Veolia Environnement SA (VEOEF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Veolia Environnement SA $31.19, price $35.00, upside -10.9%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Veolia Environnement SA
VEOEF · USOvervalued / MonitorQuality is not strong enough to offset the price risk.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range $9.36 – $43.17 · fair‑value band $21.42 – $47.27 · the $35.00 price screens above the $31.19 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
Company profile
Veolia Environnement SA designs and provides water, waste, and energy management solutions. It operates through France and Hazardous Waste Europe; Europe; Americas, Asia Pacific, Africa Middle-East; Water Technologies; and Other segments.
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Veolia Environnement SA designs and provides water, waste, and energy management solutions. It operates through France and Hazardous Waste Europe; Europe; Americas, Asia Pacific, Africa Middle-East; Water Technologies; and Other segments. The company is involved in resource management; production, treatment, distribution, and delivery of drinking and industrial process water; customer relationship management; collection, treatment, and recycling of wastewater; provision of organic matter, salts, metals, complex molecules, and energy; design and construction of water treatment and network infrastructure; and sale of water treatment equipment, technologies, and facilities. It also provides waste collection, product and waste material recovery, and waste-to-energy processing, including sale of recycled products; material recovery of organic waste; dismantling and remediation; hazardous waste processing and treatment; urban cleaning; and industrial maintenance and cleaning services. In addition, the company engages in the operation and maintenance of heating and cooling networks; optimization of industrial utilities, such as steam generation, cooling, electricity, and compressed air; installation and maintenance of production equipment; development of energy services to reduce energy consumption and CO2 emissions of buildings; integrated services for building management; production of electricity from renewable and alternative energy sources, including geothermy, biomass, co-generation, and wastewater plants, etc.; and provision of Hubgrade, a management platform for building and infrastructure energy efficiency monitoring, as well as thermal and multi-technical services. It serves industrial and service sector companies, public authorities, and individuals. The company was formerly known as Vivendi Environnement and changed its name to Veolia Environnement SA in January 2003. Veolia Environnement SA was founded in 1853 and is headquartered in Aubervilliers, France.
Stock analysis
Veolia Environnement SA (VEOEF) currently trades at $35.00, while our model-based Fair Value estimate is $31.19, 10.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $39.22 per share, and 10 of the 23 models we run sit above the $35.00 price.
Bear case: the Asset-Based group reads lowest at $7.22, and 13 of the 23 models stay below the price. Evidence for this calculation is high.
Scenario range: $21.42 (bear) to $47.27 (bull), the price of $35.00 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 52/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Veolia Environnement SA reported revenue of €44.4B in FY2025 versus €28.5B in FY2021, a compound +11.7%/yr. Reported net income was €1.2B in FY2025, compounding +31.7%/yr from FY2021.
Key figures
Market cap $30.6B · P/E ratio 17.9 · P/S ratio 0.49 · EPS (TTM) $1.95 · Dividend yield 4.3% · Net margin 2.7% · Return on equity 12.2% · Return on assets (EBIT) 3.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades about 19% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −14% fair-value upside, at −11%, VEOEF screens cheaper than that median.
Fair Value models
All 23 models by family
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Set up alert →Quality Score breakdown
Of which business quality 47 · Market factors (momentum, volatility) 57
Revenue & earnings trend
Growth Forecast
VEOEF screens overvalued: fair value 11% below the price. Compare with Waste Management, Inc →
Earlier news
- Veolia Employee Shareholding: Record Participation That Strengthens Employees' Position as the Leading Shareholder
- Veolia Environnement: Information Relating to the Total Number of Voting Rights Forming the Share Capital
- Greener Game, Bigger Impact: Veolia Brings Sustainability Leadership to Pickleball Tournaments in North Carolina and Arizona with Profession
- Veolia Successfully Issues 1.15 Bn EUR on the Bond Market
Compare Veolia Environnement SA with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Waste Management · 157 stocks
Valuation Multiplesvs Waste Management median · lower = cheaper
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Waste Management stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Waste Management, Inc WM | $203.92 | $224.31 | +10% |
| Republic Services, Inc RSG | $211.92 | $128.63 | −39% |
| Waste Connections, Inc WCN | $150.66 | $165.73 | +10% |
| Clean Harbors, Inc CLH | $313.04 | $155.54 | −50% |
| GFL Environmental Inc GFL | $40.43 | $34.29 | −15% |
| Umicore SA UMI | €21.40 | €25.28 | +18% |
| Fomento de Construcciones y Contratas, S.A FCC | €10.72 | €7.30 | −32% |
| Casella Waste Systems, Inc CWST | $82.24 | $14.82 | −82% |
| GEM Co 002340 | ¥6.12 | ¥5.27 | −14% |
| Zhejiang Weiming Environment Protection Co 603568 | ¥13.36 | ¥20.95 | +57% |
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Key figures of Veolia Environnement SA
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