Question 1

What is Waste Management's P/E ratio?

Accepted Answer

Waste Management (WM) P/E ratio is 31.9× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Waste Management?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Waste Management specifically, the relevant sector benchmark is the current sector median of 27.8×.

Question 5

Is Waste Management's P/E ratio high or low?

Accepted Answer

Waste Management's P/E ratio of 31.9× is below its own 5-year average of 32.5× and above the sector median of 27.8×. That places the current reading at the 31th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Waste Management's historical P/E ratio range?

Accepted Answer

In the available daily series, Waste Management (WM) P/E ratio has ranged from a low of 12.6× in 2009 to a high of 213.0× in 2013. The 5-year average is 32.5× and the 5-year median is 32.9×.

Question 7

What was Waste Management's P/E ratio in 2025?

Accepted Answer

Waste Management (WM) P/E ratio at the end of 2025 was 32.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Waste Management's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$88.57B	$2.71B	32.7×	+3.2×	Dec 31, 2025
2024	$81.04B	$2.75B	29.5×	-1.7×	Dec 31, 2024
2023	$72.00B	$2.30B	31.2×	+2.6×	Dec 31, 2023
2022	$64.20B	$2.24B	28.7×	-9.7×	Dec 31, 2022
2021	$69.75B	$1.82B	38.4×	+5.1×	Dec 31, 2021
2020	$49.87B	$1.50B	33.3×	+4.4×	Dec 31, 2020
2019	$48.38B	$1.67B	29.0×	+9.3×	Dec 31, 2019
2018	$37.85B	$1.93B	19.7×	+0.4×	Dec 31, 2018
2017	$37.49B	$1.95B	19.2×	-7.2×	Dec 31, 2017
2016	$31.28B	$1.18B	26.5×	-5.2×	Dec 31, 2016
2015	$23.87B	$753.00M	31.7×	+13.6×	Dec 31, 2015
2014	$23.53B	$1.30B	18.1×	-194.9×	Dec 31, 2014
2013	$20.87B	$98.00M	213.0×	+193.8×	Dec 31, 2013
2012	$15.71B	$817.00M	19.2×	+3.5×	Dec 31, 2012
2011	$15.12B	$961.00M	15.7×	-2.7×	Dec 31, 2011
2010	$17.54B	$953.00M	18.4×	+1.9×	Dec 31, 2010
2009	$16.42B	$994.00M	16.5×	+1.5×	Dec 31, 2009
2008	$16.30B	$1.09B	15.0×	+0.9×	Dec 31, 2008
2007	$16.20B	$1.15B	14.1×	-2.7×	Dec 31, 2007
2006	$19.33B	$1.15B	16.8×	+2.8×	Dec 31, 2006
2005	$16.60B	$1.18B	14.0×	-4.2×	Dec 31, 2005
2004	$17.11B	$939.00M	18.2×	-9.2×	Dec 31, 2004
2003	$17.30B	$630.00M	27.5×	+10.6×	Dec 31, 2003
2002	$13.83B	$822.00M	16.8×	-23.0×	Dec 31, 2002
2001	$20.02B	$503.00M	39.8×	—	Dec 31, 2001


Lennox International (LII)	20.6×
Paychex (PAYX)	20.6×
Copart (CPRT)	20.4×
Otis Worldwide (OTIS)	20.2×
Union Pacific (UNP)	19.9×
Allegion (ALLE)	19.7×
Alamo Group (ALG)	19.6×
Carlisle Companies (CSL)	18.8×
Automatic Data Processing (ADP)	18.8×
Snap-on (SNA)	18.5×
Brady (BRC)	18.5×
Canadian National Railway (CNI)	18.4×
United Rentals (URI)	18.4×
Pool (POOL)	18.1×
McGrath RentCorp (MGRC)	17.5×
A. O. Smith (AOS)	17.4×
FedEx (FDX)	16.9×
Textron (TXT)	16.6×
United Parcel Service (UPS)	15.9×
ABM Industries (ABM)	15.2×
Gartner (IT)	14.9×
AGCO (AGCO)	10.9×
Delta Air Lines (DAL)	9.7×
United Airlines Holdings (UAL)	8.2×
Versant Media Group, Inc. Class A (VSNT)	6.3×

P/E Ratio for Waste Management (WM)

P/E Ratio daily chart for Waste Management (WM)

Historical P/E Ratio for Waste Management (WM) from 2001 to 2025

About P/E Ratio at Waste Management (WM)

Waste Management P/E Ratio by Year

Waste Management P/E Ratio 2025: 32.7×

Waste Management P/E Ratio 2024: 29.5×

Waste Management P/E Ratio 2023: 31.2×

Waste Management P/E Ratio 2022: 28.7×

Waste Management P/E Ratio 2021: 38.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Waste Management (WM) Key Financials

P/E Ratio daily chart for Waste Management (WM)

Historical P/E Ratio for Waste Management (WM) from 2001 to 2025

About P/E Ratio at Waste Management (WM)

Waste Management P/E Ratio by Year

Waste Management P/E Ratio 2025: 32.7×

Waste Management P/E Ratio 2024: 29.5×

Waste Management P/E Ratio 2023: 31.2×

Waste Management P/E Ratio 2022: 28.7×

Waste Management P/E Ratio 2021: 38.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Waste Management's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Waste Management?

+Is Waste Management's P/E ratio high or low?

+What is Waste Management's historical P/E ratio range?

+What was Waste Management's P/E ratio in 2025?

+Why does Waste Management's P/E ratio change over time?

Waste Management (WM) Key Financials