Price to Book Value (P/BV)
since 2005
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Waste Management Inc. pages available for free this week:
- Statement of Comprehensive Income
- Cash Flow Statement
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Operating Profit Margin since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
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Calculation
Waste Management Inc., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Total Waste Management, Inc. stockholders’ equity1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 15, 2022 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 13, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 14, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 15, 2018 | = | ÷ | = | ÷ | |||||||
| Feb 16, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 18, 2016 | = | ÷ | = | ÷ | |||||||
| Feb 17, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 18, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 14, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 16, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 17, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 16, 2010 | = | ÷ | = | ÷ | |||||||
| Feb 17, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 19, 2008 | = | ÷ | = | ÷ | |||||||
| Feb 15, 2007 | = | ÷ | = | ÷ | |||||||
| Feb 21, 2006 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Waste Management Inc. Annual Report.
- Share Price Trends
- The share price exhibited a generally upward trend over the 17-year period analyzed, increasing from $33.90 in February 2006 to $142.68 in February 2022. Despite some fluctuations, including a decline to $28.63 in February 2009, which may correspond with broader market conditions, the overall increase was substantial. Notably, there were significant rises post-2013, culminating in a peak around 2020 at $124.23 before a slight dip in 2021, and a further rise in 2022.
- Book Value Per Share (BVPS) Trends
- Book value per share showed moderate growth, rising from $11.20 in February 2006 to a peak of $17.61 in February 2021. However, there was a slight decline to $17.18 by February 2022. The growth in book value per share was steady but modest compared to the share price increase, indicating underlying asset or equity growth but at a slower pace relative to market valuation.
- Price-to-Book Value Ratio (P/BV) Trends
- The P/BV ratio experienced significant growth, rising from a low of around 2.38 in February 2009 to a high of 8.30 in February 2022. This rising ratio suggests an increasing market premium being assigned to the company’s shares relative to its book value. Elevated P/BV ratios from 2014 onward indicate heightened investor optimism or expectations regarding future growth, profitability, or intangible assets not fully captured by book value. The ratio peaked in 2022, reflecting the highest relative market valuation over book value in the period analyzed.
- Overall Insights
- The data indicates a company experiencing strong market valuation growth, with share price appreciation outpacing growth in tangible equity value as reflected in BVPS. The widening gap between share price and book value, evident in the rising P/BV ratio, suggests increasing investor confidence or speculative interest. The moderate increase in book value per share reflects a stable asset base with measured growth. The decline in share price during 2009 may reflect economic downturn impacts, mirrored by the lowest P/BV ratio in that year. Following this, a sustained recovery and subsequent growth phase is visible. Recent years show a premium market valuation that might warrant caution regarding potential overvaluation depending on fundamentals.
Comparison to Industry (Industrials)
Waste Management Inc., P/BV, long-term trends, comparison to industry (industrials)
| Waste Management Inc. | Industrials | |
|---|---|---|
| Feb 15, 2022 | ||
| Feb 22, 2021 | ||
| Feb 13, 2020 | ||
| Feb 14, 2019 | ||
| Feb 15, 2018 | ||
| Feb 16, 2017 | ||
| Feb 18, 2016 | ||
| Feb 17, 2015 | ||
| Feb 18, 2014 | ||
| Feb 14, 2013 | ||
| Feb 16, 2012 | ||
| Feb 17, 2011 | ||
| Feb 16, 2010 | ||
| Feb 17, 2009 | ||
| Feb 19, 2008 | ||
| Feb 15, 2007 | ||
| Feb 21, 2006 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).