Waste ManagementWM +1.10%87 EV-to-FCF is 34.44 as of Jun. 27, 2026, which is 6% above its 10-year median of 32.49. GuruFocus rates WM with a GF Score™ of 87/100 and a GF Value™ of $245.26 (Fairly Valued). The stock has 4 warning signs investors should review. Among 139 Waste Management companies, Waste Management ranks worse than 67.63% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Waste Management's Enterprise Value is $113,301 Mil.
Waste Management's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $3,290 Mil. Therefore, Waste Management's EV-to-FCF for today is 34.44.
The historical rank and industry rank for Waste Management's EV-to-FCF or its related term are showing as below:
WM'
s EV-to-FCF Range Over the Past 10 Years
Min: 24.12 Med: 32.49 Max: 65.84
Current: 34.44
During the past 13 years, the highest EV-to-FCF of Waste Management was 65.84. The lowest was 24.12. And the median was 32.49.
WM's EV-to-FCF is ranked worse than 67.63% of 139
companies
in the Waste Management industry
Industry Median: 19.73
vs WM: 34.44
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Waste Management's PE Ratio (TTM) for today is calculated as:
Waste Management's share price for today is $225.53.
Waste Management's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.910.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Waste Management EV-to-FCF Related Terms
Waste Management EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Waste Management's EV-to-FCF 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.
For the Waste Management subindustry, Waste Management's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 Management EV-to-FCF vs Waste Management Industry
For the Waste Management industry and Industrials sector, Waste Management's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Waste Management's EV-to-FCF falls into.
Waste Management's current Enterprise Value is $113,301 Mil.
Waste Management's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,290 Mil.
* 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 Management (WM) has a EV-to-FCF of 34.44 as of Jun. 27, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Waste Management and its competitors. This is near median its historical median of 32.49. Over the past decade, Waste Management's EV-to-FCF has ranged from 24.12 to 65.84. According to the industry distribution chart, Waste Management ranks #94 out of 139 companies in the Waste Management industry, placing it in the top 67.6%.
Is Waste Management's EV-to-FCF too high?
Waste Management's current EV-to-FCF of 34.44 is near median its 10-year median of 32.49. Over the past 10 years, this metric has ranged from a low of 24.12 to a high of 65.84. The Waste Management industry median EV-to-FCF is 19.73. Waste Management's value of 34.44 is 74.6% above this industry median. Based on the distribution chart, Waste Management ranks #94 out of 139 companies in the Waste Management industry, which is below the industry midpoint. Overall, Waste Management has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Waste Management's EV-to-FCF compare to RSG and WCN?
According to the Waste Management industry distribution chart, Waste Management ranks #94 out of 139 companies for EV-to-FCF. This places Waste Management in the lower half of its industry. The industry median EV-to-FCF is 19.73. Waste Management's value of 34.44 is 74.6% above this benchmark. Historically, Waste Management's own EV-to-FCF has ranged from 24.12 to 65.84 over the past decade. While the company's 10-year median is 32.49 vs. the industry median of 19.73, Waste Management has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Waste Management company?
The median EV-to-FCF among Waste Management companies is 19.73, based on 139 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waste Management's current EV-to-FCF of 34.44 is 74.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Waste Management and its competitors. For the Waste Management industry, the median EV-to-FCF is 19.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waste Management's current EV-to-FCF is 34.44, which is near median its own 10-year median of 32.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waste Management stock overvalued right now?
Based on GuruFocus' analysis, Waste Management (WM) is currently considered Fairly Valued. The stock's GF Value™ is $245.26, compared to a current price of $225.53 — trading 8% below its estimated fair value. The current EV-to-FCF is 34.44, which is near median its 10-year median of 32.49 and 74.6% above the Waste Management industry median of 19.73. Waste Management's overall GF Score™ is 87/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Waste Management (WM), the current EV-to-FCF is 34.44 as of Jun. 27, 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 Management (WM) Overvalued in 2026?
Based on GuruFocus' analysis, Waste Management stock appears to be undervalued.
The current stock price of $225.53 is trading 8% below its estimated GF Value™ of $245.26.
GuruFocus considers Waste Management to be Fairly Valued.
Key valuation signals for WM:
EV-to-FCF: 34.44 (near median its 10-year median of 32.49)
GF Value™: $245.26 vs. price of $225.53 (8% below fair value)
Industry Position: 74.6% above the Waste Management median (#94 of 139)
No single metric tells the full story. See the WM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WM, previously known as Waste Management, ranks as the largest integrated provider of traditional solid waste services in the United States, operating 257 active landfill sites and about 342 transfer stations that help with transporting waste efficiently and economically. The company serves residential, commercial, industrial, and medical end markets for waste collection, transfer, and disposal. The company also has an energy business emanating from the beneficial use of landfill gas and is a leading recycler in North America.
87GF Score
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