Stock Analysis on Net
Stock Analysis on Net

Waste Management Inc. (NYSE:WM)

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

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

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Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).

Historical Valuation Ratios (Summary)

Waste Management Inc., historical price multiples (quarterly data)

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Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Price to earnings (P/E) 32.57 38.12 38.68 36.64 31.27 31.08 28.70 24.26 31.59 27.42 28.17 23.89 21.76 15.75 17.24 17.38 18.70 — — —
Price to operating profit (P/OP) 19.95 22.97 22.30 22.71 19.22 19.21 18.57 15.37 19.50 17.07 17.79 16.00 15.02 13.27 13.80 13.25 13.82 — — —
Price to sales (P/S) 3.30 3.85 3.75 3.65 3.07 3.12 3.06 2.64 3.41 3.11 3.24 2.97 2.81 2.46 2.58 2.44 2.52 — — —
Price to book value (P/BV) 8.30 9.29 8.42 7.68 6.28 6.54 6.71 6.06 7.46 7.09 7.66 6.99 6.68 5.80 6.22 5.89 6.05 6.69 5.99 5.79

Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Waste Management Inc. P/E ratio decreased from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Waste Management Inc. P/OP ratio increased from Q2 2021 to Q3 2021 but then decreased significantly from Q3 2021 to Q4 2021.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Waste Management Inc. P/S ratio increased from Q2 2021 to Q3 2021 but then decreased significantly from Q3 2021 to Q4 2021.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Waste Management Inc. P/BV ratio increased from Q2 2021 to Q3 2021 but then decreased significantly from Q3 2021 to Q4 2021.

Price to Earnings (P/E)

Waste Management Inc., historical P/E calculation (quarterly data)

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Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
No. shares of common stock outstanding1 414,586,718 418,316,357 421,098,975 422,127,260 423,152,948 422,606,194 422,461,187 422,025,023 424,708,758 424,241,200 424,232,181 424,759,439 423,779,540 426,347,027 428,716,960 431,283,814 433,673,878 434,216,159 440,035,810 441,940,757
Selected Financial Data (US$)
Net income attributable to Waste Management, Inc. (in millions) 506 538 351 421 438 390 307 361 447 495 381 347 531 499 499 396 903 386 362 298
Earnings per share (EPS)2 4.38 4.18 3.80 3.69 3.54 3.56 3.81 3.99 3.93 4.13 4.14 4.42 4.54 5.39 5.09 4.75 4.49 0.00 0.00 0.00
Share price1, 3 142.68 159.28 146.96 135.06 110.56 110.67 109.38 96.80 124.23 113.37 116.72 105.52 98.84 84.84 87.84 82.50 84.02 81.31 74.66 72.30
Valuation Ratio
P/E ratio4 32.57 38.12 38.68 36.64 31.27 31.08 28.70 24.26 31.59 27.42 28.17 23.89 21.76 15.75 17.24 17.38 18.70 — — —

Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Data adjusted for splits and stock dividends.

2 Q4 2021 Calculation
EPS = (Net income attributable to Waste Management, Inc.Q4 2021 + Net income attributable to Waste Management, Inc.Q3 2021 + Net income attributable to Waste Management, Inc.Q2 2021 + Net income attributable to Waste Management, Inc.Q1 2021) ÷ No. shares of common stock outstanding
= (506,000,000 + 538,000,000 + 351,000,000 + 421,000,000) ÷ 414,586,718 = 4.38

3 Closing price as at the filing date of Waste Management Inc. Quarterly or Annual Report.

4 Q4 2021 Calculation
P/E ratio = Share price ÷ EPS
= 142.68 ÷ 4.38 = 32.57

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Waste Management Inc. P/E ratio decreased from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021.

Price to Operating Profit (P/OP)

Waste Management Inc., historical P/OP calculation (quarterly data)

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Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
No. shares of common stock outstanding1 414,586,718 418,316,357 421,098,975 422,127,260 423,152,948 422,606,194 422,461,187 422,025,023 424,708,758 424,241,200 424,232,181 424,759,439 423,779,540 426,347,027 428,716,960 431,283,814 433,673,878 434,216,159 440,035,810 441,940,757
Selected Financial Data (US$)
Income from operations (in millions) 718 806 791 650 654 680 527 573 655 734 696 621 767 699 715 608 704 701 673 558
Operating profit per share2 7.15 6.93 6.59 5.95 5.75 5.76 5.89 6.30 6.37 6.64 6.56 6.60 6.58 6.39 6.36 6.23 6.08 0.00 0.00 0.00
Share price1, 3 142.68 159.28 146.96 135.06 110.56 110.67 109.38 96.80 124.23 113.37 116.72 105.52 98.84 84.84 87.84 82.50 84.02 81.31 74.66 72.30
Valuation Ratio
P/OP ratio4 19.95 22.97 22.30 22.71 19.22 19.21 18.57 15.37 19.50 17.07 17.79 16.00 15.02 13.27 13.80 13.25 13.82 — — —

Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Data adjusted for splits and stock dividends.

