Waste ManagementMIC:WM-RM 87 Piotroski F-Score is 6 as of Jun. 26, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates MIC:WM-RM with a GF Score™ of 87/100. The stock has 4 warning signs investors should review. Among 240 Waste Management companies, Waste Management ranks better than 74.17% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Waste Management has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Waste Management's Piotroski F-Score or its related term are showing as below:
MIC:WM-RM'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 7 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Waste Management was 8. The lowest was 5. And the median was 7.
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Waste Management Piotroski F-Score Related Terms
Waste Management Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Waste Management's Piotroski F-Score 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.
MIC:WM-RM vs RSG, WCN, CLH: Piotroski F-Score Comparison
For the Waste Management subindustry, Waste Management's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score vs Waste Management Industry
For the Waste Management industry and Industrials sector, Waste Management's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Waste Management's Piotroski F-Score falls into.
* 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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 56430.243 + 50090.883 + 58986.181 + 58771.948 = ₽224,279.26 Mil. Cash Flow from Operations was 120089.154 + 132246.578 + 134984.549 + 122014.791 = ₽509,335.07 Mil. Revenue was 499788.519 + 535216.52 + 501859.516 + 506186.613 = ₽2,043,051.17 Mil. Gross Profit was 201392.232 + 216811.286 + 208280.046 + 205905.041 = ₽832,388.61 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(3675421.895 + 3553861.688 + 3788631.857 + 3643708.363 + 3714907.375) / 5 = ₽3675306.2356 Mil. Total Assets at the begining of this year (Mar25) was ₽3,675,421.90 Mil. Long-Term Debt & Capital Lease Obligation was ₽1,808,680.29 Mil. Total Current Assets was ₽390,837.52 Mil. Total Current Liabilities was ₽418,313.20 Mil.
Net Income was 61472.001 + 68875 + 64345.397 + 52628.776 = ₽247,321.17 Mil.
Revenue was 488340.809 + 508315.623 + 634092.681 + 497205.614 = ₽2,127,954.73 Mil. Gross Profit was 190834.403 + 200281.249 + 251786.335 + 198783.102 = ₽841,685.09 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2988971.641 + 3073509.656 + 3147406.238 + 4795453.677 + 3675421.895) / 5 = ₽3536152.6214 Mil. Total Assets at the begining of last year (Mar24) was ₽2,988,971.64 Mil. Long-Term Debt & Capital Lease Obligation was ₽1,890,587.58 Mil. Total Current Assets was ₽368,070.96 Mil. Total Current Liabilities was ₽441,767.77 Mil.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Waste Management's current Net Income (TTM) was 224,279.26.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Waste Management's current Cash Flow from Operations (TTM) was 509,335.07.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Waste Management's return on assets of this year was 0.06102136. Waste Management's return on assets of last year was 0.08274457.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Waste Management's gearing of this year was 0.49211689. Waste Management's gearing of last year was 0.53464536.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Waste Management's current ratio of this year was 0.93431792. Waste Management's current ratio of last year was 0.83317748.
==> This year's current ratio is higher. ==> Score 1.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Waste Management's number of shares in issue this year was 404.4. Waste Management's number of shares in issue last year was 403.9.
==> There is larger number of shares in issue this year. ==> Score 0.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Waste Management's gross margin of this year was 0.40742426. Waste Management's gross margin of last year was 0.39553712.
==> This year's gross margin is higher. ==> Score 1.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Waste Management's asset turnover of this year was 0.55586848. Waste Management's asset turnover of last year was 0.7119354.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Waste Management has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Waste Management (MIC:WM-RM) has a Piotroski F-Score of 6 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Waste Management and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Waste Management's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Waste Management ranks #62 out of 240 companies in the Waste Management industry, placing it in the top 25.8%.
Is Waste Management's Piotroski F-Score too high?
Waste Management's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Waste Management industry median Piotroski F-Score is 5.00. Waste Management's value of 6 is 20% above this industry median. Based on the distribution chart, Waste Management ranks #62 out of 240 companies in the Waste Management industry, which is above the industry midpoint. Overall, Waste Management has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does Waste Management's Piotroski F-Score compare to RSG and WCN?
According to the Waste Management industry distribution chart, Waste Management ranks #62 out of 240 companies for Piotroski F-Score. This puts Waste Management in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Waste Management's value of 6 is 20% above this benchmark. Historically, Waste Management's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, 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 Piotroski F-Score for a Waste Management company?
The median Piotroski F-Score among Waste Management companies is 5.00, based on 240 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waste Management's current Piotroski F-Score of 6 is 20% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Waste Management and its competitors. For the Waste Management industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waste Management's current Piotroski F-Score is 6, which is 14% below median its own 10-year median of 7.00. 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?
Waste Management (MIC:WM-RM) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Waste Management industry median of 5.00. 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 Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Waste Management (MIC:WM-RM), the current Piotroski F-Score is 6 as of Jun. 26, 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.
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.
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