As at May 7, 2024, the WM stock has a PE ratio of 34.23. This is based on the current EPS of $6.15 and the stock price of $210.5 per share. An increase of 11% has been recorded in the P/E ratio compared to the average of 31.0 of the last 4 quarters.
The mean historical PE ratio of Waste Management over the last ten years is 34.98. The current 34.23 PE ratio is 2.1% below the historical average. In the past ten years, WM's PE ratio was at its highest in the Sep 2014 quarter at 198.04, with a price of $47.53 and an EPS of $0.24. The Jun 2018 quarter recorded the bottom point at 16.2, with a price of $81.34 and an EPS of $5.02.
Maximum annual increase: 75.4% in 2015
Maximum annual decrease: -91.42% in 2014
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 31.48 | 8.78% |
| 2022 | 28.94 | -25.08% |
| 2021 | 38.63 | 15.97% |
| 2020 | 33.31 | 14.86% |
| 2019 | 29 | 46.32% |
| 2018 | 19.82 | 1.95% |
| 2017 | 19.44 | -27.08% |
| 2016 | 26.66 | -17.08% |
| 2015 | 32.15 | 75.4% |
| 2014 | 18.33 | -91.42% |
WM's current P/E ratio is above the 3 and 5-year historical averages, but it is lower than the 10-year average.
Compared to its peers CWST and PESI, WM's PE ratio stands lower, however it is higher than RSG's and CLH's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CLH Clean Harbors Inc | 30.75 | $11.51B |
| RSG Republic Services Inc | 33.08 | $59.38B |
| WM Waste Management Inc | 34.23 | $84.43B |
| PESI Perma Fix Environmental Services Inc | 302.75 | $165.56M |
| CWST Casella Waste Systems Inc | 317.83 | $5.54B |
| SRCL Stericycle Inc | N/A | $4.39B |
WM's price to earnings ratio is 34.23 as of May 7, 2024.
The 3-year average PE ratio for WM stock is 32.34.
The 5-year average PE ratio for WM stock is 31.21.
In the last ten years, the Sep 2014 quarter recorded the highest quarterly PE ratio at 198.04.
WM's current price to earnings ratio is 2.1% below its 10-year historical average.
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (May 7, 2024), Waste Management's stock price is $210.5. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $6.15. Therefore, Waste Management's P/E ratio for today is 34.23. PE RATIO(34.23) = STOCK PRICE($210.5) / TTM EPS($6.15)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.