Waste Connections (FRA:UI51) Cyclically Adjusted Revenue per Share: €24.68 (As of Mar. 2026)


FRA:UI51 Waste Connections Inc FRA:UI51
82 GF Score
Price €148.20
GF Value €171.54
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Waste Connections Cyclically Adjusted Revenue per Share?

Waste Connections FRA:UI51 +0.18% 82 Cyclically Adjusted Revenue per Share is €24.68 as of Mar. 2026. GuruFocus rates FRA:UI51 with a GF Score™ of 82/100 and a GF Value™ of €171.54 (Modestly Undervalued). The stock has 1 warning sign investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Waste Connections's adjusted revenue per share for the three months ended in Mar. 2026 was €8.014. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €24.68 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Waste Connections's average Cyclically Adjusted Revenue Growth Rate was 11.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 11.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 12.90% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 12.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Waste Connections was 14.00% per year. The lowest was 10.20% per year. And the median was 11.75% per year.

As of today (2026-07-12), Waste Connections's current stock price is €148.20. Waste Connections's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €24.68. Waste Connections's Cyclically Adjusted PS Ratio of today is 6.00.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Waste Connections was 8.27. The lowest was 5.05. And the median was 6.79.


Waste Connections  (FRA:UI51) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Waste Connections's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=148.20/24.68
=6.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Waste Connections was 8.27. The lowest was 5.05. And the median was 6.79.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Waste Connections Cyclically Adjusted Revenue per Share Related Terms


Waste Connections Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Waste Connections's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Waste Connections Cyclically Adjusted Revenue per Share Chart

Waste Connections Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.06 18.74 20.00 23.65 23.73

Waste Connections Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.52 22.71 23.16 23.73 24.68

FRA:UI51 vs RSG, CLH, GFL: Cyclically Adjusted Revenue per Share Comparison

For the Waste Management subindustry, Waste Connections's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Waste Connections Cyclically Adjusted PS Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, Waste Connections's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Waste Connections's Cyclically Adjusted PS Ratio falls into.


FRA:UI51
82GF Score
Waste Connections Inc FRA:UI51
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Waste Connections Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Waste Connections's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=8.014/132.2623*132.2623
=8.014

Current CPI (Mar. 2026) = 132.2623.

Waste Connections Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.071 102.002 3.982
201609 3.666 101.765 4.765
201612 3.764 101.449 4.907
201703 3.866 102.634 4.982
201706 3.961 103.029 5.085
201709 3.830 103.345 4.902
201712 3.692 103.345 4.725
201803 3.495 105.004 4.402
201806 4.015 105.557 5.031
201809 4.153 105.636 5.200
201812 4.194 105.399 5.263
201903 4.167 106.979 5.152
201906 4.583 107.690 5.629
201909 4.847 107.611 5.957
201912 4.631 107.769 5.683
202003 4.630 107.927 5.674
202006 4.409 108.401 5.379
202009 4.477 108.164 5.474
202012 4.360 108.559 5.312
202103 4.456 110.298 5.343
202106 4.870 111.720 5.765
202109 5.199 112.905 6.090
202112 5.502 113.774 6.396
202203 5.759 117.646 6.475
202206 6.667 120.806 7.299
202209 7.362 120.648 8.071
202212 6.840 120.964 7.479
202303 6.880 122.702 7.416
202306 7.227 124.203 7.696
202309 7.492 125.230 7.913
202312 7.228 125.072 7.644
202403 7.377 126.258 7.728
202406 8.077 127.522 8.377
202409 8.143 127.285 8.461
202412 8.339 127.364 8.660
202503 7.961 129.181 8.151
202506 8.058 129.892 8.205
202509 8.132 130.287 8.255
202512 7.903 130.366 8.018
202603 8.014 132.262 8.014

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of €24.68 mean?
Waste Connections (FRA:UI51) has a Cyclically Adjusted Revenue per Share of €24.68 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Waste Connections and its competitors.
Is Waste Connections' Cyclically Adjusted Revenue per Share too high?
Waste Connections' current Cyclically Adjusted Revenue per Share is €24.68. Overall, Waste Connections has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Waste Connections' Cyclically Adjusted Revenue per Share compare to RSG and CLH?
Waste Connections' Cyclically Adjusted Revenue per Share of €24.68 can be compared against companies in the Waste Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Waste Management company?
A good Cyclically Adjusted Revenue per Share depends on the Waste Management industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Waste Connections and its competitors. Waste Connections's current Cyclically Adjusted Revenue per Share is €24.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waste Connections stock overvalued right now?
Based on GuruFocus' analysis, Waste Connections (FRA:UI51) is currently considered Modestly Undervalued. The stock's GF Value™ is €171.54, compared to a current price of €148.20 — trading 13.6% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €24.68. Waste Connections' overall GF Score™ is 82/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Waste Connections (FRA:UI51), the current Cyclically Adjusted Revenue per Share is €24.68 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Waste Connections (FRA:UI51) Overvalued in 2026?

Based on GuruFocus' analysis, Waste Connections stock appears to be undervalued. The current stock price of €148.20 is trading 13.6% below its estimated GF Value™ of €171.54. GuruFocus considers Waste Connections to be Modestly Undervalued.

Key valuation signals for FRA:UI51:

  • Cyclically Adjusted Revenue per Share: €24.68
  • GF Value™: €171.54 vs. price of €148.20 (13.6% below fair value)
  • GF Score™: 82/100 with 1 warning sign

No single metric tells the full story. See the FRA:UI51 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Waste Connections Business Description

Address 6220 Highway 7, Suite 600, Woodbridge, Vaughan, ON, CAN, L4H 4G3
Waste Connections is a North American waste management company focused on integrated waste collection services. The firm primarily focuses on residential, commercial, municipal, and industrial waste collection, with a secondary market focus on rural areas. With 113 landfills and 222 transfer stations as of 2024, it is the third-largest waste management company by revenue. Revenue is split among six operating segments: Western, Southern, Eastern, Central, Canada, and Midsouth.
82GF Score

Get the complete analysis for FRA:UI51

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€148.20
Price
€171.54
GF Value