Is Casella Waste Systems, Inc. overvalued or undervalued?

As of 27 June 2025, the valuation grade for Casella Waste Systems, Inc. has moved from very expensive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a P/E ratio of 203, an EV to EBITDA of 22.63, and a Price to Book Value of 4.78. In comparison, Clean Harbors, Inc. has a P/E ratio of 32.01 and an EV to EBITDA of 13.19, indicating that Casella Waste Systems is trading at a premium relative to its peer.
Despite the high valuation ratios, the company's recent performance shows a year-to-date return of 8.98%, outperforming the S&P 500's return of 4.96% in the same period. This suggests that while the stock may be fairly valued, it has been able to deliver solid returns compared to broader market indices. Overall, Casella Waste Systems, Inc. appears to be fairly valued in the current market context.