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STOCK COMPARISON

Waste Connections vs Waste Management: Fair Value & Quality

Both stocks run through our valuation models. Here is how Waste Connections (WCN) and Waste Management (WM) compare, as of Aug 8, 2026.

As of Aug 8, 2026, Fair Value Calculator sees Waste Management as the less overvalued of the two: Waste Connections trades at $167 versus a fair value of $78.46 (-53%), while Waste Management trades at $229 versus $128 (-44%).
Waste Connections
WCN · USD · Industrials
-53%
upside to fair value
overvalued
Price$167
Fair Value$78.46
Quality57/100
Waste Management
WM · USD · Industrials
-44%
upside to fair value
overvalued
Price$229
Fair Value$128
Quality59/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Waste ConnectionsWaste Management
Valuation
41.7×P/E (TTM)33.8×
4.48×P/S (TTM)3.69×
5.23×P/B9.38×
16.9×EV/EBITDA15.1×
2.71×PEG2.38×
0.8%Dividend yield1.5%
$1.33Dividend per share$3.42
Profitability
11%Net margin11%
19%Operating margin18%
13%Return on equity30%
5%Return on assets7%
Growth
6%Revenue growth (YoY)4%
9.6%Avg. growth/yr (3Y)8.6%
11.8%Avg. growth/yr (5Y)10.6%
Balance & size
1.07×Debt / equity2.22×
$43BMarket cap$94B
mixedGrowth qualityhealthy

Waste Management leads: 6 to 8 metric wins.

Dash = 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.

Waste Connectionsof which business quality 58 · market factors 53 Waste Managementof which business quality 54 · market factors 60
ProfitabilityMargins and returns on capital today
41
50
Quality GrowthAre margins and returns improving?
56
56
CashflowEarnings quality: real cash, not paper profit
68
64
Fin. StrengthBalance sheet, leverage, solvency risk
48
34
InvestmentDisciplined investing over empire-building
60
35
Low VolatilityCalm price path (market factor)
91
94
MomentumPrice trend over the last 3–12 months (market factor)
39
43
52W MomentumDistance to the 52-week high (market factor)
35
52
Net IssuanceBuybacks instead of dilution
87
85

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Waste Connections

DCF Models$91.87
Earnings-Based$71.23
Multiples$78.68
Asset-Based$21.70
Growth DCF$96.47
Economic Profit$32.07
Growth Earnings$101

23 of 24 models see the stock below the current price.

Waste Management

DCF Models$111
Earnings-Based$80.38
Multiples$125
Asset-Based$16.67
Growth DCF$112
Economic Profit$71.06
Growth Earnings$125

24 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Waste Connections
Bear $43.14Fair Value $78.46Bull $119
$167 = current price (white tick)
Waste Management
Bear $51.16Fair Value $128Bull $177
$229 = current price (white tick)

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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.

Waste Connections · Industrials

Quality score57 · above median
Fair value upside-53% · below median

Waste Management · Industrials

Quality score59 · above median
Fair value upside-44% · below median

Bottom line

As of Aug 8, 2026, Fair Value Calculator sees Waste Management as the less overvalued of the two: Waste Connections trades at $167 versus a fair value of $78.46 (-53%), while Waste Management trades at $229 versus $128 (-44%).

Waste Management has the higher quality score (59/100).

See the full analysis →
Waste Connections · Waste Management

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.