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STOCK COMPARISON

Secure Energy Services vs Waste Management: Fair Value & Quality

Both stocks run through our valuation models. Here is how Secure Energy Services (SECYF) and Waste Management (WM) compare, as of Oct 2, 2026.

As of Oct 2, 2026, Fair Value Calculator sees Waste Management as the more attractively valued of the two: Secure Energy Services trades at $18.00 versus a fair value of $6.58 (−63.4%), while Waste Management trades at $202 versus $224 (+11.1%).
Secure Energy Services
SECYF · USD · Energy
−63.4%
upside to fair value
overvalued
Price$18.00
Fair Value$6.58
Quality58/100
Waste Management
WM · USD · Industrials
+11.1%
upside to fair value
undervalued
Price$202
Fair Value$224
Quality56/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Secure Energy ServicesWaste Management
Valuation
41.9×P/E (TTM)28.8×
n/aP/E ex one-offs (FY2025)28.4×
n/aForward P/E (FY2027)22.1×
n/aMedian P/E at FY-end (10 FY, ex one-offs where documented)28.8×
3.65×P/S (TTM)3.20×
7.12×P/B8.23× · book value is mostly goodwill
13.7×EV/EBITDA13.4×
n/aPEG1.90×
−63.4%Fair value upside+11.1%
2.3%Dividend yield1.7%
$0.41Dividend per share$3.54
Profitability
18.3%Operating margin19.0%
n/aEBIT margin trend (5Y)1.12×
16.3%Return on equity29.8%
7.1%Return on assets6.6%
Growth
18.9%Revenue growth (YoY)4.0%
41.5%Avg. growth/yr (3Y)8.6%
28.3%Avg. growth/yr (5Y)10.6%
−2.0%Value creation/yr+13.9%
Balance & size
4.6×Interest coverage (EBIT/interest)5.1×
1.09×Debt / equity2.22×
$4BMarket cap$82B
mixedGrowth qualityhealthy
The P/E excluding one-off items is only shown where the special items are documented in the accounts (our own raw data or SEC filings). If one side lacks it, the reported P/E stays scored.
Waste Management, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 7 of the years ex one-offs: 28.8.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

Even match: 5 to 5 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Secure Energy Servicesof which business quality 54 · market factors 83 Waste Managementof which business quality 53 · market factors 47
ProfitabilityMargins and returns on capital today
42
50
Quality GrowthAre margins and returns improving?
40
56
CashflowEarnings quality: real cash, not paper profit
49
64
Fin. StrengthBalance sheet, leverage, solvency risk
38
33
InvestmentDisciplined investing over empire-building
75
35
Low VolatilityCalm price path (market factor)
41
94
MomentumPrice trend over the last 3–12 months (market factor)
100
31
52W MomentumDistance to the 52-week high (market factor)
100
21
Net IssuanceShare count: buybacks or dilution?
100
84

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familySecure Energy ServicesPrice $18.00Waste ManagementPrice $202
DCF Models−62.9%below the price$6.68−35.0%below the price$131
Earnings-Based−51.1%below the price$8.80−60.0%below the price$80.76
Dividend Discount−74.0%below the price$4.68n/a
Multiples−68.8%below the price$5.62−36.6%below the price$128
Asset-Based−90.5%below the price$1.71−91.7%below the price$16.75
Growth DCF−66.1%below the price$6.11−39.5%below the price$122
Economic Profit−65.4%below the price$6.24−65.9%below the price$68.90
Growth Earnings−44.1%below the price$10.07−36.3%below the price$129
Minimum−90.5%below the price$1.71−91.7%below the price$16.75
Maximum−44.1%below the price$10.07−35.0%below the price$131
Median−65.7%below the price$6.17−39.5%below the price$122
Geometric mean−68.7%below the price$5.63−59.5%below the price$81.85

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Secure Energy Services: 25 of 26 models see the stock below the current price.

Waste Management: 22 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Secure Energy Services
Price $18.00
Fair Value $6.58
Bear $2.61Bull $13.09
Waste Management
Price $202
Fair Value $224
Bear $120Bull $292

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Secure Energy Services · Energy

Quality score58 · above median
Fair value upside−63.4% · bottom 25%

Waste Management · Industrials

Quality score56 · above median
Fair value upside+11.1% · above median

Bottom line

As of Oct 2, 2026, Fair Value Calculator sees Waste Management as the more attractively valued of the two: Secure Energy Services trades at $18.00 versus a fair value of $6.58 (−63.4%), while Waste Management trades at $202 versus $224 (+11.1%).

Secure Energy Services has the higher quality score (58/100).

Open Waste Management live analysis →
Secure Energy Services · Waste Management

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.