Stock Analysis on Net

Waste Management Inc. (NYSE:WM)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 15, 2022.

Price to Sales (P/S)
since 2005

Microsoft Excel

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Calculation

Waste Management Inc., P/S, long-term trends, calculation

Microsoft Excel

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
The share price exhibited moderate fluctuations between 2006 and 2012, oscillating within the range of approximately $28 to $38. From 2013 onward, a consistent upward trend is observed, with the price increasing substantially from $37.14 in 2013 to a peak of $142.68 in 2022, marking significant growth over the period. Notable peaks occurred around 2020 and 2022, despite a minor decline observed in 2021.
Sales Per Share
Sales per share showed a gradual upward trend throughout the analyzed years. Starting at $23.92 in 2006, the metric increased steadily with some minor fluctuations, reaching $43.25 in 2022. The most consistent increments occurred post-2010, with relatively stable growth except for a slight dip between 2019 and 2021, before rebounding in 2022.
Price-to-Sales (P/S) Ratio
The P/S ratio remained fairly stable around 1.3 to 1.4 in the early years, with a noticeable dip to a low of 1.05 in 2009, likely reflecting market or company-specific pressures at that time. Thereafter, the ratio has risen steadily, particularly from 2013 onward, reaching as high as 3.41 in 2020. While there was a minor decline in 2021, the ratio increased again in 2022 to 3.3, indicating that the share price growth has outpaced the increase in sales per share over the recent years.
Overall Trends and Insights
The data indicates a general growth trajectory in share price and sales per share, underscoring expanding company value and operational performance. The upward trend in the P/S ratio suggests improving market sentiment or valuation multiples assigned to the company over time. The dip in sales per share around 2010 and a transient decline in P/S ratio in 2009 could reflect external economic challenges or internal performance issues during those periods. In recent years, the accelerating increase in share price relative to sales per share points to heightened investor confidence and possibly anticipations of enhanced future profitability.

Comparison to Industry (Industrials)