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STOCK COMPARISON

Tomra Systems ASA vs Waste Management: Fair Value & Quality

Both stocks run through our valuation models. Here is how Tomra Systems ASA (TOM) and Waste Management (WM) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Waste Management as the more attractively valued of the two: Tomra Systems ASA trades at NOK 90.95 versus a fair value of NOK 57.21 (-37%), while Waste Management trades at $208 versus $228 (+10%).
Tomra Systems ASA
TOM.OL · NOK · Industrials
-37%
upside to fair value
overvalued
PriceNOK 90.95
Fair ValueNOK 57.21
Quality58/100
Waste Management
WM · USD · Industrials
+10%
upside to fair value
fairly valued
Price$208
Fair Value$228
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

Tomra Systems ASAWaste Management
Valuation
29.5×P/E (TTM)30.1×
2.27×P/S (TTM)3.69×
5.24× · book value is mostly goodwillP/B9.38× · book value is mostly goodwill
17.0×EV/EBITDA15.1×
1.70×PEG2.38×
−37.1%Fair value upside+9.9%
2.4%Dividend yield1.6%
NOK 2.15Dividend per share$3.42
Profitability
5%Operating margin18%
0.85×EBIT margin trend (5Y)1.12×
14%Return on equity30%
5%Return on assets7%
Growth
9%Revenue growth (YoY)4%
-52.4%Avg. growth/yr (3Y)8.6%
-33.2%Avg. growth/yr (5Y)10.6%
−32.9%Value creation/yr+13.8%
Balance & size
8.2×Interest coverage (EBIT/interest)5.1×
0.88×Debt / equity2.22×
$3BMarket cap$94B
weakGrowth qualityhealthy

Waste Management leads: 6 to 9 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.

Tomra Systems ASAof which business quality 57 · market factors 23 Waste Managementof which business quality 54 · market factors 51
ProfitabilityMargins and returns on capital today
55
50
Quality GrowthAre margins and returns improving?
33
56
CashflowEarnings quality: real cash, not paper profit
50
64
Fin. StrengthBalance sheet, leverage, solvency risk
51
34
InvestmentDisciplined investing over empire-building
85
35
Low VolatilityCalm price path (market factor)
41
94
MomentumPrice trend over the last 3–12 months (market factor)
23
36
52W MomentumDistance to the 52-week high (market factor)
1
29
Net IssuanceShare count: buybacks or dilution?
82
85

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 familyTomra Systems ASAPrice NOK 90.95Waste ManagementPrice $208
DCF Models-94%below the priceNOK 5.36-37%below the price$131
Earnings-Based-98%below the priceNOK 2.09-61%below the price$80.38
Dividend Discount-98%below the priceNOK 1.93n/a
Multiples-93%below the priceNOK 5.98-39%below the price$127
Asset-Based-99%below the priceNOK 1.32-92%below the price$16.67
Growth DCF-93%below the priceNOK 5.95-42%below the price$122
Economic Profit-98%below the priceNOK 1.86-66%below the price$71.06
Growth Earnings-95%below the priceNOK 5.00-38%below the price$128
Minimum-99%below the priceNOK 1.32-92%below the price$16.67
Maximum-93%below the priceNOK 5.98-37%below the price$131
Median-96%below the priceNOK 3.55-42%below the price$122
Geometric mean-97%below the priceNOK 3.14-61%below the price$81.88

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%.

Tomra Systems ASA: 24 of 24 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.

Tomra Systems ASA
Price NOK 90.95
Fair Value NOK 57.21
Bear NOK 39.02Bull NOK 87.23
Waste Management
Price $208
Fair Value $228
Bear $123Bull $413

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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.

Tomra Systems ASA · Industrials

Quality score58 · above median
Fair value upside-37% · below median

Waste Management · Industrials

Quality score56 · above median
Fair value upside+10% · above median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Waste Management as the more attractively valued of the two: Tomra Systems ASA trades at NOK 90.95 versus a fair value of NOK 57.21 (-37%), while Waste Management trades at $208 versus $228 (+10%).

Tomra Systems ASA has the higher quality score (58/100).

Open Waste Management live analysis →
Tomra Systems ASA · 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.