2 Q4 2021 Calculation
Operating profit per share = (Income from operationsQ4 2021 + Income from operationsQ3 2021 + Income from operationsQ2 2021 + Income from operationsQ1 2021) ÷ No. shares of common stock outstanding
= (718,000,000 + 806,000,000 + 791,000,000 + 650,000,000) ÷ 414,586,718 = 7.15

3 Closing price as at the filing date of Waste Management Inc. Quarterly or Annual Report.

4 Q4 2021 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 142.68 ÷ 7.15 = 19.95

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Waste Management Inc. P/OP ratio increased from Q2 2021 to Q3 2021 but then decreased significantly from Q3 2021 to Q4 2021.

Price to Sales (P/S)

Waste Management Inc., historical P/S calculation (quarterly data)

Microsoft Excel
Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
No. shares of common stock outstanding1 414,586,718 418,316,357 421,098,975 422,127,260 423,152,948 422,606,194 422,461,187 422,025,023 424,708,758 424,241,200 424,232,181 424,759,439 423,779,540 426,347,027 428,716,960 431,283,814 433,673,878 434,216,159 440,035,810 441,940,757
Selected Financial Data (US$)
Operating revenues (in millions) 4,678 4,665 4,476 4,112 4,067 3,861 3,561 3,729 3,846 3,967 3,946 3,696 3,842 3,822 3,739 3,511 3,652 3,716 3,677 3,440
Sales per share2 43.25 41.40 39.22 36.96 35.96 35.49 35.75 36.70 36.39 36.42 36.08 35.55 35.19 34.54 34.10 33.75 33.40 0.00 0.00 0.00
Share price1, 3 142.68 159.28 146.96 135.06 110.56 110.67 109.38 96.80 124.23 113.37 116.72 105.52 98.84 84.84 87.84 82.50 84.02 81.31 74.66 72.30
Valuation Ratio
P/S ratio4 3.30 3.85 3.75 3.65 3.07 3.12 3.06 2.64 3.41 3.11 3.24 2.97 2.81 2.46 2.58 2.44 2.52 — — —

Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Data adjusted for splits and stock dividends.

2 Q4 2021 Calculation
Sales per share = (Operating revenuesQ4 2021 + Operating revenuesQ3 2021 + Operating revenuesQ2 2021 + Operating revenuesQ1 2021) ÷ No. shares of common stock outstanding
= (4,678,000,000 + 4,665,000,000 + 4,476,000,000 + 4,112,000,000) ÷ 414,586,718 = 43.25

3 Closing price as at the filing date of Waste Management Inc. Quarterly or Annual Report.

4 Q4 2021 Calculation
P/S ratio = Share price ÷ Sales per share
= 142.68 ÷ 43.25 = 3.30

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Waste Management Inc. P/S ratio increased from Q2 2021 to Q3 2021 but then decreased significantly from Q3 2021 to Q4 2021.

Price to Book Value (P/BV)

Waste Management Inc., historical P/BV calculation (quarterly data)

Microsoft Excel
Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
No. shares of common stock outstanding1 414,586,718 418,316,357 421,098,975 422,127,260 423,152,948 422,606,194 422,461,187 422,025,023 424,708,758 424,241,200 424,232,181 424,759,439 423,779,540 426,347,027 428,716,960 431,283,814 433,673,878 434,216,159 440,035,810 441,940,757
Selected Financial Data (US$)
Total Waste Management, Inc. stockholders’ equity (in millions) 7,124 7,172 7,352 7,427 7,452 7,155 6,891 6,743 7,068 6,785 6,466 6,415 6,275 6,239 6,054 6,044 6,019 5,278 5,486 5,517
Book value per share (BVPS)2 17.18 17.14 17.46 17.59 17.61 16.93 16.31 15.98 16.64 15.99 15.24 15.10 14.81 14.63 14.12 14.01 13.88 12.16 12.47 12.48
Share price1, 3 142.68 159.28 146.96 135.06 110.56 110.67 109.38 96.80 124.23 113.37 116.72 105.52 98.84 84.84 87.84 82.50 84.02 81.31 74.66 72.30
Valuation Ratio
P/BV ratio4 8.30 9.29 8.42 7.68 6.28 6.54 6.71 6.06 7.46 7.09 7.66 6.99 6.68 5.80 6.22 5.89 6.05 6.69 5.99 5.79

Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Data adjusted for splits and stock dividends.

2 Q4 2021 Calculation
BVPS = Total Waste Management, Inc. stockholders’ equity ÷ No. shares of common stock outstanding
= 7,124,000,000 ÷ 414,586,718 = 17.18

3 Closing price as at the filing date of Waste Management Inc. Quarterly or Annual Report.

4 Q4 2021 Calculation
P/BV ratio = Share price ÷ BVPS
= 142.68 ÷ 17.18 = 8.30

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Waste Management Inc. P/BV ratio increased from Q2 2021 to Q3 2021 but then decreased significantly from Q3 2021 to Q4 2021.