a position of a position encoder movable relative to a magnetostrictive device component and a reference signal representing a reference position, having a first evaluation branch for evaluating the measurement signal. The first evaluation branch is adapted to determine a position signal time of flight of the position signal and a first reference signal time of flight of the reference signal.