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WCN (Waste Connections) E10 : $2.17 (As of Mar. 2025)


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What is Waste Connections E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Waste Connections's adjusted earnings per share data for the three months ended in Mar. 2025 was $0.930. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.17 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Waste Connections's average E10 Growth Rate was 6.40% per year. During the past 3 years, the average E10 Growth Rate was 13.00% per year. During the past 5 years, the average E10 Growth Rate was 12.30% per year. During the past 10 years, the average E10 Growth Rate was 11.60% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Waste Connections was 17.30% per year. The lowest was 1.80% per year. And the median was 11.50% per year.

As of today (2025-07-16), Waste Connections's current stock price is $182.84. Waste Connections's E10 for the quarter that ended in Mar. 2025 was $2.17. Waste Connections's Shiller PE Ratio of today is 84.26.

During the past 13 years, the highest Shiller PE Ratio of Waste Connections was 98.94. The lowest was 36.37. And the median was 78.34.


Waste Connections E10 Historical Data

The historical data trend for Waste Connections's E10 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.

* Premium members only.

Waste Connections E10 Chart

Waste Connections Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.25 1.44 1.75 1.97 2.08

Waste Connections Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
E10 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 2.04 2.13 2.20 2.08 2.17

Competitive Comparison of Waste Connections's E10

For the Waste Management subindustry, Waste Connections's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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's Shiller PE Ratio Distribution in the Waste Management Industry

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

* The bar in red indicates where Waste Connections's Shiller PE Ratio falls into.


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Waste Connections E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.93/129.1809*129.1809
=0.930

Current CPI (Mar. 2025) = 129.1809.

Waste Connections Quarterly Data

per share eps CPI Adj_EPS
201506 0.307 100.500 0.395
201509 -1.387 100.421 -1.784
201512 0.280 99.947 0.362
201603 0.240 101.054 0.307
201606 0.130 102.002 0.165
201609 0.340 101.765 0.432
201612 0.327 101.449 0.416
201703 0.060 102.634 0.076
201706 0.470 103.029 0.589
201709 0.470 103.345 0.588
201712 1.190 103.345 1.488
201803 0.470 105.004 0.578
201806 0.520 105.557 0.636
201809 0.570 105.636 0.697
201812 0.500 105.399 0.613
201903 0.480 106.979 0.580
201906 0.560 107.690 0.672
201909 0.600 107.611 0.720
201912 0.500 107.769 0.599
202003 0.540 107.927 0.646
202006 -0.860 108.401 -1.025
202009 0.600 108.164 0.717
202012 0.500 108.559 0.595
202103 0.610 110.298 0.714
202106 0.680 111.720 0.786
202109 0.440 112.905 0.503
202112 0.640 113.774 0.727
202203 0.690 117.646 0.758
202206 0.870 120.806 0.930
202209 0.920 120.648 0.985
202212 0.750 120.964 0.801
202303 0.770 122.702 0.811
202306 0.810 124.203 0.842
202309 0.890 125.230 0.918
202312 0.490 125.072 0.506
202403 0.890 126.258 0.911
202406 1.070 127.522 1.084
202409 1.190 127.285 1.208
202412 -0.760 127.364 -0.771
202503 0.930 129.181 0.930

Add all the adjusted EPS together and divide 10 will get our e10.


Waste Connections  (NYSE:WCN) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Waste Connections's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=182.84/2.17
=84.26

* 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 Shiller P/E Ratio of Waste Connections was 98.94. The lowest was 36.37. And the median was 78.34.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Waste Connections E10 Related Terms

Thank you for viewing the detailed overview of Waste Connections's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Waste Connections Business Description

Traded in Other Exchanges
Address
6220 Highway 7, Suite 600, Woodbridge, Vaughan, ON, CAN, L4H 4G3
Waste Connections is the third-largest integrated provider of traditional solid waste and recycling services in the North America, operating 113 active landfills (20 are exploration and production waste landfills and 16 are nonmunicipal waste landfills), 163 transfer stations, and 89 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2024, 14% of consolidated revenue was generated from the firm's Canadian segment.
Executives
Iii Robert Nielsen officer: SR VP Operations 3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Darrell W Chambliss officer: EVP & COO 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
James Little officer: Sr. Vice President Engineering 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Domenic Pio officer: SR VP Operations 1001 FANNIN ST, STE 4000, HOUSTON TX 77002
Andrea E. Bertone director C/O CORP. SECRETARY, PEABODY ENERGY CORP, 701 MARKET STREET, ST. LOUIS MO 63101
Robert Michael Cloninger officer: SR VP, Deputy General Counsel 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Philip Rivard officer: SR VP Business Development 3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Edward E Guillet director C/O WASTE CONNECTIONS, INC, 610 APPLEWOOD CRESCENT, SUITE 200, VAUGHAN A6 L4K 0C3
Susan Netherton officer: VP People, Training & Devlpmnt 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Mary Anne Whitney officer: Sr Vice President - Finance 3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Michael W Harlan director C/O WASTE CONNECTIONS, INC., 610 APPLEWOOD CRESCENT, SUITE 200, VAUGHAN A6 L4K 0C3
Patrick James Shea officer: Sr. VP, General Counsel & Sec 3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS TX 77380
Matthew Stephen Black officer: Sr. Vice President - Tax 3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
Eric Hansen officer: Senior Vice President and CIO 3 WATERWAY SQUARE PLACE, SUITE #110, THE WOODLANDS TX 77380
William J Razzouk director C/O WASTE CONNECTIONS, INC, 610 APPLEWOOD CRESCENT, SUITE 200, VAUGHAN A6 L4K 0C3