Is Waste Management, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Waste Management, 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 55, an EV to EBITDA of 25.76, and a PEG ratio of 5.69, which suggest that while the company is not undervalued, it is also not excessively priced compared to its recent history.
In comparison to peers, Waste Management, Inc. has a higher P/E ratio than Republic Services, Inc., which stands at 33.32, indicating that Waste Management may be priced at a premium. Additionally, the EV to EBITDA ratio for Waste Management is higher than the industry average, suggesting a similar trend. Over the past year, Waste Management has returned 1.13%, significantly trailing the S&P 500's return of 14.08%, reflecting a weaker performance relative to the broader market.