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Waste Connections (FRA:UI51) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Waste Connections Forward PE Ratio Related Terms
Waste Connections Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Waste Connections's Forward PE Ratio 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 Forward PE Ratio Chart
Waste Connections Annual Data
Trend
2015-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
26.74
23.64
27.86
27.62
22.78
22.62
31.70
31.58
Waste Connections Quarterly Data
2015-12
2016-03
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
26.74
27.55
23.09
23.64
19.05
28.90
24.94
27.86
27.62
31.85
29.33
27.62
27.86
25.06
23.42
22.78
23.70
24.69
20.70
22.62
26.32
26.39
24.15
31.70
35.23
35.03
29.36
31.58
29.12
FRA:UI51 vs RSG, CLH, GFL: Forward PE Ratio Comparison
For the Waste Management subindustry, Waste Connections's Forward PE Ratio, along with its competitors' market caps and Forward 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 Forward PE Ratio vs Waste Management Industry
For the Waste Management industry and Industrials sector, Waste Connections's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Waste Connections's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Waste Connections (FRA:UI51) has a Forward PE Ratio of 31.64 as of Jul. 18, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Waste Connections and its competitors. According to the industry distribution chart, Waste Connections ranks #76 out of 92 companies in the Waste Management industry, placing it in the top 82.6%.
Is Waste Connections' Forward PE Ratio too high?
Waste Connections' current Forward PE Ratio is 31.64. The Waste Management industry median Forward PE Ratio is 15.18. Waste Connections' value of 31.64 is 108.5% above this industry median. Based on the distribution chart, Waste Connections ranks #76 out of 92 companies in the Waste Management industry, which is in the bottom quartile relative to peers. 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' Forward PE Ratio compare to RSG and CLH?
According to the Waste Management industry distribution chart, Waste Connections ranks #76 out of 92 companies for Forward PE Ratio. This places Waste Connections in the lower half of its industry. The industry median Forward PE Ratio is 15.18. Waste Connections' value of 31.64 is 108.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Waste Management company?
The median Forward PE Ratio among Waste Management companies is 15.18, based on 92 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waste Connections's current Forward PE Ratio of 31.64 is 108.5% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Waste Connections and its competitors. For the Waste Management industry, the median Forward PE Ratio is 15.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waste Connections's current Forward PE Ratio is 31.64. 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 €173.38, compared to a current price of €151.28 — trading 12.7% below its estimated fair value. The current Forward PE Ratio is 31.64 and 108.5% above the Waste Management industry median of 15.18. 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 Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Waste Connections (FRA:UI51), the current Forward PE Ratio is 31.64 as of Jul. 18, 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 €151.28 is trading 12.7% below its estimated GF Value™ of €173.38.
GuruFocus considers Waste Connections to be Modestly Undervalued.
Key valuation signals for FRA:UI51:
Forward PE Ratio: 31.64
GF Value™: €173.38 vs. price of €151.28 (12.7% below fair value)
Industry Position: 108.5% above the Waste Management median (#76 of 92)
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 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
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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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